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Veson Holdings Limited
(1399)
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Rating:44Neutral
Price Target:
HK$0.35
▲(83.68% Upside)
Action:Reiterated
Date:07/10/26
The score is held down primarily by financial performance—sharp leverage increase and negative 2025 free cash flow outweigh the revenue rebound and small return to profit. Technicals are broadly neutral with mixed short-term vs longer-term trend signals. Valuation is reasonable on a ~11.8 P/E, providing some support but not enough to offset balance-sheet and cash-flow risk.
Positive Factors
Revenue Rebound
The 2025 revenue rebound shows that the business can regain demand after a period of contraction. If this recovery persists, a larger revenue base could improve operating leverage, support investment, and provide a foundation for more durable earnings over the next several quarters.
Negative Factors
Sharp Leverage Increase
The sharp increase in debt without a comparable rise in equity materially raises balance-sheet risk. Higher leverage can limit financial flexibility, increase sensitivity to earnings weakness, and constrain the company’s ability to fund growth or absorb further operating volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The 2025 revenue rebound shows that the business can regain demand after a period of contraction. If this recovery persists, a larger revenue base could improve operating leverage, support investment, and provide a foundation for more durable earnings over the next several quarters.
Read all positive factors
Veson Holdings Limited (1399) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$397.85M
Dividend Yield1.27%
Average Volume (3M)117.13K
Price to Earnings (P/E)6.3
Beta (1Y)0.01
Revenue Growth9.75%
EPS GrowthN/A
CountryHK
Employees2,415
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,090,001,200
10 Day Avg. Volume54,200
30 Day Avg. Volume117,133
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.17
Price to Sales (P/S)0.04
P/FCF Ratio-6.95
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
Veson Holdings Limited Business Overview & Revenue Model
Company Description
Veson Holdings Limited, an investment holding company founded in 1997 and headquartered in Causeway Bay, Hong Kong, was formerly known as SCUD Group Limited until its rebranding in November 2020. The company primarily operates within the People's ...
Veson Holdings Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
38
Negative
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.61B | 5.23B | 5.34B | 6.15B | 6.36B | 7.09B |
| Gross Profit | 392.03M | 389.58M | 370.36M | 418.78M | 452.96M | 512.76M |
| EBITDA | 213.67M | 182.41M | 163.99M | 205.60M | 192.18M | 214.32M |
| Net Income | 57.36M | 21.54M | -11.98M | 20.11M | 24.04M | 42.18M |
Balance Sheet | ||||||
| Total Assets | 4.41B | 4.38B | 4.37B | 4.87B | 5.04B | 5.58B |
| Cash, Cash Equivalents and Short-Term Investments | 686.92M | 821.92M | 332.96M | 133.82M | 200.94M | 226.69M |
| Total Debt | 2.41B | 2.43B | 1.23B | 1.31B | 1.20B | 1.20B |
| Total Liabilities | 3.28B | 3.27B | 3.28B | 3.78B | 3.97B | 4.52B |
| Stockholders Equity | 1.12B | 1.10B | 1.07B | 1.09B | 1.07B | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | -1.09M | -26.49M | 221.45M | -130.50M | -251.24M | -5.83M |
| Operating Cash Flow | 84.36M | 43.72M | 256.00M | -102.10M | -177.85M | 152.87M |
| Investing Cash Flow | -69.10M | -64.97M | 89.23M | -11.66M | 224.81M | -392.91M |
| Financing Cash Flow | 23.00M | -88.34M | -140.59M | 42.05M | -58.82M | 252.22M |
Veson Holdings Limited Technical Analysis
Neutral
0.19
Price Trends
0.37
Negative
0.36
Positive
0.28
Positive
Market Momentum
<0.01
Negative
49.05
Neutral
53.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1399, the sentiment is Neutral. The current price of 0.19 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.37, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.05 is Neutral, neither overbought nor oversold. The STOCH value of 53.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1399.
Veson Holdings 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% | |
51 Neutral | HK$30.45B | 16.28 | 4.38% | ― | 79.77% | 149.08% | |
44 Neutral | HK$397.85M | 6.34 | 5.17% | 1.27% | 9.75% | ― | |
44 Neutral | HK$353.49M | -3.42 | -11.50% | ― | -7.44% | 56.28% | |
44 Neutral | HK$1.30B | -9.23 | -2.78% | 2.01% | -44.15% | -130.35% | |
41 Neutral | HK$340.36M | -1.19 | -18.87% | 2.55% | -8.00% | -254.95% | |
41 Neutral | HK$101.46M | -2.53 | -6.77% | 7.69% | 11.05% | 20.00% |
* Industrials Sector Average
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Veson Holdings Limited Corporate Events
Veson Holdings Swings to Profit on Double-Digit Revenue Growth in First Half 2026
Aug 31, 2026
Veson Holdings Limited reported a strong turnaround in its unaudited interim results for the six months ended 30 June 2026, posting a profit of RMB20.3 million compared with a loss of RMB18.9 million a year earlier. Turnover rose 16.1% to RMB2.76 ...
Veson Holdings Signals Interim Profit Turnaround on ODM Growth
Aug 25, 2026
Veson Holdings Limited has issued a positive profit alert, indicating that it expects to report a profit of about RMB20.3 million for the six months ended 30 June 2026, with approximately RMB21.3 million attributable to shareholders, compared with...
Veson Holdings Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 13, 2026
Veson Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026, and to consider the declaration of an interim dividend. The meeting will also address any othe...
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.