SH Group (Holdings) Limited (HK:1637)
:1637
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SH Group (Holdings) Limited
(1637)
Select Model
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Rating:67Neutral
Price Target:
HK$0.41
▲(76.96% Upside)
Action:ReiteratedDate:03/24/26
The score is driven mainly by improving financial health (profitability returning, strong cash flow rebound, and very low leverage) and supportive price momentum (trading above key moving averages with positive MACD). These positives are tempered by weak/unclear valuation signals (negative P/E and no dividend yield data) and the fundamental risk of shrinking revenue and thin margins.
Positive Factors
Conservative Balance Sheet
Extremely low leverage provides durable financial flexibility for an engineering & construction firm. It reduces refinancing and covenant risk, supports bond/bid capacity for projects, and allows management to withstand cyclical revenue swings without urgent deleveraging.
Negative Factors
Shrinking Revenue
Material top-line decline reduces scale, weakens pricing leverage, and can erode long-term competitive position. For an engineering group, sustained revenue contraction risks lower backlog, underutilized capacity, and makes it harder to absorb fixed costs, pressuring margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage provides durable financial flexibility for an engineering & construction firm. It reduces refinancing and covenant risk, supports bond/bid capacity for projects, and allows management to withstand cyclical revenue swings without urgent deleveraging.
Read all positive factors
SH Group (Holdings) Limited (1637) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$166.00M
Dividend YieldN/A
Average Volume (3M)51.60K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue Growth-40.54%
EPS GrowthN/A
CountryHK
Employees157
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.01
Shares Outstanding400,000,000
10 Day Avg. Volume8,400
30 Day Avg. Volume51,600
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.21
Price to Sales (P/S)0.08
P/FCF Ratio0.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SH Group (Holdings) Limited Business Overview & Revenue Model
Company Description
SH Group (Holdings) Limited, an investment holding company, provides electrical and mechanical (E&M) engineering services for public and private sectors in Hong Kong. It engages in the supply, installation, and maintenance of mechanical ventilatio...
SH Group (Holdings) Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
76
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 443.04M | 608.49M | 876.18M | 954.25M | 753.33M | 707.59M |
| Gross Profit | 36.97M | 32.97M | 16.29M | 8.66M | 45.60M | 61.40M |
| EBITDA | 15.18M | 10.84M | -13.83M | -10.45M | 23.86M | 45.04M |
| Net Income | 10.21M | 5.39M | -15.21M | -11.00M | 11.73M | 44.13M |
Balance Sheet | ||||||
| Total Assets | 370.38M | 378.04M | 495.45M | 506.74M | 508.11M | 512.38M |
| Cash, Cash Equivalents and Short-Term Investments | 150.77M | 99.87M | 44.63M | 114.46M | 249.54M | 241.04M |
| Total Debt | 2.37M | 534.00K | 37.59M | 630.00K | 2.75M | 4.34M |
| Total Liabilities | 140.01M | 143.75M | 266.54M | 262.62M | 217.28M | 217.68M |
| Stockholders Equity | 230.37M | 234.29M | 228.91M | 244.12M | 290.84M | 294.70M |
Cash Flow | ||||||
| Free Cash Flow | 80.52M | 88.51M | -119.71M | -118.04M | 46.06M | 138.60M |
| Operating Cash Flow | 80.51M | 88.52M | -119.39M | -117.51M | 46.42M | 138.84M |
| Investing Cash Flow | 4.05M | 3.04M | 71.83M | -50.22M | -15.14M | -25.72M |
| Financing Cash Flow | -12.04M | -38.68M | 30.84M | -20.44M | -17.78M | -16.44M |
SH Group (Holdings) Limited Technical Analysis
Positive
0.23
Price Trends
0.33
Positive
0.27
Positive
0.22
Positive
Market Momentum
0.02
Positive
64.68
Neutral
57.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1637, the sentiment is Positive. The current price of 0.23 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.33, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 64.68 is Neutral, neither overbought nor oversold. The STOCH value of 57.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1637.
SH Group (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$166.00M | -5.15 | 4.40% | ― | -40.54% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$181.50M | 23.50 | -16.01% | ― | -28.21% | 34.59% | |
51 Neutral | HK$66.00M | -1.24 | -4.84% | ― | 71.16% | -67.47% | |
50 Neutral | HK$114.36M | 13.37 | -61.28% | ― | -0.64% | 13.72% | |
46 Neutral | HK$74.13M | -1.08 | -12.80% | ― | 11.27% | -1272.22% | |
44 Neutral | HK$255.74M | -7.35 | 13.76% | ― | 11.52% | 98.72% |
* Industrials Sector Average
HK:1637
SH Group (Holdings) Limited
0.42
0.30
251.69%
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50.00%
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SH Group (Holdings) Limited Corporate Events
SH Group Declares HK$20 Million Special Interim Dividend to Boost Investor Confidence
Mar 9, 2026
SH Group (Holdings) Limited has declared a special interim dividend of HK5.0 cents per share, totaling HK$20.0 million, following a board meeting on 9 March 2026. The board said it reached the decision after reviewing the company’s financial...
SH Group Declares Special Interim Dividend of HK$0.05 per Share
Mar 9, 2026
SH Group (Holdings) Limited has declared a special interim cash dividend of HK$0.05 per share, payable in Hong Kong dollars, underscoring its current capacity and willingness to return surplus capital directly to shareholders. The stock will trade...
SH Group Wins HK$102 Million Five-Year Air-Conditioning Works Contract
Feb 27, 2026
SH Group (Holdings) Limited has announced that its indirect wholly owned subsidiary, Shun Hing E M Engineering Limited, has secured a five-year contract for air-conditioning plants fitting-out, replacement and improvement works at various venues....
SH Group Sets March Board Meeting to Consider Special Interim Dividend
Feb 24, 2026
SH Group (Holdings) Limited has scheduled a board meeting for 9 March 2026 to consider, among other matters, the declaration of a special interim dividend. The company said it will issue a further announcement detailing the dividend arrangements i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.