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Powell Max Limited Class A Ordinary Shares

PMAX
35
Specialty Business Services · Industrials
Price
$1.26
+0.02 (+1.61%)
Market Cap
$199,836
Exchange
NASDAQ Capital Market
Winston Score
35
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available

Share count falling — buybacks

82.9% over 3y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 145K (2022) → 25K (2025)

Winston Score History

The full picture

Powell Max Limited is a small specialty business services company operating in the industrials sector. It provides services to business clients, likely in areas such as staffing, consulting, or operational support, though its specific product lines and customer base are not widely disclosed in public sources. The company is relatively obscure and carries a very small market capitalization.

Powell Max generates revenue through service contracts or fees paid by corporate clients. Its geographic footprint appears limited, and with a market cap near zero, it is a micro-cap or nano-cap company with minimal public visibility. The company's financials raise serious concerns: a gross margin of 42% suggests some pricing power, but an operating margin of negative 30.7% and a return on invested capital of negative 49.1% indicate the business is spending far more than it earns. The primary risk is whether the company can reach profitability before exhausting its resources, as sustained losses at this scale are difficult to maintain long-term.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+72.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+7.9% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

HK$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

76.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

HK$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Powell Max Limited Class A Ordinary Shares grew revenue 73% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
45.7%
Healthy — 45.7% gross margin
Profit after running costs
Operating Margin
33.8%
Excellent — 33.8% operating margin
Return on the money invested
ROCE
-58.9%
Weak — -58.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+31.2%
Fast-growing sales (+31.2% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
1/4 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-18.7%
Burning cash (-18.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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