Eagle Nice (International) Holdings Ltd. (2368) AI Stock Analysis

• Market Cap: HK$2.30B
• Dividend Yield: 7.5%
• Average Volume (3M): 72.87K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.15
• Revenue Growth: 17.99%
• EPS Growth: -20.83%
• Country: HK
• Employees: 18,600
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.06
• Shares Outstanding: 574,180,000
• 10 Day Avg. Volume: 48,800
• 30 Day Avg. Volume: 72,866
• PEG Ratio: -0.52
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 0.48
• P/FCF Ratio: -9.37
• 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$4.50
• Price Target Upside: 12.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: HK$4.50 ▲(12.22% Upside)

Eagle Nice (International) Holdings Ltd. receives a strong overall score driven by positive technical analysis and attractive valuation metrics. The stock's price is supported by bullish momentum, and its high dividend yield enhances its appeal. However, moderate financial performance and cash flow challenges slightly temper the overall score.

Eagle Nice (International) Holdings Ltd. Business Overview & Revenue Model

Company Description

Eagle Nice (International) Holdings Limited, an investment holding company, manufactures and trades in sportswear and garments in Mainland China, the United States, Europe, Japan, and internationally. Its sportswear, such as down jackets, tracksuits, sweaters, sports pants, etc. Eagle Nice (International) Holdings Limited was founded in 1993 and is headquartered in Kwai Chung, Hong Kong.

How the Company Makes Money

Eagle Nice generates revenue primarily through the manufacturing and sale of its textile and apparel products. The company's revenue model is heavily reliant on long-term contracts with major global brands, which provide a stable income stream. Key revenue streams include the sale of high-performance outerwear and sportswear, with a focus on premium market segments. Additionally, the company benefits from economies of scale due to its production capabilities, enabling cost-effective manufacturing. Strategic partnerships with well-known brands enhance its market presence and drive sales. The company also explores opportunities in emerging markets, which contribute to its overall earnings.

Eagle Nice (International) Holdings Ltd. Financial Statement Overview

Summary

Eagle Nice (International) Holdings Ltd. demonstrates moderate financial performance with stable revenue growth but declining profitability margins. The balance sheet is relatively stable, though increased leverage poses a risk. Cash flow management is a significant concern, with negative free cash flow growth and operating cash flow. The company should focus on improving operational efficiency and cash flow generation to enhance financial stability.

Income Statement

Eagle Nice (International) Holdings Ltd. shows a moderate revenue growth rate of 6% in the latest year, with a declining trend in gross and net profit margins over the past few years. The EBIT and EBITDA margins have also decreased, indicating some pressure on operational efficiency. However, the company maintains a stable revenue base, which is a positive sign.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating higher leverage, but it remains within a manageable range. Return on equity has decreased, reflecting reduced profitability. The equity ratio is stable, suggesting a balanced asset structure. Overall, the balance sheet shows moderate financial health with some leverage concerns.

Cash Flow

The cash flow statement reveals negative free cash flow growth and a negative operating cash flow, indicating cash management challenges. The free cash flow to net income ratio is unusually high due to negative free cash flow, suggesting potential liquidity issues. The company needs to improve its cash flow generation to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.54B	4.81B	4.07B	4.05B	3.67B	3.25B
Gross Profit	739.70M	772.71M	748.69M	727.03M	617.27M	619.94M
EBITDA	487.59M	546.92M	546.10M	546.67M	459.27M	494.43M
Net Income	217.49M	217.20M	263.51M	292.64M	274.63M	313.56M
Balance Sheet
Total Assets	4.33B	3.97B	3.17B	3.07B	3.13B	2.57B
Cash, Cash Equivalents and Short-Term Investments	486.45M	387.39M	490.06M	516.53M	456.46M	442.99M
Total Debt	1.40B	1.47B	913.15M	634.63M	670.37M	437.53M
Total Liabilities	2.32B	2.15B	1.54B	1.39B	1.40B	1.02B
Stockholders Equity	1.94B	1.75B	1.58B	1.63B	1.67B	1.51B
Cash Flow
Free Cash Flow	-291.16M	-245.21M	-22.09M	413.82M	-29.06M	391.75M
Operating Cash Flow	-159.41M	-146.00K	229.27M	561.13M	182.72M	417.36M
Investing Cash Flow	-372.78M	-321.77M	-271.70M	-198.48M	-197.13M	18.79M
Financing Cash Flow	307.01M	234.93M	42.54M	-271.82M	15.04M	-317.12M

Eagle Nice (International) Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.01
• 50DMA: Positive
• 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:2368, the sentiment is Positive. The current price of 4.01 is above the 20-day moving average (MA) of 3.94, above the 50-day MA of 3.77, and above the 200-day MA of 3.85, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 37.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2368.

Eagle Nice (International) Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2368	72 Outperform	HK$2.30B	10.40	13.04%	7.50%	17.99%	-20.83%
Sector *	61 Neutral	$17.23B	11.51	-5.97%	3.09%	1.37%	-15.81%
CDGXF	―	$370.51M	5.12	2.27%	11.05%	―	―
PTEXF	―	$262.62M	10.45	5.75%	―	―	―
2030	73 Outperform	HK$1.02B	31.73	2.21%	1.18%	-14.05%	20.05%
1982	72 Outperform	HK$1.98B	5.79	14.40%	12.99%	-0.61%	-5.36%
2199	65 Neutral	HK$2.33B	12.65	5.63%	1.32%	11.73%	28.38%

Eagle Nice (International) Holdings Ltd. Corporate Events

Eagle Nice Announces Annual General Meeting with Key Resolutions

Eagle Nice (International) Holdings Ltd. has announced its upcoming annual general meeting scheduled for August 8, 2025, where key resolutions will be discussed. These include the approval of financial statements, declaration of a final dividend, re-election of directors, re-appointment of auditors, and authorization for directors to manage share capital matters. This meeting is crucial for stakeholders as it addresses significant governance and financial decisions that could impact the company’s strategic direction and shareholder value.

Eagle Nice Announces Executive Leadership Changes

Eagle Nice (International) Holdings Ltd. announced changes in its executive leadership, effective June 30, 2025. Mr. Chou Wei-Te has been appointed as the new Executive Director, bringing over 30 years of experience in finance, accounting, and administration management. Mr. Chou’s extensive background includes roles at Yue Yuen Industrial and Pou Chen Corporation, where he has been instrumental in administrative management across Chinese Mainland and Southeast Asia. Concurrently, Mr. Shih Chih-Hung has resigned from his position as Executive Director to focus on other business commitments, with no disagreements reported with the board. The company expressed gratitude for Mr. Shih’s contributions and welcomed Mr. Chou to the board.

Eagle Nice Announces Change of Principal Business Location in Hong Kong

Eagle Nice (International) Holdings Ltd. announced a change in its principal place of business in Hong Kong to a new location at 9th Floor, Tower B, Regent Centre, 63 Wo Yi Hop Road, Kwai Chung, effective from June 12, 2025. This strategic move is expected to enhance the company’s operational efficiency and may have implications for its stakeholders, reflecting its ongoing commitment to optimizing business operations.

Eagle Nice Reports Revenue Growth Amid Profit Margin Decline

Eagle Nice (International) Holdings Ltd. reported an 18% increase in revenue to HK$4,807.9 million for the year ending March 31, 2025. Despite the revenue growth, the company’s gross profit margin decreased from 18.4% to 16.1%, and net profit margin fell from 6.5% to 4.5%, leading to a 17.6% drop in profit attributable to owners, totaling HK$217.2 million. The board recommended a final dividend of HK4 cents per share, down from HK8 cents the previous year, reflecting the financial challenges faced despite increased sales.

Eagle Nice Announces Final Dividend for FY2025

Eagle Nice (International) Holdings Ltd. has announced a final ordinary dividend of HKD 0.04 per share for the financial year ending 31 March 2025. The dividend will be paid on 12 September 2025, with the ex-dividend date set for 25 August 2025 and the record date on 29 August 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.

Eagle Nice to Announce Fiscal Year Results and Dividend Decisions

Eagle Nice (International) Holdings Ltd. announced that its board of directors will convene on June 11, 2025, to approve the company’s final results for the fiscal year ending March 31, 2025. During this meeting, decisions regarding the declaration, recommendation, or payment of a final dividend will also be made. This announcement is significant as it provides insight into the company’s financial performance and potential shareholder returns, which are critical for stakeholders and investors.