Frontage Holdings Corporation logo

Frontage Holdings Corporation

1521.HK

HKSEHealthcareBiotechnology

Latest quote

HK$1.23

−HK$0.06 · -4.65%

Aug 24, 3:51 PM HKT

1521.HK company overview

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Company profile

Company website

Frontage Holdings Corporation functions as a contract research organization (CRO), delivering a broad spectrum of laboratory and associated services to the pharmaceutical, biotechnology, and agrochemical sectors, alongside performing vital bioequivalence assessments. The company's diverse service portfolio includes specialized laboratory testing, covering method development, validation, sample analysis, and central laboratory operations. They also provide Chemistry, Manufacturing, and Control (CMC) support, assisting with drug product development and analysis, as well as the provision of clinical trial materials. Furthermore, Frontage offers Drug Metabolism and Pharmacokinetics (DMPK) services, encompassing study design, execution, and data interpretation for tasks such as structural optimization in early discovery, pharmacokinetic studies in rodents, and non-GLP bioanalytical analyses. Their capabilities extend to comprehensive safety and toxicology evaluations through both in vitro and in vivo studies, as well as robust bioequivalence (BE) services from design through reporting. Additionally, the company undertakes chemistry services, including contract research and custom synthesis, and provides an array of clinical services like early-stage clinical trials, BE/BA studies, biometrics, and data management. Frontage maintains a global operational footprint, with a presence in the United States, the People's Republic of China, Europe, India, Japan, South Korea, and Australia. Established in 2018 and headquartered in Exton, Pennsylvania, Frontage Holdings Corporation is a subsidiary of Hongkong Tigermed Co., Limited.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Zhongping Lin
Listed since
May 30, 2019
Employees
1,523

Market position

Day range

Current HK$1.23

52-week range

Current HK$1.23

Open
HK$1.29
Previous close
HK$1.29
Volume
412K
1.67× average
Average volume
246.99K
Average daily volume
Market cap
2.49B HKD
Beta
0.22
Market reference 1
50-day average
HK$1.1201
+9.81% above average
200-day average
HK$1.048
+17.36% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
355.12M USD
EV / EBITDA
8.48×
Earnings yield
2.57%
Free cash flow yield
12.20%

Profitability & efficiency

Return on equity
1.96%
Return on assets
1.26%
Return on invested capital
1.90%

Financial health

Current ratio
1.33×
Altman Z-score
2.46
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%25%11%-3%Gross margin, FY2021: 36.16%Gross margin, FY2022: 35.63%Gross margin, FY2023: 30.17%Gross margin, FY2024: 27.39%Gross margin, FY2025: 26.96%Operating margin, FY2021: 13.72%Operating margin, FY2022: 13.40%Operating margin, FY2023: 7.78%Operating margin, FY2024: 3.66%Operating margin, FY2025: 6.26%Net margin, FY2021: 9.99%Net margin, FY2022: 10.28%Net margin, FY2023: 4.16%Net margin, FY2024: 0.31%Net margin, FY2025: 2.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.16%. Gross margin FY2022 35.63%. Gross margin FY2023 30.17%. Gross margin FY2024 27.39%. Gross margin FY2025 26.96%. Operating margin FY2021 13.72%. Operating margin FY2022 13.40%. Operating margin FY2023 7.78%. Operating margin FY2024 3.66%. Operating margin FY2025 6.26%. Net margin FY2021 9.99%. Net margin FY2022 10.28%. Net margin FY2023 4.16%. Net margin FY2024 0.31%. Net margin FY2025 2.65%.

Income trends

Revenue

256.69M USD+0.70%

Operating income

16.06M USD+71.95%

Net income

6.79M USD+758.79%
Income trends across reported periods285.76M USD182.14M USD78.51M USD−25.12M USDRevenue, FY2021: 184.44M USDRevenue, FY2022: 250.36M USDRevenue, FY2023: 259.86M USDRevenue, FY2024: 254.91M USDRevenue, FY2025: 256.69M USDOperating income, FY2021: 25.3M USDOperating income, FY2022: 33.55M USDOperating income, FY2023: 20.21M USDOperating income, FY2024: 9.34M USDOperating income, FY2025: 16.06M USDNet income, FY2021: 18.43M USDNet income, FY2022: 25.74M USDNet income, FY2023: 10.81M USDNet income, FY2024: 791K USDNet income, FY2025: 6.79M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 184.44M USD. Revenue FY2022 250.36M USD. Revenue FY2023 259.86M USD. Revenue FY2024 254.91M USD. Revenue FY2025 256.69M USD. Operating income FY2021 25.3M USD. Operating income FY2022 33.55M USD. Operating income FY2023 20.21M USD. Operating income FY2024 9.34M USD. Operating income FY2025 16.06M USD. Net income FY2021 18.43M USD. Net income FY2022 25.74M USD. Net income FY2023 10.81M USD. Net income FY2024 791K USD. Net income FY2025 6.79M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue256.69M USD254.91M USD259.86M USD250.36M USD184.44M USD
Cost of goods sold187.49M USD185.1M USD181.46M USD161.17M USD117.74M USD
Gross profit69.2M USD69.81M USD78.39M USD89.19M USD66.7M USD
Research and development4.3M USD5.59M USD6.04M USD3.88M USD2.43M USD
Selling, general, and administrative48.84M USD55.54M USD52.73M USD51.63M USD38.44M USD
Operating expenses53.14M USD60.47M USD58.19M USD55.64M USD41.4M USD
Interest income289.43K USD812K USD1.76M USD498K USD1.89M USD
Interest expense7.56M USD9.56M USD7.07M USD3.95M USD2.58M USD
Depreciation and amortization25.81M USD27.49M USD24.81M USD20.55M USD17.26M USD
Operating income16.06M USD9.34M USD20.21M USD33.55M USD25.3M USD
Net income6.79M USD791K USD10.81M USD25.74M USD18.43M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 5 misses, 1 met estimate
Average EPS surprise
-35.17%
6 comparable reports
Latest EPS result
0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.120.080.040Q3 '22MissQ1 '23MissQ4 '23No estimateQ3 '24MissQ3 '24No estimateQ1 '25MissQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 25, 2022: actual 0.069, estimate 0.078, surprise -12.00%, Miss. Q1 2023, reported Mar 28, 2023: actual 0.066, estimate 0.078, surprise -15.00%, Miss. Q4 2023, reported Oct 27, 2023: actual 0.039, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 25, 2024: actual 0.023, estimate 0.078, surprise -70.00%, Miss. Q3 2024, reported Aug 28, 2024: actual 0.024, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.003, estimate 0.078, surprise -96.00%, Miss. Q3 2025, reported Aug 28, 2025: actual 0.03, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 0.015, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.16B1.08B1.01B933.34MQ1 '23BeatQ4 '23MissQ3 '24MissQ3 '24No estimateQ1 '25MissQ3 '25BeatQ1 '26BeatQ3 '26Estimate
Q1 2023, reported Mar 28, 2023: actual 1.03B HKD, estimate 1.02B HKD, surprise +0.28%, Beat. Q4 2023, reported Oct 27, 2023: actual 1.01B HKD, estimate 1.06B HKD, surprise -5.45%, Miss. Q3 2024, reported Aug 25, 2024: actual 1.03B HKD, estimate 1.12B HKD, surprise -7.88%, Miss. Q3 2024, reported Aug 28, 2024: actual 1B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 982.53M HKD, estimate 1.11B HKD, surprise -11.28%, Miss. Q3 2025, reported Aug 28, 2025: actual 993.94M HKD, estimate 977.94M HKD, surprise +1.64%, Beat. Q1 2026, reported Mar 30, 2026: actual 1.01B HKD, estimate 1.01B HKD, surprise +0.42%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 1.06B HKD, surprise —, Comparison unavailable.

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