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Palasino Holdings Limited
(2536)
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Rating:52Neutral
Price Target:
HK$0.63
▼(-71.19% Downside)
Action:Reiterated
Date:10/31/26
The score is held back primarily by weak cash-flow conversion (sharp free-cash-flow decline vs earnings) and poor technical positioning below major moving averages with negative MACD. These are partly offset by strong revenue growth, a low-leverage balance sheet, and a supportive dividend yield, though the high P/E limits the valuation contribution.
Positive Factors
Revenue Growth
Strong annual revenue growth indicates continued demand for the company’s casino and related hospitality offerings. If maintained, this expanding top line can improve venue utilization, support operating investment, and provide a durable base for future earnings growth.
Negative Factors
Weak Free-Cash-Flow Conversion
The sharp decline in free cash flow shows that reported earnings are currently converting poorly into usable cash. Persistent weak conversion could restrict internally funded investment, dividends, or debt reduction, while increasing the importance of working-capital and cash-cost management.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong annual revenue growth indicates continued demand for the company’s casino and related hospitality offerings. If maintained, this expanding top line can improve venue utilization, support operating investment, and provide a durable base for future earnings growth.
Read all positive factors
Palasino Holdings Limited (2536) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$504.12M
Dividend Yield4.64%
Average Volume (3M)814.20K
Price to Earnings (P/E)36.5
Beta (1Y)0.47
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees697
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.02
Shares Outstanding806,594,000
10 Day Avg. Volume194,200
30 Day Avg. Volume814,200
Financial Highlights & Ratios
PEG Ratio-11.11
Price to Book (P/B)2.83
Price to Sales (P/S)2.63
P/FCF Ratio529.22
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
Palasino Holdings Limited Business Overview & Revenue Model
Company Description
Palasino Holdings Limited, through its various subsidiaries, operates within the hospitality and gaming sectors across the Czech Republic, Germany, and Austria. The company's activities are structured into two main divisions: Gaming Operations, an...
How the Company Makes Money
The company primarily makes money by generating gaming revenue from its casino operations. This typically includes (i) table games revenue (the net win/loss from games such as baccarat/roulette/blackjack, i.e., the difference between amounts wager...
Palasino Holdings Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 611.12M | 568.14M | 564.34M | 529.02M | 351.20M |
| Gross Profit | 370.05M | 201.08M | 196.16M | 203.18M | 76.81M |
| EBITDA | 56.30M | 59.11M | 56.80M | 88.37M | 77.03M |
| Net Income | 13.82M | 15.39M | 8.54M | 44.15M | 40.08M |
Balance Sheet | |||||
| Total Assets | 782.80M | 760.84M | 738.70M | 616.82M | 577.16M |
| Cash, Cash Equivalents and Short-Term Investments | 267.08M | 293.07M | 305.12M | 107.17M | 135.58M |
| Total Debt | 114.40M | 121.56M | 126.45M | 135.06M | 141.61M |
| Total Liabilities | 215.62M | 211.57M | 235.85M | 229.05M | 228.91M |
| Stockholders Equity | 567.18M | 549.27M | 502.85M | 348.99M | 348.25M |
Cash Flow | |||||
| Free Cash Flow | 3.03M | 4.79M | 19.61M | 61.29M | 96.31M |
| Operating Cash Flow | 49.08M | 23.27M | 45.41M | 91.47M | 101.26M |
| Investing Cash Flow | -85.69M | -35.59M | -19.49M | -81.47M | -17.21M |
| Financing Cash Flow | -41.10M | -3.54M | 196.50M | -18.08M | -21.77M |
Palasino Holdings Limited Technical Analysis
Negative
2.19
Price Trends
0.68
Negative
0.83
Negative
1.36
Negative
Market Momentum
-0.03
Positive
45.28
Neutral
8.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2536, the sentiment is Negative. The current price of 2.19 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.68, and above the 200-day MA of 1.36, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.28 is Neutral, neither overbought nor oversold. The STOCH value of 8.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2536.
Palasino Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$140.33B | 13.09 | 12.77% | 5.30% | 8.39% | 11.34% | |
64 Neutral | HK$34.66B | 7.60 | 129.87% | 6.61% | 11.01% | 6.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$23.80B | 7.88 | -22.18% | 9.92% | 9.38% | 60.07% | |
59 Neutral | HK$86.44B | 12.58 | 65.49% | 9.36% | 8.73% | -3.66% | |
52 Neutral | HK$504.12M | 36.55 | 2.42% | 4.64% | ― | ― | |
52 Neutral | HK$5.09B | 4.87 | 52.47% | 0.66% | 6.61% | ― |
* Consumer Cyclical Sector Average
HK:2536
Palasino Holdings Limited
0.63
-1.68
-72.86%
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Palasino Holdings Limited Corporate Events
Palasino Director Resigns; Audit Committee Composition Adjusted
Sep 17, 2026
Palasino Holdings Limited announced that independent non-executive director Ms. Jie Jiao will resign effective 28 August 2026 so she can devote more time to other work commitments. The board noted that Ms. Jiao has no disagreement with directors a...
Palasino Holdings Tightens Governance With Updated Board and Committee Roles
Sep 17, 2026
Palasino Holdings Limited has updated its board composition effective 28 August 2026, confirming Pavel Maršík as executive director and chief executive officer, alongside non-executive and independent non-executive directors led by chair...
Palasino Wins Shareholder Backing for Dividend, Board Re-Election and Capital Mandates
Aug 27, 2026
Palasino Holdings Limited reported that all resolutions at its annual general meeting on 27 August 2026 were approved by shareholders via poll, with near-unanimous support across the agenda. The meeting endorsed the audited financial statements fo...
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.