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Sanbase Corporation Limited (8501) AI Stock Analysis

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HK:8501

Sanbase Corporation Limited

(HKEX:8501)

Select Model
Rating:55Neutral
Price Target:HKD 0.72â–²(2.57% Upside)
Action:reiterated
Date:09/24/26

The score is held back primarily by deteriorating profitability and a steep 2026 revenue decline, despite a strong low-debt balance sheet. Recent technicals are moderately supportive with the stock trading above key moving averages and a positive MACD, while valuation remains unattractive/unclear due to negative earnings and no dividend yield data.

Positive Factors
Low financial leverageVery low leverage reduces interest and refinancing pressure, preserving financial flexibility during operating weakness. The sizeable equity base also provides a cushion against recent losses and leaves more capacity to fund business needs without relying heavily on additional borrowing.
Negative Factors
Sharp revenue contractionA roughly 41% annual revenue decline indicates substantial deterioration in business activity and weakens the scale supporting the operating model. Continued contraction would reduce resources available for investment, make fixed costs harder to absorb, and delay any durable recovery in earnings.

Sanbase Corporation Limited (8501) vs. iShares MSCI Hong Kong ETF (EWH)

-20%0%20%40%60%80%100%HK:8501+41.41%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 140.00M
Dividend Yield
―
Average Volume (3M)
34.27K
Price to Earnings (P/E)
-6.9
Beta (1Y)
-0.27
Revenue Growth
-17.69%
EPS Growth
-241.71%
Country
Hong Kong
Employees
51
Sector
Industrials
Sector Strength
63
Industry
Consulting Services

Sanbase Corporation Limited Business Overview & Revenue Model

Company Description

Sanbase Corp. Ltd. is an investment holding company, which engages in the provision of interior fit-out management and solutions. It operates through the following segments: Bare Sell Fit-Out, Restacking, Reinstatement, Design, Churn Works, and Maint...

Sanbase Corporation Limited Financial Statement Overview

Summary

Financials are mixed: the balance sheet is conservatively levered with very low debt, but operating performance weakened sharply in 2026 with revenue down ~41% YoY, gross margin compressing to ~1%, and losses widening. Cash flow improved in 2026 with positive operating and free cash flow, but multi-year cash generation has been volatile.

Income Statement

27Negative

Balance Sheet

74Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue620.27M344.71M418.77M428.08M517.60M413.12M
Gross Profit15.24M3.56M19.76M25.19M33.16M22.74M
EBITDA-11.14M-13.76M1.83M4.45M7.94M-2.20M
Net Income-14.56M-13.59M-3.98M-1.37M751.00K-5.74M
Balance Sheet
Total Assets220.50M220.50M281.79M266.36M334.48M287.04M
Cash, Cash Equivalents and Short-Term Investments132.52M125.95M103.62M139.64M109.70M119.78M
Total Debt1.71M1.71M2.55M4.12M2.02M3.57M
Total Liabilities109.64M109.64M141.78M122.38M189.78M144.89M
Stockholders Equity107.66M107.66M132.88M136.93M137.63M136.86M
Cash Flow
Free Cash Flow31.81M19.05M-18.23M34.49M-6.65M10.54M
Operating Cash Flow31.94M19.18M-18.16M34.57M-6.48M11.63M
Investing Cash Flow-422.50K-7.72M-12.64M-78.00K-173.00K-1.09M
Financing Cash Flow-6.04M-1.93M-5.25M-4.20M-2.89M-3.32M

Sanbase Corporation Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.70

Price Trends

50DMA0.84Negative
100DMA0.82Negative
200DMA0.72Negative

Market Momentum

MACD-0.04Positive
RSI22.96Positive
STOCH-0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8501, the sentiment is Negative. The current price of 0.70 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.84, and below the 200-day MA of 0.72, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 22.96 is Positive, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8501.

Sanbase Corporation Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:8501 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1568HK:156871OutperformHKD 1.32B4.617.71%8.26%1.92%-2.09%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:8501HK:850155NeutralHKD 138.56M-6.87-17.37%―-17.69%-241.71%
HK:3893HK:389346NeutralHKD 1.41B-1.97436.38%―17.87%-306.00%
HK:1376HK:137642NeutralHKD 96.00M26.07-40.37%―――
HK:1867HK:186741NeutralHKD 283.86M-17.27-32.10%―-33.88%67.16%
HK:8455HK:845519UnderperformHKD 23.04M-1.65423.51%―9.01%38.27%

* Industrials Sector Average

Performance Comparison

0%100%200%HK:8501HK:1376HK:1568HK:1867HK:3893HK:8455Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8501 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8501Sanbase Corporation Limited0.700.2041.41%
HK:1376Raffles Interior Ltd.0.10-0.14-59.66%
HK:1568Sundart Holdings Ltd.0.60-0.07-10.64%
HK:1867Standard Development Group Limited0.19-0.09-32.14%
HK:3893CROSSTEC Group Holdings Ltd.1.330.4551.70%
HK:8455Lai Group Holding Co Ltd0.02-0.03-52.00%
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: Sep 24, 2026