Forward Fashion (International) Holdings Company Limited (2528) AI Stock Analysis

• Market Cap: HK$106.00M
• Dividend Yield: N/A
• Average Volume (3M): 39.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.33
• Revenue Growth: -6.89%
• EPS Growth: -356.53%
• Country: HK
• Employees: 1,138
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Apparel - Retail
• EPS (TTM): -0.07
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 72,400
• 30 Day Avg. Volume: 39,066
• PEG Ratio: 0.10
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.27
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

Forward Fashion (International) Holdings Company Limited faces significant financial challenges, as evidenced by declining revenues, increased leverage, and negative cash flow. These factors heavily weigh down the overall score. While technical analysis shows a slight upward trend, it is not substantial enough to offset the financial weaknesses. The negative P/E ratio and absence of dividend yield further contribute to a lower valuation score.

Forward Fashion (International) Holdings Company Limited Business Overview & Revenue Model

Company Description

Forward Fashion (International) Holdings Company Limited engages in the retail of fashion apparel in Macau, Mainland China, Hong Kong, Taiwan, and internationally. It operates own brand stores under the UM, UM Junior, UM.IXOX, IXOX, and WF Fashion brand names. It also sells footwear, cosmetic and skincare, designer home accessories, artistic ornaments, and other lifestyle products through its retail stores and online. As of December 31, 2021, the company operated 216 self-operated retail stores, including 190 mono-brand stores and 26 multi-brand stores. Forward Fashion (International) Holdings Company Limited was founded in 2005 and is headquartered in Tsim Sha Tsui, Hong Kong.

How the Company Makes Money

Forward Fashion generates revenue primarily through the sale of luxury fashion and lifestyle products via its extensive network of retail stores and online platforms. The company's key revenue streams include direct sales from its owned retail outlets, commissions from consignment sales, and online sales. Strategic partnerships with renowned luxury brands enhance its product offerings and market presence, while exclusive distribution rights and collaborations contribute to its competitive advantage. Additionally, Forward Fashion benefits from its ability to adapt to market trends and consumer preferences, maintaining a strong brand portfolio and leveraging its expertise in brand positioning and retail management.

Forward Fashion (International) Holdings Company Limited Financial Statement Overview

Summary

Overall, the financial statements of Forward Fashion (International) Holdings Company Limited show concerning trends. Declining revenue and profitability, increased leverage, and weak cash flow generation highlight significant financial headwinds. While there is some stability in equity, the financial health is under pressure, requiring strategic adjustments.

Income Statement

The company's income statement shows declining revenue and profitability. Revenue decreased by 6.4% from 2023 to 2024, and net profit margin fell from -1.67% to -8.19%. EBIT and EBITDA margins have also deteriorated, indicating operational challenges.

Balance Sheet

The balance sheet indicates a moderate financial position. The debt-to-equity ratio increased from 1.16 in 2023 to 2.09 in 2024, reflecting higher leverage. However, the equity ratio remained stable, suggesting some degree of balance.

Cash Flow

Cash flow analysis reveals significant challenges. Operating cash flow dropped to zero in 2024 from positive levels in 2023, and free cash flow turned negative, suggesting cash generation issues that could impact financial flexibility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	938.32M	1.01B	959.90M	1.23B	884.46M
Gross Profit	420.77M	467.81M	454.24M	651.12M	396.29M
EBITDA	-27.82M	165.94M	170.40M	303.72M	187.82M
Net Income	-76.89M	-16.85M	-36.51M	32.16M	-136.36M
Balance Sheet
Total Assets	822.45M	912.17M	910.46M	1.13B	1.28B
Cash, Cash Equivalents and Short-Term Investments	82.53M	130.46M	119.94M	185.89M	299.67M
Total Debt	311.49M	265.64M	252.25M	397.04M	630.95M
Total Liabilities	691.20M	693.52M	668.88M	829.74M	1.02B
Stockholders Equity	149.15M	228.81M	248.98M	304.48M	267.99M
Cash Flow
Free Cash Flow	0.00	162.25M	162.28M	171.71M	349.39M
Operating Cash Flow	102.78M	220.05M	230.22M	213.99M	382.43M
Investing Cash Flow	0.00	-41.65M	-40.92M	-30.45M	-125.68M
Financing Cash Flow	0.00	-175.40M	-237.85M	-275.62M	-116.00M

Forward Fashion (International) Holdings Company Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2528, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.24, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.34 is Neutral, neither overbought nor oversold. The STOCH value of 81.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2528.

Forward Fashion (International) Holdings Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$17.18B	10.68	-8.50%	2.94%	1.62%	-25.72%
2528	46 Neutral	HK$106.00M	―	-40.69%	―	-6.89%	-356.53%
ESHDF	―	$33.90M	―	-90.66%	―	―	―
GRDZF	―	$312.99M	11.36	10.30%	51.98%	―	―
0375	64 Neutral	HK$159.23M	685.71	0.05%	10.42%	-5.58%	-91.36%
1817	54 Neutral	HK$308.75M	9.13	4.29%	―	-4.28%	-25.99%
0483	48 Neutral	HK$82.66M	7.08	6.87%	―	-7.14%	-110.87%

Forward Fashion (International) Holdings Company Limited Corporate Events

Forward Fashion Announces 2025 AGM with Key Resolutions

Forward Fashion (International) Holdings Company Limited has announced its 2025 Annual General Meeting (AGM) scheduled for June 6, 2025, in Hong Kong. The AGM will address several key resolutions, including the adoption of the 2024 financial statements, re-election of directors, and the re-appointment of auditors. Additionally, the meeting will consider authorizing the board to allot and issue new shares, which could impact the company’s capital structure and market positioning.

Forward Fashion Reports Increased Losses in 2024 Annual Results

Forward Fashion (International) Holdings Company Limited reported its annual financial results for the year ended 31 December 2024, showing a decrease in revenue to HK$938,315,000 from HK$1,007,801,000 in 2023. The company experienced a significant loss for the year, with a net loss of HK$85,077,000 compared to a loss of HK$19,794,000 in the previous year, indicating potential challenges in managing costs and maintaining profitability.

Forward Fashion Announces Board Meeting for Annual Results and Dividend Consideration

Forward Fashion (International) Holdings Company Limited has announced an upcoming board meeting scheduled for March 31, 2025. The meeting will address the approval of the company’s annual results for the year ending December 31, 2024, and the consideration of a final dividend payment. This announcement is significant as it could impact the company’s financial strategy and shareholder returns.

Forward Fashion Issues Profit Warning Amid Challenging Retail Environment

Forward Fashion (International) Holdings Company Limited has issued a profit warning, anticipating a significant increase in net loss to no less than HK$90 million for the year ending December 2024, compared to a HK$19.8 million loss the previous year. This expected loss is attributed to poor sales performance in its retail stores amid a challenging retail environment, highlighting potential operational and financial challenges for the company and its stakeholders.