Cirtek Holdings Limited (1433) AI Stock Analysis

• Market Cap: HK$186.00M
• Dividend Yield: 8.06%
• Average Volume (3M): 1.29M
• Price to Earnings (P/E): 3.4
• Beta (1Y): 0.54
• Revenue Growth: 14.30%
• EPS Growth: 125.41%
• Country: HK
• Employees: 1,424
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.01
• Shares Outstanding: 2,000,000,000
• 10 Day Avg. Volume: 396,000
• 30 Day Avg. Volume: 1,291,333
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 1.61
• 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

• Rating: 64 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Cirtek Holdings Limited's overall stock score is driven by its strong valuation, with a low P/E ratio and high dividend yield suggesting potential undervaluation. However, bearish technical indicators and concerns about cash flow management weigh on the score. The financial performance shows positive growth, but cash flow sustainability needs attention.

Cirtek Holdings Limited Business Overview & Revenue Model

Company Description

Cirtek Holdings Limited (1433) is a technology company based in the Philippines that specializes in the design, manufacturing, and testing of semiconductor products. The company operates primarily in the semiconductor sector, focusing on the production of advanced electronic components for various applications, including telecommunications, automotive, and consumer electronics. Cirtek's core products include radio frequency (RF) devices, antenna switches, and other integrated circuits that are essential for modern electronic systems.

How the Company Makes Money

Cirtek Holdings Limited generates revenue through the production and sale of semiconductor products, primarily serving clients in the telecommunications and consumer electronics industries. The company has a diversified revenue model that includes direct sales to original equipment manufacturers (OEMs) and contract manufacturing services for various technology firms. Key revenue streams include the sale of RF products, integrated circuits, and testing services. Cirtek also benefits from strategic partnerships with leading technology companies, which help to secure long-term contracts and enhance its market presence. Additionally, the company's focus on research and development allows it to innovate and expand its product offerings, thus driving growth and profitability.

Cirtek Holdings Limited Financial Statement Overview

Summary

Cirtek Holdings Limited demonstrates strong revenue growth and profitability improvements, with a solid balance sheet characterized by moderate leverage. However, the lack of cash flow data for 2024 raises concerns about cash generation capabilities, highlighting a need for better cash management.

Income Statement

Cirtek Holdings Limited demonstrated strong revenue growth of 47.97% in 2024, indicating a robust upward trajectory. The gross profit margin improved to 49.10%, showcasing efficient cost management. However, the net profit margin, while improving to 11.22%, still reflects room for profitability enhancements. EBIT and EBITDA margins also showed significant recovery, suggesting better operational performance.

Balance Sheet

The company maintains a healthy equity ratio of 54.37%, reflecting a strong equity base. The debt-to-equity ratio of 0.28 indicates moderate leverage, which is manageable. However, the return on equity of 25.15% suggests effective use of equity to generate income, yet there's potential to optimize further.

Cash Flow

Cash flow statements reveal no operating or free cash flow in 2024, suggesting potential cash management challenges. Historical data indicates fluctuating cash flow, with a significant free cash flow growth in previous years. The absence of cash flow metrics for 2024 raises concerns about cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	544.71M	551.05M	372.31M	408.57M	362.51M	259.31M
Gross Profit	268.06M	270.62M	162.55M	173.46M	158.01M	130.20M
EBITDA	82.58M	89.45M	15.32M	48.68M	50.58M	39.51M
Net Income	54.91M	61.86M	-25.68M	12.56M	14.98M	1.65M
Balance Sheet
Total Assets	435.71M	452.43M	369.43M	395.07M	401.03M	361.69M
Cash, Cash Equivalents and Short-Term Investments	76.22M	68.52M	34.16M	62.33M	102.10M	114.74M
Total Debt	59.66M	67.67M	48.18M	51.07M	46.15M	54.61M
Total Liabilities	193.39M	206.50M	174.39M	155.81M	150.74M	124.82M
Stockholders Equity	242.31M	245.93M	195.03M	239.26M	249.67M	236.13M
Cash Flow
Free Cash Flow	46.82M	59.64M	-10.86M	-6.54M	6.37M	2.83M
Operating Cash Flow	78.59M	81.56M	21.25M	46.52M	42.55M	26.15M
Investing Cash Flow	-34.78M	-13.37M	-31.13M	-58.83M	-35.63M	-21.79M
Financing Cash Flow	-21.99M	-27.93M	-21.05M	-11.73M	-19.43M	71.92M

Cirtek Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1433, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 22.11 is Positive, neither overbought nor oversold. The STOCH value of 17.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1433.

Cirtek Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1433	―	HK$186.00M	3.38	23.94%	8.06%	14.30%	125.41%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0311	―	HK$247.15M	―	-14.53%	―	0.34%	-47.98%
0844	―	HK$247.17M	-9.07	-10.34%	―	-5.02%	-323.85%
8471	―	HK$215.78M	―	-17.00%	―	24.72%	78.31%
0294	―	HK$175.74M	―	-6.04%	2.35%	-20.43%	-24.29%
1388	―	HK$160.52M	―	-18.57%	―	-6.47%	-118.56%

Cirtek Holdings Limited Corporate Events

Cirtek Holdings Limited Announces Auditor Change to PwC

Cirtek Holdings Limited, a company incorporated in the Cayman Islands, has announced a change in its auditing firm. Ernst & Young (EY) has resigned as the auditor due to a disagreement over the audit fee for the financial year ending December 31, 2025, which was influenced by increased audit work related to the company’s overseas operations. The company has appointed PricewaterhouseCoopers (PwC) as the new auditor, citing PwC’s competitive proposal and capability to help achieve cost control and reduce overall operating expenses. The change is not expected to significantly impact the company’s annual audit for FY2025.

Cirtek Holdings Enhances Governance with New Nomination Committee Terms

Cirtek Holdings Limited has amended and adopted the terms of reference for its Nomination Committee, which is responsible for nominating directors to the board. The committee will consist of at least three members, with a majority being independent non-executive directors, and will comply with the Hong Kong Stock Exchange’s listing rules. This move is expected to enhance the governance structure of Cirtek Holdings, ensuring a diverse and independent board that aligns with regulatory standards and potentially improving stakeholder confidence.

Cirtek Holdings Limited Reports Decline in Interim Revenue and Profit for 2025

Cirtek Holdings Limited reported its unaudited interim results for the first half of 2025, showing a slight decrease in revenue from HK$264,519,000 in 2024 to HK$258,178,000 in 2025. Despite the revenue decline, the company managed to maintain a profit, albeit lower than the previous year, with a net profit of HK$24,340,000 compared to HK$31,292,000 in 2024. The results indicate a challenging period for the company, possibly affecting its market positioning and stakeholder confidence.

Cirtek Holdings Limited Updates on 2024 Annual Report

Cirtek Holdings Limited announced a supplemental update to its 2024 Annual Report, revealing that it repurchased 10,410,000 shares on the Stock Exchange for HK$416,400. These shares are currently held as treasury shares, and the company plans to decide on their future use based on market conditions and capital management needs. This announcement does not alter any other information in the 2024 Annual Report.

Cirtek Holdings Schedules Board Meeting for Interim Results

Cirtek Holdings Limited has announced that its board of directors will meet on August 28, 2025, to consider and approve the unaudited consolidated interim results for the first half of the year ending June 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and potentially impact its market positioning and stakeholder interests.