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Courage Investment Group Limited
(1145)
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Rating:49Neutral
Price Target:
HK$0.15
▼(-8.75% Downside)
Action:Reiterated
Date:07/16/26
The score is held back primarily by weak and deteriorating cash generation (negative operating cash flow and deeply negative free cash flow) and inconsistent profitability, despite a very strong, low-leverage balance sheet. Technicals are moderately supportive in the short-to-medium term, but valuation is unattractive due to the very high P/E and no dividend yield provided.
Positive Factors
Conservative balance sheet
Near-zero debt-to-equity and a large equity base provide durable financial resilience. Low leverage reduces bankruptcy and refinancing risk, preserves borrowing capacity, and allows the company to withstand shipping-cycle volatility for months without immediate liquidity pressure.
Negative Factors
Weak cash generation
Negative operating cash flow and deeply negative free cash flow signal poor cash conversion and high cash outflows (capex or working capital). This materially limits internal funding for operations or investment and raises reliance on external financing or equity, a persistent constraint until cash generation recovers.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero debt-to-equity and a large equity base provide durable financial resilience. Low leverage reduces bankruptcy and refinancing risk, preserves borrowing capacity, and allows the company to withstand shipping-cycle volatility for months without immediate liquidity pressure.
Read all positive factors
Courage Investment Group Limited (1145) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$153.68M
Dividend YieldN/A
Average Volume (3M)135.77K
Price to Earnings (P/E)4.9
Beta (1Y)0.12
Revenue Growth177.73%
EPS GrowthN/A
CountryHK
Employees18
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,097,703,600
10 Day Avg. Volume266,300
30 Day Avg. Volume135,766
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)0.39
Price to Sales (P/S)1.23
P/FCF Ratio-3.28
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
Courage Investment Group Limited Business Overview & Revenue Model
Company Description
Courage Investment Group Limited functions as an investment holding entity, offering maritime transportation services across both Hong Kong and Singapore. Its diverse business activities also encompass the merchandising of various products, notabl...
How the Company Makes Money
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Courage Investment Group Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
86
Very Positive
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.19M | 18.63M | 9.18M | 8.51M | 12.37M | 9.74M |
| Gross Profit | 9.85M | 3.92M | 3.14M | 2.29M | 5.37M | 4.81M |
| EBITDA | 9.33M | 3.41M | 2.25M | -1.65M | 5.52M | 4.10M |
| Net Income | 4.04M | -357.53K | 1.71M | -3.97M | 1.12M | 10.49M |
Balance Sheet | ||||||
| Total Assets | 64.69M | 60.91M | 59.81M | 59.03M | 66.45M | 72.45M |
| Cash, Cash Equivalents and Short-Term Investments | 13.64M | 11.22M | 18.94M | 17.85M | 16.08M | 11.45M |
| Total Debt | 128.98K | 219.97K | 9.00K | 864.00K | 2.89M | 9.94M |
| Total Liabilities | 4.13M | 2.33M | 1.00M | 1.94M | 5.32M | 11.00M |
| Stockholders Equity | 60.56M | 58.58M | 58.80M | 57.10M | 61.14M | 61.45M |
Cash Flow | ||||||
| Free Cash Flow | -2.98M | -6.96M | -10.35M | 2.41M | 4.21M | 4.05M |
| Operating Cash Flow | 4.59M | -39.06K | 4.21M | 2.47M | 7.39M | 4.25M |
| Investing Cash Flow | -5.19M | 1.94M | -406.00K | -1.13M | -5.78M | -201.00K |
| Financing Cash Flow | -129.22K | -152.22K | -858.00K | -2.23M | -7.05M | -6.44M |
Courage Investment Group Limited Technical Analysis
Negative
0.16
Price Trends
0.14
Negative
0.14
Negative
0.15
Negative
Market Momentum
>-0.01
Positive
43.77
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1145, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.77 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1145.
Courage Investment Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$264.00M | 10.72 | 6.92% | 12.31% | ― | ― | |
52 Neutral | HK$116.25M | 145.19 | 0.37% | ― | 11.87% | -89.80% | |
49 Neutral | HK$153.68M | 4.92 | 6.78% | ― | 177.73% | ― | |
44 Neutral | HK$52.26M | -1.23 | 328.92% | ― | -8.65% | 18.52% | |
41 Neutral | HK$34.29M | -0.80 | -157.76% | ― | -72.88% | 41.58% |
* Industrials Sector Average
HK:1145
Courage Investment Group Limited
0.14
0.00
0.00%
HK:1549
Ever Harvest Group Holdings Limited
0.07
-0.05
-40.32%
HK:1748
Xin Yuan Enterprises Group Ltd.
1.76
0.00
0.00%
HK:3683
Great Harvest Maeta Holdings Limited
0.04
-0.05
-56.04%
HK:6119
Tian Yuan Group Holdings Ltd.
0.44
-0.06
-12.00%
HK:8020
Unitas Holdings Limited
0.02
>-0.01
-9.09%
Courage Investment Group Limited Corporate Events
Courage Investment Wins Strong Shareholder Backing for All AGM Resolutions
Jun 12, 2026
Courage Investment Group Limited reported that all resolutions at its 12 June 2026 annual general meeting were approved by shareholders via poll, including adoption of the 2025 audited financial statements and re-election of key board members. The...
Courage Investment Calls 2026 AGM and Seeks Share Issuance Mandate Renewal
May 19, 2026
Courage Investment Group Limited has called its annual general meeting for 12 June 2026, to be held in Hong Kong with a video conference link in Singapore. Shareholders will review the 2025 audited financial statements, vote on the re-election of ...
Courage Investment Details Board Structure and Committee Roles
May 8, 2026
Courage Investment Group Limited has updated its board structure, confirming Ms. Liu Sainan as executive chairlady and Mr. Wu Ying Ha as chief executive officer, supported by three independent non-executive directors. The company detailed the comp...
Courage Investment Group Announces Resignation of Executive Director
May 8, 2026
Courage Investment Group Limited, a Bermuda-incorporated investment company listed in Hong Kong and Singapore, operates under a governance structure featuring executive and independent non-executive directors. Its board is currently led by chairla...
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.