YPB Group Ltd. (AU:CDE)
ASX:CDE
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YPB Group Ltd.
(Sydney:CDE)
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Rating:42Neutral
Price Target:
AU$0.01
â–²(10.00% Upside)
Action:Reiterated
Date:01/30/26
The score is primarily weighed down by weak financial performance—ongoing losses and persistent negative free cash flow with no operating cash inflows shown—despite some improvement in leverage and a 2024 revenue rebound. Technicals are neutral-to-weak with negative MACD and price below longer-term moving averages, while valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Business model & market focus
YPB’s core offering—item-level identification and authentication solutions—targets a structurally persistent problem (counterfeiting). The mix of physical security markers plus software/services supports durable revenue streams from both component sales and platform/service fees if adoption scales.
Negative Factors
Weak cash generation
Zero reported operating cash flow and persistent negative free cash flow indicate the business burns cash rather than self‑funding growth. Over months, this necessitates external capital (equity or debt) to fund operations, increasing dilution or leverage risk and constraining long-term investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model & market focus
YPB’s core offering—item-level identification and authentication solutions—targets a structurally persistent problem (counterfeiting). The mix of physical security markers plus software/services supports durable revenue streams from both component sales and platform/service fees if adoption scales.
Read all positive factors
YPB Group Ltd. (CDE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.98M
Dividend YieldN/A
Average Volume (3M)3.49M
Price to Earnings (P/E)―
Beta (1Y)2.85
Revenue Growth-3.80%
EPS Growth39.62%
CountryAU
EmployeesN/A
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding996,921,630
10 Day Avg. Volume2,940,707
30 Day Avg. Volume3,491,182
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.76
Price to Sales (P/S)2.85
P/FCF Ratio-0.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
YPB Group Ltd. Business Overview & Revenue Model
Company Description
Codeifai Limited develops, markets, and sells anti-counterfeiting, product authentication, and consumer engagement solutions in Australia, the People's Republic of China, Thailand, and the United States of America. It offers a range of products an...
How the Company Makes Money
YPB Group Ltd. generates revenue primarily by selling brand-protection and authentication solutions to brand owners and other customers that need product verification and anti-counterfeit capabilities. Its revenue model typically includes: (1) fee...
YPB Group Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 633.52K | 607.47K | 381.21K | 551.15K | 638.73K |
| Gross Profit | -1.96M | 607.47K | 381.21K | 551.15K | 638.73K |
| EBITDA | -4.06M | -1.85M | -3.13M | -3.20M | -3.19M |
| Net Income | -4.44M | -2.51M | -4.46M | -3.30M | -3.51M |
Balance Sheet | |||||
| Total Assets | 5.72M | 6.28M | 6.39M | 7.30M | 6.86M |
| Cash, Cash Equivalents and Short-Term Investments | 131.36K | 385.90K | 567.57K | 641.41K | 531.00K |
| Total Debt | 1.29M | 747.19K | 2.02M | 1.02M | 0.00 |
| Total Liabilities | 4.79M | 4.02M | 4.61M | 3.05M | 2.29M |
| Stockholders Equity | 922.79K | 2.27M | 1.78M | 4.32M | 5.38M |
Cash Flow | |||||
| Free Cash Flow | -2.50M | -2.11M | -2.26M | -2.85M | -3.54M |
| Operating Cash Flow | -2.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -569.00 | -3.90K | -304.47K | -3.61K | -68.00K |
| Financing Cash Flow | 1.91M | 1.58M | 2.50M | 3.03M | 2.58M |
YPB Group Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | AU$2.89B | 503.10 | 1.08% | ― | 276.41% | ― | |
51 Neutral | AU$16.01M | -4.31 | -36.07% | ― | -13.33% | -144.86% | |
43 Neutral | AU$226.50M | -26.98 | -24.44% | ― | 30.71% | -73.88% | |
42 Neutral | AU$6.98M | -1.49 | -278.48% | ― | -3.80% | 39.62% | |
42 Neutral | AU$6.22M | -14.21 | -71.80% | ― | -3.46% | 69.77% |
* Industrials Sector Average
AU:CDE
YPB Group Ltd.
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0.00
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YPB Group Ltd. Corporate Events
CODEIFAI Options Expire, Reducing Potential Share Dilution
Mar 16, 2026
CODEIFAI Limited has announced the cessation of 20,000,000 listed options with an exercise price of $0.05, which expired unexercised on 16 January 2026. The lapse of these options reduces potential future dilution of the company’s share capi...
Codeifai Calls Virtual General Meeting, Emphasises Digital Proxy Voting
Mar 6, 2026
Codeifai Limited has called a General Meeting of shareholders to be held virtually on 7 April 2026 at 11:00am AEDT, underscoring the company’s ongoing use of digital channels for corporate governance and investor engagement. The notice of me...
YPB Group Sets Virtual General Meeting for April 2026
Mar 6, 2026
YPB Group Ltd has announced it will hold a general meeting as a virtual event on 7 April 2026, beginning at 11:00 a.m. AEST, allowing shareholders to attend and participate remotely.The company is advising shareholders to monitor exchange announce...
Codeifai pivots deeper into quantum-secure SaaS as losses widen but margins stay strong
Feb 27, 2026
Codeifai reported unaudited full-year 2025 results marked by continued investment in product development, a strategic pivot to self-service SaaS through its ConnectQR platform, and the post-year-end acquisition of the Antennae transfer platform, t...
Codeifai posts deeper 2025 loss as it pivots to self-service SaaS
Feb 27, 2026
Codeifai Limited reported a 26% fall in revenue to $598,497 for 2025 and a widened net loss of $6.22 million, as increased product development, acquisition-related fees and capital-raising costs weighed on its earnings. Adjusted EBITDA loss deepen...
Codeifai defends timing of $1.1m capital raise disclosure
Feb 4, 2026
Codeifai informed the ASX that its $1.1 million placement at $0.0076 per share, arranged by Oakley Capital with standard broker fees, was approved at a board meeting on 22 January and disclosed pre-open the next day once commitments were fir...
Codeifai Wins Shareholder Backing for QuantumAI Secure Deal as Revenue Climbs
Jan 30, 2026
Codeifai has secured shareholder approval to acquire the QuantumAI Secure platform from Credissential Inc., a quantum-resilient payments, file transfer and communications system that combines post-quantum cryptography with AI-driven threat detecti...
Codeifai Confirms Compliance Following Major Share Placement
Jan 28, 2026
Codeifai Limited has issued a total of 153,421,050 new shares, comprising 144,736,839 shares to sophisticated and professional investors and 8,684,211 shares to the lead manager of the placement, under provisions that allow issuance without a disc...
Codeifai Seeks ASX Quotation for 8.7 Million New Shares
Jan 28, 2026
Codeifai Limited has applied to the ASX for quotation of 8,684,211 new ordinary fully paid shares under its issuer code CDE, following previously announced transactions. The additional securities, issued on 28 January 2026, will expand the company...
Codeifai Seeks ASX Quotation for 144.7 Million New Shares
Jan 28, 2026
Codeifai Limited has applied to the ASX for quotation of 144,736,839 new ordinary fully paid shares under ticker CDE, following earlier disclosure of the related transaction in an Appendix 3B. The move significantly expands the company’s quo...
CODEIFAI Plans Dual Issue of Shares and Options to Raise Capital
Jan 23, 2026
CODEIFAI Limited (ASX: CDE) has lodged an Appendix 3B notice with the ASX outlining a proposed issue of securities via a placement or similar capital-raising mechanism. The move will see the company issue up to 8,684,211 new fully paid ordinary sh...
CODEIFAI Plans Major Capital Raising via New Shares and Unlisted Options
Jan 23, 2026
CODEIFAI Limited, listed on the ASX under the code CDE, has lodged a notice of a proposed securities issue, detailing plans for a substantial capital raising via new ordinary fully paid shares and unlisted options. The company intends to issue up ...
Codeifai Raises $1.1m to Fund QuantumAI Secure Push and AI Expansion
Jan 23, 2026
Codeifai Limited has raised $1.1 million through a share placement to sophisticated and professional investors, issuing 144,736,842 new shares at $0.0076 each with one free attaching option per share, subject to shareholder approval, and is consid...
Codeifai Says No Undisclosed News Behind Share Price Moves as Antenna Transfer Deal Nears Completion
Jan 22, 2026
Codeifai Limited has told the ASX it is not aware of any undisclosed information that could explain recent trading volatility in its shares, following a price query from the exchange. The company instead pointed to its same-day announcement that i...
Codeifai Nears Completion of QuantumAI Secure Acquisition as Platform Wins Strategic Deals
Jan 21, 2026
Codeifai Limited says it is in the final stages of technical due diligence for the acquisition of the Antenna Transfer platform from Credissential Inc., which will be rebranded QuantumAI Secure and integrated into its AI-driven secure-transfer and...
Codeifai Issues 56.3 Million New Shares and Confirms Regulatory Compliance
Jan 1, 2026
Codeifai Limited has issued a total of 56,258,291 new shares, comprising 53,634,270 shares issued to parties previously approved by shareholders at the 8 December 2025 extraordinary general meeting and 2,624,021 shares issued to a lender, all with...
Codeifai Seeks ASX Quotation for 53.6 Million New Shares
Jan 1, 2026
Codeifai Limited has applied to the ASX for quotation of 53,634,270 new fully paid ordinary shares under its ticker CDE, following shareholder approvals obtained at an extraordinary general meeting. The placement of these additional securities, sc...
CodeifAI Seeks ASX Quotation for 2.6 Million New Shares After Loan Conversion
Jan 1, 2026
CodeifAI Limited has applied for quotation on the ASX of 2,624,021 new fully paid ordinary shares under its code CDE, with an issue date of 31 December 2025. The new securities arise from an adjusted share price on a previous loan conversion, mode...
CODEIFAI Issues 3.2 Million Unquoted Options in Expansion of Equity Base
Jan 1, 2026
CODEIFAI Limited has notified the ASX of the issue of a total of 3.2 million unquoted options across four new unlisted classes, each consisting of 800,000 options, with an issue date of 30 December 2025. These options, which are not quoted and not...
CODEIFAI Issues 58.7 Million Unlisted Options in Capital Management Move
Jan 1, 2026
CODEIFAI Limited has notified the market of the issue of 58,675,000 new unlisted options, a class of unquoted equity securities not intended to be traded on the ASX. The options, issued on 30 December 2025 under a previously announced transaction,...
CodeifAI Issues 58.8 Million Unlisted Options in Major Capital Structure Move
Jan 1, 2026
CodeifAI Limited has disclosed the issuance of a substantial tranche of new unquoted options, expanding its pool of unlisted equity securities beyond those currently traded on the ASX under code CDE. While the company has not provided detail on th...
CodeifAI Issues 150,000 New Unlisted Options
Jan 1, 2026
CodeifAI Limited has notified the market of the issue of 150,000 unlisted options, to be issued on 31 December 2025. The creation of these unquoted equity securities expands the company’s options pool, which may be used for incentives or cap...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.