KWG Group Holdings (HK:1813)
:1813
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KWG Group Holdings
(1813)
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Rating:43Neutral
Price Target:
HK$0.15
▼(-3.75% Downside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by weak financial performance: persistent losses, falling revenue, and extremely high leverage with a thin equity buffer, only partly offset by currently positive operating and free cash flow. Technicals add modest downside bias with the price below key moving averages and a negative MACD. Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Consistent positive operating and free cash flow
Sustained positive operating and free cash flow over 2022–2025 shows the business still generates internal liquidity despite accounting losses. Durable cash generation helps fund working capital, service near-term obligations and provides flexibility for restructuring or selective asset monetization over the next several months.
Negative Factors
Extreme leverage and rising debt-to-equity
Debt-to-equity around 43x is a structural solvency concern: it elevates refinancing risk, interest burden and reduces financial flexibility. Even with positive cash flow, such extreme leverage magnifies shocks, constrains investment capacity and raises the likelihood of asset sales or dilutive financings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive operating and free cash flow
Sustained positive operating and free cash flow over 2022–2025 shows the business still generates internal liquidity despite accounting losses. Durable cash generation helps fund working capital, service near-term obligations and provides flexibility for restructuring or selective asset monetization over the next several months.
Read all positive factors
KWG Group Holdings (1813) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$539.80M
Dividend YieldN/A
Average Volume (3M)1.24M
Price to Earnings (P/E)―
Beta (1Y)3.39
Revenue Growth-38.93%
EPS Growth59.60%
CountryHK
Employees1,800
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.95
Shares Outstanding3,418,884,000
10 Day Avg. Volume756,461
30 Day Avg. Volume1,238,692
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.27
Price to Sales (P/S)0.07
P/FCF Ratio0.21
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)-0.1
Revenue Forecast (FY)HK$10.36B
KWG Group Holdings Business Overview & Revenue Model
Company Description
KWG Group Holdings Limited, together with its subsidiaries, engages in the property investment and development and hotel operations business. Its property portfolio includes mid- to high-end residential properties, serviced apartments, villas, off...
How the Company Makes Money
Revenue is primarily generated through the development and sale of properties: the company acquires land-use rights, develops residential and/or commercial projects, and recognizes revenue from contracted property sales when the relevant accountin...
KWG Group Holdings Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.59B | 11.06B | 15.81B | 13.45B | 23.84B |
| Gross Profit | 984.60M | 1.89B | -2.64B | -2.10B | 5.05B |
| EBITDA | -2.69B | -4.53B | -14.42B | -10.18B | 1.27B |
| Net Income | -3.19B | -8.09B | -18.73B | -9.24B | 2.42B |
Balance Sheet | |||||
| Total Assets | 147.63B | 153.34B | 167.47B | 199.88B | 232.25B |
| Cash, Cash Equivalents and Short-Term Investments | 634.66M | 787.45M | 10.78B | 21.48B | 38.37B |
| Total Debt | 73.69B | 73.01B | 73.91B | 76.29B | 78.16B |
| Total Liabilities | 140.98B | 144.20B | 149.39B | 159.68B | 172.55B |
| Stockholders Equity | 1.70B | 4.00B | 12.73B | 31.50B | 44.32B |
Cash Flow | |||||
| Free Cash Flow | 2.20B | 1.66B | 985.27M | 10.04B | -1.93B |
| Operating Cash Flow | 2.22B | 1.93B | 1.07B | 11.23B | -21.82M |
| Investing Cash Flow | -600.16M | -55.02M | 1.81B | -2.81B | -34.09B |
| Financing Cash Flow | -1.59B | -2.51B | -5.46B | -12.83B | 1.23B |
KWG Group Holdings Technical Analysis
Negative
0.16
Price Trends
0.18
Negative
0.18
Negative
0.23
Negative
Market Momentum
>-0.01
Negative
48.44
Neutral
69.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1813, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.18, and below the 200-day MA of 0.23, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 69.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1813.
KWG Group Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | HK$532.00M | -0.40 | -44.38% | ― | 213.63% | -61.18% | |
43 Neutral | HK$409.69M | -0.06 | -35.32% | ― | -2.03% | -59.52% | |
43 Neutral | HK$539.80M | -0.09 | -55.49% | ― | -38.93% | 59.60% | |
42 Neutral | HK$466.66M | -0.29 | -13.99% | ― | -62.05% | -47.92% | |
40 Underperform | HK$357.90M | -0.04 | ― | ― | 7.94% | -10.86% | |
40 Underperform | HK$220.89M | <0.01 | -1029.68% | ― | -30.04% | ― |
* Real Estate Sector Average
HK:1813
KWG Group Holdings
0.16
-0.18
-52.84%
HK:2329
Guorui Properties Ltd
0.11
0.07
176.32%
HK:1777
Fantasia Holdings Group Co. Ltd.
0.06
>-0.01
-13.89%
HK:1243
Wang On Properties Ltd.
0.04
<0.01
6.06%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.15
-0.36
-70.53%
HK:3688
Top Spring International Holdings Limited
0.29
-0.04
-12.12%
KWG Group Holdings Corporate Events
KWG Group Sets 2026 AGM to Renew Board, Auditor and Seek Share Issue Mandate
Apr 27, 2026
KWG Group Holdings has convened its annual general meeting for 3 June 2026 in Guangzhou, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and receive reports from the board and the in...
KWG Group’s March Pre-Sales Plunge Over 56% Amid Property Market Strain
Apr 10, 2026
KWG Group Holdings reported unaudited pre-sales for March 2026 of RMB352 million, a steep 56.1% year-on-year decline, with contracted sales area dropping 42.9% to about 14,500 square meters. The figures highlight ongoing pressure on the developer&...
KWG Group Narrows Annual Loss but Revenue Halves Amid Property Slump
Mar 31, 2026
KWG Group Holdings reported a sharp decline in revenue to RMB 6.76 billion for the year ended 31 December 2025, down from RMB 11.06 billion a year earlier, as China’s property downturn continued to pressure sales and margins. The group’...
KWG Group Wins Full Independent Shareholder Backing for New KWG Living Framework Deals
Mar 30, 2026
KWG Group Holdings secured shareholder approval at its extraordinary general meeting on 30 March 2026 for three new framework agreements with its affiliated property management unit, KWG Living, covering residential property management, commercial...
KWG Group Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 19, 2026
KWG Group Holdings Limited has scheduled a board meeting for 31 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider whether to recommen...
KWG Group Wins Further Delay in Hong Kong Winding-Up Petition Hearing
Mar 9, 2026
KWG Group Holdings Limited has disclosed that the Hong Kong High Court has further adjourned the hearing of a winding-up petition against the company to 22 June 2026. The board said it will continue to update shareholders and investors on signific...
KWG Group’s February Pre-Sales Drop Over 30% Amid Market Headwinds
Mar 9, 2026
KWG Group Holdings reported unaudited pre-sales for February 2026 of RMB250 million across the group and its joint ventures and associates, a 30.7% decline from a year earlier. The corresponding pre-sales area fell 42.1% to about 13,600 square met...
KWG Group Calls EGM to Approve New Framework Deals With KWG Living
Mar 6, 2026
KWG Group Holdings has called an extraordinary general meeting in Guangzhou on 30 March 2026 for shareholders to vote on three new framework agreements with its affiliated KWG Living Group Holdings. These cover residential property management, com...
KWG Group Delays Despatch of Circular on Connected Transactions Again
Mar 3, 2026
KWG Group Holdings has announced a further postponement in sending a shareholder circular related to the renewal of its continuing connected transactions and associated non-exempt agreements. The circular, which will include recommendations from t...
KWG Group Secures Creditor Support for Major Offshore Debt Restructuring
Feb 23, 2026
KWG Group Holdings has reached an agreement in principle with an ad hoc group of creditors on key terms for a holistic restructuring of its offshore debt, marking a significant step in stabilising its capital structure. The ad hoc group represents...
KWG Group’s January Pre-Sales Slide 35% Amid Ongoing Property Market Strain
Feb 13, 2026
KWG Group Holdings reported unaudited pre-sales for January 2026 of RMB325 million, a 35.3% decline from a year earlier, with contracted floor area falling 10.9% to about 10,600 square meters. The sharper drop in value than area suggests weaker pr...
KWG Group Delays Despatch of Circular on Connected Transactions
Feb 13, 2026
KWG Group Holdings has announced a further postponement in sending a shareholder circular related to the renewal of its continuing connected transactions. The circular, which will include details of non-exempt agreements, independent board and fin...
KWG Group Board Completes Mandated Compliance Training After HKEX Disciplinary Action
Feb 11, 2026
KWG Group Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1813, operates in the property development sector. The board comprises executive directors led by chairman Kong Jianmin and CEO Kong Jiantao, a...
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.