Hing Ming Holdings Ltd (8425) AI Stock Analysis

• Market Cap: HK$23.69M
• Dividend Yield: N/A
• Average Volume (3M): 109.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: -1.62%
• EPS Growth: -4280.00%
• Country: HK
• Employees: 36
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): -0.04
• Shares Outstanding: 376,000,000
• 10 Day Avg. Volume: 25,600
• 30 Day Avg. Volume: 109,866
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 1

• Rating: 52 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score of 52 is driven primarily by financial performance, which reflects significant challenges in profitability and leverage. Technical analysis provides some neutral to slightly positive indicators, but the poor valuation due to a negative P/E ratio and lack of dividends is a major concern. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Positive Factors

Business Model Strength

The company's focus on equipment rental provides a stable revenue stream, leveraging ongoing construction and maintenance demand.

Market Position

Specialization in a niche market segment allows Hing Ming Holdings to cater to specific industry needs, enhancing competitive positioning.

Comprehensive Service Offering

Offering comprehensive solutions strengthens client relationships and adds value beyond simple equipment rental, supporting long-term growth.

Negative Factors

Declining Profitability

Decreasing profitability indicates operational inefficiencies or cost pressures, which could hinder future financial performance.

High Debt Levels

Elevated debt levels increase financial risk and may limit the company's ability to invest in growth opportunities.

Negative Free Cash Flow

Challenges in generating free cash flow could constrain the company's ability to fund operations and investments without external financing.

Hing Ming Holdings Ltd Business Overview & Revenue Model

Company Description

Hing Ming Holdings Limited provides rental services for temporary suspended working platforms and other equipment. It rents tower cranes and generators; and trades in equipment and spare parts, including permanent suspended working platforms, motors, and wire ropes. The company also offers project management and construction consulting services. It provides services to construction companies, owners of commercial properties, and trading companies in Hong Kong, Thailand, Macau, Singapore, and internationally. The company was founded in 1997 and is headquartered in Kowloon City, Hong Kong. Hing Ming Holdings Limited operates as a subsidiary of Hing Gut Limited.

How the Company Makes Money

Hing Ming Holdings Ltd generates revenue primarily through the rental of construction equipment, with a significant focus on temporary suspended working platforms. The company offers these platforms on a rental basis to construction companies and contractors, which use them for building, maintenance, and refurbishment projects. In addition to equipment rental, the company provides ancillary services, such as installation, dismantling, and maintenance of the platforms, which contribute to its revenue. The company's earnings are influenced by the demand for construction projects and its ability to maintain a fleet of reliable and up-to-date equipment. Hing Ming Holdings Ltd may also engage in strategic partnerships with construction firms or service providers, which can enhance its market reach and operational efficiency.

Hing Ming Holdings Ltd Financial Statement Overview

Summary

The company faces financial pressures with declining profitability and increased leverage. The income statement and cash flow show negative trends, indicating operational challenges. The balance sheet is stable in terms of equity, but the high debt-to-equity ratio presents financial risks.

Income Statement

The income statement shows declining profitability with a negative net profit margin and EBIT margin in the latest year, indicating operational challenges. Revenue slightly decreased from the previous year, and there is a significant drop in EBIT and EBITDA margins, reflecting increased operational costs or reduced efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, which has increased significantly, indicating potential financial leverage risk. However, the company maintains a relatively stable equity ratio, suggesting that a reasonable portion of its assets is financed by equity. Stockholder's equity decreased, impacting the return on equity negatively.

Cash Flow

The cash flow analysis reveals a negative free cash flow growth rate, indicating challenges in generating sufficient cash after capital expenditures. Despite having a positive operating cash flow, the company struggles with high capital expenditure requirements, which significantly impacts free cash flow.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	106.06M	107.81M	98.23M	75.44M	52.37M
Gross Profit	22.92M	23.92M	25.58M	18.85M	19.52M
EBITDA	153.00K	22.43M	25.82M	15.34M	24.95M
Net Income	-24.70M	-568.00K	2.37M	-3.04M	4.58M
Balance Sheet
Total Assets	183.69M	181.13M	178.66M	178.90M	142.46M
Cash, Cash Equivalents and Short-Term Investments	12.37M	13.29M	14.21M	30.42M	13.80M
Total Debt	52.57M	17.28M	19.50M	30.54M	3.28M
Total Liabilities	91.49M	64.24M	61.20M	57.54M	18.07M
Stockholders Equity	92.19M	116.89M	117.46M	121.35M	124.39M
Cash Flow
Free Cash Flow	-30.75M	12.08M	-6.68M	4.43M	-2.18M
Operating Cash Flow	24.79M	31.65M	30.65M	15.38M	16.19M
Investing Cash Flow	-44.40M	-18.88M	-36.97M	-10.68M	-17.32M
Financing Cash Flow	18.69M	-13.69M	-9.90M	11.92M	-7.56M

Hing Ming Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8425, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.43 is Neutral, neither overbought nor oversold. The STOCH value of -7.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8425.

Hing Ming Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1581	71 Outperform	HK$75.53M	2.13	12.46%	―	25.43%	53.36%
1496	67 Neutral	HK$137.38M	11.28	5.26%	5.34%	-7.95%	17.50%
Sector *	63 Neutral	$10.84B	15.52	7.44%	2.00%	2.86%	-14.57%
8425	52 Neutral	HK$23.69M	―	-23.63%	―	-1.62%	-4280.00%
8612	43 Neutral	HK$9.85M	―	-202.44%	―	1.88%	34.21%