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Nayuki Holdings Ltd.
(2150)
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Rating:48Neutral
Price Target:
HK$0.70
▼(-36.55% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak financial performance (declining revenue, ongoing losses, and a 2025 gross margin collapse), alongside a technically weak price trend with the stock trading below key moving averages. Offsetting these negatives are a manageable leverage profile and a notable improvement in 2025 operating and free cash flow, but profitability and margin recovery are still the main swing factors.
Positive Factors
Manageable leverage
Manageable leverage gives Nayuki some financial flexibility while it works to restore profitability. Debt remaining well below equity reduces balance-sheet pressure and may help the company continue funding operations without excessive reliance on new borrowing.
Negative Factors
Revenue contraction
Two consecutive years of revenue decline suggest that demand and store traffic remain under pressure. Persistent top-line contraction can reduce operating leverage across the retail network, constrain reinvestment, and make it harder for Nayuki to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Manageable leverage gives Nayuki some financial flexibility while it works to restore profitability. Debt remaining well below equity reduces balance-sheet pressure and may help the company continue funding operations without excessive reliance on new borrowing.
Read all positive factors
Nayuki Holdings Ltd. (2150) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.13B
Dividend YieldN/A
Average Volume (3M)1.21M
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue Growth-8.18%
EPS Growth62.17%
CountryHK
Employees4,176
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)-0.13
Shares Outstanding1,707,588,100
10 Day Avg. Volume1,803,250
30 Day Avg. Volume1,211,033
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.45
Price to Sales (P/S)0.38
P/FCF Ratio8.37
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)-0.07
Revenue Forecast (FY)HK$3.88B
Nayuki Holdings Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Nayuki Holdings Limited manages a substantial chain of teahouses throughout China. Its flagship brand, Nayuki, features a diverse menu of tea beverages and meticulously handcrafted baked goods, complemen...
How the Company Makes Money
Nayuki Holdings makes money primarily by selling products directly to consumers through its retail store network. Its core revenue stream comes from prepared-to-order tea beverages (e.g., freshly made tea-based drinks) sold in-store and via off-pr...
Nayuki Holdings Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.04B | 4.33B | 4.92B | 5.16B | 4.29B | 4.30B |
| Gross Profit | 1.13B | 1.19B | 1.68B | 1.59B | 1.51B | 1.47B |
| EBITDA | 268.09M | 342.64M | 305.97M | 788.01M | 261.92M | -3.81B |
| Net Income | -219.50M | -239.08M | -917.29M | 13.22M | -469.33M | -4.53B |
Balance Sheet | ||||||
| Total Assets | 4.92B | 5.34B | 6.17B | 7.54B | 6.94B | 7.33B |
| Cash, Cash Equivalents and Short-Term Investments | 2.51B | 2.67B | 2.49B | 2.66B | 3.37B | 4.10B |
| Total Debt | 832.59M | 1.03B | 1.45B | 1.77B | 1.42B | 1.45B |
| Total Liabilities | 1.46B | 1.71B | 2.25B | 2.72B | 2.17B | 2.39B |
| Stockholders Equity | 3.47B | 3.65B | 3.93B | 4.82B | 4.77B | 4.94B |
Cash Flow | ||||||
| Free Cash Flow | 81.56M | 194.27M | -98.10M | 287.57M | -141.69M | -243.02M |
| Operating Cash Flow | 205.75M | 273.63M | 201.61M | 828.49M | 306.63M | 506.08M |
| Investing Cash Flow | -251.55M | 1.07B | 319.84M | -1.33B | -2.63B | -794.98M |
| Financing Cash Flow | -375.22M | -340.00M | -387.98M | -446.35M | -478.00M | 3.89B |
Nayuki Holdings Ltd. Technical Analysis
Negative
1.10
Price Trends
0.70
Negative
0.70
Negative
0.81
Negative
Market Momentum
>-0.01
Positive
38.58
Neutral
28.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2150, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.70, and above the 200-day MA of 0.81, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.58 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2150.
Nayuki Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$1.52B | 10.69 | 15.54% | 7.13% | 8.46% | 56.14% | |
67 Neutral | HK$3.35B | 20.37 | 6.13% | 6.73% | -4.50% | -29.22% | |
63 Neutral | HK$642.58M | 15.50 | 6.33% | 6.04% | -0.04% | 16.95% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.03B | -314.35 | -0.33% | 13.60% | -17.55% | 97.86% | |
53 Neutral | HK$223.33M | 23.14 | 1.95% | 14.52% | -2.56% | -23.91% | |
48 Neutral | HK$1.13B | -4.35 | -6.16% | ― | -8.18% | 62.17% |
* Consumer Cyclical Sector Average
HK:2150
Nayuki Holdings Ltd.
0.66
-0.51
-43.59%
HK:0052
Fairwood Holdings
4.96
0.15
3.03%
HK:9869
Helens International Holdings Company Limited
0.82
-0.09
-10.04%
HK:1314
Tsui Wah Holdings Ltd.
0.16
-0.01
-8.47%
HK:0341
Cafe de Coral Holdings Ltd.
5.94
0.10
1.69%
HK:6811
Tai Hing Group Holdings Ltd.
1.57
0.54
52.68%
Nayuki Holdings Ltd. Corporate Events
Nayuki Narrows Loss as Revenue Declines but Expands Teahouse Network
Aug 26, 2026
Nayuki Holdings reported interim results for the six months ended June 30, 2026, showing revenue fell 13.1% year-on-year to RMB1,892.5 million while adjusted net loss narrowed 18.0% to RMB96.7 million. Net cash from operating activities dropped 56...
Nayuki Sets August Board Meeting to Review Interim Results and Possible Dividend
Aug 7, 2026
Nayuki Holdings Limited has scheduled a board meeting for August 26, 2026 to review and approve the group’s unaudited interim results for the six months ended June 30, 2026 and to consider the publication of those results. The board will als...
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.