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Palasino Holdings Limited
(2536)
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Rating:54Neutral
Price Target:
HK$1.50
▼(-31.51% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by very weak technical momentum (price below all key moving averages with extremely low RSI/Stoch). Financial performance is stable due to low leverage and improving free cash flow, but low profitability and slightly negative revenue growth limit upside. Valuation further constrains the score given the high P/E with only modest dividend support.
Positive Factors
Low leverage / strong balance sheet
A debt-to-equity of 0.22 and a healthy equity ratio provide durable financial resilience, lowering refinancing and interest risk. This conservatism preserves strategic optionality for capex, marketing or M&A over the next 2–6 months and reduces solvency pressure in cyclically sensitive gaming operations.
Negative Factors
Low net profitability
Net margin of 2.7% and ROE of 2.8% indicate the business converts revenue into little retained profit, limiting internal funding for growth and returns. Persistently thin profitability makes the company more vulnerable to cost inflation and softer demand, constraining long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A debt-to-equity of 0.22 and a healthy equity ratio provide durable financial resilience, lowering refinancing and interest risk. This conservatism preserves strategic optionality for capex, marketing or M&A over the next 2–6 months and reduces solvency pressure in cyclically sensitive gaming operations.
Read all positive factors
Palasino Holdings Limited (2536) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$951.78M
Dividend Yield1.21%
Average Volume (3M)1.03M
Price to Earnings (P/E)84.3
Beta (1Y)0.54
Revenue Growth205.90%
EPS Growth278.38%
CountryHK
Employees672
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.01
Shares Outstanding806,594,000
10 Day Avg. Volume2,748,800
30 Day Avg. Volume1,034,300
Financial Highlights & Ratios
PEG Ratio2.60
Price to Book (P/B)4.40
Price to Sales (P/S)4.26
P/FCF Ratio504.60
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
Palasino Holdings Limited Business Overview & Revenue Model
Company Description
Palasino Holdings Limited, through its various subsidiaries, operates within the hospitality and gaming sectors across the Czech Republic, Germany, and Austria. The company's activities are structured into two main divisions: Gaming Operations, an...
How the Company Makes Money
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Palasino Holdings Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 511.57M | 568.14M | 564.34M | 529.02M | 351.20M | 145.77M |
| Gross Profit | 262.78M | 201.08M | 196.16M | 203.18M | 76.81M | -27.21M |
| EBITDA | 53.83M | 59.11M | 56.80M | 88.37M | 77.03M | 32.14M |
| Net Income | 11.30M | 15.39M | 8.54M | 44.15M | 40.08M | 2.56M |
Balance Sheet | ||||||
| Total Assets | 792.83M | 760.84M | 738.70M | 616.82M | 577.16M | 521.43M |
| Cash, Cash Equivalents and Short-Term Investments | 284.88M | 293.07M | 305.12M | 107.17M | 135.58M | 58.33M |
| Total Debt | 121.86M | 121.56M | 126.45M | 135.06M | 141.61M | 150.99M |
| Total Liabilities | 218.19M | 211.57M | 235.85M | 229.05M | 228.91M | 214.24M |
| Stockholders Equity | 574.63M | 549.27M | 502.85M | 348.99M | 348.25M | 307.20M |
Cash Flow | ||||||
| Free Cash Flow | 32.21M | 4.79M | 19.61M | 61.29M | 96.31M | 6.26M |
| Operating Cash Flow | 44.42M | 23.27M | 45.41M | 91.47M | 101.26M | 19.83M |
| Investing Cash Flow | -46.08M | -35.59M | -19.49M | -81.47M | -17.21M | -11.84M |
| Financing Cash Flow | -48.26M | -3.54M | 196.50M | -18.08M | -21.77M | -18.70M |
Palasino Holdings Limited Technical Analysis
Negative
2.19
Price Trends
1.46
Negative
1.80
Negative
2.08
Negative
Market Momentum
-0.08
Negative
38.37
Neutral
97.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2536, the sentiment is Negative. The current price of 2.19 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.46, and above the 200-day MA of 2.08, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 38.37 is Neutral, neither overbought nor oversold. The STOCH value of 97.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2536.
Palasino Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$128.78B | 12.06 | 13.12% | 3.06% | 9.63% | 21.77% | |
63 Neutral | HK$38.53B | 7.57 | 194.66% | 5.73% | 10.97% | 10.35% | |
62 Neutral | HK$7.11B | 6.26 | 73.50% | ― | 12.09% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$26.59B | 16.07 | -11.87% | 5.92% | -1.98% | -49.13% | |
54 Neutral | HK$951.78M | 84.29 | 2.01% | 1.21% | 205.90% | 278.38% | |
52 Neutral | HK$105.62B | 15.03 | 71.09% | 2.39% | 4.17% | -14.33% |
* Consumer Cyclical Sector Average
HK:2536
Palasino Holdings Limited
1.18
-1.29
-52.23%
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Palasino Holdings Limited Corporate Events
Palasino appoints new CFO and company secretary in planned 2026 leadership transition
Apr 16, 2026
Palasino Holdings Limited has announced a planned change in key financial and governance roles, with Chief Financial Officer, company secretary, authorised representative and process agent Kwok Tai Law resigning effective 24 April 2026. The board ...
Palasino Sets New Board and Committee Line-up Effective April 2026
Apr 1, 2026
Palasino Holdings Limited has announced the composition of its board of directors effective 1 April 2026, confirming Pavel Maršík as the sole executive director and chief executive officer, alongside chairman Tan Sri Dato’ David Ch...
Palasino bolsters board with appointment of new independent director
Apr 1, 2026
Palasino Holdings Limited has appointed Ms. Chuchu Tracy Li as an independent non-executive director effective 1 April 2026, strengthening its board with a profile that combines capital markets, financial management and corporate governance expert...
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.