Tokyo Chuo Auction Holdings Ltd. (HK:1939)
:1939
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Tokyo Chuo Auction Holdings Ltd.
(1939)
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Rating:50Neutral
Price Target:
HK$0.77
▼(-29.36% Downside)
Action:Reiterated
Date:05/05/26
The score is held back primarily by weak profitability (negative EBIT/net margins and negative ROE) despite low leverage and improved operating cash flow. Technical indicators are roughly neutral with some short-term improvement, while valuation is a major negative due to the extremely high P/E and no stated dividend yield.
Positive Factors
Low leverage / strong balance sheet
A debt-to-equity ratio of 0.20 indicates low leverage, giving the company durable financial flexibility. Lower financial risk supports the ability to fund working capital, absorb demand shocks, and pursue selective investments or small M&A without stressing liquidity over the next several months.
Negative Factors
Negative EBIT and net profit margins
Persistent negative EBIT and net margins show the company is not converting revenue into operating profits despite strong gross margins. This raises concerns about structural operating inefficiencies or high overhead that must be addressed for sustainable returns and reinvestment capacity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A debt-to-equity ratio of 0.20 indicates low leverage, giving the company durable financial flexibility. Lower financial risk supports the ability to fund working capital, absorb demand shocks, and pursue selective investments or small M&A without stressing liquidity over the next several months.
Read all positive factors
Tokyo Chuo Auction Holdings Ltd. (1939) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$276.42M
Dividend YieldN/A
Average Volume (3M)3.57M
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth85.29%
EPS Growth39.63%
CountryHK
Employees36
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.04
Shares Outstanding511,880,000
10 Day Avg. Volume2,781,310
30 Day Avg. Volume3,570,523
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)1.04
Price to Sales (P/S)3.71
P/FCF Ratio6.21
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
Tokyo Chuo Auction Holdings Ltd. Business Overview & Revenue Model
Company Description
Shangshan Gold International Holdings Limited functions as an investment holding company primarily engaged in auctioneering and art sales across Hong Kong and Japan. The firm specializes in facilitating auctions for a diverse range of Chinese and ...
How the Company Makes Money
The company makes money primarily through revenues generated by its auction operations and related services conducted by its subsidiaries. Typical earnings in an auction-operator model come from fees charged to sellers (consignment/commission fees...
Tokyo Chuo Auction Holdings Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.63M | 62.05M | 57.85M | 72.76M | 79.60M | 80.75M |
| Gross Profit | 51.71M | 48.48M | 46.78M | 53.32M | 68.97M | 70.02M |
| EBITDA | -9.43M | -11.68M | -18.60M | -541.00K | 22.26M | 23.52M |
| Net Income | -17.89M | -19.46M | -26.89M | -8.29M | 8.43M | 8.36M |
Balance Sheet | ||||||
| Total Assets | 453.61M | 394.96M | 396.64M | 466.00M | 581.08M | 594.65M |
| Cash, Cash Equivalents and Short-Term Investments | 78.58M | 76.46M | 69.05M | 67.28M | 108.70M | 153.63M |
| Total Debt | 42.16M | 43.80M | 52.25M | 53.44M | 68.99M | 85.47M |
| Total Liabilities | 227.02M | 170.38M | 157.69M | 202.91M | 297.06M | 308.19M |
| Stockholders Equity | 223.01M | 221.30M | 235.64M | 259.32M | 279.94M | 282.24M |
Cash Flow | ||||||
| Free Cash Flow | 22.99M | 37.05M | -10.93M | -17.25M | -24.19M | 51.60M |
| Operating Cash Flow | 23.10M | 37.16M | -6.16M | -16.52M | -23.29M | 60.79M |
| Investing Cash Flow | -110.00K | 590.00K | -4.55M | -549.00K | 1.69M | -7.36M |
| Financing Cash Flow | -7.71M | -9.56M | -6.88M | -18.65M | -18.74M | 20.01M |
Tokyo Chuo Auction Holdings Ltd. Technical Analysis
Negative
1.09
Price Trends
0.66
Negative
0.70
Negative
3.25
Negative
Market Momentum
-0.04
Positive
37.27
Neutral
34.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1939, the sentiment is Negative. The current price of 1.09 is above the 20-day moving average (MA) of 0.64, above the 50-day MA of 0.66, and below the 200-day MA of 3.25, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.27 is Neutral, neither overbought nor oversold. The STOCH value of 34.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1939.
Tokyo Chuo Auction Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$29.24B | 12.25 | 18.80% | 3.18% | 30.69% | -13.06% | |
66 Neutral | HK$1.22B | 6.77 | 41.54% | 1.89% | 44.93% | 18.38% | |
62 Neutral | HK$2.64B | 26.48 | 8.16% | 4.75% | -3.18% | -36.46% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$369.62M | 21.21 | 6.42% | 4.29% | -11.44% | -24.09% | |
50 Neutral | HK$276.42M | -15.10 | -8.05% | ― | 85.29% | 39.63% | |
41 Neutral | HK$869.02M | -0.08 | ― | ― | 13.45% | 48.65% |
* Consumer Cyclical Sector Average
HK:1939
Tokyo Chuo Auction Holdings Ltd.
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Tokyo Chuo Auction Holdings Ltd. Corporate Events
Shangshan Gold International Overhauls Board Leadership as Chairman and Executive Directors Resign
Feb 27, 2026
Shangshan Gold International Holdings announced the resignation of executive directors Huang Shikun and Huang Shifeng, who also stepped down from key committee roles, including chairman of the board, nomination, remuneration and corporate governan...
Shangshan Gold Outlines Board and Committee Structure in Governance Update
Feb 27, 2026
Shangshan Gold International Holdings Limited has announced the current composition of its board of directors, led by executive director and chairman Mr. Tong Jun, alongside two non-executive directors and three independent non-executive directors...
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.