Analogue Holdings Limited (1977) AI Stock Analysis

Analogue Holdings Limited

(HKEX:1977)

Select Model

Rating:69Neutral

Price Target:HKD 1.00▲(9.29% Upside)

Action:downgraded

Date:08/06/26

Stable financial foundation with low leverage and cash generation supports the score, enhanced by attractive valuation; however, weak technical indicators and inconsistent profitability weigh it down.

Positive Factors

Very Conservative LeverageMinimal leverage reduces financial risk and interest burden, giving Analogue greater resilience through engineering and construction cycles. Stable-to-growing equity also preserves capacity to fund projects and absorb working-capital volatility.

Negative Factors

Inconsistent Revenue TrendUneven revenue performance reflects the timing and lumpiness of project-based activity. This makes forward workload visibility less reliable and can create uneven utilization, limiting the durability of growth and complicating resource planning.

Analogue Holdings Limited (1977) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 1.28B
Dividend Yield: 8.52%
Average Volume (3M): 149.90K
Price to Earnings (P/E): 5.3
Beta (1Y): 0.24
Revenue Growth: 3.15%
EPS Growth: 77.58%
Country: Hong Kong
Employees: 3,219
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

Analogue Holdings Limited Business Overview & Revenue Model

Company Description

Analogue Holdings Limited delivers a comprehensive suite of electrical and mechanical (E&M) engineering solutions to both public and private clients across Hong Kong, mainland China, Macau, the United States, and other international markets. Its oper...

How the Company Makes Money

null

Analogue Holdings Limited Financial Statement Overview

Summary

Balanced financial profile with stable low leverage and strong cash flow generation in 2025, but challenged by inconsistent revenue growth and declining profitability margins.

Income Statement

65Positive

Balance Sheet

75Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.25B	6.09B	6.45B	6.13B	6.47B	5.35B
Gross Profit	901.27M	997.76M	1.00B	833.29M	1.01B	878.37M
EBITDA	289.13M	329.73M	272.55M	353.43M	383.62M	450.84M
Net Income	238.26M	167.04M	135.26M	251.50M	114.56M	314.30M
Balance Sheet
Total Assets	5.21B	5.16B	5.20B	5.14B	4.81B	4.45B
Cash, Cash Equivalents and Short-Term Investments	1.22B	1.04B	1.04B	1.04B	1.00B	819.93M
Total Debt	276.15M	282.85M	608.22M	366.29M	362.35M	369.91M
Total Liabilities	2.76B	2.85B	3.00B	3.01B	2.75B	2.32B
Stockholders Equity	2.46B	2.32B	2.19B	2.13B	2.06B	2.13B
Cash Flow
Free Cash Flow	192.97M	388.26M	-9.26M	57.03M	426.81M	189.82M
Operating Cash Flow	228.99M	419.89M	146.07M	177.55M	453.35M	241.73M
Investing Cash Flow	144.00M	-16.67M	-150.00M	-41.46M	-1.02M	-627.51M
Financing Cash Flow	-327.01M	-429.06M	143.05M	-203.75M	-245.48M	81.46M

Analogue Holdings Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price0.92

Price Trends

50DMA0.92Positive

100DMA0.91Positive

200DMA0.92Positive

Market Momentum

MACD0.00Positive

RSI52.39Neutral

STOCH18.52Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1977, the sentiment is Positive. The current price of 0.92 is below the 20-day moving average (MA) of 0.92, below the 50-day MA of 0.92, and below the 200-day MA of 0.92, indicating a bullish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 52.39 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1977.

Analogue Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:1977 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:0240	84Outperform	HKD 1.73B	3.76	15.72%	12.19%	-12.79%	-0.62%
HK:0687	71Outperform	HKD 1.08B	23.19	4.18%	18.75%	-18.58%	-27.75%
HK:1627	71Outperform	HKD 730.00M	2.54	15.75%	8.22%	15.16%	25.81%
HK:1977	69Neutral	HKD 1.28B	5.33	9.97%	8.52%	3.15%	77.58%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:1903	48Neutral	HKD 992.50M	-935.39	-0.44%	―	4.76%	-144.68%
HK:1726	37Underperform	HKD 248.90M	-3.20	-110.87%	―	-11.41%	9.14%

* Industrials Sector Average

Performance Comparison

HK:1977 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1977	Analogue Holdings Limited	0.92	0.07	7.90%
HK:0240	Build King Holdings	1.39	-0.01	-0.43%
HK:1627	Able Engineering Holdings Ltd.	0.36	-0.32	-46.79%
HK:1726	HKE Holdings Limited	0.22	-1.17	-84.32%
HK:1903	JBB Builders International Ltd.	1.99	0.20	10.89%
HK:0687	Tysan Holdings Limited	0.32	0.05	17.65%

Analogue Holdings Limited Corporate Events

Analogue Holdings Sets August Board Meeting to Review Interim Results and Dividend

Aug 18, 2026

Analogue Holdings Limited has scheduled a board meeting for 28 August 2026 in Hong Kong to review the interim results of the company and its subsidiaries for the six months ended 30 June 2026. The board will also consider the declaration of an interi...

Analogue Holdings shareholders back all AGM resolutions, renew capital mandates

Jun 24, 2026

Analogue Holdings Limited reported that all resolutions at its annual general meeting on 24 June 2026 were approved by shareholders by wide margins, including the adoption of the 2025 audited financial statements and the re-election of all incumbent...

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

Analogue Holdings Limited AI Stock Analysis