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Wah Wo Holdings Group Limited
(9938)
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Rating:71Outperform
Price Target:
HK$0.31
▲(137.69% Upside)
Action:Reiterated
Date:05/05/26
The score is driven mainly by improving financial performance (especially strong cash flow and better profitability) and an attractive low P/E valuation. These positives are tempered by technicals that look overbought despite a clear uptrend, increasing near-term volatility risk.
Positive Factors
Free cash flow turnaround
A marked free cash flow recovery improves the company's ability to self-fund working capital and capex, reduces reliance on external financing, and creates durable capacity to repay debt or invest in projects. Strong cash conversion supports operational resilience across cycles.
Negative Factors
Volatile net profit margin
Intermittent net margin swings reduce predictability of earnings and free cash flow, reflecting sensitivity to project timing, cost variability or one-off items. Persistent volatility complicates planning, credit assessment, and long-term return profiles for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow turnaround
A marked free cash flow recovery improves the company's ability to self-fund working capital and capex, reduces reliance on external financing, and creates durable capacity to repay debt or invest in projects. Strong cash conversion supports operational resilience across cycles.
Read all positive factors
Wah Wo Holdings Group Limited (9938) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$200.00M
Dividend YieldN/A
Average Volume (3M)70.50K
Price to Earnings (P/E)9.4
Beta (1Y)0.84
Revenue Growth-14.83%
EPS Growth-129.76%
CountryHK
Employees130
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,000,000,000
10 Day Avg. Volume43,000
30 Day Avg. Volume70,500
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.44
Price to Sales (P/S)0.19
P/FCF Ratio2.07
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
Wah Wo Holdings Group Limited Business Overview & Revenue Model
Company Description
Wah Wo Holdings Group Limited functions as an investment holding entity, specializing in aluminum-related solutions and services across Hong Kong. The company primarily focuses on exterior architectural elements, providing façade works that encomp...
How the Company Makes Money
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Wah Wo Holdings Group Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 459.36M | 482.12M | 238.43M | 208.35M | 223.06M | 350.85M |
| Gross Profit | 59.00M | 55.73M | 21.25M | 25.26M | 16.37M | 21.38M |
| EBITDA | 30.40M | 26.35M | -58.54M | 7.71M | 4.28M | 12.59M |
| Net Income | 21.28M | 16.83M | -55.11M | 2.85M | 1.42M | 5.95M |
Balance Sheet | ||||||
| Total Assets | 337.65M | 280.37M | 269.77M | 281.59M | 267.75M | 266.21M |
| Cash, Cash Equivalents and Short-Term Investments | 87.22M | 53.21M | 31.58M | 63.55M | 62.78M | 84.83M |
| Total Debt | 840.00K | 6.34M | 10.13M | 437.00K | 1.73M | 3.25M |
| Total Liabilities | 124.50M | 73.00M | 79.14M | 35.85M | 24.86M | 24.74M |
| Stockholders Equity | 213.16M | 207.36M | 190.63M | 245.75M | 242.89M | 241.47M |
Cash Flow | ||||||
| Free Cash Flow | 18.55M | 44.45M | -10.88M | 42.69M | 55.23M | -72.44M |
| Operating Cash Flow | 18.91M | 44.82M | -9.95M | 45.65M | 55.41M | -65.86M |
| Investing Cash Flow | 27.39M | -21.64M | -28.61M | -43.58M | -65.94M | -25.53M |
| Financing Cash Flow | -6.62M | -678.00K | 5.71M | -1.29M | -1.52M | -1.26M |
Wah Wo Holdings Group Limited Technical Analysis
Neutral
0.13
Price Trends
0.24
Negative
0.19
Positive
0.15
Positive
Market Momentum
>-0.01
Positive
35.92
Neutral
22.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9938, the sentiment is Neutral. The current price of 0.13 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.24, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.92 is Neutral, neither overbought nor oversold. The STOCH value of 22.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9938.
Wah Wo Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$200.00M | 9.39 | 10.12% | ― | -14.83% | -129.76% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$179.50M | 30.27 | 0.62% | 2.34% | -22.26% | -33.78% | |
54 Neutral | HK$678.95M | -125.00 | -3.78% | ― | 4.31% | -420.00% | |
44 Neutral | HK$289.12M | -1.43 | -21.28% | ― | -23.68% | 35.58% | |
41 Neutral | HK$276.53M | -0.74 | 80.94% | ― | -13.39% | 34.49% | |
39 Underperform | HK$95.28M | -0.84 | -17.44% | ― | 3.19% | 75.02% |
* Industrials Sector Average
HK:9938
Wah Wo Holdings Group Limited
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Wah Wo Holdings Group Limited Corporate Events
Wah Wo Holdings Clarifies Terms of Share Option Scheme in 2024/25 Report
Apr 15, 2026
Wah Wo Holdings Group Limited has issued a supplemental announcement to its annual report for the year ended 31 March 2025, clarifying details of its share option scheme in line with Hong Kong listing requirements. The company specifies that eligi...
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.