Plover Bay Technologies Ltd. (1523) AI Stock Analysis

• Market Cap: HK$7.88B
• Dividend Yield: 5.41%
• Average Volume (3M): 553.15K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.43
• Revenue Growth: 14.08%
• EPS Growth: 15.81%
• Country: HK
• Employees: 180
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.17
• Shares Outstanding: 1,105,774,000
• 10 Day Avg. Volume: 686,230
• 30 Day Avg. Volume: 553,148
• PEG Ratio: 0.97
• Price to Book (P/B): 14.37
• Price to Sales (P/S): 6.50
• P/FCF Ratio: 15.94
• 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: HK$9.77
• Price Target Upside: 58.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.39
• Revenue Forecast (FY): HK$1.19B

• Rating: 77 Outperform
• Price Target: HK$8.50 ▲(38.21% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by strong financial performance (high profitability, low leverage, and robust cash generation). Technical signals are mixed, tempering near-term conviction, while valuation is supportive with a moderate P/E and an attractive dividend yield.

Positive Factors

High Gross Margins

Consistently >54% gross margins signal durable product pricing power and strong product differentiation for Peplink networking solutions. High gross margins support sustained operating profitability, enable reinvestment in R&D and platform development, and provide buffer through industry cycles.

Negative Factors

Uneven Revenue Growth

Uneven year-to-year revenue introduces forecasting uncertainty for demand and capacity planning. A softer 2024 followed by a 2025 re-acceleration means growth drivers may be cyclical or lumpy, making sustained topline expansion and long-range investment decisions harder to predict over the medium term.

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 ...

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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 ...

Plover Bay Technologies Ltd. Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	130.34M	116.79M	94.26M	86.76M	74.13M
Gross Profit	71.41M	64.15M	50.91M	46.51M	43.16M
EBITDA	55.15M	48.86M	33.44M	29.43M	27.21M
Net Income	45.53M	38.05M	28.10M	22.66M	21.20M
Balance Sheet
Total Assets	118.24M	110.11M	85.28M	83.29M	71.74M
Cash, Cash Equivalents and Short-Term Investments	67.38M	65.93M	36.74M	28.66M	33.17M
Total Debt	3.18M	11.10M	4.47M	8.72M	7.02M
Total Liabilities	59.31M	53.81M	35.05M	40.00M	31.66M
Stockholders Equity	58.93M	56.30M	50.22M	43.29M	40.08M
Cash Flow
Free Cash Flow	53.12M	54.09M	35.84M	16.81M	18.35M
Operating Cash Flow	53.88M	55.16M	37.72M	17.57M	18.92M
Investing Cash Flow	-1.27M	754.00K	-956.00K	-1.05M	-1.39M
Financing Cash Flow	-53.72M	-26.65M	-28.83M	-19.38M	-16.91M

Plover Bay Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.15
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1523, the sentiment is Negative. The current price of 6.15 is below the 20-day moving average (MA) of 7.82, below the 50-day MA of 7.70, and below the 200-day MA of 6.55, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 32.83 is Neutral, neither overbought nor oversold. The STOCH value of 13.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	77 Outperform	HK$7.88B	18.60	82.39%	5.41%	14.08%	15.81%
0303	69 Neutral	HK$15.37B	6.79	22.90%	7.66%	-0.99%	-10.43%
6869	69 Neutral	HK$245.06B	44.55	4.90%	0.54%	14.38%	-41.96%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2018	58 Neutral	HK$39.54B	6.27	8.59%	0.63%	30.73%	90.08%
2342	54 Neutral	HK$4.68B	211.00	-11.77%	0.24%	-13.99%	-32.74%
2000	52 Neutral	HK$603.89M	-58.01	-0.25%	―	5.59%	-101.17%

Plover Bay Technologies Ltd. Corporate Events