Globavend Holdings Ltd
GVH · Arrangement of Transportation of Freight & Cargo · EDGAR filings ↗
Grade
C64Small, profitable HK cross-border freight forwarder with rapid growth and pristine liquidity but modest absolute returns.
Strengths
- Revenue +42% (100th pct) with positive FCF and very strong liquidity (current/quick ratio 8.5)
- Net and operating margins above sector median (73rd pct) with ROA 6.1% (81st pct)
Risks
- Low absolute returns (ROE 6.8%) and thin 10% gross margin; net income fell 49%
- No long-term customer or block-space contracts, concentration on a few customers, and ELOC/dilution overhang plus PRC/HK risk
Key metrics
Gross margin
10.1%
Operating margin
4.1%
Net margin
2.9%
Return on equity
6.8%
Return on assets
6.1%
Revenue growth (QoQ)
42.5%
Net-income growth
-49.0%
Current ratio
8.5×
Free cash flow
$232K
Tangible book value
$10M
Cash & investments
$8M
Stock comp / revenue
0.2%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-13 | 2025-09-30 | 0001213900-26-016589 ↗ |
| 20-F | 2025-02-12 | 2024-09-30 | 0001493152-25-006117 ↗ |
| 20-F | 2024-01-30 | 2023-09-30 | 0001493152-24-004309 ↗ |