CTR Holdings Limited (1416) AI Stock Analysis

• Market Cap: HK$280.00M
• Dividend Yield: N/A
• Average Volume (3M): 1.06M
• Price to Earnings (P/E): 1.0
• Beta (1Y): 0.58
• Revenue Growth: 39.37%
• EPS Growth: 277.52%
• Country: HK
• Employees: 469
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 1,400,000,000
• 10 Day Avg. Volume: 1,250,000
• 30 Day Avg. Volume: 1,059,666
• PEG Ratio: <0.01
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.06
• P/FCF Ratio: 5.04
• 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: 81 Outperform
• Price Target: HK$0.23 ▲(28.33% Upside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is driven primarily by strong financial performance (rapid revenue growth and improving profitability with a low-leverage balance sheet) and very low valuation (P/E ~1.03). These positives are partially offset by weakening operating cash flow and free cash flow, which is the key risk factor in the current profile.

Positive Factors

Robust revenue growth

Sustained top-line expansion of 37.7% demonstrates durable demand for CTR's services and strengthens its competitive position. Higher revenue supports economies of scale, funds reinvestment into operations, and underpins longer-term margin and profit stability over the next several months.

Improving margins and profitability

Both gross and net margins have expanded, signaling better cost control and pricing discipline. Margin improvement reflects operational efficiency gains that are durable drivers of earnings quality, improving resilience to input cost swings and supporting sustainable earnings generation.

Very low leverage and stronger ROE

Extremely low financial leverage reduces solvency and interest-rate risk and provides balance-sheet stability. The marked ROE improvement indicates more efficient capital use, giving management flexibility to fund operations or pursue strategic options without immediate financing stress.

Negative Factors

Sharp deterioration in operating cash flow

Operating cash flow collapse signals weaker cash conversion of earnings and raises execution and liquidity risk. If cash from operations remains depressed, the company may face constraints funding working capital and day-to-day operations, increasing reliance on external financing or slowing growth.

Material drop in free cash flow

Substantially lower free cash flow reduces capacity for capex, dividends, debt servicing, or strategic investments. This decline limits the firm's financial flexibility and heightens funding risk if cyclical needs or opportunistic investments arise in the medium term.

Thin net profitability despite improvement

Although margins improved, net profitability remains modest at 3.8%, leaving limited buffer against cost inflation or contract margin pressure common in engineering and construction. Small margin cushions can translate into volatile earnings and higher sensitivity to adverse events.

CTR Holdings Limited Business Overview & Revenue Model

Company Description

CTR Holdings Limited operates as a contractor specializing in structural engineering works and wet architectural works for public and private sector projects in Singapore. The company's structural engineering works comprise reinforced concrete works, which include steel reinforcement works, formwork erection, and concrete works; and precast installation works. Its wet architectural works comprise masonry building works; plastering and screeding works; tiling works; and waterproofing works. The company's public sector projects include building of hospitals and MRT stations; and private sector projects comprise building of residential estates, office buildings, and data centers. It serves contractors of various building and infrastructure projects in government departments, statutory bodies, or government-controlled entities under the public sector; and property developers under the private sector. The company was founded in 2006 and is headquartered in Singapore. CTR Holdings Limited is a subsidiary of Brave Ocean Limited.

CTR Holdings Limited Financial Statement Overview

Summary

Financials are strong overall: revenue grew 37.7% (HK$150.2M to HK$206.9M) with improved gross and net margins, and the balance sheet shows very low leverage (debt-to-equity ~0.004) alongside higher ROE (12.9%). The main weakness is cash generation, with operating cash flow falling sharply (HK$15.3M to HK$2.7M) and much lower free cash flow, which increases execution and liquidity risk despite still-positive FCF.

Income Statement

CTR Holdings Limited has demonstrated strong revenue growth with a significant increase from HK$150.2 million in 2024 to HK$206.9 million in 2025, marking a 37.7% growth rate. The gross profit margin improved to 11.9% in 2025 from 10.3% in 2024, indicating better cost management. The net profit margin also increased to 3.8% from 1.8%, reflecting improved profitability. EBIT and EBITDA margins have shown positive trends, enhancing operational efficiency. Overall, the income statement reflects robust growth and improved profitability.

Balance Sheet

The balance sheet of CTR Holdings Limited shows a healthy equity position with a debt-to-equity ratio of 0.004, indicating low leverage. The return on equity improved to 12.9% in 2025 from 5.1% in 2024, showing efficient use of equity to generate profits. The equity ratio stands at 47.3%, suggesting a balanced capital structure. However, the relatively low total debt level limits the company's ability to leverage for growth. Overall, the balance sheet reflects financial stability with low leverage and effective equity utilization.

Cash Flow

CTR Holdings Limited's cash flow statement shows a decline in operating cash flow from HK$15.3 million in 2024 to HK$2.7 million in 2025, indicating potential challenges in cash generation from operations. The free cash flow decreased to HK$2.4 million from HK$12.4 million, reflecting reduced cash availability for investments or debt repayment. The operating cash flow to net income ratio dropped significantly, suggesting a need for improved cash conversion. Despite these challenges, the company maintains positive free cash flow, supporting its operational needs.

Breakdown	TTM	Feb 2025	Feb 2025	Feb 2024	Feb 2023	Feb 2021
Income Statement
Total Revenue	246.63M	206.92M	150.22M	89.75M	105.68M	35.81M
Gross Profit	29.60M	24.71M	15.41M	19.95M	8.58M	5.59M
EBITDA	14.11M	10.36M	2.51M	8.55M	-15.00K	-2.08M
Net Income	11.41M	7.77M	2.67M	6.88M	-306.00K	-3.40M
Balance Sheet
Total Assets	144.03M	127.25M	98.83M	77.53M	64.79M	54.59M
Cash, Cash Equivalents and Short-Term Investments	78.22M	48.29M	44.72M	29.74M	25.21M	25.90M
Total Debt	408.00K	237.00K	245.00K	134.00K	228.00K	0.00
Total Liabilities	77.37M	67.05M	46.49M	27.86M	21.86M	11.47M
Stockholders Equity	66.66M	60.20M	52.35M	49.68M	42.93M	43.13M
Cash Flow
Free Cash Flow	31.69M	2.39M	12.41M	5.15M	-1.57M	-4.11M
Operating Cash Flow	32.27M	2.73M	15.29M	5.48M	-905.00K	-1.85M
Investing Cash Flow	-64.95K	856.00K	1.47M	-4.71M	3.24M	-21.24M
Financing Cash Flow	-192.79K	-165.00K	-93.00K	-101.00K	-52.00K	14.00K

CTR Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Negative
• 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:1416, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.18, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.67 is Neutral, neither overbought nor oversold. The STOCH value of 30.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1416.

CTR Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1416	81 Outperform	HK$280.00M	1.03	17.99%	―	39.37%	277.52%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3878	63 Neutral	HK$111.27M	4.63	1.45%	―	-19.27%	-47.47%
1751	56 Neutral	HK$615.44M	-9.37	-64.75%	―	-45.46%	-329.88%
2193	53 Neutral	HK$121.68M	2.34	-6.89%	―	-1.91%	18.30%
2221	51 Neutral	HK$224.72M	-2.28	-25.76%	―	38.15%	-1533.02%
1741	50 Neutral	HK$156.00M	-14.63	-47.44%	―	-34.70%	-388.24%

CTR Holdings Limited Corporate Events

CTR Holdings Appoints New Company Secretary and Authorised Representative

CTR Holdings Limited has announced a change in key corporate governance roles, with the resignation of company secretary and authorised representative Mr. Lee Tsi Fun Nicholas, effective 6 February 2026, who leaves without disagreement with the board or issues requiring shareholder attention. The company has appointed Ms. Chow Yuk Yin Ivy, an experienced corporate services professional and governance fellow with over 25 years of compliance experience, as company secretary, authorised representative and process agent, a move that is expected to reinforce CTR’s regulatory compliance capabilities and governance infrastructure in Hong Kong.

The most recent analyst rating on (HK:1416) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on CTR Holdings Limited stock, see the HK:1416 Stock Forecast page.