Crystal International Group Limited (2232) AI Stock Analysis

• Market Cap: HK$19.71B
• Dividend Yield: 5.91%
• Average Volume (3M): 3.52M
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.51
• Revenue Growth: 14.76%
• EPS Growth: 23.04%
• Country: HK
• Employees: 75,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.26
• Shares Outstanding: 2,852,822,000
• 10 Day Avg. Volume: 3,417,507
• 30 Day Avg. Volume: 3,523,036
• PEG Ratio: 0.35
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.65
• P/FCF Ratio: -493.76
• 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$8.70
• Price Target Upside: 37.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.63
• Revenue Forecast (FY): HK$21.29B

• Rating: 76 Outperform
• Price Target: HK$8.00 ▲(25.98% Upside)

Crystal International Group Limited scores well due to its strong financial performance and positive technical indicators. The company's solid balance sheet and profitability, combined with a bullish technical outlook, contribute significantly to its score. The reasonable valuation further supports its attractiveness, although attention to cash flow management is advised.

Positive Factors

Revenue Growth

The company's consistent revenue growth reflects its strong market position and ability to attract and retain major clients, ensuring long-term business stability.

Balance Sheet Health

A low debt-to-equity ratio indicates minimal leverage risk, providing the company with financial flexibility to invest in growth opportunities and withstand economic downturns.

Profitability

Strong profitability metrics suggest efficient operations and effective management, contributing to sustainable financial performance and shareholder value.

Negative Factors

Cash Flow Management

Challenges in cash flow management can limit the company's ability to fund operations and invest in growth, posing a risk to long-term financial health.

Free Cash Flow

Lack of growth in free cash flow may constrain the company's capacity to reinvest in business expansion and innovation, affecting future competitiveness.

Cash Flow to Net Income Ratio

Inability to calculate this ratio indicates potential inefficiencies in converting income into cash, which could impact liquidity and operational flexibility.

Crystal International Group Limited Business Overview & Revenue Model

Company Description

Crystal International Group Limited (2232) is a leading global apparel manufacturer headquartered in Hong Kong. The company operates primarily in the textile and garment sectors, specializing in the production of high-quality clothing for various well-known international brands. Its core products include casual wear, activewear, and knitwear. With a strong emphasis on sustainability and innovation, Crystal International also invests in advanced manufacturing technologies to enhance efficiency and product quality.

How the Company Makes Money

Crystal International generates revenue primarily through the manufacturing and sale of apparel to global fashion brands and retailers. The company's revenue model is based on contracts with major clients, often involving bulk orders of garments that are produced in its various manufacturing facilities across Asia and other regions. Key revenue streams include direct sales from garment production, as well as value-added services such as design and development, supply chain management, and logistics support. Additionally, strategic partnerships with renowned brands enhance its market presence and contribute to steady revenue growth. The company's focus on sustainability and compliance with environmental standards also attracts clients looking to improve their own sustainability profiles, thereby increasing demand for its services.

Crystal International Group Limited Financial Statement Overview

Summary

Crystal International Group Limited exhibits a robust financial foundation with strong profitability and a solid balance sheet structure. The company's revenue and profit growth trends are commendable, though cash flow management may need attention. Overall, the financial health remains strong despite minor cash flow challenges.

Income Statement

Crystal International Group Limited shows a stable financial performance with a gross profit margin of 19.69% and a net profit margin of 8.12% for the latest year. The company has demonstrated revenue growth of 13.42% from the previous year, indicating a positive trajectory. EBIT and EBITDA margins at 9.31% and 12.18% respectively reflect a healthy operating efficiency.

Balance Sheet

The company maintains a strong financial position with a low debt-to-equity ratio of 0.11, suggesting minimal leverage risk. The return on equity is 13.10%, indicating effective use of equity to generate profits. An equity ratio of 67.89% highlights a solid financial structure with substantial assets funded by equity.

Cash Flow

Cash flow metrics indicate some challenges, with operating cash flow to net income ratio not calculable due to zero operating cash flow reported. The free cash flow has not shown growth, and the free cash flow to net income ratio is also not calculable for the latest period, suggesting potential concerns in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.61B	2.47B	2.18B	2.49B	2.34B	1.99B
Gross Profit	515.37M	486.22M	417.78M	477.62M	447.61M	385.87M
EBITDA	317.28M	300.88M	248.03M	295.71M	260.81M	202.19M
Net Income	214.75M	200.50M	163.48M	172.73M	163.11M	108.08M
Balance Sheet
Total Assets	2.34B	2.25B	1.97B	1.89B	1.96B	1.78B
Cash, Cash Equivalents and Short-Term Investments	638.03M	573.46M	607.14M	455.06M	401.27M	383.43M
Total Debt	146.38M	174.70M	89.89M	132.52M	198.43M	202.49M
Total Liabilities	797.28M	719.01M	535.66M	549.67M	666.18M	618.13M
Stockholders Equity	1.54B	1.53B	1.43B	1.34B	1.29B	1.16B
Cash Flow
Free Cash Flow	930.00K	-3.25M	269.05M	257.40M	124.46M	265.88M
Operating Cash Flow	61.92M	105.54M	312.97M	349.15M	189.86M	323.85M
Investing Cash Flow	-192.30M	-167.93M	-88.42M	-135.48M	-84.99M	-43.39M
Financing Cash Flow	12.92M	-53.85M	-134.74M	-144.58M	-93.71M	-161.06M

Crystal International Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.35
• 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:2232, the sentiment is Negative. The current price of 6.35 is below the 20-day moving average (MA) of 7.16, below the 50-day MA of 6.98, and above the 200-day MA of 5.75, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 43.71 is Neutral, neither overbought nor oversold. The STOCH value of 47.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2232.

Crystal International Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3998	78 Outperform	HK$53.26B	13.51	23.92%	6.17%	5.51%	3.90%
2313	78 Outperform	HK$91.62B	13.08	18.24%	4.32%	15.93%	20.70%
2232	76 Outperform	HK$19.71B	11.79	14.24%	5.91%	14.76%	23.04%
2299	75 Outperform	HK$9.82B	11.73	7.26%	―	-6.79%	66.07%
1234	69 Neutral	HK$4.11B	8.99	10.67%	8.16%	3.23%	-21.82%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1382	59 Neutral	HK$1.74B	12.43	4.73%	8.06%	-2.44%	-5.98%

Crystal International Group Limited Corporate Events

Crystal International Granted Waiver for Circular Dispatch Delay

Crystal International Group Limited has announced that it has received a waiver from the Hong Kong Stock Exchange to extend the dispatch date of a Circular related to major transactions involving factoring programs for customer receivables. This extension, now set for on or before September 30, 2025, allows the company additional time to prepare and finalize necessary information. The waiver is conditional, with the Hong Kong Stock Exchange retaining the right to withdraw or change it if the company’s circumstances change.