Casablanca Group Ltd. (HK:2223)
:2223
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Casablanca Group Ltd.
(2223)
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Rating:55Neutral
Price Target:
HK$1.00
▲(170.27% Upside)
Action:Reiterated
Date:04/25/26
The score is primarily held back by weakening financial performance (multi-year revenue decline and sustained net losses), partially offset by a strong, low-debt balance sheet and still-positive free cash flow. Technicals are comparatively supportive with a clear moving-average uptrend and positive MACD, while valuation remains pressured due to the negative P/E and lack of dividend yield data.
Positive Factors
Balance sheet strength
A very low leverage profile and sizeable equity base (2025 equity: 363.0M vs assets: 433.2M) provide durable balance-sheet resilience. This financial flexibility supports capex, supplier terms and strategic repositioning without urgent refinancing needs over the coming months.
Negative Factors
Multi-year revenue decline
Four consecutive years of revenue decline signals structural demand loss or competitive pressure. Persistent top-line shrinkage erodes operating leverage, limits scale benefits, and makes sustained profitability dependent on a meaningful commercial turnaround rather than short-term cost fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A very low leverage profile and sizeable equity base (2025 equity: 363.0M vs assets: 433.2M) provide durable balance-sheet resilience. This financial flexibility supports capex, supplier terms and strategic repositioning without urgent refinancing needs over the coming months.
Read all positive factors
Casablanca Group Ltd. (2223) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$219.43M
Dividend YieldN/A
Average Volume (3M)155.20K
Price to Earnings (P/E)―
Beta (1Y)-0.10
Revenue Growth-4.35%
EPS Growth-24.74%
CountryHK
Employees532
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.05
Shares Outstanding258,152,000
10 Day Avg. Volume105,000
30 Day Avg. Volume155,200
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)0.53
Price to Sales (P/S)0.82
P/FCF Ratio15.64
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
Casablanca Group Ltd. Business Overview & Revenue Model
Company Description
Casablanca Group Limited operates as an investment holding entity, primarily focusing on the design, manufacturing, and extensive retail distribution of bedding products. Its market presence spans Hong Kong, Macau, mainland China, and other intern...
How the Company Makes Money
null...
Casablanca Group Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 236.31M | 247.06M | 284.10M | 300.16M | 320.40M |
| Gross Profit | 158.50M | 164.44M | 192.15M | 186.78M | 196.37M |
| EBITDA | -4.49M | 17.30M | 18.04M | 34.75M | 43.41M |
| Net Income | -12.23M | -9.79M | -4.64M | 5.38M | 11.94M |
Balance Sheet | |||||
| Total Assets | 433.15M | 448.37M | 466.27M | 484.84M | 522.26M |
| Cash, Cash Equivalents and Short-Term Investments | 138.44M | 131.12M | 132.53M | 146.89M | 142.47M |
| Total Debt | 39.50M | 27.45M | 17.24M | 23.53M | 24.68M |
| Total Liabilities | 71.15M | 83.66M | 85.52M | 89.07M | 117.54M |
| Stockholders Equity | 362.96M | 367.43M | 383.92M | 394.01M | 404.72M |
Cash Flow | |||||
| Free Cash Flow | 12.36M | 9.32M | 7.75M | 11.56M | -495.00K |
| Operating Cash Flow | 15.44M | 18.13M | 22.22M | 45.14M | 39.68M |
| Investing Cash Flow | 907.00K | 488.00K | -15.64M | -28.41M | -40.11M |
| Financing Cash Flow | -18.02M | -12.35M | -21.98M | -12.50M | -53.58M |
Casablanca Group Ltd. Technical Analysis
Negative
0.37
Price Trends
0.97
Negative
0.91
Negative
0.74
Positive
Market Momentum
-0.03
Positive
21.00
Positive
38.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2223, the sentiment is Negative. The current price of 0.37 is below the 20-day moving average (MA) of 0.97, below the 50-day MA of 0.97, and below the 200-day MA of 0.74, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 21.00 is Positive, neither overbought nor oversold. The STOCH value of 38.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2223.
Casablanca Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$2.15B | 8.19 | 8.52% | 4.00% | 3.40% | 151.24% | |
64 Neutral | HK$263.70M | 7.39 | -14.53% | ― | -5.61% | ― | |
63 Neutral | HK$1.78B | 5.80 | 15.21% | 12.14% | 6.23% | -12.18% | |
62 Neutral | HK$756.73M | 5.43 | 5.84% | 6.04% | -1.81% | -2.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$219.43M | -17.93 | -3.38% | ― | -4.35% | -24.74% | |
49 Neutral | HK$862.48M | 24.43 | 2.26% | 1.28% | -8.69% | 11.46% |
* Consumer Cyclical Sector Average
HK:2223
Casablanca Group Ltd.
0.85
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0.26
0.10
64.52%
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0.08
11.43%
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1.29
-0.25
-16.12%
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1.76
-0.22
-10.93%
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Cosmo Lady (China) Holdings Co. Ltd.
0.35
0.12
56.11%
Casablanca Group Ltd. Corporate Events
Casablanca Group Wins Unanimous Shareholder Backing at 2026 AGM
May 15, 2026
Casablanca Group Ltd. reported that shareholders at its 15 May 2026 annual general meeting unanimously approved all ordinary resolutions, including adoption of the 2025 audited financial statements, re-election and election of directors, and reapp...
Casablanca Group Sets 2026 AGM to Renew Board, Auditor and Share Issue Mandate
Apr 22, 2026
Casablanca Group Limited has called its annual general meeting for 15 May 2026 at its Casablanca Smart Digital Eco-Park facility in Huizhou, Guangdong Province, where shareholders will review and adopt the audited consolidated financial statements...
Casablanca Group posts wider 2025 loss despite strong margins and low gearing
Mar 27, 2026
Casablanca Group Limited reported a 4.4% year-on-year decline in revenue to HK$236.3 million for 2025, as weaker sales and lower other income weighed on performance despite a stable gross profit margin of 67.1%. The group’s net loss widened ...
Casablanca Group Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 12, 2026
Casablanca Group Limited has scheduled a board meeting for 27 March 2026 to review and approve its annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decision that co...
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.