CSMall Group Limited (1815) AI Stock Analysis

• Market Cap: HK$3.00B
• Dividend Yield: N/A
• Average Volume (3M): 10.30M
• Price to Earnings (P/E): 43.6
• Beta (1Y): 1.32
• Revenue Growth: -23.48%
• EPS Growth: N/A
• Country: HK
• Employees: 123
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 0.07
• Shares Outstanding: 1,237,875,000
• 10 Day Avg. Volume: 21,991,126
• 30 Day Avg. Volume: 10,298,173
• PEG Ratio: 0.06
• Price to Book (P/B): 0.17
• Price to Sales (P/S): 1.41
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: HK$2.50 ▲(3.31% Upside)

The overall stock score of 57 reflects significant financial challenges, including declining revenues and liquidity issues, which weigh heavily on the score. Despite strong technical momentum, the high P/E ratio suggests potential overvaluation, limiting the stock's attractiveness. The absence of earnings call data and corporate events further concentrates the analysis on financial and technical factors.

Positive Factors

Strong Equity Position

Low leverage with a high equity ratio of 83.1% indicates financial stability, providing a buffer against economic downturns and flexibility for future investments.

Gross Profit Margin

A healthy gross profit margin suggests effective cost management and pricing strategy, which can support long-term profitability if maintained.

Diverse Revenue Streams

Multiple revenue streams and strategic partnerships enhance resilience and competitive advantage, potentially stabilizing earnings over time.

Negative Factors

Declining Revenues

Persistent revenue decline indicates challenges in market demand or competitive positioning, which could undermine long-term growth prospects.

Liquidity Concerns

Lack of cash generation from operations suggests potential liquidity issues, limiting the ability to fund growth and meet financial obligations.

Decreasing Asset Base

A declining asset base may reflect underinvestment or asset sales, potentially impacting operational capacity and future revenue generation.

CSMall Group Limited Business Overview & Revenue Model

Company Description

CSMall Group Limited, an investment holding company, engages in the design and sale of gold, silver, colored gemstones, gem-set, and other jewelry products in the People's Republic of China. It offers gold bars, silver bars, and silverware; processes and wholesales precious metal products; operates self-owned stores; develops software; develops properties; and plans cultural events. The company sells its jewelry products through online sales channels; offline retail and service network; and third-party offline points of sale. As of December 31, 2021, it had 38 CSmall Shops located in 13 provinces and municipalities comprising 1 self-operated CSmall Shops and 37 franchised CSmall Shops, as well as 15 television and video shopping channels. CSMall Group Limited was founded in 2013 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

CSMall Group Limited generates revenue through multiple streams, primarily from the direct sale of consumer electronics and home appliances. The company employs a retail model that includes both physical storefronts and an e-commerce platform, allowing it to reach a wide customer base. Revenue is further bolstered by partnerships with key manufacturers and distributors, which help secure favorable pricing and exclusive product offerings. Additionally, CSMall may engage in promotional campaigns and sales events that drive volume sales, contributing to its overall earnings. The company may also explore ancillary revenue opportunities, such as warranty services or financing options for customers, enhancing its profitability.

CSMall Group Limited Financial Statement Overview

Summary

CSMall Group Limited faces significant challenges in improving its financial health. The income statement reflects declining revenues and profitability issues, while the balance sheet shows low leverage but a decreasing asset base. The cash flow statement highlights critical liquidity concerns. To improve, the company needs to focus on boosting revenue growth, enhancing profitability, and stabilizing cash flows to ensure long-term sustainability.

Income Statement

CSMall Group Limited's revenue has been declining significantly over the past few years, with a sharp drop from 2020 to 2024. The gross profit margin in 2024 was approximately 30.7%, which is a positive sign, but the company has struggled with negative net income, indicating challenges in managing operational costs. The EBIT and EBITDA margins have shown improvement in 2024 compared to the previous year, yet they remain relatively low for the luxury goods sector.

Balance Sheet

The company maintains a strong equity position with a debt-to-equity ratio of 0.08 in 2024, reflecting low leverage. The equity ratio is high at 83.1%, indicating financial stability. However, the company's total assets have decreased slightly over the years, and stockholders' equity has also seen a decline, which could pose risks if this trend continues.

Cash Flow

CSMall Group Limited's cash flow situation is concerning, with a zero operating cash flow in 2024 and a negative free cash flow trend from previous years. The absence of operating and free cash flows suggests challenges in generating cash from core operations, which may affect liquidity and ability to invest in growth opportunities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	293.14M	157.57M	410.46M	1.79B	364.19M	347.77M
Gross Profit	121.53M	48.41M	37.43M	52.38M	63.11M	88.28M
EBITDA	67.45M	11.03M	-32.39M	-19.46M	12.81M	7.91M
Net Income	63.05M	-23.19M	-35.00M	-25.60M	71.00K	-35.60M
Balance Sheet
Total Assets	1.76B	1.58B	1.59B	1.63B	1.51B	1.58B
Cash, Cash Equivalents and Short-Term Investments	532.19M	429.29M	419.51M	475.21M	312.65M	652.83M
Total Debt	109.52M	106.78M	99.97M	89.84M	22.08M	20.09M
Total Liabilities	356.85M	291.23M	259.25M	256.31M	108.24M	182.26M
Stockholders Equity	1.41B	1.31B	1.34B	1.37B	1.40B	1.40B
Cash Flow
Free Cash Flow	111.39M	29.05M	-57.94M	73.60M	-350.44M	56.16M
Operating Cash Flow	112.58M	30.29M	-56.50M	74.35M	-319.56M	57.16M
Investing Cash Flow	-10.16M	-21.96M	-4.83M	1.67M	-5.17M	229.17M
Financing Cash Flow	3.00K	1.92M	5.62M	86.54M	-15.44M	-26.79M

CSMall Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1815, the sentiment is Positive. The current price of 2.42 is above the 20-day moving average (MA) of 2.37, above the 50-day MA of 2.13, and above the 200-day MA of 1.79, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 56.45 is Neutral, neither overbought nor oversold. The STOCH value of 49.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1815.

CSMall Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0398	70 Outperform	HK$1.77B	9.75	10.00%	9.67%	-9.00%	-21.55%
0887	69 Neutral	$1.79B	6.55	5.10%	4.05%	6.60%	-14.32%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0116	61 Neutral	HK$8.58B	7.27	9.13%	4.60%	-10.41%	67.25%
1815	57 Neutral	HK$3.00B	43.59	3.54%	―	-23.48%	―
1466	52 Neutral	HK$475.45M	49.52	7.10%	―	20.46%	―
0256	48 Neutral	HK$1.00B	-3.30	-7.92%	―	-18.07%	-1041.89%

CSMall Group Limited Corporate Events

Mount Everest Gold Group Expands Exploration Efforts with New Share Subscription

Mount Everest Gold Group Company Limited, a company incorporated in the Cayman Islands, has announced a supplemental update regarding the subscription of new shares under a general mandate. The proceeds from this subscription will be primarily allocated towards capital expenditures for exploration activities at the Lhoka and Shigatse Mines, as well as general working capital for operational expenses. This strategic move aims to support the company’s growth and development plans, potentially impacting its market positioning and offering new opportunities for stakeholders.

Mount Everest Gold Group Announces Major Share Subscription to Fuel Growth

Mount Everest Gold Group Company Limited has entered into agreements to issue 247.5 million new shares to six subscribers at a price of HK$1.61 per share. This move, which does not require further shareholder approval from Mount Everest Gold but does require approval from China Silver shareholders, aims to raise approximately HK$398.5 million in gross proceeds. The funds are intended to support business growth and development. China Silver Group Limited, which holds a significant stake in Mount Everest Gold, will see its shareholding diluted but maintains a substantial influence over the company.