Fulum Group Holdings Ltd. (1443) AI Stock Analysis

Fulum Group Holdings Ltd.

(HKEX:1443)

Select Model

Rating:48Neutral

Price Target:HKD 0.07▼(-4.17% Downside)

Action:reiterated

Date:10/15/26

The score is primarily weighed down by weak financial performance from revenue declines and high leverage, with moderate support from positive technical momentum partially offset by poor valuation due to negative earnings.

Positive Factors

Positive cash generationConsistently positive operating and free cash flow provides an important source of internal funding despite reported net losses. This supports ongoing operations and investment, while reducing reliance on external financing, although elevated debt still limits how much financial flexibility the cash generation creates.

Negative Factors

Revenue and margin deteriorationThe combination of falling revenue and severe gross-margin compression points to weakening operating economics rather than merely slower growth. If sustained, it reduces the cash available from each unit of sales, makes fixed costs harder to absorb, and undermines the durability of future profitability.

Fulum Group Holdings Ltd. (1443) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 93.60M
Dividend Yield: ―
Average Volume (3M): 4.29M
Price to Earnings (P/E): -2.5
Beta (1Y): -0.17
Revenue Growth: -16.49%
EPS Growth: 43.73%
Country: Hong Kong
Employees: 1,676
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Restaurants

Fulum Group Holdings Ltd. Business Overview & Revenue Model

Company Description

Fulum Group Holdings Limited operates as an investment firm, primarily concentrating on restaurant management within Hong Kong and mainland China. As of March 31, 2022, the company's portfolio encompassed 91 restaurants. This total included 16 establ...

Fulum Group Holdings Ltd. Financial Statement Overview

Summary

Strong operating cash flows contrast with declining revenues after 2024, recent net losses, and high debt-to-equity ratios, indicating ongoing financial pressures.

Income Statement

35Negative

Balance Sheet

28Negative

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.42B	1.42B	1.70B	1.84B	1.64B	1.45B
Gross Profit	269.64M	269.64M	621.16M	698.32M	600.69M	455.71M
EBITDA	252.70M	247.09M	309.71M	377.94M	334.03M	263.48M
Net Income	-37.29M	-37.29M	-66.37M	50.58M	21.14M	-49.17M
Balance Sheet
Total Assets	739.65M	739.65M	1.01B	1.27B	991.23M	995.95M
Cash, Cash Equivalents and Short-Term Investments	100.38M	100.38M	74.64M	121.79M	169.76M	128.57M
Total Debt	430.20M	430.20M	643.91M	878.66M	649.46M	691.45M
Total Liabilities	652.00M	652.00M	888.58M	1.08B	845.95M	874.26M
Stockholders Equity	90.58M	90.58M	127.72M	195.99M	147.85M	121.69M
Cash Flow
Free Cash Flow	267.63M	285.24M	280.88M	297.22M	265.09M	177.38M
Operating Cash Flow	274.10M	291.71M	342.07M	362.81M	325.65M	251.03M
Investing Cash Flow	-6.71M	-6.71M	-65.25M	-74.66M	-63.74M	-76.86M
Financing Cash Flow	-241.44M	-259.05M	-324.15M	-338.65M	-164.63M	-246.85M

Fulum Group Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.07

Price Trends

50DMA0.08Negative

100DMA0.06Positive

200DMA0.06Positive

Market Momentum

MACD-0.00Positive

RSI42.81Neutral

STOCH19.05Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1443, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1443.

Fulum Group Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:1443 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:6811	72Outperform	HKD 1.52B	10.69	15.54%	7.13%	8.46%	56.14%
HK:0341	62Neutral	HKD 3.35B	20.37	6.13%	6.73%	-4.50%	-29.22%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:1314	51Neutral	HKD 223.33M	23.14	1.95%	―	-2.56%	-23.91%
HK:1443	48Neutral	HKD 93.60M	-2.51	-40.59%	―	-16.49%	43.73%
HK:0126	46Neutral	HKD 202.71M	-8.01	-1.01%	―	-4.42%	77.56%
HK:8096	37Underperform	HKD 51.98M	-1.96	-102.38%	―	1.93%	-27.49%

* Consumer Cyclical Sector Average

Performance Comparison

HK:1443 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1443	Fulum Group Holdings Ltd.	0.07	-0.01	-12.20%
HK:0126	Carrianna Group Holdings Company Limited	0.13	-0.03	-19.88%
HK:1314	Tsui Wah Holdings Ltd.	0.16	-0.02	-10.50%
HK:0341	Cafe de Coral Holdings Ltd.	5.94	0.10	1.69%
HK:6811	Tai Hing Group Holdings Ltd.	1.56	0.53	51.35%
HK:8096	Tasty Concepts Holding Limited	0.11	-0.01	-12.20%

Fulum Group Holdings Ltd. Corporate Events

Fulum Group Wins Strong Shareholder Backing for AGM Resolutions

Sep 18, 2026

Fulum Group Holdings Ltd. reported that shareholders overwhelmingly approved all resolutions at its annual general meeting held on 18 September 2026, including the adoption of audited financial statements for the year ended 31 March 2026 and the re-e...

Fulum Group Sets 2026 AGM to Ratify Governance and Share Issuance Mandate

Aug 21, 2026

Fulum Group Holdings Ltd. has convened its annual general meeting for 18 September 2026 in Kowloon Bay, Hong Kong, where shareholders will review and approve the audited consolidated financial statements for the year ended 31 March 2026 and the accom...

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.

Date of analysis: Oct 15, 2026

Fulum Group Holdings Ltd. AI Stock Analysis