Pico Far East Holdings (0752) AI Stock Analysis

• Market Cap: $3.32B
• Dividend Yield: 2.09%
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 8.6
• Beta (1Y): 0.28
• 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): 0.17
• Shares Outstanding: 1,263,194,600
• 10 Day Avg. Volume: 603,400
• 30 Day Avg. Volume: 1,109,205
• 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: 0.22
• Enterprise Value/Revenue: 0.11
• Enterprise Value/Gross Profit: 0.36
• Enterprise Value/Ebitda: 1.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: HK$3.00 ▲(12.36% Upside)

Pico Far East Holdings scores well due to its strong financial performance and attractive valuation. However, the technical analysis indicates a neutral trend, which tempers the overall score. The absence of earnings call data and corporate events does not impact the score significantly.

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 shows strong financial health with robust revenue and profit growth, effective cost management, and solid equity management. However, potential risks include industry volatility and increasing liabilities.

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: 2.67
• 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:0752, the sentiment is Positive. The current price of 2.67 is above the 20-day moving average (MA) of 2.66, above the 50-day MA of 2.65, and above the 200-day MA of 2.20, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, 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
0752	73 Outperform	$3.32B	8.57	16.02%	2.09%	18.65%	18.40%
1127	73 Outperform	HK$932.93M	4.48	14.20%	8.73%	-4.03%	8.61%
1540	72 Outperform	HK$214.43M	6.04	12.81%	18.60%	-7.56%	-2.06%
1975	63 Neutral	HK$182.40M	―	-20.83%	9.21%	-26.30%	-617.37%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
0450	55 Neutral	HK$855.82M	―	-3.21%	12.63%	-11.14%	-280.56%
8385	39 Underperform	HK$9.92M	―	―	―	-92.47%	14.17%

Pico Far East Holdings Corporate Events

Pico Far East Holdings Reports Strong Interim Results for 2025

Pico Far East Holdings Limited reported its unaudited interim results for the six months ended April 30, 2025, showing a revenue increase to HK$3,469,367,000 from HK$2,942,002,000 in the same period of 2024. The company’s profit attributable to owners rose to HK$212,330,000, driven by improved gross profit and a reduction in impairment losses, despite a decrease in other income and increased distribution costs. The results indicate a positive trajectory in the company’s financial performance, reflecting its resilience and strategic positioning in the event marketing industry.

Pico Far East Holdings Announces Interim Dividend

Pico Far East Holdings Limited has announced an interim cash dividend of HKD 0.055 per share for the six months ending April 30, 2025. This dividend reflects the company’s ongoing commitment to providing value to its shareholders. The ex-dividend date is set for July 11, 2025, with the payment date scheduled for July 25, 2025, indicating a stable financial position and potential positive implications for investor confidence.

Pico Far East Holdings to Announce Interim Results and Dividend Consideration

Pico Far East Holdings Limited announced that its board of directors will hold a meeting on June 27, 2025, to approve and publish the interim results for the six months ended April 30, 2025. The meeting will also consider the payment of an interim dividend, which could impact the company’s financial strategy and stakeholder returns.

Pico Far East Holdings Grants Share Options to Align Interests and Incentivize Employees

Pico Far East Holdings Limited announced the grant of 6,764,000 share options to certain directors and employees under its share option scheme. The options, exercisable in four tranches, aim to align the interests of grantees with the company and its shareholders, reinforcing commitment to the group’s long-term growth. The remuneration committee supports the grant without performance targets, considering the grantees’ contributions and industry experience.