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EuroEyes International Eye Clinic Limited (1846) AI Stock Analysis

HK:1846

EuroEyes International Eye Clinic Limited

(HKEX:1846)

Select Model
Rating:69Neutral
Price Target:HKD 2.50â–²(13.64% Upside)
Action:downgraded
Date:08/06/26

The score is driven primarily by solid financial performance, especially revenue growth and resilient cash flow, which are the main strengths. Valuation is acceptable, but technical trends remain a drag because the stock trades below key moving averages and momentum is only neutral.

Positive Factors
Revenue GrowthThe return to revenue growth indicates renewed demand for the company’s ophthalmology services after a broadly flat 2024. Continued top-line expansion can improve clinic utilization, support investment in care capacity, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Profitability DeclineThe decline in net income despite higher revenue signals weaker earnings conversion and suggests margin compression or increased costs. Unless profitability improves, revenue growth will generate less shareholder value, constrain reinvestment capacity, and keep earnings quality below the stronger 2021–2023 period.

EuroEyes International Eye Clinic Limited (1846) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%HK:1846-31.31%EWH+8.19%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 702.02M
Dividend Yield
2.00%
Average Volume (3M)
22.97K
Price to Earnings (P/E)
285.7
Beta (1Y)
0.19
Revenue Growth
20.54%
EPS Growth
-96.74%
Country
Hong Kong
Employees
409
Sector
Healthcare
Sector Strength
51
Industry
Medical - Care Facilities

EuroEyes International Eye Clinic Limited Business Overview & Revenue Model

Company Description

EuroEyes International Eye Clinic Limited provides vision correction services in Germany, the People’s Republic of China, Denmark, and the United Kingdom. The company offers laser eye surgery in various options, including SMILE Pro, Femto-Lasik, PRK,...

How the Company Makes Money

EuroEyes primarily generates revenue by providing paid, patient-facing ophthalmology services through its clinics. Key revenue streams typically include: (1) procedure fees from elective vision correction treatments, where patients pay for surgical i...

EuroEyes International Eye Clinic Limited Financial Statement Overview

Summary

Strong revenue growth, positive cash generation, and manageable leverage support a solid score. Recent margin compression and a higher debt load temper the result, but overall financial health remains above average.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue873.25M796.04M715.68M714.29M610.29M632.93M
Gross Profit332.13M324.33M286.59M335.52M270.84M312.55M
EBITDA197.82M244.19M216.93M292.10M220.44M278.80M
Net Income2.49M54.45M82.28M131.24M89.47M133.56M
Balance Sheet
Total Assets1.83B1.95B1.60B1.75B1.54B1.37B
Cash, Cash Equivalents and Short-Term Investments607.70M696.70M653.23M720.38M779.57M861.58M
Total Debt387.46M410.19M319.29M384.26M290.41M221.48M
Total Liabilities574.75M667.78M473.72M588.09M497.95M328.55M
Stockholders Equity1.22B1.25B1.09B1.13B1.01B1.01B
Cash Flow
Free Cash Flow138.71M148.11M117.41M102.30M152.46M228.71M
Operating Cash Flow183.17M193.75M197.75M191.85M208.76M273.26M
Investing Cash Flow-196.38M-113.47M-83.83M-180.28M-131.81M-59.90M
Financing Cash Flow-106.57M-115.97M-136.82M-102.76M-102.22M-69.18M

EuroEyes International Eye Clinic Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price2.20

Price Trends

50DMA2.39Negative
100DMA2.43Negative
200DMA2.61Negative

Market Momentum

MACD-0.07Positive
RSI34.04Neutral
STOCH18.92Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1846, the sentiment is Negative. The current price of 2.20 is below the 20-day moving average (MA) of 2.38, below the 50-day MA of 2.39, and below the 200-day MA of 2.61, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 34.04 is Neutral, neither overbought nor oversold. The STOCH value of 18.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1846.

EuroEyes International Eye Clinic Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

HK:1846 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2219HK:221973OutperformHKD 1.66B8.336.97%10.27%3.85%-1.23%
HK:1846HK:184669NeutralHKD 703.50M285.710.20%2.00%20.54%-96.74%
HK:3309HK:330966NeutralHKD 1.05B10.105.57%2.35%4.75%―
HK:3869HK:386954NeutralHKD 467.79M-143.32-0.41%―3.16%-101.02%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK:0722HK:072242NeutralHKD 292.35M-3.79-10.76%9.04%-1.37%-334.69%
HK:3886HK:388641NeutralHKD 1.10B78.090.48%1.10%-3.26%―

* Healthcare Sector Average

Performance Comparison

-40%-20%0%20%HK:1846HK:2219HK:3309HK:3869HK:3886HK:0722Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1846 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1846EuroEyes International Eye Clinic Limited2.20-1.05-32.37%
HK:2219Chaoju Eye Care Holdings Ltd.2.350.052.00%
HK:3309C-MER Eye Care Holdings Limited0.86-0.89-51.00%
HK:3869Hospital Corporation of China Ltd3.28-2.71-45.24%
HK:3886Town Health International Medical Group Ltd.0.15-0.12-43.01%
HK:0722UMP Healthcare Holdings Limited0.38-0.07-15.35%

EuroEyes International Eye Clinic Limited Corporate Events

EuroEyes Updates Board and Committee Structure Effective November 2026

Nov 1, 2026

EuroEyes International Eye Clinic Limited has announced the composition of its board of directors effective 1 November 2026, naming Dr. Jørn Slot Jørgensen as chairman among a slate of executive, non-executive, and independent non-executive...

EuroEyes Restructures Senior Leadership as CFO Bracklo Moves to Non-Executive Role

Oct 30, 2026

EuroEyes International Eye Clinic Limited has announced that Chief Financial Officer Marcus Huascar Bracklo will resign from his CFO role and cease to serve as the company’s authorised representative under Hong Kong listing rules, effective 31...

EuroEyes Sets Board and Committee Roles Effective End-October 2026

Oct 30, 2026

EuroEyes International Eye Clinic Limited has confirmed the composition of its board of directors effective 31 October 2026, comprising four executive directors and three independent non-executive directors, with Dr. Jørn Slot Jørgensen ser...

EuroEyes Publishes Unaudited Interim Results for First Half of 2026

Aug 31, 2026

EuroEyes International Eye Clinic Limited has released its unaudited interim results for the six months ended 30 June 2026, covering the consolidated financial position, comprehensive income, cash flows and equity changes of the Group. The full inter...

EuroEyes warns interim loss amid acquisition costs but underlying business stays firm

Aug 24, 2026

EuroEyes International Eye Clinic Limited has warned that it expects to post a loss of HK$10 million to HK$17 million for the six months ended 30 June 2026, reversing a profit of HK$38.4 million a year earlier. The board attributes the swing primaril...

EuroEyes Schedules Board Meeting to Approve 2026 Interim Results and Consider Dividend

Aug 14, 2026

EuroEyes International Eye Clinic Limited has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to consider the publication of those figures. The board will also evaluate...

EuroEyes Bolsters European Push with Appointment of New Executive Director

Aug 3, 2026

EuroEyes International Eye Clinic Limited has appointed 60-year-old Rens Laurentius Michaël Schoenmakers as an executive director effective 3 August 2026, strengthening its leadership bench with a veteran of the medical devices, medtech and heal...

EuroEyes clarifies board and committee roles in governance update

Aug 3, 2026

EuroEyes International Eye Clinic Limited has updated its board composition, confirming a slate of five executive directors and three independent non-executive directors effective 3 August 2026, with founder Dr. Jørn Slot Jørgensen serving...

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: Aug 06, 2026