FIH Mobile Limited (2038.HK) Financial Analysis

In short

FIH Mobile Limited (2038.HK) has revenue up 16.7% to $6.7B and operating cash flow down 70.2% to $107.8M year on year. Its net margin is 0.8% and gross margin 3.1%, and it trades at 24.8× trailing earnings. Fisclear flags 1 medium-severity risk and no high-severity ones. How we calculate this

Valuation

Technology

Live · Yahoo Finance

Price

HK$13.86

Market Cap

HK$10.8B

P/E (TTM)

25.2x

Price ÷ earnings per share

P/B

0.9x

Price ÷ book value

P/S (TTM)

1.6x

Price ÷ revenue per share

EV / EBITDA

52.7x

Beta

0.75

Moderate market correlation

Dividend Yield

1.95%

PEG Ratio

0.9x

P/E ÷ earnings growth rate

52-Week Range

HK$13.51HK$13.86 nowHK$31.46

4-engine score — Quality and Peers engines require SEC EDGAR (US stocks only)

Efficiency

36/100

Value

47/100

Cashflow

42/100

Regime

50/100

PEG 0.94 — below growth rate.

⚠ Negative FCF — consuming cash.

Revenue growing 17% YoY.

Based on filing period ending Dec 2025

International FisclearScore uses 4 engines (no EDGAR data). Based on Yahoo Finance & Alpha Vantage reported financials. Not financial advice.

2038.HK vs

🇭🇰 Hong Kong Macro Indicators

Full dashboard →

CPI Inflation

1.44%→

Near target

GDP Growth

3.49%↑

Strong

USD/HKD

7.85→

Current Account

12.25% GDP↑

Surplus

CPI inflation is 1.4% year-over-year (inflation near target); GDP growth is 3.5% year-over-year (moderate growth); USD/HKD is at 7.8470.

SWOT Analysis — 2038.HK

Inflationary Boom

Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

✦

Strengths

Net Income: $52.7M (+359.3% YoY) — Profit grew 359% — the company kept more of each dollar earned.
EPS (Diluted): USD 0.07 (+357.7% YoY) — Earnings per share rose 358% — each share earned more.
Gross Profit: $205.2M (+52.4% YoY) — Gross profit rose 52% — the spread between revenue and direct costs improved.
Revenue: $6.7B (+16.7% YoY) — Revenue grew 17% — the company sold more goods or services than the prior year.

◈

Weaknesses

Operating Cash Flow: $107.8M (-70.2% YoY) — Operating cash flow fell 70% but remained positive.
Price-to-book ratio of 0.89x — stock trades below book value, which may indicate market concerns about asset quality or profitability.

◎

Opportunities

No clear opportunities identified at this time.

⚠

Threats

Stock is within 10% of its 52-week low (13.51) — the market may be pricing in significant risk or sector weakness.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Operating Cash Flow

Year-over-Year Changes

Net Income

$52.7M

was -$20.3M

+359.3%

Profit grew 359% — the company kept more of each dollar earned.

EPS (Diluted)

USD 0.07

was USD -0.03

+357.7%

Earnings per share rose 358% — each share earned more.

Operating Cash Flow

$107.8M

was $362.2M

−70.2%

Operating cash flow fell 70% but remained positive.

Gross Profit

$205.2M

was $134.6M

+52.4%

Gross profit rose 52% — the spread between revenue and direct costs improved.

Revenue

$6.7B

was $5.7B

+16.7%

Revenue grew 17% — the company sold more goods or services than the prior year.

Risk Flags

0 high · 1 medium · 1 low

◈ Medium
Stock is within 10% of its 52-week low (13.51) — the market may be pricing in significant risk or sector weakness.
○ Low
Price-to-book ratio of 0.89x — stock trades below book value, which may indicate market concerns about asset quality or profitability.

Price HistoryHKD

Technical Signals

Daily closes · 1-year data

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External Links

Research FIH Mobile Limited

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Data sourced from HKEX, FRED (Federal Reserve), OECD, BIS, and Yahoo Finance. For informational purposes only. Not financial advice.