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Sitoy Group Holdings Limited
(1023)
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Rating:55Neutral
Price Target:
HK$0.49
▼(-8.11% Downside)
Action:Reiterated
Date:06/15/26
The score is driven primarily by mixed financial performance: a strong, low-leverage balance sheet and still-positive cash generation are offset by a recent swing to losses and weaker revenue/FCF trends. Technical indicators add a modest headwind due to weak momentum, while valuation is supported by the high dividend yield but tempered by negative earnings.
Positive Factors
Low leverage balance sheet
With debt-to-equity around 1.1% in 2025, Sitoy's very low leverage provides a durable financial buffer for a cyclical apparel supplier. Low debt reduces refinancing risk, supports working-capital funding and targeted capex, and preserves strategic flexibility while margins recover.
Negative Factors
Swing to net loss and negative EBITDA
The company swung to a net loss in 2025 with an -11.2% net margin and negative EBITDA margin, signaling material profit erosion below the gross line. Continued unprofitable operations would deplete reserves, limit reinvestment and capital returns, and complicate recovery without structural cost improvements.
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Positive Factors
Negative Factors
Low leverage balance sheet
With debt-to-equity around 1.1% in 2025, Sitoy's very low leverage provides a durable financial buffer for a cyclical apparel supplier. Low debt reduces refinancing risk, supports working-capital funding and targeted capex, and preserves strategic flexibility while margins recover.
Read all positive factors
Sitoy Group Holdings Limited (1023) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$447.66M
Dividend Yield11.54%
Average Volume (3M)1.34M
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-1.47%
EPS Growth-420.10%
CountryHK
Employees4,500
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.11
Shares Outstanding965,430,000
10 Day Avg. Volume1,985,600
30 Day Avg. Volume1,336,066
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.30
P/FCF Ratio9.26
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
Sitoy Group Holdings Limited Business Overview & Revenue Model
Company Description
Sitoy Group Holdings Limited operates as a diversified investment holding company, managing the entire product lifecycle from conceptualization and development to manufacturing and multi-channel distribution, covering both wholesale and retail. It...
How the Company Makes Money
Sitoy primarily makes money by providing manufacturing and supply-chain services to third-party brand owners and retailers, earning revenue from sales of finished goods produced to customers’ specifications. Key revenue streams typically include (...
Sitoy Group Holdings Limited Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.58B | 1.58B | 1.61B | 1.83B | 1.85B | 1.31B |
| Gross Profit | 503.62M | 516.06M | 572.27M | 605.72M | 533.98M | 327.75M |
| EBITDA | -40.47M | -122.60M | 185.59M | 323.90M | 253.95M | -15.44M |
| Net Income | -97.04M | -178.07M | 101.89M | 202.80M | 150.51M | -79.97M |
Balance Sheet | ||||||
| Total Assets | 1.81B | 1.88B | 2.11B | 2.14B | 2.22B | 2.32B |
| Cash, Cash Equivalents and Short-Term Investments | 367.12M | 464.03M | 460.55M | 428.65M | 361.64M | 503.04M |
| Total Debt | 16.84M | 17.15M | 35.77M | 47.51M | 108.60M | 210.78M |
| Total Liabilities | 252.68M | 312.17M | 308.74M | 358.99M | 450.53M | 569.54M |
| Stockholders Equity | 1.56B | 1.57B | 1.81B | 1.78B | 1.77B | 1.74B |
Cash Flow | ||||||
| Free Cash Flow | -36.01M | 51.48M | 173.74M | 266.12M | -50.25M | 93.58M |
| Operating Cash Flow | -14.08M | 84.74M | 237.92M | 280.79M | -37.26M | 107.69M |
| Investing Cash Flow | -21.50M | -33.08M | -63.62M | -6.23M | 31.61M | -14.05M |
| Financing Cash Flow | -69.34M | -75.66M | -120.42M | -165.59M | -149.50M | -169.81M |
Sitoy Group Holdings Limited Technical Analysis
Neutral
0.53
Price Trends
0.48
Negative
0.49
Negative
0.48
Negative
Market Momentum
>-0.01
Negative
55.66
Neutral
52.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1023, the sentiment is Neutral. The current price of 0.53 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.48, and above the 200-day MA of 0.48, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.66 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1023.
Sitoy Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$10.58B | 13.56 | 9.06% | 10.16% | 1.53% | -21.76% | |
69 Neutral | HK$19.22B | 8.80 | 17.74% | 4.23% | 0.26% | -4.55% | |
66 Neutral | HK$20.39B | 6.36 | 7.40% | 7.69% | -1.93% | -1.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$447.66M | -4.41 | -6.20% | 11.54% | -1.47% | -420.10% | |
49 Neutral | HK$278.20M | -10.24 | -2.53% | 4.15% | -2.99% | -111.49% | |
48 Neutral | HK$180.64M | -2.75 | -13.55% | ― | -38.65% | 41.22% |
* Consumer Cyclical Sector Average
HK:1023
Sitoy Group Holdings Limited
0.48
0.04
8.70%
HK:1910
Samsonite International SA
13.89
-0.77
-5.25%
HK:1170
Kingmaker Footwear Holdings
0.43
-0.14
-24.78%
HK:0738
Le Saunda Holdings
0.30
0.07
31.58%
HK:1836
Stella International Holdings Limited
12.94
-0.60
-4.40%
HK:0551
Yue Yuen Industrial (Holdings)
12.70
1.36
11.98%
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.