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Indigo Star Holdings Limited (8373) AI Stock Analysis
Indigo Star Holdings Limited
(HKEX:8373)
The score is driven primarily by solid financial performance (strong TTM growth, improved cash flow, and low leverage) and very attractive valuation (P/E ~1.21). These positives are tempered by thin operating margins and overbought technical indicators, which increase execution and near-term pullback risk.
Indigo Star Holdings Limited (8373) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 42.67M
- Dividend Yield
- ―
- Average Volume (3M)
- 71.35K
- Price to Earnings (P/E)
- 0.9
- Beta (1Y)
- 0.21
- Revenue Growth
- 22.32%
- EPS Growth
- 30.85%
- Country
- Hong Kong
- Employees
- 925
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
Indigo Star Holdings Limited Business Overview & Revenue Model
Company Description
Indigo Star Holdings Limited, an investment holding firm based in Singapore, primarily serves as a subcontractor specializing in structural reinforced concrete projects. The company's operations involve carrying out comprehensive reinforced concrete...
Indigo Star Holdings Limited Financial Statement Overview
Summary
Strong TTM revenue growth (~+34%) with positive net income and a meaningful rebound in operating and free cash flow. Balance sheet strength stands out with low leverage (TTM D/E ~0.16) and a growing equity base. The key constraint is profitability quality: operating/EBITDA margins remain very thin and gross margin has compressed, leaving limited cushion if project costs or execution worsen.
Income Statement
72PositiveBalance Sheet
78PositiveCash Flow
74Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 152.01M | 81.73M | 86.43M | 44.32M | 32.64M | 16.02M |
| Gross Profit | 22.27M | 15.06M | 14.60M | 11.42M | 8.09M | 2.49M |
| EBITDA | 2.31M | 3.49M | 4.55M | 2.60M | 1.20M | -2.92M |
| Net Income | 5.65M | 1.92M | 3.17M | 999.00K | 292.00K | -3.71M |
Balance Sheet | ||||||
| Total Assets | 59.22M | 45.79M | 41.16M | 33.93M | 28.79M | 27.02M |
| Cash, Cash Equivalents and Short-Term Investments | 21.45M | 12.89M | 13.72M | 10.96M | 6.84M | 6.38M |
| Total Debt | 3.83M | 2.80M | 2.97M | 2.91M | 4.06M | 5.28M |
| Total Liabilities | 35.92M | 26.31M | 23.64M | 19.54M | 15.31M | 13.92M |
| Stockholders Equity | 23.31M | 19.48M | 17.52M | 14.39M | 13.48M | 13.10M |
Cash Flow | ||||||
| Free Cash Flow | 8.08M | -259.00K | 1.37M | 5.77M | 2.06M | -2.27M |
| Operating Cash Flow | 9.07M | 729.00K | 1.64M | 6.05M | 2.58M | -1.83M |
| Investing Cash Flow | -1.29M | -994.00K | 11.00K | -207.00K | -438.00K | -301.00K |
| Financing Cash Flow | 316.00K | -1.07M | 1.27M | -1.24M | -1.32M | 1.81M |
Indigo Star Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8373, the sentiment is Negative. The current price of 0.80 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.89, and above the 200-day MA of 0.73, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 33.97 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8373.
Indigo Star Holdings Limited Peers Comparison
Overall Rating
- HK:837378Outperform
HK:841176Outperform
HK:382274Outperform
HK:618938.4Underperform
HK:844533Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:8373 | 78Outperform | HKD 43.21M | 0.90 | 26.39% | ― | 22.32% | 30.85% |
| HK:8411 | 76Outperform | HKD 159.52M | 13.24 | 26.35% | 5.63% | 126.12% | ― |
| HK:3822 | 74Outperform | HKD 91.98M | 1.63 | 10.81% | 10.96% | -5.20% | 420.03% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:6189 | 38Underperform | HKD 17.35M | -0.27 | 8.24% | ― | ― | ― |
| HK:8445 | 33Underperform | HKD 63.01M | -5.32 | -13.85% | ― | -36.27% | -4.08% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:8373 | Indigo Star Holdings Limited | 0.80 | 0.15 | 22.31% | |
| HK:3822 | Sam Woo Construction Group Ltd. | 1.09 | 0.34 | 46.00% | |
| HK:6189 | Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H | 0.07 | 0.00 | 0.00% | |
| HK:8411 | K W Nelson Interior Design and Contracting Group Limited | 0.16 | 0.09 | 138.81% | |
| HK:8445 | Noble Engineering Group Holdings Limited | 0.19 | 0.02 | 11.76% | |
| HK:2433 | Zhongtian Construction (Hunan) Group Limited | 0.06 | -0.05 | -48.11% |
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.
Date of analysis: Sep 23, 2026