WK Group (Holdings) Limited (HK:2535)
:2535
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WK Group (Holdings) Limited
(2535)
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Rating:54Neutral
Price Target:
HK$0.53
▼(-5.36% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by a strong, low-debt balance sheet, which reduces financial risk. Offsetting this are weakening recent profitability and mixed cash-flow consistency, alongside bearish technicals (price below key moving averages with negative MACD) and an expensive P/E with no dividend yield provided.
Positive Factors
Very low leverage / strong balance sheet
The near-zero debt-to-equity ratio provides durable financial flexibility and low default risk, enabling the company to absorb cyclical downturns, fund targeted capex or working capital needs, and pursue strategic opportunities without relying on costly external financing.
Negative Factors
Declining revenue and margin compression
A double-digit revenue decline and meaningful margin compression in 2025 point to weakening demand or pricing pressure. Persisting lower volumes or squeezed margins would erode earnings power, constrain reinvestment capacity, and could require structural cost or strategy changes to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
The near-zero debt-to-equity ratio provides durable financial flexibility and low default risk, enabling the company to absorb cyclical downturns, fund targeted capex or working capital needs, and pursue strategic opportunities without relying on costly external financing.
Read all positive factors
WK Group (Holdings) Limited (2535) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.10B
Dividend YieldN/A
Average Volume (3M)5.67M
Price to Earnings (P/E)111.7
Beta (1Y)0.03
Revenue Growth-12.73%
EPS Growth-48.73%
CountryHK
Employees137
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,000,000,000
10 Day Avg. Volume3,798,000
30 Day Avg. Volume5,669,000
Financial Highlights & Ratios
PEG Ratio-2.19
Price to Book (P/B)6.69
Price to Sales (P/S)5.18
P/FCF Ratio124.60
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)N/A
Revenue Forecast (FY)N/A
WK Group (Holdings) Limited Business Overview & Revenue Model
Company Description
WK Group (Holdings) Limited (2535) is a diversified investment holding company based in Hong Kong, primarily engaged in the manufacturing and distribution of a range of products including industrial machinery, consumer electronics, and constructio...
WK Group (Holdings) Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 392.27M | 347.73M | 398.46M | 370.23M | 336.38M | 228.78M |
| Gross Profit | 64.35M | 46.66M | 71.39M | 70.90M | 66.04M | 34.54M |
| EBITDA | 38.22M | 32.17M | 48.09M | 40.12M | 52.28M | 26.59M |
| Net Income | 28.93M | 16.11M | 31.50M | 25.20M | 39.27M | 17.34M |
Balance Sheet | ||||||
| Total Assets | 311.61M | 311.89M | 313.31M | 257.06M | 201.38M | 154.10M |
| Cash, Cash Equivalents and Short-Term Investments | 121.16M | 113.88M | 109.50M | 11.01M | 72.64M | 11.73M |
| Total Debt | 12.46M | 6.37M | 12.75M | 12.89M | 19.18M | 7.32M |
| Total Liabilities | 47.67M | 42.75M | 59.92M | 120.83M | 70.79M | 56.26M |
| Stockholders Equity | 263.94M | 269.14M | 253.38M | 136.23M | 130.59M | 97.84M |
Cash Flow | ||||||
| Free Cash Flow | -5.32M | 14.45M | 7.71M | -24.39M | 78.45M | 9.99M |
| Operating Cash Flow | 10.46M | 19.29M | 24.75M | -22.97M | 78.76M | 11.12M |
| Investing Cash Flow | 7.66M | 444.00K | -31.31M | -4.18M | -6.62M | -1.17M |
| Financing Cash Flow | 0.00 | -10.84M | 97.72M | -32.87M | -15.10M | -12.78M |
WK Group (Holdings) Limited Technical Analysis
Negative
0.56
Price Trends
0.95
Negative
0.95
Negative
0.78
Negative
Market Momentum
-0.13
Positive
12.60
Positive
17.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2535, the sentiment is Negative. The current price of 0.56 is below the 20-day moving average (MA) of 0.85, below the 50-day MA of 0.95, and below the 200-day MA of 0.78, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 12.60 is Positive, neither overbought nor oversold. The STOCH value of 17.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2535.
WK Group (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$1.51B | 3.27 | 7.83% | 5.09% | -4.27% | 1.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$1.00B | -14.20 | -1.44% | 14.77% | -15.02% | -65.74% | |
62 Neutral | HK$789.19M | 21.55 | 0.61% | ― | 7.63% | 6.93% | |
61 Neutral | HK$5.72B | 11.95 | 18.58% | 1.81% | 10.34% | 3.37% | |
54 Neutral | HK$1.10B | 111.70 | 7.63% | ― | -12.73% | -48.73% | |
52 Neutral | HK$348.57M | 7.52 | -4.33% | ― | -1.23% | 54.52% |
* Industrials Sector Average
HK:2535
WK Group (Holdings) Limited
0.54
-0.03
-5.26%
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0.38
-0.02
-3.80%
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Eva Precision Industrial Holdings Limited
0.86
0.16
22.16%
HK:0255
Lung Kee (Bermuda) Holdings Limited
1.57
0.36
29.75%
HK:0929
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0.35
81.40%
HK:1050
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285.33%
WK Group (Holdings) Limited Corporate Events
WK Group Sets 2026 AGM to Approve Results, Board and Share Issue Mandate
Apr 28, 2026
WK Group (Holdings) Limited has convened its annual general meeting for 22 June 2026 in Hong Kong, where shareholders will be asked to receive and adopt the audited consolidated financial statements for the year ended 31 December 2025 and the rela...
WK Group Proposes Constitutional Overhaul to Modernise Governance and Meeting Rules
Apr 21, 2026
WK Group (Holdings) Limited plans to amend its existing memorandum and articles of association and adopt a new, second amended and restated version, subject to shareholder approval at its annual general meeting on 22 June 2026. The revisions aim t...
WK Group Profit Halves as Revenue Declines and Board Withholds Dividend
Mar 26, 2026
WK Group (Holdings) Limited, a Hong Kong-listed services group, derives its revenue primarily from contracted service offerings in its core Hong Kong and regional markets. The company’s business model is service-based, with profitability clo...
WK Group Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 13, 2026
WK Group (Holdings) Limited has scheduled a board meeting for 26 March 2026 to review and approve the audited consolidated annual results for the year ended 31 December 2025 and arrange for their publication on the company and exchange websites. T...
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.