Smart-Core Holdings Ltd. (HK:2166)
:2166
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Smart-Core Holdings Ltd.
(2166)
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Rating:66Neutral
Price Target:
HK$3.00
▲(41.51% Upside)
Action:DowngradedDate:01/13/26
The score is driven primarily by mixed financial performance—stable balance sheet but clear cash flow and revenue/profitability pressures—partly offset by supportive valuation (moderate P/E and solid dividend yield). Technicals are trend-positive but heavily overbought, tempering the overall rating.
Positive Factors
Balance Sheet Strength
An improving debt-to-equity ratio and stable equity position provide lasting financial flexibility. This lowers refinancing risk, supports capital allocation to R&D or strategic partnerships, and gives the company resilience to weather cyclical weakness without immediate external funding.
Negative Factors
Revenue Decline
A multi-year revenue decline erodes scale and market presence, making it harder to absorb fixed costs and invest in growth. Persistent top-line weakness pressures margins, may signal demand or competitive issues, and requires credible product or market strategy fixes to restore growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
An improving debt-to-equity ratio and stable equity position provide lasting financial flexibility. This lowers refinancing risk, supports capital allocation to R&D or strategic partnerships, and gives the company resilience to weather cyclical weakness without immediate external funding.
Read all positive factors
Smart-Core Holdings Ltd. (2166) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.35B
Dividend Yield6.74%
Average Volume (3M)383.20K
Price to Earnings (P/E)4.0
Beta (1Y)0.03
Revenue Growth-5.58%
EPS Growth22.50%
CountryHK
Employees312
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.23
Shares Outstanding488,681,030
10 Day Avg. Volume229,600
30 Day Avg. Volume383,200
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.76
Price to Sales (P/S)0.16
P/FCF Ratio3.37
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
Smart-Core Holdings Ltd. Business Overview & Revenue Model
Company Description
Smart-Core Holdings Limited, an investment holding company, engages in the distribution of integrated circuits and other electronic components in the People's Republic of China, Singapore, and internationally. The company operates through Authoris...
How the Company Makes Money
Smart-Core Holdings Ltd. generates revenue primarily through the sale and distribution of electronic components. The company sources these components from a network of manufacturers and suppliers and then distributes them to clients across differe...
Smart-Core Holdings Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.82B | 4.65B | 5.67B | 10.01B | 10.39B | 5.54B |
| Gross Profit | 330.50M | 311.68M | 441.46M | 1.09B | 989.95M | 310.46M |
| EBITDA | 118.33M | 153.95M | 189.30M | 558.05M | 542.68M | 133.10M |
| Net Income | 112.47M | 100.34M | 71.13M | 164.74M | 214.06M | 71.00M |
Balance Sheet | ||||||
| Total Assets | 2.26B | 1.69B | 1.74B | 2.86B | 3.64B | 2.20B |
| Cash, Cash Equivalents and Short-Term Investments | 160.20M | 297.72M | 395.28M | 494.40M | 290.93M | 238.56M |
| Total Debt | 613.75M | 315.68M | 484.46M | 1.05B | 1.67B | 754.61M |
| Total Liabilities | 1.30B | 734.14M | 835.88M | 1.66B | 2.60B | 1.50B |
| Stockholders Equity | 967.93M | 959.33M | 904.74M | 873.37M | 805.99M | 630.68M |
Cash Flow | ||||||
| Free Cash Flow | -280.64M | 215.36M | 355.83M | 859.24M | -447.51M | -192.11M |
| Operating Cash Flow | -279.93M | 216.49M | 361.65M | 869.75M | -441.23M | -191.03M |
| Investing Cash Flow | 52.34M | 33.25M | 27.93M | -74.70M | -281.13M | -11.95M |
| Financing Cash Flow | 167.28M | -173.44M | -711.51M | -592.78M | 775.02M | 256.12M |
Smart-Core Holdings Ltd. Technical Analysis
Neutral
2.12
Price Trends
2.89
Negative
2.50
Positive
2.15
Positive
Market Momentum
-0.04
Positive
42.56
Neutral
47.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2166, the sentiment is Neutral. The current price of 2.12 is below the 20-day moving average (MA) of 2.82, below the 50-day MA of 2.89, and below the 200-day MA of 2.15, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 42.56 is Neutral, neither overbought nor oversold. The STOCH value of 47.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2166.
Smart-Core Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$3.02B | 5.07 | 18.01% | 8.89% | -0.06% | -6.11% | |
68 Neutral | HK$452.76M | 1.42 | 3.40% | 4.94% | 17.39% | -55.26% | |
67 Neutral | HK$530.92M | 1.25 | 5.41% | 0.98% | 9.73% | 90.98% | |
66 Neutral | HK$1.35B | 4.02 | 11.67% | 6.74% | -5.58% | 22.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$3.27B | 3.95 | 5.16% | ― | 33.59% | -15.98% | |
56 Neutral | HK$526.80M | 6.65 | 20.37% | ― | 14.50% | 247.50% |
* Technology Sector Average
HK:2166
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Smart-Core Holdings Ltd. Corporate Events
Smart-Core Redirects Unused Funds to Accelerate AI Components Business
Jan 9, 2026
Smart-Core Holdings Limited has revised its use of previously unutilised proceeds, shifting funds away from further development of its e-commerce platform and towards expanding its AI-related electronic components business. The company cited persi...
Smart-Core Holdings Redirects HK$23.9 Million Proceeds to AI and Edge Computing Innovations
Dec 17, 2025
Smart-Core Holdings Limited announced a change in the allocation of HK$23.9 million proceeds originally intended for enhancing its e-commerce platform to now be directed towards developing solutions for smart terminals, edge computing, and AI-rela...
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.