ICO Group Limited (HK:1460)
:1460
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ICO Group Limited
(1460)
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Rating:65Neutral
Price Target:
HK$0.22
▼(-26.67% Downside)
Action:Reiterated
Date:03/24/26
The score is driven primarily by solid financial stability (low leverage, improving profitability, and positive free cash flow) and attractive valuation (low P/E and strong dividend yield). These positives are partially offset by weak technicals, with the stock trading below key moving averages and negative MACD signaling a continuing downtrend.
Positive Factors
Low leverage / strong balance sheet
A conservative balance sheet with debt-to-equity around 0.10–0.12 and rising equity (~563M in 2025) gives the company durable financial flexibility. That positions ICO to fund investments, absorb project delays, sustain dividends and pursue selective M&A without stressing liquidity over the medium term.
Negative Factors
Thin net margins
Net margins near 2.3% and modest ROE (~4.6%) signal the business converts revenue to profit weakly, limiting internal reinvestment and return on capital. Over 2–6 months this constrains ability to finance growth, maintain high dividend levels, or absorb rising input and labor costs without compressing profitability further.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A conservative balance sheet with debt-to-equity around 0.10–0.12 and rising equity (~563M in 2025) gives the company durable financial flexibility. That positions ICO to fund investments, absorb project delays, sustain dividends and pursue selective M&A without stressing liquidity over the medium term.
Read all positive factors
ICO Group Limited (1460) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$200.09M
Dividend Yield3.33%
Average Volume (3M)856.11K
Price to Earnings (P/E)5.6
Beta (1Y)0.29
Revenue Growth8.45%
EPS Growth-30.47%
CountryHK
Employees338
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding877,590,330
10 Day Avg. Volume2,071,440
30 Day Avg. Volume856,106
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.35
Price to Sales (P/S)0.17
P/FCF Ratio2.33
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
ICO Group Limited Business Overview & Revenue Model
Company Description
ICO Group Limited, an investment holding company, provides IT application services to institutions and enterprises in Hong Kong and internationally. It operates through IT Application and Solution Development Services, IT Infrastructure Solutions ...
ICO Group Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.47B | 1.14B | 1.08B | 877.32M | 712.45M | 637.34M |
| Gross Profit | 284.51M | 230.22M | 209.45M | 173.74M | 131.03M | 110.28M |
| EBITDA | 95.57M | 62.19M | 53.94M | 40.56M | 37.46M | 29.00M |
| Net Income | 18.88M | 25.70M | 16.69M | 10.97M | 8.12M | 8.10M |
Balance Sheet | ||||||
| Total Assets | 940.22M | 1.06B | 954.51M | 865.14M | 777.45M | 701.27M |
| Cash, Cash Equivalents and Short-Term Investments | 244.19M | 375.97M | 306.62M | 216.92M | 107.42M | 106.81M |
| Total Debt | 57.88M | 57.34M | 62.55M | 57.58M | 59.56M | 22.44M |
| Total Liabilities | 341.82M | 482.66M | 389.27M | 314.84M | 222.73M | 196.10M |
| Stockholders Equity | 576.57M | 562.60M | 537.70M | 530.99M | 530.98M | 483.63M |
Cash Flow | ||||||
| Free Cash Flow | -36.37M | 85.23M | 93.61M | 121.01M | -40.08M | 48.12M |
| Operating Cash Flow | -33.71M | 88.35M | 96.42M | 121.40M | -39.91M | 48.97M |
| Investing Cash Flow | 39.34M | 81.56M | -83.29M | 1.44M | 10.97M | -5.80M |
| Financing Cash Flow | -40.45M | -29.60M | -13.81M | -12.81M | 30.89M | 16.86M |
ICO Group Limited Technical Analysis
Negative
0.30
Price Trends
0.21
Negative
0.24
Negative
0.28
Negative
Market Momentum
<0.01
Negative
47.00
Neutral
27.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1460, the sentiment is Negative. The current price of 0.3 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.21, and above the 200-day MA of 0.28, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.00 is Neutral, neither overbought nor oversold. The STOCH value of 27.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1460.
ICO Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$200.09M | 5.58 | 3.33% | 3.33% | 8.45% | -30.47% | |
65 Neutral | HK$789.06M | 8.13 | 3.52% | 3.66% | 9.79% | -44.84% | |
64 Neutral | HK$773.79M | 6.56 | 1.74% | 2.52% | 13.62% | ― | |
63 Neutral | HK$296.07M | 21.27 | 3.68% | 7.24% | -7.58% | -36.30% | |
62 Neutral | HK$296.52M | 26.28 | 4.89% | 1.49% | -22.51% | 30.95% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | HK$1.34B | -3.02 | -33.88% | ― | -17.20% | 6.04% |
* Technology Sector Average
HK:1460
ICO Group Limited
0.23
0.01
4.59%
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-7.99%
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Futong Technology Development Holdings Ltd.
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Automated Systems Holdings Limited
0.94
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30.56%
ICO Group Limited Corporate Events
ICO Group Reshapes Board With New Non-Executive Director and Committee Changes
Apr 30, 2026
ICO Group Limited announced board and committee changes effective 30 April 2026, including the resignation of executive director Chan Wai Sang, who is stepping down to focus on other business commitments but has indicated no disagreement with the ...
ICO Group Sets Out Board Composition and Committee Roles
Apr 30, 2026
ICO Group Limited has announced the current composition of its board of directors, led by executive director and chairman Mr. Lee Cheong Yuen, alongside one additional executive director, one non-executive director and three independent non-execut...
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.