JBB Builders International Ltd. (1903) AI Stock Analysis

• Market Cap: HK$1.43B
• Dividend Yield: N/A
• Average Volume (3M): 243.73K
• Price to Earnings (P/E): 608.5
• Beta (1Y): 0.13
• Revenue Growth: 37.95%
• EPS Growth: -52.04%
• Country: HK
• Employees: 68
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 500,000,000
• 10 Day Avg. Volume: 268,000
• 30 Day Avg. Volume: 243,733
• PEG Ratio: -4.23
• Price to Book (P/B): 2.48
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 0.00
• 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: 64 Neutral
• Price Target: HK$1.50 ▼(-19.35% Downside)

JBB Builders International Ltd.'s stock score is driven primarily by its strong technical indicators, showing positive momentum. Financial performance indicates a recovery with revenue growth and a strong balance sheet, but cash flow challenges persist. The high P/E ratio suggests overvaluation, which is a concern for valuation.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for JBB Builders' services and successful project execution, enhancing market position.

Balance Sheet Health

A strong balance sheet with low leverage reduces financial risk and provides flexibility for future investments and growth opportunities.

Strategic Asset Management

Strategic asset disposal can improve financial positioning by optimizing asset management and potentially freeing up capital for core operations.

Negative Factors

Profit Warning

The profit warning due to rising costs and revenue composition changes indicates potential challenges in maintaining profitability.

Cash Flow Challenges

Negative free cash flow suggests difficulties in generating sufficient cash from operations, potentially impacting liquidity and investment capacity.

Low Profit Margins

Low profit margins reflect operational challenges and may limit the company's ability to reinvest in growth or withstand economic downturns.

JBB Builders International Ltd. Business Overview & Revenue Model

Company Description

JBB Builders International Limited, an engineering contractor, provides marine construction, and building and infrastructure services to contractors and developers in Malaysia and Singapore. The company offers land reclamation and related works, such as soil investigation, hydrographic survey, pre-reclamation design, sand handling/filling, ground treatment, sand surcharge removal work, and other related works; and marine civil works consisting of construction of jetty, channel-crossing works, maintenance dredging, and river diversion works. It also provides marine transportation services, which comprise transportation of marine sand, loading of marine sand extracted from the approved sand source onto sand carriers, and carriage and delivery of marine sand to designated sites where the marine sand is unloaded to be used for land reclamation. In addition, the company provides building and infrastructure services include general building works in construction of properties and infrastructure works. Further, it engages in the construction and trading of sand; and land based machinery works and rental activities. JBB Builders International Limited was founded in 2012 and is headquartered in Johor Bahru, Malaysia.

How the Company Makes Money

JBB Builders International Ltd. generates revenue primarily through contracts for construction and engineering projects. These contracts are often secured through competitive bidding processes and can include public infrastructure projects, private commercial developments, and residential construction. The company earns money by completing these projects within the agreed timelines and budgets, often receiving milestone payments throughout the project's duration. Additionally, JBB Builders may form strategic partnerships or joint ventures with other firms to enhance project delivery capabilities and share resources, thus increasing potential revenue. The company may also engage in long-term maintenance contracts for completed projects, providing a steady stream of income post-construction.

JBB Builders International Ltd. Financial Statement Overview

Summary

JBB Builders International Ltd. shows a recovery trajectory with revenue growth and a return to profitability. The balance sheet is strong with low leverage, enhancing financial stability. However, cash flow remains a concern, with negative free cash flow and low cash generation from operations.

Income Statement

JBB Builders International Ltd. has shown a significant improvement in revenue, with a growth rate of 51.2% from 2023 to 2024. The gross profit margin for 2024 is relatively low at 2.53%, but there is a positive net profit margin of 0.91%, indicating a return to profitability after a loss in 2023. The EBIT and EBITDA margins are modest at 1.28% and 1.42% respectively, reflecting operational challenges but also an improvement over the previous year.

Balance Sheet

The company's balance sheet shows a strong equity position with an equity ratio of 46.66% in 2024, indicating financial stability. The debt-to-equity ratio is low at 0.09, suggesting low leverage and reduced financial risk. Return on equity is modest at 2.32%, reflecting moderate profitability relative to equity.

Cash Flow

Cash flow analysis reveals a challenging situation with a negative free cash flow of -184,000 in 2024, although this is an improvement from the previous year. The operating cash flow to net income ratio is low at 0.01, indicating limited cash generation from operations relative to net income. However, the company has managed to maintain a positive operating cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	426.98M	426.98M	329.33M	217.78M	512.30M	141.04M
Gross Profit	17.67M	17.67M	8.33M	12.29M	29.16M	6.68M
EBITDA	-838.00K	3.94M	4.68M	-4.99M	19.00M	-6.46M
Net Income	1.33M	1.33M	2.99M	-8.23M	12.53M	-9.42M
Balance Sheet
Total Assets	296.82M	296.82M	276.81M	218.87M	294.79M	269.87M
Cash, Cash Equivalents and Short-Term Investments	81.10M	77.15M	94.09M	89.08M	91.22M	91.56M
Total Debt	7.08M	7.08M	11.18M	14.58M	14.17M	11.38M
Total Liabilities	165.16M	165.16M	140.46M	85.54M	155.53M	147.50M
Stockholders Equity	124.96M	124.96M	129.15M	125.53M	129.97M	114.05M
Cash Flow
Free Cash Flow	-5.48M	0.00	-184.00K	-15.19M	-3.85M	3.50M
Operating Cash Flow	-4.92M	0.00	42.00K	-15.01M	-3.74M	3.79M
Investing Cash Flow	-119.00K	0.00	20.97M	4.55M	-1.07M	-1.98M
Financing Cash Flow	-2.50M	0.00	-4.92M	-2.27M	2.21M	9.63M

JBB Builders International Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1903, the sentiment is Positive. The current price of 1.86 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.71, and above the 200-day MA of 1.42, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 72.82 is Negative, neither overbought nor oversold. The STOCH value of 90.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1903.

JBB Builders International Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1556	78 Outperform	HK$532.50M	3.98	17.51%	5.71%	17.51%	1.48%
1903	64 Neutral	HK$1.43B	608.51	1.05%	―	37.95%	-52.04%
6829	64 Neutral	HK$789.12M	93.20	2.76%	―	22.30%	48.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1727	60 Neutral	HK$642.90M	4.02	2.36%	―	-25.78%	-18.64%
0610	60 Neutral	HK$721.74M	-0.12	-127.12%	―	12.80%	-270.01%
1780	48 Neutral	HK$396.80M	-42.38	-5.65%	5.26%	-55.42%	-281.93%

JBB Builders International Ltd. Corporate Events

JBB Builders International to Relocate Principal Hong Kong Office in 2026

JBB Builders International Limited has announced that it will change its principal place of business in Hong Kong to Room 1762, 17th Floor, Luk Kwok Centre, 72 Gloucester Road, Wanchai, effective 1 January 2026. The relocation of its Hong Kong office signals an administrative shift that may streamline the company’s local operations and corporate presence, while leaving its existing board structure and overall governance framework unchanged.

The most recent analyst rating on (HK:1903) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on JBB Builders International Ltd. stock, see the HK:1903 Stock Forecast page.

JBB Builders International Ltd. AGM Resolutions Unanimously Approved

JBB Builders International Ltd. announced the successful completion of its Annual General Meeting held on November 18, 2025, where all proposed resolutions were unanimously approved by shareholders. Key resolutions included the re-election of directors, re-appointment of the auditor, and granting of mandates to issue and repurchase shares, reflecting strong shareholder support and confidence in the company’s strategic direction.

The most recent analyst rating on (HK:1903) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on JBB Builders International Ltd. stock, see the HK:1903 Stock Forecast page.

JBB Builders Forms Joint Venture for Solar Plant Development in Malaysia

JBB Builders International Ltd. has announced the formation of a joint venture with a subsidiary of Samaiden Group Berhad to develop a large-scale solar photovoltaic plant in Segamat, Johor, Malaysia. The project, which has been shortlisted by the Energy Commission of Malaysia, involves a capital injection of up to RM65 million by JBB Builders and is expected to commence operations by February 2028. This strategic move positions JBB Builders to expand its footprint in the renewable energy sector, potentially enhancing its market presence and offering long-term benefits to stakeholders.

The most recent analyst rating on (HK:1903) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on JBB Builders International Ltd. stock, see the HK:1903 Stock Forecast page.

JBB Builders International Announces Annual General Meeting and Share Issuance Proposal

JBB Builders International Ltd. has announced its upcoming annual general meeting scheduled for November 18, 2025, in Johor Bahru, Malaysia. The meeting will address ordinary business matters such as reviewing the company’s financial statements, re-electing directors, and re-appointing the auditor. Additionally, a special resolution will be considered to authorize the board to issue additional shares, which could impact the company’s capital structure and shareholder value.

The most recent analyst rating on (HK:1903) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on JBB Builders International Ltd. stock, see the HK:1903 Stock Forecast page.