Noble Engineering Group Holdings Limited (8445) AI Stock Analysis

• Market Cap: HK$35.38M
• Dividend Yield: N/A
• Average Volume (3M): 48.00K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.09
• Revenue Growth: 30.11%
• EPS Growth: 12.01%
• Country: HK
• Employees: 51
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): -0.02
• Shares Outstanding: 276,380,000
• 10 Day Avg. Volume: 26,000
• 30 Day Avg. Volume: 48,000
• PEG Ratio: 0.32
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -36.79
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

Noble Engineering Group Holdings Limited is facing significant challenges, primarily due to poor profitability, negative cash flows, and technical indicators signaling continued downward momentum. While the company has strong revenue growth and a stable balance sheet, these positives are outweighed by the negative P/E ratio and lack of dividends, making the stock a risky investment at present.

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 services. The company earns money by securing contracts for design, fitting-out, and renovation projects, where it provides comprehensive project management and execution services. Revenue is typically derived from fixed-price contracts, where clients are billed based on the completion of project milestones. The company may also engage in partnerships or collaborations with property developers or other engineering firms, contributing to its earnings through joint ventures or subcontracting opportunities.

Noble Engineering Group Holdings Limited Financial Statement Overview

Summary

Noble Engineering Group Holdings Limited displays strong revenue growth but faces significant profitability and cash flow challenges. The balance sheet remains a relative strength due to low leverage, but the company must address its operational inefficiencies and cash flow issues to sustain its growth and financial health.

Income Statement

The company shows a consistent increase in revenue over the years, with a revenue growth rate of 35.25% from 2023 to 2024. However, profitability metrics are concerning, with negative EBIT and EBITDA margins, and a net profit margin of -3.68% in 2024. This indicates operational challenges and a struggle to convert revenues into profits effectively.

Balance Sheet

The balance sheet reveals a stable equity position with an equity ratio of 76.67% in 2024, suggesting solid asset financing through equity rather than debt. The debt-to-equity ratio remains low at 0.004, indicating minimal leverage. However, consistent net losses are eroding the equity base over time, which could pose risks if not addressed.

Cash Flow

The cash flow statement highlights significant challenges with negative free cash flow over the years, reaching -20.12 million in 2024. The operating cash flow to net income ratio is negative, indicating poor cash conversion from operations. This persistent negative free cash flow trend could stress liquidity if external funding isn't secured.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	369.68M	320.75M	237.21M	275.63M	326.66M	223.13M
Gross Profit	1.37M	1.64M	1.53M	-23.89M	3.69M	1.48M
EBITDA	-11.13M	-10.97M	-10.45M	-33.97M	-5.60M	-7.26M
Net Income	-11.15M	-11.79M	-11.61M	-36.42M	-8.52M	-8.37M
Balance Sheet
Total Assets	107.08M	113.68M	117.09M	110.32M	129.28M	140.36M
Cash, Cash Equivalents and Short-Term Investments	22.16M	35.06M	47.30M	44.52M	42.77M	31.64M
Total Debt	362.00K	353.00K	334.00K	138.00K	271.00K	132.00K
Total Liabilities	23.49M	26.54M	26.18M	18.06M	14.38M	21.66M
Stockholders Equity	83.59M	87.14M	90.91M	92.26M	114.89M	118.70M
Cash Flow
Free Cash Flow	-23.62M	-20.12M	-7.41M	-11.90M	6.52M	-22.38M
Operating Cash Flow	-23.45M	-18.98M	-7.07M	-11.90M	6.95M	-21.38M
Investing Cash Flow	-4.00K	-975.00K	-280.00K	7.00K	-378.00K	-702.00K
Financing Cash Flow	-491.00K	7.60M	10.07M	13.64M	4.53M	-217.00K

Noble Engineering Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 0.13 is above the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.11 is Neutral, neither overbought nor oversold. The STOCH value of 9.09 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
8423	72 Outperform	HK$35.20M	2.76	-8.14%	―	44.26%	16.43%
8619	60 Neutral	HK$30.35M	9.81	23.15%	―	17.35%	―
Sector *	58 Neutral	$1.34B	4.24	-2.93%	7.38%	3.67%	-51.13%
3728	56 Neutral	HK$36.47M	3.87	7.15%	―	13.59%	-19.85%
8445	41 Neutral	HK$35.38M	―	-11.50%	―	30.11%	12.01%
3321		HK$36.33M	―		―	―	―
8616	52 Neutral	HK$33.00M	―	-7.37%	―	-23.17%	-200.00%