Anchorstone Holdings Limited (1592) AI Stock Analysis

• Market Cap: HK$67.56M
• Dividend Yield: N/A
• Average Volume (3M): 1.80M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: 1.43%
• EPS Growth: -83.96%
• Country: HK
• Employees: 11
• Sector: Industrials
• Sector Strength: 73
• Industry: Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 2,412,963,000
• 10 Day Avg. Volume: 1,967,000
• 30 Day Avg. Volume: 1,796,833
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 43 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score reflects significant financial weaknesses, including negative equity and operational inefficiencies. While technical indicators show some positive momentum, the valuation is adversely impacted by negative earnings, highlighting substantial risk. Improvements in financial stability are essential for a more favorable outlook.

Anchorstone Holdings Limited Business Overview & Revenue Model

Company Description

Anchorstone Holdings Limited (1592) is a company primarily engaged in the supply and installation of stone materials in Hong Kong. The company delivers a comprehensive range of natural and synthetic stone products, which are used in various construction and interior projects. Its offerings cater to the needs of both commercial and residential developments, providing high-quality stone solutions that enhance the aesthetic and structural value of buildings.

How the Company Makes Money

Anchorstone Holdings Limited generates revenue through the sale and installation of stone materials. Its key revenue streams include the supply of stone products to construction companies, real estate developers, and interior designers. The company benefits from long-term relationships with suppliers and clients, ensuring a steady demand for its products. Additionally, Anchorstone may engage in strategic partnerships or collaborations with other industry players to extend its market reach and enhance its service offerings, further contributing to its earnings.

Anchorstone Holdings Limited Financial Statement Overview

Summary

Anchorstone Holdings Limited faces significant financial challenges, with ongoing revenue declines and operational inefficiencies. The balance sheet shows high leverage and negative equity, raising concerns about long-term solvency. Cash flow is inconsistent, with difficulties in generating sustainable cash flow relative to income.

Income Statement

The company has experienced significant revenue declines, with a sharp drop from 2020 to 2024. Gross profit margins have remained relatively stable, but EBIT and net profit margins are negative, indicating operational and net losses over multiple years. Both EBIT and EBITDA margins reflect ongoing losses, raising concerns about operational efficiency.

Balance Sheet

The balance sheet shows a troubling picture with negative stockholders' equity in 2024, indicating more liabilities than assets. The debt-to-equity ratio is not meaningful due to negative equity, and the company's leverage is high. The declining equity ratio suggests diminished financial stability and increased financial risk.

Cash Flow

The cash flow statement shows variability in operating cash flow, with a decline in 2024. Despite free cash flow being positive in recent years, the operating cash flow to net income ratio is weak due to ongoing net losses. The company struggles to generate sustainable cash flow relative to its income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.51M	77.20M	130.39M	91.94M	170.35M
Gross Profit	15.38M	23.95M	31.35M	11.17M	19.10M
EBITDA	-79.42M	-31.91M	-22.86M	-31.05M	-22.75M
Net Income	-86.37M	-40.45M	-32.34M	-79.51M	-67.52M
Balance Sheet
Total Assets	104.59M	190.27M	231.82M	274.64M	333.50M
Cash, Cash Equivalents and Short-Term Investments	308.00K	507.00K	1.14M	2.68M	218.00K
Total Debt	47.66M	60.08M	99.67M	125.11M	164.18M
Total Liabilities	158.69M	155.03M	178.20M	191.61M	209.51M
Stockholders Equity	-54.10M	35.24M	53.62M	83.02M	123.99M
Cash Flow
Free Cash Flow	3.71M	13.65M	9.63M	-2.00M	-18.36M
Operating Cash Flow	3.71M	13.65M	9.66M	1.96M	-18.31M
Investing Cash Flow	1.00K	2.00K	-24.00K	30.28M	4.80M
Financing Cash Flow	-4.17M	-13.46M	-11.25M	-27.78M	751.00K

Anchorstone Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1592, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1592.

Anchorstone Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9938	67 Neutral	HK$119.00M	7.02	8.46%	―	102.21%	―
8646	67 Neutral	HK$173.70M	2.55	11.61%	―	5.34%	43.91%
Sector *	64 Neutral	$10.75B	15.57	7.24%	2.01%	2.80%	-14.32%
1653	55 Neutral	HK$116.49M	―	-2.40%	―	-10.76%	-193.75%
1897	52 Neutral	HK$172.94M	19.14	1.73%	3.06%	-31.70%	-19.86%
1592	43 Neutral	HK$67.56M	―	-102.44%	―	1.43%	-83.96%
3313	39 Underperform	HK$186.06M	―	-46.79%	―	0.26%	69.65%

Anchorstone Holdings Limited Corporate Events

Anchorstone Holdings Clarifies Director Re-election Details

Anchorstone Holdings Limited has issued a clarification regarding a clerical error in its previous announcement about the re-election of directors during the annual general meeting. The corrected information specifies that Mr. Lui Yue Yun Gary and Ms. Lui Natalie Po Wai have been re-elected as Executive Directors, and Mr. Ko Tsz Kin as an Independent Non-Executive Director. This announcement ensures accurate communication to stakeholders and maintains transparency in the company’s governance processes.

Anchorstone Holdings Secures Unanimous Shareholder Support at AGM

Anchorstone Holdings Limited announced the successful passage of all resolutions during its Annual General Meeting held on June 30, 2025. The resolutions included the adoption of financial statements, reappointment of auditors, re-election of directors, and granting of mandates to issue and repurchase shares, all of which were unanimously approved by shareholders. This outcome reflects strong shareholder support and positions the company for continued operational and strategic initiatives.

Anchorstone Holdings Schedules Key AGM for June 2025

Anchorstone Holdings Limited has announced its upcoming annual general meeting scheduled for June 30, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of the company’s financial statements for 2024, reappointment of auditors, re-election of directors, and granting mandates for share issuance and repurchase. These resolutions are aimed at strengthening the company’s governance and operational flexibility, potentially impacting its market position and shareholder value.

Anchorstone Holdings Reports Significant Decline in 2024 Financial Results

Anchorstone Holdings Limited, a company incorporated in the Cayman Islands, announced its annual results for the year ended December 31, 2024. The company reported a significant decline in revenue from HK$77,199,000 in 2023 to HK$58,514,000 in 2024, with a corresponding decrease in gross profit from HK$23,949,000 to HK$15,384,000. The financial results indicate an operating loss of HK$80,514,000, exacerbated by substantial impairment losses on trade and retention receivables, contract assets, and right-of-use assets. The total comprehensive expense for the year was HK$86,498,000, reflecting a challenging financial period for the company.

Anchorstone Holdings Faces Delays in Annual Results Due to Staffing Shortages

Anchorstone Holdings Limited has announced a delay in the publication of its annual results for the year ended December 31, 2024, due to staffing shortages in its financial department. This delay has also affected the dispatch of the annual report, the scheduling of the board meeting, and could potentially lead to a suspension of trading. The company is actively working to address these issues by recruiting new financial personnel and collaborating with auditors to complete the necessary audit procedures.