IPE Group Limited (0929) AI Stock Analysis

• Market Cap: HK$1.05B
• Dividend Yield: N/A
• Average Volume (3M): 3.71M
• Price to Earnings (P/E): 101.0
• Beta (1Y): 0.37
• Revenue Growth: 1.48%
• EPS Growth: 12.50%
• Country: HK
• Employees: 1,778
• Sector: Technology
• Sector Strength: 88
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): <0.01
• Shares Outstanding: 1,052,254,200
• 10 Day Avg. Volume: 7,966,500
• 30 Day Avg. Volume: 3,709,500
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$1.00
• Price Target Upside: 0.00%
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 59 Neutral
• Price Target: HK$1.00 ▲(0.00% Upside)

The overall stock score of 59 reflects moderate financial performance with strong equity but challenges in profitability and cash flow. Technical analysis shows positive momentum but overbought conditions, while valuation concerns arise from a high P/E ratio and lack of dividend yield.

IPE Group Limited Business Overview & Revenue Model

Company Description

IPE Group Limited, an investment holding company, manufactures and sells precision metal components and assembled parts for use in automotive parts, hydraulic equipment, and electronic equipment component and other devices. It also provides surface and deburring treatment services, as well as manufactures and trades in intelligent equipment. The company's customers include multinational corporations in the information technology, fluid power, automotive, and electronic sectors. It operates in Thailand, Malaysia, Mainland China, Macau, Hong Kong, North America, Europe, and internationally. The company was founded in 1990 and is headquartered in Kowloon, Hong Kong. IPE Group Limited is a subsidiary of Baoan Technology Company Limited.

How the Company Makes Money

IPE Group Limited generates revenue through the manufacturing and sale of precision metal components. Its primary revenue streams include contracts and orders from industries requiring high-precision parts, notably the automotive, aerospace, and electronics sectors. The company has established itself as a reliable supplier in these fields, often engaging in long-term partnerships with major industry players. Revenue is driven by the volume of components produced and the complexity and precision requirements of the orders fulfilled. By maintaining high-quality standards and leveraging advanced manufacturing technologies, IPE Group is able to command premium pricing for its specialized products, contributing significantly to its earnings.

IPE Group Limited Financial Statement Overview

Summary

IPE Group Limited demonstrates moderate financial health with stable revenue growth and strong equity backing. However, profitability and cash flow generation remain key challenges. While the company maintains low leverage, improving operational efficiencies and cash flow management will be crucial for sustainable growth and profitability.

Income Statement

IPE Group Limited shows a moderate revenue growth trajectory with a 12.34% increase in 2024. Gross profit margin improved to 28.28%, reflecting better cost management. However, net profit margin remains low at 1.05%, indicating challenges in converting revenue growth into substantial profits. EBITDA margin is stable at 11.85%, but EBIT margin is relatively low at 5.41%, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio of 0.16, showcasing conservative leverage. Stockholders' equity remains robust, constituting 72.63% of total assets, indicating financial stability. However, the return on equity is low at 0.59%, suggesting inefficiencies in generating returns from equity investments.

Cash Flow

Cash flow analysis highlights a concern, with operating cash flow at zero in 2024, reflecting potential cash generation issues. Free cash flow was also zero, indicating no surplus cash for expansion or debt reduction. The absence of positive cash flows could limit growth opportunities and pose a risk to financial flexibility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.01B	898.73M	962.57M	1.03B	793.73M
Gross Profit	285.70M	221.48M	274.19M	266.81M	182.47M
EBITDA	160.43M	142.06M	137.21M	216.56M	136.61M
Net Income	10.60M	5.67M	27.74M	81.43M	27.41M
Balance Sheet
Total Assets	2.47B	2.55B	2.34B	2.46B	2.28B
Cash, Cash Equivalents and Short-Term Investments	545.99M	713.40M	768.81M	850.58M	924.25M
Total Debt	294.46M	191.08M	198.78M	151.04M	206.12M
Total Liabilities	522.40M	582.64M	424.40M	394.67M	398.66M
Stockholders Equity	1.79B	1.83B	1.84B	2.01B	1.88B
Cash Flow
Free Cash Flow	-80.79M	44.68M	-94.56M	-30.30M	90.04M
Operating Cash Flow	80.86M	147.61M	4.41M	82.44M	161.74M
Investing Cash Flow	-320.46M	-134.98M	-87.00M	-158.13M	-51.78M
Financing Cash Flow	87.64M	-51.08M	42.59M	-16.18M	-67.46M

IPE Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0929, the sentiment is Positive. The current price of 1 is above the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.53, and above the 200-day MA of 0.47, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 68.42 is Neutral, neither overbought nor oversold. The STOCH value of 74.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0929.

IPE Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0838	70 Outperform	HK$2.08B	8.31	7.75%	3.64%	0.51%	3.74%
0255	62 Neutral	HK$1.02B	152.83	-0.82%	15.95%	-4.52%	―
0929	59 Neutral	HK$1.05B	101.01	0.57%	―	1.48%	12.50%
0822	47 Neutral	HK$299.41M	-5.83	-5.21%	―	10.91%	11.01%
1721	45 Neutral	HK$495.00M	-12.22	-11.30%	―	10.03%	-34.10%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

IPE Group Limited Corporate Events

IPE Group Limited Announces 2025 Interim Results with Improved Comprehensive Income

IPE Group Limited reported its unaudited interim results for the six months ending June 30, 2025, showing a slight decline in revenue to HK$487.7 million from HK$502.1 million in the same period last year. Despite the decrease in revenue, the company maintained a stable gross profit and reported a total comprehensive income of HK$77.7 million, significantly improving from a loss in the previous year, driven by favorable exchange differences.

The most recent analyst rating on (HK:0929) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on IPE Group Limited stock, see the HK:0929 Stock Forecast page.

IPE Group Limited Schedules Board Meeting for Interim Results Review

IPE Group Limited has announced that its Board of Directors will convene on August 20, 2025, to review and approve the consolidated interim results for the first half of 2025 and discuss the potential declaration of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and stakeholder interests.

IPE Group Limited Updates Nomination Committee for Enhanced Governance

IPE Group Limited has announced a change in the composition of its nomination committee to enhance corporate governance and meet new gender diversity requirements. Ms. Zeng Jing, a non-executive director, has been appointed to the committee, which now comprises five members, effective from June 30, 2025.

IPE Group Limited Announces Board Composition and Committee Roles

IPE Group Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and the roles within its committees. The board comprises executive, non-executive, and independent non-executive directors, with Mr. Zeng Guangsheng serving as the Chairman and CEO. The announcement outlines the membership of five key committees, highlighting the leadership and participation of various board members, which may impact the company’s governance and strategic direction.

IPE Group Limited Announces New Nomination Committee Terms

IPE Group Limited has announced the terms of reference for its Nomination Committee, effective from June 30, 2025. The committee will primarily consist of independent non-executive directors, with a focus on gender diversity. This move is part of the company’s governance strategy to ensure diverse and independent oversight, potentially enhancing its industry positioning and stakeholder confidence.