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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)

Rating:41Neutral
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 (8445) vs. iShares MSCI Hong Kong ETF (EWH)

Noble Engineering Group Holdings Limited Business Overview & Revenue Model

Company DescriptionNoble Engineering Group Holdings Limited (8445) is a Hong Kong-based company primarily engaged in the provision of engineering services. The company specializes in design, fitting-out, and renovation services for both residential and commercial properties. Its core services include project management, interior design, and construction management, catering to a diverse clientele across various sectors.
How the Company Makes MoneyNoble 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
40
Negative
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
60
Neutral
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
30
Negative
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.
BreakdownMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue320.75M237.21M275.63M326.66M223.13M
Gross Profit1.64M1.53M-23.89M3.69M1.48M
EBITDA-10.97M-10.45M-33.97M-5.60M-7.26M
Net Income-11.79M-11.61M-36.42M-8.52M-8.37M
Balance Sheet
Total Assets113.68M117.09M110.32M129.28M140.36M
Cash, Cash Equivalents and Short-Term Investments35.06M47.30M44.52M42.77M31.64M
Total Debt353.00K334.00K138.00K271.00K132.00K
Total Liabilities26.54M26.18M18.06M14.38M21.66M
Stockholders Equity87.14M90.91M92.26M114.89M118.70M
Cash Flow
Free Cash Flow-20.12M-7.41M-11.90M6.52M-22.38M
Operating Cash Flow-18.98M-7.07M-11.90M6.95M-21.38M
Investing Cash Flow-975.00K-280.00K7.00K-378.00K-702.00K
Financing Cash Flow7.60M10.07M13.64M4.53M-217.00K

Noble Engineering Group Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.18
Price Trends
50DMA
0.14
Positive
100DMA
0.16
Positive
200DMA
0.19
Negative
Market Momentum
MACD
0.02
Negative
RSI
59.37
Neutral
STOCH
65.17
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 0.18 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 59.37 is Neutral, neither overbought nor oversold. The STOCH value of 65.17 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 (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
HK$3.82B7.399.70%6.82%2.68%8.41%
58
Neutral
HK$15.00B4.65-2.78%5.84%3.80%-54.55%
48
Neutral
HK$57.14M-72.83%6.83%-63.75%
43
Neutral
HK$180.55M
-37.59%-244.66%
41
Neutral
HK$49.75M-11.50%30.11%12.01%
41
Neutral
HK$44.91M
40
Underperform
HK$235.86M
-15.39%19.69%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8445
Noble Engineering Group Holdings Limited
0.20
0.00
0.00%
HK:1995
CIFI Ever Sunshine Services Group Limited
2.16
0.81
60.00%
HK:1802
Wenye Group Holdings Limited
0.05
0.01
25.00%
HK:1718
Wan Kei Group Holdings Limited
0.24
-0.16
-40.00%
HK:1575
Morris Home Holdings Limited
0.06
-0.03
-33.33%
HK:6158
Zhenro Properties Group Limited
0.06
<0.01
5.56%
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: Apr 22, 2025