Unitas Holdings Limited (8020) AI Stock Analysis

• Market Cap: HK$60.10M
• Dividend Yield: N/A
• Average Volume (3M): 157.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: 13.20%
• EPS Growth: -8000.00%
• Country: HK
• Employees: 79
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): >-0.01
• Shares Outstanding: 2,612,959,200
• 10 Day Avg. Volume: 12,000
• 30 Day Avg. Volume: 157,000
• 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 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: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

Unitas Holdings Limited's overall stock score is significantly impacted by its poor financial performance, marked by declining revenue, profitability, and high financial risk. Technical analysis also indicates bearish momentum, while valuation metrics are unfavorable due to negative earnings and lack of dividends. These factors collectively contribute to a low stock score.

Unitas Holdings Limited Business Overview & Revenue Model

Company Description

Unitas 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 Money

Unitas 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.

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.

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.

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

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 34.92 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2682	69 Neutral	HK$154.00M	7.78	7.34%	6.49%	11.53%	-37.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1145	54 Neutral	HK$186.61M	13.47	-2.23%	―	-11.79%	25.41%
1549	52 Neutral	HK$198.40M	26.12	3.67%	―	17.91%	―
0351	45 Neutral	€618.44M	―	-20.27%	―	-37.93%	-152.17%
8020	39 Underperform	HK$60.10M	―	-255.72%	―	13.20%	-8000.00%
3683	39 Underperform	HK$85.74M	―	-84.30%	―	4.07%	-44.88%