Powell Max Limited Class A Ordinary Shares (PMAX) 10-Year Financial Performance & Capital Metrics

PMAX • • Industrial / General

IndustrialsBusiness ServicesPrinting & Communications ServicesFinancial Printing & Communications

AboutPowell Max Limited, through its subsidiary, provides corporate financial communications and financial printing services in Hong Kong. The company offers financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors. Its financial communications services include a range of financial printing, corporate reporting, and communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement, and distribution. The company also provides services to help its clients to comply with their disclosure and reporting obligations, create, manage, and deliver financial communications and manage transaction processes. In addition, it offers ancillary financial support services, such as the rental of conference room facilities. The company was incorporated in 2019 and is headquartered in Central, Hong Kong. Powell Max Limited is a subsidiary of Bliss On Limited.Show more

Revenue $36M -25.9%
EBITDA -$13M -207.2%
Net Income -$18M -354.8%
EPS (Diluted) -1.22 -350.8%
Gross Margin 27.25% -29.1%
EBITDA Margin -37.1% -244.7%
Operating Margin -49.29% -419.6%
Net Margin -49.57% -444.0%
ROE -604.32%
ROIC -
Debt/Equity 0.94
Interest Coverage -8.88 -164.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-426.4%

5Y Avg-426.4%

3Y Avg-426.4%

Latest-426.4%

Peer Comparison

Financial Printing & Communications

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ANPARich Sparkle Holdings Limited Ordinary Shares	1.05B	84.01	1280.64	-6.13%	13.94%	38.52%	0.08%	0.46
PMAXPowell Max Limited Class A Ordinary Shares	6.7M	2.53	-2.07	-25.92%	-49.57%	-6.04%		0.94

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	37.64M	49M	36.3M
Revenue Growth %	-	0.3%	-0.26%
Cost of Goods Sold+	27.17M	30.18M	26.41M
COGS % of Revenue	0.72%	0.62%	0.73%
Gross Profit+	10.47M	18.82M	9.89M
Gross Margin %	0.28%	0.38%	0.27%
Gross Profit Growth %	-	0.8%	-0.47%
Operating Expenses+	11.73M	11.26M	27.78M
OpEx % of Revenue	0.31%	0.23%	0.77%
Selling, General & Admin	11.73M	11.26M	27.78M
SG&A % of Revenue	0.31%	0.23%	0.77%
Research & Development	0	0	0
R&D % of Revenue	-	-	-
Other Operating Expenses	0	0	0
Operating Income+	-1.26M	7.56M	-17.89M
Operating Margin %	-0.03%	0.15%	-0.49%
Operating Income Growth %	-	7.02%	-3.37%
EBITDA+	3.77M	12.56M	-13.47M
EBITDA Margin %	0.1%	0.26%	-0.37%
EBITDA Growth %	-	2.33%	-2.07%
D&A (Non-Cash Add-back)	5.03M	5M	4.42M
EBIT	589.75K	7.61M	-15.99M
Net Interest Income+	-688.99K	-502.48K	-1.73M
Interest Income	1.49K	48.23K	286.32K
Interest Expense	690.48K	550.71K	2.02M
Other Income/Expense	1.16M	-495.33K	-101.84K
Pretax Income+	-98.25K	7.06M	-17.99M
Pretax Margin %	-0%	0.14%	-0.5%
Income Tax+	0	0	0
Effective Tax Rate %	1%	1%	1%
Net Income+	-98.25K	7.06M	-17.99M
Net Margin %	-0%	0.14%	-0.5%
Net Income Growth %	-	72.87%	-3.55%
Net Income (Continuing)	-98.25K	7.06M	-17.99M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)+	0.00	0.49	-1.22
EPS Growth %	-	-	-3.51%
EPS (Basic)	0.00	0.49	-1.22
Diluted Shares Outstanding	14.52M	14.52M	14.69M
Basic Shares Outstanding	14.52M	14.52M	14.69M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	9.28M	17.17M	58.32M
Cash & Short-Term Investments	1.4M	3.66M	42.22M
Cash Only	1.4M	3.66M	42.22M
Short-Term Investments	0	0	0
Accounts Receivable	6.52M	10.99M	8.01M
Days Sales Outstanding	63.2	81.87	80.54
Inventory	0	0	0
Days Inventory Outstanding	-	-	-
Other Current Assets	0	962.82K	0
Total Non-Current Assets+	10.55M	5.82M	4.25M
Property, Plant & Equipment	10.55M	5.82M	4.25M
Fixed Asset Turnover	3.57x	8.42x	8.53x
Goodwill	0	0	0
Intangible Assets	0	0	0
Long-Term Investments	0	0	0
Other Non-Current Assets	0	0	0
Total Assets+	19.83M	22.99M	62.57M
Asset Turnover	1.90x	2.13x	0.58x
Asset Growth %	-	0.16%	1.72%
Total Current Liabilities+	37.54M	37.03M	40.14M
Accounts Payable	6.16M	7.22M	7.23M
Days Payables Outstanding	82.79	87.36	99.94
Short-Term Debt	5.47M	4.77M	17.71M
Deferred Revenue (Current)	1000K	1000K	1000K
Other Current Liabilities	0	0	6.76M
Current Ratio	0.25x	0.46x	1.45x
Quick Ratio	0.25x	0.46x	1.45x
Cash Conversion Cycle	-	-	-
Total Non-Current Liabilities+	4.63M	1.27M	1.16M
Long-Term Debt	0	0	0
Capital Lease Obligations	4.48M	1.12M	1.01M
Deferred Tax Liabilities	0	0	0
Other Non-Current Liabilities	150K	150K	150K
Total Liabilities	42.18M	38.3M	41.3M
Total Debt+	13.29M	9.25M	20.1M
Net Debt	11.9M	5.59M	-22.13M
Debt / Equity	-	-	0.94x
Debt / EBITDA	3.52x	0.74x	-
Net Debt / EBITDA	3.15x	0.45x	-
Interest Coverage	-1.82x	13.72x	-8.88x
Total Equity+	-22.34M	-15.31M	21.27M
Equity Growth %	-	0.31%	2.39%
Book Value per Share	-1.54	-1.05	1.45
Total Shareholders' Equity	-22.34M	-15.31M	21.27M
Common Stock	390K	9.75K	11.46K
Retained Earnings	-22.76M	-15.68M	-33.75M
Treasury Stock	0	0	0
Accumulated OCI	25.14K	358.01K	55.01M
Minority Interest	0	0	0

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.47M	7.11M	-11.41M
Operating CF Margin %	0.15%	0.15%	-0.31%
Operating CF Growth %	-	0.3%	-2.6%
Net Income	-98.6K	7.08M	-18.07M
Depreciation & Amortization	5.05M	5.02M	4.44M
Stock-Based Compensation	0	0	0
Deferred Taxes	0	0	0
Other Non-Cash Items	955.82K	1.49M	2.22M
Working Capital Changes	-430.91K	-6.48M	1.31K
Change in Receivables	-478.19K	-5.65M	-4.08M
Change in Inventory	0	0	0
Change in Payables	0	0	0
Cash from Investing+	-465.35K	-239.07K	-1.2M
Capital Expenditures	-466.83K	-287.31K	-1.49M
CapEx % of Revenue	0.01%	0.01%	0.04%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	1.49K	48.23K	286.32K
Cash from Financing+	-4.21M	-4.61M	51.18M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	-154.31K	-195.81K	2.96M
Net Change in Cash	-	-	-
Free Cash Flow+	5.01M	6.83M	-12.9M
FCF Margin %	0.13%	0.14%	-0.36%
FCF Growth %	-	0.36%	-2.89%
FCF per Share	0.34	0.47	-0.88
FCF Conversion (FCF/Net Income)	-55.71x	1.01x	0.63x
Interest Paid	0	0	0
Taxes Paid	0	0	0

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	-	-	-604.32%
Gross Margin	27.82%	38.41%	27.25%
Net Margin	-0.26%	14.41%	-49.57%
Debt / Equity	-	-	0.94x
Interest Coverage	-1.82x	13.72x	-8.88x
FCF Conversion	-55.71x	1.01x	0.63x
Revenue Growth	-	30.18%	-25.92%

Frequently Asked Questions

Growth & Financials

Powell Max Limited Class A Ordinary Shares (PMAX) reported $36.3M in revenue for fiscal year 2024. This represents a 4% decrease from $37.6M in 2022.

Powell Max Limited Class A Ordinary Shares (PMAX) saw revenue decline by 25.9% over the past year.

Powell Max Limited Class A Ordinary Shares (PMAX) reported a net loss of $18.0M for fiscal year 2024.

Dividend & Returns

Powell Max Limited Class A Ordinary Shares (PMAX) has a return on equity (ROE) of -604.3%. Negative ROE indicates the company is unprofitable.

Powell Max Limited Class A Ordinary Shares (PMAX) had negative free cash flow of $12.9M in fiscal year 2024, likely due to heavy capital investments.

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