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Travel Expert (Asia) Enterprises Limited
(1235)
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Rating:64Neutral
Price Target:
HK$0.20
▲(1.50% Upside)
Action:Reiterated
Date:07/27/26
The score is primarily driven by improving fundamentals (revenue rebound, positive net income, and a conservative balance sheet), offset by a meaningful 2026 deterioration in operating margins and a sharp free-cash-flow decline. Valuation is supportive due to the solid dividend yield and reasonable P/E, while technicals are mixed with short-term weakness but a slightly better longer-term trend.
Positive Factors
Revenue Recovery
A clear revenue rebound in 2026 signals recovering end-market demand and improving top-line momentum versus the post‑pandemic trough. Sustained revenue growth provides a base for scaling fixed costs, supports future margin recovery, and underpins longer-term earnings stability if demand persists.
Negative Factors
Operating Margin Weakness
An EBIT margin close to zero undermines the company's ability to convert higher revenues into sustainable profits. If structural cost pressures or pricing constraints persist, low operating margins will limit free cash flow expansion and make earnings vulnerable to revenue swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A clear revenue rebound in 2026 signals recovering end-market demand and improving top-line momentum versus the post‑pandemic trough. Sustained revenue growth provides a base for scaling fixed costs, supports future margin recovery, and underpins longer-term earnings stability if demand persists.
Read all positive factors
Travel Expert (Asia) Enterprises Limited (1235) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$97.89M
Dividend Yield5.21%
Average Volume (3M)8.67K
Price to Earnings (P/E)16.9
Beta (1Y)0.22
Revenue Growth40.65%
EPS Growth78.79%
CountryHK
Employees182
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding509,859,000
10 Day Avg. Volume0
30 Day Avg. Volume8,666
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.31
Price to Sales (P/S)0.25
P/FCF Ratio5.67
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
Travel Expert (Asia) Enterprises Limited Business Overview & Revenue Model
Company Description
Travel Expert (Asia) Enterprises Limited operates as an investment holding firm, delivering comprehensive travel agency services within both Hong Kong and the People's Republic of China. The company's operations are divided into distinct areas: tr...
How the Company Makes Money
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Travel Expert (Asia) Enterprises Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 359.00M | 255.24M | 162.21M | 40.27M | 10.28M |
| Gross Profit | 89.73M | 86.00M | 67.82M | 19.72M | 5.27M |
| EBITDA | 9.64M | 14.41M | 13.94M | 1.48M | -16.44M |
| Net Income | 6.04M | 3.37M | 9.03M | -2.20M | -17.92M |
Balance Sheet | |||||
| Total Assets | 165.22M | 161.85M | 153.22M | 105.36M | 89.99M |
| Cash, Cash Equivalents and Short-Term Investments | 113.32M | 90.65M | 85.17M | 85.16M | 75.86M |
| Total Debt | 6.98M | 10.72M | 14.68M | 7.49M | 9.61M |
| Total Liabilities | 98.10M | 96.68M | 84.46M | 45.77M | 28.83M |
| Stockholders Equity | 67.12M | 65.00M | 68.59M | 59.42M | 60.98M |
Cash Flow | |||||
| Free Cash Flow | 15.55M | 17.61M | 24.25M | 16.43M | -9.84M |
| Operating Cash Flow | 18.23M | 20.17M | 27.65M | 18.61M | -6.94M |
| Investing Cash Flow | -3.56M | 36.45M | -21.61M | -22.66M | 19.94M |
| Financing Cash Flow | -11.78M | -15.54M | -7.78M | -4.89M | -8.46M |
Travel Expert (Asia) Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$123.00M | 1.45 | 6.23% | ― | 20.09% | -36.08% | |
66 Neutral | HK$27.10B | 9.03 | 10.78% | 2.26% | 15.13% | 1.87% | |
64 Neutral | HK$97.89M | 16.86 | 9.46% | 5.21% | 40.65% | 78.79% | |
63 Neutral | HK$210.59B | 5.64 | 19.31% | 0.72% | 19.46% | 87.43% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$315.30M | 52.59 | 3.22% | 0.11% | -15.91% | -81.75% | |
55 Neutral | HK$14.70M | -1.22 | -22.50% | 0.32% | -16.86% | -764.12% |
* Consumer Cyclical Sector Average
HK:1235
Travel Expert (Asia) Enterprises Limited
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Travel Expert (Asia) Enterprises Limited Corporate Events
Travel Expert Sets August AGM to Approve Dividend, Board Mandates and Share Capital Flexibility
Jul 23, 2026
Travel Expert (Asia) Enterprises Limited has called its annual general meeting for 18 August 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 March 2026 and vote on a proposed final dividend ...
Travel Expert declares final dividend for year ended March 2026
Jul 2, 2026
Travel Expert (Asia) Enterprises Limited has declared a final ordinary cash dividend of HKD 0.01 per share for the financial year ended 31 March 2026. The dividend, subject to shareholder approval on 18 August 2026, will be paid in Hong Kong dolla...
Travel Expert (Asia) Posts Higher Profit and Dividend as Revenue Jumps
Jun 30, 2026
Travel Expert (Asia) Enterprises Limited reported a solid improvement in its financial performance for the year ended 31 March 2026, with total customer sales proceeds from continuing operations rising 15.3% to HK$664.7 million and revenue jumping...
Travel Expert Sets June Board Meeting to Approve 2026 Final Results and Consider Dividend
Jun 17, 2026
Travel Expert (Asia) Enterprises Limited has scheduled a board meeting for 30 June 2026 to approve the final results of the company and its subsidiaries for the financial year ended 31 March 2026 and to authorize their publication. The board will ...
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.