Vico International Holdings Ltd. (1621) AI Stock Analysis

• Market Cap: HK$101.00M
• Dividend Yield: N/A
• Average Volume (3M): 541.60K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.30
• Revenue Growth: 35.45%
• EPS Growth: 13.60%
• Country: HK
• Employees: 29
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): <0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 1,205,600
• 30 Day Avg. Volume: 541,600
• PEG Ratio: -0.57
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.08
• 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: 73 Outperform
• Price Target: ―

Vico International Holdings Ltd.'s overall stock score is largely supported by its solid financial performance and attractive valuation, despite some technical weakness. The strong revenue growth and healthy balance sheet are key strengths, while the low P/E ratio offers potential upside if operational efficiencies improve. Technical indicators suggest caution in the short-term, but the long-term prospects remain positive.

Vico International Holdings Ltd. Business Overview & Revenue Model

Company Description

Vico International Holdings Limited, an investment holding company, distributes third-party branded petrochemicals primarily in Hong Kong, Macau, Vietnam, and Malaysia. It offers diesel; lubricant oils, including self-branded lubricant and third-party branded lubricant oils; and other petrochemicals, such as bitumen, as well as kerosene. The company also provides fleet card and transportation services. As of March 31, 2022, it operated a total number of 51, 259 fleet card accounts. The company was formerly known as Rico International Holdings Limited and changed its name to Vico International Holdings Limited in May 2017. The company was founded in 1977 and is headquartered in Cheung Sha Wan, Hong Kong. Vico International Holdings Limited is a subsidiary of Max Fortune Holdings Limited.

How the Company Makes Money

Vico International Holdings Ltd. generates revenue through the sale and distribution of fuel products to industrial and commercial customers. The company's primary revenue stream comes from supplying diesel, gasoline, and kerosene, leveraging its strategic distribution channels. Additionally, the company offers fleet card services, which provide a steady stream of income through transaction fees and service charges. These cards offer convenience and financial management solutions to businesses with vehicle fleets, allowing them to track fuel expenses and manage payments efficiently. Strategic partnerships with fuel suppliers and logistics companies enhance the company's ability to maintain a stable supply chain and competitive pricing, contributing to its overall earnings.

Vico International Holdings Ltd. Financial Statement Overview

Summary

Vico International Holdings Ltd. showcases robust revenue growth and maintains a strong balance sheet with low leverage. While profitability metrics indicate improvement, there is potential for enhancing operational efficiency. Cash flow generation is strong but exhibits volatility, requiring careful management. Overall, the company is on a positive trajectory with stable financial health.

Income Statement

Vico International Holdings Ltd. has shown strong revenue growth of 56.8% from the previous year, coupled with a stable gross profit margin of 3.0%. The net profit margin improved to 1.1%, indicating better profitability. However, the EBIT and EBITDA margins are relatively low at 1.3% and 2.1% respectively, suggesting room for improving operational efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.16, reflecting manageable debt levels. The return on equity is moderate at 7.7%, and the equity ratio is strong at 80.5%, indicating financial stability and strong shareholder equity.

Cash Flow

Operating cash flow increased significantly, with a strong free cash flow growth. The operating cash flow to net income ratio is high at 0.6, and the free cash flow to net income ratio is 0.5, demonstrating solid cash generation. However, fluctuations in cash flow components suggest potential volatility.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	1.60B	1.02B	1.37B	816.37M	1.05B
Gross Profit	48.34M	44.69M	43.48M	47.16M	46.94M
EBITDA	32.73M	22.66M	21.81M	30.78M	28.98M
Net Income	16.93M	8.80M	9.17M	18.34M	16.01M
Balance Sheet
Total Assets	273.17M	260.82M	267.96M	245.91M	217.92M
Cash, Cash Equivalents and Short-Term Investments	39.95M	42.16M	54.63M	56.24M	67.12M
Total Debt	35.16M	46.30M	63.37M	37.20M	32.62M
Total Liabilities	53.15M	57.73M	73.67M	50.78M	41.13M
Stockholders Equity	220.02M	203.09M	194.29M	195.13M	176.78M
Cash Flow
Free Cash Flow	8.72M	2.23M	24.44M	14.73M	4.83M
Operating Cash Flow	10.11M	3.73M	26.84M	21.07M	19.74M
Investing Cash Flow	3.91M	-7.01M	-38.94M	-36.30M	-13.32M
Financing Cash Flow	-12.60M	-17.58M	10.48M	4.35M	4.63M

Vico International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 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:1621, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.27 is Neutral, neither overbought nor oversold. The STOCH value of 75.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1621.

Vico International Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1621	73 Outperform	HK$101.00M	7.11	6.40%	―	35.45%	13.60%
Sector *	67 Neutral	$15.07B	9.71	6.33%	5.26%	4.07%	-67.00%
CLSZF	―	$98.71M	3.70	4.81%	―	―	―
K20A	―	€38.67M	―	-7.06%	48.19%	―	―
2337	68 Neutral	HK$674.10M	9.17	13.86%	2.22%	3.42%	70.99%
2728	―	HK$124.74M	17.33	-31.25%	―	―	―
0332	33 Underperform	HK$137.46M	―	-2465.61%	―	-68.87%	-635.59%

Vico International Holdings Ltd. Corporate Events

Vico International Appoints Ms. Ng to Nomination Committee

Vico International Holdings Ltd. has announced the appointment of Ms. Ng Wing Sze Vince as a member of its Nomination Committee, effective March 28, 2025. Ms. Ng, who is already an independent non-executive director and serves on the remuneration and audit committees, is expected to enhance the Nomination Committee’s effectiveness with her extensive experience and expertise.

Vico International Holdings Announces Board Composition and Committee Roles

Vico International Holdings Limited has announced the composition and roles of its board of directors. The board comprises executive, non-executive, and independent non-executive directors, with Mr. Hui Pui Sing serving as Chairman and Mr. Hui Yip Ho Eric as the Chief Executive Officer. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned as members or chairpersons of these committees. This announcement provides clarity on the governance structure of Vico International Holdings, which may impact its strategic decision-making and operational oversight.

Vico International Enhances Governance with New Nomination Committee

Vico International Holdings Limited has established a Nomination Committee to enhance its governance structure. The committee, formed in 2018, will consist of at least three members, primarily independent non-executive directors, and aims to ensure diversity and independence in its composition. This move is expected to strengthen the company’s board governance and align with best practices in corporate oversight.