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Safety Godown Co., Ltd.
(0237)
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Rating:55Neutral
Price Target:
HK$2.00
â–¼(-8.26% Downside)
Action:Reiterated
Date:07/12/26
The score is primarily capped by sustained net losses and negative ROE despite a very conservative, debt-free balance sheet and generally positive cash flow. Technical indicators are broadly neutral and do not strongly confirm an uptrend, while valuation is mixed with a reasonable dividend yield but a negative P/E due to losses.
Positive Factors
Debt-free balance sheet
The absence of debt materially reduces refinancing, interest-cost, and solvency risk, giving the company greater flexibility through difficult operating periods. Stable assets and equity also provide a substantial capital base that can support ongoing operations without relying heavily on external borrowing.
Negative Factors
Persistent net losses
Ongoing net losses show that the company has not converted its operations into sustainable shareholder earnings. Deeply negative margins can consume financial resources, limit reinvestment capacity, and make future performance dependent on resolving recurring below-the-line losses.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt materially reduces refinancing, interest-cost, and solvency risk, giving the company greater flexibility through difficult operating periods. Stable assets and equity also provide a substantial capital base that can support ongoing operations without relying heavily on external borrowing.
Read all positive factors
Safety Godown Co., Ltd. (0237) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$753.30M
Dividend Yield4.31%
Average Volume (3M)17.17K
Price to Earnings (P/E)―
Beta (1Y)0.24
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. Volume19,600
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
Negative
2.18
Price Trends
2.08
Negative
2.11
Negative
2.09
Negative
Market Momentum
-0.06
Positive
17.39
Positive
3.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0237, the sentiment is Negative. The current price of 2.18 is above the 20-day moving average (MA) of 1.98, above the 50-day MA of 2.08, and above the 200-day MA of 2.09, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 17.39 is Positive, neither overbought nor oversold. The STOCH value of 3.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$3.53B | 7.91 | 19.11% | 5.98% | 24.03% | 12.10% | |
71 Outperform | HK$709.65M | 5.52 | 8.15% | 8.80% | 10.51% | 3.20% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | HK$610.17M | 6.99 | 1.94% | 27.88% | 2.96% | -72.77% | |
63 Neutral | HK$479.88M | 7.67 | 1.86% | 3.09% | 4.71% | 415.52% | |
58 Neutral | HK$1.42B | 8.57 | 11.06% | 9.68% | -2.62% | -3.82% | |
55 Neutral | HK$753.30M | -5.93 | -3.69% | 4.31% | -9.67% | 51.59% |
* Real Estate Sector Average
HK:0237
Safety Godown Co., Ltd.
1.86
-0.10
-5.34%
HK:1502
Financial Street Property Co. Limited Class H
1.90
-0.24
-11.07%
HK:2156
C&D Property Management Group Co., Ltd.
2.60
-0.20
-7.26%
HK:0606
SCE Intelligent Commercial Management Holdings Limited
0.24
-0.04
-14.29%
HK:6668
E-Star Commercial Management Company Limited
1.40
0.10
7.89%
HK:6989
Excellence Commercial Property & Facilities Management Group Limited
0.50
-0.63
-55.80%
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...
Safety Godown Calls AGM, Seeks Fresh Share-Issuance Mandate
Jul 7, 2026
Safety Godown Company, Limited has called its Annual General Meeting for 14 August 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 March 2026, consider a proposed final dividend, vote on the...
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.