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Ernest Borel Holdings Ltd
(1856)
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Rating:47Neutral
Price Target:
HK$1.50
▼(-20.21% Downside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by weak financial performance (large recent losses, high leverage, and negative free cash flow). Technical indicators provide some near-term support with improving momentum, but valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
EPS improvement
Reported EPS growth provides evidence that per-share earnings improved over the measured period, which may support operational recovery if sustained. This is a constructive signal for earnings capacity, although its durability depends on reversing the broader losses and margin deterioration.
Negative Factors
Severe profitability deterioration
The latest results show a broad deterioration in operating economics, combining falling revenue with a collapse in gross margin and a very large net loss. Such weakness threatens earnings power, reduces internal funding capacity, and makes near-term recovery dependent on a substantial business improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
EPS improvement
Reported EPS growth provides evidence that per-share earnings improved over the measured period, which may support operational recovery if sustained. This is a constructive signal for earnings capacity, although its durability depends on reversing the broader losses and margin deterioration.
Read all positive factors
Ernest Borel Holdings Ltd (1856) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$533.18M
Dividend Yield3.1%
Average Volume (3M)143.23K
Price to Earnings (P/E)―
Beta (1Y)>-0.01
Revenue Growth-8.88%
EPS Growth42.89%
CountryHK
Employees305
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)-0.10
Shares Outstanding360,257,500
10 Day Avg. Volume139,700
30 Day Avg. Volume143,233
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)11.54
Price to Sales (P/S)8.54
P/FCF Ratio-24.24
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
Ernest Borel Holdings Ltd Business Overview & Revenue Model
Company Description
Ernest Borel Holdings Limited operates as an investment holding company, primarily focusing on the design, production, promotion, and worldwide distribution of Swiss-made mechanical and quartz watches for both male and female clientele. Its produc...
Ernest Borel Holdings Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.58M | 79.34M | 99.28M | 164.99M | 137.37M | 149.25M |
| Gross Profit | 6.88M | 3.27M | 8.62M | 87.06M | 75.15M | 90.83M |
| EBITDA | -48.56M | -49.21M | -50.98M | 51.02M | 10.88M | -5.09M |
| Net Income | -36.74M | -52.48M | -47.94M | 18.87M | -12.07M | -31.82M |
Balance Sheet | ||||||
| Total Assets | 487.88M | 518.78M | 553.00M | 656.00M | 447.94M | 467.38M |
| Cash, Cash Equivalents and Short-Term Investments | 9.19M | 44.19M | 34.95M | 38.32M | 12.77M | 7.58M |
| Total Debt | 379.66M | 36.96M | 347.02M | 342.29M | 40.67M | 296.49M |
| Total Liabilities | 439.95M | 460.07M | 451.10M | 488.21M | 340.10M | 354.61M |
| Stockholders Equity | 47.93M | 58.71M | 101.91M | 167.79M | 107.84M | 112.78M |
Cash Flow | ||||||
| Free Cash Flow | -5.77M | -27.94M | -32.74M | -12.99M | -4.15M | -4.01M |
| Operating Cash Flow | -7.71M | -23.19M | -27.27M | -9.55M | -1.66M | 3.15M |
| Investing Cash Flow | -16.75M | -24.89M | -294.00K | 8.95M | -3.24M | -5.74M |
| Financing Cash Flow | 22.46M | 46.77M | 32.14M | -262.00K | 3.02M | -6.80M |
Ernest Borel Holdings Ltd Technical Analysis
Negative
1.88
Price Trends
1.60
Negative
1.50
Negative
1.65
Negative
Market Momentum
-0.04
Positive
27.06
Positive
36.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1856, the sentiment is Negative. The current price of 1.88 is above the 20-day moving average (MA) of 1.51, above the 50-day MA of 1.60, and above the 200-day MA of 1.65, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 27.06 is Positive, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1856.
Ernest Borel Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.81B | 3.16 | 9.96% | 8.16% | 8.83% | 109.28% | |
70 Neutral | HK$1.55B | 8.62 | 9.99% | 6.18% | -0.78% | -10.18% | |
65 Neutral | HK$387.55M | -3.87 | -2.87% | 302.27% | -21.99% | -138.89% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | HK$533.18M | -14.51 | -68.91% | 3.10% | -8.88% | 42.89% | |
47 Neutral | HK$576.37M | -4.05 | -3.03% | 3.75% | -4.85% | 60.69% | |
38 Underperform | HK$60.44M | -0.31 | -108.23% | 0.27% | ― | ― |
* Consumer Cyclical Sector Average
HK:1856
Ernest Borel Holdings Ltd
1.48
-0.32
-17.78%
HK:0256
Citychamp Watch & Jewellery Group
0.11
-0.07
-39.34%
HK:0887
Emperor Watch & Jewellery
0.25
-0.01
-3.85%
HK:3389
Hengdeli Holdings
0.09
0.05
137.84%
HK:0398
Oriental Watch Holdings
3.19
0.13
4.39%
HK:0444
Sincere Watch (Hong Kong)
0.01
0.00
0.00%
Ernest Borel Holdings Ltd Corporate Events
Ernest Borel Narrows Interim Loss as Revenue and Margins Improve
Aug 28, 2026
Ernest Borel Holdings reported a sharp improvement in its unaudited interim results for the six months ended 30 June 2026, with revenue rising to HK$47.2 million from HK$38.0 million a year earlier. The group’s gross profit margin strengthen...
Ernest Borel Sets Board Meeting to Review 2026 Interim Results and Dividend
Aug 7, 2026
Ernest Borel Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a decision that co...
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.