YesAsia Holdings Limited (2209) AI Stock Analysis

• Market Cap: HK$1.96B
• Dividend Yield: 1.67%
• Average Volume (3M): 1.20M
• Price to Earnings (P/E): 12.9
• Beta (1Y): -0.19
• Revenue Growth: 71.18%
• EPS Growth: 147.26%
• Country: HK
• Employees: 520
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Specialty Retail
• EPS (TTM): 0.15
• Shares Outstanding: 412,398,300
• 10 Day Avg. Volume: 1,727,210
• 30 Day Avg. Volume: 1,202,271
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$5.02
• Price Target Upside: 5.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: HK$5.00 ▲(5.04% Upside)

YesAsia Holdings Limited's overall stock score is driven primarily by its strong financial performance, particularly in revenue growth and profitability improvements. However, technical analysis indicates weak momentum, and cash flow challenges present risks. The valuation is reasonable, with a moderate P/E ratio and dividend yield. The absence of earnings call insights and corporate events limits additional context.

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, and collectibles. The company operates in the e-commerce sector, catering to a global audience with a focus on providing a wide range of products from various Asian countries. Its core services include online retail platforms that offer a diverse selection of cultural entertainment items, enabling customers to access popular and niche products from the Asian market.

How the Company Makes Money

YesAsia Holdings Limited makes money primarily through its online retail platforms, where it sells Asian entertainment products directly to consumers. The company's key revenue streams include the sale of physical and digital media, such as CDs, DVDs, and Blu-rays, as well as merchandise and collectibles related to popular Asian cultural phenomena. Additionally, YesAsia may generate income through strategic partnerships with content producers and distributors, allowing them to offer exclusive or limited edition products. Revenue is also supported by the company's ability to reach a global customer base through its multilingual websites, which cater to an international audience seeking Asian entertainment products.

YesAsia Holdings Limited Financial Statement Overview

Summary

YesAsia Holdings Limited has shown strong revenue growth and profitability improvements. However, challenges in cash flow management and historical income fluctuations present potential risks that need addressing.

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

YesAsia Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.76
• 50DMA: Negative
• 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:2209, the sentiment is Negative. The current price of 4.76 is below the 20-day moving average (MA) of 5.21, below the 50-day MA of 5.34, and above the 200-day MA of 4.25, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 40.64 is Neutral, neither overbought nor oversold. The STOCH value of 64.16 is Neutral, 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	74 Outperform	HK$2.05B	12.33	27.91%	2.93%	8.89%	―
0178	72 Outperform	HK$1.89B	24.60	6.39%	9.43%	-9.75%	-64.87%
2101	68 Neutral	HK$612.96M	27.83	1.57%	―	-36.89%	-78.29%
2209	63 Neutral	HK$1.96B	12.87	42.49%	1.67%	71.18%	147.26%
Sector *	56 Neutral	HK$25.39B	4.88	-2.69%	5.70%	-0.49%	-53.32%
9991	48 Neutral	HK$1.30B	―	-4.60%	―	5.61%	29.83%

YesAsia Holdings Limited Corporate Events

YesAsia Holdings Reports Strong Revenue Growth and Profit Increase

YesAsia Holdings Limited has announced a positive profit alert, reporting a significant increase in revenue and net profit for the first half of 2025. The company’s revenue rose by 49.3% to approximately US$243.9 million, driven by enhanced marketing efforts for YesStyle and the expansion of AsianBeautyWholesale’s B2B operations. Despite a slight decrease in net profit margin to 5.8%, the overall financial performance reflects successful strategic investments in business development, including warehouse expansion and participation in international beauty fairs, which have bolstered the company’s market positioning.

YesAsia Holdings Limited Unanimously Passes AGM Resolutions

YesAsia Holdings Limited announced that all proposed resolutions at its Annual General Meeting on June 20, 2025, were passed unanimously. Key resolutions included the adoption of financial statements, declaration of a final dividend, reappointment of auditors, re-election of directors, and granting of mandates for share issuance and repurchase. This successful AGM reflects strong shareholder support and positions the company for continued stability and growth, with implications for enhanced shareholder value and strategic flexibility in managing its share capital.