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Metasurface Technologies Holdings Limited (HK:8637)
:8637
Hong Kong Market
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Metasurface Technologies Holdings Limited (8637) AI Stock Analysis

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HK:8637

Metasurface Technologies Holdings Limited

(8637)

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Outperform 75 (OpenAI - Gpt-5.6Sol)
Rating:75Outperform
Price Target:
HK$4.00
▲(175.86% Upside)
Action:Upgraded
Date:09/14/26
Overall score reflects solid financial performance driven by strong TTM growth and profitability with moderate current leverage, tempered by weakening cash conversion and declining free cash flow. Technicals add support with the stock trading above key moving averages and healthy momentum. Valuation is a key positive due to the low P/E, with no dividend data available.
Positive Factors
Strong revenue growth and profitability
Strong TTM revenue growth alongside healthy gross, EBITDA, and net margins indicates meaningful operating scale and sustained profitability. The company is consistently profitable after its 2021 loss year, providing a stronger base for reinvestment and earnings generation over the coming quarters.
Negative Factors
Declining free cash flow and weaker earnings coverage
The decline in free cash flow and operating cash flow below net income indicate that cash conversion has weakened relative to reported earnings. If this persists, greater working-capital needs or reinvestment demands could reduce internally available funds and make growth more cash intensive.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and profitability
Strong TTM revenue growth alongside healthy gross, EBITDA, and net margins indicates meaningful operating scale and sustained profitability. The company is consistently profitable after its 2021 loss year, providing a stronger base for reinvestment and earnings generation over the coming quarters.
Read all positive factors

Metasurface Technologies Holdings Limited (8637) vs. iShares MSCI Hong Kong ETF (EWH)

Metasurface Technologies Holdings Limited Business Overview & Revenue Model

Company Description
Metasurface Technologies Holdings Limited offers specialized precision engineering solutions to original equipment manufacturers (OEMs) and contract manufacturers (CMs) located in Singapore. A core aspect of its services involves precision machini...

Metasurface Technologies Holdings Limited Financial Statement Overview

Summary
Income statement strength (revenue up ~24.3% TTM with solid margins and improved profitability) is partially offset by softer cash flow quality (FCF down ~26.3% TTM and operating cash flow only ~0.73x of net income) and some margin compression versus 2025. Balance sheet leverage is currently moderate (debt-to-equity ~0.38) with solid ROE (~17.8%), though historical leverage swings warrant monitoring.
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue454.37M284.00M214.52M38.77M222.12M111.37M
Gross Profit124.01M97.05M70.60M14.41M91.17M45.76M
EBITDA83.08M63.31M35.39M8.60M61.63M16.70M
Net Income75.53M60.28M18.16M27.26M18.13M-15.48M
Balance Sheet
Total Assets656.73M699.31M435.05M413.54M403.90M363.94M
Cash, Cash Equivalents and Short-Term Investments123.50M134.75M108.77M54.61M25.56M13.51M
Total Debt161.65M166.89M168.23M33.10M209.17M253.83M
Total Liabilities233.19M215.71M210.92M253.73M274.08M287.03M
Stockholders Equity423.54M483.60M224.13M159.81M123.93M73.93M
Cash Flow
Free Cash Flow37.58M41.99M29.93M52.02M38.19M18.97M
Operating Cash Flow53.51M58.32M36.17M53.62M42.17M19.69M
Investing Cash Flow-14.21M-15.20M-8.87M-2.41M1.15M5.50M
Financing Cash Flow-27.78M-17.41M30.57M-22.10M-31.33M-9.97M

Metasurface Technologies Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.45
Price Trends
50DMA
3.46
Positive
100DMA
3.56
Positive
200DMA
2.92
Positive
Market Momentum
MACD
0.04
Negative
RSI
59.39
Neutral
STOCH
74.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8637, the sentiment is Positive. The current price of 1.45 is below the 20-day moving average (MA) of 3.40, below the 50-day MA of 3.46, and below the 200-day MA of 2.92, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 59.39 is Neutral, neither overbought nor oversold. The STOCH value of 74.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8637.

Metasurface Technologies Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
HK$544.14M5.7217.82%17.49%160.74%
62
Neutral
HK$15.52B18.9812.98%2.01%19.63%16.42%
61
Neutral
HK$56.73B20.0111.51%1.24%30.55%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
45
Neutral
HK$9.26B-54.63-5.65%66.66%-87.31%
41
Neutral
HK$1.79B54.361.91%4.58%-3.71%-89.20%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8637
Metasurface Technologies Holdings Limited
3.63
1.78
96.22%
HK:0558
L.K. Technology Holdings Limited
1.31
-3.16
-70.67%
HK:1286
Impro Precision Industries Limited
7.97
4.26
114.94%
HK:2432
Shenzhen Dobot Corp Ltd Class H
21.04
-32.76
-60.89%
HK:3200
Shenzhen Han's CNC Technology Co., Ltd. Class H
103.60
-5.87
-5.36%
HK:0470
Wuxi Lead Intelligent Equipment Co., Ltd. Class H
26.48
-19.03
-41.82%
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 14, 2026