Integrated Waste Solutions Group Holdings Limited (0923) AI Stock Analysis

• Market Cap: HK$101.28M
• Dividend Yield: N/A
• Average Volume (3M): 7.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.98
• Revenue Growth: 5.60%
• EPS Growth: -658.21%
• Country: HK
• Employees: 106
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): -0.10
• Shares Outstanding: 4,823,009,000
• 10 Day Avg. Volume: 11,014,200
• 30 Day Avg. Volume: 7,009,200
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score of 44 reflects significant financial challenges, particularly in profitability and cash flow generation. While technical indicators show some positive momentum, the negative P/E ratio and lack of dividend yield highlight valuation concerns. The company's conservative leverage position is a minor positive, but overall, the stock faces substantial headwinds.

Integrated Waste Solutions Group Holdings Limited Business Overview & Revenue Model

Company Description

Integrated Waste Solutions Group Holdings Limited, an investment holding company, provides solid waste management services in Hong Kong. The company operates through four segments: Confidential Materials Destruction Service, Logistics Services, Recovered Paper and Materials, and Tissue Paper Products. It sells recovered paper and materials, and tissue paper products. The company also offers confidential materials destruction; logistics; and waste collection, recycling, and treatment services. In addition, it manufactures plastic products; manufactures and trades in assorted paper products; develops recycling facilities; and provides management services. The company was formerly known as Fook Woo Group Holdings Limited and changed its name to Integrated Waste Solutions Group Holdings Limited in August 2013. Integrated Waste Solutions Group Holdings Limited was founded in 1968 and is headquartered in Tseung Kwan O, Hong Kong. Integrated Waste Solutions Group Holdings Limited is a subsidiary of Chow Tai Fook (Holding) Limited.

How the Company Makes Money

Integrated Waste Solutions generates revenue through several key streams, primarily from waste collection and disposal services billed to clients in various sectors, including residential, commercial, and industrial. The company also earns income from recycling operations, where it processes and sells recyclable materials sourced from waste. Additionally, Integrated Waste Solutions may have revenue partnerships with local governments for municipal waste management contracts, providing a stable income source. Other potential revenue streams could include consultancy services related to waste management and environmental compliance, as well as technology solutions aimed at optimizing waste processing and management.

Integrated Waste Solutions Group Holdings Limited Financial Statement Overview

Summary

Integrated Waste Solutions Group Holdings Limited is facing significant financial challenges, particularly in profitability and cash flow generation. While the balance sheet shows a conservative leverage position, the company struggles with negative returns and cash flow issues. Continued focus on improving operational efficiency and revenue growth is essential to enhance financial stability.

Income Statement

The company has faced significant challenges in maintaining profitability, with negative net profit margins and EBIT margins over the years. Revenue growth has been minimal, indicating stagnation. The gross profit margin has fluctuated, showing some ability to cover costs, but overall profitability remains a concern.

Balance Sheet

The company's debt-to-equity ratio is relatively low, suggesting conservative leverage. However, the return on equity is negative, indicating that the company is not generating sufficient returns on its equity base. The equity ratio is stable, reflecting a solid capital structure despite profitability issues.

Cash Flow

Cash flow metrics indicate struggles with cash generation, as evidenced by negative operating cash flow and free cash flow. The free cash flow to net income ratio is positive, suggesting some efficiency in converting earnings to cash, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	44.24M	45.09M	42.70M	42.34M	42.12M	51.33M
Gross Profit	24.88M	22.93M	25.35M	-532.00K	-487.00K	1.72M
EBITDA	-40.97M	-461.50M	-37.52M	-12.44M	-7.64M	-2.56M
Net Income	-64.65M	-490.14M	-64.73M	-39.80M	-27.58M	-23.89M
Balance Sheet
Total Assets	752.79M	281.57M	771.58M	790.69M	833.03M	862.29M
Cash, Cash Equivalents and Short-Term Investments	51.13M	43.10M	50.68M	74.40M	76.46M	78.33M
Total Debt	50.00M	50.39M	50.39M	392.00K	0.00	72.00K
Total Liabilities	61.68M	61.78M	60.80M	13.57M	13.72M	15.10M
Stockholders Equity	691.32M	220.55M	710.93M	776.98M	818.34M	845.46M
Cash Flow
Free Cash Flow	-21.44M	-23.39M	-24.45M	4.58M	-15.19M	-3.28M
Operating Cash Flow	-20.69M	-23.18M	-19.24M	4.81M	-13.28M	-2.76M
Investing Cash Flow	-48.50M	19.07M	-53.49M	-6.87M	11.48M	-16.64M
Financing Cash Flow	47.20M	-3.48M	49.01M	381.00K	-76.00K	-1.22M

Integrated Waste Solutions Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0923, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.43 is Neutral, neither overbought nor oversold. The STOCH value of 53.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0923.

Integrated Waste Solutions Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8201	60 Neutral	HK$33.48M	-4.88	―	―	2.94%	-56.79%
6812	56 Neutral	HK$107.40M	-9.84	-5.50%	4.06%	1.68%	-200.00%
8320	49 Neutral	HK$76.80M	-7.74	-14.84%	―	-8.52%	-1812.50%
8309	48 Neutral	HK$36.00M	-5.00	-5.48%	―	-33.92%	-144.78%
0646	48 Neutral	HK$61.69M	-1.11	5.34%	―	4.13%	-5.11%
0923	44 Neutral	HK$101.28M	―	-105.24%	―	5.60%	-658.21%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Integrated Waste Solutions Group Holdings Limited Corporate Events

Integrated Waste Solutions Updates Nomination Committee Terms

Integrated Waste Solutions Group Holdings Limited has updated the terms of reference for its Nomination Committee, which is responsible for overseeing board member appointments. The changes include ensuring diversity with at least one member of a different gender and appointing a company secretary as the committee’s secretary. These updates aim to enhance governance and ensure a diverse and independent board, potentially strengthening the company’s market position and stakeholder confidence.

Integrated Waste Solutions Group Passes All Resolutions at AGM

Integrated Waste Solutions Group Holdings Limited announced the successful passing of all resolutions at its annual general meeting held on September 5, 2025. These resolutions included the adoption of financial statements, re-election of directors, appointment of auditors, and granting of mandates to the board for share transactions. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic growth.

Integrated Waste Solutions Group Secures Unanimous Shareholder Approval at EGM

Integrated Waste Solutions Group Holdings Limited announced that the resolution proposed at its Extraordinary General Meeting on September 5, 2025, was unanimously approved by shareholders. The resolution, which received 100% of the votes in favor, reflects strong shareholder support and may positively impact the company’s strategic initiatives and stakeholder confidence.

Integrated Waste Solutions Announces Lease Surrender Agreement

Integrated Waste Solutions Group Holdings Limited has announced an extraordinary general meeting to approve a significant agreement involving the surrender of a lease in Tseung Kwan O, New Territories. This move, involving a subsidiary and the Hong Kong Science and Technology Parks Corporation, could impact the company’s operational footprint and strategic positioning within the waste management sector.

Integrated Waste Solutions Delays Circular Dispatch for Lease Disposal

Integrated Waste Solutions Group Holdings Limited announced a delay in the dispatch of a circular related to a very substantial disposal concerning the surrender of a lease. The circular, initially expected by August 15, 2025, will now be dispatched by August 20, 2025, due to the need for additional time to finalize certain information. This delay may impact stakeholders’ timelines for reviewing the details of the agreement and the financial implications for the company.

Integrated Waste Solutions Announces EGM for Major Disposal Decision

Integrated Waste Solutions Group Holdings Limited has announced the closure of its register of members in preparation for an extraordinary general meeting (EGM) scheduled for September 5, 2025. This meeting will address the approval of a significant disposal related to the surrender of a lease, potentially impacting the company’s operational strategy and stakeholder interests.

Integrated Waste Solutions Announces AGM and Key Resolutions

Integrated Waste Solutions Group Holdings Limited announced its upcoming Annual General Meeting scheduled for September 5, 2025. Key agenda items include the adoption of financial statements, re-election of directors, and the appointment of KPMG as the auditor. The company also seeks shareholder approval for share repurchase and issuance authorizations, which could impact its market operations and shareholder value.

Integrated Waste Solutions Announces Substantial Lease Surrender

Integrated Waste Solutions Group Holdings Limited has announced a very substantial disposal involving the surrender of a lease agreement by its subsidiary, IWS Promotion, to the Hong Kong Science and Technology Parks Corporation (HKSTP) at zero cost. This move, which requires shareholder approval, is significant under the Listing Rules due to the high applicable percentage ratio. The completion of this agreement is contingent upon meeting certain conditions, and if not fulfilled, the agreement may be voided. Shareholders and investors are advised to exercise caution, as the surrender may impact the company’s operations and financial positioning.

Integrated Waste Solutions Reports Increased Revenue but Substantial Losses for FY2025

Integrated Waste Solutions Group Holdings Limited reported a 5.6% increase in revenue to HK$45.1 million for the year ending March 31, 2025. However, the company experienced a significant increase in losses attributable to equity shareholders, rising by 657.2% to HK$490.1 million, leading the board to decide against recommending any dividend for the year.

Integrated Waste Solutions Expects Significant Loss Increase for FY2025

Integrated Waste Solutions Group Holdings Limited has issued a supplemental announcement regarding a significant increase in expected losses for the fiscal year ending March 2025. The company anticipates a 650% rise in losses compared to the previous year, primarily due to impairment losses on investments in hazardous waste treatment projects and assets at its Hong Kong headquarters. The final financial results are yet to be audited, and stakeholders are advised to exercise caution.