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Tomo Holdings Limited
(6928)
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Rating:47Neutral
Price Target:
HK$0.27
▲(4.23% Upside)
Action:Reiterated
Date:10/08/26
The score is held down primarily by weak financial performance—persistent large losses and ongoing cash burn—despite a conservatively leveraged balance sheet. Technicals are currently supportive with the stock trading above major moving averages, but the very high RSI signals overbought risk. Valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Very low leverage
Minimal debt reduces solvency and refinancing pressure, giving Tomo greater financial flexibility while it works to improve operations. A conservative capital structure can preserve access to strategic options and reduce the risk that interest obligations overwhelm the business during a prolonged recovery.
Negative Factors
Persistent large losses
Large recurring operating and net losses show that the current revenue base does not yet cover the company’s full cost structure. Until losses narrow materially, Tomo remains exposed to continued equity value erosion and has limited evidence that recent gross-margin gains translate into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal debt reduces solvency and refinancing pressure, giving Tomo greater financial flexibility while it works to improve operations. A conservative capital structure can preserve access to strategic options and reduce the risk that interest obligations overwhelm the business during a prolonged recovery.
Read all positive factors
Tomo Holdings Limited (6928) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$169.83M
Dividend YieldN/A
Average Volume (3M)276.53K
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue Growth-4.94%
EPS Growth24.07%
CountryHK
Employees48
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding765,000,000
10 Day Avg. Volume507,600
30 Day Avg. Volume276,533
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)1.75
Price to Sales (P/S)7.88
P/FCF Ratio-8.34
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
Tomo Holdings Limited Business Overview & Revenue Model
Company Description
TOMO Holdings Limited operates as an investment holding company, primarily focusing on the design, manufacturing, supply, and installation of leather upholstery for passenger vehicles throughout Singapore. Beyond providing leather for front and re...
Tomo Holdings Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.70M | 3.03M | 2.83M | 9.07M | 16.34M | 9.71M |
| Gross Profit | 869.84K | 1.22M | 932.53K | 420.39K | 925.49K | 1.57M |
| EBITDA | -3.02M | -3.72M | -3.22M | -10.22M | -1.87M | 287.36K |
| Net Income | -2.71M | -3.71M | -2.63M | -10.58M | -1.87M | 118.03K |
Balance Sheet | ||||||
| Total Assets | 16.31M | 16.19M | 11.21M | 14.64M | 24.98M | 26.34M |
| Cash, Cash Equivalents and Short-Term Investments | 10.79M | 9.81M | 4.93M | 8.32M | 12.02M | 20.36M |
| Total Debt | 79.72K | 101.38K | 6.80K | 46.47K | 84.31K | 6.95K |
| Total Liabilities | 1.05M | 2.53M | 591.79K | 1.39M | 1.15M | 638.36K |
| Stockholders Equity | 15.26M | 13.66M | 10.62M | 13.25M | 23.83M | 25.70M |
Cash Flow | ||||||
| Free Cash Flow | -1.11M | -2.87M | -3.41M | -3.78M | -2.16M | -233.40K |
| Operating Cash Flow | -1.01M | -2.79M | -3.37M | -3.39M | -1.60M | -118.55K |
| Investing Cash Flow | -100.49K | -72.45K | 24.59K | 4.74M | -11.71M | -114.15K |
| Financing Cash Flow | 13.17M | 7.68M | -41.03K | -41.03K | -41.18K | -41.94K |
Tomo Holdings Limited Technical Analysis
Positive
0.26
Price Trends
0.18
Positive
0.20
Positive
0.21
Positive
Market Momentum
0.02
Negative
80.24
Negative
65.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6928, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.18, and above the 200-day MA of 0.21, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 80.24 is Negative, neither overbought nor oversold. The STOCH value of 65.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6928.
Tomo Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$201.30M | 12.31 | 3.83% | 2.18% | 43.21% | -14.34% | |
53 Neutral | HK$329.07M | 12.06 | 1.65% | 1.53% | 38.49% | -51.32% | |
47 Neutral | HK$169.83M | -6.90 | -28.72% | ― | -4.94% | 24.07% | |
43 Neutral | HK$81.60M | 12.99 | 1.87% | 7.64% | 38.69% | ― | |
43 Neutral | HK$512.31M | -1.42 | -51.45% | ― | 47.81% | 24.12% | |
42 Neutral | HK$550.94M | -4.21 | -38.18% | ― | 15.81% | -16.67% |
* Consumer Cyclical Sector Average
HK:6928
Tomo Holdings Limited
0.28
-0.01
-5.17%
HK:0360
New Focus Auto Tech Holdings
0.03
-0.01
-27.66%
HK:1930
Shinelong Automotive Lightweight Application Limited
0.32
-0.04
-10.76%
HK:6162
China Tianrui Automotive Interiors Co., Ltd.
0.04
-0.35
-90.79%
HK:6830
Huazhong In-Vehicle Holdings Company Limited
0.19
-0.08
-30.45%
HK:1274
iMotion Automotive Technology (Suzhou) Co., Ltd. Class H
1.99
-6.23
-75.79%
Tomo Holdings Limited Corporate Events
Tomo Holdings Narrows Interim Loss Despite 22% Revenue Decline
Aug 31, 2026
Tomo Holdings Limited reported unaudited revenue of approximately S$1.16 million for the six months ended 30 June 2026, down 22.4% from the same period in 2025, as cost of sales and reduced gross profit weighed on topline performance. Despite the ...
Tomo Holdings Sets August Board Meeting to Review Interim Results and Dividend
Aug 4, 2026
Tomo Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to recommend the payment of an interim dividend,...
Tomo Holdings Fully Writes Off Shell-Company Investment to Resolve Audit Qualification
Jul 21, 2026
Tomo Holdings has issued a supplemental announcement to its 2025 annual report detailing how it addressed a qualified audit opinion linked to insufficient accounting records for a previously acquired target group. Management determined that its HK...
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.