Noble Engineering Group Holdings Limited (HK:8445)
:8445
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Noble Engineering Group Holdings Limited
(8445)
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Rating:42Neutral
Price Target:
HK$0.14
▼(-4.00% Downside)
Action:UpgradedDate:03/24/26
The score is driven primarily by weak financial performance—ongoing losses, extremely thin gross margin, and sustained negative operating/free cash flow—partially mitigated by very low leverage and sizable equity. Technical indicators add modest downside/weakness signals, and valuation remains unattractive given negative earnings and no dividend support.
Positive Factors
Balance sheet strength
Very low debt and ample equity give the company meaningful financial flexibility to fund operations and absorb project setbacks without immediate refinancing. This reduces near-term solvency risk and supports the ability to bridge losses or invest in recovery over the next several quarters.
Negative Factors
Very thin gross margin
Gross margins under 1% leave almost no buffer for overhead, project cost overruns, or pricing pressure in Engineering & Construction. Persistent negative EBIT and net margins mean lasting profitability requires meaningful structural margin improvement, which is a significant multi-quarter challenge.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low debt and ample equity give the company meaningful financial flexibility to fund operations and absorb project setbacks without immediate refinancing. This reduces near-term solvency risk and supports the ability to bridge losses or invest in recovery over the next several quarters.
Read all positive factors
Noble Engineering Group Holdings Limited (8445) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$41.46M
Dividend YieldN/A
Average Volume (3M)23.00K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth-41.79%
EPS Growth19.85%
CountryHK
Employees51
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.01
Shares Outstanding276,380,000
10 Day Avg. Volume0
30 Day Avg. Volume23,000
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.62
Price to Sales (P/S)0.15
P/FCF Ratio-2.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 tra...
Noble Engineering Group Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
68
Positive
Cash Flow
18
Very Negative
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 325.63M | 320.75M | 237.21M | 275.63M | 326.66M |
| Gross Profit | 2.50M | 1.64M | 1.53M | -23.89M | 3.69M |
| EBITDA | -8.81M | -10.97M | -10.45M | -33.97M | -5.60M |
| Net Income | -9.47M | -11.79M | -11.61M | -36.42M | -8.52M |
Balance Sheet | |||||
| Total Assets | 93.84M | 113.68M | 117.09M | 110.32M | 129.28M |
| Cash, Cash Equivalents and Short-Term Investments | 12.96M | 35.06M | 47.30M | 44.52M | 42.77M |
| Total Debt | 151.00K | 353.00K | 334.00K | 138.00K | 271.00K |
| Total Liabilities | 16.24M | 26.54M | 26.18M | 18.06M | 14.38M |
| Stockholders Equity | 77.60M | 87.14M | 90.91M | 92.26M | 114.89M |
Cash Flow | |||||
| Free Cash Flow | -16.34M | -20.12M | -7.41M | -11.90M | 6.52M |
| Operating Cash Flow | -16.34M | -18.98M | -7.07M | -11.90M | 6.95M |
| Investing Cash Flow | 123.00K | -975.00K | -280.00K | 7.00K | -378.00K |
| Financing Cash Flow | -488.00K | 7.60M | 10.07M | 13.64M | 4.53M |
Noble Engineering Group Holdings Limited Technical Analysis
Negative
0.15
Price Trends
0.15
Negative
0.15
Negative
0.15
Negative
Market Momentum
>-0.01
Negative
18.06
Positive
66.67
Neutral
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 0.15 is above the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 18.06 is Positive, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$27.46M | 0.69 | 35.22% | ― | -15.18% | 94.48% | |
56 Neutral | HK$36.00M | -0.50 | -32.77% | ― | -1.68% | -417.79% | |
56 Neutral | HK$62.00M | 7.17 | -8.98% | ― | 8.51% | -217.24% | |
55 Neutral | HK$62.81M | 6.49 | 6.32% | ― | 46.37% | -22.94% | |
42 Neutral | HK$41.46M | -3.57 | -17.44% | ― | -41.79% | 19.85% |
* Industrials Sector Average
HK:8445
Noble Engineering Group Holdings Limited
0.15
-0.05
-25.00%
HK:3321
Wai Hung Group Holdings Ltd.
0.05
>-0.01
-14.81%
HK:3728
Ching Lee Holdings Ltd.
0.06
0.02
51.22%
HK:8423
Chi Ho Development Holdings Ltd
0.05
>-0.01
-6.25%
HK:8616
Sunray Engineering Group Limited
0.06
0.03
106.67%
HK:8619
WAC Holdings Ltd.
0.19
-0.28
-59.49%
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.