Fenbi Limited (2469) AI Stock Analysis

• Market Cap: HK$6.09B
• Dividend Yield: N/A
• Average Volume (3M): 54.92M
• Price to Earnings (P/E): 29.3
• Beta (1Y): 1.22
• Revenue Growth: -10.99%
• EPS Growth: -50.16%
• Country: HK
• Employees: 7,177
• Sector: Technology
• Sector Strength: 88
• Industry: Education & Training Services
• EPS (TTM): 0.12
• Shares Outstanding: 2,235,465,000
• 10 Day Avg. Volume: 38,023,878
• 30 Day Avg. Volume: 54,915,579
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$3.00
• Price Target Upside: 7.91% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: HK$3.00 ▲(7.91% Upside)

Fenbi Limited's overall stock score is primarily influenced by its mixed financial performance and technical indicators. The company's positive net income and strong gross profit margins are offset by challenges in revenue growth and cash flow management. The technical analysis indicates a bearish short-term trend, while the valuation suggests the stock is overvalued, limiting its attractiveness to investors.

Fenbi Limited Business Overview & Revenue Model

Company Description

Fenbi 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 Money

Fenbi Limited generates revenue through a subscription-based model where users pay for access to its digital learning platforms and resources. Key revenue streams include subscription fees for test preparation courses, premium educational content, and interactive learning tools. The company may also earn income through strategic partnerships with educational institutions or other tech companies, which can involve licensing its digital content or technology solutions. Additionally, Fenbi Limited might monetize its platforms through advertisements or commissions from affiliate programs related to educational products and services.

Fenbi Limited Financial Statement Overview

Summary

Fenbi Limited demonstrates mixed financial performance with strengths in gross profit margins and equity financing, but faces challenges in revenue growth and cash flow stability. The transition to a positive net income is a positive sign, yet the company must address cash flow management to sustain long-term growth.

Income Statement

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.79B	3.02B	2.81B	3.43B	2.13B
Gross Profit	1.46B	1.57B	1.37B	840.87M	489.93M
EBITDA	266.73M	311.49M	-1.87B	-1.75B	-418.55M
Net Income	239.57M	188.57M	-2.09B	-2.05B	-484.47M
Balance Sheet
Total Assets	1.88B	2.12B	1.63B	2.14B	1.37B
Cash, Cash Equivalents and Short-Term Investments	1.22B	1.63B	1.11B	1.17B	684.29M
Total Debt	90.57M	118.26M	164.28M	435.69M	307.31M
Total Liabilities	673.48M	854.76M	12.50B	10.38B	7.95B
Stockholders Equity	1.20B	1.27B	-10.86B	-8.23B	-6.58B
Cash Flow
Free Cash Flow	269.74M	531.59M	-120.11M	-1.13B	323.55M
Operating Cash Flow	290.96M	587.84M	-83.99M	-915.13M	459.13M
Investing Cash Flow	469.45M	-911.54M	-36.79M	156.52M	-187.98M
Financing Cash Flow	-498.66M	-74.50M	-85.24M	1.61B	-100.28M

Fenbi Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.78
• 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:2469, the sentiment is Negative. The current price of 2.78 is below the 20-day moving average (MA) of 2.91, below the 50-day MA of 3.18, and above the 200-day MA of 2.67, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 28.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2469.

Fenbi Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2001	81 Outperform	2.31B	2.70	18.39%	7.24%	9.07%	5.93%
0839	76 Outperform	8.93B	25.60	2.64%	9.97%	12.33%	-80.20%
3978	69 Neutral	3.97B	12.83	―	4.55%	174.65%	145.66%
0667	62 Neutral	15.31B	21.81	8.92%	3.17%	7.48%	87.88%
1769	60 Neutral	1.46B	10.44	22.93%	2.71%	23.95%	-1.00%
2469	56 Neutral	HK$6.09B	29.26	13.58%	―	-10.99%	-50.16%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Fenbi Limited Corporate Events

Fenbi Limited Reports Interim Financial Results for H1 2025

Fenbi Limited announced its unaudited interim results for the first half of 2025, showing a decline in revenue and net profit compared to the same period in 2024. Despite the decrease in financial performance, the company maintained a stable number of employees and saw a slight increase in average monthly active users, indicating resilience in its operational capacity.

The most recent analyst rating on (HK:2469) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Fenbi Limited stock, see the HK:2469 Stock Forecast page.

Fenbi Limited Schedules Board Meeting to Review Interim Results and Dividend

Fenbi Limited has announced a board meeting scheduled for August 29, 2025, to discuss and approve the interim financial results for the first half of the year ending June 30, 2025. The meeting will also consider the possibility of declaring an interim dividend, which could have implications for the company’s financial strategy and shareholder returns.

Fenbi Limited Redirects Global Offering Proceeds to AI Investments

Fenbi Limited announced a change in the use of proceeds from its global offering, reallocating the unutilized funds of approximately HK$60.8 million. The company plans to invest in AI vertical model technology, research development, and AI product commercialization, as well as in advanced AI-related high-end talent and infrastructure. This strategic shift aims to enhance its technological capabilities and market positioning, with the expectation to fully utilize the funds by December 2026.

Fenbi Limited Reports Decline in Profits but Sees Growth in AI-Driven Courses

Fenbi Limited announced a decrease in revenue and net profit for the first half of 2025 due to intense competition in the tutoring industry. However, the company is optimistic about future growth prospects, driven by its innovative AI-empowered courses. These courses have significantly enhanced learning efficiency and increased student repurchase rates, with plans to expand the course offerings to additional subjects.

Fenbi Limited Announces Successful AGM Outcomes

Fenbi Limited announced the results of its Annual General Meeting held on June 27, 2025, where all proposed resolutions were passed with significant majorities. Key resolutions included the re-election of executive directors, the re-appointment of PricewaterhouseCoopers as the auditor, and the granting of mandates to the board for share allotment and repurchase. These outcomes reflect strong shareholder support and are likely to impact the company’s strategic operations positively.