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AEON Stores (Hong Kong) Co., Limited
(0984)
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Rating:46Neutral
Price Target:
HK$0.25
â–¼(-40.24% Downside)
Action:Reiterated
Date:10/28/26
The score is held down primarily by weak financial performance—persistent losses and especially negative shareholders’ equity—despite supportive free cash flow. Technicals are neutral with mixed momentum, and valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Positive cash generation
Consistently positive operating and free cash flow provides an internal source of funding despite reported accounting losses. The 2025 rebound supports near-term liquidity and indicates that working-capital management and cash conversion remain useful operational strengths.
Negative Factors
Strained balance sheet
Negative equity combined with substantial debt materially reduces financial flexibility and leaves the company with an unusually strained capital structure. This can restrict investment capacity, increase dependence on continued cash generation, and make any operating setback more consequential.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Consistently positive operating and free cash flow provides an internal source of funding despite reported accounting losses. The 2025 rebound supports near-term liquidity and indicates that working-capital management and cash conversion remain useful operational strengths.
Read all positive factors
AEON Stores (Hong Kong) Co., Limited (0984) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$59.28M
Dividend Yield5.26%
Average Volume (3M)25.59K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-3.13%
EPS Growth9.97%
CountryHK
Employees4,998
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-1.33
Shares Outstanding260,000,000
10 Day Avg. Volume26,800
30 Day Avg. Volume25,586
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-0.12
Price to Sales (P/S)0.01
P/FCF Ratio0.19
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
AEON Stores (Hong Kong) Co., Limited Business Overview & Revenue Model
Company Description
AEON Stores (Hong Kong) Co., Limited is a prominent retail entity, primarily recognized for its expansive chain of general merchandise stores (GMS). The company provides a comprehensive assortment of products designed to meet diverse customer need...
How the Company Makes Money
The company primarily makes money through retail sales to consumers across its store network. Its core revenue stream is the sale of merchandise, including (i) food and grocery items sold through supermarkets and food halls and (ii) non-food gener...
AEON Stores (Hong Kong) Co., Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
12
Very Negative
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.72B | 7.80B | 8.16B | 8.69B | 9.57B | 9.55B |
| Gross Profit | 420.32M | 574.20M | 2.05B | 675.83M | 805.96M | 684.39M |
| EBITDA | 69.33M | 334.09M | 723.66M | 918.77M | 929.62M | 761.03M |
| Net Income | -345.96M | -324.35M | -338.07M | -188.66M | -219.87M | -469.96M |
Balance Sheet | ||||||
| Total Assets | 4.75B | 4.91B | 5.46B | 5.58B | 6.04B | 7.45B |
| Cash, Cash Equivalents and Short-Term Investments | 629.32M | 621.49M | 830.58M | 1.15B | 1.43B | 1.84B |
| Total Debt | 3.77B | 3.56B | 3.69B | 3.21B | 3.48B | 4.37B |
| Total Liabilities | 6.00B | 5.70B | 5.89B | 5.67B | 5.94B | 7.13B |
| Stockholders Equity | -1.25B | -856.38M | -529.59M | -197.74M | -274.00K | 203.44M |
Cash Flow | ||||||
| Free Cash Flow | 420.17M | 538.26M | 367.28M | 833.49M | 772.17M | 853.90M |
| Operating Cash Flow | 571.99M | 719.59M | 523.72M | 948.36M | 866.80M | 1.02B |
| Investing Cash Flow | -197.42M | -51.90M | -48.52M | -260.42M | -127.29M | -7.24M |
| Financing Cash Flow | -486.27M | -782.95M | -749.84M | -1.04B | -1.08B | -1.04B |
AEON Stores (Hong Kong) Co., Limited Technical Analysis
Negative
0.41
Price Trends
0.25
Negative
0.24
Negative
0.29
Negative
Market Momentum
>-0.01
Positive
41.06
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0984, the sentiment is Negative. The current price of 0.41 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.25, and above the 200-day MA of 0.29, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0984.
AEON Stores (Hong Kong) Co., Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$3.62B | -13.40 | -1.66% | 7.86% | -1.82% | 67.15% | |
46 Neutral | HK$59.28M | -0.17 | 32.83% | 5.26% | -3.13% | 9.97% | |
46 Neutral | HK$418.16M | -0.54 | -23.92% | 7.70% | -10.14% | -3168.67% | |
45 Neutral | HK$350.67M | -0.67 | 191.09% | 4.15% | -5.81% | -28.31% | |
45 Neutral | HK$10.54B | -35.52 | -1.42% | 15.38% | -9.68% | -180.35% |
* Consumer Cyclical Sector Average
HK:0984
AEON Stores (Hong Kong) Co., Limited
0.23
-0.18
-44.39%
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Wing On Co. International Ltd.
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0.27
2.17%
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New World Department Store China Limited
0.25
-0.06
-18.69%
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Jiangsu Horizon Chain Supermarket Company Limited Class H
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-2.62
-77.74%
AEON Stores (Hong Kong) Co., Limited Corporate Events
AEON Stores Extends Key Guangzhou Retail Lease in Discloseable Transaction
Oct 27, 2026
AEON Stores (Hong Kong) Co., Limited has secured a new lease agreement through its wholly owned subsidiary AEON GD for Shop B124A in Tianhe Link Plaza, Guangzhou, extending its occupancy of the premises from September 3, 2029, to April 8, 2033. Th...
AEON Stores Seeks Higher Caps on Commission Payments to AEON Credit
Oct 16, 2026
AEON Stores (Hong Kong) Co., Limited plans to raise the annual caps on commission payments under its renewed three-year agreement with AEON Credit, after determining that original limits will be insufficient. The move reflects stronger-than-expect...
AEON Stores Sets New Connected Transactions Framework for Dali Mall Operations
Oct 12, 2026
AEON Stores (Hong Kong) Co., Limited, through its wholly owned subsidiary AEON GD, is a retail operator leveraging long-term leases in large malls such as Dali Mall to support its store network and customer-facing operations. The company coordinat...
AEON Stores Calls Extraordinary Meeting to Approve New Lease
Oct 9, 2026
AEON Stores (Hong Kong) Co., Limited has called an extraordinary general meeting for 29 October 2026 in Tsuen Wan, Hong Kong to seek shareholder approval of a new lease arrangement and related transactions. The board is asking shareholders to rati...
AEON Stores Calls EGM to Approve Revised Transaction Caps Under GC Master Agreement
Oct 9, 2026
AEON Stores (Hong Kong) Co., Limited has convened an extraordinary general meeting for 29 October 2026 in Tsuen Wan to seek shareholder approval of revised annual caps linked to its GC Master Agreement. The board is asking investors to ratify past...
AEON Stores Delays Circular for Major New Lease Acquisition
Oct 7, 2026
AEON Stores (Hong Kong) Co., Limited, a Hong Kong-listed retail operator serving the local consumer market, is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting standard governance practice...
AEON Stores Wins Strong Shareholder Backing for Key Tenancy Renewal
Sep 29, 2026
AEON Stores (Hong Kong) Co., Limited reported that shareholders overwhelmingly approved a key renewal offer at an extraordinary general meeting held on 29 September 2026. The resolution, which concerned renewing the tenancy of its premises and the...
AEON Stores Wins Shareholder Approval for Revised Connected Transaction Caps
Sep 29, 2026
Independent shareholders of AEON Stores (Hong Kong) Co., Limited approved revised annual caps for continuing connected transactions under the 2026 Master Agreement at an extraordinary general meeting held on 29 September 2026. The ordinary resolut...
AEON Stores Delays Circular on Major New Lease Acquisition
Sep 28, 2026
AEON Stores (Hong Kong) Co., Limited has announced a delay in sending a shareholder circular related to a very substantial acquisition involving a new lease arrangement. The circular, originally scheduled for dispatch by 28 September 2026, will no...
AEON Stores Wins Major Rent Cut on Key Lease
Sep 16, 2026
AEON Stores has secured a substantial rent reduction for its key leased premises in China by entering into a third supplemental agreement with its landlord. The revised terms cut the total rent payable over the remaining lease period from about RM...
AEON Stores Seeks Higher Caps for Gift Certificate Transactions With AEON Credit
Sep 10, 2026
AEON Stores (Hong Kong) Co., Limited plans to revise the annual caps for transactions under its GC Master Agreement with AEON Credit, driven by stronger-than-expected demand for AEON Stores Gift Certificates. The certificates are used by cardholde...
AEON Stores Details Independent Landlord Structure for New Hong Kong Store
Sep 10, 2026
AEON Stores (Hong Kong) Co., Limited, a Hong Kong-listed retailer of general merchandise and consumer goods, continues to build out its store footprint through new tenancy agreements in the city. The company’s board includes executive, non-e...
AEON Stores Calls EGM to Approve Revised Annual Caps Under 2026 Master Agreement
Sep 9, 2026
AEON Stores (Hong Kong) Co., Limited has called an extraordinary general meeting for 29 September 2026 in Tsuen Wan, where shareholders will vote on approving revised annual caps under the 2026 Master Agreement and ratifying related transactions a...
AEON Stores Signs Very Substantial New Lease in Whampoa Garden
Sep 7, 2026
AEON Stores (Hong Kong) Co., Limited, a Hong Kong-listed retailer, operates sizeable store premises in major commercial developments to support its consumer-facing retail business. Its property strategy involves long-term leases for large lettable...
AEON Stores signs HK$7.2 million tenancy for new Mono Mono department store in North Point
Sep 2, 2026
AEON Stores (Hong Kong) Co., Limited has agreed to lease Shop 101 on the first floor of 101 King’s Road, Hong Kong, to operate a new department store under the trade name “Mono Monoものもの.” The tenancy w...
AEON Stores Renews Connected IT Services Pact With AEON Group Unit ADMC
Aug 28, 2026
AEON Stores (Hong Kong) has conditionally renewed its IT master agreement with AEON Co subsidiary ADMC, allowing group members to continue procuring a wide range of IT services, including consultancy, system design, development, maintenance and re...
AEON Stores Widens Interim Loss as Costs Weigh on Flat Revenue
Aug 27, 2026
AEON Stores (Hong Kong) Co., Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue of HK$3.86 billion, slightly down from HK$3.93 billion a year earlier, while cost of goods sold and operating expenses r...
AEON Stores Calls September EGM to Approve Renewal Offer
Aug 24, 2026
AEON Stores (Hong Kong) Co., Limited has called an extraordinary general meeting for 29 September 2026 in Tsuen Wan, where shareholders will vote on approving, confirming and ratifying a proposed Renewal Offer and its related transactions. The res...
AEON Stores Reschedules Extraordinary General Meetings and Adjusts Book Closure Dates
Aug 24, 2026
AEON Stores (Hong Kong) Co., Limited, a listed Hong Kong retailer operating general merchandise and related stores, has announced changes affecting its shareholders’ meeting schedule. The company, traded under stock code 984, remains under t...
AEON Stores Delays Dispatch of Circular on Connected Transactions
Aug 19, 2026
AEON Stores (Hong Kong) Co., Limited has announced a further delay in sending a shareholder circular related to revised annual caps for its continuing connected transactions under the 2026 Master Agreement. The circular, originally expected by 19 ...
AEON Stores Sets Book Closure and EGM Date for Major Transactions
Aug 17, 2026
AEON Stores (Hong Kong) Co., Limited has scheduled extraordinary general meetings for 3 September 2026 in Tsuen Wan, Hong Kong, to consider matters including revised annual caps for continuing connected transactions and a very substantial acquisit...
AEON Stores Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 17, 2026
AEON Stores (Hong Kong) Co., Limited has scheduled a board meeting for 27 August 2026 to approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend, a decision that ...
AEON Stores Secures Major Lease Renewal for Key Hong Kong Retail Premises
Aug 14, 2026
AEON Stores (Hong Kong) Co., Limited has secured a renewal offer to extend the lease of its retail premises and the licence for associated car parking spaces in Hong Kong for five years from 5 September 2026 to 4 September 2031. These facilities h...
AEON Stores to Sell Minor AEON Credit Stake in Connected Transaction
Aug 12, 2026
AEON Stores (Hong Kong) Co., Limited has agreed to dispose of 683,500 shares in AEON Credit, representing about 0.16% of AEON Credit’s issued share capital, for HK$6,035,305 at HK$8.83 per share, equal to the latest closing market price. The...
AEON Stores Delays Circular on Revised Connected Transaction Caps
Aug 10, 2026
AEON Stores (Hong Kong) Co., Limited, a Hong Kong-listed retail operator under the AEON group, runs department stores and supermarkets that provide a broad range of consumer goods to local customers. The company leverages its market presence in Ho...
AEON Stores Clarifies Landlord Ownership in PRC Lease Deal
Aug 4, 2026
AEON Stores (Hong Kong) Co., Limited has issued a supplemental announcement clarifying the ownership structure of the landlord involved in a previously disclosed supplemental lease agreement in the PRC. The landlord is fully owned by Guangdong Gua...
AEON Stores Revises Foshan Lease, Cutting Costs and Extending Term
Jul 28, 2026
AEON Stores (Hong Kong) Co., Limited has announced that its wholly owned subsidiary AEON GD has entered into a supplemental lease agreement with the landlord of its Foshan retail premises, extending the fixed lease term and reducing the monthly re...
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.