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ITE (Holdings) Limited (HK:8092)
:8092
Hong Kong Market

ITE (Holdings) Limited (8092) AI Stock Analysis

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HK

ITE (Holdings) Limited

(8092)

Rating:58Neutral
Price Target:
ITE (Holdings) Limited demonstrates a solid equity position with low debt, which is a significant strength. However, declining revenues and weakened cash flow generation pose challenges for future growth. Technical indicators present mixed signals, with some suggesting potential oversold conditions. The valuation appears attractive due to a low P/E ratio and high dividend yield, which slightly offsets the financial performance concerns.

ITE (Holdings) Limited (8092) vs. iShares MSCI Hong Kong ETF (EWH)

ITE (Holdings) Limited Business Overview & Revenue Model

Company DescriptionITE (Holdings) Limited, listed on the Hong Kong Stock Exchange under the ticker 8092, is a technology-focused company primarily engaged in providing integrated solutions and services in the sectors of information technology and engineering. The company offers a range of services including smart city solutions, e-commerce platforms, and IT consultancy services, catering to both public and private sector clients.
How the Company Makes MoneyITE (Holdings) Limited generates revenue through various streams including the provision of IT consultancy services which involve advising clients on technology strategies and solutions. Additionally, the company earns income from implementing smart city solutions that enhance urban infrastructure through technology integration. E-commerce platform development and maintenance also contribute to their revenue, as they assist businesses in establishing and managing online sales channels. The company's earnings are further supported by strategic partnerships with technology providers and government contracts in the regions they operate.

ITE (Holdings) Limited Financial Statement Overview

Summary
ITE (Holdings) Limited faces challenges with declining revenue and profitability over recent years. Despite a solid equity position and low debt levels, the company's ability to generate cash flow has weakened, potentially impacting its capacity for investment and growth in the competitive communication equipment industry.
Income Statement
45
Neutral
The company has experienced a significant decline in revenue over the past three years, with a drop from HKD 44.3 million in 2020 to HKD 12.7 million in 2024. This represents a negative revenue growth rate. Despite this, the gross profit margin improved slightly to 64% in 2024. However, both the EBIT margin and net profit margin have decreased over the years, indicating declining operational efficiency and profitability.
Balance Sheet
60
Neutral
The company maintains a strong equity position with a low debt-to-equity ratio of 0.038 in 2024, indicating minimal reliance on debt. The equity ratio is healthy at 83%, pointing to a stable financial structure. However, total assets have declined over the years, which may impact future growth capabilities.
Cash Flow
55
Neutral
Operating cash flow decreased significantly from HKD 16.5 million in 2021 to HKD 2.1 million in 2024. Free cash flow has also reduced, though it remains positive. The operating cash flow to net income ratio remains favorable, but overall cash flow generation has weakened, which may affect liquidity.
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue12.27M12.73M15.94M32.66M49.75M44.35M
Gross Profit7.98M8.14M9.56M13.69M16.39M12.71M
EBITDA2.11M2.89M6.13M8.46M11.61M5.09M
Net Income1.97M2.00M4.82M6.16M8.45M1.02M
Balance Sheet
Total Assets22.14M23.03M27.64M29.45M33.92M32.64M
Cash, Cash Equivalents and Short-Term Investments19.28M18.57M21.19M11.06M9.21M4.59M
Total Debt367.00K725.40K1.42M1.47M3.94M11.89M
Total Liabilities4.16M3.82M5.82M6.90M12.89M19.70M
Stockholders Equity17.99M19.21M21.82M22.55M21.03M12.95M
Cash Flow
Free Cash Flow4.03M2.06M4.76M8.57M16.44M6.71M
Operating Cash Flow4.03M2.06M4.77M8.60M16.47M6.82M
Investing Cash Flow388.00K677.27K898.61K445.79K41.78K71.25K
Financing Cash Flow-2.60M-5.37M4.51M-7.23M-11.90M-6.87M

ITE (Holdings) Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Negative
RSI
70.41
Negative
STOCH
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8092, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.41 is Negative, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8092.

ITE (Holdings) Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$18.64M1.62-80.18%4.39%
58
Neutral
HK$48.13M23.6410.68%3.85%-15.78%-46.15%
56
Neutral
HK$13.54B4.87-5.76%5.64%8.06%-42.52%
51
Neutral
HK$3.12B-16.87%-2.35%-837.50%
40
Underperform
HK$50.45M
-15.26%27.67%
39
Underperform
HK$60.73M
98.29%65.99%
39
Underperform
HK$146.48M-253.21%79.84%-219.70%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8092
ITE (Holdings) Limited
0.05
0.03
150.00%
HK:8367
Simplicity Holding Ltd.
0.27
-1.39
-83.73%
HK:8297
Ocean Star Technology Group Limited
0.04
-0.06
-60.00%
HK:8176
SuperRobotics Holdings Ltd.
0.09
-0.22
-70.97%
HK:8050
Quantum Thinking Limited
0.11
-0.03
-21.43%
HK:8083
China Youzan
0.10
0.02
33.80%
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.Date of analysis: May 01, 2025