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Noble Engineering Group Holdings Limited (HK:8445)
:8445
Hong Kong Market
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Noble Engineering Group Holdings Limited (8445) AI Stock Analysis

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HK:8445

Noble Engineering Group Holdings Limited

(8445)

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Neutral 43 (OpenAI - 4o)
Rating:43Neutral
Price Target:
HK$0.00
▼(-100.00% Downside)
The overall stock score for Noble Engineering Group Holdings Limited is primarily impacted by its weak financial performance, characterized by declining revenues, negative profitability, and cash flow challenges. Technical analysis provides mixed signals, with bearish momentum and neutral RSI. Valuation metrics are unattractive due to a negative P/E ratio and lack of dividends. These factors collectively result in a low overall score, reflecting significant risks and challenges faced by the company.

Noble Engineering Group Holdings Limited (8445) vs. iShares MSCI Hong Kong ETF (EWH)

Noble Engineering Group Holdings Limited Business Overview & Revenue Model

Company DescriptionNoble 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 MoneyNoble 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
35
Negative
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
45
Neutral
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
30
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue386.66M325.63M320.75M237.21M275.63M326.66M
Gross Profit3.32M2.50M1.64M1.53M-23.89M3.69M
EBITDA-11.59M-8.81M-10.97M-10.45M-33.97M-5.60M
Net Income-12.44M-9.47M-11.79M-11.61M-36.42M-8.52M
Balance Sheet
Total Assets93.84M93.84M113.68M117.09M110.32M129.28M
Cash, Cash Equivalents and Short-Term Investments12.96M12.96M35.06M47.30M44.52M42.77M
Total Debt151.00K151.00K353.00K334.00K138.00K271.00K
Total Liabilities16.24M16.24M26.54M26.18M18.06M14.38M
Stockholders Equity77.60M77.60M87.14M90.91M92.26M114.89M
Cash Flow
Free Cash Flow-16.34M-16.34M-20.12M-7.41M-11.90M6.52M
Operating Cash Flow-16.34M-16.34M-18.98M-7.07M-11.90M6.95M
Investing Cash Flow123.00K123.00K-975.00K-280.00K7.00K-378.00K
Financing Cash Flow-488.00K-488.00K7.60M10.07M13.64M4.53M

Noble Engineering Group Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.16
Price Trends
50DMA
0.17
Negative
100DMA
0.15
Positive
200DMA
0.18
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
52.21
Neutral
STOCH
59.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8445, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.21 is Neutral, neither overbought nor oversold. The STOCH value of 59.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8445.

Noble Engineering Group Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
HK$67.87M7.536.89%42.91%-12.26%
51
Neutral
HK$36.14M0.5832.69%3.26%1621.53%
51
Neutral
HK$40.00M-3.25-8.48%40.98%-222.22%
49
Neutral
HK$47.00M-3.53-7.65%-2.10%-1562.50%
43
Neutral
HK$42.84M-11.50%1.52%21.51%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8445
Noble Engineering Group Holdings Limited
0.16
-0.04
-20.00%
HK:3321
Wai Hung Group Holdings Ltd.
0.06
0.02
50.00%
HK:3728
Ching Lee Holdings Ltd.
0.07
0.02
40.00%
HK:8423
Chi Ho Development Holdings Ltd
0.05
0.00
0.00%
HK:8616
Sunray Engineering Group Limited
0.05
0.01
25.00%
HK:8619
WAC Holdings Ltd.
0.28
-0.55
-66.27%
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.Date of analysis: Oct 01, 2025