A.Plus Group Holdings Limited (1841) AI Stock Analysis

• Market Cap: HK$80.80M
• Dividend Yield: N/A
• Average Volume (3M): 21.67K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.35
• Revenue Growth: -14.57%
• EPS Growth: -72.26%
• Country: HK
• Employees: 74
• Sector: Industrials
• Sector Strength: 88
• Industry: Specialty Business Services
• EPS (TTM): -0.03
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 51,000
• 30 Day Avg. Volume: 21,666
• PEG Ratio: -1.29
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.10
• 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

• Rating: 65 Neutral
• Price Target: ―

A.Plus Group Holdings Limited demonstrates financial stability with a strong balance sheet and positive cash flow. However, declining revenue and profitability margins pose operational challenges. Technical indicators show neutral momentum, and the valuation is moderate with room for growth.

A.Plus Group Holdings Limited Business Overview & Revenue Model

Company Description

A.Plus Group Holdings Limited (1841) is a Hong Kong-based company that primarily engages in the provision of financial printing services. The company offers a range of services including the printing of prospectuses, financial reports, compliance documents, and corporate brochures. Its clientele mainly comprises companies listed on the Hong Kong Stock Exchange, as well as other financial and corporate clients requiring specialized printing solutions.

How the Company Makes Money

A.Plus Group Holdings Limited generates revenue through its financial printing services, which involve the production and distribution of essential financial documents for listed companies and other corporate clients. The company's key revenue streams include fees charged for the design, typesetting, translation, printing, and distribution of these documents. Its earnings are significantly influenced by the volume of Initial Public Offerings (IPOs), mergers and acquisitions, and other corporate actions that necessitate financial documentation. The company's partnerships with various financial and legal intermediaries also play a crucial role in securing contracts and expanding its client base.

A.Plus Group Holdings Limited Financial Statement Overview

Summary

A.Plus Group Holdings Limited exhibits a strong balance sheet with low leverage and a high equity ratio, providing financial stability. However, declining revenues and profitability margins indicate operational challenges that need addressing. Cash flow remains positive, supporting the company’s financial health despite revenue pressures.

Income Statement

A.Plus Group Holdings Limited shows declining revenue with a decrease from 2023 to 2024. The gross profit margin is healthy at 46.2% in 2024, albeit a decrease from previous years. Net profit margin has fallen significantly to 6.9%, indicating rising expenses or reduced efficiencies. EBIT and EBITDA margins are declining, suggesting challenges in maintaining operating efficiency.

Balance Sheet

The company has a strong balance sheet with a high equity ratio of 75.9%, indicating financial stability. Debt-to-equity ratio is low at 0.06, reflecting minimal leverage and a conservative capital structure. Return on equity is modest at 7.9%, indicating room for improving shareholder returns.

Cash Flow

Operating cash flow has decreased significantly, impacting free cash flow growth. However, the company maintains a positive operating cash flow to net income ratio of 1.42, indicating good cash generation relative to earnings. Free cash flow is stable, indicating strong cash management despite reduced revenues.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	125.07M	128.92M	127.74M	134.36M	146.55M
Gross Profit	57.76M	63.45M	64.16M	66.38M	76.15M
EBITDA	17.45M	32.86M	23.78M	38.45M	39.07M
Net Income	8.61M	19.99M	11.76M	27.58M	25.92M
Balance Sheet
Total Assets	143.90M	127.20M	145.56M	207.66M	164.73M
Cash, Cash Equivalents and Short-Term Investments	78.28M	68.47M	78.72M	132.49M	105.21M
Total Debt	6.14M	1.69M	6.30M	10.65M	1.51M
Total Liabilities	34.61M	26.52M	32.87M	46.73M	31.37M
Stockholders Equity	109.30M	100.68M	112.69M	160.94M	133.35M
Cash Flow
Free Cash Flow	12.21M	25.54M	10.71M	25.30M	41.66M
Operating Cash Flow	12.26M	25.65M	12.19M	36.03M	41.76M
Investing Cash Flow	2.48M	844.00K	-1.34M	-10.11M	1.17M
Financing Cash Flow	-4.92M	-36.74M	-64.63M	1.36M	-54.52M

A.Plus Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1841, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.21, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 20.56 is Positive, neither overbought nor oversold. The STOCH value of 2.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1841.

A.Plus Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1841	65 Neutral	HK$80.80M	16.98	-1.47%	―	-14.57%	-72.26%
Sector *	58 Neutral	HK$13.96B	4.77	-2.71%	5.86%	3.74%	-52.98%
8411	51 Neutral	HK$67.80M	―	-5.25%	29.41%	-25.44%	41.67%
8133	50 Neutral	HK$13.94M	―	-8.84%	―	-16.83%	62.13%
8163	41 Neutral	HK$99.00M	―		―	―	―
8395	36 Underperform	HK$340.56M	215.00	31.07%	―	-13.93%	75.32%