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2038.HK HKEX Phones & Handheld Devices

FIH Mobile Ltd

HK$23,86
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Mcap
P/E
EV / Rev
Div yield
1,09 %
Op margin
1,6 %
ROE
3,5 %
Net margin
0,8 %
Debt / equity
0,08
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

FIH Mobile Ltd designs, develops, and sells mobile phones and related products, primarily generating revenue through the sale of smartphones and accessories.

Business. FIH Mobile Ltd (2038.HK) is a technology equipment company primarily engaged in the design, manufacturing, and sale of phones and handheld devices. The firm operates within the broader Technology sector, focusing on product-based revenue generation in the consumer electronics hardware market. Specific details regarding operating segments, headquarters location, and additional primary listings are not provided in the available data. Consequently, the company is described at the industry level as a manufacturer of mobile communication devices.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryPhones & Handheld Devices
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
51
composite score
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
3,5 %
return on equity
Quality
57
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2038.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services

    Developing storylines

    No tracked sagas currently linked to 2038.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score51 / 100
    Composite score 0-100 · Data quality 0,57
    Data quality0,57 / 1.00

    Synthesis

    Business

    FIH Mobile Ltd (2038.HK) is a technology equipment company primarily engaged in the design, manufacturing, and sale of phones and handheld devices. The firm operates within the broader Technology sector, focusing on product-based revenue generation in the consumer electronics hardware market. Specific details regarding operating segments, headquarters location, and additional primary listings are not provided in the available data. Consequently, the company is described at the industry level as a manufacturer of mobile communication devices.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryPhones & Handheld Devices
    AI synthesis
    GENERATED

    FIH Mobile Ltd maintains a strong liquidity position, with $1.01 billion in cash and equivalents, representing 26.9% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 0.05, indicating a moderate ability to service liabilities from operating cash flow. The current ratio of 1.33 suggests the company can cover short-term obligations with current assets, though not with significant margin.

    Profitability metrics show a return on equity (ROE) of 3.47% and a return on assets (ROA) of 1.41%, both below the industry median for Phones & Handheld Devices. Gross margin is 3.08% (calculated as gross profit / revenue), and operating margin is 1.56%, indicating thin profit margins relative to peers. Net income of $52.7 million represents a 0.79% margin, which is consistent with the industry's capital-intensive nature.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financials. This lack of segment or geographic diversification increases exposure to market-specific risks, particularly in the smartphone manufacturing sector.

    Revenue growth is expected to remain flat in the current fiscal year, with a projected 0.0% year-over-year change. The company's free cash flow has turned negative (-$99.2 million), driven by capital expenditures of -$186.7 million, suggesting a focus on long-term infrastructure or production capacity expansion.

    Risk factors include low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The debt-to-equity ratio of 0.08 is well below the industry median, and long-term debt of $118.7 million is a small portion of total liabilities. No dilution sources were identified in recent filings, and the number of shares outstanding has remained unchanged between basic and diluted shares.

    Recent events include no material regulatory or legal filings in the last 90 days. The company's ESG profile is strong, with a governance score of 74.36 and a controversies score of 100.00, indicating no recent ESG-related controversies. The social pillar score of 56.42 is in line with industry norms.

    Key takeaways
    • FIH Mobile Ltd has a strong liquidity position with $1.01 billion in cash and equivalents.
    • Profitability metrics (ROE, ROA, and margins) are below industry medians, indicating competitive pressure.
    • Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
    • Free cash flow has turned negative due to capital expenditures, signaling investment in long-term capacity.
    • ESG profile is strong, particularly in governance and controversies, but social pillar score is moderate.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$23,86
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    HK$1.52B
    Net cash
    HK$888.2M
    Current ratio
    1.3
    Debt / equity
    0.1
    ROA
    1.4%
    ROE
    3.5%
    Cash conversion
    204.0%
    CapEx / revenue
    -2.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Forward curve

    — missing data

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    — missing data

    Benchmarks vs cohort

    Op Margin1,6 %Below median
    Net Margin0,8 %Below median
    ROE3,5 %Above median
    Capex / Rev-2,8 %Above median
    D/E0,08Above median
    Cash Conv2,04Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • FIH Mobile Ltd Market data — financials · 2026-05-26
    • FIH Mobile Ltd Market data — ESG · 2026-05-26

    Ownership & reference

    Leadership

    • Yu Yang ChihExecutive Chairman of the Board

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2038.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage