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Ajisen (China) Holdings Limited (0538.HK)

HKD0.80 -0.01 (-1.23%)
HK HKSE Consumer Cyclical Restaurants
Address Ajisen Group Tower
Hong Kong, HK
CEO Wai Poon
IPO 2007-03-30
ISIN KYG0192S1093

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Description

Ajisen (China) Holdings Limited, an investment holding company, operates a chain of fast casual restaurants in the People's Republic of China and Hong Kong Special Administrative Region. It operates through Operation of Restaurants; Manufacture and Sales of Noodles and Related Products; and Investment Holding segments. The company's restaurants offer Japanese ramen and Japanese-style dishes under the Ajisen brand. It also invests in properties, and unlisted equity instruments and fund investments. In addition, the company manufactures, trades in, and sells noodles; provides management services; and operates food processing centre and noodle factory, as well as So Pho chain restaurants. Ajisen (China) Holdings Limited was founded in 1968 and is headquartered in Yau Tong, Hong Kong.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD0.80 -0.01 (-1.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
383.5K
Beta
0.41
Float Shares
534.76M
Free Float %
49.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.04% -1.04% -4.04% +3.26% +6.74% +10.47% +21.79% +2.15% -33.57% -70.40% -86.62%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.80
DCF (Unlevered) 8.60 +974.5%
DCF (Levered) 13.74 +1,618.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.86
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Restaurants: +7.4%
    +3.9% Q4'25: +1.1% (vs Q4'23)
  • EPS growth Restaurants: +14.8%
    +226.5% Q4'25: -91.4% (vs Q4'23)
  • FCF margin FCF growth · Restaurants: +21.6%
    +16.2% Q4'25: +22.9% (vs Q4'23)
  • EBIT margin Restaurants: +6.1%
    +3.6% Q4'25: +3.5% (vs Q4'23)
  • ROIC Restaurants: +6.2%
    +2.0% Q4'25: +4.2% (vs Q4'23)
  • Share dilution Restaurants: +0.0%
    +0.0% Q4'25: -0.3% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Restaurants: 0.72×
    1.65× Q4'25: 0.80× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.43) × ERP
WACC = 58% × Ke + 42% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 8.64 Current price: 0.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Revenue
2.61B
est: 3.16B (-17.4%)
2.38B
est: 2.84B (-16.3%)
2.33B
est: 3.07B (-24.1%)
2.38B
est: 2.67B (-11.0%)
2.57B
est: 2.91B (-11.8%)
1.82B
est: 2.38B (-23.6%)
2.00B
est: 2.50B (-20.3%)
1.43B
est: 1.79B (-20.1%)
1.82B
est: 1.84B (-1.4%)
1.72B
est: 1.72B (+0.0%)
EBITDA
462.10M
est: 535.91M (-13.8%)
1.10B
est: 481.49M (+128.4%)
-376.97M
est: 520.48M (-172.4%)
836.46M
est: 452.86M (+84.7%)
534.20M
est: 492.89M (+8.4%)
396.48M
est: 403.51M (-1.7%)
162.59M
est: 424.13M (-61.7%)
216.74M
est: 303.32M (-28.5%)
583.75M
est: 311.81M (+87.2%)
128.44M
est: 290.96M (-55.9%)
EBIT
300.76M
est: 23.18M (+1,197.6%)
241.76M
est: 20.83M (+1,060.9%)
301.54M
est: 22.51M (+1,239.5%)
231.77M
est: 19.59M (+1,083.3%)
119.23M
est: 21.32M (+459.3%)
-47.22M
est: 17.45M (-370.5%)
24.11M
est: 18.34M (+31.4%)
-150.75M
est: 13.12M (-1,249.1%)
267.05M
est: 13.49M (+1,880.2%)
15.16M
est: 12.58M (+20.4%)
Net Income
190.02M
est: 196.52M (-3.3%)
665.29M
est: 309.95M (+114.6%)
-486.65M
est: -364.79M (-33.4%)
551.02M
est: 185.19M (+197.5%)
156.44M
est: 238.33M (-34.4%)
-77.87M
est: -88.78M (+12.3%)
20.94M
est: 73.26M (-71.4%)
-143.91M
est: -109.80M (-31.1%)
181.19M
est: -34.14M (+630.7%)
-20.22M
SGA
406.48M
est: 84.01M (+383.9%)
388.09M
est: 75.48M (+414.2%)
382.93M
est: 81.59M (+369.3%)
est: 70.99M (-100.0%)
104.05M
est: 77.26M (+34.7%)
56.19M
est: 63.25M (-11.2%)
51.34M
est: 66.48M (-22.8%)
34.91M
est: 47.55M (-26.6%)
57.71M
est: 48.88M (+18.1%)
34.36M
est: 45.61M (-24.7%)
EPS
0.17
est: 0.18 (-5.6%)
0.61
est: 0.28 (+114.8%)
-0.45
est: -0.33 (-34.6%)
0.50
est: 0.17 (+194.7%)
0.14
est: 0.22 (-35.9%)
-0.07
est: -0.08 (+12.3%)
0.02
est: 0.07 (-71.4%)
-0.13
est: -0.10 (-29.2%)
0.17
est: -0.03 (+643.5%)
-0.02
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-28 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-27 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-26 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-22 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-21 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-20 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-19 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-18 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-15 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-14 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-13 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-12 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-11 A- 4/5 5/5 2/5 3/5 3/5 2/5 5/5
2026-05-08 B+ 3/5 5/5 2/5 3/5 2/5 2/5 5/5
2026-05-07 B+ 3/5 5/5 2/5 3/5 2/5 2/5 5/5
2026-05-06 B+ 3/5 5/5 2/5 3/5 2/5 2/5 5/5
2026-05-05 B+ 3/5 5/5 2/5 3/5 2/5 2/5 5/5
2026-05-04 B+ 3/5 5/5 2/5 3/5 2/5 2/5 5/5
2026-04-30 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-29 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-28 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-27 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-24 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-23 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-22 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-21 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-20 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-17 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5
2026-04-16 A- 4/5 5/5 2/5 4/5 2/5 2/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
780.35M
OE per share TTM
0.71
Owner's Yield
75.46%
Maintenance CapEx ratio
180.99%
Maint CapEx / Avg PPE
54.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
39.6K
Shares Outstanding
1.09B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Wai Poon Founder, Executive Chairman & Chief Executive Officer 2M female
Minna Ng Director of New Business Dept. & Operating Officer of Hong Kong & Macau and Executive Director 1M female
Kan Man Poon Chief Marketing Officer & Executive Director 1M male
Jennifer Zeng Investor Relations Officer
Tung Ching Ng Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits