Powell Max Limited Class A Ordinary Shares(PMAX)Earnings, Financials & Key Ratios
PMAX•NASDAQ
$4.14
$656604 mkt cap·Price updated May 6, 2026
SectorIndustrialsIndustryBusiness ServicesSub-IndustryMarketing, Printing and Investor 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)-122.00-350.8%
- Gross Margin27.25%-29.1%
- EBITDA Margin-37.1%-244.7%
- Operating Margin-49.29%-419.6%
- Net Margin-49.57%-444.0%
- ROE-604.32%
- Debt/Equity0.94
- Interest Coverage-7.93-157.4%
PMAX Key Insights
Powell Max Limited Class A Ordinary Shares (PMAX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PMAX Price & Volume
Powell Max Limited Class A Ordinary Shares (PMAX) stock price & volume — 10-year historical chart
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PMAX Growth Metrics
Powell Max Limited Class A Ordinary Shares (PMAX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
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EPS CAGR
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Return on Capital
10 Years-426.4%
5 Years-426.4%
3 Years-426.4%
Last Year-426.4%
PMAX Peer Comparison
Powell Max Limited Class A Ordinary Shares (PMAX) competitors in Marketing, Printing and Investor Communications — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CANG | 254.01M | 0.55 | 5.76 | -52.73% | -5.15% | -4.06% | 0.04 | |
 RCON | 17.7M | 0.89 | -1.29 | -3.73% | -64.25% | -9.15% | 0.08 | |
 AIXI | 7.9M | 0.75 | -0.47 | 18.84% | -45.89% | |||
 GFAI | 10.88M | 0.50 | -0.94 | 0.18% | -32.94% | -69.69% | 0.08 | |
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 TIGR | 676.45M | 6.93 | 19.25 | 43.68% | 17.64% | 0.27 | ||
 FUTU | 59.73B | 168.00 | 33.86 | 35.79% | 26.38% | 0.31 | ||
 CLPS | 25.89M | 0.93 | -3.56 | 15.17% | -1.27% | -6.06% | 0.59 |
Compare PMAX vs Peers
Powell Max Limited Class A Ordinary Shares (PMAX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PMAX Income Statement
Powell Max Limited Class A Ordinary Shares (PMAX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 37.64M | 49M | 36.3M | 84.37M |
| Revenue Growth % | - | 30.18% | -25.92% | - |
| Cost of Goods Sold | 27.17M | 30.18M | 26.41M | 55.09M |
| COGS % of Revenue | 72.18% | 61.59% | 72.75% | - |
| Gross Profit | 10.47M▲ 0% | 18.82M▲ 79.7% | 9.89M▼ 47.4% | 29.28M▲ 0% |
| Gross Margin % | 27.82% | 38.41% | 27.25% | 34.7% |
| Gross Profit Growth % | - | 79.73% | -47.44% | - |
| Operating Expenses | 11.73M | 11.26M | 27.78M | 65.83M |
| OpEx % of Revenue | 31.16% | 22.99% | 76.54% | - |
| Selling, General & Admin | 11.73M | 11.26M | 27.78M | 65.83M |
| SG&A % of Revenue | 31.16% | 22.99% | 76.54% | - |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 |
| Operating Income | -1.26M▲ 0% | 7.56M▲ 701.9% | -17.89M▼ 336.8% | -36.55M▲ 0% |
| Operating Margin % | -3.34% | 15.42% | -49.29% | -43.32% |
| Operating Income Growth % | - | 701.89% | -336.76% | - |
| EBITDA | 3.77M | 12.56M | -13.47M | -27.77M |
| EBITDA Margin % | 10.03% | 25.63% | -37.1% | -32.91% |
| EBITDA Growth % | - | 232.83% | -207.22% | - |
| D&A (Non-Cash Add-back) | 5.03M | 5M | 4.42M | 8.78M |
| EBIT | 589.75K | 7.61M | -15.99M | -31.9M |
| Net Interest Income | -688.99K | -502.48K | -1.73M | -340.36K |
| Interest Income | 1.49K | 48.23K | 286.32K | 11.91K |
| Interest Expense | 690.48K | 550.71K | 2.02M | 352.27K |
| Other Income/Expense | 1.16M | -495.33K | -101.84K | 1.42M |
| Pretax Income | -98.25K▲ 0% | 7.06M▲ 7286.9% | -17.99M▼ 354.8% | -35.13M▲ 0% |
| Pretax Margin % | -0.26% | 14.41% | -49.57% | -41.64% |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | -98.25K▲ 0% | 7.06M▲ 7286.9% | -17.99M▼ 354.8% | -35.13M▲ 0% |
| Net Margin % | -0.26% | 14.41% | -49.57% | -41.64% |
| Net Income Growth % | - | 7286.94% | -354.81% | - |
| Net Income (Continuing) | -98.25K | 7.06M | -17.99M | -35.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.00▲ 0% | 48.65▲ 0% | -122.00▼ 350.8% | -184.21▲ 0% |
| EPS Growth % | - | - | -350.77% | - |
| EPS (Basic) | 0.00 | 48.65 | -122.00 | - |
| Diluted Shares Outstanding | 145.25K | 145.25K | 146.88K | 190.72K |
| Basic Shares Outstanding | 145.25K | 145.25K | 146.88K | 190.72K |
| Dividend Payout Ratio | - | - | - | - |
PMAX Balance Sheet
Powell Max Limited Class A Ordinary Shares (PMAX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 9.28M | 17.17M | 58.32M | 23.91M |
| Cash & Short-Term Investments | 1.4M | 3.66M | 42.22M | 8.89M |
| Cash Only | 1.4M | 3.66M | 42.22M | 8.89M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.52M | 10.99M | 8.01M | 12.54M |
| Days Sales Outstanding | 63.2 | 81.87 | 80.54 | 50.3 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 962.82K | 0 | 0 |
| Total Non-Current Assets | 10.55M | 5.82M | 4.25M | 35.98M |
| Property, Plant & Equipment | 10.55M | 5.82M | 4.25M | 7.86M |
| Fixed Asset Turnover | 3.57x | 8.42x | 8.53x | 15.54x |
| Goodwill | 0 | 0 | 0 | 28.12M |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Assets | 19.83M▲ 0% | 22.99M▲ 15.9% | 62.57M▲ 172.2% | 59.89M▲ 0% |
| Asset Turnover | 1.90x | 2.13x | 0.58x | 1.94x |
| Asset Growth % | - | 15.92% | 172.18% | 281.38% |
| Total Current Liabilities | 37.54M | 37.03M | 40.14M | 18.83M |
| Accounts Payable | 6.16M | 7.22M | 7.23M | 9.71M |
| Days Payables Outstanding | 82.79 | 87.36 | 99.94 | 56.05 |
| Short-Term Debt | 5.47M | 4.77M | 17.71M | 3.37M |
| Deferred Revenue (Current) | 3.31M | 1.52M | 1.31M | 4.07M |
| Other Current Liabilities | 0 | 0 | 6.76M | 0 |
| Current Ratio | 0.25x | 0.46x | 1.45x | 1.45x |
| Quick Ratio | 0.25x | 0.46x | 1.45x | 1.45x |
| Cash Conversion Cycle | - | - | - | -5.75 |
| Total Non-Current Liabilities | 4.63M | 1.27M | 1.16M | 3.51M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.48M | 1.12M | 1.01M | 5.49M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 150K | 150K | 150K | 600K |
| Total Liabilities | 42.18M | 38.3M | 41.3M | 22.34M |
| Total Debt | 13.29M | 9.25M | 20.1M | 9.64M |
| Net Debt | 11.9M | 5.59M | -22.13M | 741.22K |
| Debt / Equity | - | - | 0.94x | 0.94x |
| Debt / EBITDA | 3.52x | 0.74x | - | -0.35x |
| Net Debt / EBITDA | 3.15x | 0.45x | - | -0.03x |
| Interest Coverage | 0.85x | 13.82x | -7.93x | -90.56x |
| Total Equity | -22.34M▲ 0% | -15.31M▲ 31.5% | 21.27M▲ 238.9% | 37.55M▲ 0% |
| Equity Growth % | - | 31.47% | 238.89% | 597.09% |
| Book Value per Share | -153.84 | -105.42 | 144.80 | 196.90 |
| Total Shareholders' Equity | -22.34M | -15.31M | 21.27M | 37.55M |
| Common Stock | 390K | 9.75K | 11.46K | 15.25K |
| Retained Earnings | -22.76M | -15.68M | -33.75M | -54.48M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 25.14K | 358.01K | 55.01M | 383.39K |
| Minority Interest | 0 | 0 | 0 | 0 |
PMAX Cash Flow Statement
Powell Max Limited Class A Ordinary Shares (PMAX) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | 5.47M | 7.11M | -11.41M | -11.41M |
| Operating CF Margin % | 14.54% | 14.52% | -31.44% | - |
| Operating CF Growth % | - | 29.95% | -260.44% | -1690.07% |
| Net Income | -98.6K | 7.08M | -18.07M | -35.13M |
| Depreciation & Amortization | 5.05M | 5.02M | 4.44M | 1.12M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 955.82K | 1.49M | 2.22M | 286.64K |
| Working Capital Changes | -430.91K | -6.48M | 1.31K | -730.98K |
| Change in Receivables | -478.19K | -5.65M | -4.08M | -465.8K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | -292.83K |
| Cash from Investing | -465.35K | -239.07K | -1.2M | -3.69M |
| Capital Expenditures | -466.83K | -287.31K | -1.49M | -217.9K |
| CapEx % of Revenue | 1.24% | 0.59% | 4.11% | - |
| Acquisitions | 0 | 0 | 0 | -3.48M |
| Investments | - | - | - | - |
| Other Investing | 1.49K | 48.23K | 286.32K | 0 |
| Cash from Financing | -4.21M | -4.61M | 51.18M | 8.37M |
| Debt Issued (Net) | -4.06M | -4.41M | 15.98M | 2.42M |
| Equity Issued (Net) | 0 | 0 | 32.24M | 6.88M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -154.31K | -195.81K | 2.96M | -923.16K |
| Net Change in Cash | 794.51K▲ 0% | 2.26M▲ 185.0% | 38.56M▲ 1603.1% | 1.13M▲ 0% |
| Free Cash Flow | 5.01M▲ 0% | 6.83M▲ 36.3% | -12.9M▼ 289.0% | -4.04M▲ 0% |
| FCF Margin % | 13.3% | 13.93% | -35.55% | -4.78% |
| FCF Growth % | - | 36.33% | -289.03% | - |
| FCF per Share | 34.47 | 46.99 | -87.84 | -87.84 |
| FCF Conversion (FCF/Net Income) | -55.71x | 1.01x | 0.63x | 0.11x |
| Interest Paid | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 |
PMAX Key Ratios
Powell Max Limited Class A Ordinary Shares (PMAX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | - | -604.32% | -485.21% |
| Return on Invested Capital (ROIC) | - | - | -603.35% |
| Gross Margin | 38.41% | 27.25% | 34.7% |
| Net Margin | 14.41% | -49.57% | -41.64% |
| Debt / Equity | - | 0.94x | 0.94x |
| Interest Coverage | 13.82x | -7.93x | -90.56x |
| FCF Conversion | 1.01x | 0.63x | 0.11x |
| Revenue Growth | 30.18% | -25.92% | - |
PMAX Frequently Asked Questions
Powell Max Limited Class A Ordinary Shares (PMAX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Powell Max Limited Class A Ordinary Shares (PMAX) reported $84.4M in revenue for fiscal year 2024. This represents a 124% increase 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 $35.1M 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 $4.0M in fiscal year 2024, likely due to heavy capital investments.
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Powell Max Limited Class A Ordinary Shares (PMAX) financial analysis — history, returns, DCA and operating performance tools
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