Kaisun Holdings Limited (8203) AI Stock Analysis

• Market Cap: HK$162.39M
• Dividend Yield: N/A
• Average Volume (3M): 22.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: HK$0.27 ▼(-5.86% Downside)

The overall stock score is heavily influenced by significant financial challenges, including negative equity and weak cash flow. Technical indicators suggest bearish momentum, and the valuation is unattractive with a negative P/E ratio. These factors combined result in a low overall score, indicating high risk and limited investment appeal.

Positive Factors

Revenue Growth

Kaisun Holdings has shown strong revenue growth, indicating successful expansion in its core sectors and potential for future market capture.

Business Model Diversification

Diversification across multiple sectors like natural resources and logistics provides resilience against sector-specific downturns.

Improved EBIT and EBITDA Margins

Improvement in EBIT and EBITDA margins suggests better operational efficiency and cost management, enhancing long-term profitability.

Negative Factors

Negative Equity

Negative equity indicates financial instability, with liabilities exceeding assets, posing risks to long-term viability and growth.

Weak Cash Flow

Weak cash flow limits the company's ability to invest in growth opportunities and sustain operations, impacting future financial health.

Profitability Challenges

Ongoing profitability issues with low margins suggest difficulty in converting revenue into profit, affecting long-term sustainability.

Kaisun Holdings Limited Business Overview & Revenue Model

Company Description

Kaisun Holdings Limited (8203) is a diversified investment holding company based in Hong Kong. The company primarily operates in sectors such as natural resources, logistics, and financial services. Kaisun engages in the exploration, mining, and trading of minerals and resources, alongside providing logistics solutions to facilitate the transportation of goods. Additionally, the company may involve itself in investment projects that capitalize on emerging market opportunities, thereby enhancing its portfolio and value proposition.

How the Company Makes Money

Kaisun Holdings Limited generates revenue through several key streams. Primarily, the company earns income from its mining operations, which include the extraction and sale of minerals and resources. This segment is bolstered by effective management of resource exploration and production activities. Additionally, Kaisun derives revenue from its logistics services, where it provides transportation and supply chain management solutions to clients, thereby streamlining their operations. The company's financial services division may also contribute to its earnings through investments and partnerships that leverage market trends and opportunities. Collaborations with other firms in the resource and logistics sectors further enhance Kaisun's revenue potential, allowing it to capitalize on synergies and expand its market reach.

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: Negative
• Last Price: 0.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8203, the sentiment is Negative. The current price of 0.29 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.30, and above the 200-day MA of 0.28, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.59 is Neutral, neither overbought nor oversold. The STOCH value of 90.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	68 Neutral	HK$199.00M	2.74	9.86%	―	42.60%	-67.94%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0276	46 Neutral	$142.98M	―	―	―	-38.71%	-193.94%
0065	45 Neutral	HK$122.77M	-2.00	-31.67%	―	-20.97%	-213.53%
1738	41 Neutral	$249.88M	-0.36	―	―	-42.18%	-3.23%
8203	39 Underperform	HK$162.39M	-10.88	―	―	47.32%	2.60%