i-Control Holdings Limited (1402) AI Stock Analysis

• Market Cap: HK$238.35M
• Dividend Yield: N/A
• Average Volume (3M): 46.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.03
• Revenue Growth: -6.11%
• EPS Growth: -16.26%
• Country: HK
• Employees: 69
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): >-0.01
• Shares Outstanding: 1,050,500,000
• 10 Day Avg. Volume: 16,000
• 30 Day Avg. Volume: 46,000
• PEG Ratio: -0.80
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 1.96
• P/FCF Ratio: 13.42
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$0.50 ▲(117.39% Upside)

The overall stock score of 53 reflects significant challenges in financial performance, particularly in profitability, as indicated by negative net profit margins and a negative P/E ratio. Technical analysis shows positive price trends, but potential overbought conditions could limit upside. The absence of a dividend yield and negative earnings further weigh on the valuation.

i-Control Holdings Limited Business Overview & Revenue Model

Company Description

i-Control Holdings Limited (1402) is a technology-driven company specializing in the development and integration of advanced control systems and IoT solutions for various industries. The company focuses on providing innovative products and services that enhance automation, energy management, and operational efficiency. With a strong emphasis on research and development, i-Control Holdings aims to deliver cutting-edge solutions that cater to the growing demand for smart technologies in sectors such as manufacturing, healthcare, and smart cities.

How the Company Makes Money

i-Control Holdings Limited generates revenue primarily through the sale of its proprietary control systems and IoT solutions. The company has a diversified revenue model that includes direct sales to end-users, licensing agreements for its technology, and ongoing service contracts for maintenance and support. Key revenue streams include system installations, software subscriptions, and consulting services. Additionally, i-Control Holdings often partners with other technology firms and industrial players to co-develop solutions, which can lead to revenue-sharing agreements and joint ventures that further enhance its earnings potential.

i-Control Holdings Limited Financial Statement Overview

Summary

i-Control Holdings Limited faces challenges in profitability, as evidenced by negative net profit margins and declining gross profit margins. The balance sheet is stable with low leverage, but the negative return on equity highlights profitability issues. Cash flow metrics show some positive trends, particularly in free cash flow growth, but overall cash conversion remains a concern. The company needs to focus on improving profitability and maintaining cost efficiency to enhance its financial performance.

Income Statement

The company has experienced fluctuating revenue growth with a recent positive trend of 3.9%. However, profitability metrics such as net profit margin and EBIT margin are negative, indicating challenges in maintaining profitability. The gross profit margin has decreased significantly over the years, suggesting pressure on cost management.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.087, indicating low leverage and financial stability. However, the return on equity is negative, reflecting poor profitability. The equity ratio is strong, suggesting a solid capital structure.

Cash Flow

The company has shown improvement in free cash flow growth at 19.9%, which is a positive sign. However, the operating cash flow to net income ratio is moderate, indicating potential challenges in converting income into cash. The free cash flow to net income ratio is close to 1, suggesting efficient cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	122.22M	122.22M	121.88M	157.84M	171.45M	145.38M
Gross Profit	7.25M	14.00M	12.29M	18.95M	60.86M	56.82M
EBITDA	-1.39M	-7.42M	-8.34M	11.95M	11.78M	18.52M
Net Income	-18.32M	-18.32M	-12.88M	5.74M	6.70M	12.79M
Balance Sheet
Total Assets	151.49M	151.49M	190.15M	236.16M	243.80M	207.67M
Cash, Cash Equivalents and Short-Term Investments	48.83M	48.83M	35.82M	49.44M	71.03M	68.69M
Total Debt	10.24M	10.24M	15.63M	18.89M	22.53M	26.42M
Total Liabilities	34.28M	34.28M	49.37M	55.66M	68.71M	62.75M
Stockholders Equity	117.21M	117.21M	141.23M	179.44M	174.30M	144.98M
Cash Flow
Free Cash Flow	17.85M	17.85M	9.44M	-13.27M	4.98M	7.72M
Operating Cash Flow	18.06M	18.06M	10.02M	-4.45M	5.48M	8.88M
Investing Cash Flow	140.00K	140.00K	-532.00K	-8.79M	-21.79M	-560.00K
Financing Cash Flow	-5.05M	-5.05M	-23.00M	-7.87M	18.30M	-10.65M

i-Control Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1402, the sentiment is Negative. The current price of 0.23 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.25, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.45 is Neutral, neither overbought nor oversold. The STOCH value of 45.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1402.

i-Control Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1522	71 Outperform	HK$723.52M	3.96	6.75%	6.96%	7.39%	2.23%
1460	70 Outperform	HK$272.05M	10.58	4.67%	3.39%	5.87%	54.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1402	53 Neutral	HK$238.35M	-15.87	-9.44%	―	-6.11%	-16.26%
8229	52 Neutral	HK$335.91M	―	―	―	-9.21%	-4.52%
8606	51 Neutral	HK$98.32M	―	-1.95%	―	5.01%	82.54%

i-Control Holdings Limited Corporate Events

i-Control Holdings Limited Announces Upcoming Board Meeting

i-Control Holdings Limited has announced a board meeting scheduled for November 12, 2025. The meeting will focus on approving the unaudited consolidated interim results for the six months ending September 30, 2025, and considering the payment of an interim dividend. This announcement signals the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (HK:1402) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on i-Control Holdings Limited stock, see the HK:1402 Stock Forecast page.

i-Control Holdings Limited Announces Positive Profit Turnaround

i-Control Holdings Limited has announced a positive profit alert, indicating a significant turnaround from a net loss of approximately HK$17 million in the previous year to an expected net profit of up to HK$500,000 for the six months ending September 2025. This improvement is attributed to decreased impairment losses, reduced staff costs, and the disposal of loss-making subsidiaries. The company is finalizing its unaudited financial statements, with results expected in mid-November 2025.

The most recent analyst rating on (HK:1402) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on i-Control Holdings Limited stock, see the HK:1402 Stock Forecast page.

i-Control Holdings Secures Unanimous Approval for AGM Resolutions

i-Control Holdings Limited announced the successful passing of all proposed resolutions at its Annual General Meeting held on August 8, 2025. The resolutions included the adoption of financial statements, re-election of directors, authorization of board remuneration, re-appointment of auditors, and granting of mandates for share allotment and buy-back. Additionally, a special resolution to amend the company’s memorandum and articles of association was also approved. This unanimous approval reflects strong shareholder support and positions the company for continued governance and operational flexibility.