i-Control Holdings Limited (1402) AI Stock Analysis

• Market Cap: HK$177.45M
• Dividend Yield: 2%
• Average Volume (3M): 163.00K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.16
• Revenue Growth: -26.46%
• EPS Growth: -3816.67%
• Country: HK
• Employees: 69
• Sector: Technology
• Sector Strength: 86
• Industry: Information Technology Services
• EPS (TTM): >-0.01
• Shares Outstanding: 1,050,500,000
• 10 Day Avg. Volume: 128,000
• 30 Day Avg. Volume: 163,000
• PEG Ratio: -3.87
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -25.72
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: ―

The overall stock score of 53 reflects significant challenges in financial performance, particularly with revenue and profitability declines. Although the company has a strong balance sheet, its technical indicators are weak, and valuation is hindered by negative profitability metrics. No notable earnings call or corporate events data impact the current analysis.

i-Control Holdings Limited Business Overview & Revenue Model

Company Description

i-Control Holdings Limited, an investment holding company, provides video conferencing and multimedia audiovisual (VCMA) solutions in Hong Kong, the People's Republic of China, and Singapore. The company operates in two segments, Provision of VCMA Solution and Maintenance Services and Provision of Cloud-based IT+OT Managed Services. It offers cloud-based information technology and operational technology managed services, which including artificial intelligence of things operation and other services, as well as security services. The company also provides VCMA solution and maintenance services, such as project consultation and design, to project management, installation, and maintenance; corporate consultancy and support; and audio visual system integration, as well as holds in property. It serves government and financial institutions, multi-national corporations, public companies, and education institutions. The company was founded in 1987 and is headquartered in Kwun Tong, Hong Kong.

How the Company Makes Money

i-Control Holdings Limited generates revenue through several key streams, including the sale of IT infrastructure solutions, which involves providing hardware and software products tailored to client needs. The company also earns through its cloud services by offering scalable cloud-based solutions and storage options. Additionally, i-Control provides managed services that include ongoing IT support and maintenance contracts, ensuring steady income from long-term client relationships. Partnerships with major technology vendors enhance its service offerings and contribute significantly to its revenue.

i-Control Holdings Limited Financial Statement Overview

Summary

i-Control Holdings Limited faces significant challenges, particularly in revenue and profitability, as reflected in declining income statement metrics. The balance sheet remains strong with low leverage and a solid equity base. The cash flow shows signs of recovery with positive free cash flow, but the company needs to address profitability issues to ensure long-term sustainability.

Income Statement

The company has experienced a significant decline in revenue from the previous year, with a 17.53% decrease from 2023 to 2024. The gross profit margin has also decreased significantly from 38.23% in 2023 to 4.28% in 2024, indicating challenges in cost management. The net profit margin turned negative at -9.90% in 2024, compared to being positive in 2023. The company also reported negative EBIT and EBITDA margins in 2024, showing operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.11, indicating low leverage and reduced financial risk. However, the return on equity has turned negative at -9.12% in 2024, reflecting poor profitability. The equity ratio remains strong at 74.29%, suggesting a solid capital structure with strong equity backing.

Cash Flow

The company has shown improvement in free cash flow, which turned positive at HK$9.44 million in 2024 from a negative position in 2023. The operating cash flow to net income ratio is positive, indicating efficient cash generation from operations. However, the free cash flow to net income ratio is negative, which could signal challenges in translating income into cash flow.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	117.64M	130.18M	157.84M	171.45M	145.38M	158.50M
Gross Profit	4.11M	5.57M	60.34M	60.86M	56.82M	67.65M
EBITDA	-7.13M	-8.34M	11.95M	11.78M	18.52M	10.64M
Net Income	-20.63M	-12.88M	5.74M	6.70M	12.79M	2.62M
Balance Sheet
Total Assets	158.11M	190.15M	236.16M	243.80M	207.67M	210.19M
Cash, Cash Equivalents and Short-Term Investments	41.43M	35.82M	49.44M	71.03M	68.69M	70.94M
Total Debt	12.29M	15.63M	18.89M	22.53M	26.42M	30.93M
Total Liabilities	39.03M	49.37M	55.66M	68.71M	62.75M	69.13M
Stockholders Equity	119.08M	141.23M	179.44M	174.30M	144.98M	141.06M
Cash Flow
Free Cash Flow	14.89M	9.44M	-13.27M	4.98M	7.72M	12.05M
Operating Cash Flow	15.23M	10.02M	-4.45M	5.48M	8.88M	12.52M
Investing Cash Flow	-166.00K	-532.00K	-8.79M	-21.79M	-560.00K	-398.00K
Financing Cash Flow	-5.05M	-23.00M	-7.87M	18.30M	-10.65M	-17.70M

i-Control Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.17
• 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:1402, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.32 is Neutral, neither overbought nor oversold. The STOCH value of 1.08 is Positive, 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
1460	78 Outperform	HK$205.36M	8.39	4.42%	4.27%	7.39%	142.61%
1522	77 Outperform	HK$597.69M	3.57	6.11%	8.42%	1.20%	-3.85%
Sector *	56 Neutral	$3.16B	4.94	-5.68%	5.75%	8.05%	-41.83%
1402	53 Neutral	HK$177.45M	―	-9.44%	2.00%	-26.46%	-3816.67%
DAC			―		―	―	―
8606	53 Neutral	HK$141.69M	―	-6.08%	―	8.50%	67.35%
8229	41 Neutral	HK$180.40M	―	-11.19%	―	―	―