IGG (0799) AI Stock Analysis

• Market Cap: HK$4.16B
• Dividend Yield: 3.82%
• Average Volume (3M): 3.25M
• Price to Earnings (P/E): 7.5
• Beta (1Y): 1.01
• Revenue Growth: 4.02%
• EPS Growth: -23.98%
• Country: HK
• Employees: 2,028
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.23
• Shares Outstanding: 1,175,580,600
• 10 Day Avg. Volume: 2,974,423
• 30 Day Avg. Volume: 3,253,828
• PEG Ratio: 0.00
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.79
• P/FCF Ratio: 8.28
• 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: HK$4.77
• Price Target Upside: 26.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.58
• Revenue Forecast (FY): HK$5.92B

• Rating: 74 Outperform
• Price Target: HK$4.00 ▲(5.82% Upside)
• Action: Upgraded Date: 03/27/26
• Date: Action: Upgraded 03/27/26

The score is driven primarily by strong financial footing (low leverage and improved profitability) and compelling valuation (low P/E and ~4% dividend yield). Offsetting these positives are mixed technicals (negative MACD and below the 200-day average) and operating/cash-flow volatility, including uneven revenue trends and weaker 2025 free cash flow versus 2024.

Positive Factors

Low Leverage / Strong Balance Sheet

Very low leverage and a sizeable equity base provide durable financial flexibility: the company can fund live-ops, content investment, user-acquisition spikes, or opportunistic M&A without heavy refinancing risk. This cushioning supports steady operations across game cycles and downturns.

Negative Factors

Inconsistent Revenue Growth

Uneven top-line momentum and a recent revenue decline reduce visibility into medium-term growth. For a live-service games operator, inconsistent revenue suggests challenges in launching or sustaining hit content, increasing the need for higher marketing spend and making long-term planning and reinvestment pacing more uncertain.

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....

Read more

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 generates revenue from its mobile games through free-to-play monetization. Its key revenue streams include: (1) In-app purchases (IAP): Players download games for free and spend on virtual items such as in-game currency, character/he...

Read more

IGG primarily generates revenue from its mobile games through free-to-play monetization. Its key revenue streams include: (1) In-app purchases (IAP): Players download games for free and spend on virtual items such as in-game currency, character/he...

IGG Financial Statement Overview

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	717.73M	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

• Technical Analysis Sentiment: Positive
• Last Price: 3.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3.15, above the 50-day MA of 3.35, and below the 200-day MA of 3.96, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 68.07 is Neutral, neither overbought nor oversold. The STOCH value of 87.02 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0799	74 Outperform	HK$4.16B	7.47	17.91%	3.82%	4.02%	-23.98%
9999	73 Outperform	HK$536.69B	18.22	24.72%	2.22%	5.45%	32.55%
2660	72 Outperform	HK$2.63B	6.70	11.78%	13.83%	-27.66%	-51.96%
2400	69 Neutral	HK$29.95B	18.73	49.47%	1.18%	51.87%	4031.49%
9626	64 Neutral	HK$74.37B	62.43	8.04%	―	16.59%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
0777	48 Neutral	HK$4.82B	33.82	2.70%	8.76%	-23.86%	-113.19%

IGG Corporate Events