Fulum Group Holdings Ltd. (HK:1443)
:1443
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Fulum Group Holdings Ltd.
(1443)
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Rating:44Neutral
Price Target:
HK$0.04
▼(-46.25% Downside)
Action:Reiterated
Date:03/03/26
Overall score is pressured primarily by weak financial performance (declining revenue, ongoing losses, and very high leverage/negative ROE). Technicals add additional caution with the price still below key longer-term moving averages and a negative MACD. Valuation is partially supported by the high dividend yield, but losses (negative P/E) cap the benefit.
Positive Factors
Positive operating cash flow
Sustained positive operating cash flow provides durable liquidity and reduces reliance on external financing for working capital in a cyclical restaurants business. A 0.46 OCF-to-net-income ratio shows moderate cash conversion, supporting the company's ability to fund day-to-day operations and gradual deleveraging if cash generation stabilizes.
Negative Factors
Very high leverage
A debt-to-equity ratio above 5 reflects an extremely leveraged balance sheet that materially increases default and refinancing risk, especially in a low-margin, cyclical restaurants sector. High interest and principal obligations constrain cash available for reinvestment, capex, or marketing, limiting the firm's ability to execute turnaround strategies.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow
Sustained positive operating cash flow provides durable liquidity and reduces reliance on external financing for working capital in a cyclical restaurants business. A 0.46 OCF-to-net-income ratio shows moderate cash conversion, supporting the company's ability to fund day-to-day operations and gradual deleveraging if cash generation stabilizes.
Read all positive factors
Fulum Group Holdings Ltd. (1443) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$63.70M
Dividend Yield4.48%
Average Volume (3M)1.46M
Price to Earnings (P/E)―
Beta (1Y)-0.01
Revenue Growth-13.13%
EPS Growth-873.33%
CountryHK
Employees1,743
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,300,000,000
10 Day Avg. Volume131,600
30 Day Avg. Volume1,455,533
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.96
Price to Sales (P/S)0.07
P/FCF Ratio0.44
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
Fulum Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Fulum Group Holdings Limited, an investment holding company, engages in restaurant operations business in Hong Kong and the People's Republic of China. As of March 31, 2022, the company operated 91 restaurants, including 16 restaurants under the F...
How the Company Makes Money
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Fulum Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
35
Negative
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.56B | 1.70B | 1.84B | 1.64B | 1.45B | 1.17B |
| Gross Profit | 271.21M | 621.16M | 537.68M | 600.69M | 455.71M | 397.97M |
| EBITDA | 305.18M | 309.71M | 375.91M | 329.45M | 257.35M | 229.44M |
| Net Income | -60.34M | -66.37M | 50.58M | 21.14M | -49.17M | -168.31M |
Balance Sheet | ||||||
| Total Assets | 858.72M | 1.01B | 1.27B | 991.23M | 995.95M | 1.21B |
| Cash, Cash Equivalents and Short-Term Investments | 68.10M | 74.64M | 121.79M | 169.76M | 128.57M | 145.07M |
| Total Debt | 513.65M | 643.91M | 878.66M | 649.46M | 691.45M | 824.23M |
| Total Liabilities | 768.14M | 888.58M | 1.08B | 845.95M | 874.26M | 1.08B |
| Stockholders Equity | 93.16M | 127.72M | 195.99M | 147.85M | 121.69M | 121.98M |
Cash Flow | ||||||
| Free Cash Flow | 256.50M | 280.88M | 297.22M | 265.09M | 177.38M | 192.71M |
| Operating Cash Flow | 310.18M | 342.07M | 362.81M | 325.65M | 251.03M | 269.47M |
| Investing Cash Flow | -57.73M | -65.25M | -74.66M | -63.74M | -76.86M | -54.63M |
| Financing Cash Flow | -281.12M | -324.15M | -338.65M | -164.63M | -246.85M | -189.77M |
Fulum Group Holdings Ltd. Technical Analysis
Negative
0.08
Price Trends
0.05
Positive
0.05
Negative
0.06
Negative
Market Momentum
<0.01
Negative
50.82
Neutral
22.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1443, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.82 is Neutral, neither overbought nor oversold. The STOCH value of 22.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1443.
Fulum Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.15B | 3.97 | 12.32% | 5.56% | 7.49% | 78.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$2.32B | 19.78 | 5.05% | 6.90% | -3.45% | -50.11% | |
50 Neutral | HK$206.79M | 12.23 | 2.32% | 21.88% | 1.02% | -71.48% | |
45 Neutral | HK$186.99M | -2.05 | -1.85% | ― | -6.71% | 74.72% | |
44 Neutral | HK$63.70M | -0.57 | -54.64% | 4.48% | -13.13% | -873.33% | |
42 Neutral | HK$30.80M | -4.11 | -37.45% | ― | 14.18% | 42.51% |
* Consumer Cyclical Sector Average
HK:1443
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Fulum Group Holdings Ltd. Corporate Events
Fulum Shareholders Approve 2026 Connected Tenancy Framework Agreement
Mar 24, 2026
Fulum Group Holdings Ltd., a Hong Kong‑based restaurant operator focused on Chinese cuisine and mass‑market dining brands, depends heavily on leased properties to support its network of outlets across the city. Efficient management and...
Fulum Group Calls March 2026 EGM to Approve Connected Tenancy Framework
Feb 25, 2026
Fulum Group Holdings Limited has called an extraordinary general meeting for 24 March 2026 in Hong Kong, inviting shareholders to vote on an ordinary resolution concerning a 2026 Connected Tenancy Framework Agreement and related right-of-use asset...
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.