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IPE Group Limited
(0929)
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Rating:48Neutral
Price Target:
HK$0.59
▼(-25.75% Downside)
Action:Reiterated
Date:06/27/26
The score is held back primarily by weak profitability and negative/volatile free cash flow despite a conservatively financed balance sheet. Technicals also weigh on the outlook, with the stock trading below major moving averages and bearish momentum signals. Valuation adds caution due to a high P/E, partially mitigated by a relatively attractive dividend yield.
Positive Factors
Conservative balance sheet
Very low debt and an improving debt-to-equity ratio provide durable financial flexibility. This conservatively financed balance sheet supports resilience through cycles, preserves borrowing capacity for strategic investment, and reduces refinancing risk over the next several quarters.
Negative Factors
Very thin net margins
Net margins near 1% constrain the company's ability to convert revenue into shareholder returns. Persistently thin profitability limits reinvestment capacity, makes dividend sustainability dependent on cost improvements, and leaves little cushion versus margin shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt and an improving debt-to-equity ratio provide durable financial flexibility. This conservatively financed balance sheet supports resilience through cycles, preserves borrowing capacity for strategic investment, and reduces refinancing risk over the next several quarters.
Read all positive factors
IPE Group Limited (0929) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$599.78M
Dividend YieldN/A
Average Volume (3M)4.63M
Price to Earnings (P/E)54.6
Beta (1Y)0.64
Revenue Growth7.63%
EPS Growth6.93%
CountryHK
Employees2,117
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,052,254,200
10 Day Avg. Volume2,227,625
30 Day Avg. Volume4,632,305
Financial Highlights & Ratios
PEG Ratio10.02
Price to Book (P/B)0.42
Price to Sales (P/S)0.73
P/FCF Ratio-77.05
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)N/A
Revenue Forecast (FY)N/A
IPE Group Limited Business Overview & Revenue Model
Company Description
Operating as an investment holding company, IPE Group Limited specializes in the fabrication and distribution of high-precision metal components and pre-assembled units. These intricate products are indispensable for diverse applications within th...
How the Company Makes Money
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IPE Group Limited Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
72
Positive
Cash Flow
39
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.09B | 1.01B | 898.73M | 962.57M | 1.03B |
| Gross Profit | 313.93M | 285.70M | 222.82M | 274.19M | 266.81M |
| EBITDA | 138.19M | 160.43M | 113.53M | 137.21M | 216.56M |
| Net Income | 11.39M | 10.60M | 5.67M | 8.69M | 81.43M |
Balance Sheet | |||||
| Total Assets | 2.59B | 2.47B | 2.55B | 2.34B | 2.46B |
| Cash, Cash Equivalents and Short-Term Investments | 487.38M | 545.99M | 713.40M | 773.67M | 850.58M |
| Total Debt | 193.28M | 294.46M | 191.08M | 198.78M | 151.04M |
| Total Liabilities | 514.97M | 522.40M | 582.64M | 424.40M | 394.67M |
| Stockholders Equity | 1.90B | 1.79B | 1.83B | 1.84B | 2.01B |
Cash Flow | |||||
| Free Cash Flow | -10.24M | -80.79M | 44.68M | -94.56M | -30.30M |
| Operating Cash Flow | 81.59M | 83.83M | 147.61M | 4.41M | 82.44M |
| Investing Cash Flow | -78.92M | -315.48M | -134.98M | -87.00M | -158.13M |
| Financing Cash Flow | -112.44M | 87.64M | -51.08M | 42.59M | -16.18M |
IPE Group Limited Technical Analysis
Negative
0.80
Price Trends
0.69
Negative
0.65
Negative
0.71
Negative
Market Momentum
-0.03
Positive
43.91
Neutral
18.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0929, the sentiment is Negative. The current price of 0.8 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.69, and above the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 43.91 is Neutral, neither overbought nor oversold. The STOCH value of 18.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0929.
IPE Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$1.20B | 15.58 | 7.79% | 2.71% | 37.42% | 124.96% | |
61 Neutral | HK$4.09B | 14.61 | 18.58% | 1.81% | 7.37% | 32.08% | |
54 Neutral | HK$970.00M | 60.00 | 6.14% | ― | -12.73% | -48.73% | |
48 Neutral | HK$599.78M | 54.63 | 0.61% | ― | 7.63% | 6.93% | |
47 Neutral | HK$41.07B | -150.68 | -0.23% | 2.07% | -14.08% | -105.52% |
* Industrials Sector Average
HK:0929
IPE Group Limited
0.59
0.18
44.25%
HK:0976
Chiho Environmental Group Limited
0.43
0.00
0.00%
HK:1050
Karrie International Holdings Limited
1.95
1.07
121.59%
HK:2039
China International Marine Containers (Group) Co., Ltd Class H
7.13
0.43
6.45%
HK:3816
KFM Kingdom Holdings Ltd.
2.12
1.83
621.09%
HK:2535
WK Group (Holdings) Limited
0.48
-0.08
-14.29%
IPE Group Limited Corporate Events
IPE Group Wins Unanimous Shareholder Backing for Dividends, Buybacks and Share Scheme Changes
Jun 5, 2026
IPE Group Limited shareholders unanimously approved all resolutions at the 5 June 2026 annual general meeting, including receiving the audited financial statements for the year ended 31 December 2025 and authorising a final dividend of HK2.8 cents...
IPE Group Sets 2026 AGM to Approve Dividend, Board Mandates and 10% Share Buy-Back Authority
May 14, 2026
IPE Group Limited has convened its annual general meeting for 5 June 2026 in Guangzhou, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider a proposed final dividend of HK2.8 cents per s...
IPE Group Grants 54.2 Million Share Options Under Long-Term Incentive Plan
Apr 16, 2026
IPE Group Limited has granted offers for 54.2 million share options under its 2022 share option scheme to certain eligible participants, exercisable into ordinary shares of HK$0.10 each at an exercise price of HK$0.59 per share. The options, which...
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.