Plover Bay Technologies Ltd. (1523) AI Stock Analysis

• Market Cap: HK$6.18B
• Dividend Yield: 5.33%
• Average Volume (3M): 1.99M
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.48
• Revenue Growth: 23.50%
• EPS Growth: 34.72%
• Country: HK
• Employees: 180
• Sector: Technology
• Sector Strength: 66
• Industry: Communication Equipment
• EPS (TTM): 0.27
• Shares Outstanding: 1,102,736,000
• 10 Day Avg. Volume: 721,684
• 30 Day Avg. Volume: 1,988,849
• PEG Ratio: 0.60
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 88.71
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Plover Bay Technologies Ltd. demonstrates strong financial health with solid revenue growth, profitability, and cash flow generation, which are significant strengths. The technical analysis presents a mixed to slightly bearish picture, influencing the overall assessment. The stock is attractively valued, balancing growth and income through a reasonable P/E ratio and a high dividend yield. However, the absence of recent earnings call data and significant corporate events limits additional insights into potential future performance.

Plover Bay Technologies Ltd. Business Overview & Revenue Model

Company Description

Plover Bay Technologies Limited, an investment holding company, designs, develops, markets, and sells software defined wide area network routers worldwide. It also provides software licences, and warranty and support services. The company markets and sells its products under the Peplink and Pepwave brands. In addition, it is involved in the property holding business. Plover Bay Technologies Limited was founded in 2006 and is headquartered in Lai Chi Kok, Hong Kong.

How the Company Makes Money

Plover Bay Technologies Ltd. generates revenue through the sale of its networking hardware and software solutions. The company offers a diverse array of products such as routers and access points which are sold to businesses, service providers, and individual consumers. Additionally, Plover Bay Technologies derives income from software licensing and subscription services, providing ongoing network management and optimization solutions. The company also engages in strategic partnerships with telecom operators and value-added resellers, which expand its market reach and contribute significantly to its revenue streams. Support and maintenance services further supplement its income by providing customers with continuous product support and updates.

Plover Bay Technologies Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
94.26M	86.76M	74.13M	52.82M	45.91M
	Gross Profit
50.91M	46.51M	43.16M	30.80M	28.77M
	EBIT
31.94M	26.44M	24.79M	15.37M	13.61M
	EBITDA
33.44M	27.81M	26.14M	16.69M	14.73M
	Net Income Common Stockholders
28.10M	22.66M	21.20M	14.23M	12.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.74M	30.75M	33.17M	32.54M	30.20M
	Total Assets
85.28M	83.29M	71.74M	59.31M	50.08M
	Total Debt
4.47M	8.72M	7.02M	4.50M	2.49M
	Net Debt
-32.27M	-19.94M	-24.62M	-26.65M	-26.44M
	Total Liabilities
35.05M	40.00M	31.66M	23.47M	15.96M
	Stockholders Equity
50.22M	43.29M	40.08M	35.84M	34.11M
Cash Flow		Free Cash Flow
35.84M	16.81M	18.35M	15.52M	15.37M
	Operating Cash Flow
37.72M	17.57M	18.92M	15.84M	15.88M
	Investing Cash Flow
-956.00K	-1.05M	-1.39M	-2.79M	-777.00K
	Financing Cash Flow
-28.83M	-19.38M	-16.91M	-10.87M	-13.02M

Plover Bay Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 5.74 is above the 20-day moving average (MA) of 5.24, above the 50-day MA of 5.49, and above the 200-day MA of 4.64, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 63.04 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 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	73 Outperform	HK$6.18B	20.76	71.58%	5.33%	23.50%	34.72%
1415	66 Neutral	HK$18.98B	20.52	25.73%	―	168.87%	150.80%
Sector *	60 Neutral	$10.83B	10.47	-6.71%	2.99%	7.73%	-12.97%
1729	54 Neutral	HK$8.00B	17.96		0.59%	―	―
1181	50 Neutral	HK$179.70M	53.14	-8.51%	8.98%	-10.93%	-143.61%

Plover Bay Technologies Ltd. Corporate Events

Plover Bay Technologies Ltd. AGM Resolutions Passed Successfully

Plover Bay Technologies Ltd. announced the successful passing of all resolutions at its Annual General Meeting held on April 29, 2025. The resolutions included the approval of financial statements, re-election of directors, re-appointment of auditors, and granting of mandates to the board for share issuance and repurchase. This outcome reflects strong shareholder support and positions the company for continued strategic growth and operational flexibility.

Plover Bay Technologies Announces 2025 AGM with Key Resolutions

Plover Bay Technologies Ltd. has announced its upcoming annual general meeting scheduled for April 29, 2025, where shareholders will consider several key resolutions. These include approving the audited financial statements for 2024, re-electing executive directors, re-appointing Ernst & Young as auditors, and authorizing the board to manage directors’ remuneration and share issuance. The resolutions aim to strengthen the company’s governance and operational capabilities, potentially impacting its market position and stakeholder interests.

Plover Bay Technologies Declares Special Dividend for 2024

Plover Bay Technologies Ltd. announced a special cash dividend of HKD 0.0565 per share for the financial year ending December 31, 2024. This announcement reflects the company’s strong financial performance and commitment to returning value to its shareholders, potentially strengthening its position in the technology sector and positively impacting investor sentiment.

Plover Bay Technologies Reports Strong Annual Results with Increased Revenue and Profit

Plover Bay Technologies Ltd. announced its annual results for the year ended December 31, 2024, reporting a significant revenue increase of approximately 23.9% to US$116.79 million compared to the previous year. The company’s profit attributable to owners rose by 35.4% to US$38.05 million, and diluted earnings per share increased by 35.3%. The Board declared a second interim dividend and a special dividend, reflecting the company’s strong financial performance and commitment to delivering value to shareholders.

Plover Bay Technologies Announces Upcoming Board Meeting for 2024 Financial Review

Plover Bay Technologies Ltd. has announced a board meeting scheduled for February 27, 2025, to approve the audited annual financial results for 2024 and to consider the payment of dividends. This meeting is a significant event for the company as it will address financial performance and shareholder returns, impacting its market position and stakeholder interests.