Playmates Holdings Limited (HK:0635)
:0635
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Playmates Holdings
(0635)
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Rating:61Neutral
Price Target:
HK$0.54
▲(7.60% Upside)
Action:ReiteratedDate:04/16/26
The score is primarily supported by a strong, low-debt balance sheet and consistently positive free cash flow, which reduce financial risk. Offsetting this, the business is still posting substantial net losses and a sharp recent revenue decline, while valuation signals are mixed due to a high dividend yield alongside a loss-driven negative P/E. Technicals are modestly supportive with price trading above key moving averages and positive MACD.
Positive Factors
Conservative Balance Sheet
Very low debt-to-equity and a sizeable equity base materially reduce refinancing and solvency risk. This durable capital cushion supports continued investment in product development, licensing deals, and potential cyclical downturns without needing urgent external funding.
Negative Factors
Large Net Losses
Substantial bottom-line losses mean non-operating items or below-the-line charges are materially eroding shareholder returns. Persistently negative net income reduces retained earnings, limits reinvestment capacity, and can constrain long-term dividend sustainability despite cash cushions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low debt-to-equity and a sizeable equity base materially reduce refinancing and solvency risk. This durable capital cushion supports continued investment in product development, licensing deals, and potential cyclical downturns without needing urgent external funding.
Read all positive factors
Playmates Holdings (0635) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.10B
Dividend Yield9.09%
Average Volume (3M)204.43K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth-39.09%
EPS Growth5.19%
CountryHK
Employees83
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.08
Shares Outstanding2,068,000,000
10 Day Avg. Volume184,400
30 Day Avg. Volume204,433
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.22
Price to Sales (P/S)1.54
P/FCF Ratio11.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Playmates Holdings Business Overview & Revenue Model
Company Description
Playmates Holdings Limited, an investment holding company, primarily engages in the creation, design, development, marketing, and distribution of toys in Hong Kong, the Americas, Europe, the rest of the Asia Pacific, and internationally. It operat...
How the Company Makes Money
Playmates Holdings makes money mainly by earning revenue and investment returns from its underlying operating businesses and investments. Key sources typically include: (1) Toys-related income: revenue generated from the design/development, manufa...
Playmates Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
76
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 665.23M | 1.09B | 1.27B | 719.63M | 860.76M |
| Gross Profit | 384.43M | 645.48M | 784.08M | 438.06M | 523.88M |
| EBITDA | 68.57M | -231.73M | 337.73M | -146.63M | 23.57M |
| Net Income | -362.19M | -382.28M | 10.34M | -212.78M | -49.43M |
Balance Sheet | |||||
| Total Assets | 5.49B | 6.07B | 6.78B | 6.65B | 7.54B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 1.21B | 1.19B | 1.22B | 1.63B |
| Total Debt | 115.12M | 181.65M | 237.81M | 349.08M | 798.94M |
| Total Liabilities | 383.96M | 472.56M | 711.52M | 592.86M | 1.13B |
| Stockholders Equity | 4.56B | 5.00B | 5.49B | 5.57B | 5.92B |
Cash Flow | |||||
| Free Cash Flow | 88.73M | 222.12M | 170.55M | 192.26M | 127.52M |
| Operating Cash Flow | 94.11M | 225.71M | 172.88M | 211.09M | 159.87M |
| Investing Cash Flow | 210.93M | 120.40M | -551.23M | -23.21M | -44.20M |
| Financing Cash Flow | -203.83M | -197.27M | -229.76M | -568.26M | -122.71M |
Playmates Holdings Technical Analysis
Positive
0.50
Price Trends
0.48
Positive
0.48
Positive
0.49
Positive
Market Momentum
0.01
Negative
65.81
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0635, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.48, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.81 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0635.
Playmates Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$207.56B | 18.02 | 69.31% | 0.44% | 185.41% | 308.79% | |
65 Neutral | HK$1.59B | 8.40 | 4.75% | 6.25% | -1.22% | -38.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$1.10B | -2.83 | -8.76% | 9.09% | -39.09% | 5.19% | |
60 Neutral | HK$578.20M | -30.67 | 1.26% | 13.73% | -45.00% | -111.66% | |
59 Neutral | HK$218.00M | 4.03 | -42.82% | ― | -6.48% | -38.10% | |
43 Neutral | HK$190.12M | -0.96 | -10.60% | ― | 2.17% | -1.53% |
* Consumer Cyclical Sector Average
HK:0635
Playmates Holdings
0.53
0.07
15.72%
HK:1086
Goodbaby International Holdings
0.95
-0.10
-9.18%
HK:0869
Playmates Toys
0.47
-0.04
-8.02%
HK:0180
Kader Holdings Co. Ltd.
0.20
-0.07
-25.93%
HK:9992
Pop Mart International Group Limited
156.10
-40.99
-20.80%
HK:3830
Kiddieland International Ltd.
0.20
0.16
351.11%
Playmates Holdings Corporate Events
Playmates Holdings Sets 2026 AGM to Approve New Auditor and Capital Mandates
Apr 8, 2026
Playmates Holdings has called its 2026 annual general meeting for 22 May 2026 in Hong Kong, where shareholders will review the audited accounts for the year ended 31 December 2025 and consider the re-election of three retiring directors. The compa...
Playmates Moves to Update Bye-Laws for Hong Kong’s Uncertificated Securities Market
Apr 8, 2026
Playmates Holdings plans to replace its existing bye-laws with a second amended and restated set to align with Hong Kong’s forthcoming Uncertificated Securities Market regime. The move is intended to ensure compliance with new USM legislatio...
Playmates Holdings Swings to Deeper 2025 Loss on Revenue Slump and Property Revaluation Hit
Mar 13, 2026
Playmates Holdings reported a sharp drop in revenue to HK$665.2 million for 2025, down from HK$1.09 billion a year earlier, with gross profit falling accordingly. Higher relative operating costs and a significant deficit from the revaluation of in...
Playmates Holdings Declares Second Interim Dividend for FY2025
Mar 13, 2026
Playmates Holdings Limited has declared a second interim ordinary dividend of HKD 0.015 per share for the financial year ended 31 December 2025, reinforcing its practice of returning cash to shareholders. The dividend will be paid in Hong Kong dol...
Playmates Holdings Declares Special Interim Dividend for 2025
Mar 13, 2026
Playmates Holdings Limited has declared a special interim dividend of HKD 0.015 per share for the financial year ending 31 December 2025, reflecting the board’s decision to return additional capital to shareholders ahead of the normal year-e...
Playmates Holdings Sets March 2026 Board Meeting to Approve 2025 Results
Feb 27, 2026
Playmates Holdings has scheduled a board meeting in Hong Kong on 13 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025. The board will also consider whether to declare a dividend, a deci...
Playmates Holdings Warns of 2025 Loss Impact from Slump at Toy Subsidiary
Feb 6, 2026
Playmates Holdings has issued a trading update warning that its major subsidiary, Playmates Toys Limited, expects a sharp deterioration in results for the year ended 31 December 2025, with revenue projected to drop to about HK$512 million and the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.