Artini Holdings Limited (0789) AI Stock Analysis

• Market Cap: HK$522.97M
• Dividend Yield: N/A
• Average Volume (3M): 1.35M
• Price to Earnings (P/E): 98.8
• Beta (1Y): 0.29
• 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$0.39 ▼(-3.25% Downside)

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

Strong Revenue Growth

Sustained high top-line growth is a durable fundamental that indicates expanding customer traction and market demand across dining, events and property leasing. This growth provides scale benefits, supports future investment in operations and can underpin margin recovery if cost discipline improves.

Low Leverage / Strong Capital Structure

Extremely low leverage and a high equity ratio give the company financial resilience and flexibility. Over the medium term this reduces bankruptcy risk, lowers fixed financing costs, and preserves capacity to fund expansion, refurbishments or opportunistic acquisitions without stressing cash flows.

Diversified Revenue Streams

A mix of direct F&B sales, event/catering revenue and rental income reduces single-market dependency. This structural diversification smooths revenue volatility across cycles, supports cross-selling and helps maintain baseline occupancy and cash inflows even if one segment softens.

Negative Factors

Negative Operating and Free Cash Flow

Persistent negative operating and free cash flows impair the firm's ability to self-fund operations and capex, increasing reliance on external financing or equity. Over months this constrains strategic flexibility, heightens liquidity risk and may force cutbacks or asset sales to cover cash needs.

Weak Profitability and Margins

Thin net margins and a negative EBIT margin point to structural cost or pricing issues in operations. Even with revenue growth, without sustained margin improvement from cost controls or pricing power, earnings and cash generation will remain constrained over the medium term.

Modest Return on Equity and EPS Decline

A low ROE alongside sharply negative EPS growth signals the company has struggled to translate capital and sales into shareholder returns. This indicates structural inefficiencies or one-off losses that, if unaddressed, will limit long-term value creation and investor confidence.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	150.70M	150.70M	71.18M	63.69M	76.97M	79.40M
Gross Profit	34.23M	34.23M	15.86M	16.18M	14.05M	9.18M
EBITDA	2.78M	12.92M	7.99M	-1.94M	-20.13M	-22.48M
Net Income	7.61M	7.61M	6.83M	-1.44M	-22.38M	-26.62M
Balance Sheet
Total Assets	197.44M	197.44M	150.21M	154.32M	163.50M	182.26M
Cash, Cash Equivalents and Short-Term Investments	53.35M	53.35M	48.28M	18.89M	35.76M	18.90M
Total Debt	4.65M	4.65M	8.99M	210.00K	727.00K	4.03M
Total Liabilities	20.51M	20.51M	37.08M	23.93M	22.75M	24.09M
Stockholders Equity	176.93M	176.93M	113.13M	130.40M	140.75M	158.17M
Cash Flow
Free Cash Flow	-41.51M	-46.94M	28.82M	-14.07M	17.53M	-33.74M
Operating Cash Flow	-38.84M	-39.51M	28.92M	-14.04M	17.68M	-32.16M
Investing Cash Flow	-7.43M	-6.75M	180.00K	-35.00K	-147.00K	-1.58M
Financing Cash Flow	53.58M	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: Positive
• 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 below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.40, and above the 200-day MA of 0.38, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 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$491.03M	5.20	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$512.74M	52.38	7.10%	―	20.46%	―
0789	51 Neutral	HK$522.97M	98.75	3.29%	―	60.75%	-63.30%
3389	50 Neutral	HK$805.94M	-20.33	-1.15%	―	-41.44%	-209.76%
0213	45 Neutral	HK$342.83M	3.62	3.71%	1.47%	-4.32%	127.77%
1856	45 Neutral	HK$659.27M	-10.25	-51.81%	―	-20.65%	-616.18%

Artini Holdings Limited Corporate Events

Artini Holdings Sees Revenue Growth but Faces Net Loss in Interim Results

Artini Holdings Limited reported a 24.4% increase in total revenue for the six months ending September 30, 2025, reaching approximately HK$67,359,000 compared to the same period in 2024. Despite the revenue growth and a 30.1% increase in gross profit, the company faced a net loss of approximately HK$1,707,000, reversing from a net profit of HK$1,071,000 in the previous year. This shift is attributed to changes in other gains and losses, selling and distribution expenses, and administrative expenses, impacting the company’s financial performance.

The most recent analyst rating on (HK:0789) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Artini Holdings Limited stock, see the HK:0789 Stock Forecast page.

Artini Holdings Issues Profit Warning Amid Financial Shift

Artini Holdings Limited has issued a profit warning, indicating a significant shift in its financial performance for the six months ending September 2025. The company expects to report a net loss of approximately HK$1.7 million to HK$1.8 million, compared to a profit of HK$1.1 million in the same period the previous year. This change is primarily due to the absence of a one-off gain of HK$9.1 million from the deregistration of a subsidiary, which was recorded in the previous year. The announcement advises shareholders and potential investors to exercise caution when dealing with the company’s shares.

The most recent analyst rating on (HK:0789) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Artini Holdings Limited stock, see the HK:0789 Stock Forecast page.

Artini Holdings to Review Interim Results and Dividend Proposal

Artini Holdings Limited has announced a board meeting scheduled for November 28, 2025, to discuss and approve the company’s unaudited interim results for the six months ending September 30, 2025. The meeting will also consider the announcement of these results, the potential recommendation of an interim dividend, and other matters. This announcement signals the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (HK:0789) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Artini Holdings Limited stock, see the HK:0789 Stock Forecast page.