Lapco Holdings Limited (8472) AI Stock Analysis

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Lapco Holdings Limited

(HKEX:8472)

Select Model

Rating:54Neutral

Price Target:HKD 0.31▲(1.97% Upside)

Action:reiterated

Date:10/01/26

The score is held back primarily by weak financial performance—ongoing losses and negative operating/free cash flow—despite a healthier, de-levered balance sheet. Technicals add support with the stock trading above key moving averages and positive momentum, but valuation is constrained by loss-making earnings (negative P/E) and no provided dividend yield.

Positive Factors

Revenue reboundThe TTM revenue rebound indicates that demand or contract activity has recovered from earlier weakness. If sustained, stronger sales can improve operating leverage and provide a larger base from which management can address the company’s currently weak margins and profitability.

Negative Factors

Persistent lossesOperating and net losses show that the recent revenue recovery has not translated into durable earnings power. The low gross margin of about 4.2% leaves limited room to absorb cost or pricing pressure, making a sustained profitability recovery a central business challenge.

Lapco Holdings Limited (8472) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 35.14M
Dividend Yield: ―
Average Volume (3M): 589.14K
Price to Earnings (P/E): -1.9
Beta (1Y): 0.78
Revenue Growth: -6.10%
EPS Growth: -64.85%
Country: Hong Kong
Employees: 716
Sector: Industrials
Sector Strength: 63
Industry: Waste Management

Lapco Holdings Limited Business Overview & Revenue Model

Company Description

Lapco Holdings Limited, an investment holding company, provides comprehensive environmental hygiene solutions throughout Hong Kong. The company offers a diverse range of services, including general cleaning, effective pest management, integrated wast...

Lapco Holdings Limited Financial Statement Overview

Summary

Financials are pressured: profitability has deteriorated to operating and net losses (net margin ~-5.1%) despite a TTM revenue rebound (+17.93%). Cash flow is a major weakness with negative operating cash flow and free cash flow (both ~-18M). Offsetting this, the balance sheet risk appears moderate-to-low with sharply reduced leverage (debt-to-equity ~0.11), but negative ROE underscores that losses are weighing on returns.

Income Statement

34Negative

Balance Sheet

67Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	356.03M	253.54M	573.39M	948.68M	966.29M	765.92M
Gross Profit	15.03M	11.17M	35.85M	58.02M	47.83M	44.59M
EBITDA	5.42M	11.01M	21.99M	44.36M	53.19M	39.04M
Net Income	-18.32M	-8.85M	3.38M	14.06M	20.33M	5.36M
Balance Sheet
Total Assets	199.67M	196.73M	207.18M	330.32M	321.98M	250.81M
Cash, Cash Equivalents and Short-Term Investments	48.38M	53.52M	58.99M	72.28M	21.08M	40.48M
Total Debt	14.40M	11.66M	27.93M	88.36M	112.89M	119.50M
Total Liabilities	63.26M	54.13M	60.80M	229.04M	242.67M	191.83M
Stockholders Equity	136.41M	142.61M	146.38M	101.28M	79.31M	58.98M
Cash Flow
Free Cash Flow	-18.59M	-13.59M	-31.97M	77.09M	24.14M	-5.49M
Operating Cash Flow	-18.11M	-13.26M	-30.99M	84.50M	47.39M	8.44M
Investing Cash Flow	-9.12M	1.27M	-1.26M	3.02M	-27.05M	16.09M
Financing Cash Flow	-2.84M	-11.19M	18.97M	-36.33M	-39.74M	-19.63M

Lapco Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.30

Price Trends

50DMA0.29Positive

100DMA0.28Positive

200DMA0.36Negative

Market Momentum

MACD0.00Positive

RSI48.02Neutral

STOCH27.27Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8472, the sentiment is Negative. The current price of 0.30 is below the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.29, and below the 200-day MA of 0.36, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 27.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8472.

Lapco Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:8472 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1395	72Outperform	HKD 169.42M	10.55	5.74%	―	-8.44%	31.82%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:8472	54Neutral	HKD 35.14M	-1.92	-13.13%	―	-6.10%	-64.85%
HK:0436	51Neutral	HKD 154.82M	-15.00	-1.20%	3.14%	4.66%	36.36%
HK:8320	50Neutral	HKD 52.16M	31.48	2.52%	―	4.37%	―
HK:0646	37Underperform	HKD 85.67M	-1.69	7.33%	―	5.20%	9.11%
HK:0923	37Underperform	HKD 62.70M	-0.37	-128.44%	―	-9.12%	65.45%

* Industrials Sector Average

Performance Comparison

HK:8472 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:8472	Lapco Holdings Limited	0.30	-0.26	-46.49%
HK:1395	ELL Environmental Holdings Limited	0.15	0.00	0.66%
HK:0923	Integrated Waste Solutions Group Holdings Limited	0.01	-0.01	-45.83%
HK:0436	New Universe Environmental Group Limited	0.05	-0.03	-37.80%
HK:0646	China Environmental Technology Holdings Limited	0.25	0.08	44.51%
HK:8320	Allied Sustainability and Environmental Consultants Group Limited	0.07	-0.03	-28.00%

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.

Date of analysis: Oct 01, 2026

Lapco Holdings Limited AI Stock Analysis

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