Come Sure Group (Holdings) Ltd. (0794) AI Stock Analysis

• Market Cap: HK$58.27M
• Dividend Yield: N/A
• Average Volume (3M): 2.87K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• Revenue Growth: -5.06%
• EPS Growth: N/A
• Country: HK
• Employees: 667
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): -0.02
• Shares Outstanding: 331,084,000
• 10 Day Avg. Volume: 600
• 30 Day Avg. Volume: 2,866
• PEG Ratio: -0.22
• Price to Book (P/B): 0.11
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -12.28
• 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: 49 Neutral
• Price Target: HK$0.18 ▼(-12.50% Downside)
• Action: Reiterated Date: 11/04/25
• Date: Action: Reiterated 11/04/25

The overall stock score of 49 reflects significant financial performance challenges, including declining revenues and low profitability. Technical analysis shows mixed signals with positive short-term trends but potential bearish momentum. The valuation indicates the stock is expensive with no dividend yield, further impacting its attractiveness.

Positive Factors

Balance Sheet Strength

A moderate debt-to-equity ratio (0.55) and a stable equity ratio provide financial flexibility and lower solvency risk. Over the medium term this manageable leverage supports funding of operating needs or investments without excessive refinancing pressure, preserving strategic optionality.

Diversified Business Model

Operating across logistics and commercial real estate creates diversification between service fees and recurring rental income. This mix reduces reliance on a single cyclical revenue stream and strategic partnerships enhance market reach, supporting steadier cash generation across business cycles.

Gross Margin Improvement

A modest improvement in gross margin to ~18.7% suggests better cost control or pricing discipline at the core operating level. Sustained higher gross margins help absorb top-line weakness and are a durable source of resilience for operating profitability if maintained.

Negative Factors

Declining Revenues

Persistent top-line declines reduce scale economics and strain margin recovery efforts. Over the coming months, continued revenue contraction limits reinvestment capacity, weakens pricing leverage, and heightens execution risk for turnaround initiatives across logistics and property segments.

Weak Cash Flow Generation

Severely negative free cash flow growth signals operational conversion problems and possible working-capital drains. This impairs the firm's ability to fund capex, service obligations, or pursue growth without external financing, increasing financial vulnerability over the medium term.

Low Returns to Shareholders

An ROE near zero reflects weak profitability relative to equity capital and implies limited capacity to generate shareholder value. Over time low returns make it harder to attract capital, constrain dividend or buyback potential, and pressure management to materially improve margins or growth.

Come Sure Group (Holdings) Ltd. Business Overview & Revenue Model

Company Description

Come Sure Group (Holdings) Ltd. (0794) is a diversified investment holding company based in Hong Kong, primarily engaged in the provision of logistics services and the development of real estate projects. The company operates across various sectors, including logistics, property investment, and trading, offering a range of services that encompass supply chain management, warehousing, and the leasing of commercial properties.

How the Company Makes Money

Come Sure Group generates revenue primarily through its logistics and real estate operations. The logistics division earns income by providing comprehensive supply chain solutions, including transportation, warehousing, and distribution services to a diverse clientele. Additionally, the company capitalizes on its real estate holdings by leasing commercial properties, which contributes a stable stream of rental income. Key revenue streams include fees for logistics services and rental income from properties. The company's strategic partnerships with local and international businesses further enhance its market reach and operational efficiency, boosting overall profitability.

Come Sure Group (Holdings) Ltd. Financial Statement Overview

Summary

Come Sure Group (Holdings) Ltd. faces significant challenges across its financial statements. The income statement shows declining revenues and low profitability, while the balance sheet indicates manageable leverage but low returns on equity. Cash flow issues are evident, with negative free cash flow growth and operational inefficiencies. The company needs to focus on improving revenue growth, profitability, and cash management to enhance its financial health.

Income Statement

The income statement shows a declining revenue trend over the years, with a negative revenue growth rate of -1.59% in the latest year. Gross profit margin has slightly improved to 18.68%, but net profit margin remains low at 0.30%. The EBIT and EBITDA margins are modest, indicating limited profitability. Overall, the company faces challenges in revenue growth and profitability.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.55, showing manageable leverage. However, the return on equity is low at 0.44%, indicating limited returns for shareholders. The equity ratio is stable, suggesting a balanced capital structure. While leverage is under control, the company needs to improve its profitability to enhance shareholder returns.

Cash Flow

The cash flow statement reveals negative free cash flow growth of -103.73%, indicating cash flow challenges. The operating cash flow to net income ratio is negative, reflecting operational inefficiencies. Although the free cash flow to net income ratio is positive, the overall cash flow position is weak, highlighting the need for better cash management.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	733.64M	760.44M	764.52M	787.08M	1.18B	1.20B
Gross Profit	142.09M	142.06M	131.74M	118.29M	182.26M	226.39M
EBITDA	45.60M	45.78M	50.84M	1.63M	44.60M	87.09M
Net Income	4.32M	2.25M	-15.84M	-67.24M	-38.98M	27.33M
Balance Sheet
Total Assets	998.23M	1.01B	1.10B	1.07B	1.30B	1.49B
Cash, Cash Equivalents and Short-Term Investments	94.81M	90.52M	103.97M	78.43M	113.49M	160.48M
Total Debt	282.35M	281.83M	315.40M	380.28M	465.17M	534.34M
Total Liabilities	487.84M	495.50M	581.54M	532.93M	660.81M	839.31M
Stockholders Equity	509.38M	510.25M	515.07M	535.93M	638.46M	658.47M
Cash Flow
Free Cash Flow	2.40M	-4.53M	125.30M	54.90M	-51.33M	-56.47M
Operating Cash Flow	5.45M	-1.57M	130.42M	67.27M	7.86M	13.79M
Investing Cash Flow	-6.20M	13.86M	-30.45M	-8.49M	42.18M	-49.19M
Financing Cash Flow	-13.61M	-24.78M	-81.87M	-92.92M	-104.91M	13.07M

Come Sure Group (Holdings) Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0794, the sentiment is Neutral. The current price of 0.2 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.19, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.32 is Neutral, neither overbought nor oversold. The STOCH value of 90.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0794.

Come Sure Group (Holdings) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1412	67 Neutral	HK$622.44M	5.16	12.89%	8.07%	7.84%	15.69%
2002	64 Neutral	HK$1.33B	5.14	3.56%	3.45%	-5.66%	-56.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0794	49 Neutral	HK$58.27M	-2.98	0.85%	―	-5.06%	―
1812	46 Neutral	HK$5.98B	-0.27	―	―	-76.55%	-966.54%
3363	46 Neutral	HK$170.00M	19.62	2.13%	6.11%	0.80%	81.27%
0731	45 Neutral	HK$240.48M	-1.62	0.19%	―	-9.44%	―