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Unitas Holdings Limited (HK:8020)
:8020
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Unitas Holdings Limited
(8020)
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Rating:40Underperform
Price Target:
HK$0.02
▼(-5.00% Downside)
Unitas Holdings Limited's overall stock score is primarily impacted by its poor financial performance, which is characterized by declining revenue, high leverage, and negative equity. Technical analysis further indicates weak momentum, and valuation metrics are unattractive due to negative earnings and lack of dividends. These factors collectively contribute to a low overall stock score.
Positive Factors
Diversified Revenue Streams
The company's diversified revenue streams across financial services, real estate, and technology provide resilience against sector-specific downturns, supporting long-term stability and growth potential.
Strategic Partnerships
Strategic partnerships enhance market reach and operational capabilities, potentially leading to increased revenue opportunities and competitive advantages in the long term.
Free Cash Flow Generation
A high free cash flow to net income ratio indicates efficient cash generation relative to earnings, providing financial flexibility for investments and debt reduction.
Negative Factors
High Financial Leverage
Excessive leverage and negative equity pose significant financial risks, potentially impacting the company's ability to meet obligations and invest in growth opportunities.
Declining Profit Margins
The significant decline in profit margins indicates reduced efficiency and profitability, which could hinder the company's ability to reinvest in its business and sustain long-term growth.
Negative Operating Cash Flow
Negative operating cash flow suggests challenges in generating sufficient cash from core operations, potentially affecting liquidity and the ability to fund ongoing business activities.
Unitas Holdings Limited (8020) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$49.65M
Dividend YieldN/A
Average Volume (3M)75.67K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth13.20%
EPS Growth-8000.00%
CountryHK
Employees79
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,612,959,200
10 Day Avg. Volume2,000
30 Day Avg. Volume75,666
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-29.40
Price to Sales (P/S)0.68
P/FCF Ratio-3.71
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 ConsensusModerate Sell
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Unitas Holdings Limited Business Overview & Revenue Model
Company DescriptionUnitas Holdings Limited, an investment holding company, provides dry bulk shipping and logistic service in Hong Kong. It operates through Dry Bulk Shipping and Logistic Services; and IP Automation and Entertainment Business segments. The company also engages in the operation of 2 shops under the Ganawawa brand name, which provides automation gift machines, thematic game machines, and carnival game booths, as well as retail outlet; and sale of medical mask and other merchandise. Unitas Holdings Limited was incorporated in 2011 and is headquartered in Kwun Tong, Hong Kong.
How the Company Makes MoneyUnitas Holdings Limited generates revenue through multiple key streams. Primarily, the company earns income from its financial services division, which includes asset management fees from managing investment portfolios for individuals and institutions. Additionally, revenue is generated from property development projects, where the company develops, sells, or leases commercial and residential properties. The technology segment contributes through the sale of software solutions and consulting services that cater to various industries. The company also capitalizes on strategic partnerships with other firms, enhancing its market reach and operational capabilities, which further supports its revenue generation efforts.
Unitas Holdings Limited Financial Statement Overview
Summary
Unitas Holdings Limited is facing significant financial challenges. The income statement shows declining revenue and profitability, the balance sheet reveals high leverage and negative equity, and the cash flow statement indicates unstable cash generation. The company needs to address its operational inefficiencies and financial structure to improve its financial health and sustainability.Income Statement
Unitas Holdings Limited has experienced declining revenue growth with a negative trend in profitability. The gross profit margin has decreased significantly from 20.72% in 2024 to 6.83% in 2025, indicating reduced efficiency in generating profit from sales. The net profit margin has also worsened, moving from -0.21% in 2024 to -21.27% in 2025, reflecting substantial losses. EBIT and EBITDA margins are negative, highlighting operational challenges. Overall, the income statement reveals a struggling financial performance with declining revenue and profitability.30
Negative
Balance Sheet
The balance sheet of Unitas Holdings Limited shows significant financial instability. The debt-to-equity ratio is highly negative at -5.78 in 2025, indicating excessive leverage and negative equity. Return on equity is positive at 9.21%, but this is due to the negative equity, which is not sustainable. The equity ratio is negative, reflecting a concerning financial structure with liabilities exceeding assets. The balance sheet indicates high financial risk and potential solvency issues.20
Very Negative
Cash Flow
Cash flow analysis shows some positive aspects, such as a high free cash flow to net income ratio of 1.59 in 2025, indicating that the company generates more free cash flow relative to its net income. However, the operating cash flow is negative, and the free cash flow growth rate is volatile, showing a significant increase of 147.57% in 2025. Despite some positive cash flow metrics, the overall cash flow situation is unstable, with negative operating cash flows posing a risk to liquidity.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.04M | 100.04M | 88.18M | 90.99M | 47.94M | 7.17M |
| Gross Profit | 6.83M | 6.83M | 18.27M | 11.15M | 8.75M | 3.15M |
| EBITDA | -26.68M | -16.98M | 902.00K | 318.00K | -1.69M | -2.99M |
| Net Income | -31.11M | -21.28M | -187.00K | -1.03M | -4.97M | -8.15M |
Balance Sheet | ||||||
| Total Assets | 44.90M | 44.90M | 66.19M | 40.98M | 51.57M | 33.26M |
| Cash, Cash Equivalents and Short-Term Investments | 8.06M | 8.06M | 25.21M | 29.03M | 28.43M | 26.54M |
| Total Debt | 13.36M | 13.36M | 1.46M | 2.13M | 3.66M | 5.05M |
| Total Liabilities | 47.22M | 47.22M | 46.82M | 21.70M | 30.99M | 17.16M |
| Stockholders Equity | -2.31M | -2.31M | 18.95M | 19.28M | 20.58M | 16.10M |
Cash Flow | ||||||
| Free Cash Flow | -18.32M | -18.32M | -3.43M | 1.44M | -6.87M | 39.74M |
| Operating Cash Flow | -11.51M | -11.51M | -2.34M | 2.02M | -6.15M | 41.46M |
| Investing Cash Flow | -6.76M | -6.76M | -1.09M | 758.00K | -718.00K | -2.28M |
| Financing Cash Flow | 1.15M | 1.15M | -197.00K | -2.13M | 8.76M | -13.79M |
Unitas Holdings Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
34.94
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8020, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 34.94 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8020.
Unitas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$141.00M | 7.12 | 7.34% | 6.21% | 2.81% | 23.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$182.22M | ― | -2.23% | ― | -11.79% | 25.41% | |
53 Neutral | HK$179.80M | 23.67 | 3.67% | ― | 17.91% | ― | |
45 Neutral | HK$86.69M | ― | -84.30% | ― | -74.22% | 23.27% | |
41 Neutral | €588.52M | -25.43 | -20.27% | ― | -37.93% | -152.17% | |
40 Underperform | HK$49.65M | -2.35 | -255.72% | ― | 13.20% | -8000.00% |
* Industrials Sector Average
HK:8020
Unitas Holdings Limited
0.02
<0.01
5.00%
HK:0351
Asia Energy Logistics Group Limited
0.29
0.17
143.70%
HK:1145
Courage Investment Group Limited
0.17
0.05
40.00%
HK:1549
Ever Harvest Group Holdings Limited
0.12
<0.01
6.96%
HK:2682
Yun Lee Marine Group Holdings Limited
0.16
0.04
34.48%
HK:3683
Great Harvest Maeta Holdings Limited
0.09
-0.10
-53.26%
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.