Symphony Holdings Limited (1223) AI Stock Analysis

• Market Cap: HK$2.38B
• Dividend Yield: 0.62%
• Average Volume (3M): 940.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: 0.93%
• EPS Growth: 17.34%
• Country: HK
• Employees: 217
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Apparel - Retail
• EPS (TTM): -0.05
• Shares Outstanding: 2,974,225,000
• 10 Day Avg. Volume: 464,157
• 30 Day Avg. Volume: 940,885
• PEG Ratio: -6.92
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.08
• 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: N/A
• Number of Analyst Covering: 0

Symphony Holdings Limited has significant financial struggles, with declining revenues and net losses impacting its stock score. Although technical analysis shows some positive momentum, the weak valuation and liquidity concerns weigh heavily on the overall assessment. Strategic improvements in financial performance are critical to enhance future prospects.

Symphony Holdings Limited Business Overview & Revenue Model

Company Description

Symphony Holdings Limited, an investment holding company, primarily operates as a retailing company. It operates through Branding, Retailing, and Financial Services segments. The company is involved in the retailing and provision of sourcing services for branded apparel, swimwear, and accessories; manufacturing and trading of healthcare products; and development and management of PONY and SKINS trademarks. It also manages and operates outlet malls, duty free shops, and fashion stores; and provides securities brokerage, margin financing, underwriting and placing, financial consulting, and money lending services. In addition, the company offers information, technology, corporate, and portfolio management services; accountancy, legal, secretarial, and cruiser services; and online trading platform support services. Further, it engages in the trading, retailing, and distribution of swimming apparel and accessories; property investment and holding activities; holding of club debentures; sub-licensing of trademark rights; and trading and wholesaling of sportswear. It operates in the People's Republic of China, Hong Kong, other Asian countries, the United States, the United Kingdom, and internationally. The company was formerly known as Liang Shing (Holdings) Limited and changed its name to Symphony Holdings Limited in 1997. Symphony Holdings Limited was incorporated in 1993 and is based in North Point, Hong Kong.

How the Company Makes Money

Symphony Holdings Limited generates its revenue through a multi-faceted approach. The company's retail and sourcing division earns money by operating and managing a variety of retail outlets, including those specializing in sports and leisure apparel. This division also involves sourcing products from manufacturers and distributing them through its retail networks. The branding and licensing sector contributes to the company's revenue by owning and licensing various sporting brands, which allows Symphony Holdings to earn royalties and licensing fees from third-party companies that use these brands. Lastly, Symphony Holdings' financial services sector adds to its revenue streams by offering financial products and services, which may include lending, insurance, and investment services. The company's diverse business model and strategic partnerships in each of these sectors play a crucial role in its ability to generate income.

Symphony Holdings Limited Financial Statement Overview

Summary

Symphony Holdings Limited faces significant financial challenges. The company reports declining revenues and consistent net losses, impacting profitability. The balance sheet shows a cautious but declining equity position, while cash flow volatility and negative free cash flow raise liquidity concerns. Strategic improvements are necessary for revenue growth and operational efficiency.

Income Statement

Symphony Holdings Limited has seen a consistent decline in revenue over recent years, with a notable decrease from 2019 to 2024. The company reported negative net income for most of the periods, indicating struggles in achieving profitability. The gross profit margin remains relatively high, suggesting efficient cost management despite declining revenues. However, the negative EBIT and EBITDA margins highlight operational inefficiencies and challenges in covering operational costs.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, reflecting a balanced approach to leveraging. However, the overall trend shows decreasing stockholders' equity, which may pose a risk to financial stability. The equity ratio indicates a stable but declining ownership stake in assets, which could affect long-term financial health. Despite these challenges, the debt level is being managed without excessive increases, maintaining some financial stability.

Cash Flow

Operating cash flow has shown volatility, with significant fluctuations year-over-year. The free cash flow position has been negative in several periods, indicating cash management issues. The company's inability to generate consistent positive free cash flow to net income ratio signals potential liquidity concerns and constraints in reinvesting for growth without increasing debt levels.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
307.56M	304.73M	279.15M	323.50M	352.16M
	Gross Profit
281.23M	275.60M	156.05M	188.83M	145.93M
	EBIT
86.37M	-40.58M	-76.98M	-8.68M	-82.01M
	EBITDA
63.13M	-22.99M	80.58M	183.25M	-46.19M
	Net Income Common Stockholders
-143.12M	-205.91M	-81.66M	36.50M	-216.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
158.95M	235.62M	228.81M	436.44M	390.30M
	Total Assets
4.42B	4.88B	5.14B	5.77B	5.32B
	Total Debt
1.39B	1.58B	1.63B	1.83B	1.81B
	Net Debt
1.31B	1.44B	1.53B	1.66B	1.53B
	Total Liabilities
2.10B	2.34B	2.29B	2.60B	2.42B
	Stockholders Equity
2.31B	2.53B	2.83B	3.14B	2.89B
Cash Flow		Free Cash Flow
0.00	157.14M	-59.49M	-28.55M	-91.01M
	Operating Cash Flow
0.00	183.35M	16.14M	78.50M	46.48M
	Investing Cash Flow
0.00	-18.02M	32.18M	-95.53M	-132.98M
	Financing Cash Flow
0.00	-136.13M	-153.88M	-33.25M	148.41M

Symphony Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1223, the sentiment is Negative. The current price of 0.81 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.81, and below the 200-day MA of 0.81, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.34 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1223.

Symphony Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$6.92B	11.84	3.00%	3.95%	2.60%	-21.94%
1223	53 Neutral	HK$2.38B	―	-5.91%	0.62%	0.93%	17.34%

Symphony Holdings Limited Corporate Events

Symphony Holdings Announces AGM and Key Resolutions

Symphony Holdings Limited has announced its Annual General Meeting (AGM) to be held on June 20, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of the company’s financial statements for the year ending December 31, 2024, the declaration of a final dividend, the re-election of directors, and the re-appointment of BDO Limited as the auditor. Additionally, the board seeks approval to issue additional shares, not exceeding 20% of the current share capital, which could impact the company’s market strategy and shareholder value.

Symphony Holdings Announces Final Dividend for 2024

Symphony Holdings Limited has announced a final cash dividend of HKD 0.005 per share for the financial year ending December 31, 2024. This announcement highlights the company’s commitment to returning value to its shareholders, with the dividend payment scheduled for September 8, 2025, following shareholder approval in June.

Symphony Holdings Reports Financial Recovery in 2024

Symphony Holdings Limited announced its financial results for the year ending December 31, 2024, showing a slight increase in revenue to approximately HKD307.6 million from the previous year. The company reported a significant improvement in earnings before interest, taxes, depreciation, and amortization, reversing a previous loss to achieve HKD45.6 million. The loss attributable to owners of the company decreased by 30.5% to approximately HKD143.1 million, indicating a positive trend in financial recovery. The board recommended maintaining a final dividend of HKD0.005 per share, reflecting stability in shareholder returns.

Symphony Holdings Announces Board Meeting for Financial Results Approval

Symphony Holdings Limited has announced that its board of directors will meet on March 31, 2025, to approve the release of the company’s final results for the year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

Symphony Holdings Acquires Full Ownership of SYM ITO

Symphony Holdings Limited announced the acquisition of the remaining 15% interest in its non-wholly owned subsidiary, SYM ITO, from ITOCHU for USD600,000. This transaction will make SYM ITO a wholly owned subsidiary of Symphony Holdings, thereby consolidating its control and potentially enhancing its operational efficiency and strategic positioning within the industry.