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Igg (OTC) (HK:0799)
:0799

IGG (0799) AI Stock Analysis

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HK

IGG

(OTC:0799)

73Outperform
IGG demonstrates strong financial performance with significant revenue growth and effective cost management. The company's low debt levels and high equity ratio highlight its financial stability. However, the technical analysis suggests potential caution with possible bearish momentum and overbought conditions. The stock's undervaluation and attractive dividend yield enhance its appeal, contributing to a solid overall score.

IGG (0799) vs. S&P 500 (SPY)

IGG Business Overview & Revenue Model

Company DescriptionIGG 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. It also licenses online games; and provides customer support and technical support services. IGG Inc was founded in 2006 and is headquartered in Singapore.
How the Company Makes MoneyIGG Inc. generates revenue primarily through its mobile gaming operations. The company follows a freemium model where games are free to download and play, but revenue is derived from in-game purchases and microtransactions. Players can purchase virtual goods, such as in-game currency, special items, and premium features, to enhance their gaming experience. Additionally, IGG generates income through advertising by integrating ads into their games, offering another revenue stream. Key partnerships with app stores like Google Play and Apple App Store facilitate the distribution and monetization of their games, contributing significantly to their financial success. IGG also benefits from a global distribution network, allowing them to reach a broad audience across various regions, which enhances their revenue potential.

IGG Financial Statement Overview

Summary
IGG shows a commendable financial performance with robust revenue growth, enhanced margins, and strong cash flow generation. The low debt levels and high equity ratio contribute to financial stability and reduced risk. However, the net profit margin is an area for improvement. Overall, the company is on a positive financial trajectory with sound management of its resources.
Income Statement
72
Positive
IGG has demonstrated strong revenue growth from 2023 to 2024, with a revenue increase of 8.94%. The gross profit margin for 2024 is robust at 80.37%, indicating effective cost management. However, the net profit margin stands at 10.12%, reflecting a decline from previous years. The EBIT and EBITDA margins improved significantly in 2024 to 11.68% and 13.67%, respectively, showing enhanced operational efficiency.
Balance Sheet
85
Very Positive
IGG maintains a solid balance sheet with a low debt-to-equity ratio of 0.03, suggesting minimal reliance on debt. The equity ratio is strong at 70.64%, indicating a healthy proportion of equity financing. The return on equity (ROE) for 2024 is 18.60%, showcasing effective use of shareholder funds to generate profits. Overall, the balance sheet reflects financial stability and low leverage risk.
Cash Flow
78
Positive
The company has achieved a significant improvement in free cash flow, turning from negative in 2023 to positive in 2024. The operating cash flow to net income ratio is 1.93, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 1.70, reflecting efficient conversion of profits into cash. The positive trajectory in cash flows suggests improved liquidity and financial health.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
5.74B5.27B4.59B6.05B5.46B
Gross Profit
4.61B3.92B3.15B4.20B3.82B
EBIT
670.07M91.49M-209.60M559.53M1.35B
EBITDA
784.17M212.09M-356.31M610.75M2.40B
Net Income Common Stockholders
580.68M73.05M-503.59M370.44M2.10B
Balance SheetCash, Cash Equivalents and Short-Term Investments
2.27B1.49B1.59B1.96B2.17B
Total Assets
4.42B3.70B3.64B4.45B4.88B
Total Debt
83.91M63.22M63.00M158.91M88.98M
Net Debt
-2.16B-1.41B-1.52B-1.79B-2.08B
Total Liabilities
1.29B962.67M924.27M1.14B1.02B
Stockholders Equity
3.12B2.73B2.71B3.31B3.86B
Cash FlowFree Cash Flow
986.98M-5.35M-232.65M389.52M1.26B
Operating Cash Flow
1.12B128.58M-98.24M660.26M1.29B
Investing Cash Flow
-122.92M-96.23M-152.03M212.40M-257.86M
Financing Cash Flow
-205.33M-143.67M-73.85M-1.11B-1.26B

IGG Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price3.66
Price Trends
50DMA
3.72
Negative
100DMA
3.81
Negative
200DMA
3.62
Positive
Market Momentum
MACD
0.02
Negative
RSI
52.33
Neutral
STOCH
37.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0799, the sentiment is Neutral. The current price of 3.66 is above the 20-day moving average (MA) of 3.55, below the 50-day MA of 3.72, and above the 200-day MA of 3.62, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 52.33 is Neutral, neither overbought nor oversold. The STOCH value of 37.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0799.

IGG Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
HK$218.94B13.1827.71%9.84%142.09%
73
Outperform
HK$4.20B7.2319.85%4.07%8.95%712.96%
60
Neutral
$14.09B6.89-3.35%3.69%2.42%-36.25%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0799
IGG
3.66
0.46
14.23%
TCTZF
Tencent Holdings
65.70
15.82
31.72%
MPNGF
Meituan
17.68
1.80
11.34%
KSFTF
Kingsoft
5.06
1.58
45.40%
XIACF
Xiaomi
6.56
4.00
156.25%
HK:1024
Kuaishou Technology Class B
50.85
-8.30
-14.03%

IGG Corporate Events

IGG Inc Announces Annual General Meeting and Key Resolutions for 2025
Apr 24, 2025

IGG Inc has announced its annual general meeting to be held on May 28, 2025, in Hong Kong. Key agenda items include reviewing the company’s financial statements, re-electing executive directors, appointing a new independent non-executive director, and approving the board’s authority to manage director remunerations and share allotments. The meeting will also address the re-appointment of KPMG as the company’s auditor. These resolutions aim to strengthen IGG’s governance and operational strategies, potentially impacting its market positioning and shareholder value.

IGG Inc Releases 2024 Annual Financial Results
Mar 26, 2025

IGG Inc has announced its audited annual results for the year ending December 31, 2024. The announcement complies with the listing rules of the Hong Kong Stock Exchange and includes the full text of the company’s 2024 annual report, which will be available on the company’s and the Stock Exchange’s websites. This release is significant for stakeholders as it provides a comprehensive overview of the company’s financial performance and governance for the past year.

IGG Inc Proposes New Director Appointment and Share Scheme Amendments
Mar 26, 2025

IGG Inc, incorporated in the Cayman Islands, has announced the proposed appointment of Mr. Tan Hup Foi as an independent non-executive director, pending shareholder approval at the upcoming AGM. Additionally, the company plans to amend its Share Incentive Scheme to allow the use of Treasury Shares for granting awards, a change that does not require shareholder approval. These strategic moves aim to enhance board diversity and align with the company’s business objectives and diversity goals.

IGG Inc Declares Second Interim Dividend for 2024
Mar 26, 2025

IGG Inc has announced a second interim cash dividend for the year ending December 31, 2024, with a declared amount of HKD 0.064 per share. This announcement reflects the company’s financial strategy and commitment to returning value to its shareholders, with the dividend payment scheduled for April 28, 2025. The ex-dividend date is set for April 10, 2025, and the record date is April 16, 2025, indicating a stable financial position and potential positive impact on shareholder satisfaction.

IGG Inc Schedules Board Meeting to Approve Annual Results
Mar 14, 2025

IGG Inc, a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced that its board of directors will hold a meeting on March 26, 2025. The purpose of this meeting is to consider and approve the annual results for the year ending December 31, 2024, and discuss the potential recommendation for a dividend payment. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, as well as its focus on financial performance and potential returns to investors.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.