FIH Mobile (2038) AI Stock Analysis

• Market Cap: HK$14.68B
• Dividend Yield: N/A
• Average Volume (3M): 909.27K
• Price to Earnings (P/E): 37.3
• Beta (1Y): 1.25
• Revenue Growth: 3.21%
• EPS Growth: N/A
• Country: HK
• Employees: 31,568
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.46
• Shares Outstanding: 788,450,000
• 10 Day Avg. Volume: 762,816
• 30 Day Avg. Volume: 909,274
• PEG Ratio: 0.55
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.16
• P/FCF Ratio: 3.90
• 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: 56 Neutral
• Price Target: HK$22.00 ▲(12.53% Upside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

The overall stock score is primarily influenced by financial performance challenges, including declining revenues and profitability issues. Technical analysis provides some positive momentum, but the high P/E ratio indicates overvaluation, limiting the stock's attractiveness.

Positive Factors

Strong liquidity / negative net debt

Negative net debt and substantial cash reserves give FIH Mobile durable financial flexibility. This liquidity supports working capital, supplier terms, and discretionary R&D or capex spending, reducing refinancing risk and enabling the company to withstand cyclical downturns without immediate capital raises.

Negative Factors

Material revenue decline

A multi-year revenue drop of this magnitude signals structural loss of volume or customer share, eroding scale economics. Reduced top-line volume weakens pricing power, increases unit costs, and constrains the firm's ability to invest in product innovation or maintain fixed-cost absorption over the medium term.

FIH Mobile Business Overview & Revenue Model

Company Description

FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry worldwide. It operates through three segments: Asia, Europe, and America. The company designs, manufactures, distributes, and tr...

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FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry worldwide. It operates through three segments: Asia, Europe, and America. The company designs, manufactures, distributes, and tr...

How the Company Makes Money

FIH Mobile generates revenue primarily through the manufacturing and sale of mobile devices, with key revenue streams coming from contracts with major technology companies and telecommunications providers. The company operates on a business-to-bus...

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FIH Mobile generates revenue primarily through the manufacturing and sale of mobile devices, with key revenue streams coming from contracts with major technology companies and telecommunications providers. The company operates on a business-to-bus...

FIH Mobile Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.87B	5.70B	6.45B	9.39B	8.58B	8.93B
Gross Profit	181.02M	134.64M	109.82M	191.96M	224.41M	95.20M
EBITDA	179.07M	126.25M	107.74M	135.32M	268.39M	59.48M
Net Income	17.41M	-20.33M	-120.68M	-72.14M	56.33M	-173.84M
Balance Sheet
Total Assets	4.06B	3.82B	4.32B	5.51B	5.98B	6.03B
Cash, Cash Equivalents and Short-Term Investments	1.06B	1.69B	1.90B	1.85B	1.90B	1.79B
Total Debt	134.35M	346.00M	707.65M	679.82M	880.67M	953.28M
Total Liabilities	2.57B	2.36B	2.76B	3.72B	3.81B	3.95B
Stockholders Equity	1.49B	1.46B	1.56B	1.78B	2.16B	2.08B
Cash Flow
Free Cash Flow	75.26M	237.23M	9.48M	266.12M	162.51M	-190.64M
Operating Cash Flow	184.44M	362.24M	102.66M	409.41M	281.31M	-88.91M
Investing Cash Flow	-326.44M	-220.91M	-40.09M	-126.96M	-87.14M	-11.72M
Financing Cash Flow	-784.09M	-428.53M	-37.13M	-214.02M	-110.88M	278.54M

FIH Mobile Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2038, the sentiment is Negative. The current price of 19.55 is below the 20-day moving average (MA) of 20.47, below the 50-day MA of 20.54, and above the 200-day MA of 17.38, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 43.31 is Neutral, neither overbought nor oversold. The STOCH value of 39.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2038.

FIH Mobile Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0303	69 Neutral	HK$15.37B	6.79	22.90%	7.66%	-0.99%	-10.43%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2018	58 Neutral	HK$39.54B	6.27	8.59%	0.63%	30.73%	90.08%
2038	56 Neutral	HK$14.68B	37.28	3.51%	―	3.21%	―
2342	54 Neutral	HK$4.68B	-70.76	-11.77%	0.24%	-13.99%	-32.74%
2000	52 Neutral	HK$603.89M	-58.01	-0.25%	―	5.59%	-101.17%
0763	47 Neutral	HK$163.47B	21.31	7.55%	2.43%	5.14%	-38.37%

FIH Mobile Corporate Events