FDB Holdings Limited (1826) AI Stock Analysis

• Market Cap: HK$127.87M
• Dividend Yield: N/A
• Average Volume (3M): 690.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• 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: 1,555,000
• 30 Day Avg. Volume: 690,666
• PEG Ratio: -0.06
• Price to Book (P/B): -119.10
• Price to Sales (P/S): 0.14
• P/FCF Ratio: -2.39
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: HK$0.07 ▼(-27.00% Downside)

The score is held down primarily by very weak financial performance (negative equity, inconsistent profitability, and negative free cash flow). Technicals provide some support due to recent strength above moving averages and positive MACD, but overbought signals (high RSI) temper that benefit. Valuation is also unfavorable/limited due to losses (negative P/E) and no dividend yield data.

Positive Factors

Revenue Growth

The company's revenue growth of 11.52% indicates a positive trend in its ability to generate sales, suggesting potential for market expansion and increased profitability over time.

Diversified Revenue Streams

Diversified revenue streams from rental, sales, and management services provide stability and reduce reliance on a single income source, enhancing resilience against market fluctuations.

Partnerships

Strategic partnerships with construction firms and real estate agencies enhance project execution and marketing capabilities, supporting long-term growth and competitive positioning.

Negative Factors

Negative Equity

Negative equity suggests financial instability and potential solvency risks, which could limit the company's ability to invest in growth opportunities and weather economic downturns.

Negative Free Cash Flow

Negative free cash flow indicates challenges in generating cash from operations, potentially impacting the company's ability to fund operations, pay down debt, or invest in growth.

Inconsistent Profitability

Inconsistent profitability and revenue fluctuations highlight operational challenges, which may impact long-term financial health and investor confidence.

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 through multiple key streams, primarily from rental income derived from its portfolio of properties, which includes residential units and commercial spaces. Additionally, the company earns income from property sales, particularly in the residential sector, where it develops and sells new housing projects. Partnerships with construction firms and real estate agencies also contribute to its earnings, as they enable efficient project execution and marketing. Furthermore, FDB Holdings may engage in property management services for third-party owners, providing maintenance and operational services for a fee, thereby diversifying its revenue base.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	538.76M	468.46M	193.77M	357.15M	382.27M	411.86M
Gross Profit	9.30M	17.30M	-7.15M	7.33M	-29.92M	-9.05M
EBITDA	175.50K	12.22M	-56.41M	1.14M	-62.53M	-49.64M
Net Income	1.76M	9.87M	-59.28M	-969.00K	40.10M	-245.03M
Balance Sheet
Total Assets	166.01M	169.40M	196.53M	226.86M	240.88M	407.06M
Cash, Cash Equivalents and Short-Term Investments	5.37M	32.60M	35.21M	31.59M	9.55M	37.92M
Total Debt	20.29M	10.01M	12.92M	599.00K	4.38M	12.01M
Total Liabilities	171.72M	169.94M	206.95M	177.99M	190.98M	404.75M
Stockholders Equity	-5.71M	-548.00K	-10.42M	48.87M	49.78M	27.37M
Cash Flow
Free Cash Flow	-10.43M	-27.30M	-19.92M	31.51M	-29.92M	-100.45M
Operating Cash Flow	-10.36M	-27.25M	-19.77M	32.20M	-29.67M	-99.43M
Investing Cash Flow	2.45M	16.29M	-2.51M	-16.73M	27.64M	9.01M
Financing Cash Flow	1.21M	871.00K	25.90M	5.18M	-10.53M	-60.25M

FDB Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1826, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 74.87 is Negative, neither overbought nor oversold. The STOCH value of 78.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	HK$102.00M	10.59	4.53%	―	-40.54%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1630	52 Neutral	HK$64.50M	-3.64	-14.78%	―	-28.21%	34.59%
1472	50 Neutral	HK$59.00M	-4.24	-4.84%	―	71.16%	-67.47%
3789	49 Neutral	HK$81.60M	136.00	0.18%	―	-2.05%	―
1826	44 Neutral	HK$127.87M	-250.00	―	―	11.52%	98.72%
2195	43 Neutral	HK$78.65M	-2.44	-19.00%	―	48.86%	54.49%

FDB Holdings Limited Corporate Events

FDB Holdings Limited Issues Supplementary Disclosure on Share Options

FDB Holdings Limited has announced a supplementary disclosure related to its 2024 Annual Report. The company has clarified that a maximum of 133,200,000 shares, representing 10% of the total shares, may be issued upon the exercise of options under its scheme. As of the end of 2024, no share options have been granted, and the available options for grant remain at 133,200,000 shares. This disclosure does not affect any other information in the annual report.