IGG Inc (HK:0799)
:0799
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IGG
(0799)
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Rating:82Outperform
Price Target:
HK$4.00
▲(5.82% Upside)
Action:Reiterated
Date:05/05/26
The score is driven primarily by strong financial fundamentals (low leverage and improved profitability) and an especially compelling valuation (low P/E with a solid dividend yield). Technicals add support via positive trend and momentum, while uneven revenue growth and cash-flow volatility temper the overall rating.
Positive Factors
High gross and healthy net margins
Sustained gross margins above ~80% and mid-teens-ish operating leverage that produced ~10–11% net margins provide durable profit capacity. This margin structure supports reinvestment in live-ops, stable cash generation and the ability to fund product development and shareholder distributions over multiple years.
Negative Factors
Uneven revenue growth trajectory
Inconsistent top-line performance reduces visibility into medium-term earnings and weakens the predictability of cash flows. For a games publisher, reliance on episodic title performance and limited recurring growth makes long-range planning and steady margin expansion harder to sustain without clear pipeline diversification.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross and healthy net margins
Sustained gross margins above ~80% and mid-teens-ish operating leverage that produced ~10–11% net margins provide durable profit capacity. This margin structure supports reinvestment in live-ops, stable cash generation and the ability to fund product development and shareholder distributions over multiple years.
Read all positive factors
IGG (0799) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.12B
Dividend Yield3.82%
Average Volume (3M)3.25M
Price to Earnings (P/E)4.1
Beta (1Y)0.97
Revenue Growth-4.19%
EPS Growth0.41%
CountryHK
Employees2,028
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.51
Shares Outstanding1,175,580,600
10 Day Avg. Volume2,974,423
30 Day Avg. Volume3,253,828
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.26
Price to Sales (P/S)0.79
P/FCF Ratio8.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$4.91Price Target Upside29.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.55
Revenue Forecast (FY)HK$5.86B
IGG Business Overview & Revenue Model
Company Description
IGG Inc, an investment holding company, engages in the development and operation of mobile and online games in Asia, North America, Europe, and internationally. The company offers mobile, browser, PC, and client-based online games in 23 languages....
How the Company Makes Money
IGG primarily makes money from its mobile games through a free-to-play model where users download and play at no upfront cost and a subset of players purchase optional in-game items and services (e.g., virtual currency, progression boosts, cosmeti...
IGG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.50B | 5.74B | 5.27B | 4.59B | 6.05B |
| Gross Profit | 4.56B | 4.61B | 3.92B | 3.15B | 4.20B |
| EBITDA | 687.86M | 784.17M | 212.09M | -356.31M | 627.73M |
| Net Income | 580.49M | 580.68M | 73.05M | -503.59M | 370.44M |
Balance Sheet | |||||
| Total Assets | 4.65B | 4.42B | 3.70B | 3.64B | 4.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.46B | 2.27B | 1.49B | 1.59B | 1.96B |
| Total Debt | 59.89M | 83.91M | 63.22M | 63.00M | 158.91M |
| Total Liabilities | 1.18B | 1.29B | 962.67M | 924.27M | 1.14B |
| Stockholders Equity | 3.46B | 3.12B | 2.73B | 2.71B | 3.31B |
Cash Flow | |||||
| Free Cash Flow | 523.47M | 986.98M | -5.35M | -232.65M | 389.52M |
| Operating Cash Flow | 679.79M | 1.12B | 128.58M | -98.24M | 660.26M |
| Investing Cash Flow | -126.82M | -122.92M | -96.23M | -152.03M | 212.40M |
| Financing Cash Flow | -399.24M | -205.33M | -143.67M | -73.85M | -1.11B |
IGG Technical Analysis
Positive
3.78
Price Trends
3.00
Positive
3.03
Positive
3.31
Positive
Market Momentum
0.16
Negative
67.15
Neutral
80.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0799, the sentiment is Positive. The current price of 3.78 is above the 20-day moving average (MA) of 3.31, above the 50-day MA of 3.00, and above the 200-day MA of 3.31, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 67.15 is Neutral, neither overbought nor oversold. The STOCH value of 80.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0799.
IGG Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$4.12B | 4.15 | 17.91% | 3.82% | -4.19% | 0.41% | |
78 Outperform | HK$2.67B | 3.52 | 13.33% | 13.83% | -6.66% | -19.70% | |
73 Outperform | HK$546.65B | 24.64 | 22.14% | 2.22% | 6.96% | 14.02% | |
66 Neutral | HK$26.67B | 9.33 | 44.75% | 1.18% | 14.94% | 86.33% | |
64 Neutral | HK$62.74B | 35.85 | 8.04% | ― | 11.37% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
48 Neutral | HK$4.64B | 10.45 | 2.70% | 8.76% | -26.02% | -51.13% |
* Communication Services Sector Average
HK:0799
IGG
3.59
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IGG Corporate Events
IGG Revamps Share Award Scheme and Grants 68.7 Million Shares to Senior Management
Apr 30, 2026
IGG has amended its existing share award scheme and refreshed its limits to support a new round of equity incentives for key executives. The revised plan caps total awards at 10% of issued share capital, restricts grants to any single participant ...
IGG Sets 2026 AGM to Approve Results, Board Mandates and Share Issuance Authority
Apr 23, 2026
IGG Inc has called its annual general meeting for 27 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and the accompanying reports from directors and the external auditor. T...
IGG Grants 1.41 Million Restricted Shares to Employees Under Incentive Scheme
Apr 8, 2026
IGG Inc. has granted 1,412,530 restricted shares, or about 0.12% of its issued share capital excluding treasury shares, to 42 employees under its share incentive scheme, with no purchase price and a market reference of HK$3.62 per share on the gra...
IGG Declares Second Interim Dividend for 2025 Financial Year
Mar 25, 2026
IGG Inc. has declared a second interim ordinary dividend of HKD 0.067 per share for the financial year ending 31 December 2025, with the ex-dividend date set for 10 April 2026 and payment scheduled for 27 April 2026. The move underscores the compa...
IGG Publishes Audited 2025 Annual Results and Confirms Board Composition
Mar 25, 2026
IGG Inc has released its audited annual results for the year ended 31 December 2025, with the full 2025 annual report now available in both English and Chinese on the company and Hong Kong stock exchange websites. The report, which meets the discl...
IGG Declares Special Dividend for 2025, Boosting Shareholder Returns
Mar 25, 2026
IGG Inc. has declared a special dividend of HKD 0.477 per share for the financial year ended 31 December 2025, signalling robust cash generation and a willingness to return surplus capital to shareholders. The dividend will be paid on 27 April 202...
IGG Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 13, 2026
IGG Inc. has scheduled a board meeting for 25 March 2026 to review and approve the audited annual results for the year ended 31 December 2025, and to authorize their publication. The board will also consider whether to recommend a dividend, a deci...
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.