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

• Market Cap: HK$59.00M
• Dividend Yield: N/A
• Average Volume (3M): 489.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -44.50%
• EPS Growth: 53.11%
• Country: HK
• Employees: 143
• Sector: Industrials
• Sector Strength: 89
• Industry: Engineering & Construction
• EPS (TTM): 0.00
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 293,500
• 30 Day Avg. Volume: 489,500
• 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) Ltd. (1472) is a Hong Kong-based company primarily engaged in the provision of engineering services. The company specializes in civil engineering works, including site formation, road and drainage works, and waterworks. It serves various public and private sector clients, contributing to infrastructure development in the region.

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
EBITDA	-961.00K	-825.00K	-80.00K	23.70M	43.75M	66.51M
Net Income	-8.34M	-6.36M	-8.40M	11.97M	26.42M	48.03M
Balance Sheet
Total Assets	320.36M	321.94M	359.12M	380.55M	363.63M	368.13M
Cash, Cash Equivalents and Short-Term Investments	27.15M	44.35M	57.26M	61.17M	86.38M	172.21M
Total Debt	896.00K	1.23M	2.21M	950.00K	587.00K	1.51M
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: 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 0.06, 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 48.75 is Neutral, neither overbought nor oversold. The STOCH value of 26.98 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
0842	80 Outperform	HK$3.52B	5.50	12.91%	5.69%	17.69%	3.08%
1995	77 Outperform	HK$3.75B	7.26	9.70%	6.16%	2.68%	8.41%
1420	63 Neutral	HK$188.25M	4.31	8.41%	―	19.15%	106.56%
Sector *	58 Neutral	HK$14.16B	4.53	-3.01%	6.82%	3.67%	-54.16%
1472	52 Neutral	HK$59.00M	―	-3.05%	―	-44.50%	53.11%
1633	50 Neutral	HK$39.72M	―	-5.47%	―	-10.14%	-105.63%
1310	50 Neutral	HK$7.41B	56.37	4.51%	6.19%	-2.02%	―

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.