Fenbi Limited (HK:2469)
:2469
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Fenbi Limited
(2469)
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Rating:54Neutral
Price Target:
HK$0.88
▼(-59.77% Downside)
Action:ReiteratedDate:05/01/26
The score is primarily supported by improved financial health (profitability and positive cash flow with low leverage), but is held back by very weak technicals (strong downtrend and negative momentum) and limited valuation support due to a negative P/E and no dividend yield.
Positive Factors
Return to profitability & cash generation
Sustained profitability and positive operating cash flow across 2023–2025 indicate the business model can generate internal funding for operations and investment. Over 2–6 months this reduces refinancing risk, supports product development and marketing, and improves earnings quality versus past loss years.
Negative Factors
Declining revenue
Consecutive years of revenue decline signal structural demand or competitive pressures that impair long-term scalability. With shrinking top line, sustaining investment, realizing operating leverage, and maintaining growth guidance become harder, increasing execution risk over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability & cash generation
Sustained profitability and positive operating cash flow across 2023–2025 indicate the business model can generate internal funding for operations and investment. Over 2–6 months this reduces refinancing risk, supports product development and marketing, and improves earnings quality versus past loss years.
Read all positive factors
Fenbi Limited (2469) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.89B
Dividend YieldN/A
Average Volume (3M)32.93M
Price to Earnings (P/E)20.4
Beta (1Y)1.55
Revenue Growth-4.13%
EPS Growth-16.44%
CountryHK
Employees7,177
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding2,238,937,000
10 Day Avg. Volume38,819,577
30 Day Avg. Volume32,932,388
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)3.00
Price to Sales (P/S)1.51
P/FCF Ratio18.15
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)0.12
Revenue Forecast (FY)HK$2.80B
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 Boo...
Fenbi Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.61B | 2.79B | 3.02B | 2.81B | 3.43B |
| Gross Profit | 1.40B | 1.46B | 1.57B | 1.37B | 840.87M |
| EBITDA | 227.72M | 266.73M | 311.49M | -1.87B | -1.75B |
| Net Income | 193.00M | 239.57M | 188.57M | -2.09B | -2.05B |
Balance Sheet | |||||
| Total Assets | 1.85B | 1.88B | 2.12B | 1.63B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 1.22B | 1.63B | 1.11B | 1.17B |
| Total Debt | 65.14M | 90.57M | 118.26M | 164.28M | 435.69M |
| Total Liabilities | 540.44M | 673.48M | 854.76M | 12.50B | 10.38B |
| Stockholders Equity | 1.31B | 1.20B | 1.27B | -10.86B | -8.23B |
Cash Flow | |||||
| Free Cash Flow | 216.36M | 269.74M | 531.59M | -120.11M | -1.13B |
| Operating Cash Flow | 226.32M | 290.96M | 587.84M | -83.99M | -915.13M |
| Investing Cash Flow | -74.50M | 469.45M | -911.54M | -36.79M | 156.52M |
| Financing Cash Flow | -213.07M | -498.66M | -74.50M | -85.24M | 1.61B |
Fenbi Limited Technical Analysis
Negative
2.18
Price Trends
1.42
Negative
1.96
Negative
2.48
Negative
Market Momentum
-0.12
Negative
32.36
Neutral
53.19
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 2.18 is above the 20-day moving average (MA) of 1.09, above the 50-day MA of 1.42, and below the 200-day MA of 2.48, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 32.36 is Neutral, neither overbought nor oversold. The STOCH value of 53.19 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$1.46B | 2.11 | 17.52% | 10.76% | 7.71% | 11.65% | |
72 Outperform | HK$2.44B | 9.30 | 37.07% | 5.86% | 72.87% | 54.16% | |
65 Neutral | HK$6.50B | 2.41 | 5.88% | 9.49% | 8.65% | 142.58% | |
64 Neutral | HK$11.73B | 17.82 | 12.59% | 3.15% | 12.22% | 45.94% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | HK$1.89B | 20.35 | 14.29% | ― | -4.13% | -16.44% | |
51 Neutral | HK$1.06B | -1.92 | -9.91% | 3.40% | -7.92% | -136.79% |
* Consumer Defensive Sector Average
HK:2469
Fenbi Limited
0.86
-1.37
-61.43%
HK:1769
Scholar Education Group
1.61
-3.27
-67.01%
HK:2001
China New Higher Education Group Ltd
0.74
-0.08
-9.76%
HK:3978
China Beststudy Education Group
3.26
-2.01
-38.14%
HK:0667
China East Education Holdings Limited
5.29
-0.43
-7.52%
HK:0839
China Education Group Holdings Limited
2.32
-0.06
-2.52%
Fenbi Limited Corporate Events
Fenbi Sets 2026 AGM to Approve Accounts, Board Mandates and 20% Share Issuance Authority
Apr 27, 2026
Fenbi Ltd. has called its annual general meeting for 26 June 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and board and auditor reports for the year ended 31 December 2025. The agenda al...
Fenbi Appoints Chairman Zhang Xiaolong as New Authorized Representative
Apr 2, 2026
Fenbi Ltd. has reshuffled its authorized representatives on the Hong Kong Stock Exchange following the earlier resignation of executive director Wei Liang from his board role. The company has appointed executive director and chairman Zhang Xiaolon...
Fenbi Executive Director Resigns but Retains President Role, Concert-Party Control Intact
Apr 1, 2026
Fenbi Ltd. announced that executive director Wei Liang has resigned from the board, and stepped down from the remuneration and nomination committees, as part of an internal reallocation of duties effective immediately. Wei will remain president of...
Fenbi Sets Out Board Line-Up and Governance Committee Roles
Apr 1, 2026
Fenbi Ltd. has announced the current composition of its board of directors, led by executive director and chairman Zhang Xiaolong, alongside one non-executive director and three independent non-executive directors. The updated structure reflects a...
Fenbi grants over 10 million RSUs to 185 employees under 2023 scheme
Apr 1, 2026
Fenbi Ltd. has granted 10,195,000 restricted share units under its 2023 RSU Scheme to 185 employees, with no purchase price, based on a grant-date closing share price of HK$1.12. The award, which equates to the same number of underlying shares, re...
Fenbi’s 2025 Profit Slides as Revenue Softens and Margins Tighten
Mar 31, 2026
Fenbi Ltd. reported a slight year-on-year decline in revenue to RMB2.68 billion and a drop in profit to RMB198.1 million for 2025, reflecting softer top-line performance and higher research and development spending. Despite stable average monthly ...
Fenbi Sets March 31 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 19, 2026
Fenbi Ltd. has scheduled a board meeting for March 31, 2026 to review and approve the annual results for the year ended December 31, 2025, covering the company, its subsidiaries and consolidated affiliated entities, and to authorize their publicat...
Fenbi issues profit alert as competition hits 2025 earnings
Feb 24, 2026
Fenbi Ltd. has warned investors that its 2025 revenue is expected to fall by up to 4.8% to no less than RMB2.66 billion, reflecting weaker sales of tutoring services and books amid intensifying competition in China’s recruitment exam tutorin...
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.