SMC Electric Limited (HK:2381)
:2381
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SMC Electric Limited
(2381)
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Rating:57Neutral
Price Target:
HK$0.15
▼(-13.53% Downside)
Action:ReiteratedDate:04/28/26
The score is held back primarily by weaker 2025 profitability and cash-flow deterioration, despite a notably conservative balance sheet. Technicals point to muted momentum, while valuation is mixed with a high P/E partly offset by a strong dividend yield.
Positive Factors
Strong Balance Sheet
Consistently low leverage and a sizable equity base provide durable financial flexibility. With debt-to-equity near 2.9% and historically 2%–5%, the company can better absorb cyclical demand swings, fund capex or dividends, and withstand operational stress without forcing asset sales or heavy refinancing.
Negative Factors
Revenue Decline
A sharp ~17% revenue decline in 2025 indicates weakening demand or lost market share that can persist beyond a single year. Reduced top-line scale undermines operating leverage, constrains ability to invest in growth or R&D, and raises the risk that margins and cash generation remain depressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Consistently low leverage and a sizable equity base provide durable financial flexibility. With debt-to-equity near 2.9% and historically 2%–5%, the company can better absorb cyclical demand swings, fund capex or dividends, and withstand operational stress without forcing asset sales or heavy refinancing.
Read all positive factors
SMC Electric Limited (2381) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$296.00M
Dividend Yield6.94%
Average Volume (3M)3.29M
Price to Earnings (P/E)34.2
Beta (1Y)0.52
Revenue Growth-15.34%
EPS Growth-64.39%
CountryHK
Employees115
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,000,000,000
10 Day Avg. Volume1,063,000
30 Day Avg. Volume3,287,666
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)2.58
Price to Sales (P/S)1.49
P/FCF Ratio81.28
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
SMC Electric Limited Business Overview & Revenue Model
Company Description
SMC Electric Limited, an investment holding company, designs, manufactures, and markets electric tools in the United States, Canada, and Mexico. The company's products include fans, work lights, and vacuum cleaners. It also sources and sells elect...
SMC Electric Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
86
Very Positive
Cash Flow
50
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 217.82M | 257.28M | 232.92M | 254.49M | 230.44M |
| Gross Profit | 51.38M | 71.08M | 63.69M | 69.96M | 61.89M |
| EBITDA | 8.06M | 26.30M | 24.60M | 34.94M | 39.13M |
| Net Income | 9.48M | 26.36M | 20.77M | 22.37M | 28.32M |
Balance Sheet | |||||
| Total Assets | 186.17M | 203.14M | 183.33M | 182.35M | 224.21M |
| Cash, Cash Equivalents and Short-Term Investments | 70.95M | 90.43M | 82.16M | 89.30M | 90.91M |
| Total Debt | 3.61M | 6.97M | 3.60M | 5.36M | 3.64M |
| Total Liabilities | 60.82M | 67.56M | 54.07M | 43.63M | 59.82M |
| Stockholders Equity | 125.35M | 135.58M | 129.26M | 138.72M | 164.40M |
Cash Flow | |||||
| Free Cash Flow | 3.99M | 29.53M | 26.06M | 48.05M | 24.67M |
| Operating Cash Flow | 14.80M | 31.04M | 27.81M | 48.85M | 28.87M |
| Investing Cash Flow | -10.79M | 1.40M | 659.00K | -212.00K | -4.10M |
| Financing Cash Flow | -23.71M | -23.71M | -35.51M | -49.63M | -11.66M |
SMC Electric Limited Technical Analysis
Positive
0.17
Price Trends
0.15
Negative
0.15
Negative
0.13
Positive
Market Momentum
>-0.01
Negative
55.43
Neutral
101.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2381, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.43 is Neutral, neither overbought nor oversold. The STOCH value of 101.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2381.
SMC Electric Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$315.16M | 107.81 | 1.58% | 8.93% | -32.59% | -94.74% | |
57 Neutral | HK$296.00M | 34.18 | 6.92% | 6.94% | -15.34% | -64.39% | |
49 Neutral | HK$280.00M | -1.63 | -4.18% | 9.76% | -44.29% | -598.72% | |
44 Neutral | HK$187.60M | -3.37 | -48.35% | ― | -48.40% | 63.44% | |
41 Neutral | HK$76.58M | -0.04 | ― | ― | ― | ― | |
39 Underperform | HK$181.64M | -0.57 | 32.54% | ― | -45.11% | 16.34% |
* Consumer Cyclical Sector Average
HK:2381
SMC Electric Limited
0.15
0.06
60.87%
HK:1575
Morris Home Holdings Limited
0.05
<0.01
9.09%
HK:1715
Miji International Holdings Limited
0.52
0.27
108.00%
HK:2127
Huisen Household International Group Limited
0.02
0.00
0.00%
HK:0396
Hing Lee (HK) Holdings Limited
0.39
0.32
427.03%
HK:6822
King's Flair International (Holdings) Limited
0.40
0.07
21.21%
SMC Electric Limited Corporate Events
SMC Electric sets 2026 AGM to approve dividend, director slate and share issue mandate
Apr 24, 2026
SMC Electric Limited has called its annual general meeting for 11 June 2026 in Hong Kong to review the audited financial statements for the year ended 31 December 2025 and consider a proposed final dividend of HK0.5 cent per share. Shareholders wi...
SMC Electric Profit Drops on Lower Revenue and Margin Pressure in 2025
Mar 26, 2026
SMC Electric Limited reported audited consolidated results for the year ended 31 December 2025, showing revenue of HK$217.8 million, down from HK$257.3 million a year earlier, and gross profit of HK$51.4 million versus HK$71.1 million in 2024. Net...
SMC Electric Announces Final Cash Dividend for 2025 Financial Year
Mar 26, 2026
SMC Electric Limited has proposed a final ordinary cash dividend of HK$0.005 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars following shareholder approval scheduled for 11 June 2026. The dividend will be paid...
SMC Electric Moves to Modernise Governance with New Constitutional Documents
Mar 26, 2026
SMC Electric Limited plans to overhaul its constitutional documents by replacing its existing memorandum and articles of association with a third amended and restated version. The move is designed to align the company’s governance framework ...
SMC Electric Sets March Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
SMC Electric Limited has scheduled a board meeting for 26 March 2026 in Hong Kong to review and approve the audited consolidated annual results for the financial year ended 31 December 2025. The meeting may also address other corporate matters, si...
SMC Electric warns of sharp profit slump for 2025 on weaker revenue
Mar 2, 2026
SMC Electric Limited has warned that profit attributable to owners for the year ended 31 December 2025 is expected to fall sharply to between HK$8 million and HK$12 million, compared with HK$26.36 million a year earlier. The company attributed the...
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.