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$0.21
▼(-48.05% Downside)
Action:Reiterated
Date:06/16/26
The score is primarily held down by weak financial performance—persistent losses and a strained capital structure with negative equity and high debt. Technicals also reflect a sustained downtrend (price below key moving averages and negative MACD), while valuation is difficult to support given the loss-making profile and lack of dividend data.
Positive Factors
Operating Cash Generation
Consistent positive operating and free cash flow across the years shows the company converts sales into cash despite accounting losses. This durable cash generation supports working capital, funds capex and store operations, and provides a buffer to service debt or invest in turnaround initiatives.
Negative Factors
Negative Shareholders' Equity
Persistent negative equity materially raises solvency and governance risks, constraining the company’s ability to absorb losses or raise equity without dilution. Over time this erodes creditor and supplier confidence and narrows strategic options for investment or restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cash Generation
Consistent positive operating and free cash flow across the years shows the company converts sales into cash despite accounting losses. This durable cash generation supports working capital, funds capex and store operations, and provides a buffer to service debt or invest in turnaround initiatives.
Read all positive factors
AEON Stores (Hong Kong) Co., Limited (0984) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$59.28M
Dividend YieldN/A
Average Volume (3M)51.35K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-3.71%
EPS Growth4.06%
CountryHK
Employees4,800
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-1.25
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 Ratio0.19
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 is a prominent retail entity, primarily recognized for its expansive chain of general merchandise stores (GMS). The company provides a comprehensive assortment of products designed to meet diverse customer need...
How the Company Makes Money
The company primarily makes money by selling goods directly to consumers through its retail formats (e.g., general merchandise stores and supermarkets). Revenue is generated from merchandise sales across categories such as groceries/food and gener...
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 | 574.20M | 2.05B | 675.83M | 805.96M | 684.39M |
| EBITDA | 261.07M | 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
0.28
Negative
0.33
Negative
0.37
Negative
Market Momentum
-0.02
Negative
33.90
Neutral
28.18
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 0.24, above the 50-day MA of 0.28, and above the 200-day MA of 0.37, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 33.90 is Neutral, neither overbought nor oversold. The STOCH value of 28.18 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$497.41M | 13.26 | 1.06% | ― | -13.36% | 155.17% | |
54 Neutral | HK$3.91B | -11.86 | -1.99% | 6.92% | -9.96% | 63.93% | |
48 Neutral | HK$9.73B | -156.06 | -0.28% | 23.73% | -9.68% | -180.35% | |
46 Neutral | HK$421.69M | -1.82 | -404.43% | ― | -9.97% | 57.91% | |
43 Neutral | HK$59.28M | -0.18 | 60.23% | ― | -3.71% | 4.06% |
* Consumer Cyclical Sector Average
HK:0984
AEON Stores (Hong Kong) Co., Limited
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Sun Art Retail Group
1.02
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Wing On Co. International Ltd.
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New World Department Store China Limited
0.30
0.03
13.46%
HK:2625
Jiangsu Horizon Chain Supermarket Company Limited Class H
2.29
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-18.79%
AEON Stores (Hong Kong) Co., Limited Corporate Events
AEON Stores Finalises Major Acquisition of Equity Interest in AEON GD
Jun 15, 2026
AEON Stores (Hong Kong) Co., Limited, a retail and department store operator serving mass-market consumers in Hong Kong and Greater China, continues to pursue strategic expansion through acquisitions that strengthen its regional presence. The comp...
AEON Stores Renews Connected-Shop Licence with AEON Credit for 2026–27
Jun 1, 2026
AEON Stores (Hong Kong) Co., Limited has renewed a licence agreement granting AEON Credit the right to use a shop within its leased premises for one year from 1 June 2026 to 31 May 2027. Under the new 2026 Licence Agreement, AEON Credit will pay a...
AEON Stores Wins Strong Shareholder Backing at 2026 AGM
May 28, 2026
AEON Stores (Hong Kong) Co., Limited reported that shareholders overwhelmingly approved all resolutions at its 2026 annual general meeting held on 28 May 2026, including the adoption of the audited financial statements for the year ended 31 Decemb...
AEON Stores Reshapes Board With New Chairman and Non-Executive Directors
May 28, 2026
AEON Stores (Hong Kong) Co., Limited has announced the retirement of non-executive directors Toshiya Goto and Hiroyuki Inohara, with Goto also stepping down as board chairman and from key committee roles following the 28 May 2026 annual general me...
AEON Stores (Hong Kong) Updates Board and Committee Structure
May 28, 2026
AEON Stores (Hong Kong) Co., Limited has announced the latest composition of its board of directors and three key board committees, clarifying the roles of executive, non-executive, and independent non-executive directors. Tsukasa Konno serves as ...
AEON Stores Delays Dispatch of Circular on Major Warehouse Lease Transaction
May 26, 2026
AEON Stores (Hong Kong) Co., Limited has announced a further delay in sending a shareholder circular relating to a major transaction involving a Warehouse Lease Agreement. The circular, originally scheduled for dispatch on or before 26 May 2026, i...
AEON Stores (Hong Kong) Delays Shareholder Circular on Major Tenancy Termination Deal
May 26, 2026
AEON Stores (Hong Kong) Co., Limited has announced a delay in sending a shareholder circular related to a previously disclosed major transaction involving the early termination of certain tenancy agreements. The company, citing the need for additi...
AEON Stores Wins Strong Shareholder Backing for Major AEON GD Acquisition Mandate
May 15, 2026
Shareholders of AEON Stores (Hong Kong) Co., Limited have overwhelmingly approved a mandate related to a proposed connected transaction and very substantial acquisition of equity interests in AEON GD through a public tender. The ordinary resolutio...
AEON Stores Delays Circular on Major Warehouse Lease Transaction
May 7, 2026
AEON Stores (Hong Kong) Co., Limited has announced a delay in sending a shareholder circular regarding a previously disclosed major transaction tied to a warehouse lease agreement. The company had initially planned to dispatch the circular by 7 Ma...
AEON Stores to Exit Major Lease Early, Booking HK$9.2 Million Loss
May 4, 2026
AEON Stores (Hong Kong) Co., Limited has agreed with landlord Good Focus Holdings Limited to terminate early the tenancy agreements for premises used as a retail store, handing back the site before the original lease expiry of 31 July 2027. The mo...
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...
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.