FDB Holdings Limited (1826) AI Stock Analysis

• Market Cap: HK$94.57M
• Dividend Yield: N/A
• Average Volume (3M): 465.67K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.47
• Revenue Growth: 11.52%
• EPS Growth: 98.72%
• Country: HK
• Employees: 75
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 1,332,000,000
• 10 Day Avg. Volume: 372,000
• 30 Day Avg. Volume: 465,666
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: 1

• Rating: 46 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily driven by significant financial challenges, including declining revenues and negative equity, which heavily impact the financial performance score. Technical analysis provides some support with mixed signals, but the valuation remains unattractive due to a negative P/E ratio and no dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.

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 Steering Holdings Limited and changed its name to FDB Holdings Limited in April 2022. FDB Holdings Limited was incorporated in 2015 and is headquartered in Wan Chai, Hong Kong.

How the Company Makes Money

FDB Holdings generates revenue primarily through the sale and leasing of properties within its extensive real estate portfolio. Key revenue streams include rental income from commercial and residential leases, profits from property sales, and income generated from property management services. The company may also engage in joint ventures and collaborations with other developers and investors, leveraging these partnerships to access new markets and enhance development capabilities. Additionally, FDB Holdings may benefit from capital appreciation of its real estate assets, further contributing to its overall financial performance.

FDB Holdings Limited Financial Statement Overview

Summary

FDB Holdings Limited faces significant financial challenges, characterized by declining revenues, inconsistent profitability, and a weak balance sheet with negative equity. Cash flow issues further exacerbate the situation, with negative free cash flow and operating cash flow. The company needs strategic financial management and potential restructuring to stabilize its financial position and improve operational efficiency.

Income Statement

The income statement shows a volatile performance with significant fluctuations in revenue and profitability. The company experienced a dramatic decline in revenue from 2019 to 2023, with a slight recovery in 2024. Gross profit margin and net profit margin have been inconsistent, with negative values in several years, indicating challenges in maintaining profitability. The EBIT and EBITDA margins have also been unstable, reflecting operational difficulties.

Balance Sheet

The balance sheet reveals a concerning financial structure, with negative stockholders' equity in recent years, indicating potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, highlighting financial instability. Return on equity is also not applicable due to negative equity, suggesting a need for financial restructuring.

Cash Flow

Cash flow analysis indicates negative free cash flow in recent years, with significant operating cash outflows. The operating cash flow to net income ratio is not favorable, suggesting inefficiencies in converting income to cash. Free cash flow to net income ratio is also negative, reflecting challenges in generating cash from operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	468.46M	193.77M	357.15M	382.27M	473.86M
Gross Profit	17.30M	-7.15M	7.33M	-29.92M	-10.02M
EBITDA	12.22M	-56.41M	1.14M	-62.53M	-49.64M
Net Income	9.87M	-59.28M	-1.55M	40.10M	-429.53M
Balance Sheet
Total Assets	169.40M	196.53M	226.86M	240.88M	407.06M
Cash, Cash Equivalents and Short-Term Investments	32.60M	35.21M	31.59M	9.55M	37.92M
Total Debt	10.01M	12.92M	599.00K	4.38M	12.01M
Total Liabilities	169.94M	206.95M	177.99M	190.98M	404.75M
Stockholders Equity	-548.00K	-10.42M	48.87M	49.78M	27.37M
Cash Flow
Free Cash Flow	-27.30M	-19.92M	31.51M	-29.92M	-100.45M
Operating Cash Flow	-27.25M	-19.77M	32.20M	-29.67M	-99.43M
Investing Cash Flow	-45.00K	-2.51M	-16.73M	27.64M	9.01M
Financing Cash Flow	1.28M	25.90M	5.18M	-10.53M	-60.25M

FDB Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 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:1826, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 31.43 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1637	65 Neutral	77.20M	14.30	2.30%	―	-30.55%	―
3789	55 Neutral	74.40M	-12.40	-1.95%	―	-6.72%	-161.73%
1630	52 Neutral	69.00M	-7.30	-8.38%	―	-29.39%	78.42%
1472	52 Neutral	71.00M	-7.80	-3.09%	―	67.24%	-42.19%
1826	46 Neutral	HK$94.57M	10.14	-265.97%	―	11.52%	98.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

FDB Holdings Limited Corporate Events

FDB Holdings Clarifies Financial Statement Adjustments

FDB Holdings Limited has issued a clarification regarding its financial statements for the 2025 interim results, 2024 interim report, and 2024 annual report. The company identified an oversight in the reporting of ‘Advance from joint ventures’ and ‘Repayment to joint ventures’ under financing activities. The restatements reflect adjustments for non-cash transactions related to subcontracting services. These changes do not affect the total net cash generated from financing activities for the specified periods.

FDB Holdings Limited Issues Clarification on Financial Statements

FDB Holdings Limited has issued a clarification regarding its financial statements, specifically the condensed consolidated statement of cash flows for the 2025 interim results and the 2024 annual report. The company has restated figures related to ‘Advance from joint ventures’ and ‘Repayment to joint ventures’ for both the six months ended June 30, 2024, and the year ended December 31, 2024. These clarifications do not affect the total net cash generated from financing activities for the specified periods.

FDB Holdings Limited Announces Interim Results for First Half of 2025

FDB Holdings Limited has announced its unaudited consolidated results for the six months ending June 30, 2025. The interim results comply with the Hong Kong Stock Exchange’s listing rules, reflecting the company’s adherence to regulatory standards and providing stakeholders with insights into its financial performance.

FDB Holdings Issues Profit Warning for H1 2025

FDB Holdings Limited, a company listed on the Hong Kong Stock Exchange, has issued a profit warning for the first half of 2025. The company expects to report a net loss between HK$3.0 million and HK$7.0 million, a significant downturn from the HK$5.3 million net profit recorded in the same period of 2024. This decline is attributed to increased contracting and consultancy-related expenses, which have compressed profit margins. The final interim results are still being finalized, and shareholders are advised to exercise caution.

FDB Holdings Limited Announces Upcoming Board Meeting for Interim Results

FDB Holdings Limited has announced that its Board of Directors will hold a meeting on August 28, 2025, to review and potentially approve the company’s unaudited interim results for the first half of the year ending June 30, 2025. The meeting will also consider the recommendation for an interim dividend payment, which could have implications for the company’s financial strategy and shareholder returns.

FDB Holdings Limited Updates Nomination Committee Terms

FDB Holdings Limited has revised the terms of reference for its Nomination Committee, emphasizing the inclusion of independent non-executive directors and gender diversity among its members. The changes aim to enhance governance and decision-making processes within the company, potentially impacting its operational efficiency and stakeholder trust.