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YesAsia Holdings Limited
(2209)
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Rating:75Outperform
Price Target:
HK$4.00
â–²(12.04% Upside)
Action:Upgraded
Date:07/28/26
The score is driven primarily by improved financial performance from the post-2022 turnaround and an attractive valuation (low P/E with a moderate dividend). Technicals are supportive in the short-to-mid term (above key shorter moving averages) but are tempered by being below the 200-day average and the lack of momentum indicators. The main risk holding the score back is cash flow consistency, given the negative free cash flow in 2024 despite reported profitability.
Positive Factors
Accelerating Revenue Growth
Sustained revenue acceleration indicates improving customer demand and market reach after the downturn. If maintained, stronger scale can support operating leverage and provide a broader base for continued profitability over the next several quarters.
Negative Factors
Volatile Free Cash Flow
The sharp cash-flow swings indicate that earnings conversion is not yet consistent, potentially reflecting working-capital needs or investment spending. Continued volatility could constrain reinvestment, debt reduction, and the durability of reported profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Sustained revenue acceleration indicates improving customer demand and market reach after the downturn. If maintained, stronger scale can support operating leverage and provide a broader base for continued profitability over the next several quarters.
Read all positive factors
YesAsia Holdings Limited (2209) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.44B
Dividend Yield2.84%
Average Volume (3M)997.77K
Price to Earnings (P/E)6.9
Beta (1Y)0.32
Revenue Growth31.51%
EPS Growth22.05%
CountryHK
Employees610
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.07
Shares Outstanding418,987,880
10 Day Avg. Volume712,400
30 Day Avg. Volume997,766
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)2.65
Price to Sales (P/S)0.42
P/FCF Ratio34.78
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$672.00M
YesAsia Holdings Limited Business Overview & Revenue Model
Company Description
YesAsia Holdings Limited operates as a global e-commerce platform, specializing in the sourcing, marketing, and distribution of a diverse range of Asian fashion, lifestyle, beauty, and entertainment merchandise. The company facilitates online tran...
YesAsia Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 558.40M | 501.54M | 345.78M | 201.34M | 128.59M | 162.02M |
| Gross Profit | 162.93M | 148.50M | 105.39M | 62.70M | 42.73M | 55.62M |
| EBITDA | 48.24M | 34.38M | 26.39M | 15.49M | 1.27M | 4.65M |
| Net Income | 27.38M | 23.21M | 19.05M | 7.57M | -6.78M | -2.06M |
Balance Sheet | ||||||
| Total Assets | 192.37M | 163.74M | 120.57M | 74.48M | 63.72M | 69.89M |
| Cash, Cash Equivalents and Short-Term Investments | 20.71M | 22.74M | 15.53M | 25.18M | 18.80M | 36.47M |
| Total Debt | 35.09M | 34.62M | 22.80M | 12.18M | 15.46M | 12.76M |
| Total Liabilities | 99.29M | 83.69M | 67.58M | 39.43M | 36.59M | 33.60M |
| Stockholders Equity | 93.21M | 80.13M | 53.00M | 35.05M | 27.14M | 36.29M |
Cash Flow | ||||||
| Free Cash Flow | 19.89M | 6.10M | -1.27M | 8.21M | -9.51M | -1.33M |
| Operating Cash Flow | 18.24M | 12.76M | 1.95M | 8.99M | -5.08M | 252.00K |
| Investing Cash Flow | 1.26M | -10.61M | -3.10M | 1.38M | 993.00K | -10.04M |
| Financing Cash Flow | -18.03M | -1.55M | -7.51M | -1.95M | -8.19M | 10.81M |
YesAsia Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.44B | 6.87 | 31.59% | 2.84% | 31.51% | 22.05% | |
67 Neutral | HK$295.98B | 16.87 | 6.63% | 3.69% | 7.53% | -57.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$2.18T | 24.27 | 7.04% | 0.94% | 8.06% | -48.95% | |
48 Neutral | HK$245.70M | -10.67 | -8.54% | 1.32% | 73.16% | -10.80% | |
47 Neutral | HK$22.44B | 16.12 | 14.11% | 7.06% | 30.79% | -44.14% | |
41 Neutral | HK$758.47M | -0.08 | 21.77% | 3.96% | -28.44% | 42.64% |
* Consumer Cyclical Sector Average
HK:2209
YesAsia Holdings Limited
3.52
-3.09
-46.72%
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YesAsia Holdings Limited Corporate Events
YesAsia Holdings to Publish Unaudited Interim Results for First Half of 2026
Aug 28, 2026
YesAsia Holdings Limited has released its unaudited consolidated interim results for the six months ended 30 June 2026, fulfilling Hong Kong listing requirements for preliminary interim disclosures. The full interim report, containing detailed fin...
YesAsia Grants Share Options to Employees and AI Consultant to Support Long-Term Growth
Jul 27, 2026
YesAsia Holdings Limited has granted 2,690,000 share options under its post-IPO share option scheme at an exercise price of HK$3.45 per option, to 89 grantees comprising 88 employees and one external service provider. The options, which have a val...
YesAsia flags 30% profit jump on revenue growth and cost discipline
Jul 24, 2026
YesAsia Holdings reported a strong first half for 2026, with unaudited revenue rising 23.6% year-on-year to US$301.5 million and net profit increasing 30% to US$18.3 million, lifting its net margin to 6.1%. The improved profitability reflects robu...
YesAsia launches US$1 million share repurchase and trustee share purchase plan
Jul 24, 2026
YesAsia Holdings Limited has announced the launch of a share repurchase programme under an existing shareholder-approved mandate, alongside proposed on-market share purchases by a trustee for its post-IPO share option scheme. The combined initiati...
YesAsia Streamlines Workforce as Beauty Pivot Drives Revenue Dominance
Jun 26, 2026
YesAsia Holdings has deepened its strategic pivot toward beauty products, with beauty-related revenue doubling over 2023 and 2024 and posting double-digit growth in 2025, ultimately reaching about 96% of total sales, while fashion, lifestyle and e...
YesAsia Holdings Wins Strong Shareholder Backing at 2026 AGM
Jun 18, 2026
YesAsia Holdings shareholders approved all resolutions at the 18 June 2026 annual general meeting, with voting conducted by poll and overseen by Computershare Hong Kong Investor Services as scrutineer. The meeting confirmed that all 418,416,768 is...
YesAsia shareholders approve overhaul of post-IPO share option scheme
Jun 18, 2026
YesAsia Holdings Limited reported that all resolutions put to shareholders at its extraordinary general meeting on 18 June 2026 were approved by poll, with strong majorities in favour and no voting restrictions or required abstentions under Hong K...
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.