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PMAX · Nasdaq · United States · Services-Miscellaneous Business Services
In shortPowell Max Ltd is loss-making, burns cash and holds more cash than debt, with revenue shrinking (−25.8% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -44.0% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -49.6% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -607.1% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -50.5% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.45× | 54/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.18× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -7.97× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.04 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -35.4% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 2 of 3 | 58/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 3 | 33/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 2 | 17/100 |
| Revenue growth volatility | 39.5% | 0/100 |
| Operating margin volatility | 31.2% | 0/100 |
Weight in the score: 20%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 3 fiscal years from the company's annual reports.
HKD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 38 | 49 | 36 |
| Cost of revenue | 22 | 25 | 22 |
| Gross profit | 16 | 24 | 14 |
| Selling, general & admin | 5.3 | 4.5 | 7 |
| Operating income | 0.6 | 7.6 | (16) |
| Interest expense | 0.7 | 0.6 | 2 |
| Pre-tax income | (0.1) | 7.1 | (18) |
| Net income | (0.1) | 7.1 | (18) |
| Diluted EPS | −HKD0.01 | HKD0.56 | −HKD1.37 |
| Diluted shares (millions) | 13 | 13 | 13 |
−1.04 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 28, 2025