WLS Holdings Ltd (8021) AI Stock Analysis

• Market Cap: HK$143.67M
• Dividend Yield: N/A
• Average Volume (3M): 6.27M
• Price to Earnings (P/E): 0.7
• Beta (1Y): 0.33
• Revenue Growth: -3.98%
• EPS Growth: 37.50%
• Country: HK
• Employees: 43
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): <0.01
• Shares Outstanding: 14,367,101,000
• 10 Day Avg. Volume: 840,000
• 30 Day Avg. Volume: 6,273,583
• PEG Ratio: 1.29
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 4.18
• P/FCF Ratio: 100.20
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: HK$0.01 ▲(0.00% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

Overall score reflects a fragile financial recovery: improved margins and a return to positive operating/free cash flow are positives, but ongoing net losses and shrinking revenue remain major risks. Technical indicators are weak (below longer-term moving averages with negative MACD), while valuation looks optically cheap on P/E but lacks dividend support.

Positive Factors

Improving margins

Sustained high gross margin and a positive EBIT margin indicate stronger unit economics and better cost control. Over 2–6 months this supports operating leverage, improves resilience to revenue volatility, and creates room to reinvest in the business as the firm pursues full profitability.

Negative Factors

Ongoing net losses

Persistent net losses erode retained earnings and limit the company's ability to deliver shareholder returns or self-fund growth. Even with operating margin gains, continued bottom-line losses require either sustained margin improvement or structural revenue recovery to restore long-term profitability.

WLS Holdings Ltd Business Overview & Revenue Model

Company Description

WLS Holdings Limited, an investment holding company, provides scaffolding and fitting out, and other auxiliary services for the construction and building works businesses in Hong Kong. It operates through four segments: Scaffolding, Fitting Out an...

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WLS Holdings Limited, an investment holding company, provides scaffolding and fitting out, and other auxiliary services for the construction and building works businesses in Hong Kong. It operates through four segments: Scaffolding, Fitting Out an...

WLS Holdings Ltd Financial Statement Overview

Breakdown	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2021
Income Statement
Total Revenue	79.13M	82.41M	145.96M	189.05M	150.21M
Gross Profit	52.16M	50.74M	47.85M	71.12M	72.04M
EBITDA	7.56M	4.71M	-94.35M	6.15M	3.09M
Net Income	-6.85M	-11.15M	-112.38M	-10.82M	-16.90M
Balance Sheet
Total Assets	585.10M	582.04M	575.61M	703.37M	711.07M
Cash, Cash Equivalents and Short-Term Investments	68.77M	66.14M	63.78M	108.14M	108.70M
Total Debt	152.88M	149.35M	125.50M	143.24M	153.78M
Total Liabilities	207.61M	198.16M	179.50M	200.83M	202.18M
Stockholders Equity	377.50M	383.88M	396.11M	509.64M	521.35M
Cash Flow
Free Cash Flow	3.30M	-16.26M	-6.18M	-44.93M	-53.89M
Operating Cash Flow	3.30M	-16.24M	-4.98M	-35.01M	-52.07M
Investing Cash Flow	-414.00K	244.00K	13.89M	43.05M	674.00K
Financing Cash Flow	-5.83M	15.96M	-15.65M	-5.06M	-9.31M

WLS Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8021, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 0.00 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8021.

WLS Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6038	74 Outperform	HK$391.17M	6.68	18.10%	12.50%	5.55%	-18.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8021	52 Neutral	HK$143.67M	0.71	13.27%	―	-3.98%	37.50%
0896	46 Neutral	HK$265.05M	-0.25	-11.32%	―	-8.54%	-25.17%
1447	44 Neutral	HK$240.00M	11.38	4.36%	15.38%	13.59%	-12.52%