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Yip's Chemical Holdings
(0408)
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Rating:63Neutral
Price Target:
HK$2.50
▼(-6.02% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by middling financial performance—persistent revenue pressure and weakened operating profitability offset by improved deleveraging and generally positive (but volatile) cash generation. Valuation helps (moderate P/E and strong dividend yield), while technicals are positive but appear overextended, limiting the overall rating.
Positive Factors
Improved leverage / stronger balance sheet
Material deleveraging to ~0.32 D/E versus ~0.60 in 2021 strengthens financial flexibility. Lower leverage and rising equity provide a larger capital cushion, reducing refinancing risk and enabling strategic capex or M&A without stressing liquidity over the next several quarters.
Negative Factors
Persistent revenue decline
Multi-year revenue decline (negative growth into 2025) suggests structural demand or competitive pressure issues. Sustained top-line weakness limits operating leverage, constrains margin expansion potential, and reduces the base for future scale-driven profitability improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage / stronger balance sheet
Material deleveraging to ~0.32 D/E versus ~0.60 in 2021 strengthens financial flexibility. Lower leverage and rising equity provide a larger capital cushion, reducing refinancing risk and enabling strategic capex or M&A without stressing liquidity over the next several quarters.
Read all positive factors
Yip's Chemical Holdings (0408) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.50B
Dividend Yield6%
Average Volume (3M)161.50K
Price to Earnings (P/E)7.0
Beta (1Y)0.44
Revenue Growth6.66%
EPS Growth65.39%
CountryHK
Employees2,217
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.38
Shares Outstanding562,714,100
10 Day Avg. Volume165,012
30 Day Avg. Volume161,504
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.27
Price to Sales (P/S)0.36
P/FCF Ratio14.20
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
Yip's Chemical Holdings Business Overview & Revenue Model
Company Description
Yip's Chemical Holdings Limited operates as an investment holding company, engaging in the manufacturing and worldwide distribution of petrochemical products across mainland China, Hong Kong, and other international regions. Its operations are org...
How the Company Makes Money
Yip's Chemical Holdings makes money primarily by selling chemical products to industrial and commercial customers. Key revenue streams typically include: (1) manufacturing revenue, earned from producing chemical products and selling them either di...
Yip's Chemical Holdings Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.24B | 2.99B | 3.16B | 3.22B | 3.36B | 3.99B |
| Gross Profit | 854.87M | 759.15M | 743.65M | 782.27M | 717.73M | 832.83M |
| EBITDA | 164.94M | 182.91M | 117.19M | 122.20M | 56.29M | 30.35M |
| Net Income | 212.42M | 137.41M | 96.88M | 86.62M | 1.22B | 406.28M |
Balance Sheet | ||||||
| Total Assets | 7.01B | 6.84B | 6.08B | 6.42B | 8.01B | 10.42B |
| Cash, Cash Equivalents and Short-Term Investments | 515.82M | 782.80M | 594.38M | 854.25M | 1.09B | 783.35M |
| Total Debt | 1.34B | 1.28B | 1.24B | 1.44B | 2.22B | 2.28B |
| Total Liabilities | 2.63B | 2.68B | 2.26B | 2.50B | 3.55B | 5.69B |
| Stockholders Equity | 4.24B | 4.02B | 3.79B | 3.93B | 4.41B | 3.80B |
Cash Flow | ||||||
| Free Cash Flow | 143.51M | 75.11M | 46.34M | 204.68M | 186.57M | -254.15M |
| Operating Cash Flow | 184.71M | 123.47M | 86.55M | 236.54M | 373.01M | 266.37M |
| Investing Cash Flow | -238.01M | 50.32M | 226.06M | 655.38M | 77.53M | -316.56M |
| Financing Cash Flow | 122.80M | -73.91M | -319.25M | -1.34B | -147.38M | 230.99M |
Yip's Chemical Holdings Technical Analysis
Positive
2.66
Price Trends
2.46
Positive
2.34
Positive
2.12
Positive
Market Momentum
0.04
Positive
64.10
Neutral
75.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0408, the sentiment is Positive. The current price of 2.66 is above the 20-day moving average (MA) of 2.61, above the 50-day MA of 2.46, and above the 200-day MA of 2.12, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 64.10 is Neutral, neither overbought nor oversold. The STOCH value of 75.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0408.
Yip's Chemical Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | HK$1.50B | 7.01 | 5.15% | 7.43% | 6.66% | 65.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$12.04B | 0.29 | 5.20% | 7.31% | 1.18% | 1119.31% | |
57 Neutral | HK$10.21B | -21.59 | -3.56% | 3.41% | 13.49% | -34.73% | |
49 Neutral | HK$3.27B | -2.68 | -51.09% | 1.64% | 11.19% | -3035.78% | |
49 Neutral | HK$1.00B | 21.75 | 2.33% | 3.05% | -4.75% | ― | |
39 Underperform | HK$3.27B | -177.83 | -8.09% | 2.18% | 3.15% | 50.74% |
* Basic Materials Sector Average
HK:0408
Yip's Chemical Holdings
2.67
0.95
55.21%
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Huabao International Holdings
3.24
-1.09
-25.25%
HK:3318
China Boton Group Co., Ltd.
3.07
1.12
57.18%
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Fufeng Group Limited
4.71
-4.18
-47.04%
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SANVO Fine Chemicals Group Limited
6.99
5.66
425.19%
HK:2502
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H
0.60
0.18
42.86%
Yip's Chemical Holdings Corporate Events
Yip’s Chemical Sets Board Meeting to Approve Interim Results and Potential Dividend
Aug 6, 2026
Yip’s Chemical Holdings has scheduled a board meeting for 20 August 2026 to review and approve the interim results for the six months ended 30 June 2026, and to decide on the potential declaration of dividends. The forthcoming decision on in...
Yip’s Chemical Signals Profit Surge on Solvents, Inks and New Acquisition
Jul 20, 2026
Yip’s Chemical Holdings has issued a positive profit alert, indicating that unaudited net profit for the six months ended 30 June 2026 is expected to rise by at least 110% to no less than HK$138.6 million, compared with HK$66 million a year ...
Yip’s Chemical Wins Strong Shareholder Backing at 2026 AGM
Jun 4, 2026
Shareholders of Yip’s Chemical Holdings overwhelmingly approved all resolutions at the annual general meeting held on 4 June 2026, including the adoption of the 2025 audited financial statements and a final dividend of HK12 cents per share. ...
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.