Black Sesame International Holding Limited (2533) AI Stock Analysis

• Market Cap: HK$14.49B
• Dividend Yield: N/A
• Average Volume (3M): 13.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.44
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 973
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Semiconductors
• EPS (TTM): N/A
• Shares Outstanding: 639,488,100
• 10 Day Avg. Volume: 14,554,165
• 30 Day Avg. Volume: 13,692,251
• PEG Ratio: -0.76
• Price to Book (P/B): 14.08
• Price to Sales (P/S): 32.46
• P/FCF Ratio: -12.36
• 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$24.15
• Price Target Upside: 24.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: HK$18.50 ▼(-4.84% Downside)

The overall stock score is primarily influenced by financial performance challenges, including negative profitability and cash flow issues. Technical analysis indicates bearish momentum, further impacting the score. The absence of valuation metrics adds uncertainty to the stock's assessment.

Positive Factors

Revenue Growth

Significant revenue growth indicates strong market demand for AI chips and semiconductor solutions, supporting long-term business expansion.

Improved Equity Position

Improved equity position enhances financial stability, providing a stronger foundation for future growth and investment opportunities.

Industry Demand

Growing industry demand for AI technology supports sustained revenue streams and positions the company well in the expanding semiconductor market.

Negative Factors

Profitability Challenges

Ongoing profitability challenges due to negative margins indicate operational inefficiencies, which could hinder long-term financial health.

High Leverage Risks

High leverage could strain financial flexibility and increase vulnerability to economic downturns, impacting long-term sustainability.

Negative Cash Flow

Negative cash flow highlights difficulties in generating sufficient cash from operations, which may limit growth and investment capabilities.

Black Sesame International Holding Limited Business Overview & Revenue Model

Company Description

Black Sesame International Holding Limited (2533) is a technology company primarily engaged in the development and provision of artificial intelligence (AI) and smart driving solutions. The company operates within the sectors of advanced automotive technologies, AI algorithms, and smart automation systems. Its core products include AI-based perception systems, intelligent vehicle control solutions, and software development for various applications, catering to both the automotive industry and broader technological markets.

How the Company Makes Money

Black Sesame International generates revenue primarily through the sale of its AI and smart driving technologies, which include licensing agreements for its software and proprietary algorithms. The company has key revenue streams from partnerships with automotive manufacturers, which integrate its technologies into their vehicles. Additionally, revenue is derived from research and development collaborations with other tech firms and government entities, as well as from providing consulting services related to AI deployment in automotive applications. The growth of the smart vehicle market and increasing demand for automation solutions significantly contribute to the company's earnings.

Black Sesame International Holding Limited Financial Statement Overview

Summary

The company has shown significant revenue growth, but profitability remains a challenge with negative net profit, EBIT, and EBITDA margins. The balance sheet shows improved equity but high leverage risks, and cash flow issues persist with negative free cash flow.

Income Statement

The company has shown significant revenue growth over the past years, with a revenue increase from $60.5M in 2021 to $474.3M in 2024. However, the net profit margin remains negative due to substantial net losses, indicating challenges in achieving profitability. The EBIT and EBITDA margins are also negative, reflecting ongoing operational inefficiencies.

Balance Sheet

The company's balance sheet shows improvement in stockholders' equity, moving from negative equity to a positive $1.09B in 2024. However, the debt-to-equity ratio is relatively high, suggesting potential leverage risks. The equity ratio has improved, indicating better financial stability, but the company still faces challenges in managing liabilities.

Cash Flow

The company has consistently reported negative free cash flow, indicating cash outflows exceeding inflows. The operating cash flow to net income ratio is negative, highlighting difficulties in converting income into cash. Despite improvements in financing cash flow, the overall cash flow position remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	547.00M	474.25M	312.39M	165.44M	60.50M
Gross Profit	167.33M	194.71M	77.14M	48.63M	21.87M
EBITDA	-1.61B	441.35M	-4.77B	-2.70B	-2.33B
Net Income	-1.55B	313.31M	-4.86B	-2.75B	-2.36B
Balance Sheet
Total Assets	2.83B	2.32B	1.92B	2.15B	1.76B
Cash, Cash Equivalents and Short-Term Investments	2.11B	1.62B	1.31B	1.69B	1.55B
Total Debt	679.18M	722.40M	12.64B	82.63M	163.72M
Total Liabilities	1.13B	1.22B	13.01B	8.66B	5.43B
Stockholders Equity	1.70B	1.09B	-11.09B	-6.51B	-3.66B
Cash Flow
Free Cash Flow	-1.21B	-1.25B	-1.19B	-825.75M	-673.13M
Operating Cash Flow	-1.17B	-1.19B	-1.06B	-754.67M	-639.32M
Investing Cash Flow	-237.24M	-223.01M	546.70M	-732.80M	-31.82M
Financing Cash Flow	2.45B	1.55B	809.13M	804.17M	2.00B

Black Sesame International Holding Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2533, the sentiment is Negative. The current price of 19.44 is below the 20-day moving average (MA) of 20.80, below the 50-day MA of 21.32, and below the 200-day MA of 19.99, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 42.47 is Neutral, neither overbought nor oversold. The STOCH value of 43.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2533.

Black Sesame International Holding Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
0085	61 Neutral	HK$2.94B	7.07	17.96%	6.77%	-18.35%	-6.00%
1385	59 Neutral	HK$46.87B	63.14	7.85%	0.22%	12.62%	-4.75%
2878	56 Neutral	HK$1.10B	21.26	4.98%	―	-25.16%	-51.97%
1347	51 Neutral	HK$155.90B	629.57	0.12%	0.23%	19.15%	-94.32%
2533	45 Neutral	HK$14.49B	―	―	―	―	―
1912	43 Neutral	HK$92.24M	―	―	―	―	―

Black Sesame International Holding Limited Corporate Events

Black Sesame International Grants 659,000 Awards to Employees

Black Sesame International Holding Limited announced the grant of 659,000 awards to 18 employees under its Post-IPO Share Plan on October 21, 2025. The awards are structured with a time-based vesting schedule and include a clawback mechanism, ensuring the company’s control over the awards in cases of resignation or misconduct. This move is part of the company’s strategy to incentivize and retain its workforce, potentially impacting its operational efficiency and market positioning positively.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Enhances Governance and Clarifies Share Plan

Black Sesame International Holding Limited has announced supplemental information regarding its corporate governance measures and Post-IPO Share Plan. The company has implemented robust corporate governance measures to protect shareholder interests, particularly focusing on potential conflicts of interest with its single largest shareholder, Mr. Shan. Additionally, the company has clarified details about its Post-IPO Share Plan, stating that no options or awards have been granted yet, and outlined the conditions under which shares may be issued in the future.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$19.50 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Reports Revenue Growth Amidst Expansion in ADAS Solutions

Black Sesame International Holding Limited reported a 40.4% increase in revenue for the first half of 2025, despite a significant net loss. The company has made substantial progress in mass production and delivery of its ADAS solutions, securing new projects and expanding its portfolio of vehicle models, including international markets. This expansion is supported by advancements in its driving assistance technology, which now offers seamless navigation across various road types.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Issues Profit Warning Amid Revenue Growth

Black Sesame International Holding Limited has issued a profit warning, indicating an expected net loss of no more than RMB800 million for the first half of 2025, despite a revenue growth of over 38% compared to the same period in 2024. The anticipated loss is mainly due to significant share-based compensation expenses, investments in research and development for advanced assisted driving solutions, and a decrease in fair value gain from financial instruments following the conversion of preferred shares to ordinary shares upon the company’s listing on the Hong Kong Stock Exchange.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$18.50 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Updates on Potential Acquisition Progress

Black Sesame International Holding Limited, a company incorporated in the Cayman Islands, has announced an update regarding a potential acquisition. The company is actively engaged in due diligence and discussions with the target company, which continues to operate under its existing management. The acquisition is not yet finalized, and stakeholders are advised to exercise caution as there is no binding agreement in place.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$18.50 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Announces Board Meeting for Interim Results

Black Sesame International Holding Limited has announced a board meeting scheduled for August 29, 2025, to consider and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also discuss the potential payment of an interim dividend, which could have implications for stakeholders and reflect the company’s financial health and strategic positioning.