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Integrated Waste Solutions Group Holdings Limited
(0923)
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Rating:42Neutral
Price Target:
HK$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:07/29/26
The score is held down primarily by weak financial performance: persistent net losses, generally negative operating/free cash flow, and rising leverage alongside shrinking equity. Technicals add pressure with the share price below all major moving averages. Valuation provides little support because losses (negative P/E) and the absence of a dividend make it hard to justify attractiveness on traditional valuation metrics.
Positive Factors
Asset Coverage
Assets exceeding debt provide some protection against balance-sheet distress and indicate that liabilities are not currently larger than the asset base. However, this cushion is weakening as leverage rises and equity declines.
Negative Factors
Persistent Losses
Recurring annual losses demonstrate that the business model is not currently producing sustainable earnings. Persistent negative margins weaken retained capital, reduce financial flexibility, and make future investment or funding more dependent on external sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset Coverage
Assets exceeding debt provide some protection against balance-sheet distress and indicate that liabilities are not currently larger than the asset base. However, this cushion is weakening as leverage rises and equity declines.
Read all positive factors
Integrated Waste Solutions Group Holdings Limited (0923) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$81.99M
Dividend YieldN/A
Average Volume (3M)2.38M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth-9.12%
EPS Growth65.45%
CountryHK
Employees103
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-0.04
Shares Outstanding4,823,009,000
10 Day Avg. Volume3,338,200
30 Day Avg. Volume2,375,333
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.68
Price to Sales (P/S)2.24
P/FCF Ratio-2.71
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
Integrated Waste Solutions Group Holdings Limited Business Overview & Revenue Model
Company Description
Integrated Waste Solutions Group Holdings Limited, an investment holding firm, delivers comprehensive solid waste management solutions across Hong Kong. The company's operations are divided into four main segments: secure materials destruction, lo...
Integrated Waste Solutions Group Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.98M | 45.09M | 42.70M | 42.34M | 42.12M |
| Gross Profit | 9.30M | 22.93M | 25.35M | -532.00K | -487.00K |
| EBITDA | -31.36M | -461.50M | -38.09M | -12.44M | -7.64M |
| Net Income | -169.41M | -490.14M | -64.73M | -39.80M | -27.58M |
Balance Sheet | |||||
| Total Assets | 112.64M | 281.57M | 771.58M | 790.69M | 833.03M |
| Cash, Cash Equivalents and Short-Term Investments | 16.72M | 43.10M | 50.68M | 74.40M | 76.46M |
| Total Debt | 50.00M | 50.39M | 50.39M | 392.00K | 0.00 |
| Total Liabilities | 59.11M | 61.78M | 60.80M | 13.57M | 13.72M |
| Stockholders Equity | 54.54M | 220.55M | 710.93M | 776.98M | 818.34M |
Cash Flow | |||||
| Free Cash Flow | -33.80M | -23.39M | -24.45M | 4.58M | -15.19M |
| Operating Cash Flow | -33.63M | -23.18M | -19.24M | 4.81M | -13.28M |
| Investing Cash Flow | 10.02M | 19.07M | -53.49M | -6.87M | 11.48M |
| Financing Cash Flow | -2.77M | -3.48M | 49.01M | 381.00K | -76.00K |
Integrated Waste Solutions Group Holdings Limited Technical Analysis
Neutral
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
<0.01
Positive
50.00
Neutral
166.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0923, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 166.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0923.
Integrated Waste Solutions Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$9.33B | 9.84 | 8.50% | 6.45% | 4.28% | 6.05% | |
70 Outperform | HK$11.94B | 15.42 | 8.50% | 6.00% | 12.74% | 11.38% | |
67 Neutral | HK$311.25M | 4.58 | 13.81% | 9.33% | -21.56% | -23.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$470.00M | 10.52 | 3.27% | 7.94% | 4.82% | -24.40% | |
45 Neutral | HK$1.14B | 3.39 | 4.16% | 7.69% | 1.64% | 23.16% | |
42 Neutral | HK$81.99M | -0.48 | -128.44% | ― | -9.12% | 65.45% |
* Industrials Sector Average
HK:0923
Integrated Waste Solutions Group Holdings Limited
0.02
<0.01
13.33%
HK:1065
Tianjin Capital Environmental Protection Group Co
3.72
0.11
3.02%
HK:1330
Dynagreen Environmental Protection Group Co., Ltd. Class H
6.05
1.11
22.54%
HK:1397
Baguio Green Group Ltd
0.75
-0.35
-31.57%
HK:1790
TIL Enviro Limited
0.47
0.02
4.44%
HK:3989
Capital Environment Holdings Limited
0.08
>-0.01
-9.09%
Integrated Waste Solutions Group Holdings Limited Corporate Events
Integrated Waste Solutions Proposes Reappointment of Auditor at Stable Fee Level
Aug 7, 2026
Integrated Waste Solutions Group Holdings Limited, a Hong Kong-listed environmental services provider, positions itself in the integrated waste management sector with a governance structure that includes executive, non-executive and independent no...
Integrated Waste Solutions Sets AGM to Approve Governance, Auditor and Capital Mandates
Jul 28, 2026
Integrated Waste Solutions Group Holdings Limited has called an electronic annual general meeting for 4 September 2026 to receive and adopt its audited consolidated financial statements for the year ended 31 March 2026, and to consider routine cor...
Integrated Waste Solutions Announces CEO Transition and Leadership Re-Designation
Jul 2, 2026
Integrated Waste Solutions Group Holdings Limited has announced a leadership transition effective 1 September 2026, with long-serving executive director and chief executive officer Mr. Lam King Sang retiring from all his roles in the group to devo...
Integrated Waste Solutions Narrows Annual Loss Despite Revenue Decline
Jun 26, 2026
Integrated Waste Solutions Group Holdings reported revenue of HK$41.0 million for the year ended 31 March 2026, down 9.1%, with gross profit margin narrowing from 50.9% to 45.9% and no dividend proposed. Despite the weaker top line, the company...
Integrated Waste Solutions Sets Board Meeting to Approve Annual Results and Consider Dividend
Jun 15, 2026
Integrated Waste Solutions Group Holdings Limited has scheduled a board meeting for 26 June 2026 to review and approve the consolidated annual results for the financial year ended 31 March 2026. The board will also consider whether to recommend a ...
Integrated Waste Solutions flags sharply narrower annual loss on lower impairments
Jun 4, 2026
Integrated Waste Solutions Group Holdings expects a substantial narrowing of its annual loss for the year ended 31 March 2026, projecting a reduction of about 64% to 66% from the HK$490.1 million loss recorded a year earlier. The improvement stems...
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.