Artini Holdings Limited (0789) AI Stock Analysis

• Market Cap: HK$483.25M
• Dividend Yield: N/A
• Average Volume (3M): 1.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: 60.75%
• EPS Growth: -63.30%
• Country: HK
• Employees: 32
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): >-0.01
• Shares Outstanding: 1,323,968,100
• 10 Day Avg. Volume: 470,091
• 30 Day Avg. Volume: 1,354,277
• PEG Ratio: 29.13
• Price to Book (P/B): 2.02
• Price to Sales (P/S): 2.37
• P/FCF Ratio: -7.62
• 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: 51 Neutral
• Price Target: HK$0.37 ▼(-8.25% Downside)
• Action: Reiterated Date: 11/30/25
• Date: Action: Reiterated 11/30/25

Artini Holdings Limited's overall score is primarily impacted by its strong revenue growth and robust balance sheet, which are offset by significant profitability and cash flow challenges. The technical indicators suggest weak momentum, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Consistent high revenue growth (47.8% reported) shows strong demand for the company's products and supports scale advantages in the luxury segment. This growth provides a durable runway to invest in brand, distribution, and product development, improving long-term market position if margins are addressed.

Balance Sheet Strength

Extremely low leverage (debt-to-equity 0.03) and an equity ratio near 90% give the company strong financial flexibility to fund operations, invest in expansion or weather industry cycles without heavy interest burden. That capital structure supports durable resilience and optionality.

Product-Level Margins

Gross profit margin of 22.71% indicates the business retains meaningful product-level economics in the luxury goods category, enabling room to cover SG&A and invest in brand. With continued revenue momentum, maintaining or improving gross margins would underpin sustainable operating leverage over months ahead.

Negative Factors

Cash Flow Weakness

Negative operating and free cash flow signal persistent liquidity and conversion issues despite revenue growth. Over months this limits ability to self-fund growth, forces reliance on external financing or cash reserves, and raises the risk of operational constraints or delayed strategic investments.

Operating Profitability

Low net profit margin (5.05%) and a negative EBIT margin reflect structural operational inefficiencies. Persistent weak operating profitability undermines reinvestment capacity and return generation; without margin improvement the firm may struggle to convert sales growth into durable shareholder value.

Earnings Decline

EPS growth has declined sharply (-63.3%), indicating earnings volatility and weakening per-share profitability. Over a multi-month horizon this trend can impair retained earnings, reduce internal funding for growth, and signal execution risks in translating revenue gains into sustained profitability.

Artini Holdings Limited Business Overview & Revenue Model

Company Description

Artini Holdings Limited, an investment holding company, sells fashion accessories products in Hong Kong, Macao, the People's Republic of China, the United States, Europe, Australia, Africa, the Middle East, Russia, and the rest of Asia. The company engages in the wholesale of various fashion accessories products through integrated fashion accessories online platform. It is also involved in the retail and distribution of fashion accessories products through third-party retail online platforms for retail customers; trading of fashion accessories products through offline wholesale channels; and third party physical points of sale through distributors and consignees. In addition, the company offers management services; and develops and sells software related to e-commerce. It distributes its products under the Artini brand. The company was formerly known as Primeview Holdings Limited and changed its name to Artini Holdings Limited in September 2019. Artini Holdings Limited was founded in 1992 and is based in Tsim Sha Tsui, Hong Kong.

How the Company Makes Money

Artini Holdings generates revenue primarily through its restaurant and bar operations, which include both direct sales of food and beverages and ancillary services such as event hosting and catering. The company also benefits from rental income derived from its investment properties, which further diversifies its revenue streams. Key partnerships with suppliers and local businesses enhance its operational capabilities and marketing reach. Additionally, the company's focus on creating unique dining experiences and leveraging brand recognition aids in attracting a steady customer base, contributing to its overall earnings.

Artini Holdings Limited Financial Statement Overview

Summary

Artini Holdings Limited shows strong revenue growth but faces profitability and cash flow challenges. The balance sheet is robust with low leverage, providing financial stability. However, operational inefficiencies and poor cash flow management need addressing.

Income Statement

Artini Holdings Limited shows a strong revenue growth rate of 47.81% in the latest year, indicating a positive trajectory in sales. However, the company struggles with profitability, as evidenced by a low net profit margin of 5.05% and negative EBIT margin, reflecting operational challenges. The gross profit margin of 22.71% is moderate, suggesting room for improvement in cost management.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.03, indicating low leverage and financial stability. The return on equity is modest at 4.30%, suggesting moderate efficiency in generating returns from equity. The equity ratio of 89.61% highlights a strong capital structure with a significant portion of assets financed by equity.

Cash Flow

Artini Holdings faces significant cash flow challenges, with negative operating cash flow and free cash flow, indicating liquidity issues. The free cash flow growth rate is highly negative, and the operating cash flow to net income ratio is unfavorable, suggesting difficulties in converting income into cash.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	163.90M	150.70M	71.18M	63.69M	76.97M	79.40M
Gross Profit	37.69M	34.23M	15.86M	16.18M	14.05M	9.18M
EBITDA	12.04M	12.92M	7.99M	-1.94M	-20.13M	-22.48M
Net Income	4.83M	7.61M	6.83M	-1.44M	-22.38M	-26.62M
Balance Sheet
Total Assets	195.61M	197.44M	150.21M	154.32M	163.50M	182.26M
Cash, Cash Equivalents and Short-Term Investments	20.28M	53.35M	48.28M	18.89M	35.76M	18.90M
Total Debt	3.38M	4.65M	8.99M	210.00K	727.00K	4.03M
Total Liabilities	17.59M	20.51M	37.08M	23.93M	22.75M	24.09M
Stockholders Equity	178.02M	176.93M	113.13M	130.40M	140.75M	158.17M
Cash Flow
Free Cash Flow	-58.56M	-46.94M	28.82M	-14.07M	17.53M	-33.74M
Operating Cash Flow	-58.56M	-39.51M	28.92M	-14.04M	17.68M	-32.16M
Investing Cash Flow	-5.08M	-6.75M	180.00K	-35.00K	-147.00K	-1.58M
Financing Cash Flow	56.03M	53.58M	1.51M	-430.00K	-1.47M	1.38M

Artini Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0789, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.39, and above the 200-day MA of 0.38, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0789.

Artini Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0280	73 Outperform	HK$472.84M	2.83	11.34%	6.00%	14.52%	15.74%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1466	52 Neutral	HK$503.42M	49.76	7.10%	―	20.46%	―
0789	51 Neutral	HK$483.25M	-91.13	3.29%	―	60.75%	-63.30%
3389	50 Neutral	HK$841.17M	4.39	-1.15%	―	-41.44%	-209.76%
0213	45 Neutral	HK$365.69M	3.84	3.71%	1.47%	-4.32%	127.77%
1856	45 Neutral	HK$695.30M	-3.93	-51.81%	―	-20.65%	-616.18%