Analogue Holdings Limited (1977) AI Stock Analysis

• Market Cap: HK$1.09B
• Dividend Yield: 5.13%
• Average Volume (3M): 149.09K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 0.34
• Revenue Growth: 5.17%
• EPS Growth: -45.87%
• Country: HK
• Employees: 3,149
• Sector: Industrials
• Sector Strength: 84
• Industry: Engineering & Construction
• EPS (TTM): 0.10
• Shares Outstanding: 1,400,000,000
• 10 Day Avg. Volume: 204,879
• 30 Day Avg. Volume: 149,093
• PEG Ratio: -0.23
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.91
• 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: 70 Outperform
• Price Target: ―

Analogue Holdings Limited has a strong financial base with solid revenue growth and low leverage. However, liquidity issues due to zero free cash flow present a risk. The technical analysis suggests bearish momentum, which could hinder short-term stock performance. Nonetheless, a low P/E ratio and high dividend yield make it attractive for long-term investors.

Analogue Holdings Limited Business Overview & Revenue Model

Company Description

Analogue Holdings Limited, founded in 1977, is a prominent engineering service provider operating primarily in Hong Kong. The company specializes in providing electrical, mechanical, and building services to a diverse range of sectors including commercial buildings, residential complexes, and public infrastructure. With a strong focus on sustainability and innovation, Analogue Holdings Limited offers solutions that encompass project design, management, installation, and maintenance services.

How the Company Makes Money

Analogue Holdings Limited generates revenue through its comprehensive suite of engineering services, which include electrical and mechanical installations, building services, and maintenance. The company earns money by securing contracts for projects in both private and public sectors, where they provide end-to-end solutions from design to implementation. Key revenue streams include recurring income from long-term maintenance contracts and new project installations. Additionally, partnerships with construction firms and government bodies play a significant role in acquiring large-scale projects, contributing to its revenue growth. The company's focus on energy-efficient and sustainable solutions also attracts clients looking for modern, eco-friendly engineering services.

Analogue Holdings Limited Financial Statement Overview

Summary

The company shows strong revenue growth and stable operational efficiency. The balance sheet is solid with low leverage and a healthy equity base, indicating financial stability. However, cash flow challenges, particularly the absence of free cash flow, could pose risks to liquidity and future investments.

Income Statement

The company has shown a steady revenue growth trend with a notable increase from HK$6.13 billion in 2023 to HK$6.45 billion in 2024. Gross profit margin stands at 15.5%, indicating efficient cost management. However, the net profit margin decreased to 2.1% from 4.1% the previous year, reflecting challenges in managing operational costs. EBIT and EBITDA margins are stable, showcasing operational efficiency.

Balance Sheet

The balance sheet is robust with a debt-to-equity ratio of 0.28, indicating low financial leverage. Return on Equity (ROE) is at 6.2%, which is moderate. The equity ratio of 42.2% suggests a strong equity base. Overall, the company maintains a strong liquidity position with substantial cash reserves.

Cash Flow

The cash flow statement shows zero free cash flow in 2024, which is concerning compared to the positive cash flow in previous years. The operating cash flow to net income ratio and free cash flow to net income ratio are not available for the current period due to zero operating cash flow, indicating potential liquidity management issues.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.45B	6.13B	6.47B	5.35B	5.13B
	Gross Profit
1.00B	833.29M	1.01B	878.37M	909.13M
	EBIT
201.23M	130.93M	323.07M	277.63M	305.72M
	EBITDA
228.83M	353.01M	383.62M	344.96M	374.90M
	Net Income Common Stockholders
135.26M	251.50M	114.56M	314.30M	301.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.04B	924.84M	1.00B	819.93M	1.13B
	Total Assets
5.20B	5.14B	4.81B	4.45B	3.87B
	Total Debt
608.22M	366.29M	362.35M	369.91M	70.90M
	Net Debt
-427.72M	-540.14M	-639.49M	-450.02M	-1.06B
	Total Liabilities
3.00B	3.01B	2.75B	2.32B	1.90B
	Stockholders Equity
2.19B	2.13B	2.06B	2.13B	1.97B
Cash Flow		Free Cash Flow
0.00	57.03M	426.81M	189.82M	419.64M
	Operating Cash Flow
0.00	177.55M	453.35M	241.73M	435.61M
	Investing Cash Flow
0.00	-41.46M	-14.85M	-645.02M	-89.50M
	Financing Cash Flow
0.00	-203.75M	-233.67M	86.37M	-130.28M

Analogue Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1977, the sentiment is Positive. The current price of 0.78 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.76, and below the 200-day MA of 0.84, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1977.

Analogue Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0331	78 Outperform	HK$2.54B	5.30	49.10%	3.74%	3.11%	-2.34%
0388	76 Outperform	$496.81B	35.06	27.96%	2.50%	19.20%	24.01%
0857	73 Outperform	$1.76T	7.27		8.14%	-7.86%	-0.39%
1977	70 Outperform	HK$1.09B	8.00	6.26%	5.13%	5.17%	-45.87%
1193	59 Neutral	$46.84B	11.46	9.94%	6.78%	1.39%	-21.74%
Sector *	57 Neutral	$1.32B	4.07	-2.93%	11.10%	3.37%	-51.35%
0373	49 Neutral	HK$5.66B	―	-1.80%	―	12.85%	-519.33%

Analogue Holdings Limited Corporate Events

Analogue Holdings Limited Announces Annual General Meeting with Key Resolutions

Analogue Holdings Limited has announced its upcoming annual general meeting scheduled for June 26, 2025, where shareholders will discuss and vote on key resolutions. These include the adoption of the 2024 financial statements, re-election of directors, re-appointment of auditors, and granting the board authority to issue new shares. This meeting is pivotal for the company’s governance and strategic direction, potentially impacting its market operations and shareholder value.

Analogue Holdings Limited Declares Second Interim Dividend for 2024

Analogue Holdings Limited has announced a second interim dividend of HKD 0.02 per share for the financial year ending December 31, 2024. The dividend reflects the company’s ongoing commitment to returning value to shareholders, with the ex-dividend date set for April 14, 2025, and payment scheduled for April 29, 2025, indicating a stable financial outlook and potential positive implications for investor confidence.

Analogue Holdings Limited Reports 2024 Financial Results and Dividend Declaration

Analogue Holdings Limited reported its annual financial results for the year ending December 31, 2024, showing a slight increase in revenue to HK$6,450.1 million from HK$6,132.9 million in 2023, but a decrease in profit attributable to owners to HK$135.3 million from HK$251.5 million. The company declared a second interim dividend of HK2 cents per share, contributing to a total dividend of HK4.38 cents per share for the year, amounting to approximately HK$61.0 million. Despite the revenue growth, the company faced challenges with increased administrative expenses and impairment losses, impacting its profitability.

Analogue Holdings to Announce Annual Results and Dividend Consideration

Analogue Holdings Limited has announced that its board of directors will meet on March 28, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the payment of a dividend, which could have implications for shareholders and the company’s financial strategy.

Analogue Holdings Issues Profit Warning Amid Sector Reorganizations

Analogue Holdings Limited has issued a profit warning, indicating a projected decrease in consolidated profit for FY2024 by approximately 44% to 48% from the previous year. However, after adjusting for one-off gains, provisions, and relocation expenses, the adjusted profit shows an increase of around 7.5% to 9.4% compared to FY2023. The company recognized an expected credit loss provision due to risks associated with receivables and contract assets, and incurred relocation expenses to a new headquarters to improve business synergy. The final audited results are yet to be published, and stakeholders are advised to exercise caution.