Smart-Core Holdings Ltd. (HK:2166)
:2166
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Smart-Core Holdings Ltd.
(2166)
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Rating:60Neutral
Price Target:
HK$3.00
▲(41.51% Upside)
Action:ReiteratedDate:04/21/26
The score is held back primarily by weak and volatile cash flow in 2025 despite improved earnings and a healthier balance sheet. Valuation is a clear positive with a very low P/E and strong dividend yield. Technical indicators are neutral-to-mixed, offering limited incremental support.
Positive Factors
2025 revenue rebound
A meaningful revenue rebound in 2025 demonstrates the company can recover demand and restore top-line growth after multi-year weakness. A larger revenue base improves the potential for operating leverage, supports reinvestment, and gives management room to pursue structural recovery over the next several quarters.
Negative Factors
Sharp cash-flow deterioration
A large swing to negative operating and free cash flow is a material durability concern: it undermines liquidity, forces external financing or asset sales, and indicates earnings are not converting to cash. Persistent or repeated cash deficits would constrain investment, dividends, and weaken solvency over months.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 revenue rebound
A meaningful revenue rebound in 2025 demonstrates the company can recover demand and restore top-line growth after multi-year weakness. A larger revenue base improves the potential for operating leverage, supports reinvestment, and gives management room to pursue structural recovery over the next several quarters.
Read all positive factors
Smart-Core Holdings Ltd. (2166) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.38B
Dividend Yield6.74%
Average Volume (3M)383.20K
Price to Earnings (P/E)6.0
Beta (1Y)0.05
Revenue Growth41.79%
EPS Growth62.77%
CountryHK
Employees312
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.24
Shares Outstanding488,681,030
10 Day Avg. Volume229,600
30 Day Avg. Volume383,200
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.92
Price to Sales (P/S)0.15
P/FCF Ratio-2.56
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...
Smart-Core Holdings Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.59B | 4.65B | 5.67B | 10.01B | 10.39B |
| Gross Profit | 407.95M | 311.68M | 441.46M | 1.09B | 989.95M |
| EBITDA | 166.97M | 153.95M | 189.30M | 558.05M | 542.68M |
| Net Income | 160.90M | 100.34M | 71.13M | 164.74M | 214.06M |
Balance Sheet | |||||
| Total Assets | 2.26B | 1.69B | 1.74B | 2.86B | 3.64B |
| Cash, Cash Equivalents and Short-Term Investments | 336.64M | 297.72M | 395.28M | 494.40M | 290.93M |
| Total Debt | 593.89M | 315.68M | 484.46M | 1.05B | 1.67B |
| Total Liabilities | 1.20B | 734.14M | 835.88M | 1.66B | 2.60B |
| Stockholders Equity | 1.06B | 959.33M | 904.74M | 873.37M | 805.99M |
Cash Flow | |||||
| Free Cash Flow | -379.14M | 215.36M | 355.83M | 859.24M | -447.51M |
| Operating Cash Flow | -378.46M | 216.49M | 361.65M | 869.75M | -441.23M |
| Investing Cash Flow | 915.00K | 33.25M | 27.93M | -74.70M | -281.13M |
| Financing Cash Flow | 273.08M | -173.44M | -711.51M | -592.78M | 775.02M |
Smart-Core Holdings Ltd. Technical Analysis
Positive
2.12
Price Trends
2.87
Negative
2.57
Positive
2.20
Positive
Market Momentum
-0.02
Negative
49.09
Neutral
61.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2166, the sentiment is Positive. The current price of 2.12 is below the 20-day moving average (MA) of 2.78, below the 50-day MA of 2.87, and below the 200-day MA of 2.20, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.09 is Neutral, neither overbought nor oversold. The STOCH value of 61.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$3.29B | 5.07 | 18.01% | 8.89% | 10.01% | 11.08% | |
67 Neutral | HK$517.02M | 1.25 | 5.41% | 0.98% | 6.90% | -55.59% | |
63 Neutral | HK$1.25B | 1.42 | 3.40% | 4.94% | 17.39% | -55.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$1.38B | 6.04 | 15.86% | 6.74% | 41.79% | 62.77% | |
60 Neutral | HK$3.61B | 13.38 | 5.16% | ― | 50.32% | -1.54% | |
56 Neutral | HK$510.68M | 6.65 | 20.37% | ― | 87.51% | 901.59% |
* Technology Sector Average
HK:2166
Smart-Core Holdings Ltd.
2.86
1.20
72.29%
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27.47%
Smart-Core Holdings Ltd. Corporate Events
Smart-Core Sets 2026 AGM to Approve Dividend, Board and Share Issue Mandate
Apr 17, 2026
Smart-Core Holdings Ltd., a Cayman Islands–incorporated company listed in Hong Kong, has scheduled its annual general meeting for 22 May 2026 in Hong Kong, where shareholders will review audited consolidated financial statements for the year...
Smart-Core Revamps Equity Incentives With New 2026 Share Award Scheme
Apr 16, 2026
Smart-Core Holdings Ltd. has approved a new 2026 share award scheme, effective from 16 April 2026, that will use existing shares held in trust to reward eligible participants at no cost to them, subject to vesting conditions. The scheme caps total...
Smart-Core Profit Jumps 61% on Revenue Surge, Dividend Raised
Mar 31, 2026
Smart-Core Holdings Limited reported strong top- and bottom-line growth for the year ended 31 December 2025, with revenue climbing 41.8% to HK$6.59 billion and gross profit rising 31.4% to HK$409.5 million. Net profit attributable to shareholders ...
Smart-Core Sets March 31 Board Meeting to Approve 2025 Results and Mull Final Dividend
Mar 13, 2026
Smart-Core Holdings Limited has scheduled a board meeting for 31 March 2026 to review and approve the consolidated final results of the company and its subsidiaries for the financial year ended 31 December 2025. At the same meeting, the board will...
Smart-Core flags 40%–70% profit jump on surging AI infrastructure demand
Feb 27, 2026
Smart-Core Holdings Ltd. expects to report profit attributable to shareholders of about HK$140 million to HK$170 million for 2025, up roughly 40% to 70% from HK$100 million a year earlier based on preliminary unaudited figures. Management attribut...
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.