Plastec Technologies (PLTYF) AI Stock Analysis

• Market Cap: $284.64K
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.11
• Revenue Growth: N/A
• EPS Growth: -22625.00%
• Country: US
• Employees: 4
• Sector: Financial
• Sector Strength: 70
• Industry: Shell Companies
• EPS (TTM): -0.01
• Shares Outstanding: 12,938,128
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.12
• Enterprise Value/Market Cap: -61.51
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: 12.86
• 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: $0.02 ▲(5.00% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and significant 2024 cash burn despite being debt-free). Technicals add little support with mostly flat moving averages and mixed momentum, while valuation is unattractive/indeterminate due to negative earnings and no dividend yield.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt and substantial cash reserves provides financial stability and flexibility to invest in growth opportunities.

Client Relationships

Maintaining strong client relationships ensures steady demand and potential for recurring revenue, supporting long-term business sustainability.

Advanced Manufacturing Techniques

Utilizing advanced manufacturing techniques enhances product quality and efficiency, providing a competitive edge in the precision plastic industry.

Negative Factors

Zero Revenue

The absence of revenue generation poses significant challenges to operational sustainability and limits the company's ability to invest in growth.

Ongoing Losses

Continuous losses highlight operational inefficiencies and threaten long-term viability, necessitating strategic changes to achieve profitability.

Inconsistent Cash Flow

Volatile cash flow indicates instability in operations, which can hinder strategic planning and investment in growth initiatives.

Plastec Technologies Business Overview & Revenue Model

Company Description

Plastec Technologies, Ltd. does not have significant business operations. Previously, it offered precision plastic manufacturing services, including mold design and fabrication, and plastic injection. The company was founded in 1993 and is based in Kwun Tong, Hong Kong.

How the Company Makes Money

Plastec Technologies generates revenue primarily through the production and sale of precision plastic injection molds and related products. The company serves a diverse clientele across multiple industries, offering customized solutions that cater to specific client needs. By leveraging advanced manufacturing techniques and ensuring high product quality, Plastec Technologies maintains strong relationships with its clients, contributing to consistent revenue streams. Additionally, any strategic partnerships or collaborations with key industry players further bolster its earnings potential by expanding its market reach and enhancing its product offerings.

Plastec Technologies Financial Statement Overview

Summary

Very weak fundamentals: zero revenue across 2019–2024, persistent operating losses, and a sharp deterioration in 2024 (net loss ~$7.9M; operating cash flow ~$-17.3M). The main positive is a debt-free balance sheet, but equity has fallen materially, indicating ongoing value erosion.

Income Statement

Across 2019–2024 annual reports, the company reports zero revenue, while operating losses persist (EBIT negative every year). Net income swung from a near-breakeven loss in 2023 (-$0.1M) to a much larger loss in 2024 (-$7.9M), indicating deteriorating profitability and weak earnings quality. With no demonstrated top-line base, the path to sustainable profitability remains unclear.

Balance Sheet

The balance sheet shows no debt, which meaningfully reduces financial risk. However, equity and assets have fallen sharply versus 2020–2023 levels (equity down to ~$43.6M in 2024 from ~$86.9M in 2023), and returns on equity are negative, worsening materially in 2024 (about -18%). The key strength is low leverage; the key weakness is ongoing value erosion from losses and a shrinking capital base.

Cash Flow

Cash generation is highly volatile and has weakened: operating cash flow moved from positive in 2023 (+$0.7M) to deeply negative in 2024 (-$17.3M), with free cash flow similarly negative in 2024. While free cash flow has tracked net income in some years, the 2024 cash burn is significant and raises sustainability risk without revenue or consistent operating inflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.36M	0.00	0.00	-3.17M	-2.21M	-3.52M
Net Income	-9.16M	-7.91M	-66.00K	-3.23M	-3.00M	-3.51M
Balance Sheet
Total Assets	43.02M	44.17M	101.02M	99.64M	102.30M	185.65M
Cash, Cash Equivalents and Short-Term Investments	43.02M	44.17M	96.30M	95.65M	98.73M	182.70M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	572.00K	538.00K	14.15M	12.71M	12.15M	11.76M
Stockholders Equity	42.45M	43.63M	86.86M	86.93M	90.16M	173.89M
Cash Flow
Free Cash Flow	-17.40M	-17.26M	657.00K	-3.09M	-3.23M	-2.86M
Operating Cash Flow	-17.77M	-17.26M	664.00K	-3.09M	-3.23M	-2.86M
Investing Cash Flow	816.00K	445.00K	-7.00K	0.00	0.00	29.00K
Financing Cash Flow	-35.32M	-35.32M	0.00	0.00	-80.73M	0.00

Plastec Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BSLK	43 Neutral	$698.58K	-0.01	―	―	62620.00%	-3469.28%
PLTYF	42 Neutral	$284.64K	-0.24	-14.21%	―	―	-22625.00%