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CPM Group Ltd.
(1932)
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Rating:43Neutral
Price Target:
HK$0.15
▲(5.71% Upside)
Action:Reiterated
Date:10/25/26
The score is primarily weighed down by weak financial performance: steep multi-year revenue contraction, continued net losses, declining equity, and unstable/negative recent cash flow. Technical indicators add a secondary drag with below-average momentum and the price below longer-term moving averages, only partly offset by a slightly positive MACD. Valuation provides limited support because earnings are negative (P/E not meaningful) and there is no dividend yield data.
Positive Factors
Improving Gross Margin
The substantial gross-margin improvement indicates better unit economics or product mix, creating a stronger foundation for recovery if revenue stabilizes. However, the benefit has not yet translated into profitability, so sustainability depends on restoring scale and controlling operating costs.
Negative Factors
Structural Revenue Contraction
The multi-year revenue decline indicates a substantial contraction in the company’s operating scale and suggests that demand or pricing conditions remain difficult. A smaller revenue base reduces fixed-cost absorption, limits reinvestment capacity, and makes a durable return to profitability more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Gross Margin
The substantial gross-margin improvement indicates better unit economics or product mix, creating a stronger foundation for recovery if revenue stabilizes. However, the benefit has not yet translated into profitability, so sustainability depends on restoring scale and controlling operating costs.
Read all positive factors
CPM Group Ltd. (1932) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$153.00M
Dividend Yield2.22%
Average Volume (3M)69.07K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue Growth-6.78%
EPS Growth41.22%
CountryHK
Employees393
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,000,000,000
10 Day Avg. Volume6,000
30 Day Avg. Volume69,066
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)0.41
Price to Sales (P/S)0.60
P/FCF Ratio-49.03
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
CPM Group Ltd. Business Overview & Revenue Model
Company Description
CPM Group Limited, an investment holding firm established in 1932 and headquartered in Wan Chai, Hong Kong, focuses on the production and distribution of an extensive array of paint and coating solutions throughout Hong Kong and Mainland China. It...
CPM Group Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 260.42M | 241.09M | 321.35M | 469.09M | 643.05M | 842.52M |
| Gross Profit | 112.93M | 100.58M | 129.32M | 157.54M | 142.53M | 170.72M |
| EBITDA | 8.25M | -1.69M | -20.94M | -32.99M | -58.15M | -25.22M |
| Net Income | -36.54M | -45.98M | -47.91M | -67.11M | -98.47M | -59.45M |
Balance Sheet | ||||||
| Total Assets | 711.03M | 706.67M | 804.00M | 972.86M | 1.15B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 168.31M | 158.29M | 191.46M | 144.94M | 147.52M | 256.43M |
| Total Debt | 222.57M | 167.93M | 205.35M | 222.99M | 246.00M | 219.55M |
| Total Liabilities | 356.88M | 349.52M | 422.93M | 524.22M | 631.89M | 670.37M |
| Stockholders Equity | 349.98M | 353.06M | 377.09M | 444.46M | 518.07M | 529.58M |
Cash Flow | ||||||
| Free Cash Flow | 29.99M | -2.94M | -24.09M | 79.65M | -58.87M | 2.52M |
| Operating Cash Flow | 32.06M | -1.31M | -23.36M | 83.64M | -37.13M | 20.75M |
| Investing Cash Flow | -11.00K | 8.88M | 76.28M | -59.79M | -18.50M | -51.92M |
| Financing Cash Flow | -4.30M | -39.90M | -21.09M | -24.66M | 18.05M | -13.23M |
CPM Group Ltd. Technical Analysis
Negative
0.14
Price Trends
0.15
Negative
0.17
Negative
0.21
Negative
Market Momentum
>-0.01
Positive
39.09
Neutral
-11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1932, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.09 is Neutral, neither overbought nor oversold. The STOCH value of -11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1932.
CPM Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$1.45B | 6.76 | 5.15% | 7.78% | 6.66% | 65.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$9.97B | 0.24 | 5.20% | 4.10% | 1.18% | -65.68% | |
53 Neutral | HK$3.36B | -2.70 | -51.09% | 1.64% | 11.19% | -3035.78% | |
51 Neutral | HK$852.91M | 18.35 | 2.33% | 3.05% | -4.75% | ― | |
45 Neutral | HK$3.55B | -190.18 | -8.09% | 2.18% | 3.15% | 50.74% | |
43 Neutral | HK$153.00M | -4.16 | -10.40% | 2.22% | -6.78% | 41.22% |
* Basic Materials Sector Average
HK:1932
CPM Group Ltd.
0.15
0.01
10.87%
HK:0408
Yip's Chemical Holdings
2.57
0.73
39.52%
HK:3318
China Boton Group Co., Ltd.
3.11
1.29
70.88%
HK:0546
Fufeng Group Limited
3.98
-3.80
-48.86%
HK:0301
SANVO Fine Chemicals Group Limited
7.54
6.29
503.20%
HK:2502
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H
0.51
0.13
34.21%
CPM Group Ltd. Corporate Events
CPM Group Narrows Interim Loss as Revenue and Margins Improve
Aug 28, 2026
CPM Group Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue up 18.2% year on year to HK$125.7 million and gross profit up 29.4%, lifting its gross margin to 43.2% from 39.5%. Despite the stronger top...
CPM Group Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 17, 2026
CPM Group Limited has scheduled a board meeting for 28 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend, signal...
CPM Group Flags Narrowed Interim Loss on Stronger Paint Sales
Aug 5, 2026
CPM Group Ltd. has warned that it will remain loss-making for the six months ended 30 June 2026, but expects its loss attributable to shareholders to narrow by 28% to 35% to between HK$19 million and HK$21 million, down from HK$29.15 million a yea...
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.