企業概要
Neo-Concept International Group Holdings Limited operates as a provider of comprehensive apparel solutions across the United States, Canada, the United Kingdom, and various international markets, offering a full suite of services that spans market trend analysis, product design and development, and raw material sourcing. The company functions within the Consumer Cyclical sector, specifically in the Apparel Manufacturing industry, which positions it as a producer of goods whose demand is directly tied to broader economic conditions and consumer discretionary spending patterns. Currently, the entity holds a market capitalization of $10.61M and generates an annual revenue of $216.65M, though the employee count is not disclosed in available records. These valuation and revenue figures indicate that the company operates as a small-cap entity with a significant revenue base relative to its market valuation, suggesting a potential disconnect between its sales scale and current investor pricing.
財務健全性
The company reports a Trailing Twelve Months revenue of $216.65M alongside a net income of $8.69M and an EBITDA of $17.30M, revealing a cost structure where net income constitutes approximately 40% of EBITDA after accounting for interest, taxes, depreciation, and amortization. Free cash flow stands at $4.15M, which represents the actual cash available for operational reinvestment or debt servicing after capital expenditures, indicating a modest level of financial flexibility despite the high debt load. Profitability analysis shows a gross margin of 27.2%, an operating margin of 3.8%, and a profit margin of 4.0%, where the low operating margin relative to the gross margin suggests significant operating expenses such as SG&A are compressing earnings before the final profit margin is reached. The balance sheet presents a highly leveraged profile with total debt of $68.74M against cash holdings of only $1.87M, resulting in a debt-to-equity ratio of 118.14, which signifies substantial reliance on borrowed capital rather than equity financing. Short-term liquidity is supported by a current ratio of 1.85, implying that current assets are sufficient to cover current liabilities with a buffer of nearly double the obligation amount. Return metrics indicate a return on equity of 16.1% and a return on assets of 6.2%, demonstrating that management generates higher returns on the shareholders' invested capital compared to the total asset base, likely due to the leverage present on the balance sheet.
バリュエーション評価
The stock trades with a trailing P/E ratio of 2.00 while the forward P/E is not available, a discrepancy that prevents a direct comparison of expected earnings trajectory but suggests the market is pricing the current earnings aggressively low. The price-to-book ratio is 0.31, indicating that the market values the company at significantly less than its book value, which typically points to a distressed valuation or a market that does not expect high future growth. Alternative valuation metrics include a price-to-sales ratio of 0.05 and an EV/EBITDA of 4.00, suggesting the market is valuing the company based on sales and earnings on a very conservative basis compared to industry peers. The 52-week trading range spans from a low of $0.32 to a high of $13.81, and without a specific current price provided in the source facts, the exact percentage deviation cannot be calculated, but the wide range illustrates extreme historical volatility. The beta value is not available in the provided data, which precludes an assessment of the stock's price volatility relative to the broader market index.
Growth & Income
Revenue growth for the year-over-year period stands at -24.0%, whereas earnings growth is reported at 34.0%, indicating that earnings are growing significantly faster than revenue, likely driven by cost-cutting measures, margin expansion, or a shift in the sales mix toward higher-margin products. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning the firm reinvests all generated earnings back into the business rather than distributing cash to shareholders. This absence of a dividend payout aligns with the company's high debt levels and low cash reserves, necessitating the retention of earnings to manage obligations and fund operations. Overall, the growth and income profile is characterized by negative top-line growth coupled with positive earnings acceleration and a total absence of dividend income for investors.