BoardWare Intelligence Technology Limited (HK:1204)
:1204
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BoardWare Intelligence Technology Limited
(1204)
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Rating:46Neutral
Price Target:
HK$1.50
▼(-25.00% Downside)
Action:Reiterated
Date:04/29/26
The score is held back mainly by weak and inconsistent cash flow (negative 2025 free cash flow) and very high valuation (P/E ~122.8). Technicals also remain bearish with price below major moving averages and negative MACD, while revenue growth and a moderate leverage profile provide only limited support.
Positive Factors
Moderate leverage and solid equity base
A strong equity base and low debt-to-equity (~0.27) provide durable financial flexibility, lowering refinancing and distress risk. This capital structure supports strategic investment, working-capital cushions and resilience to cyclical shocks over the next several quarters.
Negative Factors
Inconsistent and negative free cash flow
Material and recurring swings to negative free cash flow undermine internal funding for capex and growth, forcing reliance on external financing. Persistent cash volatility raises execution risk and may constrain strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage and solid equity base
A strong equity base and low debt-to-equity (~0.27) provide durable financial flexibility, lowering refinancing and distress risk. This capital structure supports strategic investment, working-capital cushions and resilience to cyclical shocks over the next several quarters.
Read all positive factors
BoardWare Intelligence Technology Limited (1204) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$750.00M
Dividend YieldN/A
Average Volume (3M)3.33K
Price to Earnings (P/E)122.8
Beta (1Y)0.35
Revenue Growth13.26%
EPS Growth757.89%
CountryHK
Employees333
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding500,000,000
10 Day Avg. Volume2,400
30 Day Avg. Volume3,333
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.90
Price to Sales (P/S)1.36
P/FCF Ratio-48.80
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
BoardWare Intelligence Technology Limited Business Overview & Revenue Model
Company Description
BoardWare Intelligence Technology Limited provides enterprise IT solutions in Macau. It offers professional IT services, including data networking, system infrastructure, virtualization, and cybersecurity services; IT operation management services...
BoardWare Intelligence Technology Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 733.92M | 648.01M | 717.60M | 580.83M | 534.30M |
| Gross Profit | 144.01M | 124.80M | 115.65M | 100.35M | 112.11M |
| EBITDA | 17.63M | -9.87M | 24.11M | 21.61M | 43.97M |
| Net Income | 8.14M | 952.00K | 4.50M | 3.25M | 24.00M |
Balance Sheet | |||||
| Total Assets | 697.61M | 585.66M | 583.40M | 573.06M | 436.12M |
| Cash, Cash Equivalents and Short-Term Investments | 129.03M | 167.51M | 93.10M | 160.27M | 21.48M |
| Total Debt | 91.68M | 29.48M | 22.21M | 12.16M | 41.53M |
| Total Liabilities | 352.55M | 249.71M | 247.38M | 242.04M | 267.23M |
| Stockholders Equity | 345.07M | 335.95M | 336.03M | 331.02M | 168.88M |
Cash Flow | |||||
| Free Cash Flow | -20.49M | 20.23M | -79.46M | 56.79M | -54.85M |
| Operating Cash Flow | 14.92M | 36.31M | -75.43M | 63.36M | -49.73M |
| Investing Cash Flow | -92.77M | 28.08M | -2.88M | -56.57M | -5.09M |
| Financing Cash Flow | 58.41M | -7.17M | 1.50M | 84.86M | 39.37M |
BoardWare Intelligence Technology Limited Technical Analysis
Negative
2.00
Price Trends
1.83
Negative
1.90
Negative
1.78
Positive
Market Momentum
>-0.01
Positive
47.06
Neutral
23.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1204, the sentiment is Negative. The current price of 2 is above the 20-day moving average (MA) of 1.81, above the 50-day MA of 1.83, and above the 200-day MA of 1.78, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 23.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1204.
BoardWare Intelligence Technology Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$618.66M | 1.63 | 4.70% | 7.27% | 7.18% | -20.03% | |
70 Outperform | HK$609.00M | 8.67 | 60.23% | 12.99% | -4.82% | -4.32% | |
65 Neutral | HK$780.67M | 4.03 | 3.52% | 3.66% | 9.79% | -44.84% | |
64 Neutral | HK$747.71M | 6.78 | 1.74% | 2.52% | 13.62% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$438.65M | 5.63 | 3.70% | 9.12% | 13.15% | 197.79% | |
46 Neutral | HK$750.00M | 122.84 | 2.39% | ― | 13.26% | 757.89% |
* Technology Sector Average
HK:1204
BoardWare Intelligence Technology Limited
1.50
0.26
20.97%
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-36.08%
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2.58
0.45
21.01%
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BII Railway Transportation Technology Holdings Co., Ltd.
0.30
0.03
13.46%
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China ITS Holdings Co., Ltd.
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BoardWare Intelligence Technology Limited Corporate Events
BoardWare Intelligence Calls 2026 AGM and Seeks Fresh Share Issue Mandate
Apr 23, 2026
BoardWare Intelligence Technology Limited has called its annual general meeting for 18 June 2026 in Macau, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and receive reports from th...
BoardWare Profit Jumps as Revenue Grows but Cash Levels Ease in 2025
Mar 30, 2026
BoardWare Intelligence Technology Limited reported solid top-line growth for 2025, with revenue rising 13.3% year on year to HK$733.9 million and gross profit up 15.4% to HK$144.0 million, supported by stable operating expenses. The company’...
BoardWare Flags At Least 500% Profit Surge on Higher-Value IT Contracts
Mar 23, 2026
BoardWare Intelligence Technology Limited has issued a profit alert indicating that its profit for the year ended 31 December 2025 is expected to rise by at least 500% from approximately HK$1 million recorded in 2024. The company attributes this s...
BoardWare Schedules March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 18, 2026
BoardWare Intelligence Technology Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend fo...
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.