Polyfair Holdings Ltd. (8532) AI Stock Analysis

• Market Cap: HK$5.18M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: -75.80%
• EPS Growth: -6540.74%
• Country: HK
• Employees: 102
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 84,874,400
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: <0.01
• Price to Book (P/B): -0.47
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 30.53
• 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$0.07 ▲(570.00% Upside)
• Action: Upgraded Date: 03/24/26
• Date: Action: Upgraded 03/24/26

The score is driven primarily by weak financial performance—sharp revenue decline, significant losses, negative equity, and pressured cash generation—indicating elevated operating and balance-sheet risk. Technicals are also soft with a long-term downtrend and negative MACD, while valuation is difficult to support due to loss-making earnings and no dividend data.

Positive Factors

Historic profitability resilience

The company delivered thin but positive profits across 2020–2024, showing the underlying business and contract model can generate earnings when execution and market conditions stabilize. This durability implies recoverable margin potential if topline pressures and execution issues are addressed.

Negative Factors

Sharp revenue decline and loss

A ~44% top-line collapse and a swing to a large net loss indicate structural demand, contract execution, or pricing issues rather than a transient blip. Such a material earnings deterioration undermines margin sustainability, weakens backlog quality, and makes multi-quarter recovery more difficult without new contracts or strategy change.

Polyfair Holdings Ltd. Business Overview & Revenue Model

Company Description

Polyfair Holdings Limited, an investment holding company, engages in the construction business in Hong Kong. It designs and offers façade systems and curtain wall work solutions for residential and commercial buildings. The company provides variou...

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Polyfair Holdings Limited, an investment holding company, engages in the construction business in Hong Kong. It designs and offers façade systems and curtain wall work solutions for residential and commercial buildings. The company provides variou...

Polyfair Holdings Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	103.24M	237.59M	427.34M	330.71M	362.09M	300.00M
Gross Profit	-92.69M	-83.28M	24.13M	16.94M	16.48M	15.16M
EBITDA	-135.64M	-122.39M	14.34M	12.27M	9.28M	9.24M
Net Income	-142.95M	-133.07M	1.24M	3.02M	2.66M	1.94M
Balance Sheet
Total Assets	160.63M	213.18M	376.61M	323.04M	253.77M	209.89M
Cash, Cash Equivalents and Short-Term Investments	899.00K	46.24M	12.70M	14.53M	12.50M	10.62M
Total Debt	95.41M	135.00M	151.03M	172.38M	119.39M	101.36M
Total Liabilities	226.76M	271.08M	303.35M	251.01M	184.74M	143.55M
Stockholders Equity	-66.13M	-57.90M	73.26M	72.03M	69.03M	66.34M
Cash Flow
Free Cash Flow	-17.80M	890.00K	29.84M	-30.46M	-12.23M	1.52M
Operating Cash Flow	-17.37M	890.00K	29.94M	-30.41M	-12.12M	1.60M
Investing Cash Flow	-430.00K	0.00	83.00K	-10.49M	-110.00K	4.97M
Financing Cash Flow	3.26M	-17.84M	-31.42M	43.01M	14.05M	-4.08M

Polyfair Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8532, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.52 is Positive, neither overbought nor oversold. The STOCH value of 7.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8532.

Polyfair Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8431	52 Neutral	HK$108.05M	1.78	-154.33%	―	156.20%	-101.70%
8516	48 Neutral	HK$69.06M	-5.40	-200.99%	―	-15.62%	-11.50%
8422	46 Neutral	HK$14.76M	-26.25	-16.34%	―	11.29%	-262.50%
8532	42 Neutral	HK$5.18M	-0.62	230.51%	―	-75.80%	-6540.74%
8445	42 Neutral	HK$41.46M	-3.57	-17.44%	―	-41.79%	19.85%