Suncorp Technologies (1063) AI Stock Analysis

• Market Cap: $190.78M
• Dividend Yield: N/A
• Average Volume (3M): 245.63K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.75
• Revenue Growth: -41.35%
• EPS Growth: -213.46%
• Country: HK
• Employees: 12
• Sector: Industrials
• Sector Strength: 85
• Industry: Conglomerates
• EPS (TTM): -0.03
• Shares Outstanding: 1,538,536,600
• 10 Day Avg. Volume: 154,084
• 30 Day Avg. Volume: 245,631
• PEG Ratio: 1.20
• Price to Book (P/B): 2.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -16.40
• 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

• Rating: 40 Underperform
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score of 40 reflects the significant financial struggles and weak technical indicators facing Suncorp Technologies. The company's declining revenues, persistent losses, and negative cash flows are major concerns. Additionally, the technical analysis indicates bearish momentum, and the valuation metrics underscore the company's financial difficulties. Immediate strategic changes are necessary for improving financial health and stock performance.

Suncorp Technologies Business Overview & Revenue Model

Company Description

Suncorp Technologies (1063) is a company engaged in the technology sector, focusing on the development and distribution of electronic products and solutions. The company specializes in offering innovative consumer electronics and digital products, catering to a wide range of customer needs with a commitment to quality and innovation.

How the Company Makes Money

Suncorp Technologies generates revenue through the sale of its electronic products, which include consumer electronics, digital devices, and related accessories. The company earns money by leveraging its expertise in technology development to create products that appeal to both individual consumers and businesses. Key revenue streams include direct sales through retail and online channels, as well as partnerships with distributors and retailers. Additionally, Suncorp Technologies may engage in strategic collaborations with other technology firms to enhance its product offerings and expand its market reach, thus contributing to its overall earnings.

Suncorp Technologies Financial Statement Overview

Summary

Suncorp Technologies faces significant financial challenges, characterized by declining revenues, persistent losses, and negative cash flows. Despite a strong equity base and low leverage, the company's ability to generate profitable growth is concerning. Strategic improvements in cost management and revenue generation are essential for long-term sustainability.

Income Statement

Suncorp Technologies has experienced a significant decline in revenue over recent years, with a revenue decrease from $173.7 million in 2020 to $38.9 million in 2024. The company has also shown negative profitability margins, with a gross profit margin of -31.3% and a net profit margin of -116.7% in 2024. These metrics indicate substantial challenges in generating profitable revenue and managing costs effectively. The negative EBIT margin of -117.2% further highlights operational inefficiencies.

Balance Sheet

The balance sheet reveals a moderate level of stability with a strong cash position. The debt-to-equity ratio remains low due to minimal debt levels, and the equity ratio stands at 85.8% in 2024, reflecting a strong equity base. However, the continuous decrease in stockholders' equity from $308.9 million in 2019 to $198.5 million in 2024 signals potential financial strain over the years.

Cash Flow

The company exhibits negative operating and free cash flows, indicating challenges in sustaining its operations through internal cash generation. The operating cash flow to net income ratio suggests difficulties in converting earnings into cash, which may hinder future growth and investment capabilities.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
38.88M	66.29M	128.03M	199.97M	173.69M
	Gross Profit
-12.18M	15.20M	16.00M	25.34M	25.59M
	EBIT
-45.57M	40.33M	-40.31M	-73.97M	-80.31M
	EBITDA
-36.53M	40.45M	-56.78M	-55.65M	-70.14M
	Net Income Common Stockholders
-45.38M	40.07M	-73.69M	-58.84M	-70.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
119.27M	119.98M	101.82M	140.16M	82.67M
	Total Assets
231.47M	264.02M	282.17M	328.98M	299.15M
	Total Debt
3.15M	2.15M	4.24M	6.27M	4.26M
	Net Debt
-26.72M	-26.21M	-22.61M	-46.60M	-17.36M
	Total Liabilities
33.56M	20.75M	78.97M	71.97M	44.12M
	Stockholders Equity
198.49M	243.73M	203.66M	257.10M	255.03M
Cash Flow		Free Cash Flow
-4.91M	-3.25M	-27.42M	-24.55M	-23.66M
	Operating Cash Flow
-4.91M	-3.25M	-27.42M	-22.23M	-23.66M
	Investing Cash Flow
36.00K	-54.00K	-132.00K	-2.31M	0.00
	Financing Cash Flow
-1.88M	-2.03M	1.52M	55.81M	15.10M

Suncorp Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1063, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.40 is Neutral, neither overbought nor oversold. The STOCH value of 32.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1063.

Suncorp Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$4.49B	12.22	5.40%	3.71%	4.17%	-11.97%
2182	56 Neutral	HK$223.20M	―	-1.79%	4.17%	-22.64%	-158.20%
0118	54 Neutral	HK$161.18M	30.16	0.21%	―	-14.31%	―
0862	51 Neutral	HK$149.12M	―	-29.12%	―	7.36%	-70.59%
1063	40 Underperform	$190.78M	7.59	-20.46%	―	-41.35%	-213.46%
0474	39 Underperform	HK$221.45M	―	-37.87%	―	-9.49%	5.90%
0138	37 Underperform	HK$111.98M	―	-56.45%	―	-24.44%	36.96%

Suncorp Technologies Corporate Events

SunCorp Technologies Announces 2025 AGM with Key Resolutions

SunCorp Technologies Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 24, 2025, in Hong Kong. The meeting will address ordinary business matters such as the adoption of financial statements, re-election of directors, and auditor appointments. Additionally, the AGM will consider resolutions to authorize the board to issue additional shares and other related financial instruments, potentially impacting the company’s capital structure and market operations.

SunCorp Technologies Announces 2024 Annual Results

SunCorp Technologies Limited has announced its final annual results for the year ended December 31, 2024. The announcement complies with the Hong Kong Stock Exchange’s listing rules and includes comprehensive financial statements and reports. This release is significant for stakeholders as it provides a detailed overview of the company’s financial performance and governance, potentially impacting its market positioning and investor confidence.

SunCorp Technologies Issues Profit Warning Amid Expected Losses

SunCorp Technologies Limited has issued a profit warning, indicating an expected loss of approximately HK$46 million for the year ending December 31, 2024, compared to a profit of HK$40 million in the previous year. This shift from profit to loss is primarily due to impairment losses on expected credit losses and a significant decrease in other gains. The company is finalizing its annual results, with a detailed announcement expected on March 26, 2025, advising shareholders and potential investors to exercise caution.