FDB Holdings Limited (HK:1826)
:1826
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FDB Holdings Limited
(1826)
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Rating:40Neutral
Price Target:
HK$0.10
▲(0.00% Upside)
Action:Reiterated
Date:05/21/26
The score is driven down primarily by weak financial performance (return to losses, negative equity, and sustained negative operating/free cash flow). Technical indicators also show a bearish trend (below key moving averages with negative MACD), with only a small offset from near-oversold momentum readings. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Lean operating footprint
A small workforce (75 employees) implies a lean cost structure and operational agility. Over a multi-month horizon this supports lower fixed overhead, faster restructuring or scaling, and reduces cash burn per employee versus larger peers during prolonged downturns.
Negative Factors
Negative equity / solvency risk
Persistent negative equity across multiple years signals structural solvency weakness. This erodes creditor confidence, limits access to conventional financing, and creates ongoing recapitalization risk that can constrain strategic choices and long-term investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Lean operating footprint
A small workforce (75 employees) implies a lean cost structure and operational agility. Over a multi-month horizon this supports lower fixed overhead, faster restructuring or scaling, and reduces cash burn per employee versus larger peers during prolonged downturns.
Read all positive factors
FDB Holdings Limited (1826) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$167.83M
Dividend YieldN/A
Average Volume (3M)690.67K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-13.17%
EPS Growth-327.03%
CountryHK
Employees75
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,598,400,000
10 Day Avg. Volume1,555,000
30 Day Avg. Volume690,666
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-5.28
Price to Sales (P/S)0.30
P/FCF Ratio-3.31
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)N/A
Revenue Forecast (FY)N/A
FDB Holdings Limited Business Overview & Revenue Model
Company Description
FDB Holdings Limited provides contracting and project management services in Hong Kong. It offers contracting services for alteration and addition works, maintenance, specialist works, and new development. The company was formerly known as Steerin...
How the Company Makes Money
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FDB Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 406.74M | 468.46M | 193.77M | 357.15M | 382.27M |
| Gross Profit | 7.71M | 17.30M | -7.15M | 7.33M | -29.92M |
| EBITDA | -20.19M | 12.22M | -56.41M | 1.14M | -62.53M |
| Net Income | -22.41M | 9.87M | -59.28M | -969.00K | 40.10M |
Balance Sheet | |||||
| Total Assets | 239.32M | 169.40M | 196.53M | 226.86M | 240.88M |
| Cash, Cash Equivalents and Short-Term Investments | 11.09M | 32.60M | 35.21M | 31.59M | 9.55M |
| Total Debt | 11.87M | 10.01M | 12.92M | 599.00K | 4.38M |
| Total Liabilities | 262.27M | 169.94M | 206.95M | 177.99M | 190.98M |
| Stockholders Equity | -22.94M | -548.00K | -10.42M | 48.87M | 49.78M |
Cash Flow | |||||
| Free Cash Flow | -36.65M | -27.30M | -19.92M | 31.51M | -29.92M |
| Operating Cash Flow | -36.62M | -27.25M | -19.77M | 32.20M | -29.67M |
| Investing Cash Flow | -33.00K | 16.29M | -2.51M | -16.73M | 27.64M |
| Financing Cash Flow | 15.13M | 871.00K | 25.90M | 5.18M | -10.53M |
FDB Holdings Limited Technical Analysis
Negative
0.10
Price Trends
0.16
Negative
0.16
Negative
0.11
Negative
Market Momentum
-0.01
Positive
27.37
Positive
41.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1826, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.16, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 27.37 is Positive, neither overbought nor oversold. The STOCH value of 41.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1826.
FDB Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$205.00M | 3.05 | 5.52% | 9.71% | 41.31% | -27.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$216.00M | 5.92 | 4.36% | 15.38% | 0.39% | -42.36% | |
47 Neutral | HK$197.60M | 9.03 | 5.57% | 2.58% | 27.88% | 1.69% | |
40 Neutral | HK$167.83M | -5.41 | 203.90% | ― | -13.17% | -327.03% | |
38 Underperform | HK$156.00M | -0.58 | -98.05% | ― | 15.26% | 10.41% |
* Industrials Sector Average
HK:1826
FDB Holdings Limited
0.11
0.05
77.97%
HK:1447
SFK Construction Holdings Ltd.
0.54
0.00
0.00%
HK:1547
IBI Group Holdings Limited
0.25
0.05
22.89%
HK:1582
CR Construction Group Holdings Limited
0.41
<0.01
1.99%
HK:1615
AB Builders Group Limited
0.38
0.15
64.47%
HK:6816
Prosper Construction Holdings Limited
0.20
0.09
80.56%
FDB Holdings Limited Corporate Events
FDB Holdings Moves to Modernise Governance With New Electronic-Friendly Articles
Apr 24, 2026
FDB Holdings Limited plans to replace its existing fourth articles of association with a fifth amended version, subject to shareholder approval at its upcoming annual general meeting scheduled for late May 2026. The revised governance framework wi...
FDB Holdings Swings to 2025 Loss as Revenue Falls and Margins Squeeze
Mar 27, 2026
FDB Holdings Limited reported a sharp deterioration in its 2025 performance, with revenue falling 13.2% year-on-year to HK$406.7 million and gross profit more than halving to HK$7.7 million. The company swung from a HK$9.9 million profit before ta...
FDB Holdings flags 2025 loss on weak construction market and higher credit provisions
Mar 19, 2026
FDB Holdings Limited has warned that it expects to swing to a net loss of between HK$20 million and HK$25 million for the year ended 31 December 2025, compared with a net profit of about HK$9.9 million a year earlier. The deterioration reflects a ...
FDB Holdings Sets March 2026 Board Meeting to Approve 2025 Results and Dividend
Mar 16, 2026
FDB Holdings Limited has scheduled a board meeting for 27 March 2026 to review and consider approval of the Group’s audited annual results for the year ended 31 December 2025. The board will also discuss and, if appropriate, approve a recomm...
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.