Plover Bay Technologies Ltd. (1523) AI Stock Analysis

• Market Cap: HK$7.66B
• Dividend Yield: 3.24%
• Average Volume (3M): 798.91K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.43
• Revenue Growth: 14.08%
• EPS Growth: 15.81%
• Country: HK
• Employees: 180
• Sector: Technology
• Sector Strength: 94
• Industry: Communication Equipment
• EPS (TTM): 0.15
• Shares Outstanding: 1,103,282,000
• 10 Day Avg. Volume: 1,621,080
• 30 Day Avg. Volume: 798,913
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 78 Outperform
• Price Target: HK$8.00 ▲(17.82% Upside)

Plover Bay Technologies Ltd. receives a strong overall stock score primarily due to its robust financial performance, characterized by significant revenue growth and healthy margins. The technical analysis supports bullish momentum but indicates potential overbought conditions. Valuation metrics hint at a slightly overvalued status, which tempers the overall score.

Plover Bay Technologies Ltd. Business Overview & Revenue Model

Company Description

Plover Bay Technologies Ltd. (1523) is a technology company specializing in the development and manufacturing of networking and connectivity solutions. The company is known for its innovative products in the field of wireless connectivity, including its flagship brand Peplink, which offers advanced networking devices such as routers, access points, and cloud solutions for seamless internet connectivity across various sectors including enterprise, transportation, and maritime.

How the Company Makes Money

Plover Bay Technologies Ltd. generates revenue primarily through the sale of its networking hardware and software solutions. The company's revenue model relies on direct sales, as well as through a network of distributors and resellers who supply the products to end-users globally. Key revenue streams include the sale of Peplink branded routers and access points, as well as subscription-based services for cloud management and software-defined networking solutions. The company also benefits from partnerships with telecommunications companies and IT solutions providers, which help expand its market reach and enhance its service offerings.

Plover Bay Technologies Ltd. Financial Statement Overview

Summary

Plover Bay Technologies Ltd. shows strong financial performance with significant revenue growth of 23.91% and healthy margins. The balance sheet is solid with low leverage and high equity ratio, and cash flow is robust with a 50.90% increase in free cash flow. Although some EBIT data is missing, the overall financial health remains strong.

Income Statement

Plover Bay Technologies Ltd. has demonstrated strong revenue growth, with a significant increase from $94.26M in 2023 to $116.79M in 2024, marking a 23.91% growth. The gross profit margin is robust at 54.93%, and the net profit margin is healthy at 32.56% in 2024, indicating strong profitability. However, the absence of EBIT data for 2024 prevents a detailed analysis of operational efficiency for that year.

Balance Sheet

The company maintains a solid equity ratio of 51.11% and a low debt-to-equity ratio of 0.20 in 2024, suggesting a strong financial position with manageable leverage. The return on equity is impressive at 67.60%, indicating efficient use of equity to generate profits. The consistent increase in stockholders' equity over the years further supports financial stability.

Cash Flow

The free cash flow grew significantly by 50.90% from 2023 to 2024, reflecting strong cash generation capabilities. The operating cash flow to net income ratio of 1.45 in 2024 suggests effective conversion of income into cash. The free cash flow to net income ratio is also robust at 1.42, indicating excellent cash management and liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	116.79M	94.26M	86.76M	74.13M	52.82M
Gross Profit	64.15M	50.91M	46.51M	43.16M	30.80M
EBITDA	48.86M	33.44M	29.43M	27.21M	16.69M
Net Income	38.05M	28.10M	22.66M	21.20M	14.23M
Balance Sheet
Total Assets	110.11M	85.28M	83.29M	71.74M	59.31M
Cash, Cash Equivalents and Short-Term Investments	65.93M	36.74M	28.66M	33.17M	32.54M
Total Debt	11.10M	4.47M	8.72M	7.02M	4.50M
Total Liabilities	53.81M	35.05M	40.00M	31.66M	23.47M
Stockholders Equity	56.30M	50.22M	43.29M	40.08M	35.84M
Cash Flow
Free Cash Flow	54.09M	35.84M	16.81M	18.35M	15.52M
Operating Cash Flow	55.16M	37.72M	17.57M	18.92M	15.84M
Investing Cash Flow	754.00K	-956.00K	-1.05M	-1.39M	-2.79M
Financing Cash Flow	-26.65M	-28.83M	-19.38M	-16.91M	-10.87M

Plover Bay Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1523, the sentiment is Positive. The current price of 6.79 is above the 20-day moving average (MA) of 6.29, above the 50-day MA of 6.04, and above the 200-day MA of 5.34, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 73.04 is Negative, neither overbought nor oversold. The STOCH value of 83.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1523.

Plover Bay Technologies Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1523	78 Outperform	HK$7.66B	24.17	78.00%	3.24%	14.08%	15.81%
0303	74 Outperform	HK$15.00B	12.26	24.32%	8.26%	1.05%	-6.29%
6869	70 Outperform	HK$35.89B	27.65	6.68%	1.09%	0.24%	-31.74%
2018	61 Neutral	HK$49.09B	24.91	8.06%	0.60%	31.55%	141.88%
Sector *	57 Neutral	HK$14.13B	9.47	-2.83%	4.86%	9.29%	-48.65%
2342	54 Neutral	HK$5.56B	―	-18.09%	1.26%	-24.30%	-10350.00%
2000	46 Neutral	HK$610.94M	2.57	-6.17%	―	-21.06%	-127.50%

Plover Bay Technologies Ltd. Corporate Events

Plover Bay Technologies Reports Strong Interim Financial Results

Plover Bay Technologies Ltd. announced its interim results for the six months ending June 30, 2025, reporting a 9.9% increase in revenue to approximately US$62.94 million compared to the same period last year. The company’s net profit rose by 13.4% to approximately US$21.67 million, and it declared an interim dividend of HK12.34 cents per share, reflecting strong financial performance and shareholder value enhancement.

Plover Bay Technologies Announces Board Meeting for Interim Results

Plover Bay Technologies Ltd. has announced a board meeting scheduled for July 31, 2025, to approve the unaudited interim results for the period ending June 30, 2025, and to consider the payment of dividends. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.