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Melbourne Enterprises Limited
(0158)
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Rating:60Neutral
Price Target:
HK$60.00
▼(-4.76% Downside)
Action:Reiterated
Date:08/04/26
Overall score is held back primarily by recurring net losses and sharply weaker reported earnings in 2025, despite strong operating margins. Offsetting this, the company’s low financial risk profile (no debt) and consistently positive cash flow provide stability. Technicals are mixed (some near-term momentum but weaker longer-term trend), while valuation is supported by a high dividend yield but undermined by negative earnings (negative P/E).
Positive Factors
No Financial Leverage
Zero reported debt and a sizable equity cushion provide durable solvency and financial flexibility. Over the next 2–6 months this low leverage supports stable operations, preserves liquidity for capital allocation or dividends, and reduces default risk versus peers with debt.
Negative Factors
Persistent Net Losses
Repeated negative net income and a marked worsening in 2025 erode return on equity and retained earnings, constraining reinvestment and long-term shareholder returns. Over a 2–6 month horizon, continued below‑the‑line losses could limit strategic flexibility despite healthy operating margins.
Read all positive and negative factors
Positive Factors
Negative Factors
No Financial Leverage
Zero reported debt and a sizable equity cushion provide durable solvency and financial flexibility. Over the next 2–6 months this low leverage supports stable operations, preserves liquidity for capital allocation or dividends, and reduces default risk versus peers with debt.
Read all positive factors
Melbourne Enterprises Limited (0158) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.48B
Dividend Yield5.42%
Average Volume (3M)333.00
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-5.77%
EPS Growth-51.14%
CountryHK
Employees14
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-19.16
Shares Outstanding25,000,000
10 Day Avg. Volume700
30 Day Avg. Volume333
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.25
Price to Sales (P/S)9.30
P/FCF Ratio15.36
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
Melbourne Enterprises Limited Business Overview & Revenue Model
Company Description
Headquartered in Central, Hong Kong, Melbourne Enterprises Limited operates as an investment holding company. Its primary business involves property investments across Hong Kong, featuring a portfolio that includes both commercial and retail real ...
Melbourne Enterprises Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
79
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 172.95M | 170.70M | 161.67M | 157.89M | 158.71M | 160.42M |
| Gross Profit | 122.88M | 122.61M | 124.93M | 116.93M | 122.85M | 111.40M |
| EBITDA | 84.15M | 116.08M | 126.48M | 108.41M | 110.52M | 99.09M |
| Net Income | -478.87M | -640.46M | -156.36M | -129.16M | -127.39M | 66.86M |
Balance Sheet | ||||||
| Total Assets | 6.43B | 6.46B | 7.17B | 7.43B | 7.66B | 7.89B |
| Cash, Cash Equivalents and Short-Term Investments | 271.29M | 279.78M | 265.15M | 254.11M | 244.43M | 250.11M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 62.91M | 74.79M | 71.86M | 76.48M | 66.59M | 73.65M |
| Stockholders Equity | 6.36B | 6.38B | 7.10B | 7.36B | 7.59B | 7.82B |
Cash Flow | ||||||
| Free Cash Flow | 66.48M | 103.35M | 101.08M | 102.11M | 84.32M | 74.71M |
| Operating Cash Flow | 66.49M | 103.36M | 101.14M | 102.24M | 84.40M | 74.71M |
| Investing Cash Flow | -19.00K | -47.36M | -107.00K | -2.56M | -79.00K | 0.00 |
| Financing Cash Flow | -82.50M | -87.50M | -90.00M | -90.00M | -90.00M | -115.00M |
Melbourne Enterprises Limited Technical Analysis
Positive
63.00
Price Trends
57.69
Positive
57.77
Positive
58.88
Positive
Market Momentum
0.39
Negative
93.92
Negative
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0158, the sentiment is Positive. The current price of 63 is above the 20-day moving average (MA) of 58.45, above the 50-day MA of 57.69, and above the 200-day MA of 58.88, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 93.92 is Negative, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0158.
Melbourne Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$6.93B | 10.13 | 3.22% | 5.28% | -10.82% | -1.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | HK$1.48B | -3.08 | -7.51% | 5.42% | -5.77% | -51.14% | |
51 Neutral | HK$1.72B | -1.35 | -9.64% | 1.64% | 27.40% | 55.09% | |
50 Neutral | HK$839.28M | -0.38 | -26.12% | 3.45% | -58.66% | -186.85% | |
49 Neutral | HK$1.87B | -3.94 | -7.04% | 6.35% | -4.29% | 15.38% | |
44 Neutral | HK$364.98M | -55.11 | -2.26% | ― | -11.66% | 81.28% |
* Real Estate Sector Average
HK:0158
Melbourne Enterprises Limited
59.00
-2.10
-3.44%
HK:0071
Miramar Hotel & Investment Co
10.03
0.48
4.98%
HK:0878
Soundwill Holdings
6.08
0.16
2.63%
HK:0105
Associated International Hotels Limited
5.20
0.03
0.58%
HK:0655
Hongkong Chinese Limited
0.42
0.12
40.00%
HK:0037
Far East Hotels & Entertainment Ltd.
0.49
0.02
5.43%
Melbourne Enterprises Limited Corporate Events
Melbourne Enterprises Renews Connected-Party Lease at Melbourne Plaza
Jul 30, 2026
Melbourne Enterprises Limited has renewed a related-party tenancy arrangement, signing a new two-year lease with Fu Hop for office space and roof use at Melbourne Plaza in Central from 1 August 2026 to 31 July 2028. The lease, covering Rooms 2401-...
Melbourne Enterprises Confirms Interim Dividend of HKD 1.6 Per Share
Jun 24, 2026
Melbourne Enterprises Limited, a Hong Kong-listed issuer under stock code 00158, is managed by a board featuring executive, non-executive and independent non-executive directors. The leadership is headed by Chairman Mr. Chung Yin Shu, Frederick, w...
Melbourne Enterprises Declares Interim HKD 1.6 Dividend for 2026
May 28, 2026
Melbourne Enterprises Limited has declared an interim ordinary dividend of HKD 1.6 per share for the financial year ending 30 September 2026, based on results for the period to 31 March 2026. The move underscores the company’s continued comm...
Melbourne Enterprises Swings Back to Profit on Narrower Property Revaluation Losses
May 28, 2026
Melbourne Enterprises Limited reported unaudited interim results for the six months ended 31 March 2026, with revenue largely stable at HK$81.5 million compared with HK$81.9 million a year earlier and gross profit of HK$57.7 million versus HK$62.5...
Melbourne Enterprises Returns to Profit on Smaller Property Revaluation Loss
May 28, 2026
Melbourne Enterprises Limited reported interim unaudited revenue of HK$81.5 million for the six months ended 31 March 2026, broadly flat year-on-year, with operating costs and administrative expenses rising during the period. The company recorded ...
Melbourne Enterprises Sets Board Meeting to Approve Interim Results and Dividend
May 15, 2026
Melbourne Enterprises Limited has scheduled a board meeting for 28 May 2026 to review and approve the interim results for the six months ended 31 March 2026. The board will also consider the declaration of an interim dividend, a decision that coul...
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.