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Integrated Waste Solutions Group Holdings Limited (0923) AI Stock Analysis
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Integrated Waste Solutions Group Holdings Limited
(HKEX:0923)
The score is driven primarily by weak financial performance—persistent losses, ongoing cash burn, and rising leverage alongside shrinking equity. Technicals add pressure, with the stock trading well below key moving averages and negative MACD. Valuation provides limited support because the company is unprofitable and no dividend yield is available.
Integrated Waste Solutions Group Holdings Limited (0923) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 62.70M
- Dividend Yield
- ―
- Average Volume (3M)
- 3.46M
- Price to Earnings (P/E)
- -0.4
- Beta (1Y)
- 0.04
- Revenue Growth
- -9.12%
- EPS Growth
- 65.45%
- Country
- Hong Kong
- Employees
- 103
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Conglomerates
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, logis...
Integrated Waste Solutions Group Holdings Limited Financial Statement Overview
Summary
Financial performance is weak: revenue is broadly flat with a recent decline (~5% in 2026), the company is loss-making every year with deeply negative margins, and cash flow is generally negative with ongoing free-cash-flow burn. Balance sheet risk is rising as leverage increased sharply and equity has fallen, reducing flexibility.
Income Statement
18Very NegativeBalance Sheet
46NeutralCash Flow
24Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.98M | 40.98M | 45.09M | 42.70M | 42.34M | 42.12M |
| Gross Profit | 14.06M | 9.30M | 22.93M | 25.35M | -532.00K | -487.00K |
| EBITDA | -28.68M | -31.36M | -461.50M | -38.09M | -12.44M | -7.64M |
| Net Income | -169.41M | -169.41M | -490.14M | -64.73M | -39.80M | -27.58M |
Balance Sheet | ||||||
| Total Assets | 112.64M | 112.64M | 281.57M | 771.58M | 790.69M | 833.03M |
| Cash, Cash Equivalents and Short-Term Investments | 16.72M | 16.72M | 43.10M | 50.68M | 74.40M | 76.46M |
| Total Debt | 50.00M | 50.00M | 50.39M | 50.39M | 392.00K | 0 |
| Total Liabilities | 59.11M | 59.11M | 61.78M | 60.80M | 13.57M | 13.72M |
| Stockholders Equity | 54.54M | 54.54M | 220.55M | 710.93M | 776.98M | 818.34M |
Cash Flow | ||||||
| Free Cash Flow | -27.21M | -33.80M | -23.39M | -24.45M | 4.58M | -15.19M |
| Operating Cash Flow | -27.04M | -33.63M | -23.18M | -19.24M | 4.81M | -13.28M |
| Investing Cash Flow | 659.00K | 10.02M | 19.07M | -53.49M | -6.87M | 11.48M |
| Financing Cash Flow | 0 | -2.77M | -3.48M | 49.01M | 381.00K | -76.00K |
Integrated Waste Solutions Group Holdings Limited Peers Comparison
Overall Rating
HK:133074Outperform
HK:106567Neutral
HK:139767Neutral
HK:398960Neutral
HK:179049Neutral- HK:092340Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1330 | 74Outperform | HKD 12.17B | 15.11 | 8.58% | 5.94% | 17.05% | 8.15% |
| HK:1065 | 67Neutral | HKD 9.35B | 9.81 | 8.40% | 6.54% | 2.19% | 11.28% |
| HK:1397 | 67Neutral | HKD 305.03M | 4.49 | 13.81% | 9.52% | -21.56% | -23.25% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:3989 | 60Neutral | HKD 1.14B | 3.33 | 4.16% | ― | 1.64% | 23.16% |
| HK:1790 | 49Neutral | HKD 575.00M | 11.41 | 3.27% | ― | 4.82% | -24.40% |
| HK:0923 | 40Underperform | HKD 62.70M | -0.37 | -128.44% | ― | -9.12% | 65.45% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0923 | Integrated Waste Solutions Group Holdings Limited | 0.01 | -0.01 | -45.83% | |
| HK:1065 | Tianjin Capital Environmental Protection Group Co Class H | 3.67 | -0.33 | -8.31% | |
| HK:1330 | Dynagreen Environmental Protection Group Co., Ltd. Class H | 6.43 | 1.23 | 23.54% | |
| HK:1397 | Baguio Green Group Ltd | 0.73 | -0.39 | -34.67% | |
| HK:1790 | TIL Enviro Limited | 0.57 | 0.12 | 27.78% | |
| HK:3989 | Capital Environment Holdings Limited | 0.08 | -0.00 | -3.61% |
Integrated Waste Solutions Group Holdings Limited Corporate Events
Integrated Waste Solutions Wins Full Shareholder Backing at AGM
Shareholders of Integrated Waste Solutions Group Holdings Limited approved all resolutions at the annual general meeting held on 4 September 2026, with 100% of poll votes cast in favour on each item. The meeting adopted the audited consolidated finan...
Integrated Waste Solutions Relocates Hong Kong Head Office to Sheung Shui
Integrated Waste Solutions Group Holdings Limited has announced a relocation of its head office and principal place of business in Hong Kong, effective 7 September 2026, to Units B1–B23 G/F, Jumbo Plaza, 6 Choi Fai Street, Sheung Shui, New Terr...
Integrated Waste Solutions Sets Out Board and Committee Structure
Integrated Waste Solutions Group Holdings Limited has detailed the composition of its seven-member board, comprising one executive director serving as chief executive officer, three non-executive directors including the chairman, and three independen...
Integrated Waste Solutions Proposes Reappointment of Auditor at Stable Fee Level
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 non-e...
Integrated Waste Solutions Sets AGM to Approve Governance, Auditor and Capital Mandates
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 corpor...
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.
Date of analysis: Oct 06, 2026