Education
About Us
Working with TipRanks
Follow Us
Top Spring International Holdings Limited (HK:3688)
:3688
Top Page
Top Spring International Holdings Limited
(3688)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$0.50
▲(38.89% Upside)
Top Spring International Holdings Limited's overall stock score is primarily impacted by its poor financial performance, which indicates significant challenges in profitability and cash generation. Technical analysis provides a slightly positive outlook due to the stock trading above key moving averages, but bearish momentum indicators limit optimism. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, further weighing down the overall score.
Positive Factors
Revenue Growth
Despite financial challenges, the company has shown a significant revenue growth rate, indicating potential for market expansion and increased sales.
Market Position
A strong presence in mainland China positions the company well to capitalize on the growing demand for modern housing solutions in a major market.
Business Model
The diversified revenue streams from property sales and management services provide a stable income base, enhancing resilience against market fluctuations.
Negative Factors
Financial Performance
Ongoing financial challenges, including persistent losses and declining revenues, threaten the company's long-term viability and ability to invest in growth.
Balance Sheet Health
High leverage and declining equity indicate potential liquidity issues, limiting financial flexibility and increasing risk during economic downturns.
Cash Generation
Inadequate cash generation and lack of free cash flow hinder the company's ability to fund operations and growth initiatives, impacting long-term sustainability.
Top Spring International Holdings Limited (3688) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$508.58M
Dividend YieldN/A
Average Volume (3M)17.45K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth53.69%
EPS Growth-33.81%
CountryHK
Employees754
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.41
Shares Outstanding1,412,732,400
10 Day Avg. Volume15,800
30 Day Avg. Volume17,450
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.12
Price to Sales (P/S)0.55
P/FCF Ratio1.40
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
Top Spring International Holdings Limited Business Overview & Revenue Model
Company DescriptionTop Spring International Holdings Limited, an investment holding company, operates as a real estate property developer in the People's Republic of China. It operates through four segments: Property Development, Property Investment, Property Management and Related Services, and Education Related Services. The company develops and operates urban mixed-use communities; and develops and sells residential properties in the Greater Bay Area, the Yangtze River Delta, the Central China, and the Beijing-Tianjin and the Chengdu-Chongqing regions. It also leases shopping arcades, club houses, serviced apartments, and car park units. In addition, the company provides property management and related services to purchasers and tenants; decoration services; and education related services and products to students, as well as offers investment management services. As of December 31, 2021, it had a total of 22 property projects approximately in 11 cities at various stages of development in Shenzhen and Dongguan, Shanghai, Nanjing, Chengdu, Hangzhou, Tianjin, Changzhou, Kunming, Hong Kong, and Sydney of Australia with a total net saleable/leasable gross floor area of approximately 335,519 square meters. The company was formerly known as Top Spring Holdings Limited and changed its name to Top Spring International Holdings Limited in September 2009. Top Spring International Holdings Limited was founded in 2001 and is headquartered in Wan Chai, Hong Kong.
How the Company Makes MoneyTop Spring International Holdings Limited generates revenue primarily through the sale and leasing of residential and commercial properties. The company develops real estate projects, which include apartments, office buildings, and retail spaces, and earns income from the sale of these properties to end consumers and investors. Additionally, Top Spring engages in property management services, which provide a steady revenue stream through management fees. The company may also benefit from partnerships with local governments and other stakeholders in the real estate sector, allowing for access to prime development sites and favorable regulatory conditions, further enhancing its profitability.
Top Spring International Holdings Limited Financial Statement Overview
Summary
Top Spring International Holdings Limited is facing significant financial challenges. The income statement shows persistent losses and declining revenues, the balance sheet is highly leveraged with declining equity, and the cash flow statement shows inadequate cash generation. These factors collectively indicate a precarious financial position for the company.Income Statement
The company shows a concerning decline in its income statement metrics. Gross profit margin and net profit margin are negative, indicating the company is struggling to cover its costs. Revenue growth has been inconsistent, with significant declines in recent years. The negative EBIT and EBITDA margins further highlight operational inefficiencies and inability to generate positive earnings before interest and taxes.Balance Sheet
The balance sheet reveals potential liquidity issues with a high debt-to-equity ratio, reflecting significant leverage. The equity ratio indicates a moderate portion of assets financed by equity. However, declining stockholders' equity and total assets suggest deteriorating financial strength. Return on equity is negative, pointing to poor profitability for shareholders.Cash Flow
Cash flow metrics are weak, with no free cash flow generated in the most recent period, indicating cash constraints. The operating cash flow to net income ratio is unfavorable due to negative net income, highlighting poor cash generation relative to earnings. Historical free cash flow growth has been erratic with significant declines, raising concerns about future cash flow sustainability.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.65B | 1.37B | 954.32M | 3.67B | 638.96M | 575.05M |
| Gross Profit | -34.04M | -116.77M | -253.78M | 594.23M | 320.17M | 261.13M |
| EBITDA | -491.77M | -535.85M | -512.76M | 338.40M | 297.73M | 34.87M |
| Net Income | -2.04B | -1.83B | -876.89M | -185.10M | 33.43M | -283.26M |
Balance Sheet | ||||||
| Total Assets | 15.09B | 16.62B | 20.04B | 21.83B | 28.37B | 27.18B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 379.76M | 668.03M | 611.19M | 1.21B | 1.77B |
| Total Debt | 5.77B | 6.57B | 7.29B | 7.71B | 10.14B | 10.87B |
| Total Liabilities | 9.65B | 10.59B | 11.92B | 12.55B | 18.00B | 17.03B |
| Stockholders Equity | 5.48B | 6.07B | 8.09B | 9.22B | 10.30B | 10.07B |
Cash Flow | ||||||
| Free Cash Flow | 243.21M | 538.63M | 349.18M | 240.49M | 212.52M | -492.71M |
| Operating Cash Flow | 701.67M | 547.12M | 352.24M | 244.43M | 221.65M | -483.18M |
| Investing Cash Flow | 395.02M | 129.72M | 142.26M | 1.27B | 304.26M | 28.11M |
| Financing Cash Flow | -1.13B | -953.63M | -385.67M | -1.99B | -1.13B | -113.74M |
Top Spring International Holdings Limited Technical Analysis
Negative
0.36
Price Trends
0.40
Negative
0.41
Negative
0.38
Negative
Market Momentum
-0.01
Positive
36.96
Neutral
25.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3688, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.40, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3688.
Top Spring International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | HK$789.71M | 10.00 | 1.50% | ― | 10.78% | -12.42% | |
51 Neutral | HK$547.20M | -0.38 | -38.17% | ― | 213.63% | -61.18% | |
46 Neutral | HK$508.58M | -0.27 | -29.51% | ― | 53.69% | -33.81% | |
44 Neutral | HK$1.74B | -10.35 | ― | ― | -16.81% | -0.18% | |
44 Neutral | HK$712.93M | -0.32 | -12.55% | ― | -25.51% | -158.20% | |
38 Underperform | HK$184.08M | >-0.01 | ― | ― | -62.71% | -16.95% |
* Real Estate Sector Average
HK:3688
Top Spring International Holdings Limited
0.36
-0.14
-28.00%
HK:1243
Wang On Properties Ltd.
0.04
<0.01
5.88%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.13
-0.38
-75.44%
HK:0496
Kasen International Holdings Ltd.
0.43
0.07
17.81%
HK:0542
TFG International Group Limited
1.13
0.85
303.57%
HK:0846
Mingfa Group (International) Co. Ltd.
0.12
-0.05
-28.66%
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.