CTR Holdings Limited (1416) AI Stock Analysis

• Market Cap: HK$277.20M
• 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 ▲(27.78% 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

Revenue Growth

Sustained 37.7% top-line growth reflects meaningful business expansion and scale improvement. A larger revenue base supports fixed-cost absorption, funds reinvestment in operations, and underpins durable competitiveness and capacity to pursue longer-term contracts and market share gains.

Improving Margins

Improving gross and net margins indicate better cost control and operational efficiency, which are structural positives for long-term profitability. Margin expansion enhances cash generation potential per revenue dollar and strengthens resilience against input cost volatility over the medium term.

Very Low Leverage & Higher ROE

Extremely low leverage reduces solvency and refinancing risk and provides financial flexibility to fund opportunistic investments or withstand downturns. Combined with improved ROE, it shows efficient equity use and a stable capital structure conducive to lasting operational stability.

Negative Factors

Operating Cash Flow Decline

Sharp deterioration in operating cash flow signals weaker cash conversion of reported profits and raises execution and liquidity risk. Over months this can constrain working capital for projects, heighten reliance on external financing, and make earnings less reliable as a funding source.

Falling Free Cash Flow

Material drop in free cash flow reduces internal funding for capex, growth initiatives or debt repayment. Persistently lower FCF narrows strategic optionality, limits ability to self-fund expansions, and increases vulnerability to investment or tender timing over the medium term.

Thin Net Margins

Despite improvement, a single-digit net margin leaves limited buffer against cost inflation, pricing pressure or project overruns common in construction. Low absolute profitability makes results sensitive to modest revenue or margin shocks, constraining sustainable cash flow growth.

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 28.33 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$277.20M	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$110.31M	4.63	1.45%	―	-19.27%	-47.47%
1751	56 Neutral	HK$596.09M	-9.37	-64.75%	―	-45.46%	-329.88%
2193	52 Neutral	HK$109.09M	2.34	-6.89%	―	-1.91%	18.30%
2221	51 Neutral	HK$217.84M	-2.28	-25.76%	―	38.15%	-1533.02%
1741	50 Neutral	HK$160.80M	-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.