SUGP

Company Overview — What Does SU Group Holdings Ltd Do?

Through our subsidiaries, Shine Union and Fortune Jet, we are an integrated security-related services company that primarily provides security-related engineering services, and to a lesser extent, security guarding and screening services and related vocational training services, in Hong Kong. Established in 1998, Shine Union has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that Shine Union provides services to include threat detection systems, traffic and pedestrian control systems, and extra-low voltage (“ELV”) systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. Shine Union is one of the few providers in the security-related engineering services market authorized to distribute over 10 brands of security systems, according to the Frost & Sullivan Report. Shine Union is also the exclusive distributor to market and sell two brands of threat detection systems, which include X-ray machines, trace detection products, metal detectors and mail screening machines. Some notable projects undertaken by Shine Union include the design, supply, installation and/or maintenance of X-ray machines at a rail link terminus and the air cargo terminal based at the Hong Kong International Airport, the traffic control system and ELV system at the bridge-tunnel system connecting Hong Kong, Macau and Zhuhai, the pedestrian control system at the headquarters office building of a Hong Kong-based banking and financial services company and the Hong Kong office building of a French cosmetics company, and the parking system at a mixed-use complex located on the Kwun Tong Promenade. Shine Union obtains its contracts either through direct invitation for quotation from customers, or through a competitive tendering process of the project employers or their main contractors. In respect of its security-related engineering services, Shine Union has had business relationships with over 300 customers and maintained business relationships for more than 10 years with some major customers. Since our acquisition of Fortune Jet in 2019, we have been providing security guarding and screening services and related vocational training services in Hong Kong through Fortune Jet. Security guarding and screening services provided by Fortune Jet include dispatching security guards to fulfill customers’ needs such as securing and guarding physical properties and screeners to operate security machines at sites designated by its customers. The related vocational training services offered by Fortune Jet include training courses for Quality Assurance System for Recognition Scheme, or QASRS, Mandatory Basic Safety Training Course (Construction Work), and Mandatory Basic Safety Training Revalidation Course (Construction Work) and to issue relevant certificates. --- We have a track record of expansion through both acquisition and organic growth. As part of our business strategies, we intend to scale up our operations by way of acquisitions and investment opportunities to enhance our competitiveness in the security-related engineering services industry. We aim to achieve growth by deepening our penetration of the security-related engineering services industry, strengthening our development capability and enhancing the product offerings under our “SUNGATE” brand by incorporating “smart” features into our existing “SUNGATE” carpark systems, expanding our security guarding services and improving our operational efficiency and expand our vocational training services. As of the date of this prospectus, we have submitted 220 tenders and quotations with a total estimated contract value of US$37.0 million in relation to the provision of security-related engineering services involving the supply of security systems and related maintenance services which we were awaiting results. However, these tenders and quotations do not represent firm commitments and ultimately may not result in revenues to the Company. We also plan to expand our space by renting and setting up a workshop with a showroom, which will exhibit the various types of security system prototypes offered by us. Our internal development of our “SUNGATE” carpark systems includes anticipated functions of real-time vacant parking spaces check, parking space reservation, parking space navigation, car searching and contactless payment methods. Our principal executive office in Hong Kong is located at Unit 01 – 03, 3/F, Billion Trade Centre, 31 Hung To Road, Kwun Tong, Kowloon, Hong Kong. Our telephone number at this address is +852 2341-8183. Our registered office is at the office of Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands. Our agent for service of process in the United States is Puglisi & Associates, located at 850 Library Avenue, Suite 204, Newark, Delaware. SU Group Holdings Ltd (SUGP) is classified as a micro-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Ming Dave Chan. With a market capitalization of $7M, SUGP is one of the notable companies in the Industrials sector.

SU Group Holdings Ltd (SUGP) Stock Rating — Reduce (April 2026)

As of April 2026, SU Group Holdings Ltd receives a Reduce rating with a composite score of 33.1/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SUGP ranks #3,265 out of 4,446 stocks in our coverage universe. Within the Industrials sector, SU Group Holdings Ltd ranks #552 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SUGP Stock Price and 52-Week Range

SU Group Holdings Ltd (SUGP) currently trades at $4.95. The stock gained $0.03 (0.6%) in the most recent trading session. The 52-week high for SUGP is $11.00, which means the stock is currently trading -55.0% from its annual peak. The 52-week low is $4.69, putting the stock 5.5% above its annual trough. Recent trading volume was 423 shares, suggesting relatively thin trading activity.

Is SUGP Overvalued or Undervalued? — Valuation Analysis

SU Group Holdings Ltd (SUGP) carries a value factor score of 11/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.65x, versus the sector average of 2.23x. The price-to-sales ratio is 0.07x, compared to 0.50x for the average Industrials stock.

At current multiples, SU Group Holdings Ltd trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

SU Group Holdings Ltd Profitability — ROE, Margins, and Quality Score

SU Group Holdings Ltd (SUGP) earns a quality factor score of 34/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -85.8%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -58.7% versus the sector average of 3.3%.

On a margin basis, SU Group Holdings Ltd reports gross margins of 16.0%, compared to 35.8% for the sector. The operating margin is -10.4% (sector: 6.2%). Net profit margin stands at -9.6%, versus 3.9% for the average Industrials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SUGP Debt, Balance Sheet, and Financial Health

SU Group Holdings Ltd has a debt-to-equity ratio of 6.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $668,837. Cash and equivalents stand at $3M.

SUGP has a beta of 1.78, meaning it is more volatile than the broader market — a $10,000 investment in SUGP would be expected to move 78.4% more than the S&P 500 on any given day. The stability factor score for SU Group Holdings Ltd is 21/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

SU Group Holdings Ltd Revenue and Earnings History — Quarterly Trend

In TTM 2026, SU Group Holdings Ltd reported revenue of $25M. Net income for the quarter was $-2M. Gross margin was 16.0%. Operating income came in at $-3M.

In FY 2025, SU Group Holdings Ltd reported revenue of $25M. Net income for the quarter was $-2M. Gross margin was 16.0%. Revenue grew 5.5% year-over-year compared to FY 2024. Operating income came in at $-3M.

In FY 2024, SU Group Holdings Ltd reported revenue of $23M. Net income for the quarter was $1M. Gross margin was 26.1%. Revenue grew 12.2% year-over-year compared to FY 2023. Operating income came in at $1M.

In FY 2023, SU Group Holdings Ltd reported revenue of $21M and earnings per share (EPS) of $0.10. Net income for the quarter was $1M. Gross margin was 29.3%. Revenue grew 20.3% year-over-year compared to FY 2022. Operating income came in at $1M.

Over the past 5 quarters, SU Group Holdings Ltd has demonstrated a growth trajectory, with revenue expanding from $17M to $25M. Investors analyzing SUGP stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SUGP Dividend Yield and Income Analysis

SU Group Holdings Ltd (SUGP) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

SUGP Momentum and Technical Analysis Profile

SU Group Holdings Ltd (SUGP) has a momentum factor score of 35/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 61/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.

SUGP vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, SU Group Holdings Ltd (SUGP) ranks #552 out of 752 stocks based on the Blank Capital composite score. This places SUGP in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing SUGP against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SUGP vs S&P 500 (SPY) comparison to assess how SU Group Holdings Ltd stacks up against the broader market across all factor dimensions.

SUGP Next Earnings Date

No upcoming earnings date has been announced for SU Group Holdings Ltd (SUGP) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SUGP? — Investment Thesis Summary

The quantitative profile for SU Group Holdings Ltd suggests caution. The quality score of 34/100 flags below-average profitability. The value score of 11/100 indicates premium valuation. Momentum is weak at 35/100, a headwind for near-term performance. High volatility (stability score 21/100) increases portfolio risk.

In summary, SU Group Holdings Ltd (SUGP) earns a Reduce rating with a composite score of 33.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SUGP stock.

Related Resources for SUGP Investors

Explore more research and tools: SUGP vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SUGP head-to-head with peers: SUGP vs SOBO, SUGP vs TEN, SUGP vs GLDD.