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Fenbi Limited (HK:2469)
:2469
Hong Kong Market

Fenbi Limited (2469) AI Stock Analysis

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HK:2469

Fenbi Limited

(2469)

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Neutral 54 (OpenAI - 4o)
Rating:54Neutral
Price Target:
HK$2.50
▲(14.16% Upside)
Fenbi Limited's overall stock score reflects a combination of mixed financial performance, bearish technical indicators, and a relatively high valuation. The company's strengths in gross profit margins and positive net income are offset by challenges in revenue growth, cash flow stability, and negative market momentum.
Positive Factors
Strong Gross Profit Margins
Strong gross profit margins indicate efficient cost management, allowing the company to maintain profitability even with fluctuating revenues.
Positive Transition to Net Income
Achieving positive net income marks a significant turnaround, enhancing the company's financial health and investor confidence.
Low Debt-to-Equity Ratio
A low debt-to-equity ratio suggests financial stability and flexibility, reducing risk and enabling strategic investments for growth.
Negative Factors
Revenue Decline
Declining revenue trends pose challenges for sustaining growth, potentially impacting long-term business viability and market position.
Inconsistent Cash Flow
Inconsistent cash flow and lack of free cash flow can hinder the company's ability to invest in growth opportunities and manage liabilities.
Revenue Growth Challenges
Addressing revenue growth challenges is crucial for long-term sustainability, requiring strategic initiatives to enhance market reach and product offerings.

Fenbi Limited (2469) vs. iShares MSCI Hong Kong ETF (EWH)

Fenbi Limited Business Overview & Revenue Model

Company DescriptionFenbi Ltd., an investment holding company, provides non-formal vocational education and training services in the People's Republic of China. The company operates through Classroom-Based Tutoring Services, Online Tutoring Services, and Sales of Books. It offers classroom teaching to the students who physically attend the lectures in tutoring centers and tutoring bases/campuses. The company also engages in the provision tutoring courses services, primarily online tutoring courses services, membership package, challenge exercise, etc.; and sales of books. Fenbi Ltd. was incorporated in 2013 and is headquartered in Beijing, the People's Republic of China.
How the Company Makes MoneyFenbi Limited generates revenue through multiple streams, primarily by offering subscription-based access to its online learning platforms and resources. The company charges fees for individual courses and tutoring services, targeting students and professionals seeking to enhance their skills and knowledge. Additionally, Fenbi partners with educational institutions and corporate clients to provide tailored training solutions, further diversifying its revenue. Advertising and sponsorship opportunities within its online platforms also contribute to its earnings, alongside potential revenue from data analytics services that provide insights to educational stakeholders.

Fenbi Limited Financial Statement Overview

Summary
Fenbi Limited demonstrates mixed financial performance with strong gross profit margins and a positive shift to net income. However, challenges in revenue growth and cash flow stability need addressing for sustained growth.
Income Statement
65
Positive
Fenbi Limited shows a fluctuating revenue trend with a recent decline, indicating potential challenges in maintaining growth. Despite this, the company has managed to achieve positive net income after several years of losses. Gross profit margins remain strong, suggesting efficient cost management, but the net profit margin indicates room for improvement in operational efficiency.
Balance Sheet
70
Positive
The company's balance sheet reflects a strong equity position with a positive stockholders' equity after a period of deficit. The debt-to-equity ratio is low, indicating low leverage and financial stability. However, the equity ratio suggests that a larger proportion of assets are financed by equity, which can be both a strength and a weakness depending on future growth strategies.
Cash Flow
50
Neutral
Cash flow from operations is inconsistent, with a lack of free cash flow in the most recent period, highlighting potential cash management issues. The company previously demonstrated strong free cash flow growth, but recent figures show significant declines, indicating the need for improved cash flow management to support future growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.65B2.79B3.02B2.81B3.43B2.13B
Gross Profit1.39B1.46B1.57B1.37B840.87M489.93M
EBITDA196.50M266.73M311.49M-1.87B-1.75B-418.55M
Net Income188.48M239.57M188.57M-2.09B-2.05B-484.47M
Balance Sheet
Total Assets2.06B1.88B2.12B1.63B2.14B1.37B
Cash, Cash Equivalents and Short-Term Investments1.33B1.22B1.63B1.11B1.17B684.29M
Total Debt69.63M90.57M118.26M164.28M435.69M6.70B
Total Liabilities592.29M673.48M854.76M12.50B10.38B7.95B
Stockholders Equity1.47B1.20B1.27B-10.86B-8.23B-6.58B
Cash Flow
Free Cash Flow254.22M269.74M531.59M-120.11M-1.13B323.55M
Operating Cash Flow269.55M290.96M587.84M-83.99M-915.13M459.13M
Investing Cash Flow157.12M469.45M-911.54M-36.79M156.52M-187.98M
Financing Cash Flow-146.97M-498.66M-74.50M-85.24M1.61B-100.28M

Fenbi Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.19
Price Trends
50DMA
2.90
Negative
100DMA
2.99
Negative
200DMA
2.73
Negative
Market Momentum
MACD
-0.22
Positive
RSI
26.71
Positive
STOCH
2.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2469, the sentiment is Negative. The current price of 2.19 is below the 20-day moving average (MA) of 2.78, below the 50-day MA of 2.90, and below the 200-day MA of 2.73, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 26.71 is Positive, neither overbought nor oversold. The STOCH value of 2.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2469.

Fenbi Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
HK$2.03B1.9418.04%10.44%7.71%11.65%
76
Outperform
HK$9.35B8.855.90%9.49%11.85%100.46%
67
Neutral
HK$15.45B21.9711.36%3.15%7.48%87.88%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
62
Neutral
HK$1.30B8.3420.01%3.57%23.95%-1.00%
60
Neutral
HK$3.10B9.9544.08%5.82%174.65%145.66%
54
Neutral
HK$4.80B22.6313.58%-10.99%-50.16%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2469
Fenbi Limited
2.15
-0.44
-16.99%
HK:1769
Scholar Education Group
2.06
-2.73
-56.99%
HK:2001
China New Higher Education Group Ltd
1.03
0.08
8.42%
HK:3978
China Beststudy Education Group
4.11
0.66
19.13%
HK:0667
China East Education Holdings Limited
6.98
4.37
167.43%
HK:0839
China Education Group Holdings Limited
3.40
0.08
2.41%

Fenbi Limited Corporate Events

Fenbi Limited Announces Share Purchase Under 2023 Scheme
Dec 4, 2025

Fenbi Limited has announced a voluntary share purchase under its 2023 Restricted Share Unit Scheme. From November 1 to November 30, 2025, the company purchased 8,500,000 shares, representing approximately 0.38% of the existing total shares, at an average price of HK$3.00 per share. This initiative is part of Fenbi’s strategy to benefit eligible participants, with the board retaining discretion over future share awards and purchases.

Fenbi Limited Streamlines Operations with Equity Transfer and Contractual Amendments
Nov 18, 2025

Fenbi Limited has announced amendments to its contractual arrangements, involving an equity transfer agreement where Mr. LI Yong, Mr. LI Xin, and Mr. GUO Changzhen have transferred their equity interests in Fenbi Bluesky to Mr. Zhang. This move, which increases Mr. Zhang’s stake to 92.75%, is aimed at streamlining management and improving operational efficiency by reducing the number of registered shareholders, thereby minimizing administrative tasks and filings.

Fenbi Limited Updates on Pre-IPO Share Option Scheme
Nov 6, 2025

Fenbi Limited has released a supplemental announcement concerning its annual report for the year ended December 31, 2024. The announcement provides additional details about the Pre-IPO Share Option Scheme, specifically regarding the movements of outstanding options held by employees of the group. These options, granted at a minimal exercise price, have seen significant activity, with a substantial number exercised during the reporting period. This update may impact stakeholders by providing insights into employee incentives and potential future share distributions.

Fenbi Limited Executes Share Purchase Under 2023 RSU Scheme
Nov 5, 2025

Fenbi Limited announced the purchase of 3,250,000 shares from the market as part of its 2023 Restricted Share Unit Scheme, which aims to benefit eligible participants. This move represents approximately 0.15% of the company’s total shares in issue, with a total consideration of approximately HK$9,006,900. The scheme, adopted on June 14, 2023, has granted 63,051,700 restricted share units to 5,302 eligible participants, highlighting Fenbi’s commitment to incentivizing its stakeholders and potentially strengthening its market position.

Fenbi Chairman Increases Shareholding, Signals Confidence in Growth
Nov 5, 2025

Fenbi Limited announced that its chairman and substantial shareholder, Mr. Zhang Xiaolong, has increased his shareholding in the company by acquiring 300,000 shares. This move is seen as a demonstration of confidence in the company’s growth prospects. The acquisition did not affect the public float or trigger any mandatory general offer obligations under the Takeovers Code. The company remains committed to transparency and will continue to disclose relevant information regarding shareholding changes.

Fenbi Chairman Increases Shareholding, Signaling Confidence in Growth
Nov 3, 2025

Fenbi Limited announced an increase in shareholding by its chairman and substantial shareholder, Mr. Zhang Xiaolong, who acquired a total of 1,030,000 shares. This move reflects Mr. Zhang’s confidence in the company’s growth potential and development prospects. The acquisition did not affect the company’s public float or trigger mandatory general offer obligations under the Takeovers Code. The company remains committed to transparency and will continue to update shareholders and potential investors on any future changes in shareholding.

Fenbi Limited Announces HK$200 Million Share Repurchase Plan
Nov 3, 2025

Fenbi Limited has announced a voluntary share repurchase program, intending to buy back up to 223,368,003 shares, which represents 10% of its total issued shares, for a maximum of HK$200 million over the next six months. The company believes its shares are undervalued and sees this move as a demonstration of confidence in its business outlook, aiming to enhance shareholder value and improve returns.

Fenbi Limited’s Shareholders Increase Stake, Reflecting Confidence in Growth
Oct 20, 2025

Fenbi Limited, a company listed on the Hong Kong Stock Exchange, has announced an increase in shareholding by its substantial shareholders. Mr. Wei Liang, an executive director and concert party of Mr. Zhang Xiaolong, acquired 350,000 shares, demonstrating confidence in the company’s growth potential. Following these acquisitions, the concert parties hold approximately 24.70% of the company’s total issued share capital. The company assures that the public float remains sufficient and that the acquisitions do not trigger mandatory general offer obligations under the Takeovers Code.

Fenbi Ltd. Executives Commit to 24-Month Share Lock-Up
Oct 20, 2025

Fenbi Ltd. announced that its chairman, Mr. Zhang Xiaolong, and substantial shareholder, Mr. Wei Liang, have voluntarily agreed not to sell their shares for 24 months starting October 20, 2025. This move reflects their confidence in the company’s long-term value and aims to protect investor interests.

Fenbi Chairman Increases Stake, Signaling Confidence in Growth
Oct 20, 2025

Fenbi Limited announced that its chairman and substantial shareholder, Mr. Zhang Xiaolong, has increased his shareholding in the company by acquiring 810,000 additional shares. This move is seen as a demonstration of Mr. Zhang’s confidence in Fenbi’s growth potential and development prospects. The company maintains sufficient public float and the increase in shareholding does not trigger mandatory general offer obligations under the Takeovers Code. Fenbi’s management has expressed strong confidence in the company’s business development and plans to further increase their shareholdings in the future.

Fenbi Limited Grants Over 11 Million RSUs to Employees
Oct 15, 2025

Fenbi Limited has announced the grant of 11,209,000 Restricted Share Units (RSUs) to 223 employees under its 2023 RSU Scheme. This move is aimed at incentivizing employees, with the RSUs vesting over a period of up to four years, reflecting the company’s commitment to retaining talent and enhancing its market position.

Fenbi Limited Announces Key Changes in Company Secretary Roles
Sep 29, 2025

Fenbi Limited has announced a change in its joint company secretary and process agent roles. Mr. Lee Chung Shing has resigned from these positions, and Ms. Leung Hoi Yan has been appointed in his place, effective September 29, 2025. This change is accompanied by a waiver from strict compliance with certain listing rules. Ms. Leung brings over 14 years of experience in company secretarial services and corporate governance, which is expected to enhance the company’s operational efficiency and governance standards.

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.Date of analysis: Dec 13, 2025