Times Universal Group Holdings (2310) AI Stock Analysis

• Market Cap: HK$43.72M
• Dividend Yield: N/A
• Average Volume (3M): 171.80K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.12
• Revenue Growth: 7.16%
• EPS Growth: -26.09%
• Country: HK
• Employees: 339
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Real Estate - Services
• EPS (TTM): >-0.01
• Shares Outstanding: 1,092,877,200
• 10 Day Avg. Volume: 197,800
• 30 Day Avg. Volume: 171,800
• PEG Ratio: 0.44
• Price to Book (P/B): -0.86
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 50.25
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$0.04 ▼(-2.50% Downside)

The score is primarily held back by weak financial performance—loss-making operations, negative equity/high leverage risk, and strained cash flow quality. Technicals provide partial support with the price above major moving averages, but momentum confirmation is mixed (slightly negative MACD). Valuation is also constrained by negative earnings and lack of dividend support.

Positive Factors

Revenue Growth

Sustained mid-single-digit top-line growth indicates ongoing demand across the firm's segments. Over a 2–6 month horizon that steady revenue base supports reinvestment and scale benefits, giving management room to focus on margin recovery and operational improvements.

Diversified Business Model

Exposure to logistics, trading and financial services reduces reliance on any single cyclical market. This portfolio mix can smooth revenue volatility and enable cross-selling and operational synergies, supporting more durable cash flows and resilience across market cycles.

Strategic Partnerships and Network

Established partnerships and an extensive network create distribution advantages and access to new clients and suppliers. These structural relationships can lower customer acquisition costs and improve competitive positioning over time if maintained and expanded.

Negative Factors

Negative Profitability

Persistent negative net profit and EBIT margins signal fundamental operating challenges. Over months this undermines internal funding capacity, limits the ability to build reserves, and forces reliance on external financing or asset sales to sustain operations and growth.

Balance Sheet Instability

Negative shareholders' equity and elevated leverage indicate solvency risk and reduced financial flexibility. Structurally, this constrains the firm's ability to raise capital, increases refinancing risk, and may limit strategic initiatives or prompt covenant pressures over a multi-month horizon.

Weak Cash Generation

Declining free cash flow growth and poor OCF-to-net income conversion point to weak cash conversion from core operations. This reduces capacity to service debt, fund capex or invest in growth initiatives, posing a durable headwind unless operational cash generation improves.

Times Universal Group Holdings Business Overview & Revenue Model

Company Description

Times Universal Group Holdings Limited, an investment holding company, engages in the hotel operation activities in the People's Republic of China and Canada. It also provides property management services; and holds investment properties for rental business. The company was formerly known as Forebase International Holdings Limited and changed its name to Times Universal Group Holdings Limited in July 2020. Times Universal Group Holdings Limited was incorporated in 1987 and is based in Sheung Wan, Hong Kong.

How the Company Makes Money

Times Universal Group Holdings generates revenue through multiple streams, primarily by operating its logistics and trading businesses, which involve the distribution of goods and commodities. The company earns income from service fees and commissions associated with its logistics operations, as well as from the sale of products in its trading segment. Additionally, it may engage in financial services, providing investment and advisory services, which contribute to its overall revenue. Strategic partnerships with other firms in related industries enhance its market reach and capabilities, further supporting its earnings potential.

Times Universal Group Holdings Financial Statement Overview

Summary

Modest revenue growth (4.91%) is outweighed by negative profitability (negative net profit and EBIT margins), high financial risk from negative equity (implying balance sheet instability), and weak cash generation signals including declining free cash flow growth and low operating cash flow to net income.

Income Statement

The company shows a modest revenue growth rate of 4.91% in the latest year, indicating some positive momentum. However, profitability remains a significant concern with negative net profit and EBIT margins, reflecting ongoing operational challenges. The gross profit margin is relatively stable but lower than industry averages, suggesting room for improvement in cost management.

Balance Sheet

The balance sheet reveals high leverage with a negative debt-to-equity ratio due to negative stockholders' equity, posing a financial risk. Return on equity is positive, but this is due to negative equity, which distorts the metric. The equity ratio is negative, indicating financial instability and potential solvency issues.

Cash Flow

Cash flow analysis shows a significant decline in free cash flow growth, highlighting cash generation challenges. The operating cash flow to net income ratio is low, indicating weak cash conversion from operations. While free cash flow to net income is positive, it is not sufficient to offset the overall cash flow weaknesses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	113.14M	110.78M	101.56M	96.06M	77.70M	58.80M
Gross Profit	23.30M	23.84M	22.07M	23.25M	19.01M	17.27M
EBITDA	-2.68M	2.56M	6.59M	-15.81M	-10.21M	-45.81M
Net Income	-9.51M	-7.50M	-8.29M	-24.18M	-20.94M	-78.78M
Balance Sheet
Total Assets	111.26M	109.98M	120.38M	137.31M	181.71M	190.92M
Cash, Cash Equivalents and Short-Term Investments	8.09M	10.19M	9.39M	19.70M	28.29M	47.83M
Total Debt	100.89M	97.19M	96.17M	105.10M	103.33M	107.66M
Total Liabilities	148.76M	145.66M	143.83M	152.18M	165.44M	155.19M
Stockholders Equity	-37.50M	-35.68M	-23.45M	-14.87M	16.27M	35.73M
Cash Flow
Free Cash Flow	-2.39M	609.00K	3.08M	-8.05M	-2.92M	-6.17M
Operating Cash Flow	-609.00K	1.62M	8.47M	-6.62M	-814.00K	-5.56M
Investing Cash Flow	-1.74M	-950.00K	-5.38M	-358.00K	-9.71M	-178.00K
Financing Cash Flow	1.65M	861.00K	-11.85M	-3.77M	-9.20M	46.11M

Times Universal Group Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2310, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.27 is Neutral, neither overbought nor oversold. The STOCH value of 69.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2310.

Times Universal Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
9978	51 Neutral	HK$30.80M	-0.42	-107.26%	―	-11.27%	-30.65%
3603	48 Neutral	HK$80.62M	-0.72	-8.33%	―	-18.46%	-12.77%
2310	46 Neutral	HK$43.72M	-5.06	―	―	7.16%	-26.09%
0352	41 Neutral	HK$88.63M	-14.81	-107.59%	―	-76.44%	40.59%
8067	41 Neutral	HK$54.00M	-1.19	-4.99%	―	1.98%	23.99%
0495	37 Underperform	HK$19.69M	-0.13	-28.82%	―	92.80%	2.26%