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

• Market Cap: HK$91.00M
• Dividend Yield: N/A
• Average Volume (3M): 141.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: 71.16%
• EPS Growth: -67.47%
• Country: HK
• Employees: 143
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 111,500
• 30 Day Avg. Volume: 141,833
• PEG Ratio: -0.12
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -3.63
• 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$0.11 ▲(76.67% Upside)

The score is driven primarily by mixed financial performance: strong revenue growth is offset by ongoing losses and weak operating/free cash flow, despite a low-leverage balance sheet. Technicals are supportive with price well above moving averages and positive MACD, but overbought RSI/Stoch readings add near-term risk. Valuation is constrained by a negative P/E that reflects lack of profitability, and no dividend yield data is available.

Positive Factors

Revenue Growth

Sustained, high revenue expansion demonstrates strengthening product-market fit and distribution reach. Over a multi-month horizon this growth can generate scale economies, improve supplier negotiating power, and provide a base to invest in margin expansion and operational leverage if cash conversion improves.

Conservative Capital Structure

A very low leverage profile and solid equity ratio reduce refinancing and solvency risk. Structurally, this gives management optionality to fund capex, absorb shocks, or pursue strategic investments without immediate debt pressure, improving resilience across business cycles.

Diversified Sales & Logistics

Multiple revenue streams (retail, wholesale, e-commerce), supplier partnerships and in-house logistics create durable distribution advantages. This diversification lowers single-channel dependence, supports margin management through sourcing leverage, and aids international scaling over months.

Negative Factors

Negative Profitability

Persistent negative net profit and EBIT margins indicate the core business currently fails to generate returns on operations. Over time this undermines reinvestment capacity, investor confidence and the ability to fund growth internally, making sustained turnaround and ROE improvement challenging.

Weak Cash Generation

Ongoing negative operating and free cash flow signal structural cash burn that limits self-funded investment and working-capital resilience. Even with low leverage, persistent negative cash conversion risks reliance on external financing and constrains long-term margin-improvement initiatives.

Earnings Volatility

A sharp decline in EPS reflects volatile or deteriorating earnings quality. Structurally, volatile profitability makes planning and capital allocation harder, increases execution risk for margin recovery, and can deter long-term investors seeking predictable returns over the next several months.

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 generates revenue through multiple streams, including direct sales of its consumer products to retailers and wholesalers, as well as through e-commerce platforms. The company's revenue model is bolstered by strategic partnerships with manufacturers and suppliers, allowing it to offer competitive pricing and a wide product range. Additionally, the company benefits from its logistics and distribution capabilities, which enhance operational efficiency and reduce costs. Seasonal promotions and marketing strategies also play a vital role in driving sales, particularly during peak shopping periods.

Sang Hing Holdings (International) Ltd. Financial Statement Overview

Summary

Revenue growth is strong (+40.12%), but profitability remains weak with negative net profit and EBIT margins. The balance sheet is conservatively levered (very low debt-to-equity) with a strong equity ratio, yet negative ROE and negative operating/free cash flow point to ongoing earnings quality and cash generation risk.

Income Statement

Sang Hing Holdings has experienced significant revenue growth of 40.12% in the latest period, indicating a positive trend. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin is low, and the company has been unable to maintain consistent profitability over the years.

Balance Sheet

The company maintains a very low debt-to-equity ratio, suggesting conservative leverage and financial stability. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is strong, reflecting a solid capital structure.

Cash Flow

Sang Hing Holdings faces challenges with cash flow, as indicated by negative operating cash flow and free cash flow. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow management remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	194.78M	194.78M	116.47M	323.72M	426.96M	390.23M
Gross Profit	3.12M	3.77M	4.17M	4.00M	32.08M	39.42M
EBITDA	-1.35M	-58.00K	-825.00K	-80.00K	23.70M	43.75M
Net Income	-9.10M	-9.10M	-6.36M	-8.40M	11.97M	26.42M
Balance Sheet
Total Assets	331.38M	331.38M	321.94M	359.12M	380.55M	363.63M
Cash, Cash Equivalents and Short-Term Investments	29.22M	29.22M	44.35M	57.26M	61.17M	86.38M
Total Debt	561.00K	561.00K	1.23M	2.21M	950.00K	587.00K
Total Liabilities	37.45M	37.45M	18.91M	49.74M	62.77M	57.83M
Stockholders Equity	293.93M	293.93M	303.03M	309.38M	317.78M	305.81M
Cash Flow
Free Cash Flow	-12.40M	-12.40M	-13.12M	-4.71M	-51.84M	-82.80M
Operating Cash Flow	-5.07M	-5.07M	-13.11M	190.00K	-48.85M	-37.02M
Investing Cash Flow	-7.28M	-7.12M	1.67M	211.00K	28.37M	-49.13M
Financing Cash Flow	-1.08M	-1.38M	-1.44M	-1.15M	-981.00K	-11.16M

Sang Hing Holdings (International) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 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:1472, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 70.55 is Neutral, 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 *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1630	53 Neutral	HK$130.50M	-7.19	-14.78%	―	-28.21%	34.59%
1472	50 Neutral	HK$91.00M	-6.55	-4.84%	―	71.16%	-67.47%
1557	49 Neutral	HK$206.40M	-9.00	―	―	-52.58%	69.44%
3789	49 Neutral	HK$117.60M	196.00	0.18%	―	-2.05%	―
1826	44 Neutral	HK$259.74M	-487.50	―	―	11.52%	98.72%
2195	43 Neutral	HK$76.96M	-2.41	-19.00%	―	48.86%	54.49%

Sang Hing Holdings (International) Ltd. Corporate Events

Sang Hing Holdings Reports Revenue Growth Amid Rising Losses

Sang Hing Holdings (International) Limited announced its unaudited interim results for the six months ended 30 September 2025, reporting a significant increase in revenue by 48.1% compared to the same period in 2024. Despite the revenue growth, the company experienced a substantial increase in losses, with a 53.9% rise in loss attributable to owners, indicating challenges in managing costs and operational efficiency.

The most recent analyst rating on (HK:1472) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Sang Hing Holdings (International) Ltd. stock, see the HK:1472 Stock Forecast page.

Sang Hing Holdings Issues Profit Warning Amid Rising Costs

Sang Hing Holdings (International) Limited has issued a profit warning, indicating an expected net loss of not more than HK$14 million for the six months ended 30 September 2025. This represents a 55% increase in net loss compared to the same period in 2024, primarily due to higher staff costs and additional expenses related to project bidding. The company is still finalizing its interim results, which are expected to be published on 27 November 2025. Stakeholders are advised to exercise caution when dealing with the company’s shares.

Sang Hing Holdings Announces Board Meeting to Review Interim Results

Sang Hing Holdings (International) Limited has announced a board meeting scheduled for November 27, 2025. The meeting will address the approval of the company’s unaudited interim results for the six months ending September 30, 2025, and the potential declaration of an interim dividend. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and potential returns.