Fulum Group Holdings Ltd. (1443) AI Stock Analysis

• Market Cap: HK$87.10M
• Dividend Yield: 4.48%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.07
• Revenue Growth: -13.13%
• EPS Growth: -873.33%
• Country: HK
• Employees: 1,743
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -0.03
• Shares Outstanding: 1,300,000,000
• 10 Day Avg. Volume: 131,600
• 30 Day Avg. Volume: 1,455,533
• PEG Ratio: <0.01
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 0.07
• P/FCF Ratio: 0.44
• 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: 50 Neutral
• Price Target: HK$0.08 ▲(8.57% Upside)

Fulum Group Holdings Ltd. has a challenging financial position with declining revenues and high leverage, which significantly impacts its overall score. Technical analysis provides some positive signals with the stock trading above key moving averages, but momentum indicators are neutral. The valuation is mixed, with a high dividend yield but negative P/E ratio, reflecting profitability issues. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Cash Flow Positivity

Positive operating cash flow indicates that the company can generate cash from its core operations, which is essential for sustaining business activities and funding potential growth opportunities.

Diverse Revenue Streams

The company's ability to generate revenue from multiple channels helps mitigate risks associated with changing consumer preferences and provides a stable revenue base.

Quality Dining Experience

A strong reputation for quality dining can enhance customer loyalty and brand strength, supporting long-term revenue growth and market position.

Negative Factors

High Leverage

Significant leverage can increase financial risk, limit flexibility, and strain cash flow, potentially impacting the company's ability to invest in growth or weather economic downturns.

Declining Revenue

A decline in revenue growth signals challenges in maintaining sales momentum, which could affect long-term profitability and market competitiveness.

Negative Profitability

Ongoing negative profitability reflects operational inefficiencies and could hinder the company's ability to reinvest in the business, affecting future growth prospects.

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 Fulum brand; 8 restaurants under the Sportful Garden brand; 67 restaurants under the Asian Catering Line brand in Hong Kong; and 4 restaurants in Mainland China, as well as 7 supermarkets. It also processes, sells, and distributes food products; owns trademarks; lends money; and holds properties, as well as operates food court. Fulum Group Holdings Limited was founded in 1992 is headquartered in Kowloon Bay, Hong Kong.

How the Company Makes Money

Fulum Group Holdings Ltd. generates revenue primarily through its restaurant operations, where it earns income from food and beverage sales. The company runs multiple dining outlets, which contribute significantly to its overall revenue. Additionally, Fulum Group may have revenue streams from food processing and distribution, supplying its products to other businesses and retail outlets. Partnerships with suppliers for ingredients and potential collaborations with delivery services also enhance its revenue generation capabilities. Seasonal promotions and menu innovations further attract customers, driving sales growth.

Fulum Group Holdings Ltd. Financial Statement Overview

Summary

Fulum Group Holdings Ltd. faces significant financial challenges, with declining revenues, negative profitability, and high leverage. The income statement reflects operational inefficiencies and declining sales, while the balance sheet shows high debt levels and poor equity returns. Although cash flow remains positive, the declining free cash flow growth raises concerns about future liquidity.

Income Statement

Fulum Group Holdings Ltd. has experienced a decline in revenue growth with a negative rate of -5.71% in the most recent year, indicating challenges in maintaining sales momentum. The gross profit margin is moderate at 36.49%, but the net profit margin is negative at -3.90%, reflecting ongoing profitability issues. The EBIT margin is also negative, suggesting operational inefficiencies. Overall, the income statement reflects a struggling financial performance with declining revenues and profitability.

Balance Sheet

The company has a high debt-to-equity ratio of 5.04, indicating significant leverage and potential financial risk. Return on equity is negative at -51.97%, highlighting poor returns for shareholders. The equity ratio is low, suggesting limited financial stability. The balance sheet shows a heavily leveraged position with weak equity returns, posing risks to financial health.

Cash Flow

Operating cash flow is positive, providing some liquidity, but the free cash flow growth rate is negative at -7.51%, indicating declining cash generation. The operating cash flow to net income ratio is 0.46, showing moderate cash conversion efficiency. Despite positive cash flow, the declining free cash flow growth suggests potential challenges in sustaining cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.70B	1.70B	1.84B	1.64B	1.45B	1.17B
Gross Profit	369.67M	621.16M	537.68M	600.69M	455.71M	397.97M
EBITDA	271.46M	309.71M	375.91M	329.45M	257.35M	229.44M
Net Income	-66.37M	-66.37M	50.58M	21.14M	-49.17M	-168.31M
Balance Sheet
Total Assets	1.01B	1.01B	1.27B	991.23M	995.95M	1.21B
Cash, Cash Equivalents and Short-Term Investments	74.64M	74.64M	121.79M	169.76M	128.57M	145.07M
Total Debt	643.91M	643.91M	878.66M	649.46M	691.45M	824.23M
Total Liabilities	888.58M	888.58M	1.08B	845.95M	874.26M	1.08B
Stockholders Equity	127.72M	127.72M	195.99M	147.85M	121.69M	121.98M
Cash Flow
Free Cash Flow	268.45M	280.88M	297.22M	265.09M	177.38M	192.71M
Operating Cash Flow	329.65M	342.07M	362.81M	325.65M	251.03M	269.47M
Investing Cash Flow	-65.25M	-65.25M	-74.66M	-63.74M	-76.86M	-54.63M
Financing Cash Flow	-298.82M	-324.15M	-338.65M	-164.63M	-246.85M	-189.77M

Fulum Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.85 is Neutral, neither overbought nor oversold. The STOCH value of 36.74 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8495	54 Neutral	HK$163.20M	386.36	0.78%	―	-2.67%	22.22%
1843	53 Neutral	HK$88.00M	-8.59	-7.04%	―	16.43%	-3100.00%
1443	50 Neutral	HK$87.10M	-1.44	-48.91%	4.48%	-13.13%	-873.33%
8447	50 Neutral	HK$39.00M	-65.00	-3.70%	―	6.55%	98.02%
1869	44 Neutral	HK$163.59M	-3.53	―	―	-18.92%	-2250.00%
8519	38 Underperform	HK$38.42M	-6.73	-350.87%	―	-5.22%	-7.65%

Fulum Group Holdings Ltd. Corporate Events

Fulum Group Reports Revenue Decline but Improved Profit Margins

Fulum Group Holdings Ltd. reported a 16.1% decrease in revenue for the six months ending September 30, 2025, compared to the same period in 2024, with figures dropping from HK$854.1 million to HK$717.0 million. Despite the revenue decline, the company improved its gross profit margin by 2.6 percentage points to 74.3%, and reduced its loss attributable to owners from HK$40.6 million to HK$34.6 million. The board decided not to declare an interim dividend, reflecting a cautious approach amid ongoing financial challenges.

Fulum Group Holdings Schedules Board Meeting for Interim Results and Dividend Consideration

Fulum Group Holdings Limited has announced that a board meeting will be held on November 28, 2025, to consider and approve the interim results for the six months ending September 30, 2025, and to discuss the potential payment of an interim dividend. This announcement indicates the company’s ongoing financial assessment and potential shareholder returns, which could impact its market positioning and stakeholder interests.

Fulum Group Holdings Ltd. Successfully Passes All AGM Resolutions

Fulum Group Holdings Ltd. announced that all resolutions proposed at their Annual General Meeting on September 26, 2025, were successfully passed. These resolutions included the approval of financial statements, re-election of directors, and granting mandates to directors for share allotment and repurchase, indicating strong shareholder support and a stable governance structure.