Classified Group (Holdings) Limited (HK:8232)
:8232
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Classified Group (Holdings) Limited
(8232)
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Rating:42Neutral
Price Target:
HK$1.50
▼(-54.55% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by persistent losses and a sharply weakened, highly leveraged balance sheet with minimal equity, which elevates financial risk. Positive 2025 operating and free cash flow and improving revenue/margins provide some support, but technicals remain bearish with the stock below key moving averages and negative MACD.
Positive Factors
Revenue rebound
A 19.3% revenue rebound alongside a material gross margin improvement to ~15.2% signals recovery in demand, pricing or mix and initial cost control. This strengthens the company's ability to scale incremental revenue into improved operating performance over the medium term if trends persist.
Negative Factors
Extremely high leverage
An extremely high debt-to-equity ratio with minimal equity increases refinancing and default risk and limits strategic flexibility. High leverage magnifies earnings volatility, raises interest burden, and makes equity dilution or debt restructuring likely if operating improvements stall.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A 19.3% revenue rebound alongside a material gross margin improvement to ~15.2% signals recovery in demand, pricing or mix and initial cost control. This strengthens the company's ability to scale incremental revenue into improved operating performance over the medium term if trends persist.
Read all positive factors
Classified Group (Holdings) Limited (8232) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$81.95M
Dividend YieldN/A
Average Volume (3M)26.04K
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth-2.95%
EPS Growth56.44%
CountryHK
Employees54
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)N/A
Shares Outstanding55,750,000
10 Day Avg. Volume24,130
30 Day Avg. Volume26,035
Financial Highlights & Ratios
PEG Ratio-2.45
Price to Book (P/B)172.27
Price to Sales (P/S)3.27
P/FCF Ratio22.58
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
Classified Group (Holdings) Limited Business Overview & Revenue Model
Company Description
THAC Group (Holdings) Limited, an investment holding company, owns and operates casual dining restaurants in Hong Kong. The company operates seven restaurants, including five restaurants under the Classified brand and two restaurants under the Ris...
How the Company Makes Money
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Classified Group (Holdings) Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
18
Very Negative
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.25M | 43.25M | 36.25M | 36.36M | 37.47M | 59.90M |
| Gross Profit | 2.56M | 6.58M | 2.55M | 8.87M | 2.66M | 10.42M |
| EBITDA | 1.11M | -3.78M | 107.00K | -13.03M | -15.42M | -8.23M |
| Net Income | -8.30M | -8.69M | -8.31M | -15.35M | -20.39M | -16.55M |
Balance Sheet | ||||||
| Total Assets | 26.24M | 50.25M | 27.34M | 35.93M | 38.93M | 77.69M |
| Cash, Cash Equivalents and Short-Term Investments | 249.00K | 3.80M | 815.00K | 6.18M | 1.74M | 17.27M |
| Total Debt | 9.44M | 31.74M | 9.12M | 5.42M | 5.84M | 24.33M |
| Total Liabilities | 19.71M | 49.42M | 17.83M | 18.11M | 18.57M | 36.94M |
| Stockholders Equity | 6.53M | 822.00K | 9.51M | 17.82M | 20.36M | 40.75M |
Cash Flow | ||||||
| Free Cash Flow | -2.17M | 6.27M | -2.16M | -5.39M | 1.94M | -5.66M |
| Operating Cash Flow | -2.17M | 13.19M | -2.16M | -4.59M | 2.01M | -3.34M |
| Investing Cash Flow | 633.00K | -6.12M | 13.00K | -797.00K | -258.00K | -2.10M |
| Financing Cash Flow | 1.52M | -4.08M | -3.22M | 9.84M | -17.29M | -2.89M |
Classified Group (Holdings) Limited Technical Analysis
Negative
3.30
Price Trends
1.69
Negative
1.97
Negative
2.41
Negative
Market Momentum
-0.06
Negative
33.04
Neutral
38.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8232, the sentiment is Negative. The current price of 3.3 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.69, and above the 200-day MA of 2.41, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 33.04 is Neutral, neither overbought nor oversold. The STOCH value of 38.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8232.
Classified Group (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$73.00M | 2.72 | -4.32% | ― | 6.55% | 98.02% | |
49 Neutral | HK$33.41M | 1.09 | -149.14% | ― | 1.39% | -206.25% | |
45 Neutral | HK$111.36M | -12.44 | 3.62% | ― | -2.67% | 22.22% | |
44 Neutral | HK$63.70M | -0.57 | -54.64% | 4.48% | -13.13% | -873.33% | |
42 Neutral | HK$81.95M | -16.30 | -96.48% | ― | -2.95% | 56.44% | |
42 Neutral | HK$39.14M | 15.07 | 1061.41% | ― | -5.22% | -7.65% |
* Consumer Cyclical Sector Average
HK:8232
Classified Group (Holdings) Limited
1.47
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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.