Adtiger Corporations Limited (1163) AI Stock Analysis

• Market Cap: HK$151.53M
• Dividend Yield: N/A
• Average Volume (3M): 177.75K
• Price to Earnings (P/E): 70.4
• Beta (1Y): 0.77
• Revenue Growth: 26.96%
• EPS Growth: N/A
• Country: HK
• Employees: 145
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): <0.01
• Shares Outstanding: 896,400,000
• 10 Day Avg. Volume: 473,750
• 30 Day Avg. Volume: 177,750
• PEG Ratio: 0.26
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -5.11
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.17 ▲(8.12% Upside)

The stock's overall score is primarily influenced by its financial stability and positive technical momentum. However, high valuation metrics and operational inefficiencies weigh down the score. The absence of earnings call insights and corporate events limits additional context.

Positive Factors

Low leverage / strong capital structure

Extremely low leverage and a meaningful equity base reduce financial vulnerability and borrowing costs. This structural strength provides capacity to absorb shocks, pursue strategic investments or M&A, and sustain operations without urgent refinancing over the medium term.

Substantial liquidity

Meaningful cash reserves give the company a durable runway to fund operating losses, invest in growth initiatives, or bridge seasonality without immediate capital raises. Liquidity improves strategic optionality and lowers short-term solvency risk for 2–6 months.

Revenue growth momentum

Reported top-line growth indicates expanding demand or market penetration, which can support future scale and operating leverage if sustained. Durable revenue growth provides the foundation to improve margins and recover profitability over the medium term.

Negative Factors

Persistent net losses

Ongoing net losses erode equity and limit internal funding for investments. Even modest negative margins signal structural challenges in converting revenue to profit, undermining long-term sustainability unless operational fixes or pricing changes restore profitability.

Negative free cash flow

A shift to negative free cash flow indicates operating cash generation doesn't cover capex and other uses, consuming reserves over time. Sustained negative FCF forces reliance on external financing or asset sales, increasing dilution or leverage risk over the medium term.

Margin compression and operational inefficiency

Falling gross margin and persistently negative operating profits suggest pricing pressure, cost inflation, or inefficient cost structure. These structural issues limit the company's ability to convert revenue growth into sustainable earnings without operational restructuring.

Adtiger Corporations Limited Business Overview & Revenue Model

Company Description

Adtiger Corporations Limited, an investment holding company, provides online advertising services in Mainland China, Singapore, Hong Kong, and internationally. Its online advertising platform connects advertisers with media publishers. The company provides overseas online advertising services to China-based advertisers. Adtiger Corporations Limited was founded in 2015 and is headquartered in Beijing, China.

How the Company Makes Money

Adtiger Corporations Limited generates revenue primarily through its performance marketing services, which include targeted advertising campaigns, search engine optimization (SEO), and social media marketing. The company charges clients based on performance metrics such as clicks, conversions, or impressions, creating a results-driven revenue model. In addition to service fees, Adtiger also earns income from analytics and data services that provide clients with insights into consumer behavior and marketing effectiveness. Strategic partnerships with technology providers and advertising platforms enhance the company’s service offerings and contribute to its revenue growth. Furthermore, an expanding client base across various sectors helps to diversify its revenue streams and mitigate risks associated with reliance on a single market segment.

Adtiger Corporations Limited Financial Statement Overview

Summary

The company shows financial stability with low leverage and substantial liquidity, but faces challenges with persistent operational losses and declining cash flow generation. Improvements in revenue growth and operational efficiency are needed.

Income Statement

The company has faced revenue fluctuations with a minor revenue increase of 3.13% from 2023 to 2024. Gross Profit Margin decreased from 18.97% in 2023 to 17.68% in 2024. The Net Profit Margin improved slightly but remained negative at -1.40% in 2024, indicating ongoing profitability challenges. Despite improving EBIT and EBITDA margins, both remain negative, suggesting operational inefficiencies.

Balance Sheet

The company has a strong equity base, reflected in an Equity Ratio of 27.50% in 2024. The Debt-to-Equity Ratio is low at 0.01, indicating minimal leverage and financial risk. Return on Equity remains negative due to losses, but the company maintains substantial cash reserves, providing liquidity and financial stability.

Cash Flow

Free Cash Flow turned negative in 2024, reflecting a decline in cash generation from operations. Operating Cash Flow to Net Income Ratio is negative due to operational losses. While cash from investing activities improved, overall cash flow management remains a concern due to negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	327.07M	303.37M	294.16M	354.65M	351.83M	210.32M
Gross Profit	55.66M	53.62M	55.80M	61.73M	65.86M	42.66M
EBITDA	-4.95M	-9.23M	-10.77M	8.16M	15.28M	-676.00K
Net Income	1.94M	-4.24M	-10.87M	8.99M	11.83M	2.89M
Balance Sheet
Total Assets	734.42M	709.32M	670.66M	620.81M	410.98M	396.67M
Cash, Cash Equivalents and Short-Term Investments	455.54M	451.72M	459.14M	383.87M	286.15M	281.03M
Total Debt	1.92M	1.41M	3.10M	1.37M	343.00K	639.00K
Total Liabilities	527.43M	514.19M	474.54M	427.05M	233.86M	231.18M
Stockholders Equity	206.98M	195.13M	195.53M	192.58M	176.07M	165.49M
Cash Flow
Free Cash Flow	-1.07M	-13.92M	62.33M	102.37M	10.37M	5.56M
Operating Cash Flow	-981.00K	-13.91M	62.61M	102.58M	10.69M	5.66M
Investing Cash Flow	3.25M	48.96M	12.65M	-106.76M	-20.82M	-93.00K
Financing Cash Flow	10.51M	-2.38M	9.20M	-4.03M	-778.00K	112.76M

Adtiger Corporations Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1163, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.07 is Neutral, neither overbought nor oversold. The STOCH value of 83.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1163.

Adtiger Corporations Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1948	67 Neutral	HK$3.12B	24.40	8.02%	0.94%	40.20%	26.39%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
1762	55 Neutral	HK$2.10B	820.00	0.45%	―	35.73%	-88.89%
1163	54 Neutral	HK$151.53M	70.42	1.00%	―	26.96%	―
1917	47 Neutral	HK$287.26M	-18.12	-31.88%	―	-5.03%	-35.29%
1753	45 Neutral	HK$217.52M	-4.22	-3.55%	―	-5.89%	-330.91%
1640	40 Underperform	HK$1.92B	-25.05	-33.53%	―	309.32%	-205.04%