Courage Investment Group Limited (1145) AI Stock Analysis

• Market Cap: S$185.51M
• Dividend Yield: N/A
• Average Volume (3M): 439.47K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.03
• Revenue Growth: 7.56%
• EPS Growth: N/A
• Country: HK
• Employees: 18
• Sector: Industrials
• Sector Strength: 93
• Industry: Marine Shipping
• EPS (TTM): <0.01
• Shares Outstanding: 1,097,703,600
• 10 Day Avg. Volume: 390,000
• 30 Day Avg. Volume: 439,466
• PEG Ratio: N/A
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.81
• Enterprise Value/Market Cap: 0.12
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 6.84
• Enterprise Value/Ebitda: 1.89
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

Courage Investment Group Limited's overall stock score is influenced most significantly by its financial performance, which reveals volatility and inconsistent cash flows, despite a strong balance sheet. Technical analysis suggests a neutral market sentiment, while the valuation indicates a moderate price level. The absence of earnings call data and corporate events means these factors do not contribute to the score.

Courage Investment Group Limited Business Overview & Revenue Model

Company Description

Courage Investment Group Limited, an investment holding company, provides marine transportation services in Hong Kong and Singapore. The company trades in merchandise, including electronic components; holds and invests in properties; and invests in equity securities and corporate bonds. It also offers management services. The company was formerly known as Courage Marine Group Limited and changed its name to Courage Investment Group Limited in September 2017. Courage Investment Group Limited was founded in 2001 and is headquartered in Wan Chai, Hong Kong.

How the Company Makes Money

Courage Investment Group Limited generates revenue primarily through its shipping services, where it charges fees for the transportation of cargo using its fleet of vessels. The company's earnings are influenced by the volume of goods transported, freight rates, and the efficiency of its operations. Additionally, the company may earn income from its property holdings and investments, which can provide rental income or capital gains depending on market conditions. Strategic partnerships with logistics companies, shipping alliances, and favorable maritime policies can also contribute to its revenue streams.

Courage Investment Group Limited Financial Statement Overview

Summary

Courage Investment Group Limited shows financial volatility with inconsistent income and cash flow performance. The income statement is marked by fluctuating revenue and profitability, while the cash flow statement reveals negative free cash flow. However, the balance sheet remains strong with a high equity ratio and low leverage, indicating financial stability.

Income Statement

Courage Investment Group Limited shows a volatile income statement with fluctuating revenue and profitability. The gross profit margin has improved to 34.23% in the latest year, indicating better cost management. However, the company has experienced inconsistent net income, swinging from losses to profits, with a net profit margin of 18.58% in the latest year. Revenue growth has been inconsistent, with a growth of 7.89% in the most recent year but a decline in previous years. EBIT and EBITDA margins have improved, but the volatility in net income is a concern.

Balance Sheet

The balance sheet remains strong with a high equity ratio of 98.32%, indicating financial stability and low leverage with a debt-to-equity ratio of 0.0002. Return on equity (ROE) improved to 2.90% in the latest year, showing better utilization of equity. However, the decreasing total assets over time could be a potential risk if not managed properly.

Cash Flow

The cash flow statement shows substantial fluctuations in free cash flow due to variable capital expenditures and financing cash flows. The company reported a negative free cash flow in the latest year, indicating a need for better cash management. The operating cash flow to net income ratio has improved, suggesting better operational efficiency, but the negative free cash flow raises concerns about sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.18M	8.51M	12.37M	9.74M	7.92M
Gross Profit	3.14M	2.29M	5.37M	4.81M	2.73M
EBITDA	2.25M	-1.65M	3.76M	-941.00K	-1.12M
Net Income	1.71M	-3.97M	1.12M	23.41M	-3.47M
Balance Sheet
Total Assets	59.81M	59.03M	66.45M	72.45M	66.93M
Cash, Cash Equivalents and Short-Term Investments	18.94M	17.85M	16.08M	11.45M	10.09M
Total Debt	9.00K	864.00K	2.89M	9.94M	16.16M
Total Liabilities	1.00M	1.94M	5.32M	11.00M	17.39M
Stockholders Equity	58.80M	57.10M	61.14M	61.45M	49.54M
Cash Flow
Free Cash Flow	-10.35M	2.41M	4.21M	4.05M	2.53M
Operating Cash Flow	4.21M	2.47M	7.39M	4.25M	3.36M
Investing Cash Flow	-406.00K	-1.13M	-5.78M	-201.00K	-732.00K
Financing Cash Flow	-858.00K	-2.23M	-7.05M	-6.44M	5.46M

Courage Investment Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1145, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.62 is Neutral, neither overbought nor oversold. The STOCH value of 19.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1145.

Courage Investment Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6119	79 Outperform	HK$192.00M	7.89	6.94%	65.08%	-4.71%	8.26%
Sector *	61 Neutral	C$6.54B	7.73	2.76%	2.57%	6.48%	-23.55%
1145	57 Neutral	S$185.51M	14.46	2.94%	―	7.56%	―
EJ1C	―	€27.05M	―	-28.98%	―	―	―
2682	71 Outperform	HK$136.00M	6.87	7.34%	7.25%	34.78%	-53.66%
1549	52 Neutral	HK$232.50M	―	-4.41%	―	2.84%	-2100.00%
3683	43 Neutral	HK$116.22M	―	-84.30%	―	30.16%	68.71%

Courage Investment Group Limited Corporate Events

Courage Investment Group Updates Nomination Committee Terms

Courage Investment Group Limited has revised the terms of reference for its Nomination Committee, effective from July 21, 2025. The committee, responsible for overseeing the nomination of directors, must consist of at least three members, with a majority being independent directors. This move aims to enhance governance and ensure diverse representation, including gender diversity, which could strengthen the company’s market position and stakeholder confidence.

Courage Investment Group Issues Supplemental Announcement on Share Option Scheme

Courage Investment Group Limited has issued a supplemental announcement to its 2024 Annual Report, providing additional details about its Share Option Scheme. The announcement clarifies the exercise and vesting periods for options under the scheme, indicating that options can be exercised within a period determined by the directors, up to 10 years from the date of grant, with no minimum vesting period unless otherwise stated. This additional information does not alter any other details in the 2024 Annual Report.

Courage Investment Group Clarifies AGM Voting Results

Courage Investment Group Limited announced the results of its annual general meeting held on June 17, 2025, where all proposed resolutions were passed with overwhelming support. The resolutions included the adoption of financial statements, re-election of directors, re-appointment of auditors, and granting of mandates to the board for share issuance and repurchase. This announcement clarifies the voting results, indicating strong shareholder confidence in the company’s leadership and strategic direction.

Courage Investment Group Successfully Passes All AGM Resolutions

Courage Investment Group Limited announced the successful passing of all proposed resolutions at its Annual General Meeting held on June 17, 2025. Key resolutions included the adoption of the company’s audited financial statements, re-election of directors, re-appointment of the auditor, and granting of mandates for share issuance and repurchase. This outcome reflects strong shareholder support and positions the company for continued strategic operations and governance.

Courage Investment Group Announces 2025 AGM with Key Resolutions

Courage Investment Group Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 17, 2025, in Hong Kong and Singapore. The AGM will address several key resolutions, including the adoption of audited financial statements, re-election of directors, and re-appointment of auditors. Additionally, the meeting will consider granting the board the authority to issue new shares, which could influence the company’s capital structure and shareholder value.