Cogobuy Group (HK:0400)
:0400
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Cogobuy Group
(0400)
Select Model
Select Model
Rating:60Neutral
Price Target:
HK$4.00
▲(32.89% Upside)
Action:ReiteratedDate:01/08/26
The score is held back primarily by weak cash generation (zero operating and free cash flow) and declining margins despite solid revenue growth. Technicals show an established uptrend but are heavily overbought, adding near-term risk. Valuation is relatively high (P/E ~25.3) given thin profitability and no stated dividend yield.
Positive Factors
Platform and network effects
Cogobuy’s e-commerce procurement platform connects suppliers and buyers across electronics supply chains, creating network effects and data advantages. This structural link to customers and suppliers supports durable scale, supplier access and stickiness that underpin long-term competitive positioning.
Negative Factors
Weak cash generation
Zero operating and free cash flow is a structural concern: it constrains the firm’s ability to fund capex, scale logistics, or absorb shocks without external financing. Over months, persistently weak cash generation limits strategic flexibility and increases refinancing or liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform and network effects
Cogobuy’s e-commerce procurement platform connects suppliers and buyers across electronics supply chains, creating network effects and data advantages. This structural link to customers and suppliers supports durable scale, supplier access and stickiness that underpin long-term competitive positioning.
Read all positive factors
Cogobuy Group (0400) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.27B
Dividend YieldN/A
Average Volume (3M)6.09M
Price to Earnings (P/E)3.9
Beta (1Y)0.70
Revenue Growth33.59%
EPS Growth-15.98%
CountryHK
Employees562
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.06
Shares Outstanding1,644,262,700
10 Day Avg. Volume6,284,405
30 Day Avg. Volume6,093,818
Financial Highlights & Ratios
PEG Ratio-1.23
Price to Book (P/B)0.40
Price to Sales (P/S)0.15
P/FCF Ratio15.42
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)0.23
Revenue Forecast (FY)HK$20.03B
Cogobuy Group Business Overview & Revenue Model
Company Description
Ingdan, Inc. operates as an e-commerce company serving the integrated circuit chips (ICs) and artificial intelligence of things (AIoT) industry in China and Hong Kong. It sells digital signal processing, microcontroller, field programmable gate ar...
How the Company Makes Money
Cogobuy Group generates revenue through several key streams, including transaction fees from its e-commerce platform, where it facilitates the buying and selling of electronic components and products. The company earns commissions on sales made th...
Cogobuy Group Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.48B | 10.13B | 8.86B | 9.54B | 9.45B | 6.19B |
| Gross Profit | 1.02B | 889.46M | 1.03B | 1.11B | 933.38M | 698.63M |
| EBITDA | 445.51M | 467.32M | 475.95M | 564.91M | 830.75M | 459.62M |
| Net Income | 209.24M | 189.85M | 210.70M | 314.41M | 296.15M | 123.20M |
Balance Sheet | ||||||
| Total Assets | 12.23B | 9.61B | 10.20B | 9.71B | 7.78B | 5.49B |
| Cash, Cash Equivalents and Short-Term Investments | 903.91M | 618.23M | 437.78M | 682.42M | 137.29M | 428.70M |
| Total Debt | 2.58B | 1.90B | 1.63B | 918.65M | 448.54M | 189.03M |
| Total Liabilities | 7.42B | 5.20B | 5.68B | 5.25B | 3.24B | 1.27B |
| Stockholders Equity | 4.26B | 3.85B | 3.99B | 4.03B | 4.15B | 3.94B |
Cash Flow | ||||||
| Free Cash Flow | 94.87M | 101.02M | -741.37M | 387.98M | -579.66M | 12.62M |
| Operating Cash Flow | 97.84M | 132.01M | -573.34M | 658.47M | -444.97M | 305.33M |
| Investing Cash Flow | -36.95M | -60.54M | -244.21M | -422.62M | -196.49M | -283.27M |
| Financing Cash Flow | 36.46M | 86.55M | 574.82M | 271.91M | 395.99M | 276.25M |
Cogobuy Group Technical Analysis
Negative
3.01
Price Trends
3.32
Negative
3.21
Negative
2.74
Negative
Market Momentum
-0.28
Positive
19.19
Positive
22.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0400, the sentiment is Negative. The current price of 3.01 is above the 20-day moving average (MA) of 2.63, below the 50-day MA of 3.32, and above the 200-day MA of 2.74, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 19.19 is Positive, neither overbought nor oversold. The STOCH value of 22.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0400.
Cogobuy Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$3.02B | 5.07 | 18.01% | 8.89% | -0.06% | -6.11% | |
68 Neutral | HK$452.76M | 1.42 | 3.40% | 4.94% | 17.39% | -55.26% | |
66 Neutral | HK$1.35B | 4.02 | 11.67% | 6.74% | -5.58% | 22.50% | |
65 Neutral | HK$2.88B | 6.03 | 9.45% | 4.42% | 6.01% | 9.76% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$3.27B | 3.95 | 5.16% | ― | 33.59% | -15.98% | |
56 Neutral | HK$526.80M | 6.65 | 20.37% | ― | 14.50% | 247.50% |
* Technology Sector Average
HK:0400
Cogobuy Group
2.00
0.74
58.73%
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0.50
0.14
38.89%
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S.A.S. Dragon Holdings Limited
4.83
1.20
33.06%
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Smart-Core Holdings Ltd.
2.76
1.25
82.78%
HK:3991
Changhong Jiahua Holdings Ltd.
1.12
0.49
77.78%
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0.49
0.02
3.16%
Cogobuy Group Corporate Events
Ingdan Renews Connected Party Property Leasing Framework with Envision China Through 2028
Dec 19, 2025
Ingdan, Inc. has renewed its property leasing and complementary services framework arrangement with Envision China, an entity wholly owned by its chairman and controlling shareholder, by signing a new 2026 Property Leasing and Complementary Servic...
Ingdan, Inc. Advances Spin-Off and A-Share Listing Plans for Shenzhen Comtech
Nov 25, 2025
Ingdan, Inc. has announced that it has received approval from the Stock Exchange to proceed with the proposed spin-off and A-share listing of its subsidiary, Shenzhen Comtech Limited, on a stock exchange in the PRC. This move will reduce Ingdan...
Ingdan, Inc. Reports Strong Q3 2025 Performance Amid AI Expansion
Nov 14, 2025
Ingdan, Inc. reported a strong financial performance in the third quarter of 2025, with a 22.1% increase in revenue and a 34.7% rise in profit from operations compared to the same period in 2024. The company is capitalizing on the AI-driven indust...
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.