Nayuki Holdings Ltd. (2150) AI Stock Analysis

• Market Cap: HK$2.03B
• Dividend Yield: N/A
• Average Volume (3M): 5.24M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: -11.19%
• EPS Growth: -22.98%
• Country: HK
• Employees: 6,122
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -0.08
• Shares Outstanding: 1,707,588,100
• 10 Day Avg. Volume: 5,345,300
• 30 Day Avg. Volume: 5,237,056
• PEG Ratio: <0.01
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.44
• P/FCF Ratio: -22.24
• 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: HK$1.46
• Price Target Upside: 21.67% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 40 Underperform
• Price Target: HK$1.00 ▼(-16.67% Downside)

Nayuki Holdings Ltd. faces significant financial and technical challenges. The most impactful factor is the company's poor financial performance, with declining revenues and profitability, and liquidity concerns. Technical analysis indicates bearish momentum, with the stock trading below key moving averages. Valuation is also a concern, with a negative P/E ratio and no dividend yield, making the stock less attractive to investors.

Nayuki Holdings Ltd. Business Overview & Revenue Model

Company Description

Nayuki Holdings Ltd. (2150) is a prominent player in the beverage and tea industry, known for its innovative approach to modern tea culture. The company specializes in the creation and retail of freshly made tea drinks and premium baked goods. With a focus on quality ingredients and unique flavor combinations, Nayuki has established itself as a leader in the premium tea drink market, primarily operating through its chain of boutique tea houses across various locations.

How the Company Makes Money

Nayuki Holdings Ltd. primarily generates revenue through the sale of its freshly made tea beverages and baked goods at its retail locations. The company's key revenue streams include in-store sales from its boutique tea houses, online sales through its digital platforms, and delivery services. Nayuki leverages its brand appeal and innovative product offerings to attract a wide customer base, thus driving sales volume. Additionally, strategic partnerships and collaborations with suppliers ensure high-quality ingredients, contributing to the brand's premium positioning and enabling the company to maintain a competitive edge in the market.

Nayuki Holdings Ltd. Financial Statement Overview

Summary

Nayuki Holdings Ltd. is experiencing financial difficulties with declining revenues and profitability. The income statement shows negative revenue growth and profitability margins, while the balance sheet indicates stable leverage but negative ROE. The absence of positive cash flows in 2024 raises liquidity concerns.

Income Statement

The income statement shows a challenging financial performance with declining total revenue and net income over the years. The gross profit margin has decreased from 30.76% in 2023 to 23.47% in 2024, indicating potential cost control issues. Net profit margin has turned negative at -18.64% in 2024, down from 0.26% in 2023, signaling profitability challenges. Revenue growth has been negative recently, at -4.70% in 2024. The EBIT margin deteriorated from 17.63% in 2023 to 10.22% in 2024, while the EBITDA margin is not meaningful due to negative EBITDA. Overall, the company is facing headwinds in maintaining revenue and profitability.

Balance Sheet

The balance sheet reveals a mixed picture with strengths and weaknesses. The debt-to-equity ratio has improved slightly to 0.37 in 2024 from 0.37 in 2023, indicating stable leverage. Return on Equity (ROE) is negative, reflecting the company's net losses, but the equity ratio remains strong at 63.73% in 2024, showing reliance on equity financing. However, the declining stockholders' equity from 2023 to 2024 points to potential concerns about financial health. Overall, the company has controlled leverage but needs to address profitability to improve ROE.

Cash Flow

The cash flow statement indicates significant challenges. There is no operating or free cash flow reported for 2024, highlighting potential liquidity issues. Previously, free cash flow was positive in 2023, but the absence of cash flow figures in 2024 suggests potential operational difficulties. The operating cash flow to net income ratio and free cash flow to net income ratio cannot be assessed due to missing data. The cash position, although previously strong, may be under pressure without sufficient operational cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.56B	4.92B	5.16B	4.29B	4.30B	3.06B
Gross Profit	1.12B	1.68B	1.59B	1.51B	1.47B	978.76M
EBITDA	20.16M	-138.48M	788.01M	261.92M	-3.81B	447.19M
Net Income	-599.16M	-917.29M	13.22M	-469.33M	-4.53B	-201.87M
Balance Sheet
Total Assets	5.83B	6.17B	7.54B	6.94B	7.33B	3.31B
Cash, Cash Equivalents and Short-Term Investments	2.80B	2.49B	2.66B	3.37B	4.10B	501.75M
Total Debt	1.29B	1.45B	1.77B	1.42B	1.45B	1.64B
Total Liabilities	2.04B	2.25B	2.72B	2.17B	2.39B	3.74B
Stockholders Equity	3.80B	3.93B	4.82B	4.77B	4.94B	-424.42M
Cash Flow
Free Cash Flow	15.38M	-98.10M	287.57M	-141.69M	-243.02M	330.85M
Operating Cash Flow	97.81M	201.61M	828.49M	306.63M	506.08M	574.35M
Investing Cash Flow	250.47M	319.84M	-1.33B	-2.63B	-794.98M	-243.85M
Financing Cash Flow	-133.46M	-387.98M	-446.35M	-478.00M	3.89B	91.92M

Nayuki Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2150, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.22, below the 50-day MA of 1.34, and below the 200-day MA of 1.30, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.12 is Neutral, neither overbought nor oversold. The STOCH value of 12.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2150.

Nayuki Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6811	68 Neutral	HK$1.11B	12.17	10.47%	5.26%	4.16%	59.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0538	57 Neutral	HK$1.10B	93.58	0.38%	6.27%	0.26%	-73.09%
9869	51 Neutral	HK$1.29B	―	-7.85%	23.46%	-36.08%	-206.05%
2150	40 Underperform	HK$2.03B	―	-14.61%	―	-11.19%	-22.98%
1488	37 Underperform	HK$915.62M	―	―	―	-23.57%	-22.19%

Nayuki Holdings Ltd. Corporate Events

Nayuki Holdings Reports Revenue Decline but Improved Financial Performance in H1 2025

Nayuki Holdings Ltd. reported a 14.4% decrease in revenue for the first half of 2025 compared to the same period in 2024, while its adjusted net loss significantly decreased by 73.1%. The company saw a 33.1% increase in net cash generated from operating activities, attributed to its green and healthy strategy and optimization of underperforming stores. Despite the revenue drop, Nayuki’s self-operated stores experienced growth in average daily sales and orders, and same-store sales increased by 2.3%. As of June 30, 2025, Nayuki operated 1,638 teahouses, with a majority being self-operated.

The most recent analyst rating on (HK:2150) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Nayuki Holdings Ltd. stock, see the HK:2150 Stock Forecast page.

Nayuki Holdings Schedules Board Meeting for Interim Results

Nayuki Holdings Limited has announced that a board meeting is scheduled for August 27, 2025. The meeting will focus on approving the unaudited interim results for the first half of 2025, considering the payment of an interim dividend, and addressing other business matters. This announcement indicates Nayuki’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (HK:2150) stock is a Sell with a HK$1.16 price target. To see the full list of analyst forecasts on Nayuki Holdings Ltd. stock, see the HK:2150 Stock Forecast page.

Nayuki Holdings Announces Board Changes with New Audit Committee Chair

Nayuki Holdings Limited has announced a change in its board of directors, specifically the removal of Ms. Zhang Rui as an independent non-executive director and chairperson of the audit committee due to her inability to attend key meetings. This decision is not expected to impact the company’s financial performance or operations. Concurrently, Mr. Chang Lih Hsun has been appointed as the new independent non-executive director and chairman of the audit committee. Mr. Chang brings over 30 years of experience in the financial sector and management consultancy, having held senior positions at PricewaterhouseCoopers and J.P. Morgan & Co.

The most recent analyst rating on (HK:2150) stock is a Sell with a HK$1.20 price target. To see the full list of analyst forecasts on Nayuki Holdings Ltd. stock, see the HK:2150 Stock Forecast page.

Nayuki Holdings Ltd. Announces Board Composition and Roles

Nayuki Holdings Ltd. has announced the composition of its board of directors and the roles each member will play within the company’s governance structure. This announcement is significant as it outlines the leadership and strategic oversight that will guide the company’s future operations and potentially impact its market positioning.

The most recent analyst rating on (HK:2150) stock is a Sell with a HK$1.20 price target. To see the full list of analyst forecasts on Nayuki Holdings Ltd. stock, see the HK:2150 Stock Forecast page.