MOS House Group Limited (1653) AI Stock Analysis

• Market Cap: HK$910.09M
• Dividend Yield: N/A
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): 18.0
• Beta (1Y): -0.28
• 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

Focused fit-out services

A clear, focused business model delivering turnkey commercial fit-out and renovation projects supports repeat client relationships and contract-based revenue recognition. This specialization creates durable operational know-how and procurement/supply relationships that sustain competitive delivery over months.

Operational EBITDA resilience

Despite declining gross and net margins, a reasonable EBITDA margin indicates core project execution and cost structures retain some efficiency. That operating resilience supports cash generation and a platform to restore profitability if revenue stabilizes or fixed costs are managed over the next several months.

Improving leverage metric

An improving debt-to-equity trend reduces immediate refinancing risk and interest burden, increasing financial flexibility to bid for larger projects or negotiate supplier terms. Continued de-leveraging would strengthen balance sheet durability across the medium term.

Negative Factors

Declining revenue trend

A near-28% revenue decline materially reduces scale and margin leverage for a project-based contractor. Persisting revenue contraction limits bidding power, raises per-project fixed cost absorption, and makes recovery over a 2–6 month horizon more difficult absent new contract wins or pricing improvements.

Profitability deterioration

Negative net margins and ROE signal capital erosion from recent losses, constraining retained earnings and reinvestment capacity. For a construction/fit-out firm, sustained unprofitability impairs ability to fund working capital for projects and weakens credit standing with clients and suppliers.

Weak cash generation

Significantly lower free cash flow and weak operating cash relative to earnings increase liquidity risk in a project-heavy business. This can force reliance on external financing, tighten working capital for project execution, and raise the chance of delayed supplier or subcontractor payments.

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 mainly makes money by earning contract revenue from commercial fitting-out and renovation projects. Its core revenue stream is derived from providing turnkey fit-out services (including project management, site supervision, procurement and installation of interior finishes, and coordination of subcontractors) for office and other commercial premises. Revenue is typically recognized based on progress and completion under customer contracts, reflecting the value of work performed. The company’s earnings are influenced by the number and size of projects secured, contract pricing and variation orders, the cost of materials and subcontracting, labor and project management efficiency, and overall demand for commercial office fit-out and renovation work. Specific information on major partnerships or other distinct revenue streams beyond contracting for fitting-out/renovation services is null.

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: Neutral

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 3.05, below the 50-day MA of 2.97, and above the 200-day MA of 1.57, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 57.96 is Neutral, neither overbought nor oversold. The STOCH value of 56.79 is Neutral, 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	74 Outperform	HK$153.00M	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$184.34M	1.77	11.46%	―	5.34%	43.91%
1653	58 Neutral	HK$910.09M	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%