EDICO Holdings Limited (8450) AI Stock Analysis

• Market Cap: HK$91.00M
• Dividend Yield: N/A
• Average Volume (3M): 198.67K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.42
• Revenue Growth: -30.12%
• EPS Growth: -208.11%
• Country: HK
• Employees: 58
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): >-0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 147,000
• 30 Day Avg. Volume: 198,666
• PEG Ratio: -0.18
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 3.09
• P/FCF Ratio: -7.42
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: HK$0.09 ▼(-3.33% Downside)

The score is primarily constrained by weak financial performance—worsening profitability and a swing to negative operating/free cash flow—alongside a bearish technical setup with price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects ongoing losses and dividend yield data is unavailable.

Positive Factors

Diversified Revenue Streams

Diversified revenue streams from technology and consumer goods reduce dependency on a single market, enhancing resilience against sector-specific downturns.

Strategic Partnerships

Strategic partnerships can lead to joint ventures and co-marketing agreements, fostering innovation and expanding market presence, which supports long-term growth.

Moderate Leverage

Moderate leverage provides some balance sheet flexibility, allowing the company to potentially invest in growth opportunities without excessive financial strain.

Negative Factors

Worsening Profitability

Declining profitability and margin compression indicate challenges in cost control and pricing power, potentially affecting long-term financial health.

Negative Cash Flow

Negative cash flow suggests the company is not self-sustaining from operations, increasing reliance on external funding and raising execution risk.

Rising Debt Levels

Increasing debt levels can strain financial resources and limit flexibility, posing a risk if profitability does not improve to support debt servicing.

EDICO Holdings Limited Business Overview & Revenue Model

Company Description

EDICO Holdings Limited, an investment holding company, provides integrated pre and post printing services to financial and capital markets primarily in Hong Kong. Its integrated services include typesetting and proofreading, translation, design, printing and binding, distribution, and media placement. The company handles a range of documents, including listing-related documents, periodical reporting documents, compliance documents, and other miscellaneous and marketing collaterals. It serves listing applicants and listed companies. The company was founded in 2009 and is headquartered in Central, Hong Kong. EDICO Holdings Limited is a subsidiary of Achiever Choice Limited.

How the Company Makes Money

EDICO Holdings Limited generates revenue through multiple streams including the sale of technology products and services, as well as consumer goods. The company leverages its expertise in technology to create proprietary software and hardware solutions that are marketed to various industries. Additionally, EDICO engages in strategic partnerships with other companies to expand its market reach and enhance its product offerings. These collaborations often lead to joint ventures or co-marketing agreements that contribute to revenue growth. The firm also explores investment opportunities in emerging markets and sectors, allowing it to diversify its income sources and reduce risks associated with market fluctuations.

EDICO Holdings Limited Financial Statement Overview

Summary

Overall fundamentals are weak: the company is deeply loss-making with worsening net margin (~-30.5% in 2025 vs ~-18.2% in 2024) and meaningful gross margin compression (37.8% in 2025 vs ~48–51% in 2021–2024). Cash flow also deteriorated sharply with operating cash flow turning negative (~-14.0M) and free cash flow negative (~-15.6M). The balance sheet is only a partial offset: leverage is still moderate (~0.37x debt-to-equity) but has risen sharply versus 2024 (~0.05x) while ROE remains strongly negative (~-29.6%).

Income Statement

Profitability has deteriorated materially since 2020. While revenue in 2025 (annual) grew 11.2% year-over-year, the company remains deeply loss-making, with negative operating profit and negative net margin (about -30.5% in 2025 versus about -18.2% in 2024). Gross margin has also compressed meaningfully (about 37.8% in 2025 vs ~48–51% in 2021–2024), suggesting weaker pricing, mix, or cost control. A key positive is that revenue has stabilized versus the prior-year declines (2021–2022), but the earnings profile is currently the primary weakness.

Balance Sheet

Leverage is still moderate on paper, with debt at roughly 0.37x equity in 2025, leaving the company some balance-sheet flexibility. However, debt has increased sharply versus 2024 (debt-to-equity ~0.05x), and returns on equity remain firmly negative (about -29.6% in 2025), reflecting sustained losses and pressure on the capital base. Assets are broadly stable, but the rising leverage alongside weaker profitability increases financial risk if losses persist.

Cash Flow

Cash generation weakened significantly in 2025, with operating cash flow turning negative (about -14.0M) and free cash flow also negative (about -15.6M), reversing the positive cash generation seen in 2024 and 2022. The business is not currently funding itself from operations, which raises execution and funding risk if this continues. While free cash flow moved in the same direction as earnings (loss-making), the key concern is the swing from cash inflows to sizable outflows year-over-year.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	37.51M	37.51M	40.07M	46.50M	45.40M	57.53M
Gross Profit	14.41M	14.17M	19.25M	22.55M	22.69M	29.59M
EBITDA	-9.19M	-6.67M	2.94M	2.54M	6.39M	11.67M
Net Income	-11.44M	-11.44M	-7.30M	-7.68M	-2.78M	-1.73M
Balance Sheet
Total Assets	76.22M	76.22M	71.53M	90.05M	105.78M	91.41M
Cash, Cash Equivalents and Short-Term Investments	30.92M	30.92M	60.20M	60.56M	68.48M	65.91M
Total Debt	14.29M	14.29M	2.74M	11.71M	19.62M	5.02M
Total Liabilities	38.08M	38.08M	21.37M	32.60M	40.64M	23.49M
Stockholders Equity	38.72M	38.72M	50.16M	57.46M	65.14M	67.92M
Cash Flow
Free Cash Flow	-16.74M	-15.63M	6.28M	182.00K	11.20M	8.98M
Operating Cash Flow	-15.14M	-14.03M	6.28M	356.00K	11.20M	9.44M
Investing Cash Flow	38.48M	22.72M	20.06M	-3.21M	-44.53M	-274.00K
Financing Cash Flow	-8.53M	-6.81M	-9.34M	-9.39M	-8.77M	-12.91M

EDICO Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8450, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.91 is Neutral, neither overbought nor oversold. The STOCH value of 56.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8450.

EDICO Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1631	68 Neutral	HK$143.36M	29.63	5.97%	―	-13.63%	-30.26%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1841	53 Neutral	HK$90.80M	-21.83	-3.56%	―	-14.40%	-180.62%
8416	50 Neutral	HK$34.98M	-6.15	-6.35%	―	-16.78%	-233.66%
8385	46 Neutral	HK$19.00M	-0.45	―	―	-92.47%	14.17%
8450	42 Neutral	HK$91.00M	-7.98	-23.68%	―	-30.12%	-208.11%
8448	41 Neutral	HK$41.42M	45.60	8.43%	―	-6.56%	―