Sang Hing Holdings (International) Ltd. (1472) AI Stock Analysis

• Market Cap: HK$62.00M
• Dividend Yield: N/A
• Average Volume (3M): 525.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -44.50%
• EPS Growth: 53.11%
• Country: HK
• Employees: 143
• Sector: Industrials
• Sector Strength: 84
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 336,500
• 30 Day Avg. Volume: 525,333
• PEG Ratio: 0.07
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.16
• 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: 52 Neutral
• Price Target: ―

Sang Hing Holdings faces significant revenue and profitability challenges, impacting its financial performance score. The strong balance sheet provides some stability, but cash flow issues are concerning. Technically, the stock shows some positive momentum, but valuation remains unattractive due to negative earnings and no dividend yield.

Sang Hing Holdings (International) Ltd. Business Overview & Revenue Model

Company Description

Sang Hing Holdings (International) Limited, an investment holding company, provides civil and engineering, and related services in Hong Kong. It also undertakes site formation, road and bridge construction, drainage and sewerage construction, water main installation, and slope works. The company was founded in 1990 and is headquartered in Tuen Mun, Hong Kong.

How the Company Makes Money

Sang Hing Holdings (International) Ltd. generates revenue through contracts for engineering and construction services. The company's key revenue streams include project-based contracts from government bodies and private developers for infrastructure projects, such as roadworks, drainage systems, and water supply projects. These contracts often involve long-term agreements with set budgets and timelines, providing a stable income flow. Additionally, the company benefits from its expertise in managing complex projects, which can lead to cost efficiencies and increased profitability. Strategic partnerships with local authorities and construction firms also play a role in securing new projects and expanding its market presence.

Sang Hing Holdings (International) Ltd. Financial Statement Overview

Summary

The income statement reveals significant revenue decline and negative profit margins, indicating financial pressure. However, the balance sheet is strong with low leverage, which can provide some resilience in tough times. Cash flow challenges are evident, with negative free cash flow worsening, highlighting operational inefficiencies.

Income Statement

The company experienced a significant decline in revenue over the past year, with revenue dropping from 323.7 million to 116.5 million, a decrease of approximately 64%. Gross profit margin is low, at 3.58%, indicating limited profitability. Net profit margin is negative due to a net loss of 6.36 million. EBIT and EBITDA margins are also negative, reflecting operational challenges.

Balance Sheet

The company's balance sheet shows a strong equity base with a positive equity ratio of approximately 94.1%. The debt-to-equity ratio is low at 0.004, indicating minimal leverage. Despite these strengths, total assets and stockholders' equity have decreased slightly, which could indicate stability issues if the trend continues.

Cash Flow

The company has negative free cash flow, which worsened from -4.71 million to -13.12 million, indicating cash flow challenges. The operating cash flow to net income ratio is negative, suggesting that the company is not generating enough cash from its operations to cover its losses. Free cash flow to net income ratio is also negative.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
139.01M	116.47M	323.72M	426.96M	390.23M	515.56M
	Gross Profit
5.45M	4.17M	4.00M	32.08M	39.42M	77.26M
	EBIT
-7.24M	-8.25M	-10.18M	13.28M	33.79M	59.97M
	EBITDA
-961.00K	-825.00K	-80.00K	23.70M	43.75M	66.51M
	Net Income Common Stockholders
-8.34M	-6.36M	-8.40M	11.97M	26.42M	48.03M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
27.15M	44.35M	57.26M	61.17M	86.38M	172.21M
	Total Assets
320.36M	321.94M	359.12M	380.55M	363.63M	368.13M
	Total Debt
896.00K	1.23M	2.21M	950.00K	587.00K	1.51M
	Net Debt
-24.03M	-41.03M	-52.94M	-52.50M	-74.32M	-170.71M
	Total Liabilities
26.24M	18.91M	49.74M	62.77M	57.83M	78.75M
	Stockholders Equity
294.13M	303.03M	309.38M	317.78M	305.81M	289.38M
Cash Flow		Free Cash Flow
-15.46M	-13.12M	-4.71M	-51.84M	-82.80M	-8.50M
	Operating Cash Flow
-9.55M	-13.11M	190.00K	-48.85M	-37.02M	5.92M
	Investing Cash Flow
-5.70M	1.67M	211.00K	28.37M	-49.13M	-17.70M
	Financing Cash Flow
-1.46M	-1.44M	-1.15M	-981.00K	-11.16M	82.79M

Sang Hing Holdings (International) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1472, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.99 is Neutral, neither overbought nor oversold. The STOCH value of 13.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1472.

Sang Hing Holdings (International) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$4.44B	12.06	5.34%	6.22%	4.17%	-11.81%
3789	62 Neutral	HK$64.80M	―	-0.23%	―	3.63%	-106.98%
1472	52 Neutral	HK$62.00M	―	-2.80%	―	-44.50%	53.11%
1630	49 Neutral	HK$67.50M	―	-19.09%	―	36.72%	-389.06%
1557	47 Neutral	HK$59.52M	―		―	-4.84%	-21.62%
1826	45 Neutral	HK$67.93M	6.89	-265.97%	―	141.76%	―
2195		HK$63.43M	―	-21.89%	―	―	―

Sang Hing Holdings (International) Ltd. Corporate Events

Sang Hing Holdings Secures Major Civil Engineering Project in Hong Kong

Sang Hing Holdings (International) Limited announced that its subsidiary, in a joint venture with Kuly Construction & Engineering Company Limited, has been awarded a tender for a civil engineering project in A Kung Ngam Village, Hong Kong. The project, valued at approximately HK$442.2 million, involves site formation and infrastructure works for public housing development, with an expected contract period from May 2025 to September 2029. This development could enhance the company’s market positioning in the civil engineering sector.

Sang Hing Holdings Secures Major Civil Engineering Contract in Hong Kong

Sang Hing Holdings (International) Limited announced that its wholly-owned subsidiary, Sang Hing Civil Contractors Company Limited, in a joint venture with Tapbo Civil Engineering Company Limited, has been awarded a tender for a significant civil engineering project in Kowloon East, Hong Kong. The project involves site formation and infrastructure works for public housing development in three urban squatter areas, with a contract sum of approximately HK$668 million and an expected completion date in October 2029. This development is a strategic move for the company, potentially enhancing its market position in the civil engineering sector.