Want to see HK:0237 full AI Analyst Report?
Top Page
Safety Godown Co., Ltd.
(0237)
Select Model
Select Model
Rating:51Neutral
Price Target:
HK$2.00
â–¼(-8.26% Downside)
Action:Reiterated
Date:10/12/26
The score is held back primarily by persistent net losses/negative ROE and weak technical momentum with the stock trading below all major moving averages. Offsetting factors include a very conservative balance sheet with no debt and generally positive operating/free cash flow, plus a supportive dividend yield, but the negative P/E underscores that profitability remains the key risk.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces interest burden, refinancing exposure, and balance-sheet stress during weaker trading periods. Stable assets and equity provide a durable financial base that can preserve flexibility for operations and capital allocation over the next several quarters.
Negative Factors
Persistent net losses and negative ROE
Persistent losses show that the company has not converted its operations and capital base into sustainable shareholder earnings. Negative margins and ROE can erode equity productivity over time, constrain internally funded growth, and leave profitability as the central fundamental risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces interest burden, refinancing exposure, and balance-sheet stress during weaker trading periods. Stable assets and equity provide a durable financial base that can preserve flexibility for operations and capital allocation over the next several quarters.
Read all positive factors
Safety Godown Co., Ltd. (0237) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$777.60M
Dividend Yield4.18%
Average Volume (3M)17.17K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-9.67%
EPS Growth51.59%
CountryHK
Employees35
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.31
Shares Outstanding405,000,000
10 Day Avg. Volume15,400
30 Day Avg. Volume17,173
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.25
Price to Sales (P/S)5.28
P/FCF Ratio6.40
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
Safety Godown Co., Ltd. Business Overview & Revenue Model
Company Description
Safety Godown Company, Limited operates as an investment holding entity, with its primary focus being the rental of investment properties across Hong Kong. The company's business activities are categorized into three main divisions: Godown Operati...
Safety Godown Co., Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 160.31M | 177.46M | 177.19M | 147.35M | 123.25M |
| Gross Profit | 91.03M | 105.32M | 99.52M | 71.06M | 44.84M |
| EBITDA | -95.33M | -233.26M | -86.07M | -149.47M | -47.46M |
| Net Income | -128.54M | -265.51M | -122.65M | -188.29M | -84.54M |
Balance Sheet | |||||
| Total Assets | 3.60B | 3.75B | 4.05B | 4.06B | 4.18B |
| Cash, Cash Equivalents and Short-Term Investments | 1.29B | 1.11B | 1.04B | 961.26M | 947.31M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 181.65M | 163.46M | 166.22M | 155.46M | 147.82M |
| Stockholders Equity | 3.42B | 3.58B | 3.88B | 3.90B | 4.03B |
Cash Flow | |||||
| Free Cash Flow | 132.29M | 3.93M | 62.30M | 61.22M | 60.25M |
| Operating Cash Flow | 135.39M | 9.64M | 77.27M | 72.12M | 69.66M |
| Investing Cash Flow | -97.63M | 21.66M | -136.07M | -263.22M | -114.30M |
| Financing Cash Flow | -32.32M | -30.63M | -22.23M | -32.24M | -210.04M |
Safety Godown Co., Ltd. Technical Analysis
Neutral
2.18
Price Trends
2.06
Negative
2.09
Negative
2.09
Negative
Market Momentum
-0.05
Positive
38.57
Neutral
19.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0237, the sentiment is Neutral. The current price of 2.18 is above the 20-day moving average (MA) of 1.95, above the 50-day MA of 2.06, and above the 200-day MA of 2.09, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.57 is Neutral, neither overbought nor oversold. The STOCH value of 19.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0237.
Safety Godown Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.58B | 7.75 | 19.11% | 5.89% | 24.03% | 12.10% | |
71 Outperform | HK$722.72M | 5.62 | 8.15% | 8.61% | 10.51% | 3.20% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$464.40M | 7.66 | 1.86% | 3.09% | 4.71% | 415.52% | |
62 Neutral | HK$597.97M | 6.90 | 1.94% | 28.45% | 2.96% | -72.77% | |
58 Neutral | HK$1.41B | 8.49 | 11.06% | 9.75% | -2.62% | -3.82% | |
51 Neutral | HK$777.60M | -6.13 | -3.69% | 4.18% | -9.67% | 51.59% |
* Real Estate Sector Average
HK:0237
Safety Godown Co., Ltd.
1.92
>-0.01
-0.31%
HK:1502
Financial Street Property Co. Limited Class H
1.94
-0.13
-6.39%
HK:2156
C&D Property Management Group Co., Ltd.
2.55
-0.24
-8.72%
HK:0606
SCE Intelligent Commercial Management Holdings Limited
0.24
-0.04
-14.29%
HK:6668
E-Star Commercial Management Company Limited
1.39
0.15
11.78%
HK:6989
Excellence Commercial Property & Facilities Management Group Limited
0.49
-0.60
-55.05%
Safety Godown Co., Ltd. Corporate Events
Safety Godown Enters Joint Venture for Prime Hong Kong Property Investment
Sep 16, 2026
Safety Godown Company, Limited has entered into a joint venture via its indirect wholly owned subsidiary to acquire a 30% stake in a British Virgin Islands-incorporated target company holding five town houses and car parking spaces in a prime sout...
Safety Godown Shareholders Back All AGM Resolutions, Approve Dividend and Capital Mandates
Aug 14, 2026
Safety Godown Company, Limited, a warehousing and storage services provider listed in Hong Kong, reported that all resolutions at its annual general meeting held on 14 August 2026 were approved by shareholders via poll. The company has 405 million...
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.