Tysan Holdings Limited (0687) AI Stock Analysis

• Market Cap: HK$814.58M
• Dividend Yield: 162.18%
• Average Volume (3M): 218.20K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.47
• Revenue Growth: -11.11%
• EPS Growth: N/A
• Country: HK
• Employees: 733
• Sector: Industrials
• Sector Strength: 84
• Industry: Engineering & Construction
• EPS (TTM): 0.01
• Shares Outstanding: 3,366,035,600
• 10 Day Avg. Volume: 371,600
• 30 Day Avg. Volume: 218,200
• PEG Ratio: 0.00
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.50
• 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: N/A
• 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 (0687) is a diversified investment holding company primarily engaged in the construction and engineering sectors. The company is involved in providing construction services, particularly in foundation piling and site formation. It operates mainly in Hong Kong and the People's Republic of China, offering a range of services that include property development, project management, and construction engineering.

How the Company Makes Money

Tysan Holdings Limited generates revenue through its core operations in the construction and engineering sectors. The company primarily earns income from providing foundation piling services and site formation works, which are pivotal in the construction industry. These activities involve preparing sites for construction by laying the necessary groundwork, which is crucial for any building project. Additionally, Tysan Holdings engages in property development, which involves acquiring land, developing properties, and selling or leasing them to generate returns. The company may also earn from project management fees by overseeing construction projects and ensuring they are completed on time and within budget. Significant partnerships with real estate developers and construction firms contribute to its revenue generation, as these collaborations can lead to more contracts and projects.

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
	EBIT
10.72M	-10.21M	26.73M	-8.68M	-136.18M
	EBITDA
118.51M	80.27M	91.33M	55.93M	-35.18M
	Net Income Common Stockholders
40.79M	-13.04M	4.53M	-107.00K	-104.88M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
886.61M	747.05M	770.30M	650.89M	706.57M
	Total Assets
1.92B	1.91B	2.13B	2.08B	2.27B
	Total Debt
127.65M	141.86M	166.18M	79.87M	73.63M
	Net Debt
-603.84M	-426.44M	-604.12M	-571.02M	-632.94M
	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: Positive
• Last Price: 0.24
• 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:0687, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.23, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.64 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0687.

Tysan Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1109	76 Outperform	$189.68B	6.84	9.66%	9.18%	9.97%	-19.80%
1038	73 Outperform	$123.73B	16.08	6.62%	56.37%	-16.64%	1.10%
Sector *	66 Neutral	$4.44B	12.06	5.34%	6.22%	4.17%	-11.81%
0687	64 Neutral	HK$814.58M	20.00	3.23%	162.18%	-11.11%	―
3383	40 Underperform	$1.99B	―	-90.47%	―	-1.96%	-17.34%

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.

Tysan Holdings Limited Announces 2025 Annual General Meeting Agenda

Tysan Holdings Limited has announced its Annual General Meeting to be held electronically on May 26, 2025. Key agenda items include the adoption of financial statements, declaration of a final dividend, re-election of directors, and re-appointment of auditors. The meeting will also consider resolutions to authorize share repurchases and fix director remuneration. These decisions are crucial for the company’s governance and financial strategy, potentially impacting shareholder value and market perception.