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Kwong Man Kee Group Ltd
(8023)
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Rating:61Neutral
Price Target:
HK$0.36
▲(30.00% Upside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by mixed financial quality: solid margins and a low-debt balance sheet are positives, but the sharp 2026 revenue decline and inconsistent cash conversion reduce confidence in earnings durability. Technicals are mildly supportive with price above key moving averages, while valuation looks only fair given the growth and cash-flow volatility.
Positive Factors
Conservative balance sheet
Low leverage and steadily rising equity provide financial flexibility to fund projects, withstand downturns, and pursue selective opportunities without stressing solvency. This structural conservatism reduces refinancing and default risk over a multi-month horizon.
Negative Factors
Revenue decline & volatility
A sharp top-line contraction and inconsistent revenue history undermine visibility into medium-term growth. For a project-driven engineering firm, erratic revenue suggests project timing or backlog issues that can compress utilization and margin sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steadily rising equity provide financial flexibility to fund projects, withstand downturns, and pursue selective opportunities without stressing solvency. This structural conservatism reduces refinancing and default risk over a multi-month horizon.
Read all positive factors
Kwong Man Kee Group Ltd (8023) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$206.12M
Dividend Yield1.75%
Average Volume (3M)11.80K
Price to Earnings (P/E)22.7
Beta (1Y)-0.83
Revenue Growth-0.39%
EPS Growth68.61%
CountryHK
Employees56
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding597,444,000
10 Day Avg. Volume22,200
30 Day Avg. Volume11,800
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.28
Price to Sales (P/S)1.06
P/FCF Ratio66.51
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
Kwong Man Kee Group Ltd Business Overview & Revenue Model
Company Description
As an investment holding entity, Kwong Man Kee Group Limited specializes in offering engineering solutions for the car park flooring sector across Hong Kong. Its primary services encompass the application of unique floor coating products, creating...
Kwong Man Kee Group Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
49
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 166.28M | 166.94M | 147.56M | 170.61M | 110.42M |
| Gross Profit | 51.43M | 51.72M | 53.31M | 53.85M | 35.74M |
| EBITDA | 25.43M | 16.40M | 22.46M | 27.27M | 12.06M |
| Net Income | 13.82M | 8.19M | 13.86M | 19.12M | 7.46M |
Balance Sheet | |||||
| Total Assets | 195.91M | 179.90M | 181.26M | 174.30M | 149.80M |
| Cash, Cash Equivalents and Short-Term Investments | 30.35M | 33.45M | 50.55M | 38.47M | 23.87M |
| Total Debt | 15.54M | 9.11M | 15.53M | 13.96M | 15.94M |
| Total Liabilities | 54.18M | 50.09M | 54.81M | 55.62M | 47.99M |
| Stockholders Equity | 138.01M | 127.35M | 125.08M | 118.25M | 102.10M |
Cash Flow | |||||
| Free Cash Flow | 2.65M | 294.87K | 18.71M | 23.86M | -4.15M |
| Operating Cash Flow | 12.12M | 1.18M | 20.00M | 24.20M | 148.11K |
| Investing Cash Flow | -9.46M | -349.60K | -768.00K | -6.48M | -9.71M |
| Financing Cash Flow | -5.54M | -13.68M | -7.45M | -7.22M | -1.09M |
Kwong Man Kee Group Ltd Technical Analysis
Positive
0.28
Price Trends
0.32
Positive
0.33
Positive
0.32
Positive
Market Momentum
0.02
Negative
64.95
Neutral
86.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8023, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.32, and below the 200-day MA of 0.32, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.95 is Neutral, neither overbought nor oversold. The STOCH value of 86.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8023.
Kwong Man Kee Group Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$151.75M | 9.55 | 11.27% | 13.51% | -32.40% | 671.43% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$206.12M | 22.73 | 7.09% | 1.75% | -0.39% | 68.61% | |
55 Neutral | HK$117.81M | 1.55 | 13.27% | ― | -13.13% | 24.54% | |
51 Neutral | HK$163.60M | -53.92 | -0.14% | 5.26% | -15.53% | -105.86% | |
43 Neutral | HK$169.68M | -1.42 | -25.76% | ― | -20.67% | 43.14% | |
38 Underperform | HK$152.00M | -1.08 | -98.05% | ― | 15.26% | 10.41% |
* Industrials Sector Average
HK:8023
Kwong Man Kee Group Ltd
0.35
0.02
7.81%
HK:0385
Chinney Alliance Group Limited
0.28
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-27.82%
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New Concepts Holdings Ltd
0.74
0.08
12.12%
HK:6816
Prosper Construction Holdings Limited
0.19
0.08
74.31%
HK:8021
WLS Holdings Ltd
0.16
-0.51
-75.60%
HK:1690
Lap Kei Engineering (Holdings) Limited
0.11
0.05
90.91%
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.