Kaisun Holdings Limited (8203) AI Stock Analysis

• Market Cap: HK$188.04M
• Dividend Yield: N/A
• Average Volume (3M): 22.63K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 0.33
• Revenue Growth: 47.32%
• EPS Growth: 2.60%
• Country: HK
• Employees: 107
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): -0.04
• Shares Outstanding: 583,415,830
• 10 Day Avg. Volume: 5,600
• 30 Day Avg. Volume: 22,633
• PEG Ratio: -0.18
• Price to Book (P/B): -5.21
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 3.40
• 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: HK$0.50
• Price Target Upside: 51.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: HK$0.50 ▲(51.52% Upside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by negative equity and cash flow challenges. Technical analysis provides a neutral outlook, while the valuation suggests the stock is fairly priced. The absence of earnings call insights and corporate events does not affect the score.

Kaisun Holdings Limited Business Overview & Revenue Model

Company Description

Kaisun Holdings Limited, an investment holding company, engages in the mining, exploitation, processing, production, and sale of coal. The company operates through three segments: Coal Mining Business, Consulting and Media Service Business, and Corporate and Investment Business. It also provides supply chain management services for the mineral business; produces mining and metallurgical machineries; trades in securities; and manufactures coal mining related equipment. In addition, the company engages in the provision of corporate, consulting, logistics, advertising and public relationship event, media, and trust and trustee services; e-sport businesses; and construction and operation of a railway logistic platforms. It has operations in Hong Kong, rest of the People's Republic of China, Dubai, and internationally. The company was formerly known as Kaisun Energy Group Limited and changed its name to Kaisun Holdings Limited in July 2018. Kaisun Holdings Limited was incorporated in 2002 and is headquartered in Hong Kong, Hong Kong.

How the Company Makes Money

Kaisun Holdings Limited generates revenue through a variety of channels in its core operational sectors. The company earns income from its mining operations by extracting and selling natural resources, primarily coal, to domestic and international markets. In the manufacturing sector, it produces and sells a range of industrial products, contributing further to its revenue. Additionally, the company engages in resources trading, acting as an intermediary in the buying and selling of commodities, which provides a steady income stream. Kaisun Holdings also offers supply chain management services that include logistics and trade facilitation, adding another layer of revenue through service fees. The company's strategic partnerships and investments in infrastructure projects along the Belt and Road Initiative are significant factors that enhance its business prospects and financial returns.

Kaisun Holdings Limited Financial Statement Overview

Summary

Kaisun Holdings Limited faces significant financial challenges. Despite recent revenue growth, the company struggles with profitability and has a precarious balance sheet marked by negative equity. Cash flow issues further exacerbate the situation, limiting strategic flexibility and potential for future investment.

Income Statement

The company has demonstrated strong revenue growth, particularly from 2023 to 2024, with a significant increase in Total Revenue. However, profitability remains a concern with low Gross Profit Margins and fluctuating Net Profit Margins. While the EBIT and EBITDA margins have improved in 2024, they are still relatively low, indicating ongoing profitability challenges.

Balance Sheet

The balance sheet shows a negative stockholders' equity, which is a major concern as it indicates more liabilities than assets. The Debt-to-Equity Ratio is not favorable due to negative equity, and the company faces high leverage risks. Equity Ratio is negative, further highlighting financial instability. Continued losses have eroded equity significantly over recent years.

Cash Flow

Cash flow metrics are weak, with zero Free Cash Flow in recent years and no significant growth in Operating Cash Flow. The lack of positive cash flow growth and the inability to generate free cash flow pose significant challenges for sustaining operations and funding potential growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	941.38M	1.11B	298.94M	266.69M	156.58M	35.96M
Gross Profit	85.14M	135.57M	79.30M	11.13M	6.99M	13.37M
EBITDA	9.34M	45.74M	4.65M	13.71M	-48.73M	-51.72M
Net Income	-15.48M	8.88M	-31.89M	-15.23M	-66.18M	-60.30M
Balance Sheet
Total Assets	745.04M	741.00M	526.15M	531.73M	368.39M	353.79M
Cash, Cash Equivalents and Short-Term Investments	36.22M	106.79M	49.69M	48.35M	56.37M	60.62M
Total Debt	46.85M	46.96M	47.14M	47.66M	65.94M	53.15M
Total Liabilities	790.95M	758.94M	557.33M	532.57M	337.63M	255.69M
Stockholders Equity	-63.68M	-38.99M	-50.62M	-16.97M	11.79M	75.15M
Cash Flow
Free Cash Flow	-32.71M	59.66M	4.66M	-2.74M	707.00K	6.10M
Operating Cash Flow	-2.60M	127.06M	13.18M	34.68M	9.45M	45.24M
Investing Cash Flow	-30.28M	-66.20M	-8.06M	-37.25M	-8.37M	-38.90M
Financing Cash Flow	-2.38M	-186.00K	-814.00K	-931.00K	-1.29M	-1.28M

Kaisun Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8203, the sentiment is Positive. The current price of 0.33 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.29, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.53 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8203.

Kaisun Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1229	71 Outperform	HK$199.00M	2.74	35.12%	―	181.77%	85.52%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0276	48 Neutral	HK$127.93M	0.07	―	―	-9.83%	-182.04%
8203	45 Neutral	HK$188.04M	17.31	―	―	47.32%	2.60%
0065	42 Neutral	HK$95.76M	―	-31.67%	―	-20.97%	-213.53%
1738	41 Neutral	HK$149.10M	―	―	―	-42.18%	-3.23%