Tysan Holdings Limited (0687) AI Stock Analysis

• Market Cap: HK$824.68M
• Dividend Yield: 14.34%
• Average Volume (3M): 194.33K
• Price to Earnings (P/E): 20.2
• Beta (1Y): 0.53
• Revenue Growth: -11.11%
• EPS Growth: N/A
• Country: HK
• Employees: 733
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): 0.01
• Shares Outstanding: 3,366,035,600
• 10 Day Avg. Volume: 125,000
• 30 Day Avg. Volume: 194,333
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: HK$0.50
• Price Target Upside: 108.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: HK$0.50 ▲(108.33%Upside)

The stock score is driven primarily by strong technical indicators with positive momentum, despite the overbought RSI. The valuation is also favorable due to a high dividend yield, although the P/E ratio suggests potential overvaluation. Financial performance is mixed, with solid equity and leverage positions but concerns about revenue and cash flow. The absence of earnings call and corporate events data reduces the depth of this analysis.

Tysan Holdings Limited Business Overview & Revenue Model

Company Description

Tysan Holdings Limited, an investment holding company, engages in the foundation piling and site investigation, and property development and investment activities in the People's Republic of China. It offers foundation piling services, including bored piling, driven piling, socketed H-piling, mini piling, preboring, pile cap, basement construction, diaphragm wall, and shoring services, as well as undertakes footing, ground investigation field, site formation, demolition, landslip preventive and slope, road and drainage, and minor building works. The company also trades in and leases various tower cranes; develops and invests in various commercial and residential properties; and offers property management services consisting of tenancy management, security, concierge and value-added, fire consultancy and risk assessment, repair and maintenance, cleaning, environmental protection, hygiene and safety management, landscape management, car park management, and clubhouse management services. In addition, it offers property consultancy services; and corporate management, engineering, and machinery hiring and trading services. The company was formerly known as Hong Kong International Construction Investment Management Group Co., Limited and changed its name to Tysan Holdings Limited in August 2019. Tysan Holdings Limited was incorporated in 1991 and is headquartered in Hong Kong, Hong Kong. Tysan Holdings Limited is a subsidiary of Times Holdings II Limited.

How the Company Makes Money

Tysan Holdings Limited generates revenue through several key streams. The primary source of income comes from its construction and engineering services, particularly in foundation piling, which involves the installation of deep foundations essential for building stability. This segment serves both public and private sector clients, providing a steady flow of contracts and projects. Another significant revenue stream for Tysan Holdings is its property development division, which involves the acquisition, development, and sale of residential and commercial properties. By strategically investing in high-demand areas, the company profits from property sales and leases. Additionally, Tysan Holdings earns income from machinery leasing, providing construction equipment on a rental basis to other developers and contractors. This diversified revenue model allows the company to capitalize on various opportunities within the construction and real estate sectors.

Tysan Holdings Limited Financial Statement Overview

Summary

Tysan Holdings Limited demonstrates a mixed financial performance. While profitability indicators like net profit margin have improved, revenue contraction and low EBIT margins are concerns. The balance sheet is strong with high equity and low leverage, but the cash flow situation is weak due to zero operating and free cash flow in 2024.

Income Statement

Tysan Holdings Limited showed mixed results in its income statement. The gross profit margin improved in recent years, reaching approximately 3.42% in 2024 from 2.34% in 2023, indicating operational improvements. However, the company experienced a significant revenue decline of about 11.12% from 2023 to 2024, which is a concern. The net profit margin turned positive in 2024 at 1.70% after a loss in 2023, showing a rebound in profitability. Despite this, the EBIT margin remains low at 0.45%, suggesting challenges in operational profitability. Overall, while profitability indicators have improved, revenue contraction and low EBIT margins are concerns.

Balance Sheet

The balance sheet of Tysan Holdings Limited reflects a strong equity position with an equity ratio of 64.72% in 2024, highlighting financial stability. The debt-to-equity ratio is low at 0.10, indicating conservative leverage and less risk from debt. Return on equity improved to 3.29% in 2024, marking a positive turnaround from previous losses. However, the company's total assets have decreased over the years, which might impact future growth prospects. Overall, the balance sheet shows strong equity backing and low leverage, but asset reduction poses a potential risk.

Cash Flow

Tysan Holdings Limited's cash flow statements indicate challenges, primarily due to zero reported operating and free cash flow in 2024. Historically, the company had fluctuating cash flows, with positive free cash flow in earlier years. The absence of operating cash flow in 2024 raises concerns about the company's ability to generate cash from its operations. The free cash flow to net income ratio is not calculable for 2024 due to zero values, suggesting potential cash management issues. Overall, the cash flow situation appears weak and needs improvement.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.40B	2.70B	2.47B	2.20B	3.05B
Gross Profit	82.24M	63.14M	82.05M	82.45M	-62.70M
EBITDA	118.51M	80.27M	91.33M	55.93M	-35.18M
Net Income	40.79M	-13.04M	4.53M	-107.00K	-104.88M
Balance Sheet
Total Assets	1.92B	1.91B	2.13B	2.08B	2.27B
Cash, Cash Equivalents and Short-Term Investments	886.61M	747.05M	770.30M	650.89M	706.57M
Total Debt	127.65M	141.86M	166.18M	79.87M	73.63M
Total Liabilities	676.27M	631.50M	784.96M	665.60M	834.14M
Stockholders Equity	1.24B	1.28B	1.34B	1.42B	1.43B
Cash Flow
Free Cash Flow	228.07M	48.11M	122.25M	-9.32M	30.89M
Operating Cash Flow	281.38M	119.69M	170.48M	25.07M	105.56M
Investing Cash Flow	35.66M	-137.39M	-139.66M	-28.63M	288.55M
Financing Cash Flow	-126.70M	-92.25M	-891.00K	-52.76M	-2.60B

Tysan Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.24
• 50DMA: Negative
• 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:0687, the sentiment is Neutral. The current price of 0.24 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.24, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.15 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0687.

Tysan Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1727	69 Neutral	HK$951.15M	5.14	2.79%	―	-26.45%	-3.13%
Sector *	66 Neutral	CHF4.03B	22.96	13.14%	2.39%	-2.92%	-42.32%
0687	64 Neutral	HK$824.68M	20.25	3.23%	14.34%	-11.11%	―
1662	61 Neutral	HK$1.14B	28.61	8.13%	―	46.88%	759.62%
0711	56 Neutral	HK$794.51M	―	-11.69%	5.01%	20.89%	-296.52%
3928	48 Neutral	HK$1.68B	―	-2.26%	―	34.69%	41.09%
1780	44 Neutral	HK$626.20M	132.53	-5.43%	―	-28.42%	―

Tysan Holdings Limited Corporate Events

Tysan Holdings Secures Unanimous Approval at AGM

Tysan Holdings Limited announced the successful approval of all resolutions during its Annual General Meeting held on May 26, 2025. The resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and re-appointment of auditors, all of which were unanimously passed by shareholders, indicating strong support for the company’s current management and strategic direction.