Neo-Concept International Group Holdings Limited (NCI) AI Stock Analysis
NCI AI stock analysis summary
AI ResearchNeo-Concept International Group Holdings Limited is a Hong Kong-based apparel solutions provider that sells knitwear and clothing under its les 100 ciels brand. The company generated $137.2M in trailing twelve-month revenue, but its annual sales fell 41.8% in FY2025 to $137.2M. Over the past year, its shares dropped 95.8% to close at $0.61.
- Market cap
- $1.7M
- Revenue (TTM)
- $137.2M
- P/E
- 7.6x
- 1Y return
- -95.8% S&P 500 16.8%
- Avg. target
- $25.00 3991.7% vs last close
Bull case
- Gross margin improved steadily from 9.4% in FY2021 to 36.9% in FY2025.
- Free cash flow rebounded to $17.4M in FY2025 after burning cash in the previous three fiscal years.
- The mean analyst price target of $25.00 indicates a 3991.7% upside relative to the $0.61 closing price.
Bear case
- Revenue fell 41.8% in FY2025 to $137.2M and plunged 50.8% year-over-year in the quarter ended March 31, 2026.
- The balance sheet carries $44.1M in net debt with only $2.3M in cash and short-term investments.
- The stock has dropped 95.8% over the past year and trades 96.3% below its 200-day moving average.
What Neo-Concept International does
Neo-Concept International Group Holdings Limited operates as a comprehensive apparel solutions provider based in Kwun Tong, Hong Kong. Established in 2021, the company manages the full apparel supply chain, covering trend analysis, product design, raw material procurement, production oversight, quality control, and logistics. It specializes in knitwear and apparel sold under its flagship brand, les 100 ciels, serving brand owners, apparel sourcing agents, and online fashion retailers across North America, the United Kingdom, and Europe. Operating as a subsidiary of Neo-concept (BVI) Limited, the organization employs 24 people and delivers end-to-end concept-to-delivery services.
Growth and profitability
Over the past five fiscal years, revenue contracted at a compound annual rate of -5.5% from FY2020 through FY2025. After rising 35.3% to $235.7M in FY2024, revenue fell 41.8% to $137.2M in FY2025. Despite top-line swings, gross margin expanded from 9.4% in FY2021 to 36.9% in FY2025. Operating margin narrowed to 1.3% in FY2025, and net income decreased to $331,679 with a net margin of 0.2%. For the trailing twelve months ended March 31, 2026, operating margin was -0.6% on revenue of $137.2M. In the latest quarter, revenue fell 50.8% year-over-year, while quarterly earnings grew 34.0%.
Balance sheet and cash flow
As of March 31, 2026, the company held $2.3M in cash and short-term investments alongside total debt of $46.4M, resulting in net debt of $44.1M. Shareholders' equity stood at $56.6M against total assets of $115.6M, with a debt-to-equity ratio of 0.82 and a current ratio of 2.61. In FY2025, operating cash flow turned positive to $21.4M, and free cash flow reached $17.4M after funding $4.0M in capital expenditures. Share count increased 12.9% over five years.
Valuation and performance
At $0.61 per share, Neo-Concept International has a market capitalization of $1.7M and an enterprise value of $43.4M. The stock trades at a trailing price-to-earnings multiple of 7.6x, compared to the median of 18.0x for its US-listed Consumer Cyclical peers. Its EV-to-EBITDA multiple stands at 46.2x, significantly higher than the peer median of 11.1x, while its price-to-sales ratio is 0.0x versus the peer median of 0.7x. Over the past year, the shares fell 95.8%, underperforming the S&P 500 benchmark return of 16.8%.
What analysts expect
Wall Street coverage includes a mean price target of $25.00, which sits 3991.7% above the last closing price of $0.61. Over the last four quarters, the company delivered three EPS beats. The stock has a beta of -2.25, while short interest represents 29.0% of the float. In addition, insiders hold 10.0% of shares and institutional investors hold 6.8%.
Key risks and what to watch
- Short interest is elevated at 29.0% of the float, pointing to substantial market skepticism.
- The trailing twelve-month operating margin is negative at -0.6%, highlighting profitability challenges.
- Liquid reserves of $2.3M are small relative to total debt of $46.4M.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this NCI AI stock analysis
This page is an AI-written research summary of Neo-Concept International Group Holdings Limited (NCI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: NCI income statement, NCI balance sheet, NCI key metrics, NCI chart. See the NCI stock overview for the latest quote and news.
NCI AI stock analysis FAQ
What brand does Neo-Concept International operate?
The company sells knitwear and apparel products under its flagship brand, les 100 ciels, serving clients in North America, the UK, and Europe.
What is NCI's current cash and debt position?
As of March 31, 2026, the company held $2.3M in cash and short-term investments against $46.4M in total debt, leaving net debt at $44.1M.
How did NCI perform financially in FY2025?
In FY2025, revenue fell 41.8% to $137.2M, while net income totaled $331,679 and free cash flow reached $17.4M.
What is the consensus price target for NCI stock?
The mean analyst price target is $25.00, representing a 3991.7% premium over its October 16, 2026 closing price of $0.61.