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Icon Culture Global Company Limited (HK:8500)
:8500
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Icon Culture Global Company Limited
(8500)
Select Model
Select Model
Rating:38Underperform
Price Target:
HK$0.13
▼(-15.33% Downside)
The score is driven primarily by very weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow). Technicals add further downside risk given the strong downtrend, with only oversold indicators providing limited near-term relief. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Diversified revenue streams
Multiple sales channels (direct online, retail partners) plus licensing create durable revenue mix that reduces single-channel risk. Over 2-6 months this diversification supports more stable top-line exposure and provides levers to scale distribution and recurring licensing income if product-market fit holds.
Product focus on sustainability & innovation
A strategic emphasis on sustainable, culturally relevant smart-home and eco-friendly products aligns with long-term consumer trends. This can sustain demand, allow differentiated positioning versus commoditized peers, and support margin preservation through product differentiation and brand-driven pricing power.
Maintained positive shareholders' equity
Positive stockholders' equity provides a structural solvency buffer and supports access to capital markets or debt when needed. Even with operating losses, an equity cushion lengthens runway, enabling restructuring or strategic investment without immediate insolvency risk.
Negative Factors
Severe revenue decline
A >50% revenue contraction erodes scale economics and harms competitive positioning. Sustained top-line decline pressures fixed-cost absorption, reduces bargaining power with suppliers/retailers, and makes reinvestment and margin recovery harder without a clear turnaround in demand or product mix.
Persistent losses and negative margins
Deep, persistent negative margins indicate the core business is not covering costs long-term. This undermines self-funded growth, increases reliance on external capital, and signals structural cost or pricing issues that require strategic change to restore sustainable profitability.
Negative operating and free cash flow
Consistent negative operating and free cash flow depletes liquidity and forces financing for operations or capex. Over months this constrains strategic options, raises refinancing risk, and can limit investment in product development or distribution needed to reverse revenue and margin declines.
Icon Culture Global Company Limited (8500) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$58.32M
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)―
Beta (1Y)-0.03
Revenue Growth-55.50%
EPS Growth84.93%
CountryHK
Employees36
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)N/A
Shares Outstanding432,000,000
10 Day Avg. Volume860,000
30 Day Avg. Volume2,480,400
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)5.52
Price to Sales (P/S)8.78
P/FCF Ratio-3.77
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
Icon Culture Global Company Limited Business Overview & Revenue Model
Company DescriptionIcon Culture Global Company Limited, an investment holding company, provides multimedia advertising and marketing solution services in the People's Republic of China. The company operates through three segments: Traditional Offline Media Advertising Services; Online Media Advertising Services; and PR, Marketing Campaigns and Other Services. The company offers media advertising services on television and other broadcasting channels, newspapers, journals, public transports, elevators, and lifts. It also provides media advertising services on various Websites, online social media groups, and apps. In addition, the company offers devising strategies, formulating advertising solutions, and coordinating with media platforms, as well as organizes and executes campaigns. The company serves brand owners, state-owned entities, advertising agencies, and government authorities. Icon Culture Global Company Limited was founded in 2009 and is headquartered in Guangzhou, the People's Republic of China. Icon Culture Global Company Limited is a subsidiary of Shining Icon (BVI) Limited.
How the Company Makes MoneyIcon Culture Global Company Limited generates revenue through multiple streams. Primarily, the company earns money by selling its products directly to consumers through online platforms and retail partnerships. The strategic pricing of its innovative products allows for a healthy margin. Additionally, Icon Culture collaborates with other brands and retailers, creating partnerships that expand its market reach and increase sales volume. Licensing agreements for its proprietary technology and design patents also contribute to its earnings, providing a consistent revenue stream. Furthermore, the company invests in marketing and brand-building initiatives to enhance customer loyalty and drive repeat purchases, which are crucial for long-term profitability.
Icon Culture Global Company Limited Financial Statement Overview
Summary
Financial statements indicate severe weakness: declining revenue, persistent losses, negative gross/EBIT/EBITDA margins, and negative operating and free cash flow. Balance sheet shows some equity stability but is overshadowed by liabilities and a declining asset base.Income Statement
The income statement reveals a concerning trend with declining revenues and persistent losses. The company experienced a significant drop in revenue from 2020 to 2024, with a negative net profit margin in recent years. Gross profit margins have also been negative, indicating cost management issues. The EBIT and EBITDA margins are deeply negative, reflecting operational inefficiencies and financial distress.30
Negative
Balance Sheet
The balance sheet shows a mixed picture. While the company has managed to maintain positive stockholders' equity in recent years, the debt-to-equity ratio has fluctuated, indicating potential leverage concerns. The equity ratio has been relatively stable, suggesting some level of asset management stability. However, the overall financial health is undermined by high liabilities and declining asset base.40
Negative
Cash Flow
Cash flow analysis highlights significant challenges, with negative operating cash flows and free cash flows in recent periods. The free cash flow growth rate has been negative, indicating cash generation issues. The operating cash flow to net income ratio is unfavorable, reflecting poor cash conversion from earnings. This raises concerns about the company's ability to sustain operations without external financing.35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.39M | 21.95M | 25.42M | 68.97M | 175.36M | 268.61M |
| Gross Profit | 1.80M | -2.15M | 4.16M | -4.50M | 30.57M | 104.90M |
| EBITDA | 2.32M | -17.55M | -74.16M | -41.33M | 11.84M | 91.18M |
| Net Income | -17.64M | -17.81M | -84.65M | -39.19M | 4.87M | 62.73M |
Balance Sheet | ||||||
| Total Assets | 66.63M | 58.49M | 26.28M | 141.06M | 194.06M | 199.50M |
| Cash, Cash Equivalents and Short-Term Investments | 1.00M | 4.07M | 13.67M | 12.02M | 12.32M | 17.29M |
| Total Debt | 1.50M | 4.50M | 5.97M | 28.39M | 10.67M | 670.00K |
| Total Liabilities | 32.30M | 23.62M | 40.58M | 68.61M | 81.80M | 92.07M |
| Stockholders Equity | 34.33M | 34.87M | -14.30M | 70.35M | 112.26M | 107.42M |
Cash Flow | ||||||
| Free Cash Flow | -40.17M | -51.07M | 20.75M | -16.52M | -2.30M | -55.60M |
| Operating Cash Flow | -39.17M | -50.03M | 20.82M | -16.27M | -1.77M | -55.39M |
| Investing Cash Flow | -24.90M | -24.91M | -74.00K | -248.00K | 2.20M | -2.93M |
| Financing Cash Flow | -3.09M | 63.67M | -19.09M | 16.26M | -2.64M | 46.33M |
Icon Culture Global Company Limited Technical Analysis
Negative
0.15
Price Trends
0.17
Negative
0.22
Negative
0.32
Negative
Market Momentum
>-0.01
Negative
39.45
Neutral
18.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8500, 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 0.17, and below the 200-day MA of 0.32, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.45 is Neutral, neither overbought nor oversold. The STOCH value of 18.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8500.
Icon Culture Global Company Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | HK$207.83M | -52.35 | -0.67% | ― | 2.85% | -118.89% | |
47 Neutral | HK$1.14B | -72.58 | -6.02% | ― | -4.13% | 76.38% | |
47 Neutral | HK$431.20M | -15.99 | -176.68% | ― | ― | ― | |
44 Neutral | HK$302.03M | -6.22 | -57.02% | ― | -0.57% | -159.63% | |
41 Neutral | HK$247.85M | -0.30 | -96.45% | ― | -99.64% | 15.42% | |
38 Underperform | HK$58.32M | -3.05 | -96.94% | ― | -55.50% | 84.93% |
* Communication Services Sector Average
HK:8500
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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.