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Sincere Co. Ltd.
(0244)
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Rating:45Neutral
Price Target:
HK$0.30
â–²(6.07% Upside)
Action:N/A
Date:08/30/26
The score is primarily constrained by weak financial performance—persistent losses, recurring cash burn, and negative equity that increases financial risk. Technical indicators are only mildly supportive (near-term averages and MACD slightly positive, but still below the 200-day trend), and valuation is hampered by a loss-driven negative P/E and the absence of a dividend yield.
Positive Factors
Resilient Gross Margin
Although gross margin stayed relatively strong, it has not translated into operating profit. This suggests the company retains some product-level economics, but overhead, store productivity or other operating costs remain too high for sustainable earnings.
Negative Factors
Declining Revenue
Persistent revenue contraction points to weakening customer demand, store productivity or competitive position. A shrinking sales base makes it harder to absorb fixed retail costs and limits the company’s ability to restore profitability without structural changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Gross Margin
Although gross margin stayed relatively strong, it has not translated into operating profit. This suggests the company retains some product-level economics, but overhead, store productivity or other operating costs remain too high for sustainable earnings.
Read all positive factors
Sincere Co. Ltd. (0244) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$407.33M
Dividend Yield2.5%
Average Volume (3M)257.53K
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth-12.57%
EPS Growth-49.50%
CountryHK
Employees133
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,313,962,500
10 Day Avg. Volume420,260
30 Day Avg. Volume257,533
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)-31.17
Price to Sales (P/S)3.18
P/FCF Ratio-12.65
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
Sincere Co. Ltd. Business Overview & Revenue Model
Company Description
Operating across Hong Kong, The Sincere Company, Limited and its affiliated businesses manage a network of four department stores. These retail outlets offer an extensive array of goods, including clothing, shoes, handbags, sports gear, household ...
Sincere Co. Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2022 | Feb 2021 | Feb 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 134.19M | 131.29M | 146.52M | 168.07M | 177.47M |
| Gross Profit | 63.63M | 69.25M | 81.94M | 88.98M | 85.73M |
| EBITDA | -31.46M | 16.76M | 13.46M | -69.13M | -43.70M |
| Net Income | -64.10M | -40.14M | -62.25M | -91.06M | -145.02M |
Balance Sheet | |||||
| Total Assets | 313.39M | 343.94M | 682.69M | 713.46M | 571.90M |
| Cash, Cash Equivalents and Short-Term Investments | 35.43M | 11.79M | 101.75M | 56.40M | 98.63M |
| Total Debt | 209.38M | 180.34M | 443.59M | 400.66M | 430.12M |
| Total Liabilities | 281.09M | 251.55M | 507.77M | 476.23M | 543.50M |
| Stockholders Equity | -13.70M | 46.59M | 128.99M | 2.92M | -2.98M |
Cash Flow | |||||
| Free Cash Flow | -33.76M | -55.63M | -43.61M | -64.57M | -9.78M |
| Operating Cash Flow | -32.36M | -54.42M | -42.17M | -64.48M | -9.75M |
| Investing Cash Flow | 39.82M | 206.44M | 44.05M | 1.96M | 15.29M |
| Financing Cash Flow | 15.79M | -233.77M | 42.21M | 21.89M | 68.65M |
Sincere Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$455.26M | 12.16 | 1.06% | 7.70% | -13.36% | 155.17% | |
59 Neutral | HK$3.77B | -14.00 | -1.66% | 8.89% | -1.82% | 67.15% | |
49 Neutral | HK$864.02M | -67.32 | -0.12% | 56.76% | 2.73% | 84.54% | |
45 Neutral | HK$407.33M | -5.80 | 687.69% | 2.50% | -12.57% | -49.50% | |
44 Neutral | HK$67.60M | -0.20 | 32.83% | 5.26% | -3.13% | 9.97% | |
41 Neutral | HK$119.74M | -1.06 | -14.50% | 2.86% | 0.84% | -437.97% |
* Consumer Cyclical Sector Average
HK:0244
Sincere Co. Ltd.
0.32
-0.04
-11.11%
HK:2136
Lifestyle China Group
0.59
0.17
41.83%
HK:0289
Wing On Co. International Ltd.
13.16
1.29
10.88%
HK:0825
New World Department Store China Limited
0.27
-0.03
-10.00%
HK:0984
AEON Stores (Hong Kong) Co., Limited
0.25
-0.20
-44.94%
HK:0312
Shirble Department Store Holdings (China) Ltd.
0.05
-0.06
-54.90%
Sincere Co. Ltd. Corporate Events
Sincere Company Narrows Interim Loss but Revenue Drops in First Half of 2026
Aug 28, 2026
The Sincere Company, Limited reported unaudited consolidated revenue of HK$44.25 million for the six months ended 30 June 2026, down from HK$64.31 million a year earlier, reflecting softer sales. Cost of sales and operating expenses declined but n...
Sincere Company Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 14, 2026
The Sincere Company, Limited has announced that its board of directors will convene a meeting on 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026 and to authorise their publication. At the sa...
Sincere Co. Shareholders Approve All AGM Resolutions, Renew Capital Mandates
Jun 5, 2026
The Sincere Company, Limited reported that all resolutions put to shareholders at its annual general meeting on 5 June 2026 were approved by poll, with Tricor Investor Services acting as scrutineer and no shareholders required to abstain or voting...
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.