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National Electronics Holdings
(0213)
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Rating:53Neutral
Price Target:
HK$0.40
â–²(10.00% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by mixed financial performance: strong 2026 cash-flow rebound and deleveraging are positives, but sharply weaker operating profitability (compressed gross margin and negative EBIT) and historical volatility limit confidence. Technicals are a key drag with a clear downtrend and very weak momentum, while the low P/E and modest yield provide some valuation support.
Positive Factors
Revenue Rebound
The sharp revenue rebound indicates renewed business activity and a much larger operating base entering the next several quarters. If retained, that scale can support reinvestment and strengthen earnings potential, although the pack does not establish that the improvement is yet stable.
Negative Factors
Margin Compression
The collapse in gross margin and move to negative EBIT show that the revenue rebound is not currently translating into healthy operating profitability. Persistently thin or negative operating margins would limit cash conversion, reduce reinvestment capacity, and make earnings more sensitive to execution changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp revenue rebound indicates renewed business activity and a much larger operating base entering the next several quarters. If retained, that scale can support reinvestment and strengthen earnings potential, although the pack does not establish that the improvement is yet stable.
Read all positive factors
National Electronics Holdings (0213) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$328.51M
Dividend Yield3.08%
Average Volume (3M)89.10K
Price to Earnings (P/E)8.6
Beta (1Y)0.34
Revenue Growth705.99%
EPS Growth-56.00%
CountryHK
Employees170
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding912,529,000
10 Day Avg. Volume176,000
30 Day Avg. Volume89,099
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.14
Price to Sales (P/S)0.09
P/FCF Ratio0.14
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
National Electronics Holdings Business Overview & Revenue Model
Company Description
National Electronics Holdings Limited, an investment holding company, manufactures, assembles, and sells electronic watches and watch parts in the People's Republic of China, Hong Kong, North America, Europe, and internationally. It operates throu...
National Electronics Holdings Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
54
Neutral
Cash Flow
67
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.05B | 502.31M | 578.22M | 501.31M | 694.56M |
| Gross Profit | 245.56M | 127.02M | 120.93M | 107.80M | 87.82M |
| EBITDA | -53.39M | 294.59M | 280.49M | 9.61M | 96.69M |
| Net Income | 41.29M | 93.90M | 41.13M | 48.87M | 91.36M |
Balance Sheet | |||||
| Total Assets | 6.18B | 9.51B | 8.58B | 8.51B | 8.34B |
| Cash, Cash Equivalents and Short-Term Investments | 771.98M | 316.00M | 568.33M | 1.00B | 1.30B |
| Total Debt | 3.25B | 5.67B | 4.94B | 4.91B | 4.70B |
| Total Liabilities | 3.53B | 6.93B | 6.03B | 5.96B | 5.72B |
| Stockholders Equity | 2.65B | 2.58B | 2.55B | 2.54B | 2.62B |
Cash Flow | |||||
| Free Cash Flow | 2.50B | -415.64M | -229.32M | -291.20M | -369.58M |
| Operating Cash Flow | 2.50B | -405.37M | -220.81M | -289.59M | -368.36M |
| Investing Cash Flow | 108.22M | 32.27M | 115.75M | -155.69M | -69.65M |
| Financing Cash Flow | -2.46B | 437.45M | -275.74M | 167.74M | 451.12M |
National Electronics Holdings Technical Analysis
Positive
0.36
Price Trends
0.34
Positive
0.35
Positive
0.36
Positive
Market Momentum
<0.01
Negative
87.59
Negative
86.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0213, the sentiment is Positive. The current price of 0.36 is below the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.34, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 87.59 is Negative, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0213.
National Electronics Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.07B | 3.60 | 9.96% | 7.16% | 8.83% | 109.28% | |
77 Outperform | HK$1.63B | 9.15 | 9.99% | 6.12% | -0.78% | -10.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.70B | -16.92 | -2.87% | 70.00% | -21.99% | -138.89% | |
54 Neutral | HK$70.00M | -1.49 | -5.18% | 35.85% | 0.91% | 55.64% | |
53 Neutral | HK$328.51M | 8.65 | 1.56% | 3.08% | 705.99% | -56.00% | |
47 Neutral | HK$610.64M | -16.67 | -68.91% | 3.10% | -8.88% | 42.89% |
* Consumer Cyclical Sector Average
HK:0213
National Electronics Holdings
0.39
0.01
2.63%
HK:0887
Emperor Watch & Jewellery
0.29
0.02
7.55%
HK:3389
Hengdeli Holdings
0.38
0.25
199.21%
HK:0398
Oriental Watch Holdings
3.39
0.22
6.82%
HK:0084
Stelux Holdings International Limited
0.07
>-0.01
-2.86%
HK:1856
Ernest Borel Holdings Ltd
1.70
-0.20
-10.53%
National Electronics Holdings Corporate Events
National Electronics Wins Strong Shareholder Backing at 2026 AGM
Aug 27, 2026
National Electronics Holdings reported that all resolutions put to shareholders at its 27 August 2026 annual general meeting were duly passed by poll, with overwhelming support across the board. Investors approved the audited financial statements ...
National Electronics Holdings Secures Further Extension for Property Deal Circular
Aug 25, 2026
National Electronics Holdings Limited, incorporated in Bermuda and listed in Hong Kong under stock code 213, operates in the electronics industry and is overseen by a board comprising executive, non-executive and independent non-executive director...
National Electronics Delays Circular on Major Property Acquisition
Aug 7, 2026
National Electronics Holdings Limited has announced a delay in sending a shareholder circular related to a major transaction involving the acquisition of a property. The company had originally expected to dispatch the circular by 7 August 2026, bu...
National Electronics Updates Registered Office Address in Bermuda
Jul 31, 2026
National Electronics Holdings Limited has announced a change in the address of its registered office in Bermuda, effective 3 August 2026, relocating to Richmond House on Par-la-Ville Road in Hamilton. The move is a formal administrative update tha...
National Electronics Sets August AGM to Approve Dividend, Board Changes and Capital Mandates
Jul 30, 2026
National Electronics Holdings has called its annual general meeting for 27 August 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 March 2026 and vote on a proposed final dividend. The meetin...
National Electronics to Acquire HK$195 Million Bonham Strand Property in Major Deal
Jul 17, 2026
National Electronics Holdings Limited has agreed to acquire a commercial property at Nos. 94, 96 and 98 Bonham Strand in Hong Kong through its wholly-owned subsidiary Sukie Limited for HK$195 million in cash. The site comprises several registered ...
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.