China-Hongkong Photo Products Holdings Limited (1123) AI Stock Analysis

• Market Cap: HK$139.87M
• Dividend Yield: 8.47%
• Average Volume (3M): 59.40K
• Price to Earnings (P/E): 17.1
• Beta (1Y): 0.49
• Revenue Growth: -5.52%
• EPS Growth: -85.74%
• Country: HK
• Employees: 583
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Leisure
• EPS (TTM): <0.01
• Shares Outstanding: 1,185,318,400
• 10 Day Avg. Volume: 44,200
• 30 Day Avg. Volume: 59,400
• PEG Ratio: 0.03
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.45
• 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: 74 Outperform
• Price Target: ―

The overall stock score of 74 reflects a strong financial foundation with low leverage and robust cash flow, moderate technical momentum, and a reasonable valuation. While profitability margins are slightly pressured, the company's solid balance sheet and attractive dividend yield provide a stable investment prospect. The absence of significant earnings call insights or corporate events limits additional impact on the score.

China-Hongkong Photo Products Holdings Limited Business Overview & Revenue Model

Company Description

China-Hongkong Photo Products Holdings Limited, together with its subsidiaries, engages in marketing and distribution of photographic developing, processing, and printing products in Hong Kong. The company operates through Merchandise, Service, and Investment segments. It also retails and wholesales photographic merchandises, skincare products, consumer electronic products, and household appliances, as well as commercial and professional AV products. In addition, the company engages in the provision of technical services for photographic developing and processing products, and professional audio-visual advisory and custom design and installation services. Further, it holds and invests in properties; and provides installation service for household appliances, as well as photofinishing and imaging solutions. The company operates a retail chain under the Fotomax name that provides photographic developing and processing services; and sells skincare products through online platform. The company was founded in 1968 and is based in Tsuen Wan, Hong Kong. China-Hongkong Photo Products Holdings Limited is a subsidiary of Searich Group Limited.

How the Company Makes Money

The company generates revenue through its exclusive distribution rights for Fujifilm products, which allows it to supply a wide array of imaging and consumer electronic products to retailers and end consumers in Hong Kong and Macau. This includes cameras, photographic accessories, and printers. Furthermore, China-Hongkong Photo Products Holdings Limited operates Fotomax retail outlets, which contribute to its earnings by offering photo processing services, personalized photo products, and digital imaging solutions. The company's revenue is also supplemented by its involvement in the provision of professional imaging services and equipment to businesses and institutions. Strategic partnerships with Fujifilm and other suppliers, along with the development of innovative imaging solutions, play a significant role in enhancing its market position and revenue streams.

China-Hongkong Photo Products Holdings Limited Financial Statement Overview

Summary

China-Hongkong Photo Products Holdings Limited exhibits a solid financial foundation with consistent revenue growth and strong cash flow generation. Despite some pressure on profitability margins, the company maintains low leverage and a strong equity position, which mitigates financial risks and supports ongoing growth.

Income Statement

The company demonstrates stable revenue growth with a Revenue Growth Rate of 2.15% in the latest year. Gross Profit Margin is consistent at approximately 25.3%. However, there is a slight decline in EBIT Margin from 4.36% to 3.07%, indicating increased operational costs. Net Profit Margin also shows a decrease from 3.78% to 2.70%, reflecting pressure on profitability despite revenue growth.

Balance Sheet

The balance sheet is strong with a low Debt-to-Equity Ratio of 0.1, reflecting low leverage which reduces financial risk. The Equity Ratio stands at 73.15%, indicating a solid equity base. Return on Equity is moderate at 4.32%, showing room for improved profitability. Overall, the company maintains a stable financial position.

Cash Flow

The company exhibits strong cash flow management with a Free Cash Flow Growth Rate of 9.61% and a high Operating Cash Flow to Net Income Ratio of 3.14, suggesting excellent cash generation relative to net income. The Free Cash Flow to Net Income Ratio of 2.31 further supports the company's robust cash flow capabilities, providing liquidity and flexibility.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
1.06B	1.10B	1.08B	1.02B	916.75M	880.30M
	Gross Profit
263.08M	279.14M	265.80M	221.84M	194.20M	195.03M
	EBIT
16.60M	33.90M	47.01M	24.27M	37.33M	-32.67M
	EBITDA
34.99M	90.78M	104.94M	83.28M	98.18M	38.58M
	Net Income Common Stockholders
8.14M	29.76M	40.81M	18.11M	33.63M	-29.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
274.17M	244.28M	235.92M	229.23M	282.66M	197.31M
	Total Assets
936.06M	941.61M	913.41M	887.69M	870.75M	823.36M
	Total Debt
69.38M	68.69M	55.01M	66.75M	69.04M	77.52M
	Net Debt
-179.10M	-150.66M	-180.91M	-162.48M	-213.63M	-119.79M
	Total Liabilities
251.04M	252.79M	234.70M	236.65M	226.96M	214.83M
	Stockholders Equity
685.51M	688.95M	677.62M	651.82M	644.01M	607.07M
Cash Flow		Free Cash Flow
95.61M	68.86M	62.83M	6.73M	129.98M	50.97M
	Operating Cash Flow
126.08M	93.33M	77.89M	16.02M	140.23M	56.96M
	Investing Cash Flow
-26.08M	-44.55M	-12.10M	19.33M	-11.26M	-1.37M
	Financing Cash Flow
-61.70M	-63.32M	-57.11M	-62.42M	-48.55M	-52.06M

China-Hongkong Photo Products Holdings Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1123, the sentiment is Neutral. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.40 is Neutral, neither overbought nor oversold. The STOCH value of 59.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1123.

China-Hongkong Photo Products Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1123	74 Outperform	HK$139.87M	17.10	1.19%	8.47%	-5.52%	-85.74%
Sector *	62 Neutral	$6.76B	11.07	2.80%	6.34%	2.68%	-24.87%
1348	58 Neutral	HK$101.72M	―	-89.34%	―	-53.52%	-12.78%
3830	48 Neutral	HK$46.00M	―	-18.04%	―	1.11%	36.36%
6918	40 Underperform	HK$83.07M	―	-19.60%	―	64.02%	42.01%
0765		HK$106.25M	―	-55.75%	―	―	―
8545	55 Neutral	HK$48.88M	18.64	1.34%	―	-19.91%	-70.27%