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Success Dragon International Holdings Ltd.
(1182)
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Rating:62Neutral
Price Target:
HK$0.92
▲(56.27% Upside)
Action:Reiterated
Date:03/24/26
The score is driven mainly by improved profitability and a stronger, low-leverage balance sheet, offset by major revenue volatility and inconsistent free cash flow. Technical signals are neutral-to-mixed, while the very low P/E provides meaningful valuation support.
Positive Factors
Conservative balance sheet
Very low leverage across 2024–2025 gives the company durable financial flexibility. Low debt reduces refinancing and interest-rate risk, enabling management to fund operations or opportunistic investments during revenue cycles and absorb shocks without pressuring near-term cash flow.
Negative Factors
Severe revenue volatility
A ~65% revenue collapse in 2025 demonstrates high top-line sensitivity to client activity or market cycles. Such volatility undermines predictability of margins and earnings, complicates capacity planning and makes sustained investment or contracting riskier for management and counterparties.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage across 2024–2025 gives the company durable financial flexibility. Low debt reduces refinancing and interest-rate risk, enabling management to fund operations or opportunistic investments during revenue cycles and absorb shocks without pressuring near-term cash flow.
Read all positive factors
Success Dragon International Holdings Ltd. (1182) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$248.16M
Dividend YieldN/A
Average Volume (3M)64.80K
Price to Earnings (P/E)3.8
Beta (1Y)0.44
Revenue Growth509.72%
EPS Growth776.64%
CountryHK
Employees80
SectorBasic Materials
Sector Strength58
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.11
Shares Outstanding349,519,560
10 Day Avg. Volume125,460
30 Day Avg. Volume64,798
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)1.71
Price to Sales (P/S)1.67
P/FCF Ratio-104.61
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
Success Dragon International Holdings Ltd. Business Overview & Revenue Model
Company Description
Success Dragon International Holdings Limited operates as an investment holding company, specializing in providing outsourced business process management solutions for electronic gaming equipment throughout Hong Kong, Macau, and mainland China. It...
How the Company Makes Money
Success Dragon International Holdings Ltd. generates revenue through offering outsourced management services to casino operators, including the provision and maintenance of electronic gaming machines. The company may also earn income via consultin...
Success Dragon International Holdings Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 373.49M | 125.25M | 422.73M | 363.76M | 182.03M | 175.20M |
| Gross Profit | 70.77M | 30.73M | 37.24M | 33.79M | 35.69M | 19.86M |
| EBITDA | 57.78M | 17.71M | 17.40M | 15.10M | 9.75M | -5.79M |
| Net Income | 37.59M | 8.51M | 6.18M | 816.00K | 2.03M | -10.54M |
Balance Sheet | ||||||
| Total Assets | 289.78M | 222.62M | 204.85M | 211.98M | 141.92M | 104.32M |
| Cash, Cash Equivalents and Short-Term Investments | 19.22M | 72.97M | 79.75M | 91.79M | 31.79M | 32.30M |
| Total Debt | 12.00M | 2.59M | 4.04M | 6.45M | 19.71M | 28.36M |
| Total Liabilities | 140.40M | 100.55M | 86.89M | 96.11M | 92.04M | 56.98M |
| Stockholders Equity | 149.38M | 122.07M | 117.96M | 115.87M | 49.88M | 47.35M |
Cash Flow | ||||||
| Free Cash Flow | -46.30M | -2.00M | -7.28M | 15.87M | 10.11M | -4.40M |
| Operating Cash Flow | -12.33M | 24.36M | -6.76M | 18.00M | 13.09M | -2.21M |
| Investing Cash Flow | -33.97M | -25.26M | 1.21M | -2.47M | -2.99M | -982.00K |
| Financing Cash Flow | -5.34M | -5.16M | -3.81M | 47.20M | -11.13M | 33.83M |
Success Dragon International Holdings Ltd. Technical Analysis
Negative
0.59
Price Trends
0.83
Negative
0.83
Negative
0.71
Positive
Market Momentum
<0.01
Positive
33.82
Neutral
11.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1182, the sentiment is Negative. The current price of 0.59 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.83, and below the 200-day MA of 0.71, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 33.82 is Neutral, neither overbought nor oversold. The STOCH value of 11.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1182.
Success Dragon International Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$249.34M | 8.65 | 10.18% | 18.18% | -3.56% | -16.74% | |
62 Neutral | HK$248.16M | 3.81 | 27.70% | ― | 509.72% | 776.64% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | HK$134.73M | 89.02 | 10.09% | ― | 10.01% | 164.52% | |
48 Neutral | HK$747.72M | -12.31 | -2.27% | 13.04% | -7.73% | -82.01% | |
46 Neutral | HK$59.40M | -22.04 | 0.37% | ― | -6.24% | 56.25% | |
44 Neutral | HK$194.40M | -2.26 | -23.30% | 8.60% | -3.83% | -698.65% |
* Basic Materials Sector Average
HK:1182
Success Dragon International Holdings Ltd.
0.71
0.17
31.48%
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Hung Hing Printing Group Limited
0.83
-0.02
-1.78%
HK:1540
Left Field Printing Group Ltd.
0.50
0.10
25.00%
HK:1884
eprint Group Ltd.
0.11
<0.01
0.93%
HK:1975
Sun Hing Printing Holdings Limited
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21.26%
HK:8448
Universe Printshop Holdings Ltd.
1.35
1.13
500.00%
Success Dragon International Holdings Ltd. Corporate Events
Success Dragon outlines flexible capital plans for 7.39 million treasury shares
Mar 17, 2026
Success Dragon International Holdings has issued a supplemental announcement to its annual report for the year ended 31 March 2025, clarifying its plans for 7,385,000 treasury shares held as of that date. The group states that this additional disc...
Success Dragon Discloses HK$36.3 Million Supplier Prepayments and Listing Rules Breach
Feb 12, 2026
Success Dragon International Holdings disclosed that, as of 30 September 2025, it had made approximately HK$36.3 million in prepayments to suppliers in its gold processing and trading business for gold ore and gold-laden carbon. These prepayments,...
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.