Pico Far East Holdings (0752) AI Stock Analysis

• Market Cap: HK$3.55B
• Dividend Yield: 6.09%
• Average Volume (3M): 566.18K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 0.29
• Revenue Growth: 18.65%
• EPS Growth: 18.40%
• Country: HK
• Employees: 2,700
• Sector: Communication Services
• Sector Strength: 97
• Industry: Specialty Business Services
• EPS (TTM): 0.18
• Shares Outstanding: 1,263,536,600
• 10 Day Avg. Volume: 368,193
• 30 Day Avg. Volume: 566,182
• PEG Ratio: 0.10
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 2.49
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: HK$3.00 ▲(10.70% Upside)

Pico Far East Holdings' strong financial performance is the most significant factor, supported by solid revenue and profit growth. The valuation is attractive with a low P/E ratio and reasonable dividend yield. Technical analysis suggests a neutral market sentiment, lacking strong momentum.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.

Cash Flow Management

Efficient cash flow management enhances the company's ability to invest in growth opportunities and maintain financial flexibility.

Equity Management

Strong equity management reduces reliance on debt, providing a stable financial foundation and reducing financial risk.

Negative Factors

Industry Volatility

Volatility in the events industry can lead to unpredictable revenue streams, impacting long-term financial planning and stability.

Increasing Liabilities

Rising liabilities can strain financial resources and limit the company's ability to fund new projects or weather economic downturns.

Capital Expenditure Variability

Inconsistent capital spending may hinder the company's ability to sustain growth and maintain competitive advantage in the long term.

Pico Far East Holdings Business Overview & Revenue Model

Company Description

Pico Far East Holdings Limited, an investment holding company, engages in the exhibition, event, and brand activation; visual branding activation; museum, themed environment, interior, and retail; meeting architecture activation; and related businesses. It offers visual branding solutions, brand management, and design and consultancy services; digital marketing and technology; visual and digital content; virtual and online solutions; design and production management; event management; interior renovation, promotion, exhibition and event fabrication, electrical specialist, corporate, and image consultancy and project management; and construction, interior designing, decoration, and turnkey services, as well as technology solutions for exhibitions, events, museums, and interior and themed environment. The company also provides design, lifestyle, and business innovation communications agency services; designs, develops, operates, and manages exhibition and convention center; produces exhibition, event, and interior fit-out products; and organizes and manages exhibitions, conferences, trade fairs, convention conferences, seminars, and events. In addition, it offers freight forwarding, exhibition logistics, and transportation services for exhibitors; media planning, procurement, and optimization services in social video; services to organizers; and exhibition booth fabrication, event planning, design consultancy, themed designing, brand marketing and creative agency, brand strategy, engagement marketing, and public relations services. Further, the company manufactures and installs exhibitions; and offers services and disruptive technologies, design and technology solutions for interactive experience, and management development programs and courses. It also holds properties. The company operates in Greater China, the Middle East, Southeast Asia, the United Kingdom, the United States, and internationally. The company was founded in 1969 and is based in Tai Po, Hong Kong.

How the Company Makes Money

Pico Far East Holdings generates revenue through multiple streams, primarily from its event management services, which include planning, organizing, and executing events for corporate clients and trade exhibitions. The company earns fees for its design and production services related to exhibition booths and setups, as well as consulting services that help clients optimize their marketing strategies. Additionally, Pico's revenue is bolstered by partnerships with industry stakeholders, such as venues and suppliers, which allow for comprehensive service offerings. The company also benefits from repeat business from satisfied clients and long-term contracts, which provide stable income. Economic factors, such as the growth of the events industry in Asia and increasing corporate spending on marketing and brand engagement, further contribute to its revenue generation.

Pico Far East Holdings Financial Statement Overview

Summary

Pico Far East Holdings demonstrates strong financial health with impressive revenue and profit growth, solid equity management, and efficient cash flow generation. However, industry volatility and increasing liabilities pose potential risks.

Income Statement

Pico Far East Holdings has demonstrated strong revenue growth over the years, with a notable increase from 2023 to 2024. The gross profit and net profit margins have improved, indicating efficient cost management and profitability. The EBIT and EBITDA margins also show an upward trend, enhancing operational performance. However, the company experienced a decline in revenue from 2019 to 2020, which may indicate volatility in the industry.

Balance Sheet

The balance sheet reflects a robust equity base with a consistent increase in stockholders' equity over the years. The debt-to-equity ratio remains relatively low, suggesting prudent leverage management. The equity ratio indicates a strong reliance on equity financing, which is a positive indicator of financial stability. However, total assets have shown fluctuations, and the company faces potential risks from liabilities which have been increasing.

Cash Flow

The cash flow analysis reveals a healthy operating cash flow with significant growth in free cash flow, especially from 2023 to 2024, highlighting efficient cash management. The operating cash flow to net income ratio remains strong, indicating good cash generation relative to earnings. Despite the strong free cash flow, capital expenditures have been variable, which could impact long-term asset investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.85B	6.33B	5.33B	4.54B	4.05B	3.44B
Gross Profit	2.03B	1.94B	1.59B	1.27B	1.09B	1.05B
EBITDA	581.12M	593.12M	452.48M	337.35M	311.59M	216.40M
Net Income	378.20M	357.57M	228.08M	162.64M	136.91M	50.54M
Balance Sheet
Total Assets	5.79B	5.71B	5.06B	5.01B	5.39B	4.76B
Cash, Cash Equivalents and Short-Term Investments	2.29B	1.94B	1.31B	1.42B	1.51B	1.30B
Total Debt	642.25M	593.06M	518.11M	933.40M	876.51M	844.86M
Total Liabilities	3.46B	3.39B	2.73B	2.83B	3.07B	2.67B
Stockholders Equity	2.34B	2.29B	2.26B	2.11B	2.19B	1.96B
Cash Flow
Free Cash Flow	904.08M	917.73M	406.68M	58.60M	220.24M	142.34M
Operating Cash Flow	929.99M	949.34M	460.37M	147.10M	273.99M	172.85M
Investing Cash Flow	-179.54M	-217.99M	-135.96M	-128.98M	-96.21M	-79.82M
Financing Cash Flow	-186.83M	-365.86M	-561.08M	-30.61M	11.64M	-137.16M

Pico Far East Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0752, the sentiment is Positive. The current price of 2.71 is above the 20-day moving average (MA) of 2.68, above the 50-day MA of 2.70, and above the 200-day MA of 2.50, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 76.06 is Negative, neither overbought nor oversold. The STOCH value of 87.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0752.

Pico Far East Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1540	74 Outperform	HK$226.90M	6.39	12.81%	18.18%	-7.56%	-2.06%
1127	74 Outperform	HK$992.16M	4.76	14.20%	7.86%	-4.03%	8.61%
0752	73 Outperform	HK$3.55B	8.05	16.02%	6.09%	18.65%	18.40%
1975	63 Neutral	HK$180.00M	-2.06	-20.83%	8.60%	-26.30%	-617.37%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
0450	50 Neutral	HK$837.80M	-9.63	-3.21%	13.04%	-11.14%	-280.56%
8385	43 Neutral	HK$15.35M	-0.34	―	―	-92.47%	14.17%

Pico Far East Holdings Corporate Events

Pico Far East Sets January 30 Board Meeting to Approve 2025 Final Results

Pico Far East Holdings has scheduled a board meeting for January 30, 2026 to review and approve the audited final results for the financial year ended October 31, 2025, along with their release to the public. At the same meeting, the board will also consider the declaration of a final dividend, signaling a forthcoming update on the company’s financial performance and potential cash returns to shareholders.

The most recent analyst rating on (HK:0752) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pico Far East Holdings stock, see the HK:0752 Stock Forecast page.

Pico Far East Sets 2026 CEO Handover to Group President Jean Chia

Pico Far East Holdings has announced a planned leadership transition in which long-serving chief executive officer Lawrence Chia will retire from the CEO role effective 1 January 2026, while remaining as executive director, board chairman, and a member or chair of key board committees, with the company stressing that the move is part of normal succession planning and that there are no disagreements with the board. Upon his retirement, executive director and current Group President Jean Chia Yuan Jiun, a 25-year veteran of the exhibition and event sector and niece of Lawrence Chia, will assume the CEO position, consolidating family leadership within the group; her extensive operational responsibility in Southeast Asia and existing directorships across key subsidiaries and the group’s Thai-listed affiliate suggest continuity in strategic direction despite the governance sensitivity of related-party leadership appointments and a previously disclosed minor regulatory fine involving a Thai entity where she is a director.

The most recent analyst rating on (HK:0752) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pico Far East Holdings stock, see the HK:0752 Stock Forecast page.