IPE Group Limited (HK:0929)
:0929
Want to see HK:0929 full AI Analyst Report?
Top Page
IPE Group Limited
(0929)
Select Model
Select Model
Rating:62Neutral
Price Target:
HK$0.82
▲(2.00% Upside)
Action:Reiterated
Date:05/12/26
The score is held back primarily by weak financial performance—very thin margins, deteriorating operating profitability in 2025, and negative free cash flow despite a strong low-leverage balance sheet. Technicals are supportive with an established uptrend and positive momentum, while valuation (P/E ~21.6) looks only moderate given low profitability.
Positive Factors
Conservative Balance Sheet
A very low debt-to-equity (~0.10 in 2025) and sizable equity base give the company financial flexibility and downside protection. Over 2–6 months this conservatism supports stability through cyclical demand, funds working capital needs, and preserves capacity for opportunistic reinvestment or M&A without refinancing stress.
Negative Factors
Very Thin Net Margins
Net margins near 1% reflect limited pricing power and tight cost absorption in a capital- and labor-intensive fabrication business. Persistent single-digit net margins constrain internal reinvestment, make earnings sensitive to input-cost swings, and limit the company's ability to generate durable shareholder returns absent margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A very low debt-to-equity (~0.10 in 2025) and sizable equity base give the company financial flexibility and downside protection. Over 2–6 months this conservatism supports stability through cyclical demand, funds working capital needs, and preserves capacity for opportunistic reinvestment or M&A without refinancing stress.
Read all positive factors
IPE Group Limited (0929) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$810.24M
Dividend YieldN/A
Average Volume (3M)4.63M
Price to Earnings (P/E)21.5
Beta (1Y)0.43
Revenue Growth7.63%
EPS Growth6.93%
CountryHK
Employees1,778
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 Ratio10.00
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
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 surfac...
How the Company Makes Money
null...
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
Positive
0.80
Price Trends
0.64
Positive
0.68
Positive
0.69
Positive
Market Momentum
0.04
Negative
61.05
Neutral
52.80
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 0.8 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.64, and above the 200-day MA of 0.69, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 61.05 is Neutral, neither overbought nor oversold. The STOCH value of 52.80 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$1.45B | 5.89 | 7.83% | 5.09% | -4.27% | 1.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$906.63M | -14.20 | -1.44% | 14.77% | -15.02% | -65.74% | |
62 Neutral | HK$810.24M | 21.49 | 0.61% | ― | 7.63% | 6.93% | |
56 Neutral | HK$308.35M | -12.33 | -4.33% | ― | -1.23% | 54.52% | |
46 Neutral | HK$140.00M | -4.53 | -24.01% | ― | 10.03% | -34.10% |
* Industrials Sector Average
HK:0929
IPE Group Limited
0.76
0.28
58.33%
HK:0822
Ka Shui International Holdings Limited
0.34
-0.04
-11.69%
HK:0838
Eva Precision Industrial Holdings Limited
0.83
0.15
22.42%
HK:0255
Lung Kee (Bermuda) Holdings Limited
1.41
0.27
24.23%
HK:0976
Chiho Environmental Group Limited
0.43
0.00
0.00%
HK:1721
FSM Holdings Limited
0.14
-0.27
-66.27%
IPE Group Limited Corporate Events
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...
IPE Group Posts Higher 2025 Profit and Resumes Dividend Payout
Mar 27, 2026
IPE Group Limited reported a 7.6% rise in revenue to HK$1.09 billion for 2025, with gross margin edging up to 28.9% and net profit increasing 13% to HK$34 million. Basic earnings per share improved to HK1.08 cents, and net asset value per share ro...
IPE Group Declares Final HKD 0.028 Dividend for 2025
Mar 27, 2026
IPE Group Limited has declared a final ordinary cash dividend of HKD 0.028 per share for the financial year ended 31 December 2025, reinforcing its practice of returning value to shareholders. The dividend, subject to shareholder approval on 5 Jun...
IPE Group Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 16, 2026
IPE Group Limited has scheduled a board meeting for 27 March 2026 to review and approve the consolidated annual results for the year ended 31 December 2025. The board will also consider recommending a final dividend, a decision that could affect s...
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.