Truly International Holdings (0732) AI Stock Analysis

• Market Cap: $3.07B
• Dividend Yield: 10.33%
• Average Volume (3M): 3.70M
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.02
• Revenue Growth: 14.45%
• EPS Growth: 15.04%
• Country: HK
• Employees: 14,840
• Sector: Technology
• Sector Strength: 65
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.04
• Shares Outstanding: 3,161,105,500
• 10 Day Avg. Volume: 2,451,200
• 30 Day Avg. Volume: 3,696,266
• PEG Ratio: 0.85
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Truly International Holdings scores a 61, indicating a moderate outlook. The most significant factor is the company's mixed financial performance, with strong cash flow but declining revenues and profitability. Technical analysis points to a bearish trend with weak momentum. However, the valuation metrics suggest potential value and appeal for income investors due to a low P/E ratio and high dividend yield. Investors should be cautious of the operational challenges and declining equity, while also considering the potential undervaluation and dividend returns.

Truly International Holdings Business Overview & Revenue Model

Company Description

Truly International Holdings Limited (0732) is a Hong Kong-based investment holding company primarily engaged in the manufacture and sale of display products. It operates through various segments, including the manufacture and sale of liquid crystal display (LCD) products, touch panels, electronic consumer products, and other related components and parts. The company provides a wide range of high-quality display solutions for applications across different industries, such as automotive, consumer electronics, and industrial sectors.

How the Company Makes Money

Truly International Holdings generates revenue primarily through the production and sale of its display products, which include LCDs, touch panels, and electronic consumer products. The company's key revenue streams are derived from its diverse customer base across multiple sectors, including automotive and consumer electronics, which demand high-quality display solutions. Additionally, Truly International Holdings benefits from strategic partnerships and collaborations with other tech companies and manufacturers, which enhance its product offerings and market reach. The company's ability to innovate and deliver technologically advanced products also plays a critical role in maintaining its competitive edge and driving its financial performance.

Truly International Holdings Financial Statement Overview

Summary

Truly International Holdings exhibits mixed financial health. The income statement shows declining revenue and profitability challenges, albeit with stable EBITDA margins. The balance sheet reflects moderate leverage and financial stability, but declining equity poses a potential risk. The cash flow statement is a strong point, with substantial operating and free cash flow growth, providing a cushion for the company's financial operations. Overall, the company needs to address declining revenues and profitability to improve its financial standing further.

Income Statement

Truly International Holdings shows a concerning trend with declining revenues over the past years, dropping from 22.5 billion to 17.8 billion between 2019 and 2024. Although there was a small revenue increase from 2023 to 2024, the net profit margin remains low at 1.69% in 2024. The company experienced a negative EBIT margin in 2024, which indicates operational challenges. However, EBITDA margins remain relatively stable, suggesting some resilience in operational cash generation.

Balance Sheet

The balance sheet is relatively stable with a debt-to-equity ratio of 0.73 in 2024, showing a manageable level of leverage. Stockholders' equity has declined slightly, suggesting potential risk. The equity ratio of 37.25% indicates a moderate level of financial stability. However, the declining trend in total assets and equity since 2020 may pose future risks.

Cash Flow

Operating cash flow has increased significantly to over 7.7 billion in 2024, reflecting strong cash generation capabilities. Free cash flow also shows robust growth, indicating efficient capital expenditure management. The free cash flow to net income ratio is high, suggesting that the company's cash flow generation significantly exceeds its net income, which is a positive indicator of financial health.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
17.84B	15.59B	19.29B	22.54B	22.17B
	Gross Profit
1.39B	1.98B	2.28B	3.42B	2.92B
	EBIT
-63.52M	553.54M	478.15M	1.64B	932.86M
	EBITDA
1.97B	2.06B	2.34B	3.04B	2.48B
	Net Income Common Stockholders
302.08M	262.80M	318.23M	1.38B	502.29M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.07B	802.29M	1.70B	1.65B	1.40B
	Total Assets
24.75B	24.51B	26.49B	29.73B	26.54B
	Total Debt
6.70B	6.68B	7.41B	6.79B	6.30B
	Net Debt
5.67B	5.88B	5.71B	5.14B	4.91B
	Total Liabilities
15.40B	14.68B	16.15B	18.07B	16.06B
	Stockholders Equity
9.22B	9.60B	9.99B	11.28B	9.37B
Cash Flow		Free Cash Flow
7.15B	4.77B	3.68B	5.30B	1.23B
	Operating Cash Flow
7.40B	5.28B	4.57B	5.83B	2.29B
	Investing Cash Flow
-1.71B	-825.53M	-1.70B	-1.33B	-1.08B
	Financing Cash Flow
-5.75B	-4.50B	-2.80B	-4.31B	-506.00M

Truly International Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.99
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0732, the sentiment is Neutral. The current price of 0.99 is above the 20-day moving average (MA) of 0.95, below the 50-day MA of 1.07, and below the 200-day MA of 1.07, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 79.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0732.

Truly International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2020	81 Outperform	$262.07B	15.62	28.11%	2.45%	11.51%	47.88%
0669	78 Outperform	$152.58B	17.01	18.52%	2.43%	6.13%	14.88%
2388	78 Outperform	$345.20B	9.03	11.58%	5.48%	8.61%	16.84%
2313	76 Outperform	HK$86.44B	12.77	18.17%	4.04%	12.76%	34.50%
2382	65 Neutral	$71.93B	25.22	11.45%	0.34%	18.80%	142.93%
0732	61 Neutral	$3.07B	10.25	3.20%	10.33%	14.45%	15.04%
Sector *	60 Neutral	$10.96B	10.27	-6.73%	2.97%	7.73%	-11.60%

Truly International Holdings Corporate Events

Truly International Holdings Passes All Resolutions at AGM

Truly International Holdings Limited, a company incorporated in the Cayman Islands, held its Annual General Meeting (AGM) on May 12, 2025, where all proposed resolutions were passed by shareholder vote. Key resolutions included the adoption of the company’s financial statements for 2024, approval of a final dividend, re-election of directors, and the reappointment of Deloitte Touche Tohmatsu as the external auditor. The AGM also granted the board mandates to repurchase and issue shares, reflecting strong shareholder support and potentially impacting the company’s future strategic and financial operations.

Truly International Reports Decline in Turnover for April 2025

Truly International Holdings Limited announced a decrease in its unaudited net consolidated turnover for April 2025, reporting approximately HK$1,451 million, a 5.2% decline from April 2024. The company’s accumulative turnover for the first four months of 2025 also saw a 9.6% decrease compared to the same period in 2024, highlighting potential challenges in maintaining its market position and signaling caution for shareholders and investors.

Truly International Holdings Announces 2025 AGM Agenda

Truly International Holdings Limited has announced its Annual General Meeting (AGM) scheduled for May 12, 2025, in Hong Kong. The meeting’s agenda includes adopting the audited financial statements for 2024, approving a final dividend of 5 HK cents per share, re-electing directors, and re-appointing Deloitte Touche Tohmatsu as external auditor. Additionally, resolutions will be considered to authorize the company’s directors to repurchase shares and issue additional shares.

Truly International Reports Decrease in Q1 2025 Turnover

Truly International Holdings Limited announced that its unaudited net consolidated turnover for March 2025 was approximately HK$1,455 million, reflecting a 3.2% decrease compared to March 2024. The company’s net accumulative consolidated turnover for the first quarter of 2025 was approximately HK$3,801 million, marking an 11.2% decline from the same period in 2024. This decline in turnover may impact the company’s financial performance and market positioning, prompting shareholders and potential investors to exercise caution.

Truly International Holdings Reports Strong 2024 Financial Results

Truly International Holdings Limited reported its annual results for 2024, showing a 14.4% increase in revenue to HK$17.84 billion and a 14.9% rise in profit attributable to owners to HK$302.1 million. Despite a slight decrease in EBITDA by 3.9%, the company maintained its full-year dividend at 10 HK cents per share. These results reflect a solid financial performance with steady dividend payouts, indicating stable shareholder returns and a positive outlook for the company’s market position.

Truly International Holdings Announces Final Dividend for 2024

Truly International Holdings Limited has announced a final ordinary cash dividend of HKD 0.05 per share for the financial year ending December 31, 2024. The dividend will be approved by shareholders on May 12, 2025, with the ex-dividend date set for May 16, 2025, and payment scheduled for May 30, 2025. This announcement reflects the company’s commitment to returning value to its shareholders.

Truly International Secures HK$1 Billion Sustainability-Linked Loan

Truly International Holdings Limited has entered into a HK$1,035,000,000 sustainability-linked term loan facility agreement with several banks, including The Bank of East Asia and OCBC Bank. The agreement includes specific performance covenants related to the company’s chairman, Mr. Lam Wai Wah, whose continued ownership and management control are crucial to avoid default. This financial arrangement underscores the company’s commitment to sustainability and may impact its financial stability and stakeholder confidence.

Truly International Holdings Schedules Board Meeting for Annual Results

Truly International Holdings Limited has announced that its Board of Directors will hold a meeting on March 26, 2025, to review and approve the annual results for the year ending December 31, 2024. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market position and stakeholder interests.

Truly International Reports Mixed Turnover Results for Early 2025

Truly International Holdings Limited reported an unaudited net consolidated turnover of approximately HK$1,296 million for February 2025, marking a 13.5% increase from February 2024. However, the company’s accumulative turnover for the first two months of 2025 decreased by 15.6% compared to the same period in 2024, highlighting a mixed performance that stakeholders should consider when evaluating the company’s financial health.