Tailam Tech Construction Holdings Limited (6193) AI Stock Analysis

• Market Cap: HK$81.20M
• Dividend Yield: N/A
• Average Volume (3M): 197.27K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• Revenue Growth: 28.86%
• EPS Growth: 98.11%
• Country: HK
• Employees: 49
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 0.02
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 255,000
• 30 Day Avg. Volume: 197,266
• PEG Ratio: 0.17
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.39
• P/FCF Ratio: -4.59
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$0.25 ▼(-2.69% Downside)

The overall stock score is primarily influenced by financial performance challenges, including declining revenue and profitability issues. Technical analysis shows some positive momentum, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.

Positive Factors

Strong Equity Position

A strong equity position indicates financial resilience, providing a buffer against economic downturns and enabling strategic investments.

Revenue Growth Potential

Partnerships with government and private developers can provide a steady project pipeline, supporting long-term revenue growth and market expansion.

Innovative Practices

Utilizing advanced technologies can improve project efficiency and sustainability, strengthening competitive advantage in the construction industry.

Negative Factors

Profitability Challenges

Persistent profitability challenges can strain financial resources and limit the ability to reinvest in growth opportunities, impacting long-term viability.

Cash Flow Issues

Negative operating cash flow suggests operational inefficiencies, which can hinder the company's ability to fund operations and invest in future growth.

Revenue Decline

A declining revenue trend indicates challenges in maintaining market share and competitiveness, potentially affecting long-term growth prospects.

Tailam Tech Construction Holdings Limited Business Overview & Revenue Model

Company Description

Tailam Tech Construction Holdings Limited (6193) is a leading construction and engineering firm based in Hong Kong, specializing in providing comprehensive construction services across various sectors, including infrastructure, commercial, and residential projects. The company is dedicated to delivering high-quality construction solutions, leveraging advanced technologies and innovative practices to enhance efficiency and sustainability in building projects.

How the Company Makes Money

Tailam Tech Construction Holdings Limited generates revenue primarily through its construction projects, which include civil engineering works, building construction, and specialized contracting services. The company earns income by bidding for and securing contracts from both public and private sector clients. Key revenue streams include project management fees, construction services, and maintenance contracts. Additionally, Tailam Tech may benefit from partnerships with government agencies and private developers, which can provide a steady pipeline of projects. The company may also explore joint ventures or collaborations with other firms, enhancing its capabilities and market reach, thereby contributing to its overall earnings.

Tailam Tech Construction Holdings Limited Financial Statement Overview

Summary

The company is experiencing revenue decline and profitability challenges, with negative EBIT and EBITDA margins. Despite a stable balance sheet, cash flow issues indicate operational inefficiencies and liquidity concerns.

Income Statement

The company's revenue has been declining over the past years, with a sharp decrease from 2021 to 2024. Profitability metrics such as gross profit margin and net profit margin have worsened, indicating operational and cost management challenges. EBIT and EBITDA margins are also negative, highlighting persistent profitability issues.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, suggesting financial stability. However, the debt-to-equity ratio has fluctuated, showing some leverage concerns. The return on equity has turned negative, reflecting recent losses, but overall, the balance sheet remains relatively stable.

Cash Flow

The company has faced significant challenges in generating positive free cash flow, especially in recent years. Operating cash flow turned negative, indicating issues with cash generation from core operations. Free cash flow growth is concerning as it has not been consistent, impacting overall cash flow health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	243.70M	185.33M	245.03M	326.17M	488.37M	431.02M
Gross Profit	34.95M	18.36M	33.09M	42.87M	51.96M	62.27M
EBITDA	11.11M	1.48M	3.56M	25.69M	17.02M	28.72M
Net Income	-391.00K	-11.02M	-17.64M	8.96M	1.71M	14.59M
Balance Sheet
Total Assets	322.13M	280.53M	289.38M	403.00M	437.71M	357.89M
Cash, Cash Equivalents and Short-Term Investments	39.59M	18.02M	53.38M	44.29M	36.10M	64.57M
Total Debt	49.53M	139.00K	5.35M	52.93M	54.98M	29.50M
Total Liabilities	119.57M	84.58M	82.32M	177.24M	217.53M	132.10M
Stockholders Equity	202.56M	195.95M	207.06M	225.76M	220.17M	225.78M
Cash Flow
Free Cash Flow	-51.87M	-15.55M	50.14M	11.25M	-43.10M	-8.15M
Operating Cash Flow	-49.58M	-15.30M	52.11M	21.99M	-12.89M	59.49M
Investing Cash Flow	14.03M	-245.00K	-1.85M	-9.74M	-30.46M	-67.80M
Financing Cash Flow	31.79M	-22.51M	-49.39M	-5.01M	14.84M	-12.28M

Tailam Tech Construction Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6193, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.23, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 61.07 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6193.

Tailam Tech Construction Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
2233	60 Neutral	$16.22B	15.25	7.74%	1.27%	20.56%	254.64%
6193	53 Neutral	HK$81.20M	-169.17	-0.22%	―	28.86%	98.11%
0695	51 Neutral	HK$2.30B	-71.97	-6.75%	―	-11.16%	41.97%
1847	49 Neutral	HK$83.01M	-2.45	-8.97%	―	-11.66%	-128.11%
0691	48 Neutral	HK$3.09B	20.06	0.80%	―	-14.85%	―
1252	48 Neutral	€955.82M	2.62	2.15%	―	0.18%	―

Tailam Tech Construction Holdings Limited Corporate Events

Tailam Tech Construction Holdings Limited Announces Auditor Change

Tailam Tech Construction Holdings Limited has announced a change of auditor due to a disagreement with PricewaterhouseCoopers (PwC) over audit fees for the year ending December 2025. PwC has resigned, and BDO Limited has been appointed as the new auditor. The change is expected to enhance cost-effectiveness and reduce operating expenses without impacting the annual audit. The Board and Audit Committee have confirmed no unresolved matters with PwC and expressed gratitude for their past services.

Tailam Tech Construction Announces Board Composition and Roles

Tailam Tech Construction Holdings Limited has announced the composition of its board of directors and their respective roles within the company. The board comprises executive, non-executive, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement reflects the company’s governance structure and may influence its strategic decisions and stakeholder relations.

Tailam Tech Announces Key Board Changes

Tailam Tech Construction Holdings Limited announced a change in its board composition, with Mr. Cui Yu Shu resigning as an independent non-executive director to focus on personal commitments. Mr. Wong Kit Wai, with extensive experience in corporate and financial management, will replace him, bringing his expertise to the Audit, Remuneration, and Nomination Committees. This transition is expected to strengthen the company’s governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence positively.