Plover Bay Technologies Ltd. (HK:1523)
:1523
Want to see HK:1523 full AI Analyst Report?
Top Page
Plover Bay Technologies Ltd.
(1523)
Select Model
Select Model
Rating:77Outperform
Price Target:
HK$10.50
▲(70.73% Upside)
Action:Reiterated
Date: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 and Stable Gross Margins
Sustained gross margins above ~54% indicate durable pricing power and cost structure advantages in SD‑WAN hardware/software. High operating profitability supports reinvestment in R&D and channel expansion, enabling durable cash generation and resilient earnings over the coming months.
Negative Factors
Uneven Revenue Growth
Intermittent growth (notably a near‑flat 2024) suggests business demand can be lumpy, complicating visibility and budgeting. For a hardware-centric networking vendor, this unevenness can pressure margins and make it harder to sustainably scale operating leverage across months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
High and Stable Gross Margins
Sustained gross margins above ~54% indicate durable pricing power and cost structure advantages in SD‑WAN hardware/software. High operating profitability supports reinvestment in R&D and channel expansion, enabling durable cash generation and resilient earnings over the coming months.
Read all positive factors
Plover Bay Technologies Ltd. (1523) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.14B
Dividend Yield5.41%
Average Volume (3M)553.15K
Price to Earnings (P/E)28.5
Beta (1Y)0.43
Revenue Growth11.34%
EPS Growth19.06%
CountryHK
Employees180
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)1.98
Shares Outstanding1,106,053,000
10 Day Avg. Volume686,230
30 Day Avg. Volume553,148
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)14.42
Price to Sales (P/S)6.53
P/FCF Ratio16.00
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)0.39
Revenue Forecast (FY)HK$1.19B
Plover Bay Technologies Ltd. Business Overview & Revenue Model
Company Description
Plover Bay Technologies Limited functions as an investment holding company with a global presence, primarily engaged in the creation, production, promotion, and distribution of software-defined wide area network (SD-WAN) routers. The company addit...
How the Company Makes Money
Plover Bay Technologies generates revenue primarily through the sale of its SD-WAN hardware and software products, including routers, modems, and management platforms under the Peplink brand. The company also offers subscription-based services for...
Plover Bay Technologies Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 130.14M | 116.79M | 94.26M | 86.76M | 74.13M |
| Gross Profit | 74.12M | 64.15M | 50.91M | 46.51M | 43.16M |
| EBITDA | 53.47M | 48.86M | 33.44M | 29.43M | 27.21M |
| Net Income | 45.47M | 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
Positive
6.15
Price Trends
8.16
Positive
7.86
Positive
7.05
Positive
Market Momentum
0.33
Negative
56.69
Neutral
78.02
Neutral
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 6.15 is below the 20-day moving average (MA) of 8.91, below the 50-day MA of 8.16, and below the 200-day MA of 7.05, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 56.69 is Neutral, neither overbought nor oversold. The STOCH value of 78.02 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$10.14B | 28.50 | 82.39% | 5.41% | 11.34% | 19.06% | |
72 Outperform | HK$304.91B | 313.99 | 9.01% | 0.54% | 20.63% | 48.18% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$191.94B | 39.35 | 5.92% | 2.43% | 11.91% | -44.16% | |
54 Neutral | HK$3.62B | 103.16 | -11.77% | 0.24% | 0.94% | ― | |
54 Neutral | HK$1.27B | 36.12 | 3.59% | ― | -13.56% | -24.44% | |
50 Neutral | HK$2.44B | -21.61 | -31.28% | ― | -34.98% | -3.65% |
* Technology Sector Average
HK:1523
Plover Bay Technologies Ltd.
9.17
3.51
62.07%
HK:2342
Comba Telecom Systems Holdings
1.16
-0.52
-30.79%
HK:6869
Yangtze Optical Fibre and Cable Joint Stock Co
234.20
217.92
1338.66%
HK:0763
ZTE
27.54
3.69
15.47%
HK:9963
Transtech Optelecom Science Holdings Limited
8.17
7.83
2302.94%
HK:1617
Nanfang Communication Holdings Ltd.
0.78
0.68
704.12%
Plover Bay Technologies Ltd. Corporate Events
Plover Bay Strengthens Board With Three New Independent Non-Executive Directors
Jun 1, 2026
Plover Bay Technologies has appointed three new independent non-executive directors, effective 1 June 2026, strengthening its board and key governance committees. Industry veteran Fu Kam Cheung will chair the Nomination Committee and sit on the Au...
Plover Bay Updates Board Roles and Committee Structure
Jun 1, 2026
Plover Bay Technologies Ltd. has released an updated list of its board of directors and detailed their respective roles across four key board committees. The announcement outlines which executive and independent non-executive directors serve as ch...
Plover Bay Grants 5.3 Million Share Options to Staff and Consultant
May 29, 2026
Plover Bay Technologies has granted 5,300,000 share options under its existing share option scheme, effective 29 May 2026, to 52 employees and one external consultant as part of their remuneration packages. The move is intended to align key person...
Plover Bay Wins Full Shareholder Backing for AGM Resolutions and Capital Mandates
Apr 28, 2026
Plover Bay Technologies Ltd. reported that all resolutions at its 28 April 2026 annual general meeting were approved by shareholders via poll, including the adoption of the 2025 audited financial statements and the reappointment of Ernst Young as...
Plover Bay Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issuance Authority
Mar 18, 2026
Plover Bay Technologies Ltd. has convened its annual general meeting for 28 April 2026 in Kowloon, where shareholders will review and approve the audited consolidated financial statements and related reports for the year ended 31 December 2025. Th...
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.