OneConstruction Group Limited (ONEG) AI Stock Analysis

• Market Cap: $33.60M
• Dividend Yield: N/A
• Average Volume (3M): 338.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.89
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 14
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 16,000,000
• 10 Day Avg. Volume: 456,406
• 30 Day Avg. Volume: 338,461
• PEG Ratio: -0.66
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 0.48
• P/FCF Ratio: -4.99
• 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: 40 Underperform
• Price Target: $2.00 ▼(-15.61% Downside)

The score is held down primarily by weak financial performance (declining revenue, low margins, high leverage, and negative operating/free cash flows). Technicals add additional risk due to a broader downtrend and negative MACD, while valuation cannot be meaningfully assessed with missing P/E and dividend data.

Positive Factors

Diversified Contract Mix

A mix of fixed-price, cost-plus and T&M contracts plus consulting and joint-venture activity reduces single-contract concentration risk and smooths revenue variability. Over the medium term this diversity supports resilience across project cycles and improves ability to bid varied work.

Governance Continuity

Re-appointment of board members and the external auditor reinforces strategic and reporting continuity. Stable governance lowers execution risk on multi-year construction projects, aids consistent oversight of contract performance and supports longer-term relationship management with clients and creditors.

Stable Operating Margins

While levels are modest, steady EBIT/EBITDA margins reflect underlying operational controls and ability to manage project-level costs. If revenue stabilizes, existing margin structure provides a foundation to convert incremental revenue into positive operating leverage over the medium term.

Negative Factors

Declining Revenue and Thin Profitability

A material revenue decline combined with very thin gross and net margins reduces internal reinvestment capacity and limits buffer against cost overruns. Persistently low profitability weakens competitive positioning and undermines ability to fund growth or absorb large project delays over the coming months.

High Financial Leverage

Elevated leverage increases fixed financial costs and constrains flexibility to take on new projects or weather contract setbacks. In construction, high debt levels can limit bonding capacity and raise refinancing risk, making the company more vulnerable to adverse cash-flow swings in the medium term.

Negative Operating and Free Cash Flow

Inability to generate positive operating and free cash flows signals weak cash conversion and creates reliance on external financing. For a project-driven firm this raises risk around working capital, performance bonds and timely supplier payments, constraining growth and bid competitiveness over several months.

OneConstruction Group Limited Business Overview & Revenue Model

Company Description

OneConstruction Group Ltd. is a holding company, which engages in the procurement and installation of structural steel for construction projects. It is involved in performing site preparatory and preliminary works, developing detailed work schedules and work allocation plans, implementing construction site works, and conducting site safety supervision and quality control. The company was founded in 2021 and is headquartered in Hong Kong.

How the Company Makes Money

OneConstruction Group Limited generates revenue through a diversified business model primarily based on fixed-price contracts, cost-plus contracts, and time and materials contracts. The key revenue streams include income from construction projects, project management services, and consulting fees. Additionally, the company may engage in joint ventures or partnerships with other construction firms, local governments, and private developers to expand its project portfolio and secure larger contracts. Significant partnerships with suppliers and subcontractors also contribute to reducing costs and increasing profitability, enhancing ONEG's competitive edge in the market.

OneConstruction Group Limited Financial Statement Overview

Summary

OneConstruction Group Limited faces several financial challenges, including declining revenue, low profitability margins, high leverage, and negative cash flows. These factors suggest potential financial instability and liquidity concerns. The company needs to focus on improving its revenue growth and managing its debt levels to enhance financial health.

Income Statement

OneConstruction Group Limited has experienced a decline in revenue with a negative growth rate of -16.16% in the most recent year. The gross profit margin is relatively low at 7.36%, indicating limited pricing power or high cost of goods sold. The net profit margin has also decreased to 1.69%, reflecting challenges in maintaining profitability. Despite these challenges, the company maintains a stable EBIT and EBITDA margin around 3.17%, suggesting some operational efficiency.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 1.997, indicating significant leverage which could pose financial risks. The equity ratio stands at 24.36%, suggesting a moderate level of equity financing. The return on equity is not available for the latest period, but previous years indicate a declining trend, which could be concerning for investors.

Cash Flow

The cash flow statement reveals negative operating and free cash flows, indicating potential liquidity issues. The free cash flow to net income ratio is slightly above 1, suggesting that the company is generating cash flow in line with its net income, but the negative growth in free cash flow is a concern. The operating cash flow to net income ratio is negative, highlighting challenges in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2021
Income Statement
Total Revenue	53.20M	53.20M	63.46M	54.49M	63.46M
Gross Profit	3.92M	3.92M	4.44M	2.83M	4.44M
EBITDA	1.69M	1.69M	2.23M	2.20M	2.23M
Net Income	898.00K	898.00K	1.77M	1.67M	1.77M
Balance Sheet
Total Assets	49.84M	49.84M	43.64M	32.30M	43.64M
Cash, Cash Equivalents and Short-Term Investments	749.00K	749.00K	1.61M	1.26M	1.61M
Total Debt	24.25M	24.25M	24.48M	16.91M	24.48M
Total Liabilities	37.70M	37.70M	38.01M	28.47M	38.01M
Stockholders Equity	12.14M	12.14M	5.63M	3.83M	5.63M
Cash Flow
Free Cash Flow	-5.12M	-5.12M	-6.97M	-1.79M	-6.97M
Operating Cash Flow	-5.11M	-5.11M	-6.96M	-1.79M	-6.96M
Investing Cash Flow	-3.00K	-3.00K	-7.00K	-6.00K	-7.00K
Financing Cash Flow	4.31M	4.31M	7.20M	1.52M	7.20M

OneConstruction Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ONEG, the sentiment is Neutral. The current price of 2.37 is above the 20-day moving average (MA) of 1.75, below the 50-day MA of 2.57, and below the 200-day MA of 6.00, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 49.37 is Neutral, neither overbought nor oversold. The STOCH value of 43.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ONEG.

OneConstruction Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MYRG	76 Outperform	$3.89B	40.45	16.22%	―	-0.64%	168.51%
STRL	71 Outperform	$10.78B	34.41	35.73%	―	6.20%	72.81%
ROAD	71 Outperform	$6.46B	62.73	13.70%	―	54.20%	38.64%
GVA	70 Outperform	$5.30B	35.67	16.87%	0.45%	6.87%	64.56%
TPC	65 Neutral	$3.96B	-138.34	-2.31%	0.09%	19.22%	78.83%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ONEG	40 Underperform	$33.60M	―	―	―	―	―

OneConstruction Group Limited Corporate Events

OneConstruction Group Posts Small Interim Loss as Revenue Dips Slightly

On January 14, 2026, OneConstruction Group Limited furnished its unaudited condensed consolidated financial statements for the six months ended September 30, 2025 and 2024, and simultaneously announced its unaudited financial results for that period. The interim figures show relatively stable total assets of about $49.9 million, a modest increase in shareholders’ equity to $12.7 million, and a shift to a small net loss of $0.1 million versus a profit a year earlier, with revenue dipping 3.4% year on year to $27.8 million and margins pressured by higher administrative and share-based payment expenses; the filing also highlights the company’s continued reliance on a sizable shareholder loan, which remains a key element of its capital structure.

The most recent analyst rating on (ONEG) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on OneConstruction Group Limited stock, see the ONEG Stock Forecast page.

OneConstruction Shareholders Approve Director Slate and Auditor at 2025 AGM

On December 22, 2025, OneConstruction Group Limited held its 2025 annual general meeting in Hong Kong, where shareholders representing a quorum of 9,235,775 of the company’s 16 million ordinary shares voted on key governance matters. Investors approved the re-appointment of executive director Mr. Cheung Kam Cheung and independent non-executive directors Mr. Chan Man Kit, Mr. Law Hok Yu and Ms. Chung Suet In, each to serve until the next annual general meeting, and also endorsed the continued engagement of Audit Alliance LLP as the company’s independent registered public accounting firm for the year ending March 31, 2026. The strong support recorded across all five resolutions signals shareholder backing for the existing leadership team and audit arrangements, reinforcing continuity in management oversight and financial reporting as the company moves into its next fiscal year.

The most recent analyst rating on (ONEG) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on OneConstruction Group Limited stock, see the ONEG Stock Forecast page.

OneConstruction Group Announces 2025 AGM Details and Director Re-Appointments

On November 26, 2025, OneConstruction Group Limited announced the details of its upcoming 2025 Annual General Meeting of Shareholders, scheduled for December 22, 2025, in Hong Kong. The meeting will address the re-appointment of several directors and the company’s accounting firm, Audit Alliance LLP, for the fiscal year ending March 31, 2026. The board of directors recommends voting in favor of all proposals, which are crucial for maintaining the company’s governance and operational continuity.

The most recent analyst rating on (ONEG) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on OneConstruction Group Limited stock, see the ONEG Stock Forecast page.