ITE (Holdings) Limited (8092) AI Stock Analysis

• Market Cap: HK$48.13M
• Dividend Yield: 3.85%
• Average Volume (3M): 2.51M
• Price to Earnings (P/E): 23.6
• Beta (1Y): 0.15
• Revenue Growth: -15.78%
• EPS Growth: -46.15%
• Country: HK
• Employees: 21
• Sector: Technology
• Sector Strength: 87
• Industry: Communication Equipment
• EPS (TTM): <0.01
• Shares Outstanding: 925,508,000
• 10 Day Avg. Volume: 6,028,400
• 30 Day Avg. Volume: 2,509,066
• PEG Ratio: -0.25
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.64
• 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

• Rating: 58 Neutral
• 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 Business Overview & Revenue Model

Company Description

ITE (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 Money

ITE (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

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

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

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.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	12.27M	12.73M	15.94M	32.66M	49.75M	44.35M
Gross Profit	7.98M	8.14M	9.56M	13.69M	16.39M	12.71M
EBITDA	2.11M	2.89M	6.13M	8.46M	11.61M	5.09M
Net Income	1.97M	2.00M	4.82M	6.16M	8.45M	1.02M
Balance Sheet
Total Assets	22.14M	23.03M	27.64M	29.45M	33.92M	32.64M
Cash, Cash Equivalents and Short-Term Investments	19.28M	18.57M	21.19M	11.06M	9.21M	4.59M
Total Debt	367.00K	725.40K	1.42M	1.47M	3.94M	11.89M
Total Liabilities	4.16M	3.82M	5.82M	6.90M	12.89M	19.70M
Stockholders Equity	17.99M	19.21M	21.82M	22.55M	21.03M	12.95M
Cash Flow
Free Cash Flow	4.03M	2.06M	4.76M	8.57M	16.44M	6.71M
Operating Cash Flow	4.03M	2.06M	4.77M	8.60M	16.47M	6.82M
Investing Cash Flow	388.00K	677.27K	898.61K	445.79K	41.78K	71.25K
Financing Cash Flow	-2.60M	-5.37M	4.51M	-7.23M	-11.90M	-6.87M

ITE (Holdings) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8367	74 Outperform	HK$18.64M	1.62	-80.18%	―	4.39%	―
8092	58 Neutral	HK$48.13M	23.64	10.68%	3.85%	-15.78%	-46.15%
Sector *	56 Neutral	HK$13.54B	4.87	-5.76%	5.64%	8.06%	-42.52%
8083	51 Neutral	HK$3.12B	―	-16.87%	―	-2.35%	-837.50%
8297	40 Underperform	HK$50.45M	―		―	-15.26%	27.67%
8176	39 Underperform	HK$60.73M	―		―	98.29%	65.99%
8050	39 Underperform	HK$146.48M	―	-253.21%	―	79.84%	-219.70%