Great Harvest Maeta Holdings Limited (3683) AI Stock Analysis

• Market Cap: HK$112.41M
• Dividend Yield: N/A
• Average Volume (3M): 31.42K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: 30.16%
• EPS Growth: 68.71%
• Country: HK
• Employees: 79
• Sector: Industrials
• Sector Strength: 85
• Industry: Marine Shipping
• EPS (TTM): -0.06
• Shares Outstanding: 952,613,500
• 10 Day Avg. Volume: 34,250
• 30 Day Avg. Volume: 31,416
• PEG Ratio: 0.01
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.89
• Enterprise Value/Market Cap: 0.82
• Enterprise Value/Revenue: 1.44
• Enterprise Value/Gross Profit: 106.81
• Enterprise Value/Ebitda: 6.32
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: ―

Overall, Great Harvest Maeta Holdings Limited is facing significant financial challenges, with declining revenues, negative earnings, and high leverage being the most pressing concerns. The technical indicators suggest a bearish trend, although the stock is nearing an oversold condition, which might present a short-term buying opportunity. Valuation metrics highlight the company's financial distress, emphasizing the need for strategic improvements to enhance financial stability and investor confidence.

Great Harvest Maeta Holdings Limited Business Overview & Revenue Model

Company Description

Great Harvest Maeta Holdings Limited (3683) is a Hong Kong-based investment holding company primarily engaged in the marine transportation industry. The company focuses on dry bulk shipping services, transporting commodities such as coal, iron ore, and grains across various global routes. With a fleet of bulk carriers, Great Harvest Maeta Holdings Limited operates in the charter market, offering its vessels for hire to customers around the world.

How the Company Makes Money

Great Harvest Maeta Holdings Limited generates revenue through its dry bulk shipping operations by chartering its fleet of vessels. The company earns income by leasing its ships to customers on a time charter or voyage charter basis. In a time charter, customers hire vessels for a specified period, paying a daily hire rate, while in a voyage charter, customers pay for the transportation of cargo on a per-voyage basis. The company's earnings are influenced by factors such as global trade demand, charter rates, fuel costs, and fleet utilization rates. Additionally, strategic partnerships and long-term contracts with major commodity traders and companies contribute to its revenue stability.

Great Harvest Maeta Holdings Limited Financial Statement Overview

Summary

Great Harvest Maeta Holdings Limited faces considerable financial challenges, with declining revenues and significant net losses. The company's balance sheet is heavily leveraged, posing risks if financial performance does not improve. Despite these challenges, there are positive signs in cash flow management, with operating cash flows remaining positive. Strategic improvements in cost management and revenue generation are critical for future financial health.

Income Statement

The company's revenue has seen a decline over the past year, with a revenue growth rate of -26.2% from the previous period. Although the gross profit margin is relatively low at 3.8%, the net profit margin is notably negative at -52.9%, indicating significant net losses. The EBIT margin is also negative at -3.9%, while the EBITDA margin is positive at 34.4%, suggesting operational challenges but some degree of recovery in operational cash flow.

Balance Sheet

The debt-to-equity ratio is quite high at 3.49, indicating significant leverage and potential risk in meeting financial obligations. The return on equity is negative at -39.5%, reflecting substantial losses to equity holders. The equity ratio is relatively low at 15.7%, suggesting a heavy reliance on debt financing, which could pose risks if earnings do not improve.

Cash Flow

Free cash flow declined significantly by -50.9% compared to the previous year, highlighting challenges in generating cash after capital expenditures. However, the operating cash flow to net income ratio is favorable at 0.40, indicating that operating cash flows remain positive despite net losses. The free cash flow to net income ratio is positive at 0.31, suggesting some liquidity strength amidst profitability issues.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
18.37M	13.45M	18.23M	21.56M	12.45M	12.22M
	Gross Profit
864.00K	510.00K	2.05M	10.57M	1.15M	1.80M
	EBIT
-1.91M	-530.00K	-6.25M	7.84M	-1.18M	-764.00K
	EBITDA
2.86M	4.63M	-3.44M	12.31M	2.24M	260.00K
	Net Income Common Stockholders
-7.92M	-7.13M	-17.09M	24.72M	-3.26M	-10.21M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.67M	1.10M	2.06M	2.88M	316.00K	1.41M
	Total Assets
103.16M	115.21M	132.99M	153.73M	131.03M	123.59M
	Total Debt
58.68M	63.07M	72.49M	74.51M	80.62M	75.44M
	Net Debt
57.06M	62.01M	70.44M	71.82M	80.40M	75.17M
	Total Liabilities
88.19M	92.75M	102.25M	102.00M	105.73M	98.71M
	Stockholders Equity
10.57M	18.05M	26.51M	47.14M	20.84M	20.86M
Cash Flow		Free Cash Flow
1.07M	2.19M	4.47M	10.37M	-353.00K	306.00K
	Operating Cash Flow
3.21M	2.86M	6.12M	12.06M	2.55M	2.40M
	Investing Cash Flow
14.89M	10.33M	-1.55M	-1.77M	-2.90M	-2.09M
	Financing Cash Flow
-18.55M	-14.18M	-5.21M	-7.82M	307.00K	-2.64M

Great Harvest Maeta Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3683, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 70.34 is Negative, neither overbought nor oversold. The STOCH value of 108.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3683.

Great Harvest Maeta Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1138	75 Outperform	$49.94B	7.46	9.73%	6.06%	3.41%	―
2343	75 Outperform	HK$10.11B	10.23	7.27%	7.22%	12.03%	20.45%
1199	70 Outperform	HK$19.18B	7.08	5.64%	5.72%	5.93%	-3.64%
Sector *	66 Neutral	$4.50B	12.26	5.40%	3.65%	4.17%	-12.02%
3683	43 Neutral	HK$112.41M	―	-55.43%	―	30.16%	68.71%

Great Harvest Maeta Holdings Limited Corporate Events

Great Harvest Maeta Holdings Appoints New Independent Director

Great Harvest Maeta Holdings Limited has appointed Mr. Liu Yongshun as an independent non-executive director and chairperson of the remuneration committee, effective March 18, 2025. Mr. Liu brings extensive experience in raw material supply management, iron and steel making, and mineral resource development, which is expected to enhance the company’s governance and strategic direction.

Great Harvest Maeta Holdings Announces Board Composition and Roles

Great Harvest Maeta Holdings Limited has announced the composition of its board of directors and the roles they will undertake within the company. The board comprises executive directors and independent non-executive directors, with Ms. Lam Kwan serving as the Chairperson and CEO. The announcement also details the membership of three board committees: the Audit Committee, Remuneration Committee, and Nomination Committee, which are essential for the company’s governance and operational oversight.