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KWG Group Holdings
(1813)
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Rating:39Underperform
Price Target:
HK$0.10
▼(-40.63% Downside)
Action:Downgraded
Date:07/01/26
The score is primarily weighed down by severe balance-sheet leverage and ongoing losses amid declining revenue. Technicals add additional pressure as the stock trades below all major moving averages, reinforcing a downtrend. Valuation provides little support because the company is loss-making (negative P/E) and no dividend yield is available in the data.
Positive Factors
Operating cash generation
Consistent positive operating cash flow across 2022–2025 provides a durable internal funding source that can cover working capital and some debt servicing. Over 2–6 months this supports operations and reduces immediate liquidity strain versus peers that lack steady cash generation.
Negative Factors
Extreme leverage
Very high leverage severely constrains financial flexibility and raises refinancing and solvency risk. With equity almost eroded, any funding disruption or interest cost rise can trigger covenant breaches or asset disposals, making capital structure the company’s primary long-term vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Consistent positive operating cash flow across 2022–2025 provides a durable internal funding source that can cover working capital and some debt servicing. Over 2–6 months this supports operations and reduces immediate liquidity strain versus peers that lack steady cash generation.
Read all positive factors
KWG Group Holdings (1813) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$358.73M
Dividend YieldN/A
Average Volume (3M)1.24M
Price to Earnings (P/E)―
Beta (1Y)3.18
Revenue Growth-38.93%
EPS Growth59.60%
CountryHK
Employees1,600
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.96
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)0.26
Price to Sales (P/S)0.07
P/FCF Ratio0.20
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 development and investment, and hotel operation businesses in Mainland China and Hong Kong. The company's property portfolio consists of mid- to high-end residenti...
How the Company Makes Money
null...
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 | 6.76B | 11.06B | 15.81B | 13.45B | 23.84B |
| Gross Profit | -1.45B | 1.89B | -2.64B | -2.10B | 5.05B |
| EBITDA | -2.95B | -4.53B | -14.42B | -10.18B | 1.27B |
| Net Income | -3.27B | -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
0.13
Negative
0.15
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
38.24
Neutral
18.33
Positive
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 above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.13, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.24 is Neutral, neither overbought nor oversold. The STOCH value of 18.33 is Positive, 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$516.80M | -0.56 | -44.38% | ― | 11.33% | 6.38% | |
44 Neutral | HK$382.22M | -0.18 | -13.99% | ― | -62.05% | -47.92% | |
40 Underperform | HK$311.72M | -0.03 | ― | ― | 7.94% | -10.86% | |
40 Underperform | HK$178.19M | <0.01 | -1051.18% | ― | -30.04% | ― | |
40 Underperform | HK$402.63M | -0.15 | -35.32% | ― | -2.03% | -59.52% | |
39 Underperform | HK$358.73M | -0.09 | -55.49% | ― | -38.93% | 59.60% |
* Real Estate Sector Average
HK:1813
KWG Group Holdings
0.11
-0.24
-69.57%
HK:2329
Guorui Properties Ltd
0.09
-0.10
-52.49%
HK:1777
Fantasia Holdings Group Co. Ltd.
0.05
-0.02
-23.94%
HK:1243
Wang On Properties Ltd.
0.03
<0.01
6.25%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.12
-0.29
-70.49%
HK:3688
Top Spring International Holdings Limited
0.29
-0.11
-26.92%
KWG Group Holdings Corporate Events
KWG Group Wins HKEX Waiver to Delay Disposal Circular
Jun 30, 2026
KWG Group Holdings has obtained a waiver from the Stock Exchange of Hong Kong allowing it to postpone the dispatch of a shareholder circular related to a disposal transaction. The extension, granted on 29 June 2026, gives the company until 24 July...
KWG Group Wins Further Delay in High Court Winding-Up Hearing
Jun 22, 2026
KWG Group Holdings said the High Court has further adjourned the hearing of a winding-up petition against the company to 14 December 2026, extending uncertainty over its future. The company pledged to keep shareholders and investors informed of an...
KWG Group Seeks Extension for Circular on Joint Venture Disposal
Jun 16, 2026
KWG Group Holdings, a Hong Kong-listed real estate developer incorporated in the Cayman Islands, operates through various joint ventures and maintains a board with both executive and independent non-executive directors. The company is focused on p...
KWG Secures Key Creditor Support for US$4.8 Billion Offshore Debt Overhaul
Jun 15, 2026
KWG Group Holdings has signed a restructuring support agreement with an ad hoc group of offshore creditors representing over 26.1% of its in-scope debt, marking a pivotal step in its multi-year effort to repair its balance sheet. The company is ur...
KWG Group’s May Pre-Sales Slide Over 40% Amid Market Headwinds
Jun 4, 2026
KWG Group Holdings reported unaudited pre-sales for May 2026 of RMB441 million across the group and its joint ventures and associates, a year-on-year decline of 40.2%. The corresponding pre-sales area fell 43.1% to about 17,800 square metres, unde...
KWG Group Wins Shareholder Backing for All AGM Resolutions
Jun 3, 2026
Shareholders of KWG Group Holdings approved all resolutions at the annual general meeting held on 3 June 2026, with each item passed by a comfortable majority through poll voting. The meeting endorsed the 2025 audited financial statements, re-elec...
KWG Group Sells Joint Venture Stake in RMB160 Million Major Transaction
May 26, 2026
KWG Group Holdings has agreed to sell its entire interest in a joint venture vehicle that ultimately holds 66.66% of an equity joint venture engaged in the holding, operation and management of certain properties. The disposal, executed via a wholl...
KWG Group’s April Pre-Sales Slip as Volumes Decline
May 8, 2026
KWG Group Holdings reported unaudited pre-sales for April 2026 of RMB428 million across the group and its joint ventures and associates, a 15.9% decline from a year earlier. The corresponding pre-sales area fell 32.7% to about 17,900 square meters...
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&...
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.