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WLS Holdings Ltd
(8021)
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Rating:51Neutral
Price Target:
HK$0.17
▲(1610.00% Upside)
Action:Reiterated
Date:09/06/26
The score is mainly constrained by weak financial performance quality—especially persistently negative operating/free cash flow and inconsistent operating profitability despite a strong reported 2026 net profit that appears non-recurring. Technicals are broadly neutral with mild bearish bias (slightly negative MACD and below longer-term moving averages). Valuation looks cheap on P/E, but that support is discounted due to earnings sustainability and cash flow concerns.
Positive Factors
Latest-year revenue recovery
Latest-year revenue improved after several weaker years, indicating a recovery in top-line activity. If sustained, this provides a stronger base for project execution, capacity utilization, and rebuilding operating earnings over the next several quarters.
Negative Factors
Persistently negative cash generation
Repeatedly negative operating and free cash flow indicate that reported activity has not consistently converted into internally generated funding. This can increase reliance on external financing or balance-sheet resources and constrain the company’s ability to fund projects and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Latest-year revenue recovery
Latest-year revenue improved after several weaker years, indicating a recovery in top-line activity. If sustained, this provides a stronger base for project execution, capacity utilization, and rebuilding operating earnings over the next several quarters.
Read all positive factors
WLS Holdings Ltd (8021) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$117.81M
Dividend YieldN/A
Average Volume (3M)335.38K
Price to Earnings (P/E)0.6
Beta (1Y)0.52
Revenue Growth24.55%
EPS GrowthN/A
CountryHK
Employees43
SectorFinancial
Sector Strength70
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.35
Shares Outstanding718,355,040
10 Day Avg. Volume839,275
30 Day Avg. Volume335,384
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.18
Price to Sales (P/S)0.87
P/FCF Ratio-56.56
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
WLS Holdings Ltd Business Overview & Revenue Model
Company Description
WLS Holdings Limited, an investment holding company established in 2001 and based in Aberdeen, Hong Kong, primarily offers scaffolding, interior fitting-out, and various support services to the construction and building industries within Hong Kong...
WLS Holdings Ltd Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
68
Positive
Cash Flow
32
Negative
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 98.56M | 79.13M | 82.41M | 145.96M | 189.05M |
| Gross Profit | 66.58M | 52.16M | 50.74M | 47.85M | 71.12M |
| EBITDA | -6.25M | 7.56M | 4.71M | -94.35M | 6.15M |
| Net Income | 94.63M | -6.85M | -11.15M | -112.38M | -10.82M |
Balance Sheet | |||||
| Total Assets | 699.78M | 585.10M | 582.04M | 575.61M | 703.37M |
| Cash, Cash Equivalents and Short-Term Investments | 226.22M | 68.77M | 66.14M | 63.78M | 108.14M |
| Total Debt | 162.16M | 152.88M | 149.35M | 125.50M | 143.24M |
| Total Liabilities | 227.66M | 207.61M | 198.16M | 179.50M | 200.83M |
| Stockholders Equity | 472.12M | 377.50M | 383.88M | 396.11M | 509.64M |
Cash Flow | |||||
| Free Cash Flow | -1.52M | 3.30M | -16.26M | -6.18M | -44.93M |
| Operating Cash Flow | -1.52M | 3.30M | -16.24M | -4.98M | -35.01M |
| Investing Cash Flow | 738.00K | -414.00K | 244.00K | 13.89M | 43.05M |
| Financing Cash Flow | 2.24M | -5.83M | 15.96M | -15.65M | -5.06M |
WLS Holdings Ltd Technical Analysis
Negative
0.01
Price Trends
0.17
Negative
0.20
Negative
0.28
Negative
Market Momentum
>-0.01
Positive
39.58
Neutral
46.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8021, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.58 is Neutral, neither overbought nor oversold. The STOCH value of 46.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8021.
WLS Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | HK$956.00M | 97.06 | 3.44% | 1.04% | 0.44% | 27.96% | |
56 Neutral | HK$225.00M | 17.68 | 1.82% | 7.33% | 28.02% | -68.80% | |
53 Neutral | HK$216.00M | 9.01 | 6.28% | 3.77% | -5.52% | -3.29% | |
51 Neutral | HK$117.81M | 0.56 | 25.94% | ― | 24.55% | ― | |
46 Neutral | HK$162.40M | -1.06 | 848.01% | 1.96% | -25.29% | 7.74% |
* Financial Sector Average
HK:8021
WLS Holdings Ltd
0.16
-0.44
-73.03%
HK:1447
SFK Construction Holdings Ltd.
0.53
0.03
6.00%
HK:1582
CR Construction Group Holdings Limited
0.47
0.08
19.23%
HK:1615
AB Builders Group Limited
0.40
0.15
59.27%
HK:1793
Wecon Holdings Ltd.
1.16
0.95
466.18%
HK:6816
Prosper Construction Holdings Limited
0.20
-0.08
-28.77%
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.