Fenbi Limited (2469) AI Stock Analysis

• Market Cap: HK$6.38B
• Dividend Yield: N/A
• Average Volume (3M): 81.97M
• Price to Earnings (P/E): 30.6
• Beta (1Y): 1.22
• Revenue Growth: -10.99%
• EPS Growth: -50.16%
• Country: HK
• Employees: 7,177
• Sector: Technology
• Sector Strength: 83
• Industry: Education & Training Services
• EPS (TTM): 0.12
• Shares Outstanding: 2,235,465,000
• 10 Day Avg. Volume: 52,844,273
• 30 Day Avg. Volume: 81,966,161
• 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$4.00
• Price Target Upside: 36.99% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: HK$4.00 ▲(36.99% Upside)

Fenbi Limited's stock score is driven by strong technical indicators, indicating positive market momentum. However, the high P/E ratio and cash flow challenges weigh on the overall score. The company's transition to profitability is a positive sign, but financial stability needs improvement for sustained growth.

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: Neutral
• Last Price: 2.92
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2469, the sentiment is Neutral. The current price of 2.92 is below the 20-day moving average (MA) of 3.24, below the 50-day MA of 3.13, and above the 200-day MA of 2.65, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 39.53 is Neutral, neither overbought nor oversold. The STOCH value of 3.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2469.

Fenbi Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2001	75 Outperform	HK$2.17B	2.51	18.95%	7.70%	9.07%	5.93%
0839	71 Outperform	HK$7.76B	22.23	1.91%	11.36%	12.33%	-80.20%
3978	69 Neutral	HK$3.96B	12.80	44.08%	2.32%	174.65%	145.66%
0667	66 Neutral	HK$17.01B	24.24	11.36%	2.86%	7.48%	87.88%
2469	65 Neutral	HK$6.38B	30.63	13.58%	―	-10.99%	-50.16%
1769	60 Neutral	HK$1.30B	9.31	20.01%	3.04%	23.95%	-1.00%
Sector *	54 Neutral	$291.06M	3.16	-13.27%	2.78%	5.71%	-76.50%

Fenbi Limited Corporate Events

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.

Fenbi Limited Announces Annual General Meeting and Key Resolutions

Fenbi Limited has announced its upcoming annual general meeting scheduled for June 27, 2025, in Hong Kong. Key agenda items include the adoption of the audited financial statements for 2024, re-election of executive directors, reappointment of PricewaterhouseCoopers as the auditor, and authorization for the board to manage share allotments and director remunerations. These resolutions could impact the company’s governance and financial strategies, potentially influencing investor confidence and market positioning.

Fenbi Limited Announces Director Resignation and Concert Party Changes

Fenbi Limited announced the resignation of Mr. LI Xin as a non-executive director, effective May 16, 2025, to focus on personal matters. His departure also results in a change to the concert party arrangement, as he will no longer act in concert with other major shareholders, Mr. ZHANG Xiaolong, Mr. WEI Liang, and Mr. LI Yong. Despite this change, the concert party agreement remains valid for the remaining members, maintaining their substantial shareholding positions.

Fenbi Ltd. Announces Board Composition and Committee Roles

Fenbi Ltd., incorporated in the Cayman Islands, has announced the composition of its board of directors and the roles of each member. The board includes executive directors Mr. Zhang Xiaolong and Mr. Wei Liang, along with independent non-executive directors Mr. Qiu Dongxiao Larry, Mr. Yuen Kai Yiu Kelvin, and Ms. Yuan Jia. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors appointed as members and chairpersons. This announcement outlines the governance structure of Fenbi Ltd., which may impact its operational oversight and strategic decision-making processes.