E. Bon Holdings Limited (0599) AI Stock Analysis

• Market Cap: HK$132.99M
• Dividend Yield: N/A
• Average Volume (3M): 34.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: -19.61%
• EPS Growth: -384.80%
• Country: HK
• Employees: 133
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Home Improvement
• EPS (TTM): >-0.01
• Shares Outstanding: 718,838,900
• 10 Day Avg. Volume: 16,000
• 30 Day Avg. Volume: 34,106
• PEG Ratio: 0.03
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 1.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.18 ▲(1.11% Upside)

The overall stock score is primarily influenced by financial performance challenges, including declining revenue and profitability issues. While technical analysis shows positive trends, the high RSI suggests caution. Valuation is weak due to negative earnings and lack of dividends, further impacting the score.

Positive Factors

Cash Flow Improvement

Improved cash flow generation enhances financial flexibility and supports operational investments, crucial for long-term growth and stability.

Low Leverage

Low leverage provides a buffer against economic downturns and allows the company to invest in growth opportunities without excessive financial risk.

Solid Asset Base

A strong asset base ensures long-term solvency and supports the company's ability to meet its obligations and invest in future growth.

Negative Factors

Declining Revenue

Declining revenue indicates challenges in market demand or competitive positioning, which can hinder long-term growth and profitability.

Profitability Issues

Negative profitability margins suggest operational inefficiencies and cost management issues, impacting the company's ability to generate sustainable profits.

Negative Return on Equity

Negative ROE indicates that the company is not effectively using its equity base to generate profits, which can deter investors and limit growth potential.

E. Bon Holdings Limited Business Overview & Revenue Model

Company Description

E. Bon Holdings Limited, an investment holding company, engages in the importing, wholesale, retail and installation of architectural builders' hardware, bathroom, kitchen collections, and furniture in the Hong Kong and the People's Republic of China. The company also provides interior decoration and project management services for property development; consulting services for interior design; and fitting out works. In addition, it engages in the property holding activities. The company serves contractors, property developers, and dealers. E. Bon Holdings Limited was founded in 1976 and is headquartered in Causeway Bay, Hong Kong.

How the Company Makes Money

E. Bon Holdings Limited generates revenue through multiple streams, primarily from the sale of consumer products across its retail and online platforms. The company's revenue model is centered around direct sales to consumers, both in physical retail locations and through e-commerce channels. Key revenue streams include the distribution of household goods, electronics, and personal care products. Additionally, strategic partnerships with various suppliers and brands enhance product offerings and enable competitive pricing, contributing to overall earnings. The company's focus on expanding its online presence and optimizing supply chain efficiencies also plays a significant role in driving profitability.

E. Bon Holdings Limited Financial Statement Overview

Summary

E. Bon Holdings Limited faces challenges in revenue growth and profitability, as evidenced by declining margins and negative net income. The balance sheet remains robust with low leverage, but profitability issues persist. Cash flow improvements are a positive sign, yet historical volatility suggests caution. Overall, the company needs to address operational inefficiencies to enhance financial stability and growth prospects.

Income Statement

The income statement shows declining revenue with a negative growth rate of -5.11% in the latest year. Gross profit margin has decreased to 34.95%, and the company is experiencing negative net profit and EBIT margins, indicating operational challenges. Historical data shows fluctuating revenue growth and decreasing profitability margins, suggesting instability in revenue generation and cost management.

Balance Sheet

The balance sheet reflects a stable equity position with a low debt-to-equity ratio of 0.12, indicating conservative leverage. However, the return on equity is negative, reflecting recent net losses. The equity ratio remains strong, suggesting a solid asset base relative to liabilities, but the negative ROE highlights profitability concerns.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth at 56.53%, indicating better cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting efficient cash conversion from operations. However, historical volatility in cash flow metrics suggests potential risks in sustaining this performance.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	457.78M	457.78M	459.85M	454.76M	494.59M	422.45M
Gross Profit	160.00M	160.00M	179.21M	180.61M	183.50M	158.59M
EBITDA	20.39M	33.28M	69.21M	69.34M	66.73M	70.73M
Net Income	-13.44M	-13.44M	8.54M	14.07M	11.89M	10.77M
Balance Sheet
Total Assets	605.78M	605.78M	711.10M	740.57M	702.22M	702.68M
Cash, Cash Equivalents and Short-Term Investments	129.46M	129.46M	87.69M	146.66M	104.20M	102.96M
Total Debt	55.42M	55.42M	97.43M	101.57M	92.08M	136.97M
Total Liabilities	139.86M	139.86M	215.60M	243.86M	231.70M	241.45M
Stockholders Equity	465.92M	465.92M	495.49M	496.71M	470.52M	461.23M
Cash Flow
Free Cash Flow	99.17M	99.17M	-12.85M	57.03M	66.22M	51.47M
Operating Cash Flow	106.37M	106.37M	-2.26M	95.45M	72.54M	88.86M
Investing Cash Flow	-9.03M	-8.30M	-16.55M	-64.32M	-8.19M	-36.63M
Financing Cash Flow	-57.66M	-59.00M	-47.56M	-11.65M	-63.14M	-32.96M

E. Bon Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0599, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.18, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.97 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0599.

E. Bon Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0380	72 Outperform	HK$191.85M	2.33	10.58%	―	-1.35%	28.48%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0599	54 Neutral	HK$132.99M	-5.20	-5.29%	―	-19.61%	-384.80%
1843	53 Neutral	HK$85.60M	-8.52	-7.04%	―	16.43%	-3100.00%
1443	50 Neutral	HK$94.90M	-1.44	-48.91%	4.55%	-13.13%	-873.33%
2223	48 Neutral	HK$188.23M	-14.62	-3.62%	―	-9.34%	-177.30%
1991	37 Underperform	HK$130.73M	-1.83	-169.48%	―	-38.26%	35.05%

E. Bon Holdings Limited Corporate Events

E. Bon Holdings Reports Interim Loss Amid Revenue Decline

E. Bon Holdings Limited announced its interim results for the six months ending September 30, 2025, reporting a decrease in revenue and a net loss compared to the previous year. The company faced a decline in gross profit and an increase in administrative expenses, leading to an overall loss for the period, which may impact its financial stability and investor confidence.

E. Bon Holdings Schedules Board Meeting for Interim Results

E. Bon Holdings Limited has announced a board meeting scheduled for November 21, 2025, to approve the interim results for the six months ending September 30, 2025, and to consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

E. Bon Holdings Issues Profit Warning Amid Revenue Decline

E. Bon Holdings Limited has issued a profit warning, indicating a significant financial downturn for the six months ending September 2025. The company anticipates a loss of HK$2.9 million, a stark contrast to the HK$12.1 million profit before tax reported in the same period last year. This decline is attributed to adverse macroeconomic conditions, geopolitical tensions, and sector-specific challenges, which have led to a 29.6% drop in revenue. Despite these challenges, the company has maintained a stable gross margin ratio and reduced operating expenses by HK$4.5 million to partially offset the lower gross profit.

E. Bon Holdings Announces Director’s New Appointment

E. Bon Holdings Limited has announced a change in the information of its director, with Mr. WAN Sze Chung being appointed as an independent non-executive director of C Cheng Holdings Limited, effective from 28 October 2025. This appointment signifies Mr. Wan’s expanded role within the industry, potentially enhancing the strategic insights available to E. Bon Holdings Limited, although no further changes in his information have been disclosed.