Noble Engineering Group Holdings Limited (8445) AI Stock Analysis

• Market Cap: HK$44.22M
• Dividend Yield: N/A
• Average Volume (3M): 3.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: 1.52%
• EPS Growth: 21.51%
• Country: HK
• Employees: 51
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.02
• Shares Outstanding: 276,380,000
• 10 Day Avg. Volume: 2,000
• 30 Day Avg. Volume: 3,466
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: 40 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenues, negative profitability, and cash flow challenges. Technical analysis indicates weak market momentum, while valuation metrics highlight the lack of earnings and dividends, further weighing down the stock's attractiveness.

Positive Factors

Low Leverage

Low leverage indicates financial stability and reduced risk of insolvency, providing the company with flexibility to navigate economic fluctuations.

Sustainable Engineering Focus

Emphasizing sustainable practices can enhance competitive positioning and attract environmentally conscious clients, supporting long-term revenue growth.

Strategic Partnerships

Strategic partnerships can expand project opportunities and market presence, driving revenue and enhancing competitive advantage over time.

Negative Factors

Declining Revenue

Declining revenue suggests challenges in market demand or competitive positioning, potentially impacting long-term growth and profitability.

Negative Profitability

Negative profitability indicates operational inefficiencies and challenges in cost management, which can hinder sustainable growth and investor confidence.

Cash Flow Challenges

Negative cash flow limits the company's ability to invest in growth opportunities and meet financial obligations, posing risks to long-term viability.

Noble Engineering Group Holdings Limited Business Overview & Revenue Model

Company Description

Noble Engineering Group Holdings Limited, an investment holding company, principally provides wet trade work services in Hong Kong. The company undertakes tile and brick laying, plastering, floor screeding, and marble works. It also offers wet trade services for various building construction projects, including residential, community facility, public housing, and commercial development projects in the private and public sectors. The company was formerly known as Noble Engineering Holdings Limited and changed its name to Noble Engineering Group Holdings Limited in August 2017. The company was founded in 1981 and is headquartered in Cheung Sha Wan, Hong Kong. Noble Engineering Group Holdings Limited is a subsidiary of Land Noble Holdings Limited.

How the Company Makes Money

Noble Engineering Group Holdings Limited generates revenue primarily through its engineering and construction projects, which include contracts for public infrastructure, private development projects, and consultancy services. The company operates on a project-based revenue model, where it earns fees from completed projects, ongoing contracts, and maintenance services. Key revenue streams include construction contracts, engineering consultancy fees, and project management services. The company may also benefit from strategic partnerships with government agencies and private sector firms, which can enhance its project opportunities and market presence, contributing to its overall earnings. Additionally, the company focuses on sustainable engineering solutions, which may attract clients looking for environmentally responsible practices, further driving revenue growth.

Noble Engineering Group Holdings Limited Financial Statement Overview

Summary

Noble Engineering Group Holdings Limited faces significant financial challenges, with declining revenues, negative profitability margins, and cash flow difficulties. While the company maintains low leverage, its inability to generate positive returns and cash flow raises concerns about its financial health and sustainability in the competitive engineering and construction industry.

Income Statement

The company has experienced declining revenue over the past few years, with a negative revenue growth rate of -11.92% in the most recent year. Profitability metrics such as gross profit margin (0.77%) and net profit margin (-2.91%) are weak, indicating challenges in maintaining cost efficiency and achieving profitability. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.0019, suggesting minimal leverage and financial risk. However, the return on equity is negative (-12.21%), indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is relatively stable, but overall financial performance is hindered by persistent losses.

Cash Flow

The company has negative operating cash flow and free cash flow, with a significant decline in free cash flow growth (-30.84%). The operating cash flow to net income ratio is negative, indicating cash flow challenges. While the free cash flow to net income ratio is 1.0, this is due to both metrics being negative, highlighting cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	369.68M	325.63M	320.75M	237.21M	275.63M	326.66M
Gross Profit	1.37M	2.50M	1.64M	1.53M	-23.89M	3.69M
EBITDA	-11.13M	-8.81M	-10.97M	-10.45M	-33.97M	-5.60M
Net Income	-11.15M	-9.47M	-11.79M	-11.61M	-36.42M	-8.52M
Balance Sheet
Total Assets	107.08M	93.84M	113.68M	117.09M	110.32M	129.28M
Cash, Cash Equivalents and Short-Term Investments	22.16M	12.96M	35.06M	47.30M	44.52M	42.77M
Total Debt	362.00K	151.00K	353.00K	334.00K	138.00K	271.00K
Total Liabilities	23.49M	16.24M	26.54M	26.18M	18.06M	14.38M
Stockholders Equity	83.59M	77.60M	87.14M	90.91M	92.26M	114.89M
Cash Flow
Free Cash Flow	-23.62M	-16.34M	-20.12M	-7.41M	-11.90M	6.52M
Operating Cash Flow	-23.45M	-16.34M	-18.98M	-7.07M	-11.90M	6.95M
Investing Cash Flow	-4.00K	123.00K	-975.00K	-280.00K	7.00K	-378.00K
Financing Cash Flow	-491.00K	-488.00K	7.60M	10.07M	13.64M	4.53M

Noble Engineering Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8445, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.75 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8445.

Noble Engineering Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.84B	15.52	7.44%	2.00%	2.86%	-14.57%
8619	60 Neutral	HK$44.09M	6.46	41.20%	―	3.26%	1648.15%
3728	57 Neutral	HK$51.66M	5.48	7.15%	―	42.91%	-12.26%
8423	56 Neutral	HK$43.20M	2.76	-8.14%	―	40.98%	-222.22%
8445	40 Neutral	HK$44.22M	―	-11.50%	―	1.52%	21.51%
3321	―	HK$34.52M	―		―	―	―
8616	49 Neutral	HK$44.00M	―	-7.37%	―	-2.10%	-1562.50%