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Ahsay Backup Software Development Company Limited
(8290)
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Rating:47Neutral
Price Target:
HK$0.04
▲(80.00% Upside)
Action:Reiterated
Date:09/16/26
The score is held back primarily by weak operating fundamentals (declining revenue and negative operating margin) and a very demanding valuation (P/E ~160). Technical indicators also point to bearish momentum (negative MACD and price below key moving averages), with the main offset being a conservatively levered balance sheet and a recent improvement to positive net income/free cash flow in 2025 that still needs to prove sustainable.
Positive Factors
Conservative Leverage
Very low leverage reduces solvency pressure and preserves financial flexibility for product investment, customer support, and other operating needs. A stable equity base also provides a stronger buffer if earnings remain uneven or the software market becomes more challenging.
Negative Factors
Multi-Year Revenue Decline
A sustained multi-year decline indicates ongoing pressure on the company’s ability to retain or expand its revenue base. Without a reversal, shrinking scale can limit investment capacity, weaken operating leverage, and make durable earnings improvement more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Very low leverage reduces solvency pressure and preserves financial flexibility for product investment, customer support, and other operating needs. A stable equity base also provides a stronger buffer if earnings remain uneven or the software market becomes more challenging.
Read all positive factors
Ahsay Backup Software Development Company Limited (8290) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$74.00M
Dividend YieldN/A
Average Volume (3M)229.00K
Price to Earnings (P/E)195.0
Beta (1Y)-0.06
Revenue Growth-10.60%
EPS GrowthN/A
CountryHK
Employees50
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,000,000,000
10 Day Avg. Volume202,000
30 Day Avg. Volume229,000
Financial Highlights & Ratios
PEG Ratio-2.11
Price to Book (P/B)0.83
Price to Sales (P/S)1.26
P/FCF Ratio38.62
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
Ahsay Backup Software Development Company Limited Business Overview & Revenue Model
Company Description
Ahsay Backup Software Development Company Limited, an investment holding entity, delivers online backup software solutions globally, catering to markets both in the United States and internationally. The company's operations are structured across ...
How the Company Makes Money
The company primarily makes money by licensing its backup software to customers (often including managed service providers) that use the software to deliver backup and recovery services to end users. Revenue is typically generated through recurrin...
Ahsay Backup Software Development Company Limited Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.55M | 36.43M | 39.95M | 41.66M | 44.88M | 47.87M |
| Gross Profit | 25.11M | 11.96M | 16.64M | 11.74M | 14.02M | 6.76M |
| EBITDA | 4.17M | 3.88M | 1.52M | 6.25M | 2.25M | -11.15M |
| Net Income | 212.00K | 172.00K | -2.19M | 2.64M | -1.96M | -15.67M |
Balance Sheet | ||||||
| Total Assets | 70.48M | 72.19M | 76.14M | 78.94M | 81.51M | 86.21M |
| Cash, Cash Equivalents and Short-Term Investments | 55.29M | 55.43M | 54.88M | 62.34M | 59.73M | 62.54M |
| Total Debt | 3.60M | 4.73M | 6.90M | 2.40M | 6.74M | 8.92M |
| Total Liabilities | 15.73M | 17.04M | 21.21M | 21.02M | 27.64M | 29.94M |
| Stockholders Equity | 54.75M | 55.15M | 54.94M | 57.92M | 55.22M | 57.33M |
Cash Flow | ||||||
| Free Cash Flow | 1.61M | 1.19M | -6.28M | 3.04M | -840.00K | -8.73M |
| Operating Cash Flow | 1.67M | 1.32M | -6.04M | 3.21M | -468.00K | -7.25M |
| Investing Cash Flow | 683.50K | 1.68M | 1.65M | 12.26M | -10.47M | 235.00K |
| Financing Cash Flow | -1.73M | -2.51M | -2.52M | -2.58M | -2.48M | -3.23M |
Ahsay Backup Software Development Company Limited Technical Analysis
Positive
0.02
Price Trends
0.03
Positive
0.04
Positive
0.03
Positive
Market Momentum
<0.01
Negative
89.47
Negative
116.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8290, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 89.47 is Negative, neither overbought nor oversold. The STOCH value of 116.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8290.
Ahsay Backup Software Development Company Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$1.35B | 12.82 | 9.51% | 10.69% | 21.19% | 19.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$25.04B | 96.28 | 3.02% | 0.10% | 16.98% | ― | |
56 Neutral | HK$21.44B | -6.58 | -7.08% | ― | 35.32% | 74.56% | |
54 Neutral | HK$3.47B | -16.29 | -2.55% | 1.46% | -2.82% | -152.77% | |
47 Neutral | HK$74.00M | 195.00 | 0.39% | ― | -10.60% | ― | |
46 Neutral | HK$517.84M | -17.38 | -8.63% | ― | -12.45% | -103.53% |
* Technology Sector Average
HK:8290
Ahsay Backup Software Development Company Limited
0.04
0.01
48.00%
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-34.03%
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.