Tycoon Group Holdings Limited (3390) AI Stock Analysis

• Market Cap: HK$299.49M
• Dividend Yield: 28%
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): ―
• Beta (1Y): >-0.01
• Revenue Growth: -1.68%
• EPS Growth: -111.10%
• Country: HK
• Employees: 258
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Pharmaceuticals
• EPS (TTM): -0.01
• Shares Outstanding: 894,000,000
• 10 Day Avg. Volume: 1,126,200
• 30 Day Avg. Volume: 1,299,466
• PEG Ratio: -8.80
• Price to Book (P/B): 5.89
• Price to Sales (P/S): 3.22
• P/FCF Ratio: -35.71
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$0.38 ▲(29.66% Upside)

The score is held back mainly by uneven financial performance—especially weak and unstable cash generation—along with a negative P/E and no dividend data. Technicals are supportive in the near term (price above key moving averages and positive MACD), but overbought readings reduce conviction and cap the overall rating.

Positive Factors

Diversified Revenue Streams

A multi-stream business model spanning property development/leasing, advisory/asset management, and tech equity stakes reduces single-market exposure. Over 2–6 months this diversification helps stabilize cash inflows, smooth revenue volatility, and provides multiple paths to fund operations and growth.

Growing Equity Base

An increasing stockholders' equity and asset expansion strengthen the capital base to absorb shocks and support investment. This enhances the firm's capacity to finance development projects or strategic investments without immediate external equity, aiding medium-term financial resilience despite operational swings.

Stable Gross Margins

Relatively stable gross margins indicate the company's core operations maintain pricing power or consistent cost control. This margin durability supports longer-term profitability potential and provides a buffer while management addresses top-line variability or implements efficiency initiatives over upcoming quarters.

Negative Factors

Weak and Erratic Cash Flow

Persistent negative and inconsistent operating/free cash flows undermine the firm's ability to self-fund capex, service debt, or return capital to shareholders. Over the medium term, this increases reliance on external financing, elevates refinancing risk, and constrains strategic flexibility if cash conversion issues persist.

Declining Revenue and EPS Collapse

Negative revenue growth and a dramatic EPS contraction point to deteriorating earnings quality and demand or execution challenges. This weakens internal funding for reinvestment, heightens the probability of continued margin pressure, and signals structural issues that could impair sustainable profitability across several quarters.

Rising Leverage Risk

Increasing total debt and faster-growing liabilities relative to assets raise leverage and solvency concerns. Higher indebtedness reduces financial flexibility, increases interest expense exposure, and makes the company more vulnerable to rate or market stress, limiting strategic options and elevating medium-term financial risk.

Tycoon Group Holdings Limited Business Overview & Revenue Model

Company Description

Tycoon Group Holdings Limited, an investment holding company, distributes and retails a suite of health and well-being related products in Hong Kong, Mainland China, Macau, and internationally. It operates through three segments: Distribution, E-Commerce, and Retail Stores. The company offers proprietary Chinese medicine, health supplement, skin care, personal care, and other healthcare products under the third-party and private label brands. It sells its products to chain retailers, non-chain retailers, and traders; and through its brick-and-mortar retail stores as well as online stores. The company was founded in 2015 and is headquartered in Shatin, Hong Kong.

How the Company Makes Money

Tycoon Group Holdings Limited generates revenue through multiple streams, primarily from its real estate operations, which include property development, leasing, and management services. The company also earns income from its financial services division, which provides investment advisory and asset management services to clients. Additionally, Tycoon Group invests in technology ventures, contributing to its revenue through equity stakes in promising startups and partnerships. Significant partnerships with local and international firms enhance its market reach and help drive growth, while strategic investments in high-demand sectors offer further avenues for revenue generation.

Tycoon Group Holdings Limited Financial Statement Overview

Summary

Mixed fundamentals: income statement volatility with weakening recent revenue growth/profitability (55) and significant cash flow weakness with negative/erratic operating and free cash flow (45) outweigh a moderately stable but rising-leverage balance sheet (60).

Income Statement

The income statement shows fluctuating performance over the past years. The gross profit margin has been relatively stable, but recent declines in revenue growth and net profit margins are concerns. The company has struggled to maintain consistent profitability, with recent net income levels significantly lower compared to past years. This volatility indicates potential challenges in revenue and cost management.

Balance Sheet

The balance sheet reflects moderate stability with a relatively balanced debt-to-equity ratio, but there is a noticeable increase in total debt over the years, raising leverage concerns. Stockholders' equity has been increasing, which is a positive sign, but the equity ratio has been inconsistent. The company's assets have grown, but liabilities have increased at a faster rate, which could pose risks if not managed properly.

Cash Flow

Cash flow analysis indicates significant challenges, particularly with operating cash flow being negative in several years. Free cash flow has also been erratic, with recent negative figures suggesting cash management issues. The operating cash flow to net income ratio indicates inefficiencies in converting income into cash. The company needs to focus on improving cash flow stability to mitigate financial stress.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	951.11M	876.04M	1.20B	1.19B	888.87M	505.99M
Gross Profit	254.05M	232.66M	321.10M	243.53M	135.01M	71.06M
EBITDA	12.58M	35.85M	356.41M	82.89M	8.91M	-49.05M
Net Income	-25.75M	3.24M	297.32M	43.75M	-18.82M	-61.13M
Balance Sheet
Total Assets	1.24B	1.01B	988.95M	1.01B	881.46M	619.91M
Cash, Cash Equivalents and Short-Term Investments	40.81M	34.02M	39.10M	74.60M	71.63M	119.34M
Total Debt	459.43M	330.98M	206.16M	341.60M	239.08M	198.32M
Total Liabilities	711.71M	516.61M	445.40M	718.96M	620.20M	329.47M
Stockholders Equity	516.26M	478.85M	536.23M	293.64M	257.92M	288.16M
Cash Flow
Free Cash Flow	-38.49M	-78.94M	7.97M	-64.48M	-50.11M	-119.41M
Operating Cash Flow	-36.74M	-76.62M	11.86M	-63.03M	-42.20M	-107.97M
Investing Cash Flow	19.52M	48.55M	45.70M	-9.57M	-26.25M	-74.95M
Financing Cash Flow	16.46M	25.62M	-92.36M	68.25M	14.33M	247.20M

Tycoon Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 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:3390, the sentiment is Positive. The current price of 0.29 is below the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.29, and below the 200-day MA of 0.38, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 63.71 is Neutral, neither overbought nor oversold. The STOCH value of 30.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3390.

Tycoon Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1612	71 Outperform	HK$652.46M	7.28	14.73%	4.94%	17.93%	36.82%
1110	56 Neutral	HK$321.44M	54.08	0.86%	5.87%	-10.78%	-82.81%
1518	54 Neutral	HK$302.62M	-6.48	-8.40%	3.16%	-21.31%	-149.92%
3390	53 Neutral	HK$299.49M	-10.44	-4.89%	28.00%	-1.68%	-111.10%
1643	53 Neutral	HK$525.60M	21.28	3.98%	―	-15.96%	32.95%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
2393	40 Underperform	HK$232.96M	-1.33	-29.79%	―	6.10%	-115.12%

Tycoon Group Holdings Limited Corporate Events

Tycoon Group Renews Distribution Deal for DEEJ Products in Hong Kong

Tycoon Group Holdings’ indirect wholly owned subsidiary Tycoon Global has renewed its role as distributor of DEEJ-branded products in Hong Kong by entering into a new 2026 Distribution Agreement with DEEJ International, effective from 1 January to 31 December 2026. As DEEJ International is a subsidiary of CR Pharmaceutical, a substantial shareholder of Tycoon Group, the arrangement constitutes a continuing connected transaction under Hong Kong listing rules; with the annual cap exceeding HK$3 million but relevant ratios remaining under 5%, the deal is subject to reporting, announcement and annual review requirements but exempt from circular and independent shareholders’ approval, allowing the group to maintain an important supply relationship while navigating related-party transaction safeguards.

The most recent analyst rating on (HK:3390) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tycoon Group Holdings Limited stock, see the HK:3390 Stock Forecast page.

Tycoon Group Eases Exclusivity, Cuts Caps on Talent Smart Transactions

Tycoon Group Holdings has signed a supplemental agreement with connected party Talent Smart to change Dynasty Garden’s right to distribute Talent Smart products in Hong Kong from exclusive to non‑exclusive with effect from 1 January 2026, covering the remaining term of their existing 2025–2027 master sale and purchase agreement. As the loss of exclusivity is expected to reduce the group’s purchases of Talent Smart products from previous projections, the company plans to lower the annual caps for these continuing connected transactions, which will remain subject to Hong Kong Listing Rules requirements on review and disclosure, potentially moderating related‑party transaction volumes and slightly adjusting the group’s distribution and revenue expectations from this channel.

The most recent analyst rating on (HK:3390) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tycoon Group Holdings Limited stock, see the HK:3390 Stock Forecast page.

Tycoon Group Holdings Limited Announces Auditor Change

Tycoon Group Holdings Limited announced a change in its auditing firm, with PricewaterhouseCoopers resigning due to a disagreement over audit fees for the year ending December 2025. Crowe (HK) CPA Limited has been appointed as the new auditor, with the company and its audit committee confident that this change will not impact the annual audit or results. The appointment of Crowe is seen as a move to enhance cost-effectiveness while maintaining audit quality, benefiting the company and its shareholders.

The most recent analyst rating on (HK:3390) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tycoon Group Holdings Limited stock, see the HK:3390 Stock Forecast page.