Able View Global Inc. (ABLV)

Price$0.9400Cached quoteAs of 2026-09-05 06:22 UTC

AI: Overvalued

Low sales multiple, but expensive versus earnings and bookAt the last reliable close of $0.92, ABLV was reported at about $45.44 million market capitalization and $48.16 million enterprise value, with a 0.46 price-to-sales ratio but a 6.23 price-to-book ratio and roughly 42.4 price-to-free-cash-flow ratio.

The low sales multiple is the main valuation support, but it is offset by weak continuing profitability, cash consumption and a high multiple of book equity. The September financing price of $0.343 per Class B share, materially below the recent public-market price, adds a strong negative valuation signal. On balance, the reported fundamentals and financing terms support an Overvalued verdict at approximately $0.92.

Continuing operations remain loss-makingFY2025 total revenue was $105.203 million versus $126.762 million in FY2024, while continuing operations produced a $2.767 million net loss.

Reported consolidated net income was $0.820 million, but that included $3.587 million of income from discontinued operations; continuing operations remained unprofitable. Net cash used by continuing operating activities was approximately $3.6 million in 2025. This makes the headline positive net income less representative of the earnings power of the ongoing business.

Liquidity exists, but fresh equity signals capital riskAt December 31, 2025, cash and cash equivalents from continuing operations were $9.010 million, current assets were $32.110 million and current liabilities were $19.772 million.

Total liabilities were $26.778 million against $7.772 million of shareholders' equity. The company reported no outstanding convertible notes at year-end 2025, which is favorable, but cash from continuing operations declined and on September 16, 2026 Able View launched a $2.0 million gross equity financing expected to provide about $1.94 million net for working capital and general corporate purposes. The offering would increase Class B shares from 24,518,489 to 30,349,393 if completed.

Active Nasdaq security with a continuing listing-risk overhangABLV is active rather than cancelled or inactive: the September 16 prospectus states that its Class B shares remain listed on the Nasdaq Capital Market, and current market sources continue to quote the security.

The company filed its FY2025 Form 20-F on April 27, 2026 and a new 424B5 on September 16, so live search does not indicate SEC-reporting delinquency. However, Nasdaq notified Able View in December 2025 of a minimum-bid-price deficiency, with an initial cure deadline of June 2, 2026. Shareholders subsequently authorized a share consolidation of up to 1-for-200 at board discretion. I found no later company filing explicitly announcing delisting; the newest prospectus instead confirms continued Nasdaq listing. With the latest reliable close still below $1, listing-compliance risk remains material.

AI: News

September 16 direct equity offering at $0.343 per shareAble View filed a 424B5 to sell 5,830,904 Class B ordinary shares to one institutional investor for $2.0 million gross proceeds.

The company estimates approximately $1.94 million of net proceeds for working capital and general corporate purposes. The $0.343 purchase price is far below the $0.920 Nasdaq sale price cited by the company for September 15. Delivery was expected on or about September 17, 2026 subject to customary closing conditions; the filing itself does not establish that delivery had completed by the as-of time.

FY2025 filing showed revenue contraction and continuing lossesThe April 27 Form 20-F reported FY2025 revenue of $105.203 million, down from $126.762 million in 2024, and a $2.767 million loss from continuing operations.

Able View remains an operating Cayman holding company conducting its beauty and personal-care brand-management business through subsidiaries in mainland China and Hong Kong. The September prospectus says it had 10 brand-management partners and continues selling through e-commerce, distribution and offline channels. Principal disclosed risks include customer and brand concentration, inventory and receivables management, PRC regulatory and cross-border-listing requirements, holding-company cash-transfer constraints, Nasdaq compliance and dilution from new equity.

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Revenue

2021

2022

2023

2024

2025

Net income

2021

2022

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2025

Free cash flow

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Total cash / debt

CashTotal debt

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Financial statements

	2025	2024	2023	2022	2021
Revenue	$105.2M	$126.8M	$129.3M	$145.3M	$117.3M
Gross profit	$11.9M	$14.5M	$30.3M	$32.5M	$26.4M
Gross margin	11.32%	11.44%	23.45%	22.40%	22.50%
Operating expenses	$12.4M	$14.7M	$19.0M	$22.4M	$15.3M
Operating income	−$486,613	−$206,043	$11.3M	$10.1M	$11.1M
Operating margin	−0.46%	−0.16%	8.77%	6.98%	9.50%
EBITDA	−$432,545	−$100,869	$11.6M	$10.3M	$11.3M
EBITDA margin	−0.41%	−0.08%	8.94%	7.07%	9.60%
Net income	$820,018	−$7.4M	$9.8M	$7.9M	$8.7M
Net profit margin	0.78%	−5.85%	7.54%	5.44%	7.41%
Basic EPSper basic share	$0.02	-$0.17	$0.24	$0.20	$0.23
Diluted EPSper diluted share	$0.02	-$0.17	$0.24	$0.20	$0.23

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Owners

Reported shareholders

Reference date Jun 30, 2026

Reported holdings Number of shares

View holders

Top 3 reported holders of ABLV
Holder	Shares held
CITADEL ADVISORS LLC	60.96K
GEODE CAPITAL MANAGEMENT, LLC	10.22K
UBS Group AG	2.22K

Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.

Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys0$0.00 disclosed value

Sells (SEC code S)0$0.00 disclosed value

No insider transactions transactions were reported in the stored SEC coverage.

Review ownership filings at SEC.gov ↗

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