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Ulferts International Limited
(1711)
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Rating:54Neutral
Price Target:
HK$0.17
▲(52.73% Upside)
Action:Reiterated
Date:03/24/26
The score is held back primarily by weak financial performance (declining revenue, sustained losses, and equity erosion), partially offset by consistently positive cash flow. Technicals are a relative positive with price above major moving averages and moderate positive momentum, while valuation is constrained by losses (negative P/E) and no dividend yield data.
Positive Factors
High product-level gross margin (~58%)
A ~58% gross margin provides durable unit economics for premium furniture sales. This margin cushion helps absorb fixed retail costs and promotional pressure, supports recovery of operating profitability if volumes stabilise, and underpins long-term cash generation potential.
Negative Factors
Multi-year revenue decline
Sustained top-line decline erodes scale necessary to cover fixed retail and distribution costs. Lower sales reduce operating leverage, magnify per-unit overhead, and make recovery harder absent product, marketing or channel fixes. Persisting revenue loss threatens long-term return to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
High product-level gross margin (~58%)
A ~58% gross margin provides durable unit economics for premium furniture sales. This margin cushion helps absorb fixed retail costs and promotional pressure, supports recovery of operating profitability if volumes stabilise, and underpins long-term cash generation potential.
Read all positive factors
Ulferts International Limited (1711) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$116.00M
Dividend Yield2.69%
Average Volume (3M)104.00K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth-10.36%
EPS Growth95.71%
CountryHK
Employees103
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding800,000,000
10 Day Avg. Volume12,000
30 Day Avg. Volume104,000
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)5.06
Price to Sales (P/S)0.81
P/FCF Ratio0.00
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
Ulferts International Limited Business Overview & Revenue Model
Company Description
Ulferts International Limited operates as an investment holding company that specializes in the retail and wholesale distribution of furniture across Hong Kong. The company's comprehensive product line includes a wide variety of home furnishings s...
How the Company Makes Money
Ulferts International Limited generates revenue through several key streams: (1) retail sales of furniture to individual consumers through its extensive network of retail stores located across Hong Kong; (2) wholesale distribution of furniture to ...
Ulferts International Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 137.17M | 153.02M | 171.64M | 216.15M | 225.46M |
| Gross Profit | 77.34M | 88.30M | 99.66M | 133.18M | 142.64M |
| EBITDA | -646.00K | -7.89M | 12.02M | 29.65M | 51.36M |
| Net Income | -1.72M | -41.02M | -25.01M | -21.02M | 4.14M |
Balance Sheet | |||||
| Total Assets | 63.09M | 78.72M | 145.18M | 196.30M | 250.49M |
| Cash, Cash Equivalents and Short-Term Investments | 21.72M | 27.27M | 43.36M | 62.06M | 76.80M |
| Total Debt | 2.72M | 18.47M | 39.19M | 66.89M | 76.40M |
| Total Liabilities | 41.12M | 55.03M | 80.47M | 106.58M | 135.75M |
| Stockholders Equity | 21.97M | 23.69M | 64.71M | 89.72M | 114.73M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 17.94M | 25.44M | 35.13M | 28.56M |
| Operating Cash Flow | 0.00 | 18.78M | 28.08M | 36.44M | 36.99M |
| Investing Cash Flow | 0.00 | -838.00K | -2.64M | -1.30M | -8.43M |
| Financing Cash Flow | 0.00 | -34.03M | -44.14M | -49.89M | -45.44M |
Ulferts International Limited Technical Analysis
Negative
0.11
Price Trends
0.14
Negative
0.16
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
44.64
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1711, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.64 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1711.
Ulferts International Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$3.20B | 15.73 | 16.40% | 2.62% | 11.19% | 160.48% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$112.00M | 9.01 | 14.24% | 31.00% | 0.98% | 146.67% | |
54 Neutral | HK$116.00M | -69.05 | -8.01% | 2.69% | -10.36% | 95.71% | |
51 Neutral | HK$139.37M | -0.46 | -181.16% | 0.55% | ― | ― | |
42 Neutral | HK$119.54M | -0.61 | -14.95% | 7.60% | -11.12% | -0.28% | |
42 Neutral | HK$21.61B | 15.51 | 14.11% | 7.33% | 30.79% | -44.14% |
* Consumer Cyclical Sector Average
HK:1711
Ulferts International Limited
0.15
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Ulferts International Limited Corporate Events
Ulferts International Shifts Registered Office to Emperor Group Centre in Wan Chai
Mar 13, 2026
Ulferts International Limited has announced that, effective 20 March 2026, its registered office address will move to the 28th Floor of Emperor Group Centre on Hennessy Road in Wan Chai, Hong Kong. The change, authorised by chairman Yeung Ching Lo...
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.