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Applied Development Holdings
(0519)
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Rating:47Neutral
Price Target:
HK$0.15
▼(-2.67% Downside)
Action:Reiterated
Date:06/14/26
The score is held back primarily by weak financial quality—especially consistently negative operating/free cash flow and weak underlying operating profitability—alongside a bearish technical backdrop with the stock trading below major moving averages. A relatively low P/E offers some valuation support but is not enough to offset the cash-flow and trend risks.
Positive Factors
Moderate leverage and balance-sheet flexibility
Net leverage around 0.23 and an improving debt ratio provide durable financial flexibility. A stronger balance sheet reduces refinancing risk, supports working capital needs, and gives management runway to invest in operations or pursue asset actions without immediately diluting shareholders or cutting critical spending.
Negative Factors
Persistent negative operating and free cash flow
Consistent operating and free cash outflows undermine earnings quality and force reliance on financing or asset transactions. Over months to years this increases liquidity and refinancing risk, constrains capex and investment, and can compel dilutive or disruptive funding actions if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage and balance-sheet flexibility
Net leverage around 0.23 and an improving debt ratio provide durable financial flexibility. A stronger balance sheet reduces refinancing risk, supports working capital needs, and gives management runway to invest in operations or pursue asset actions without immediately diluting shareholders or cutting critical spending.
Read all positive factors
Applied Development Holdings (0519) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$449.10M
Dividend YieldN/A
Average Volume (3M)324.01K
Price to Earnings (P/E)9.2
Beta (1Y)1.80
Revenue Growth59.63%
EPS GrowthN/A
CountryHK
Employees56
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.02
Shares Outstanding3,055,105,700
10 Day Avg. Volume193,024
30 Day Avg. Volume324,008
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)0.41
Price to Sales (P/S)9.17
P/FCF Ratio-8.45
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
Applied Development Holdings Business Overview & Revenue Model
Company Description
Headquartered in Hong Kong, Applied Development Holdings Limited operates as an investment holding company with a diversified business scope. The firm is actively involved in real estate ventures, including the development and investment of proper...
How the Company Makes Money
null...
Applied Development Holdings Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.99M | 35.67M | 43.90M | 97.26M | 11.13M | 253.98M |
| Gross Profit | 26.11M | 15.91M | 24.47M | 27.09M | 7.21M | 21.73M |
| EBITDA | -34.59M | 34.00K | -5.00M | 9.19M | -3.64M | 19.84M |
| Net Income | 48.91M | 9.05M | -50.61M | -43.67M | -162.88M | -60.23M |
Balance Sheet | ||||||
| Total Assets | 1.23B | 1.27B | 1.27B | 1.30B | 1.44B | 1.65B |
| Cash, Cash Equivalents and Short-Term Investments | 94.57M | 133.50M | 194.79M | 167.78M | 262.96M | 497.91M |
| Total Debt | 171.10M | 178.19M | 199.99M | 210.12M | 244.22M | 293.25M |
| Total Liabilities | 465.83M | 481.66M | 501.14M | 497.67M | 563.37M | 605.47M |
| Stockholders Equity | 766.57M | 790.74M | 771.68M | 797.46M | 872.99M | 1.05B |
Cash Flow | ||||||
| Free Cash Flow | -41.35M | -38.69M | -7.04M | -38.59M | -58.21M | -91.95M |
| Operating Cash Flow | -36.18M | -33.80M | -6.96M | -38.56M | -56.44M | -91.93M |
| Investing Cash Flow | 52.11M | 74.73M | 15.14M | 25.55M | 94.43M | -123.48M |
| Financing Cash Flow | -8.65M | -21.94M | 26.56M | -33.38M | -48.76M | 10.92M |
Applied Development Holdings Technical Analysis
Neutral
0.15
Price Trends
0.15
Negative
0.15
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
49.26
Neutral
76.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0519, the sentiment is Neutral. The current price of 0.15 is above the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.26 is Neutral, neither overbought nor oversold. The STOCH value of 76.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0519.
Applied Development Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$437.10M | 5.74 | 9.04% | ― | -0.05% | -6.32% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | HK$561.91M | -13.78 | -0.94% | 7.06% | -0.96% | 91.94% | |
53 Neutral | HK$552.33M | -96.00 | -0.09% | 4.17% | -2.16% | 98.09% | |
52 Neutral | HK$314.94M | -11.82 | -1.04% | 1.48% | -1.19% | 51.58% | |
47 Neutral | HK$449.10M | 9.19 | 6.28% | ― | 59.63% | ― | |
44 Neutral | HK$438.22M | 0.28 | 108.51% | 85.37% | -17.31% | 97.25% |
* Real Estate Sector Average
HK:0519
Applied Development Holdings
0.15
0.03
22.50%
HK:0277
Tern Properties Co. Ltd.
1.14
-0.52
-31.36%
HK:0225
Pokfulam Development Co. Ltd.
5.10
-0.08
-1.47%
HK:0089
Tai Sang Land Development Limited
1.92
0.02
1.05%
HK:2165
Ling Yue Services Group Limited
1.53
-0.72
-32.00%
HK:0432
Pacific Century Premium Developments Limited
0.22
0.01
7.50%
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.