OneConstruction Group Limited (ONEG) AI Stock Analysis

• Market Cap: $27.36M
• Dividend Yield: N/A
• Average Volume (3M): 338.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.99
• 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: 1.58
• Enterprise Value/Revenue: 0.81
• Enterprise Value/Gross Profit: 11.05
• Enterprise Value/Ebitda: 25.62
• 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: 41 Neutral
• Price Target: $1.50 ▼(-36.71% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is weighed down primarily by weak financial performance (declining revenue, thin profitability, high leverage, and negative operating/free cash flows). Technicals also remain unfavorable with price below key moving averages and sub-neutral momentum readings. Valuation cannot be meaningfully assessed due to missing P/E and dividend yield.

Positive Factors

Diversified revenue model

A mix of fixed-price, cost-plus and time-and-materials contracts plus consulting and joint-venture activity spreads revenue risk across contract types and clients. That structural diversity supports steadier cash inflows, improves ability to win varied projects, and reduces single-contract exposure over months.

Stable asset base and modest equity growth

Relatively stable assets and a modest increase in shareholders' equity provide a tangible cushion for project financing and working capital. This balance-sheet stability supports ongoing operations and tendering capacity, helping the firm withstand near-term revenue volatility and execute contracts reliably.

Governance and leadership continuity

Re-appointment of directors and the external auditor signals shareholder support and continuity in oversight. Persistent governance stability reduces execution risk, maintains financial reporting consistency, and helps retain client and supplier confidence—important for contract wins and partnerships over the medium term.

Negative Factors

Declining revenue and thin margins

Sustained revenue decline and very thin gross and net margins constrain the company's ability to absorb cost overruns, invest in bid competitiveness, or rebuild margins. Over 2–6 months this weak profitability reduces retained earnings and limits funds available for strategic improvements or scaling operations.

High financial leverage

A near-2.0 debt-to-equity ratio indicates material leverage that raises interest burden and reduces financial flexibility. With constrained profitability, high leverage increases refinancing and solvency risk, limits ability to bid on larger projects, and makes the company more sensitive to market or cost shocks over the medium term.

Negative operating cash flow and funding reliance

Negative operating and free cash flows show operations aren't self-funding, and dependence on a large shareholder loan is a structural funding vulnerability. This combination heightens liquidity and refinancing risk, constrains capital expenditure and bidding capacity, and can pressure operations if external funding tightens.

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

Weak financial profile driven by declining revenue (-16.16%), low margins (gross margin 7.36%, net margin 1.69%), high leverage (debt-to-equity 1.997), and negative operating/free cash flows indicating liquidity and stability risk.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	53.20M	63.46M	54.49M	63.46M
Gross Profit	3.92M	4.44M	2.83M	4.44M
EBITDA	1.69M	2.23M	2.20M	2.23M
Net Income	898.00K	1.77M	1.67M	1.77M
Balance Sheet
Total Assets	49.84M	43.64M	32.30M	43.64M
Cash, Cash Equivalents and Short-Term Investments	749.00K	1.61M	1.26M	1.61M
Total Debt	24.25M	24.48M	16.91M	24.48M
Total Liabilities	37.70M	38.01M	28.47M	38.01M
Stockholders Equity	12.14M	5.63M	3.83M	5.63M
Cash Flow
Free Cash Flow	-5.12M	-6.97M	-1.79M	-6.97M
Operating Cash Flow	-5.11M	-6.96M	-1.79M	-6.96M
Investing Cash Flow	-3.00K	-7.00K	-6.00K	-7.00K
Financing Cash Flow	4.31M	7.20M	1.52M	7.20M

OneConstruction Group Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ONEG, the sentiment is Negative. The current price of 2.37 is below the 20-day moving average (MA) of 3.34, below the 50-day MA of 2.53, and below the 200-day MA of 6.17, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 31.45 is Neutral, neither overbought nor oversold. The STOCH value of 5.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ONEG.

OneConstruction Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MYRG	77 Outperform	$4.33B	44.27	18.78%	―	-0.64%	168.51%
TPC	77 Outperform	$4.53B	-158.62	-2.31%	0.09%	19.22%	78.83%
STRL	76 Outperform	$14.12B	44.64	30.28%	―	6.20%	72.81%
ROAD	72 Outperform	$7.85B	62.40	13.71%	―	54.20%	38.64%
GVA	70 Outperform	$5.92B	37.49	17.59%	0.45%	6.87%	64.56%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ONEG	41 Neutral	$27.36M	―	―	―	―	―

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.