YesAsia Holdings Limited (2209) AI Stock Analysis

• Market Cap: HK$2.09B
• Dividend Yield: 1.5%
• Average Volume (3M): 633.03K
• Price to Earnings (P/E): 11.9
• Beta (1Y): -0.39
• Revenue Growth: 55.02%
• EPS Growth: 25.22%
• Country: HK
• Employees: 520
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.26
• Shares Outstanding: 417,348,800
• 10 Day Avg. Volume: 587,137
• 30 Day Avg. Volume: 633,029
• PEG Ratio: 0.09
• Price to Book (P/B): 4.98
• Price to Sales (P/S): 0.76
• P/FCF Ratio: -207.11
• 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: 61 Neutral
• Price Target: HK$5.50 ▼(-1.79% Downside)

YesAsia Holdings Limited's overall stock score is primarily influenced by its strong financial performance, particularly in revenue growth and profitability. However, the bearish technical indicators and cash flow challenges weigh down the score. The valuation is reasonable, but not enough to offset the negative technical sentiment.

YesAsia Holdings Limited Business Overview & Revenue Model

Company Description

YesAsia Holdings Limited (2209) is a leading online retailer specializing in Asian entertainment products, including music, movies, television shows, and merchandise. Founded in 1998, the company operates primarily through its e-commerce platform, catering to a global audience with a focus on Asian content and culture. YesAsia offers a wide range of products, including physical media, digital downloads, and collectibles, serving as a vital distribution channel for both established and emerging artists in the Asian entertainment industry.

How the Company Makes Money

YesAsia Holdings Limited generates revenue primarily through the sale of physical and digital entertainment products via its online platform. The company's key revenue streams include retail sales of CDs, DVDs, Blu-rays, and merchandise, as well as digital downloads and streaming services. Additionally, YesAsia partners with various distributors and content creators, allowing it to offer exclusive products and special editions that enhance its appeal to consumers. The company also benefits from affiliate marketing programs and advertising revenue on its website, contributing to its overall earnings. By leveraging its strong brand recognition and extensive product catalog, YesAsia continues to attract a loyal customer base and expand its market presence.

YesAsia Holdings Limited Financial Statement Overview

Summary

YesAsia Holdings Limited has demonstrated strong revenue growth and profitability improvements, reflected in its income statement performance. The balance sheet indicates a moderate leverage position with improving return on equity, though historical fluctuations suggest some risk. The cash flow statement reveals challenges in cash generation and management, with a need for enhanced cash flow strategies. Overall, the company shows a positive growth trajectory but should address cash flow volatility to sustain long-term financial health.

Income Statement

YesAsia Holdings Limited demonstrated strong revenue growth of 71.68% from 2023 to 2024 and 56.65% from 2022 to 2023, indicating robust expansion. The company maintained a solid gross profit margin of 30.48% in 2024. Net profit margin improved significantly to 5.51% in 2024 from 3.76% in 2023, showcasing enhanced profitability. EBIT and EBITDA margins were also strong at 7.17% and 7.64% respectively, marking improved operational efficiency. However, historical fluctuations in income, with some years of negative net income, indicate potential volatility.

Balance Sheet

The company's debt-to-equity ratio stood at 0.43 in 2024, indicating moderate leverage. Return on equity improved to 35.94% in 2024, reflecting effective utilization of equity to generate profits. The equity ratio was 43.96% in 2024, suggesting a balanced capital structure. While the company has shown improvement, historical fluctuations and a moderate level of liabilities relative to equity suggest some financial risk.

Cash Flow

Operating cash flow declined sharply in 2024 compared to 2023, indicating potential challenges in cash generation. Free cash flow turned negative in 2024, raising concerns about cash management. The operating cash flow to net income ratio was 0.10, and the free cash flow to net income ratio was negative, both of which indicate cash flow inefficiencies. Historical volatility in cash flow metrics suggests the need for improved cash management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	426.37M	345.78M	201.34M	128.59M	162.02M	173.32M
Gross Profit	128.46M	105.39M	62.70M	42.73M	55.62M	61.87M
EBITDA	31.00M	26.39M	15.49M	1.27M	4.65M	18.09M
Net Income	22.07M	19.05M	7.57M	-6.78M	-2.06M	11.22M
Balance Sheet
Total Assets	157.64M	120.57M	74.48M	63.72M	69.89M	63.38M
Cash, Cash Equivalents and Short-Term Investments	15.25M	15.53M	25.18M	18.80M	36.47M	28.48M
Total Debt	39.78M	22.80M	12.18M	15.46M	12.76M	14.47M
Total Liabilities	91.27M	67.58M	39.43M	36.59M	33.60M	40.92M
Stockholders Equity	66.44M	53.00M	35.05M	27.14M	36.29M	22.45M
Cash Flow
Free Cash Flow	3.95M	-1.27M	8.21M	-9.51M	-1.33M	17.79M
Operating Cash Flow	15.61M	1.95M	8.99M	-5.08M	252.00K	20.14M
Investing Cash Flow	-15.27M	-3.10M	1.38M	993.00K	-10.04M	-2.29M
Financing Cash Flow	7.67M	-7.51M	-1.95M	-8.19M	10.81M	-6.49M

YesAsia Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2209, the sentiment is Negative. The current price of 5.6 is below the 20-day moving average (MA) of 5.73, below the 50-day MA of 6.07, and above the 200-day MA of 4.65, indicating a neutral trend. The MACD of -0.27 indicates Positive momentum. The RSI at 32.22 is Neutral, neither overbought nor oversold. The STOCH value of 11.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2209.

YesAsia Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2420	―	HK$1.85B	10.10	27.30%	3.14%	23.59%	―
2101	―	HK$604.79M	40.66	1.04%	―	-36.58%	-84.25%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2209	―	HK$2.09B	11.91	41.54%	1.50%	55.02%	25.22%
0178	―	HK$1.92B	25.00	6.39%	4.02%	-9.75%	-64.87%
9991	―	HK$1.61B	-7.97	-4.71%	―	7.51%	30.41%

YesAsia Holdings Limited Corporate Events

YesAsia Holdings Grants Share Options to Employees

YesAsia Holdings Limited announced the grant of 340,000 share options under its Post-IPO Share Option Scheme to 35 eligible employees. This move, effective from October 27, 2025, aims to incentivize employees and align their interests with the company’s growth objectives, potentially enhancing its competitive positioning in the e-commerce sector.

The most recent analyst rating on (HK:2209) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on YesAsia Holdings Limited stock, see the HK:2209 Stock Forecast page.

YesAsia Holdings Reports 49% Growth in Q3 2025

YesAsia Holdings Limited reported a significant 49% year-on-year increase in order amounts for beauty and fashion & lifestyle products in the third quarter of 2025. This growth was driven by a 30.3% rise in B2C sales through YesStyle platforms and a remarkable 108.1% increase in B2B sales via ABW Online and Offline channels. The announcement highlights the company’s strong market performance and its successful expansion in both online and offline sales channels, underscoring its competitive positioning in the e-commerce sector.

The most recent analyst rating on (HK:2209) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on YesAsia Holdings Limited stock, see the HK:2209 Stock Forecast page.

YesAsia Holdings Completes New Share Issuance to Fund Expansion

YesAsia Holdings Limited has completed the issuance of 4,100,000 new shares under a General Mandate, raising approximately HK$22,755,000. The proceeds will be used primarily for expanding the AsianBeautyWholesale business and general working capital, slightly altering the company’s shareholding structure.

The most recent analyst rating on (HK:2209) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on YesAsia Holdings Limited stock, see the HK:2209 Stock Forecast page.

YesAsia Holdings to Issue New Shares for Business Expansion

YesAsia Holdings Limited, a company incorporated in Hong Kong, has entered into a Subscription Agreement to issue 4,100,000 new shares at HK$5.55 per share under a General Mandate. This move is part of the company’s strategy to raise approximately HK$22,755,000, which will be used to expand its AsianBeautyWholesale business, including building up inventory for overseas warehouses and general capital purposes. The Subscription Agreement is conditional upon the granting of the Listing Approval, and the completion of the subscription is subject to the fulfillment of certain conditions, which may or may not proceed.

The most recent analyst rating on (HK:2209) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on YesAsia Holdings Limited stock, see the HK:2209 Stock Forecast page.

YesAsia Holdings Announces Interim Results for First Half of 2025

YesAsia Holdings Limited has announced its unaudited consolidated interim results for the six months ending June 30, 2025. This announcement, complying with the relevant listing rules, will be shared with shareholders and published online by September 30, 2025, potentially impacting the company’s market positioning and stakeholder engagement.

The most recent analyst rating on (HK:2209) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on YesAsia Holdings Limited stock, see the HK:2209 Stock Forecast page.