IPE Group Limited (0929) AI Stock Analysis

• Market Cap: HK$852.33M
• Dividend Yield: N/A
• Average Volume (3M): 4.63M
• Price to Earnings (P/E): 81.8
• Beta (1Y): 0.37
• Revenue Growth: 1.48%
• EPS Growth: 12.50%
• Country: HK
• Employees: 1,778
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): <0.01
• Shares Outstanding: 1,052,254,200
• 10 Day Avg. Volume: 2,227,625
• 30 Day Avg. Volume: 4,632,305
• PEG Ratio: 0.56
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -6.45
• 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: 23.46% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: HK$1.00 ▲(23.46% Upside)

IPE Group Limited's stock score is primarily influenced by moderate financial performance and technical indicators suggesting potential short-term bullish momentum. However, the high P/E ratio indicates overvaluation, which could limit future price appreciation unless profitability improves.

IPE Group Limited Business Overview & Revenue Model

Company Description

IPE Group Limited (0929) is a Hong Kong-based company primarily engaged in the manufacturing and sale of precision metal components. The company operates within the sectors of high-precision metal machining and component manufacturing, serving industries such as automotive, aerospace, and electronics. IPE Group specializes in the production of high-quality components that meet the stringent requirements of its diverse industrial clientele.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	995.60M	1.01B	898.73M	962.57M	1.03B	793.73M
Gross Profit	285.45M	285.70M	222.82M	274.19M	266.81M	182.47M
EBITDA	128.23M	160.43M	144.14M	137.21M	216.56M	136.61M
Net Income	10.42M	10.60M	5.67M	8.69M	81.43M	27.41M
Balance Sheet
Total Assets	2.49B	2.47B	2.55B	2.34B	2.46B	2.28B
Cash, Cash Equivalents and Short-Term Investments	489.23M	545.99M	713.40M	773.67M	850.58M	924.25M
Total Debt	207.58M	294.46M	191.08M	198.78M	151.04M	206.12M
Total Liabilities	460.91M	522.40M	582.64M	424.40M	394.67M	398.66M
Stockholders Equity	1.86B	1.79B	1.83B	1.84B	2.01B	1.88B
Cash Flow
Free Cash Flow	2.20M	-80.79M	44.68M	-94.56M	-30.30M	90.04M
Operating Cash Flow	134.43M	83.83M	147.61M	4.41M	82.44M	161.74M
Investing Cash Flow	-118.22M	-315.48M	-134.98M	-87.00M	-158.13M	-51.78M
Financing Cash Flow	-101.58M	87.64M	-51.08M	42.59M	-16.18M	-67.46M

IPE Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Neutral. The current price of 0.81 is below the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.65, and above the 200-day MA of 0.50, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.14 is Neutral, neither overbought nor oversold. The STOCH value of 16.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	HK$2.09B	8.10	8.13%	3.55%	0.51%	3.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0255	62 Neutral	HK$1.13B	168.87	0.40%	13.90%	-4.52%	―
0929	59 Neutral	HK$852.33M	81.82	0.57%	―	1.48%	12.50%
0822	51 Neutral	€321.75M	―	-4.46%	―	10.91%	11.01%
1721	46 Neutral	HK$435.00M	―	-22.57%	―	10.03%	-34.10%

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.