B & S International Holdings Ltd. (1705) AI Stock Analysis

• Market Cap: HK$172.00M
• Dividend Yield: 12.66%
• Average Volume (3M): 107.07K
• Price to Earnings (P/E): 4.0
• Beta (1Y): 0.09
• Revenue Growth: 0.15%
• EPS Growth: -33.33%
• Country: HK
• Employees: 648
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Distribution
• EPS (TTM): 0.03
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 53,600
• 30 Day Avg. Volume: 107,066
• PEG Ratio: -0.16
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.27
• P/FCF Ratio: 1.94
• 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: 56 Neutral
• Price Target: HK$0.44 ▲(16.58% Upside)
• Action: Reiterated Date: 10/22/25
• Date: Action: Reiterated 10/22/25

The overall stock score is primarily influenced by the company's financial performance challenges, including declining revenue and profitability. Despite these issues, the stock's valuation is attractive with a low P/E ratio and high dividend yield, which provides some support. Technical analysis indicates a bearish trend with a lack of momentum, further impacting the score.

Positive Factors

Improved leverage management

An improving debt-to-equity ratio indicates the company has reduced leverage or managed liabilities better, lowering financial risk. Over 2-6 months this enhances resilience to volatility, preserves borrowing capacity for working capital or capex, and supports strategic flexibility in distribution operations.

Strong operating cash conversion

A strong operating cash flow-to-net-income ratio shows the business converts reported earnings into cash effectively, a durable quality. This supports ongoing working capital needs, dividend funding, and debt service even amid revenue pressure, helping sustain core distribution operations and supplier relationships.

Positive EBIT and EBITDA margins

Maintaining positive EBIT and EBITDA margins despite revenue headwinds signals underlying operational efficiency and cost control. This structural margin base gives management room to protect profitability, reinvest selectively, and restore scale if volumes recover, preserving long-term earnings capacity.

Negative Factors

Severe recent revenue decline

A steep revenue drop of ~57% represents a material loss of scale and market presence. Over months this undermines pricing leverage, increases unit costs, strains supplier terms, and limits ability to invest in growth or distribution capacity, making margin recovery and competitive positioning harder.

Declining profitability and ROE

Falling ROE and compressed margins reflect weakening returns on shareholder capital and diminished competitive economics. Persisting over quarters, this harms reinvestment potential, reduces capital allocation optionality, and can limit long-term growth unless structural margin drivers are restored.

Negative free cash flow growth

Negative free cash flow growth signals weakening cash generation momentum even if conversion ratios are currently strong. Over a multi-month horizon this can constrain dividends, capex, and debt reduction, forcing trade-offs that may impair operational improvements or strategic investments in the distribution network.

B & S International Holdings Ltd. Business Overview & Revenue Model

Company Description

B & S International Holdings Ltd., an investment holding company, engages in the distribution and retail of food and beverage products in Hong Kong. The company distributes sweets and candies, biscuits, cakes and pastries, instant drink powders, dried meat products, tea leaves, pasta, fresh eggs and condiments, etc. It distributes its products to various customers, including supermarkets, pharmacies, convenience stores, department stores, bakeries, confectionery stores, and trading companies. The company also operates retail outlets for various international food and beverage brands; and provides catering services. As of March 31, 2022, it had a total of 62 self-operated retail outlets. The company was founded in 1990 and is headquartered in Yau Tong, Hong Kong.

How the Company Makes Money

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B & S International Holdings Ltd. Financial Statement Overview

Summary

B & S International Holdings Ltd. faces challenges in revenue growth and profitability, as reflected in declining margins and negative revenue growth. The balance sheet shows improved leverage but reduced return on equity. Cash flow generation is efficient, though growth is negative. Overall, the company needs to address revenue and profitability pressures to enhance financial performance.

Income Statement

The company has experienced a significant decline in revenue growth, with a negative growth rate of -57.4% in the most recent year. Gross and net profit margins have also decreased compared to previous years, indicating pressure on profitability. However, the company maintains a positive EBIT and EBITDA margin, suggesting some operational efficiency.

Balance Sheet

The debt-to-equity ratio has improved over the years, indicating better leverage management. The return on equity has decreased, reflecting lower profitability. The equity ratio remains stable, suggesting a balanced capital structure.

Cash Flow

Free cash flow growth is negative, indicating challenges in generating cash. However, the operating cash flow to net income ratio is strong, suggesting efficient cash generation from operations. The free cash flow to net income ratio remains high, indicating good cash conversion.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	504.75M	520.81M	486.80M	468.24M	483.07M
Gross Profit	110.90M	121.94M	105.12M	77.08M	53.52M
EBITDA	68.73M	85.46M	82.21M	60.89M	76.99M
Net Income	17.79M	33.60M	27.75M	596.00K	583.00K
Balance Sheet
Total Assets	263.23M	267.25M	267.67M	251.81M	275.68M
Cash, Cash Equivalents and Short-Term Investments	55.38M	50.60M	76.36M	55.22M	45.07M
Total Debt	59.29M	58.84M	71.35M	81.40M	104.91M
Total Liabilities	105.26M	104.69M	118.99M	120.87M	145.01M
Stockholders Equity	154.13M	158.35M	144.74M	126.99M	126.39M
Cash Flow
Free Cash Flow	69.11M	54.71M	82.77M	72.71M	92.17M
Operating Cash Flow	74.52M	59.00M	89.10M	76.43M	100.41M
Investing Cash Flow	-3.70M	-1.91M	-6.97M	-4.07M	-8.22M
Financing Cash Flow	-66.04M	-82.12M	-61.30M	-62.23M	-85.59M

B & S International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.38
• 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:1705, the sentiment is Positive. The current price of 0.38 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.39, and below the 200-day MA of 0.38, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.19 is Neutral, neither overbought nor oversold. The STOCH value of 64.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1705.

B & S International Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1587	71 Outperform	HK$408.00M	5.00	8.56%	3.63%	3.24%	47.81%
8413	65 Neutral	HK$209.16M	-71.66	0.74%	―	-1.30%	-61.11%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
0677	58 Neutral	HK$594.09M	-6.17	-2.70%	6.67%	0.09%	-274.36%
1705	56 Neutral	HK$172.00M	3.97	11.11%	12.66%	0.15%	-33.33%
0060	50 Neutral	HK$138.05M	-4.28	-3.76%	―	-13.76%	-7.06%
8491	48 Neutral	HK$183.36M	188.51	-15.80%	―	-2.25%	58.33%