IPE Group Limited (0929) AI Stock Analysis

• Market Cap: HK$431.42M
• Dividend Yield: N/A
• Average Volume (3M): 9.50K
• Price to Earnings (P/E): 41.6
• Beta (1Y): 0.41
• Revenue Growth: 12.38%
• EPS Growth: 87.04%
• Country: HK
• Employees: 1,778
• Sector: Technology
• Sector Strength: 89
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.01
• Shares Outstanding: 1,052,254,200
• 10 Day Avg. Volume: 9,000
• 30 Day Avg. Volume: 9,500
• PEG Ratio: 3.02
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.19
• 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$0.50
• Price Target Upside: 21.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: HK$0.50 ▲(21.95%Upside)

IPE Group Limited's overall stock score is primarily influenced by its moderate financial performance, characterized by stable revenue growth but challenged profitability and cash flow generation. The negative technical indicators and high P/E ratio further weigh down the score, indicating caution for potential investors.

IPE Group Limited Business Overview & Revenue Model

Company Description

IPE Group Limited (0929) is a Hong Kong-based company primarily engaged in the manufacturing of precision metal components and parts. The company serves various sectors, including automotive, electronic, and industrial equipment. IPE Group is known for its high-precision machining capabilities and offers a range of services from design to production, catering to both local and international markets.

How the Company Makes Money

IPE Group Limited makes money through the production and sale of precision metal components and parts. The company's revenue model is centered around its manufacturing capabilities, providing custom solutions to clients in sectors such as automotive and electronics, where precision engineering is critical. Revenue streams include the direct sale of manufactured components, as well as contracted services for product design and development. Significant partnerships with key players in these sectors contribute to its earnings by securing consistent demand for its high-quality products.

IPE Group Limited Financial Statement Overview

Summary

IPE Group Limited shows moderate financial strength with notable revenue growth and strong equity backing. However, the company faces challenges in profitability and cash flow generation, with a low net profit margin and zero operating cash flow in 2024.

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: Negative
• Last Price: 0.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.41 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.43, and below the 200-day MA of 0.46, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.79 is Neutral, neither overbought nor oversold. The STOCH value of 15.90 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0838	76 Outperform	€1.26B	5.22	7.82%	12.05%	1.85%	2.72%
0255	62 Neutral	HK$859.08M	―	-0.79%	14.71%	7.17%	81.17%
Sector *	56 Neutral	HK$13.86B	5.36	-5.75%	5.41%	9.34%	-42.23%
0822	55 Neutral	€330.69M	―	-5.00%	―	15.54%	-115.72%
0929	52 Neutral	HK$431.42M	41.58	0.58%	―	12.38%	87.04%
1721	49 Neutral	HK$465.00M	―	-10.69%	―	-7.29%	29.68%

IPE Group Limited Corporate Events

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.

IPE Group Limited’s AGM Resolutions Unanimously Approved

IPE Group Limited announced that all resolutions proposed at its Annual General Meeting on May 16, 2025, were approved by shareholders. The resolutions included the re-election of directors, authorization of directors’ and auditors’ remuneration, and granting of mandates for share repurchase and issuance, indicating strong shareholder support and strategic alignment with the company’s governance and financial management objectives.

IPE Group Limited Announces 2025 Annual General Meeting Agenda

IPE Group Limited, a company incorporated in the Cayman Islands, has announced its Annual General Meeting scheduled for May 16, 2025, in Hong Kong. The meeting will address several key agenda items, including the re-election of directors, authorization of directors’ and auditors’ remuneration, and resolutions to allow the company to purchase its shares and issue new shares. These decisions are significant for the company’s governance and strategic operations, potentially impacting its market positioning and shareholder value.