Ulferts International Limited (1711) AI Stock Analysis

Ulferts International Limited

(HKEX:1711)

Select Model

Rating:52Neutral

Price Target:HKD 0.17▲(9.15% Upside)

Action:reiterated

Date:05/05/26

The score is weighed down by poor financial performance with revenue declines and negative margins, partially offset by bullish technical trends; unattractive valuation due to losses further contributes to caution.

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 declineSustained 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.

Ulferts International Limited (1711) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 121.60M
Dividend Yield: ―
Average Volume (3M): 168.15K
Price to Earnings (P/E): -72.9
Beta (1Y): -0.43
Revenue Growth: -10.36%
EPS Growth: 95.71%
Country: Hong Kong
Employees: 103
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Specialty Retail

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 such...

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 cor...

Ulferts International Limited Financial Statement Overview

Summary

Low score due to declining revenue, negative profitability margins, high leverage, shrinking equity, and mixed cash flow with negative growth trends, indicating significant operational and financial challenges.

Income Statement

25Negative

Balance Sheet

35Negative

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	137.17M	137.17M	153.02M	171.64M	216.15M	225.46M
Gross Profit	77.34M	77.34M	88.30M	99.66M	133.18M	142.64M
EBITDA	-1.75M	-646.00K	-7.89M	12.02M	29.65M	51.36M
Net Income	-1.72M	-1.72M	-41.02M	-25.01M	-21.02M	4.14M
Balance Sheet
Total Assets	63.09M	63.09M	78.72M	145.18M	196.30M	250.49M
Cash, Cash Equivalents and Short-Term Investments	21.72M	21.72M	27.27M	43.36M	62.06M	76.80M
Total Debt	2.72M	2.72M	18.47M	39.19M	66.89M	76.40M
Total Liabilities	41.12M	41.12M	55.03M	80.47M	106.58M	135.75M
Stockholders Equity	21.97M	21.97M	23.69M	64.71M	89.72M	114.73M
Cash Flow
Free Cash Flow	5.32M	0	17.94M	25.44M	35.13M	28.56M
Operating Cash Flow	5.32M	0	18.78M	28.08M	36.44M	36.99M
Investing Cash Flow	-18.00K	0	-838.00K	-2.64M	-1.30M	-8.43M
Financing Cash Flow	-10.39M	0	-34.03M	-44.14M	-49.89M	-45.44M

Ulferts International Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.15

Price Trends

50DMA0.15Negative

100DMA0.15Negative

200DMA0.15Positive

Market Momentum

MACD-0.00Positive

RSI42.08Neutral

STOCH0.00Positive

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 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 42.08 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 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

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:1711 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:0178	73Outperform	HKD 4.05B	19.92	16.40%	2.06%	11.19%	160.48%
HK:8473	72Outperform	HKD 110.88M	8.92	14.24%	31.31%	0.98%	146.67%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:1711	52Neutral	HKD 122.40M	-72.86	-8.01%	―	-10.36%	95.71%
HK:9896	50Neutral	HKD 24.06B	17.13	14.11%	6.58%	30.79%	-44.14%
HK:0653	44Neutral	HKD 63.52M	0.49	6.58%	―	52.42%	―
HK:0814	38Underperform	HKD 96.87M	-0.49	-14.95%	―	-10.98%	-0.28%

* Consumer Cyclical Sector Average

Performance Comparison

HK:1711 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1711	Ulferts International Limited	0.15	0.01	7.75%
HK:0653	Bonjour Holdings Limited	0.94	-1.28	-57.43%
HK:0814	Beijing Jingkelong Co. Ltd. Class H	0.23	-0.08	-25.40%
HK:9896	MINISO Group Holding Ltd.	19.82	-20.46	-50.80%
HK:0178	Sa Sa International Holdings Limited	1.30	0.73	126.96%
HK:8473	Mi Ming Mart Holdings Limited	0.10	-0.01	-11.61%

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 Loong...

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: Mar 24, 2026

Ulferts International Limited AI Stock Analysis