Wah Wo Holdings Group Limited (9938) AI Stock Analysis

• Market Cap: HK$110.00M
• Dividend Yield: N/A
• Average Volume (3M): 70.50K
• Price to Earnings (P/E): 6.5
• Beta (1Y): 0.26
• Revenue Growth: 14.65%
• EPS Growth: N/A
• Country: HK
• Employees: 130
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): <0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 43,000
• 30 Day Avg. Volume: 70,500
• PEG Ratio: -0.04
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.19
• P/FCF Ratio: 2.07
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: HK$0.12 ▲(9.09% Upside)

Wah Wo Holdings Group Limited's strong financial performance and attractive valuation are the primary drivers of its score. The technical analysis indicates neutral momentum, which slightly tempers the overall score.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates effective market penetration and demand for its services, supporting long-term business expansion and stability.

Cash Flow Management

Strong cash flow management enhances financial flexibility, allowing the company to invest in growth opportunities and weather economic downturns.

Balance Sheet Health

A strong balance sheet with low leverage reduces financial risk and supports sustainable growth, providing a buffer against market volatility.

Negative Factors

Volatile Profit Margins

Volatile profit margins can indicate inconsistent cost management or pricing power, potentially impacting long-term profitability and investor confidence.

Industry Cyclicality

The construction industry is cyclical, potentially leading to fluctuating demand for services, impacting revenue stability and growth prospects.

Limited Earnings Call Data

Lack of earnings call data may limit transparency and investor insights into management's strategic direction and operational performance.

Wah Wo Holdings Group Limited Business Overview & Revenue Model

Company Description

Wah Wo Holdings Group Limited, an investment holding company, engages in the provision of aluminum works and related services in Hong Kong. The company offers façade works, including windows, window wall systems, curtain wall systems, and other façade members. It also provides design and build, and renovation services for various types of buildings, including residential apartments, commercial buildings, retail premises, universities, and hotels. The company's services include developing designs, conducting structural calculations, and preparing shop drawings, as well as management and coordination of various aspects of a project, which is involved in the procurement of building materials from material suppliers and/or subcontracting of installation works to its subcontractors, on-site project management, and post-project completion and maintenance services. It also trades in tools and equipment. The company was incorporated in 2018 and is headquartered in Kwai Chung, Hong Kong. Wah Wo Holdings Group Limited is a subsidiary of Ornate Bright Limited.

How the Company Makes Money

Wah Wo Holdings Group Limited generates revenue primarily through the sale of its construction materials and products to contractors, builders, and developers. The company has established multiple revenue streams that include direct sales of precast concrete products, steel fabrication services, and a growing portfolio of real estate projects. Additionally, strategic partnerships with construction firms and ongoing contracts for large-scale projects contribute significantly to its earnings. The company also benefits from economies of scale in its manufacturing processes, allowing for competitive pricing and increased margins.

Wah Wo Holdings Group Limited Financial Statement Overview

Summary

Wah Wo Holdings Group Limited has demonstrated strong revenue growth and improved profitability metrics. The balance sheet reflects financial stability with low leverage, and strong cash flow management further enhances the company's financial health.

Income Statement

Wah Wo Holdings Group Limited has demonstrated strong revenue growth, with a significant increase in total revenue from 2024 to 2025. The gross profit margin improved notably, indicating efficient cost management. However, the net profit margin has been volatile but turned positive in 2025, reflecting improved profitability. The EBIT and EBITDA margins have also shown recovery, contributing to a more stable financial performance.

Balance Sheet

The company maintains a strong equity position with a low debt-to-equity ratio, indicating financial stability and low leverage risk. The return on equity remains positive, showing effective utilization of shareholder funds. The equity ratio is high, suggesting a solid capital structure supported by a substantial proportion of equity over total assets.

Cash Flow

Wah Wo Holdings has shown a remarkable turnaround in cash flows, with substantial free cash flow growth in 2025. The operating cash flow to net income ratio indicates strong cash generation capabilities. The company has effectively managed its capital expenditures, contributing to healthy free cash flow levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	482.12M	482.12M	238.43M	208.35M	223.06M	350.85M
Gross Profit	55.73M	55.73M	21.25M	25.26M	16.37M	21.38M
EBITDA	26.55M	26.35M	-58.54M	7.71M	4.28M	12.59M
Net Income	16.83M	16.83M	-55.11M	2.85M	1.42M	5.95M
Balance Sheet
Total Assets	280.37M	280.37M	269.77M	281.59M	267.75M	266.21M
Cash, Cash Equivalents and Short-Term Investments	53.21M	53.21M	31.58M	63.55M	62.78M	84.83M
Total Debt	6.34M	6.34M	10.13M	437.00K	1.73M	3.25M
Total Liabilities	73.00M	73.00M	79.14M	35.85M	24.86M	24.74M
Stockholders Equity	207.36M	207.36M	190.63M	245.75M	242.89M	241.47M
Cash Flow
Free Cash Flow	46.30M	44.45M	-10.88M	42.69M	55.23M	-72.44M
Operating Cash Flow	46.67M	44.82M	-9.95M	45.65M	55.41M	-65.86M
Investing Cash Flow	-2.84M	-21.64M	-28.61M	-43.58M	-65.94M	-25.53M
Financing Cash Flow	-958.00K	-678.00K	5.71M	-1.29M	-1.52M	-1.26M

Wah Wo Holdings Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9938, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.52 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9938.

Wah Wo Holdings Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9938	68 Neutral	HK$110.00M	6.55	10.51%	―	14.65%	―
8646	65 Neutral	HK$158.10M	2.33	11.61%	―	5.34%	43.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1653	55 Neutral	HK$1.40B	-256.91	-3.68%	―	-0.28%	-469.70%
1897	53 Neutral	HK$174.68M	19.37	0.62%	2.37%	-48.30%	-75.98%
1937	52 Neutral	HK$219.00M	109.50	0.58%	―	-10.27%	-84.38%
1592	49 Neutral	HK$83.97M	-0.74	―	―	1.43%	-83.97%

Wah Wo Holdings Group Limited Corporate Events

Wah Wo Holdings Schedules Board Meeting to Discuss Interim Results

Wah Wo Holdings Group Limited has announced a board meeting scheduled for November 28, 2025, to discuss and approve the interim results for the six months ending September 30, 2025. The meeting will also consider the declaration of an interim dividend and address other business matters, potentially impacting the company’s financial strategy and shareholder returns.