Wang On Properties Ltd. (1243) AI Stock Analysis

• Market Cap: HK$501.60M
• Dividend Yield: 18.65%
• Average Volume (3M): 527.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: -55.50%
• EPS Growth: -320.37%
• Country: HK
• Employees: 146
• Sector: Real Estate
• Sector Strength: 72
• Industry: Real Estate - Development
• EPS (TTM): <0.01
• Shares Outstanding: 15,200,000,000
• 10 Day Avg. Volume: 384,000
• 30 Day Avg. Volume: 527,066
• PEG Ratio: 0.06
• Price to Book (P/B): 0.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.08
• 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: 44 Neutral
• Price Target: ―

Wang On Properties Ltd. is currently facing significant financial challenges with declining revenue and profitability, coupled with increased financial leverage and negative cash flow trends. The technical analysis indicates a bearish trend with weak market momentum. Valuation concerns are evident with a negative P/E ratio and no dividend yield. These factors collectively result in a low overall stock score.

Wang On Properties Ltd. Business Overview & Revenue Model

Company Description

Wang On Properties Ltd. (1243) is a Hong Kong-based company primarily engaged in the development, construction, and management of residential and commercial properties. The company operates across multiple sectors, including property investment, property development, and asset management, offering a range of services that cater to different segments of the real estate market.

How the Company Makes Money

Wang On Properties Ltd. generates revenue through several key streams: property development and sales, property leasing, and property management services. The company develops residential and commercial properties, which are then sold or leased to generate income. Additionally, it earns revenue from managing properties, including maintenance and operational services provided to tenants. Strategic partnerships and joint ventures often play a significant role in expanding its project portfolio and enhancing its market presence, contributing to its overall earnings.

Wang On Properties Ltd. Financial Statement Overview

Summary

Wang On Properties Ltd. faces significant financial challenges, particularly in maintaining revenue and profitability. The company's leverage and declining equity pose risks to financial stability. Cash flow issues further exacerbate these challenges, requiring strategic interventions to improve operational efficiencies and financial health.

Income Statement

The income statement reveals a sharp decline in revenue and profitability. The revenue growth rate shows significant volatility, with a dramatic decrease in the most recent year. Gross profit margin and other profitability metrics such as EBIT and EBITDA margins have turned negative, indicating operational inefficiencies and challenges in maintaining profitability.

Balance Sheet

The balance sheet displays a moderate debt-to-equity ratio, but the reduction in stockholders' equity is concerning. The equity ratio has decreased, signaling increased leverage and potential financial risk. The company's assets have remained relatively stable, although the overall financial health appears to be under pressure from declining equity.

Cash Flow

Cash flow analysis shows negative trends, with free cash flow turning significantly negative, indicating cash outflows are exceeding inflows. The operating cash flow to net income ratio is negative, highlighting inefficiencies in cash generation from core operations. The free cash flow to net income ratio also indicates poor cash conversion.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
452.91M	297.89M	1.99B	38.86M	314.81M	2.37B
	Gross Profit
-613.05M	73.58M	329.61M	15.54M	166.93M	1.08B
	EBIT
-820.98M	-807.16M	-43.87M	-124.80M	-64.78M	717.74M
	EBITDA
-1.64B	-540.08M	42.79M	-62.37M	-13.63M	705.85M
	Net Income Common Stockholders
-904.07M	-733.28M	211.07M	285.08M	466.75M	457.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.36B	766.31M	889.95M	976.27M	1.05B	853.62M
	Total Assets
8.03B	9.89B	9.75B	10.61B	10.20B	8.74B
	Total Debt
2.85B	4.72B	4.21B	4.58B	4.91B	3.58B
	Net Debt
1.49B	4.00B	3.34B	3.75B	4.08B	2.73B
	Total Liabilities
5.64B	5.44B	4.46B	5.42B	5.17B	4.02B
	Stockholders Equity
2.40B	4.45B	5.27B	5.17B	5.02B	4.67B
Cash Flow		Free Cash Flow
248.91M	-724.49M	329.63M	-3.04B	-1.40B	-263.11M
	Operating Cash Flow
249.09M	-724.14M	347.81M	-3.03B	-1.40B	-239.60M
	Investing Cash Flow
573.66M	410.14M	327.05M	3.42B	331.56M	86.83M
	Financing Cash Flow
-721.70M	428.50M	-897.30M	-377.90M	1.04B	-872.51M

Wang On Properties Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1243, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 84.87 is Negative, neither overbought nor oversold. The STOCH value of 130.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1243.

Wang On Properties Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1113	74 Outperform	$115.32B	8.48	3.52%	4.73%	-3.04%	-20.01%
Sector *	61 Neutral	$2.83B	10.91	0.42%	11.76%	5.94%	-21.26%
1997	60 Neutral	$63.91B	71.72	0.47%	5.63%	-2.96%	-81.31%
1243	44 Neutral	HK$501.60M	―	-18.18%	18.65%	-55.50%	-320.37%

Wang On Properties Ltd. Corporate Events

Wang On Properties Reports HK$3,345 Million in Unaudited Contracted Sales for FY2025

Wang On Properties Ltd. announced its unaudited contracted sales data for the year ending March 31, 2025, reporting approximately HK$3,345 million in sales with a saleable area of 136,000 square feet. For the first quarter of 2025, the company achieved sales of HK$854 million over 45,200 square feet. These figures, based on preliminary internal data, are subject to change, and stakeholders are advised to exercise caution when interpreting this information.

Wang On Properties Secures HK$1 Billion Loan Facility

Wang On Properties Limited announced that its subsidiary, Sky Earth Limited, has entered into a facility agreement with several financial institutions for a term loan facility of up to HK$1,015,000,000. This facility will be used to refinance existing debt and finance the Group’s general corporate purposes, enhancing its financial resources for project construction and strengthening cash flow.