Man King Holdings Limited (2193) AI Stock Analysis

• Market Cap: HK$90.21M
• Dividend Yield: 17.86%
• Average Volume (3M): 69.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.04
• Revenue Growth: -12.81%
• EPS Growth: -224.37%
• Country: HK
• Employees: 170
• Sector: Industrials
• Sector Strength: 85
• Industry: Engineering & Construction
• EPS (TTM): -0.07
• Shares Outstanding: 419,594,000
• 10 Day Avg. Volume: 67,200
• 30 Day Avg. Volume: 69,333
• PEG Ratio: 0.86
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.09
• 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: 38 Underperform
• Price Target: ―

The overall score for Man King Holdings Limited is primarily driven by financial difficulties, with significant declines in revenue and profitability. While the balance sheet remains stable, cash flow issues are severe, raising liquidity concerns. Technical analysis reflects a bearish trend with potential for short-term rebounds due to oversold conditions. Valuation is weak due to negative earnings, making the stock less attractive. Immediate operational improvements are necessary to improve the outlook.

Man King Holdings Limited Business Overview & Revenue Model

Company Description

Man King Holdings Limited, an investment holding company, provides construction and civil engineering services to the public and private sectors in Hong Kong. It undertakes road and bridge, drainage and sewage, port work, site formation, public filling management, environmental, water work, electrical and mechanical, and building projects. The company was founded in 1995 and is based in Kowloon, Hong Kong. Man King Holdings Limited is a subsidiary of Jade Vantage Holdings Limited.

How the Company Makes Money

Man King Holdings Limited generates revenue primarily through contracts for construction and engineering projects. Its key revenue streams include government contracts for public infrastructure such as roads, bridges, and public housing developments, as well as private sector projects in residential, commercial, and industrial construction. The company may also engage in joint ventures or partnerships to leverage expertise and resources for large-scale projects, contributing to its earnings. Additionally, factors such as tendering for new contracts, maintaining a skilled workforce, and managing construction timelines and costs effectively are significant contributors to its revenue generation.

Man King Holdings Limited Financial Statement Overview

Summary

Man King Holdings Limited is facing considerable financial challenges. The income statement reveals significant declines in revenue and profitability, with negative margins indicating potential operational inefficiencies. The balance sheet remains stable with low leverage, but profitability issues are concerning. Cash flows have deteriorated, with negative free cash flow growth and liquidity concerns. Immediate action is required to address these issues and stabilize operations.

Income Statement

The company has experienced a significant decline in revenue and profitability over the past year. The net profit margin turned negative, from 9.30% in 2023 to -6.72% in 2024, indicating a severe deterioration in profitability. Gross profit margin also fell to -7.87% from 15.38% in 2023. Revenue growth rate is negative at -25.22%, suggesting a substantial reduction in business operations. Both EBIT and EBITDA margins have turned negative, reflecting operational challenges.

Balance Sheet

The balance sheet remains relatively stable despite challenges in income. The debt-to-equity ratio is low at 0.04, showing low leverage. However, return on equity has turned negative at -8.35%, down from 13.55% in 2023, reflecting poor profitability. The equity ratio of 65.97% suggests a strong equity position relative to total assets, indicating financial stability.

Cash Flow

Cash flow performance has weakened significantly. The free cash flow has turned negative, with a growth rate of -155.64%. The operating cash flow to net income ratio is negative, indicating cash outflows exceeding the net income, a concern for liquidity. The free cash flow to net income ratio also reflects negative trends, suggesting insufficient cash to cover operational losses.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	346.48M	338.49M	452.78M	408.20M	276.55M	231.66M
Gross Profit	-18.01M	-26.64M	69.62M	51.41M	29.40M	17.64M
EBITDA	-30.30M	-34.53M	46.49M	34.54M	9.28M	779.00K
Net Income	-22.71M	-22.74M	42.13M	36.92M	15.74M	2.95M
Balance Sheet
Total Assets	396.44M	412.77M	461.53M	415.89M	315.84M	297.33M
Cash, Cash Equivalents and Short-Term Investments	199.75M	180.83M	239.92M	158.43M	117.96M	63.25M
Total Debt	14.57M	10.48M	16.29M	19.79M	3.64M	4.41M
Total Liabilities	117.91M	140.34M	150.69M	136.76M	62.28M	58.84M
Stockholders Equity	278.53M	272.43M	310.84M	279.12M	253.56M	238.50M
Cash Flow
Free Cash Flow	-28.01M	-58.18M	104.61M	52.66M	51.90M	-26.76M
Operating Cash Flow	-23.80M	-52.21M	108.07M	66.50M	56.63M	-25.62M
Investing Cash Flow	-10.42M	-6.63M	-4.59M	-11.62M	-1.36M	-17.30M
Financing Cash Flow	-1.49M	-22.63M	-21.42M	-13.92M	-2.67M	510.00K

Man King Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 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:2193, the sentiment is Neutral. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.22, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.74 is Neutral, neither overbought nor oversold. The STOCH value of 51.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2193.

Man King Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	£2.80B	13.41	4.69%	3.43%	2.35%	-24.51%
3878	57 Neutral	HK$74.34M	15.35	1.80%	―	-46.10%	-38.04%
1741	54 Neutral	HK$100.00M	―	-47.66%	―	-34.70%	-388.24%
8262	46 Neutral	HK$94.18M	―	-11.75%	―	33.77%	56.47%
1429	44 Neutral	HK$76.80M	―	-34.49%	―	-4.16%	-643.18%
1486	44 Neutral	HK$86.48M	―	-3.66%	―	-11.66%	53.14%
2193	38 Underperform	HK$90.21M	―	-8.07%	17.86%	-12.81%	-224.37%