iCandy Interactive Ltd (ICI) AI Stock Analysis

• Market Cap: AU$20.49M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 53.3
• Beta (1Y): 0.61
• Revenue Growth: -2.82%
• EPS Growth: N/A
• Country: AU
• Employees: 650
• Sector: Communication Services
• Sector Strength: 81
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.00
• Shares Outstanding: 1,280,407,300
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: ―

iCandy Interactive Ltd’s overall stock score reflects stable financial performance with positive profitability and cash flow trends, albeit challenged by revenue growth and return on equity. The technical analysis suggests a neutral market position, lacking strong momentum. Valuation is a concern due to a high P/E ratio and absence of dividends, indicating potential overvaluation. These factors collectively contribute to a moderate stock score.

iCandy Interactive Ltd Business Overview & Revenue Model

Company Description

iCandy Interactive Limited, together with its subsidiaries, designs, develops, and publishes mobile games and digital entertainment in Australia, Singapore, Malaysia, and Indonesia. It operates through Development of Digital Media, Development of Intellectual Properties, and All Other segments. The company also offers software for interactive digital media, as well as engages in the design and development of intellectual properties for software applications and games. iCandy Interactive Limited was incorporated in 2015 and is headquartered in Melbourne, Australia.

How the Company Makes Money

iCandy Interactive Ltd generates revenue through multiple streams primarily centered around its mobile game offerings. The company's primary revenue model involves in-app purchases, where players can buy virtual goods, upgrades, or enhancements within the games. Additionally, iCandy monetizes its games through advertising, partnering with ad networks to display ads to players, thus earning revenue per impression or click. Another significant revenue stream comes from partnerships and collaborations with other gaming and technology companies, contributing to its earnings through licensing deals, co-development agreements, and strategic alliances that often involve revenue-sharing models. iCandy's ability to attract a large and engaged user base further amplifies its revenue potential through these mechanisms.

iCandy Interactive Ltd Financial Statement Overview

Summary

iCandy Interactive Ltd has shown improvement in financial performance with positive profitability and cash flow trends. The company has achieved better operational efficiency, as indicated by improved margins and positive cash flows. However, revenue growth is a challenge, and there is room to enhance return on equity to increase shareholder value. Overall, the financial health is stable with low leverage, supporting future growth.

Income Statement

iCandy Interactive Ltd shows a mixed performance in its income statement. The gross profit margin improved significantly in 2024, reaching 62.1%, indicating effective cost management. However, the company experienced a decline in total revenue from 2023 to 2024, indicating potential challenges in market expansion or sales. Despite this, the net profit margin turned positive in 2024 at 1.5%, a noteworthy recovery from negative margins in previous years. The EBIT and EBITDA margins also improved, suggesting better operational efficiency.

Balance Sheet

The balance sheet displays a strong equity position with a high equity ratio of 88.9% in 2024, reflecting a solid capital foundation. The debt-to-equity ratio is low at 0.07, indicating low leverage and financial stability. Return on equity, however, is modest at 0.6%, suggesting room for improvement in generating returns on shareholder investments. Overall, the balance sheet reflects a stable financial structure with minimal risk from debt.

Cash Flow

The cash flow statement shows positive developments with a significant turnaround in operating cash flow to $4.29 million in 2024, from negative figures in previous years. This improvement indicates enhanced cash generation from operations. The free cash flow also turned positive in 2024 at $2.56 million, a notable recovery from negative figures in the previous years. The operating cash flow to net income ratio is strong, reflecting efficient cash conversion, although the free cash flow to net income ratio could be improved.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.37M	26.11M	29.15M	1.94M	3.59M
Gross Profit	15.75M	12.33M	4.26M	-2.06M	438.84K
EBITDA	3.98M	-7.85M	3.50M	-2.93M	755.44K
Net Income	381.56K	-13.18M	-1.50M	-4.12M	-435.78K
Balance Sheet
Total Assets	75.16M	74.10M	93.25M	36.05M	17.75M
Cash, Cash Equivalents and Short-Term Investments	4.27M	7.17M	19.02M	18.77M	11.83M
Total Debt	4.57M	7.14M	6.13M	133.65K	201.97K
Total Liabilities	8.20M	9.40M	10.31M	2.34M	2.30M
Stockholders Equity	66.81M	64.56M	81.92M	33.62M	15.32M
Cash Flow
Free Cash Flow	2.56M	-13.44M	-3.92M	-2.24M	-1.15M
Operating Cash Flow	4.29M	-7.55M	-60.94K	-1.96M	530.74K
Investing Cash Flow	-3.56M	-5.18M	-14.12M	-4.39M	-1.88M
Financing Cash Flow	-2.61M	760.49K	14.03M	12.84M	12.73M

iCandy Interactive Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ICI, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.67 is Neutral, neither overbought nor oversold. The STOCH value of 500.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ICI.

iCandy Interactive Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICI	57 Neutral	AU$20.49M	53.33	0.58%	―	-2.82%	―
Sector *	56 Neutral	C$4.17B	1.97	-10.91%	5.39%	-6.13%	-27.97%
NIROF	―	$17.29M	―		―	―	―
PLY	65 Neutral	AU$86.36M	8.30	-6.30%	―	-2.09%	-139.13%
MXO	55 Neutral	AU$15.32M	―	-18.57%	―	33.99%	64.89%
SP8	44 Neutral	AU$9.61M	―	-0.70%	―	-7.44%	97.44%
FTI	38 Underperform	AU$22.74M	―	-1089.14%	―	-52.01%	68.75%

iCandy Interactive Ltd Corporate Events

iCandy Interactive: A Leader in Game Development with Strong FY 2024 Performance

iCandy Interactive Limited reported a revenue of A$25.3 million for the fiscal year 2024, highlighting its strong position in the gaming industry with a diverse range of game titles. The company’s strategic shareholders and its focus on innovation in Web3 gaming infrastructure underscore its commitment to maintaining a competitive edge in the market.

iCandy Interactive Announces Strategic Updates and Global Expansion

iCandy Interactive Ltd has announced an investor webinar and provided updates on its operations and corporate activities. The company has appointed Dharmendra Magasvaran as COO of Lemon Sky Studios, enhancing its operational capabilities. Despite challenging market conditions, Lemon Sky is expanding its business development efforts globally, notably in the USA with the addition of industry veteran Mark Meyers. iCandy is also realigning its subsidiary Appxplore Studios to focus on game conceptualization and monetization strategies, while transitioning development to Lemon Sky. Additionally, iCandy is investigating potential financial misconduct and expects to resume ASX trading after addressing these issues.