Tysan Holdings Limited (0687) AI Stock Analysis

• Market Cap: HK$1.09B
• Dividend Yield: 14.06%
• Average Volume (3M): 324.33K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.57
• Revenue Growth: 11.24%
• EPS Growth: 64.66%
• Country: HK
• Employees: 733
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.01
• Shares Outstanding: 3,366,035,600
• 10 Day Avg. Volume: 244,200
• 30 Day Avg. Volume: 324,332
• PEG Ratio: -0.04
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.26
• P/FCF Ratio: 2.75
• 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: 60 Neutral
• Price Target: HK$0.50 ▲(56.25% Upside)

Tysan Holdings Limited's overall stock score is driven by a strong valuation due to a high dividend yield and fair P/E ratio. Financial performance is mixed, with strong equity but weak cash flow. Technical analysis shows neutral indicators, suggesting stability with potential for upward movement. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Business Model Diversification

Tysan's diversified revenue model, including construction services, property development, and machinery leasing, provides resilience against sector-specific downturns, ensuring steady income streams and reducing dependency on a single market.

Strong Balance Sheet

A strong balance sheet with high equity and low leverage provides financial stability and flexibility, enabling Tysan to invest in growth opportunities and withstand economic fluctuations.

Improved Profitability

The rebound in profitability, as indicated by a positive net profit margin, suggests operational improvements and effective cost management, positioning Tysan for sustainable growth.

Negative Factors

Declining Revenues

The decline in revenues raises concerns about Tysan's market competitiveness and demand for its services, potentially impacting long-term growth and profitability if not addressed.

Weak Cash Flow

The absence of operating cash flow indicates potential cash management issues, which could limit Tysan's ability to fund operations and invest in growth, affecting financial health.

Low EBIT Margins

Persistently low EBIT margins suggest challenges in operational efficiency and profitability, which could hinder Tysan's ability to generate sufficient returns on its operations over time.

Tysan Holdings Limited Business Overview & Revenue Model

Company Description

Tysan Holdings Limited (0687) is a diversified conglomerate primarily engaged in the construction and engineering industry. The company operates through various segments, including foundation piling, property development, and machinery leasing. Tysan Holdings is renowned for providing specialized construction services, particularly in foundation and piling works, which are critical for infrastructural projects. Additionally, the company is involved in property development and sales, focusing on residential and commercial properties in strategic locations.

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 shows mixed financial performance. The income statement indicates improved profitability with a positive net profit margin, but declining revenues and low EBIT margins are concerning. The balance sheet is strong with high equity and low leverage, ensuring financial stability. However, the cash flow situation is weak due to zero operating and free cash flow in 2024, highlighting cash management issues.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.54B	2.40B	2.70B	2.47B	2.20B	3.05B
Gross Profit	105.28M	82.24M	63.14M	82.05M	82.45M	-62.70M
EBITDA	86.14M	118.51M	80.27M	91.33M	55.93M	-35.18M
Net Income	64.23M	40.79M	-13.04M	4.53M	-107.00K	-104.88M
Balance Sheet
Total Assets	1.86B	1.92B	1.91B	2.13B	2.08B	2.27B
Cash, Cash Equivalents and Short-Term Investments	929.68M	886.61M	747.05M	770.30M	650.89M	706.57M
Total Debt	109.49M	127.65M	141.86M	166.18M	79.87M	73.63M
Total Liabilities	667.73M	676.27M	631.50M	784.96M	665.60M	834.14M
Stockholders Equity	1.19B	1.24B	1.28B	1.34B	1.42B	1.43B
Cash Flow
Free Cash Flow	375.69M	228.07M	48.11M	122.25M	-9.32M	30.89M
Operating Cash Flow	389.79M	254.99M	119.69M	170.48M	25.07M	105.56M
Investing Cash Flow	169.65M	35.66M	-137.39M	-139.66M	-28.63M	288.55M
Financing Cash Flow	-154.98M	-126.70M	-92.25M	-891.00K	-52.76M	-2.60B

Tysan Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.32
• 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 0.32 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.33, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.60 is Neutral, neither overbought nor oversold. The STOCH value of 69.44 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
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0687	60 Neutral	HK$1.09B	17.02	5.28%	14.06%	11.24%	64.66%
1727	60 Neutral	HK$748.59M	4.68	2.36%	―	-25.78%	-18.64%
1662	55 Neutral	HK$1.68B	40.85	8.67%	―	-16.13%	5.48%
3928	50 Neutral	HK$4.31B	-1,157.89	-2.26%	―	34.69%	41.09%
0711	45 Neutral	HK$794.51M	-2.79	2.28%	―	0.97%	―
1780	44 Neutral	HK$440.20M	-46.10	-5.43%	5.06%	-61.56%	-2.67%

Tysan Holdings Limited Corporate Events

Tysan Holdings Limited Declares Interim Dividend for 2025

Tysan Holdings Limited announced an interim dividend of HKD 0.02 per share for the six months ending 30 June 2025. The ex-dividend date is set for 2 September 2025, with the record date on 5 September 2025, and payment scheduled for 26 September 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may impact investor sentiment positively.

The most recent analyst rating on (HK:0687) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tysan Holdings Limited stock, see the HK:0687 Stock Forecast page.

Tysan Holdings Reports Strong Interim Results Amid Construction Industry Challenges

Tysan Holdings Limited reported a significant increase in turnover and profit for the first half of 2025, with turnover reaching HK$1,150 million and profit attributable to equity holders at HK$34 million. The company is optimistic about future opportunities in the construction industry, driven by government initiatives like the Northern Metropolis Development, despite current challenges in the property market. Financially, the company maintains a strong position with a net cash status and prudent funding policies, ensuring readiness to capitalize on upcoming opportunities.

The most recent analyst rating on (HK:0687) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tysan Holdings Limited stock, see the HK:0687 Stock Forecast page.

Tysan Holdings Reports Significant Profit Growth in H1 2025

Tysan Holdings Limited has announced a positive profit alert, indicating a significant increase in net profit to approximately HK$34 million for the first half of 2025, compared to HK$10.7 million in the same period of 2024. This growth is attributed to higher turnover and improved gross profit margin in its foundation piling segment, though the figures are based on preliminary unaudited accounts and may be subject to change.

Tysan Holdings Schedules Board Meeting to Review Interim Results

Tysan Holdings Limited has announced a board meeting scheduled for August 20, 2025, to consider and approve the interim results for the first half of 2025. The meeting will also discuss the potential recommendation of an interim dividend and other business matters, indicating a focus on financial performance and shareholder returns.