Dowway Holdings Limited (HK:8403)
:8403
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Dowway Holdings Limited
(8403)
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Rating:47Neutral
Price Target:
HK$2.50
▲(67.79% Upside)
Action:ReiteratedDate:01/16/26
The score is held down primarily by weak financial performance (declining revenue, sustained losses, high leverage, and negative operating/free cash flow). Technicals are a key offset, with strong trend and positive MACD, though momentum is stretched (high RSI/Stoch). Valuation is constrained by a negative P/E and no stated dividend yield.
Positive Factors
Diversified business model
Operating across construction, project management and property development creates multiple durable revenue channels. This vertical exposure lets Dowway capture value across project lifecycles, smooth revenue volatility, and leverage construction expertise to improve margins over time.
Negative Factors
Declining revenue and negative margins
Sustained revenue contraction and deeply negative operating and net margins erode internal funding for growth and capex. Over months this weak profitability constrains reinvestment, reduces competitive flexibility and makes achieving durable recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Operating across construction, project management and property development creates multiple durable revenue channels. This vertical exposure lets Dowway capture value across project lifecycles, smooth revenue volatility, and leverage construction expertise to improve margins over time.
Read all positive factors
Dowway Holdings Limited (8403) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$463.54M
Dividend YieldN/A
Average Volume (3M)117.57K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees70
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.04
Shares Outstanding154,000,000
10 Day Avg. Volume75,900
30 Day Avg. Volume117,566
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)23.75
Price to Sales (P/S)0.72
P/FCF Ratio-4.85
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
Dowway Holdings Limited Business Overview & Revenue Model
Company Description
Dowway Holdings Limited (8403) is a diversified investment holding company based in Hong Kong, primarily engaged in the construction and property development sectors. The company focuses on providing a range of services including project managemen...
How the Company Makes Money
Dowway Holdings Limited generates revenue primarily through its construction contracts and property development projects. The company earns money by undertaking construction projects for third-party clients, which typically involve bidding process...
Dowway Holdings Limited Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
40
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.61M | 140.16M | 117.45M | 177.13M | 170.02M | 144.17M |
| Gross Profit | 14.44M | 16.43M | 5.86M | 5.38M | 14.31M | 624.00K |
| EBITDA | -29.16M | -10.57M | -15.68M | -34.74M | -3.13M | -12.84M |
| Net Income | -22.31M | -5.75M | -16.92M | -36.45M | -7.65M | -17.83M |
Balance Sheet | ||||||
| Total Assets | 125.78M | 131.12M | 108.93M | 137.07M | 148.86M | 125.73M |
| Cash, Cash Equivalents and Short-Term Investments | 15.73M | 25.28M | 12.44M | 4.25M | 6.61M | 15.31M |
| Total Debt | 34.84M | 29.89M | 20.50M | 16.50M | 18.30M | 10.70M |
| Total Liabilities | 113.84M | 127.43M | 105.35M | 114.95M | 98.90M | 69.32M |
| Stockholders Equity | 13.27M | 4.27M | 3.58M | 20.49M | 49.96M | 56.42M |
Cash Flow | ||||||
| Free Cash Flow | -19.87M | -20.87M | 2.10M | -8.40M | -5.52M | -12.32M |
| Operating Cash Flow | -19.82M | -20.85M | 2.11M | -8.39M | -5.26M | -12.32M |
| Investing Cash Flow | -1.80M | 1.00K | 2.00K | 3.00K | -245.00K | 46.00K |
| Financing Cash Flow | 25.87M | 14.63M | 5.86M | 6.45M | -3.40M | 2.34M |
Dowway Holdings Limited Technical Analysis
Neutral
1.49
Price Trends
2.89
Positive
2.24
Positive
1.87
Positive
Market Momentum
0.08
Positive
48.25
Neutral
10.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8403, the sentiment is Neutral. The current price of 1.49 is below the 20-day moving average (MA) of 3.15, below the 50-day MA of 2.89, and below the 200-day MA of 1.87, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 48.25 is Neutral, neither overbought nor oversold. The STOCH value of 10.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8403.
Dowway Holdings Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | HK$311.74M | -20.52 | -0.67% | ― | 2.85% | -118.89% | |
47 Neutral | HK$463.54M | -11.67 | -254.44% | ― | ― | ― | |
47 Neutral | HK$850.83M | -104.06 | -5.88% | ― | -4.13% | 76.38% | |
45 Neutral | HK$155.06M | -1.59 | -3.59% | ― | -5.89% | -330.91% | |
44 Neutral | HK$116.42M | -1.21 | 2.74% | ― | -1.65% | 92.30% | |
44 Neutral | HK$233.61M | -3.15 | -64.17% | ― | -0.57% | -159.63% |
* Communication Services Sector Average
HK:8403
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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.