AEON Stores (Hong Kong) Co., Limited (HK:0984)
:0984
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AEON Stores (Hong Kong) Co., Limited
(0984)
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Rating:43Neutral
Price Target:
HK$0.30
â–¼(-25.85% Downside)
Action:ReiteratedDate:04/29/26
The score is weighed down primarily by weak financial performance—persistent losses, a worsening 2025 operating result, and negative equity with high debt—despite consistently positive free cash flow. Technical indicators also point to a bearish trend with weak momentum. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Cash generation
Consistent positive operating and free cash flow—even while accounting profits are negative—indicates durable cash conversion and effective working-capital management. This provides operational liquidity to fund stores, capex or deleveraging, giving the company resilience over the next several months if operational trends stabilize.
Negative Factors
Weak balance sheet
Sustained negative equity combined with multi-billion HKD debt materially limits financial flexibility. The strained capital structure raises refinancing risk, constrains ability to invest or absorb shocks, and increases default or restructuring probability if cash generation weakens or interest costs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow—even while accounting profits are negative—indicates durable cash conversion and effective working-capital management. This provides operational liquidity to fund stores, capex or deleveraging, giving the company resilience over the next several months if operational trends stabilize.
Read all positive factors
AEON Stores (Hong Kong) Co., Limited (0984) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$80.60M
Dividend YieldN/A
Average Volume (3M)51.35K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-3.71%
EPS Growth4.06%
CountryHK
Employees4,800
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-0.41
Shares Outstanding260,000,000
10 Day Avg. Volume44,250
30 Day Avg. Volume51,350
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-0.12
Price to Sales (P/S)0.01
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AEON Stores (Hong Kong) Co., Limited Business Overview & Revenue Model
Company Description
AEON Stores (Hong Kong) Co., Limited operates general merchandise stores (GMS). The company offers a range of daily necessity merchandise, such as food, fashion, household items, and electrical appliances; kitchen utensils, stationery, glassware, ...
How the Company Makes Money
AEON Stores (Hong Kong) Co., Limited primarily makes money by selling consumer products through its retail stores. Its core revenue stream is retail sales of groceries (including fresh food and packaged food) and general merchandise (such as house...
AEON Stores (Hong Kong) Co., Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
12
Very Negative
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.80B | 8.16B | 8.69B | 9.57B | 9.55B |
| Gross Profit | 501.19M | 2.05B | 675.83M | 805.96M | 684.39M |
| EBITDA | 263.89M | 59.81M | 918.77M | 929.62M | 761.03M |
| Net Income | -324.35M | -338.07M | -188.66M | -219.87M | -469.96M |
Balance Sheet | |||||
| Total Assets | 4.91B | 5.46B | 5.58B | 6.04B | 7.45B |
| Cash, Cash Equivalents and Short-Term Investments | 621.49M | 830.58M | 1.15B | 1.43B | 1.84B |
| Total Debt | 3.56B | 3.69B | 3.21B | 3.48B | 4.37B |
| Total Liabilities | 5.70B | 5.89B | 5.67B | 5.94B | 7.13B |
| Stockholders Equity | -856.38M | -529.59M | -197.74M | -274.00K | 203.44M |
Cash Flow | |||||
| Free Cash Flow | 538.26M | 367.28M | 833.49M | 772.17M | 853.90M |
| Operating Cash Flow | 719.59M | 523.72M | 948.36M | 866.80M | 1.02B |
| Investing Cash Flow | -51.90M | -48.52M | -260.42M | -127.29M | -7.24M |
| Financing Cash Flow | -782.95M | -749.84M | -1.04B | -1.08B | -1.04B |
AEON Stores (Hong Kong) Co., Limited Technical Analysis
Negative
0.41
Price Trends
0.37
Negative
0.38
Negative
0.41
Negative
Market Momentum
-0.02
Positive
37.77
Neutral
35.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0984, the sentiment is Negative. The current price of 0.41 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.37, and above the 200-day MA of 0.41, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.77 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0984.
AEON Stores (Hong Kong) Co., Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$556.43M | 7.56 | 1.06% | ― | -13.36% | 155.17% | |
45 Neutral | HK$548.52M | -8.46 | -9.44% | ― | -5.35% | 46.34% | |
43 Neutral | HK$80.60M | -0.24 | 60.23% | ― | -3.71% | 4.06% | |
43 Neutral | HK$42.54M | -0.64 | ― | ― | 6.48% | -26.80% | |
42 Neutral | HK$47.14M | -0.10 | -176.89% | ― | -2.97% | 22.50% | |
42 Neutral | HK$129.72M | -0.29 | -2.44% | ― | -4.58% | -187.76% |
* Consumer Cyclical Sector Average
HK:0984
AEON Stores (Hong Kong) Co., Limited
0.31
-0.05
-13.89%
HK:0825
New World Department Store China Limited
0.33
0.08
29.41%
HK:0097
Henderson Investment Limited
0.18
0.06
50.00%
HK:0162
Century Ginwa Retail Holdings Limited
0.04
-0.01
-22.64%
HK:0312
Shirble Department Store Holdings (China) Ltd.
0.05
0.00
0.00%
HK:0602
JiaHua Stores Holdings Limited
0.04
<0.01
17.14%
AEON Stores (Hong Kong) Co., Limited Corporate Events
AEON Stores Seeks Shareholder Mandate for RMB170m Guangdong Retail Stake Bid
Apr 29, 2026
AEON Stores (Hong Kong) Co., Limited has called an extraordinary general meeting for 15 May 2026 in Hong Kong, where shareholders will vote on granting directors a mandate to bid for 35% of the equity interests in Guangdong AEON Teem Co., Ltd. now...
AEON Stores Sets May EGM to Approve Major AEON GD Acquisition
Apr 27, 2026
AEON Stores (Hong Kong) Co., Limited has scheduled an extraordinary general meeting for 15 May 2026 in Tsuen Wan to seek shareholder approval related to a proposed connected transaction and very substantial acquisition involving equity interests i...
AEON Stores sets 2026 AGM to approve results and capital mandates
Apr 27, 2026
AEON Stores (Hong Kong) Co., Limited, a Hong Kong-listed retail group, operates general merchandising and related services catering to local consumers. As a listed entity, it is subject to Hong Kong’s corporate governance and disclosure requ...
AEON Stores Delays Key Circular on Major AEON GD Acquisition
Apr 23, 2026
AEON Stores (Hong Kong) Co., Limited has announced a delay in sending a shareholder circular related to its proposed acquisition of equity interests in AEON GD through a public tender, a deal classified as both a possible connected transaction and...
AEON Stores Renews Connected Merchandise Sourcing Deal With AEON Group Unit
Apr 17, 2026
AEON Stores (Hong Kong) Co., Limited has renewed its purchasing arrangement with AEON Group subsidiary AGMd by entering into a new 2026 Master Agreement, covering the continued purchase of branded merchandise at negotiated discounts. The structure...
AEON Stores Renews Connected Transactions Agreement With AEON Credit
Apr 15, 2026
AEON Stores (Hong Kong) has renewed its commission payment arrangement with affiliated company AEON Credit, extending a master agreement governing commission payments for another three years from 15 April 2026 to 14 April 2029. Under the renewal, ...
AEON Stores (Hong Kong) Secures Major Three-Year Logistics Warehouse Lease
Apr 15, 2026
AEON Stores (Hong Kong) has entered into a three-year warehouse lease with Omaha Investments Limited, securing approximately 103,524 square feet at Hutchison Logistics Centre in Kwai Chung from 15 April 2026 to 14 April 2029. Under HKFRS 16, the l...
AEON Stores Seeks Full Control of AEON GD via RMB170 Million Tender Bid
Apr 13, 2026
AEON Stores (Hong Kong) Co., Limited plans to bid for the remaining 35% equity interest in its non-wholly owned subsidiary AEON GD, currently held by Teemall Department Stores, through a public tender at a maximum consideration of about RMB170.27 ...
AEON Stores Hong Kong Announces Upcoming Retirement of Chairman and Non-Executive Director
Mar 27, 2026
AEON Stores (Hong Kong) Co., Limited, a listed retail and department store operator serving Hong Kong consumers with a broad range of merchandise, remains under the leadership of Managing Director Takenori Nagashima alongside a mix of executive, n...
AEON Stores Posts Wider Total Comprehensive Loss on Lower 2025 Revenue
Mar 27, 2026
AEON Stores (Hong Kong) Co., Limited, a retailer of department store and supermarket goods in Hong Kong and mainland China, reported its audited results for the year ended 31 December 2025. The group continues to operate a broad portfolio of outle...
AEON Stores Schedules Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 16, 2026
AEON Stores (Hong Kong) Co., Limited has scheduled a board meeting for 27 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025. At the same meeting, directors will also consider whether to recomm...
AEON Stores Grants AEON Credit One-Year Shop Licence as Connected Transaction
Mar 12, 2026
AEON Stores (Hong Kong) has entered into a one-year licence agreement granting AEON Credit the right to use a shop within its leased premises from 15 March 2026 to 14 March 2027. The deal, set at a monthly licence fee of HK$220,681 plus rates, uti...
AEON Stores Signs One-Year Connected Licence Deal With AEON Credit
Feb 26, 2026
AEON Stores (Hong Kong) Co., Limited has entered into a new one-year licence agreement granting AEON Credit the right to use a shop within its leased premises from 28 February 2026 to 28 February 2027 at a monthly licence fee of HK$301,903, plus r...
AEON Stores Wins Extension for Circular on Major Lease Agreement
Feb 6, 2026
AEON Stores (Hong Kong) Co., Limited has obtained a waiver from the Hong Kong Stock Exchange allowing extra time to send a shareholder circular related to a major lease agreement transaction. The company requested an extension beyond the standard ...
AEON Stores Delays Circular on Major Lease Transaction to March
Feb 5, 2026
AEON Stores (Hong Kong) Co., Limited has announced a delay in sending to shareholders a circular related to a major transaction involving a lease agreement, pushing the expected despatch date from 8 January 2026 to on or before 10 March 2026. The ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.