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Top Standard Corp. (HK:8510)
:8510
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Top Standard Corp.
(8510)
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Rating:47Neutral
Price Target:
HK$0.00
▼(-100.00% Downside)
The overall stock score is primarily impacted by the company's financial performance, which is weak due to profitability and stability issues. Technical analysis shows positive momentum, but the overbought RSI suggests caution. Valuation is unattractive due to negative earnings and lack of dividends.
Top Standard Corp. (8510) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$19.91M
Dividend YieldN/A
Average Volume (3M)44.51K
Price to Earnings (P/E)―
Beta (1Y)-0.37
Revenue Growth144.78%
EPS Growth10.07%
CountryHK
Employees48
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding199,065,600
10 Day Avg. Volume44,000
30 Day Avg. Volume44,506
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.14
Price to Sales (P/S)0.92
P/FCF Ratio-10.58
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 ConsensusHold
Number of Analyst Covering0
Top Standard Corp. Business Overview & Revenue Model
Company DescriptionTop Standard Corporation, an investment holding company, operates full-service restaurants in Hong Kong. The company operates through two segments, Code and MOW. It operates bar restaurant under the Code brand; and sells wines online under the MOW brand. The company was founded in 2008 and is based in Hong Kong, Hong Kong. Top Standard Corporation is a subsidiary of JSS Group Corporation.
How the Company Makes MoneyTop Standard Corp. generates revenue through multiple streams, primarily from the sale of its manufactured industrial components, which include precision-engineered parts and assemblies for automotive and aerospace applications. Additionally, the company offers technology solutions that comprise software and hardware designed to optimize manufacturing processes. Key revenue streams include direct sales to manufacturers, long-term contracts with industry partners, and service agreements for maintenance and support of their technology products. Significant partnerships with leading firms in the automotive and aerospace sectors enhance their market reach and contribute to steady revenue growth.
Top Standard Corp. Financial Statement Overview
Summary
Top Standard Corp. is experiencing strong revenue growth, but profitability and financial stability are major concerns. The company faces challenges with high costs, negative equity, and weak cash flow generation. To improve its financial health, the company should focus on cost control, restructuring its balance sheet, and enhancing cash flow management.Income Statement
Top Standard Corp. has shown significant revenue growth of 39.68% in the latest year, indicating a positive trend in sales. However, the company is struggling with profitability, as evidenced by negative net profit margins (-68.41%) and EBIT margins (-97.22%). The gross profit margin is extremely low at 2.23%, suggesting high cost of goods sold relative to revenue. Overall, while revenue growth is a positive sign, the company needs to improve its cost management and profitability.25
Negative
Balance Sheet
The company's balance sheet reveals a concerning financial structure with negative stockholders' equity, leading to a negative debt-to-equity ratio (-0.58). This indicates that liabilities exceed assets, posing a risk to financial stability. The return on equity is positive at 85.03%, but this is due to the negative equity, which distorts the metric. The equity ratio is not available due to negative equity, highlighting the need for financial restructuring.20
Very Negative
Cash Flow
Cash flow analysis shows a negative free cash flow growth rate of -84.58%, indicating declining cash generation capabilities. The operating cash flow to net income ratio is low at 0.046, suggesting limited cash generation from operations relative to net income. The free cash flow to net income ratio is negative, reflecting challenges in converting profits into cash. The company needs to enhance its cash flow management to support operations and growth.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.47M | 14.33M | 9.07M | 12.48M | 6.65M | 29.21M |
| Gross Profit | 3.94M | 320.00K | -1.75M | 1.14M | 2.04M | 9.58M |
| EBITDA | -9.26M | -10.55M | 7.63M | -6.37M | -11.49M | -9.45M |
| Net Income | -10.56M | -9.80M | 6.01M | -7.50M | -3.12M | -6.08M |
Balance Sheet | ||||||
| Total Assets | 5.98M | 6.41M | 15.47M | 10.11M | 16.71M | 12.71M |
| Cash, Cash Equivalents and Short-Term Investments | 922.00K | 2.58M | 2.42M | 1.18M | 2.98M | 9.02M |
| Total Debt | 5.50M | 6.73M | 9.42M | 7.46M | 6.54M | 17.20M |
| Total Liabilities | 26.83M | 26.90M | 23.74M | 25.89M | 23.69M | 29.16M |
| Stockholders Equity | -12.15M | -11.53M | -4.88M | -14.36M | -6.89M | -16.45M |
Cash Flow | ||||||
| Free Cash Flow | -2.68M | -1.25M | -8.49M | 1.10M | -14.87M | -11.66M |
| Operating Cash Flow | -548.00K | 1.06M | -2.11M | 6.87M | -14.75M | -10.26M |
| Investing Cash Flow | -1.22M | -2.36M | -6.49M | -5.85M | -173.00K | -825.00K |
| Financing Cash Flow | 5.37M | 1.46M | 9.83M | -3.06M | 8.88M | 19.03M |
Top Standard Corp. Technical Analysis
Positive
0.17
Price Trends
0.11
Positive
0.09
Positive
0.09
Positive
Market Momentum
<0.01
Negative
83.71
Negative
46.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8510, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 83.71 is Negative, neither overbought nor oversold. The STOCH value of 46.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8510.
Top Standard Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | HK$30.03M | ― | -31.67% | ― | -19.25% | 65.38% | |
47 Neutral | HK$19.91M | ― | ― | ― | 144.78% | 10.07% | |
46 Neutral | HK$33.05M | ― | -124.73% | ― | -6.46% | -3042.86% | |
41 Neutral | HK$17.32M | ― | -80.18% | ― | 6.44% | -294.12% | |
38 Underperform | HK$4.70M | ― | ― | ― | ― | ― | |
26 Underperform | HK$10.16M | ― | ― | ― | -77.80% | -586.04% |
* Consumer Cyclical Sector Average
HK:8510
Top Standard Corp.
0.17
0.09
112.50%
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0.16
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Bar Pacific Group Holdings Ltd.
0.04
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K Group Holdings Limited
0.07
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-76.67%
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Dragon King Group Holdings Ltd.
0.04
-0.02
-33.33%
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.