G & M Holdings Ltd. (HK:6038)
:6038
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G & M Holdings Ltd.
(6038)
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Rating:74Outperform
Price Target:
HK$0.37
▲(54.17% Upside)
Action:ReiteratedDate:12/25/25
The score is driven primarily by strong profitability and a solid, low-leverage balance sheet, supported by attractive valuation (low P/E and high dividend yield). Offsetting these positives are weaker cash-flow stability (including zero operating cash flow) and technically overbought conditions that increase near-term downside risk.
Positive Factors
Profitability & Margins
Sustained strong gross, net and EBIT/EBITDA margins indicate durable operational efficiency and pricing power. Over 2–6 months this supports cash generation (when operating cash improves), resilience to input cost swings, and capacity to fund operations and selective reinvestment.
Negative Factors
Operating Cash Flow Weakness
Zero operating cash flow is a structural concern: it limits the company’s ability to fund working capital, capex, and distributions from internal resources. Over months this increases reliance on external financing, raising cost and execution risk for projects and payouts.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Margins
Sustained strong gross, net and EBIT/EBITDA margins indicate durable operational efficiency and pricing power. Over 2–6 months this supports cash generation (when operating cash improves), resilience to input cost swings, and capacity to fund operations and selective reinvestment.
Read all positive factors
G & M Holdings Ltd. (6038) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$386.15M
Dividend Yield12.5%
Average Volume (3M)1.76M
Price to Earnings (P/E)6.7
Beta (1Y)0.25
Revenue Growth5.55%
EPS Growth-18.91%
CountryHK
Employees106
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,003,000,000
10 Day Avg. Volume4,680,000
30 Day Avg. Volume1,760,333
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.83
Price to Sales (P/S)0.53
P/FCF Ratio1.44
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
G & M Holdings Ltd. Business Overview & Revenue Model
Company Description
G & M Holdings Limited, an investment holding company, provides design and build, and repair and maintenance services in relation to podium facade and curtain wall works in Hong Kong and the People's Republic of China. It also designs aluminum and...
How the Company Makes Money
G & M Holdings Ltd. generates revenue primarily through its property development and investment activities. The company earns money by selling developed properties and leasing commercial and residential spaces, which provide a steady stream of ren...
G & M Holdings Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 472.58M | 429.31M | 496.63M | 382.79M | 403.21M | 243.40M |
| Gross Profit | 125.61M | 114.46M | 102.52M | 91.20M | 86.13M | 59.26M |
| EBITDA | 57.83M | 46.45M | 72.91M | 54.66M | 51.74M | 31.98M |
| Net Income | 52.06M | 43.19M | 57.00M | 43.40M | 36.80M | 23.30M |
Balance Sheet | ||||||
| Total Assets | 488.20M | 489.18M | 484.84M | 403.68M | 408.49M | 348.94M |
| Cash, Cash Equivalents and Short-Term Investments | 380.48M | 348.25M | 249.73M | 184.84M | 94.69M | 176.50M |
| Total Debt | 1.41M | 3.26M | 5.78M | 8.32M | 26.98M | 15.14M |
| Total Liabilities | 171.72M | 212.19M | 171.27M | 114.07M | 151.18M | 112.07M |
| Stockholders Equity | 316.48M | 276.99M | 313.57M | 289.61M | 257.31M | 236.87M |
Cash Flow | ||||||
| Free Cash Flow | 103.31M | 159.65M | 102.18M | -19.47M | -55.90M | 37.27M |
| Operating Cash Flow | 104.86M | 161.20M | 133.33M | 120.86M | -50.80M | 40.25M |
| Investing Cash Flow | 133.08M | 89.39M | -79.48M | -140.34M | -5.10M | -2.97M |
| Financing Cash Flow | -82.08M | -83.74M | -36.68M | -29.88M | -4.96M | -16.58M |
G & M Holdings Ltd. Technical Analysis
Neutral
0.24
Price Trends
0.37
Positive
0.32
Positive
0.27
Positive
Market Momentum
<0.01
Positive
48.55
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6038, the sentiment is Neutral. The current price of 0.24 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.37, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.55 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6038.
G & M Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$386.15M | 6.68 | 17.54% | 12.50% | 5.55% | -18.91% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | HK$268.91M | -14.68 | -6.83% | 8.33% | 0.94% | 82.30% | |
47 Neutral | HK$70.56M | -5.35 | -9.80% | ― | 3.97% | 14.02% | |
46 Neutral | HK$266.12M | -0.25 | -11.32% | ― | -8.54% | -25.17% | |
44 Neutral | HK$236.00M | 11.38 | 4.36% | 15.38% | 13.59% | -12.52% | |
44 Neutral | HK$162.62M | -4.56 | -81.85% | ― | -63.83% | 36.12% |
* Services Sector Average
HK:6038
G & M Holdings Ltd.
0.39
0.19
94.44%
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Hanison Construction Holdings
0.25
-0.02
-8.15%
HK:1447
SFK Construction Holdings Ltd.
0.59
0.08
15.23%
HK:1559
Kwan On Holdings Ltd.
0.06
-0.04
-40.82%
HK:1707
Geotech Holdings Ltd.
0.04
-0.06
-58.82%
HK:2863
Golden Faith Group Holdings Limited
0.39
0.09
27.87%
G & M Holdings Ltd. Corporate Events
G & M Holdings Declares Special Dividend and Sets Register Closure Dates
Dec 30, 2025
G M Holdings Limited has declared a special dividend of HK$0.035 per ordinary share, approved by its board on 30 December 2025, to be paid on or before 30 January 2026 to shareholders on the register at the close of business on 16 January 2026. T...
G & M Holdings Declares Special Cash Dividend of HKD 0.035 Per Share
Dec 30, 2025
G M Holdings Limited has declared a special cash dividend of HKD 0.035 per share for the financial year ending 31 December 2025, to be paid in Hong Kong dollars. The shares will trade ex-dividend on 13 January 2026, with the record date set for 1...
G & M Holdings Considers Special Dividend Declaration
Dec 16, 2025
G M Holdings Limited has announced that its board of directors is considering the declaration and payment of a special dividend to its shareholders. The decision on the special dividend will be made by the board on December 30, 2025, and further ...
G & M Holdings Limited Relocates Principal Place of Business in Hong Kong
Dec 1, 2025
G M Holdings Limited has announced a change in its principal place of business in Hong Kong, effective from December 1, 2025. The new address is Units 1101, 1102, 1103, 1107, and 1108, 11/F., Magnet Place Tower 1, 77 – 81 Container Port Roa...
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.