MOS House Group Limited (1653) AI Stock Analysis

• Market Cap: HK$976.54M
• Dividend Yield: N/A
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): 18.0
• Beta (1Y): -0.25
• Revenue Growth: -0.28%
• EPS Growth: -469.70%
• Country: HK
• Employees: 37
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.01
• Shares Outstanding: 288,917,000
• 10 Day Avg. Volume: 331,869
• 30 Day Avg. Volume: 1,017,089
• PEG Ratio: 0.13
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 7.63
• 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: 58 Neutral
• Price Target: HK$3.50 ▲(48.31% Upside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is primarily held back by weak financial performance: declining revenue, margin deterioration into recent net losses, and weakened cash generation alongside leverage risk. Technicals are moderately supportive with price above key moving averages, but momentum indicators are mixed. Valuation appears mid-range (P/E ~18) with no dividend yield data to add support.

Positive Factors

Integrated turnkey services

MOS House's end-to-end fit-out model (project management through installation) creates durable customer relationships and higher scope control. This integrated offering can improve margin capture, reduce subcontractor coordination risk, and support repeat business across commercial office refurb cycles.

Operational efficiency (EBITDA)

A reasonable EBITDA margin implies MOS House can cover fixed overheads and deliver projects efficiently despite gross-margin pressure. Sustained project execution efficiency supports cash generation potential and provides a foundation for margin recovery if top-line stabilizes.

Stable equity ratio / improved leverage trend

A stable equity ratio plus an improving debt-to-equity trend provides a structural buffer versus peers. Improved leverage reduces near-term refinancing stress and preserves borrowing capacity, giving the company time to restore profitability without immediate balance sheet restructuring.

Negative Factors

Declining revenue

A roughly 28% revenue decline signals weakened demand or loss of project share, directly reducing scale economics in a project-driven business. Sustained top-line contraction limits ability to recover fixed costs, reduces bargaining leverage with suppliers, and makes margin recovery harder over months.

Profitability deterioration

Negative net margins and ROE reflect that core operations no longer generate shareholder returns. Persistent unprofitable project pricing or cost overruns will erode equity, constrain reinvestment, and raise required returns from clients or lenders, hampering sustainable business growth.

Weakened cash generation

Declining free cash flow and low operating-cash-to-income indicate earnings are not converting to cash reliably. In a contract-heavy business, weak cash conversion raises liquidity risk, limits ability to fund working capital for new projects, and increases vulnerability given existing leverage.

MOS House Group Limited Business Overview & Revenue Model

Company Description

MOS House Group Limited, an investment holding company, engages in the retail and supply of various tiles in Hong Kong and Macau. The company specializes in porcelain, ceramic, and mosaic tiles. It also provides bathroom fixtures. The company operates 15 retail shops for home improvement, remodelling, and furnishing materials. It serves project customers and distributors. The company was formerly known as RBMS Group Limited and changed its name to MOS House Group Limited in January 2018. The company was founded in 1998 and is headquartered in Wan Chai, Hong Kong. MOS House Group Limited is a subsidiary of RB Power Limited.

How the Company Makes Money

MOS House Group Limited generates revenue through multiple key streams, primarily from leasing and property management services. The company earns rental income from its portfolio of residential and commercial properties, which is supplemented by management fees charged to property owners for managing their assets. Additionally, MOS House Group Limited may engage in property development projects, generating profits from the sale of developed properties or from value appreciation over time. Strategic partnerships with local contractors and real estate agencies further enhance its market reach, while a focus on sustainability may attract tenants willing to pay premium rents for eco-friendly buildings, contributing positively to its earnings.

MOS House Group Limited Financial Statement Overview

Summary

Income statement shows inconsistent revenue with a recent decline and margins compressing into a negative net profit margin. Balance sheet is moderately stable but leverage remains a concern and ROE has turned negative. Cash flow has weakened with a significant free cash flow decline and low operating cash flow relative to net income.

Income Statement

MOS House Group Limited has shown inconsistent revenue growth with a recent decline in revenue. The gross profit margin has decreased over the years, indicating pressure on cost management. The net profit margin has turned negative in the latest period, highlighting profitability challenges. However, the company maintains a reasonable EBITDA margin, suggesting some operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved but remains relatively high, indicating leverage risk. Return on equity has turned negative, reflecting recent net losses. The equity ratio is stable, suggesting a balanced asset structure. Overall, the balance sheet shows moderate financial stability with some leverage concerns.

Cash Flow

Free cash flow has significantly declined, raising concerns about cash generation. The operating cash flow to net income ratio is low, indicating potential cash flow issues relative to earnings. However, the company has maintained a positive free cash flow to net income ratio, suggesting some ability to generate cash despite profitability challenges.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	109.39M	122.58M	153.94M	165.83M	147.01M
Gross Profit	54.98M	30.35M	81.59M	96.56M	93.01M
EBITDA	29.81M	46.85M	48.45M	62.25M	64.73M
Net Income	-3.40M	2.16M	1.41M	11.87M	10.05M
Balance Sheet
Total Assets	314.10M	316.99M	306.07M	279.52M	239.73M
Cash, Cash Equivalents and Short-Term Investments	1.38M	71.01M	6.26M	2.03M	10.55M
Total Debt	137.39M	130.25M	150.28M	110.24M	77.05M
Total Liabilities	174.08M	173.57M	178.71M	154.67M	126.76M
Stockholders Equity	140.02M	143.42M	127.36M	124.85M	112.98M
Cash Flow
Free Cash Flow	14.15M	32.47M	16.06M	33.41M	45.97M
Operating Cash Flow	14.46M	32.88M	17.34M	36.59M	47.58M
Investing Cash Flow	472.00K	254.00K	-1.27M	-34.11M	-1.07M
Financing Cash Flow	-10.84M	-38.27M	-16.05M	-14.20M	-81.53M

MOS House Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1653, the sentiment is Positive. The current price of 2.36 is below the 20-day moving average (MA) of 2.87, below the 50-day MA of 2.81, and above the 200-day MA of 1.46, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 68.11 is Neutral, neither overbought nor oversold. The STOCH value of 80.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1653.

MOS House Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9938	75 Outperform	HK$138.00M	5.19	10.12%	―	14.65%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8646	62 Neutral	HK$153.85M	1.77	11.61%	―	5.34%	43.91%
1653	58 Neutral	HK$976.54M	18.00	-3.78%	―	-0.28%	-469.70%
1897	53 Neutral	HK$202.97M	53.04	0.62%	2.34%	-48.30%	-75.98%
1592	38 Underperform	HK$47.78M	-2.03	148.20%	―	1.43%	-83.97%

MOS House Group Limited Corporate Events

MOS House Group Limited Announces Key Non-Executive Director Appointments

MOS House Group Limited has announced the appointment of Ms. Wang Chunmei and Mr. He Qihang as non-executive Directors, effective December 17, 2025. Both appointees bring extensive expertise in areas such as sales management, cross-border strategy development, corporate governance, and investment research. Their initial responsibilities will include conducting feasibility studies and contributing strategic insight to the development of the company’s proposed supercomputing center, which aims to bolster AI research and data analytics capabilities, likely enhancing MOS House Group’s competitive positioning within the industry.

The most recent analyst rating on (HK:1653) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on MOS House Group Limited stock, see the HK:1653 Stock Forecast page.

MOS House Group Limited Restructures Board for Enhanced Governance

MOS House Group Limited announced changes to its board of directors and the establishment of four standing board committees to strengthen governance practices. This restructuring indicates the company’s focus on enhancing its leadership framework and operational transparency, which could positively impact its industry positioning and offer increased confidence to stakeholders.

The most recent analyst rating on (HK:1653) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on MOS House Group Limited stock, see the HK:1653 Stock Forecast page.