Birmingham Sports Holdings Limited (2309) AI Stock Analysis

• Market Cap: HK$2.00B
• Dividend Yield: N/A
• Average Volume (3M): 2.56M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: 20.23%
• EPS Growth: -643.79%
• Country: HK
• Employees: 420
• Sector: Communication Services
• Sector Strength: 80
• Industry: Entertainment
• EPS (TTM): -0.33
• Shares Outstanding: 815,257,450
• 10 Day Avg. Volume: 2,151,030
• 30 Day Avg. Volume: 2,561,812
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Birmingham Sports Holdings Limited exhibits significant financial weaknesses, with persistent losses and negative cash flow. The company's high leverage and negative profitability metrics are major concerns. Technical indicators suggest possible short-term recovery, but the lack of consistent positive earnings and a negative P/E ratio highlight long-term risks. The absence of earnings call insights or corporate events further emphasizes the need for strategic improvements.

Birmingham Sports Holdings Limited Business Overview & Revenue Model

Company Description

Birmingham Sports Holdings Limited (2309) is a diversified investment holding company based in Hong Kong. The company's primary focus is on the sports and entertainment sectors, with a significant investment in the football industry. Its flagship asset is Birmingham City Football Club, a professional football club competing in the English Football League. Beyond sports, the company also explores investment opportunities in property development and other strategic sectors to enhance its portfolio.

How the Company Makes Money

Birmingham Sports Holdings Limited generates revenue primarily through its ownership of Birmingham City Football Club. Key revenue streams include matchday income from ticket sales, broadcasting rights, commercial sponsorships, and merchandise sales. The company benefits from broadcasting agreements and league distributions, which are significant contributors to its earnings. Additionally, the company seeks to leverage its brand and assets for commercial partnerships and sponsorship deals, further bolstering its financial position. While football operations are the core revenue driver, the company also explores property development projects, which can provide additional income streams and asset appreciation over time.

Birmingham Sports Holdings Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
275.24M	217.10M	220.94M	165.02M	231.53M
	Gross Profit
-295.31M	-233.95M	-309.94M	-338.97M	-302.67M
	EBIT
-295.31M	-272.92M	-345.31M	-389.07M	-356.05M
	EBITDA
-195.22M	-15.36M	-785.00K	16.31M	-133.58M
	Net Income Common Stockholders
-182.78M	-25.66M	-40.66M	-74.23M	-260.48M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
145.31M	14.75M	35.71M	44.76M	38.80M
	Total Assets
1.26B	959.57M	1.02B	1.08B	1.06B
	Total Debt
627.79M	340.78M	432.92M	397.97M	545.29M
	Net Debt
482.49M	326.03M	397.21M	353.22M	506.49M
	Total Liabilities
1.05B	758.13M	794.99M	771.95M	748.43M
	Stockholders Equity
458.27M	520.05M	488.01M	535.30M	326.75M
Cash Flow		Free Cash Flow
-558.36M	-285.48M	-276.81M	-416.79M	-358.70M
	Operating Cash Flow
-341.05M	-242.05M	-240.85M	-355.22M	-267.74M
	Investing Cash Flow
-115.99M	22.46M	93.96M	315.88M	-47.02M
	Financing Cash Flow
584.58M	199.14M	124.18M	39.81M	273.61M

Birmingham Sports Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2309, the sentiment is Positive. The current price of 2.45 is above the 20-day moving average (MA) of 2.39, above the 50-day MA of 2.31, and below the 200-day MA of 2.48, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 53.72 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2309.

Birmingham Sports Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2388	78 Outperform	$306.61B	8.02	11.58%	5.93%	8.61%	16.84%
3888	76 Outperform	$50.97B	30.34	7.09%	0.36%	18.66%	219.56%
Sector *	58 Neutral	$13.61B	6.75	-2.45%	3.85%	2.33%	-35.55%
0806	48 Neutral	$2.45B	81.29	0.88%	―	-12.96%	35.71%
2038	43 Neutral	$5.57B	―	-1.35%	―	-11.86%	83.17%
2309	35 Underperform	HK$2.00B	―	-61.76%	―	20.23%	-643.79%

Birmingham Sports Holdings Limited Corporate Events

Birmingham Sports Holdings Announces Strategic Share Placement and Subscription

Birmingham Sports Holdings Limited has announced a strategic move involving the placement of new shares under a general mandate and a connected transaction related to the subscription of new shares under a specific mandate. The company has agreed to place up to 37,634,000 new shares at a price of HK$1.86 per share to independent third parties and has entered into a subscription agreement with a substantial shareholder to issue additional shares, potentially increasing their stake to 29.99% of the company’s enlarged share capital. This move is aimed at strengthening the company’s capital base and may have significant implications for its shareholder structure and market positioning.

ZO Future Group Announces Change in Hong Kong Share Registrar

ZO Future Group has announced a change in its branch share registrar and transfer office in Hong Kong, effective from May 2, 2025. The new registrar will be Tricor Investor Services Limited, and shareholders are advised to lodge applications for share transfers with the new office from that date. This change is part of the company’s operational adjustments and may streamline processes for stakeholders involved in share transactions.

ZO Future Group Reports Increased Revenue but Faces Operational Losses in Interim Results

ZO Future Group, a company incorporated in the Cayman Islands, has announced its interim results for the six months ending December 31, 2024. The company reported a significant increase in revenue to HK$172,647,000 from HK$144,331,000 in the same period the previous year. However, the company also experienced a substantial loss from operations amounting to HK$180,108,000, compared to a loss of HK$115,026,000 in the previous year. The total comprehensive expense for the period was HK$198,101,000, with losses attributable to both the owners of the company and non-controlling interests. The financial results indicate challenges in managing operating expenses and highlight the impact of exchange differences on the company’s financial statements.

ZO Future Group Issues Profit Warning Amid Increased Losses

ZO Future Group has issued a profit warning, projecting a substantial increase in losses, approximately HK$120 million for the six months ended December 31, 2024, compared to the previous year’s HK$36.9 million loss. The rise in losses is attributed to multiple factors, including decreased broadcasting income due to Birmingham City Football Club’s relegation, increased finance costs, and higher operating expenses. These financial challenges underscore the company’s current operational difficulties and potential implications for stakeholders.

ZO Future Group Schedules Board Meeting to Review Interim Results

ZO Future Group has announced an upcoming board meeting scheduled for February 28, 2025, to review and approve the interim results for the six months ending on December 31, 2024. This meeting is a significant event as it involves evaluating the company’s financial performance, which could have implications for stakeholders and influence the company’s strategic decisions moving forward.