FDB Holdings Limited (1826) AI Stock Analysis

• Market Cap: HK$75.92M
• Dividend Yield: N/A
• Average Volume (3M): 690.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: 11.52%
• EPS Growth: 98.72%
• Country: HK
• Employees: 75
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 1,332,000,000
• 10 Day Avg. Volume: 1,555,000
• 30 Day Avg. Volume: 690,666
• PEG Ratio: -0.06
• Price to Book (P/B): -119.10
• Price to Sales (P/S): 0.14
• P/FCF Ratio: -2.39
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily driven by the company's poor financial performance and weak valuation metrics. Technical analysis also indicates bearish trends, contributing to the low score. The absence of earnings call data and corporate events means these factors do not influence the score.

FDB Holdings Limited Business Overview & Revenue Model

Company Description

FDB Holdings Limited (1826) is a diversified investment holding company based in Hong Kong, primarily engaged in the sectors of property development, investment, and management. The company focuses on acquiring, developing, and managing a range of real estate assets, including residential, commercial, and industrial properties. FDB Holdings aims to leverage its expertise in real estate to deliver value through strategic investments and property management services, catering to a variety of market needs.

How the Company Makes Money

FDB Holdings generates revenue through multiple key streams, primarily from rental income derived from its portfolio of properties, which includes residential units and commercial spaces. Additionally, the company earns income from property sales, particularly in the residential sector, where it develops and sells new housing projects. Partnerships with construction firms and real estate agencies also contribute to its earnings, as they enable efficient project execution and marketing. Furthermore, FDB Holdings may engage in property management services for third-party owners, providing maintenance and operational services for a fee, thereby diversifying its revenue base.

FDB Holdings Limited Financial Statement Overview

Summary

FDB Holdings Limited faces significant financial challenges, characterized by declining revenues, inconsistent profitability, and a weak balance sheet with negative equity. Cash flow issues further exacerbate the situation, with negative free cash flow and operating cash flow. The company needs strategic financial management and potential restructuring to stabilize its financial position and improve operational efficiency.

Income Statement

The income statement shows a volatile performance with significant fluctuations in revenue and profitability. The company experienced a dramatic decline in revenue from 2019 to 2023, with a slight recovery in 2024. Gross profit margin and net profit margin have been inconsistent, with negative values in several years, indicating challenges in maintaining profitability. The EBIT and EBITDA margins have also been unstable, reflecting operational difficulties.

Balance Sheet

The balance sheet reveals a concerning financial structure, with negative stockholders' equity in recent years, indicating potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, highlighting financial instability. Return on equity is also not applicable due to negative equity, suggesting a need for financial restructuring.

Cash Flow

Cash flow analysis indicates negative free cash flow in recent years, with significant operating cash outflows. The operating cash flow to net income ratio is not favorable, suggesting inefficiencies in converting income to cash. Free cash flow to net income ratio is also negative, reflecting challenges in generating cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	437.66M	468.46M	193.77M	357.15M	382.27M	411.86M
Gross Profit	7.89M	17.30M	-7.15M	7.33M	-29.92M	-9.05M
EBITDA	18.00K	12.22M	-56.41M	1.14M	-62.53M	-49.64M
Net Income	-549.00K	9.87M	-59.28M	-969.00K	40.10M	-245.03M
Balance Sheet
Total Assets	166.01M	169.40M	196.53M	226.86M	240.88M	407.06M
Cash, Cash Equivalents and Short-Term Investments	5.37M	32.60M	35.21M	31.59M	9.55M	37.92M
Total Debt	20.29M	10.01M	12.92M	599.00K	4.38M	12.01M
Total Liabilities	171.72M	169.94M	206.95M	177.99M	190.98M	404.75M
Stockholders Equity	-5.71M	-548.00K	-10.42M	48.87M	49.78M	27.37M
Cash Flow
Free Cash Flow	-20.17M	-27.30M	-19.92M	31.51M	-29.92M	-100.45M
Operating Cash Flow	-20.11M	-27.25M	-19.77M	32.20M	-29.67M	-99.43M
Investing Cash Flow	-82.00K	16.29M	-2.51M	-16.73M	27.64M	9.01M
Financing Cash Flow	10.80M	871.00K	25.90M	5.18M	-10.53M	-60.25M

FDB Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1826, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.21 is Neutral, neither overbought nor oversold. The STOCH value of 89.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1826.

FDB Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1637	65 Neutral	HK$90.00M	16.67	2.33%	―	-30.55%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1472	50 Neutral	HK$67.00M	―	-3.05%	―	67.24%	-42.19%
3789	46 Neutral	HK$70.80M	-11.80	-1.93%	―	-6.72%	-161.73%
1630	45 Neutral	HK$64.50M	-6.83	-8.05%	―	-29.39%	78.42%
1826	40 Underperform	HK$75.92M	-142.50	―	―	11.52%	98.72%
2195	38 Underperform	HK$55.68M	-2.09	-19.00%	―	48.86%	54.49%

FDB Holdings Limited Corporate Events

FDB Holdings Limited Issues Supplementary Disclosure on Share Options

FDB Holdings Limited has announced a supplementary disclosure related to its 2024 Annual Report. The company has clarified that a maximum of 133,200,000 shares, representing 10% of the total shares, may be issued upon the exercise of options under its scheme. As of the end of 2024, no share options have been granted, and the available options for grant remain at 133,200,000 shares. This disclosure does not affect any other information in the annual report.

FDB Holdings Clarifies Financial Statement Adjustments

FDB Holdings Limited has issued a clarification regarding its financial statements for the 2025 interim results, 2024 interim report, and 2024 annual report. The company identified an oversight in the reporting of ‘Advance from joint ventures’ and ‘Repayment to joint ventures’ under financing activities. The restatements reflect adjustments for non-cash transactions related to subcontracting services. These changes do not affect the total net cash generated from financing activities for the specified periods.

FDB Holdings Limited Issues Clarification on Financial Statements

FDB Holdings Limited has issued a clarification regarding its financial statements, specifically the condensed consolidated statement of cash flows for the 2025 interim results and the 2024 annual report. The company has restated figures related to ‘Advance from joint ventures’ and ‘Repayment to joint ventures’ for both the six months ended June 30, 2024, and the year ended December 31, 2024. These clarifications do not affect the total net cash generated from financing activities for the specified periods.

FDB Holdings Limited Announces Interim Results for First Half of 2025

FDB Holdings Limited has announced its unaudited consolidated results for the six months ending June 30, 2025. The interim results comply with the Hong Kong Stock Exchange’s listing rules, reflecting the company’s adherence to regulatory standards and providing stakeholders with insights into its financial performance.

FDB Holdings Issues Profit Warning for H1 2025

FDB Holdings Limited, a company listed on the Hong Kong Stock Exchange, has issued a profit warning for the first half of 2025. The company expects to report a net loss between HK$3.0 million and HK$7.0 million, a significant downturn from the HK$5.3 million net profit recorded in the same period of 2024. This decline is attributed to increased contracting and consultancy-related expenses, which have compressed profit margins. The final interim results are still being finalized, and shareholders are advised to exercise caution.

FDB Holdings Limited Announces Upcoming Board Meeting for Interim Results

FDB Holdings Limited has announced that its Board of Directors will hold a meeting on August 28, 2025, to review and potentially approve the company’s unaudited interim results for the first half of the year ending June 30, 2025. The meeting will also consider the recommendation for an interim dividend payment, which could have implications for the company’s financial strategy and shareholder returns.