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Polyfair Holdings Ltd.
(8532)
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Rating:40Underperform
Price Target:
HK$0.07
▲(570.00% Upside)
Action:Downgraded
Date:08/04/26
The score is driven primarily by severe financial deterioration (sharp revenue decline, deep losses, negative equity, and volatile/negative cash flow), which materially elevates solvency and funding risk. Technical indicators add a mildly bearish bias due to the price sitting below key moving averages and a negative MACD. Valuation provides little offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Historical Cash Generation
The strong operating and free cash flow recorded in 2024 shows the business has previously demonstrated an ability to convert operations into internally generated funds. Although recent performance weakened, that history provides evidence of potential cash-generation capacity if profitability and working capital recover.
Negative Factors
Revenue and Profitability Collapse
Sharp revenue contraction combined with negative gross profit and a deeply negative net margin indicates that the core business is currently failing to cover its operating and delivery economics. Persistent margin pressure can erode competitiveness, restrict reinvestment, and prolong losses over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Cash Generation
The strong operating and free cash flow recorded in 2024 shows the business has previously demonstrated an ability to convert operations into internally generated funds. Although recent performance weakened, that history provides evidence of potential cash-generation capacity if profitability and working capital recover.
Read all positive factors
Polyfair Holdings Ltd. (8532) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.03M
Dividend YieldN/A
Average Volume (3M)246.77K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth-58.43%
EPS Growth63.99%
CountryHK
Employees13
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.83
Shares Outstanding84,874,400
10 Day Avg. Volume363,840
30 Day Avg. Volume246,773
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.05
Price to Sales (P/S)0.05
P/FCF Ratio-1.43
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
Polyfair Holdings Ltd. Business Overview & Revenue Model
Company Description
Polyfair Holdings Limited functions as an investment vehicle primarily involved in Hong Kong's construction industry. The company is particularly skilled in designing and delivering innovative façade systems and curtain wall solutions for both res...
Polyfair Holdings Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
22
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 98.77M | 237.59M | 427.34M | 330.71M | 362.09M |
| Gross Profit | -92.00K | -83.28M | 24.13M | 16.94M | 16.48M |
| EBITDA | -44.94M | -122.39M | 14.34M | 12.27M | 9.28M |
| Net Income | -49.55M | -133.07M | 1.24M | 3.02M | 2.66M |
Balance Sheet | |||||
| Total Assets | 127.61M | 213.18M | 376.61M | 323.04M | 253.77M |
| Cash, Cash Equivalents and Short-Term Investments | 471.00K | 46.24M | 12.70M | 14.53M | 12.50M |
| Total Debt | 93.29M | 135.00M | 151.03M | 172.38M | 119.39M |
| Total Liabilities | 235.06M | 271.08M | 303.35M | 251.01M | 184.74M |
| Stockholders Equity | -107.45M | -57.90M | 73.26M | 72.03M | 69.03M |
Cash Flow | |||||
| Free Cash Flow | -3.74M | 890.00K | 29.84M | -30.46M | -12.23M |
| Operating Cash Flow | -3.74M | 890.00K | 29.94M | -30.41M | -12.12M |
| Investing Cash Flow | 10.15M | 0.00 | 83.00K | -10.49M | -110.00K |
| Financing Cash Flow | -33.81M | -17.84M | -31.42M | 43.01M | 14.05M |
Polyfair Holdings Ltd. Technical Analysis
Positive
0.01
Price Trends
0.06
Positive
0.07
Positive
0.08
Negative
Market Momentum
<0.01
Negative
64.21
Neutral
33.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8532, the sentiment is Positive. The current price of 0.01 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.21 is Neutral, neither overbought nor oversold. The STOCH value of 33.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8532.
Polyfair Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | HK$90.72M | 1.61 | 10.81% | 11.11% | -5.20% | 420.03% | |
66 Neutral | HK$87.00M | 15.82 | 3.14% | 6.37% | 9.25% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
40 Underperform | HK$6.03M | -0.03 | 241.88% | ― | -58.43% | 63.99% | |
38 Underperform | HK$17.35M | -0.27 | 8.24% | 0.52% | ― | ― | |
38 Underperform | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% | |
33 Underperform | HK$55.28M | -2.88 | -26.72% | ― | -36.27% | -4.08% |
* Industrials Sector Average
HK:8532
Polyfair Holdings Ltd.
0.07
-0.17
-71.67%
HK:0406
Yau Lee Holdings Limited
0.51
-0.22
-30.82%
HK:3822
Sam Woo Construction Group Ltd.
1.08
0.14
14.89%
HK:6189
Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H
0.07
0.00
0.00%
HK:8445
Noble Engineering Group Holdings Limited
0.20
0.04
25.00%
HK:8616
Sunray Engineering Group Limited
0.09
0.05
117.50%
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.