IBI Group Holdings Limited (1547) AI Stock Analysis

• Market Cap: HK$159.20M
• Dividend Yield: 2.58%
• Average Volume (3M): 25.07K
• Price to Earnings (P/E): 16.6
• Beta (1Y): -0.30
• Revenue Growth: 27.88%
• EPS Growth: 1.69%
• Country: HK
• Employees: 99
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): <0.01
• Shares Outstanding: 800,000,000
• 10 Day Avg. Volume: 32,000
• 30 Day Avg. Volume: 25,066
• PEG Ratio: <0.01
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 25.09
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: HK$0.18 ▼(-10.50% Downside)

The score is primarily held back by weakening fundamentals—particularly the steep revenue decline and very weak cash generation—reinforced by a negative technical trend (below major moving averages with a negative MACD). A moderate valuation and ~2.75% dividend yield provide some offset, but not enough to outweigh the financial and momentum risks.

Positive Factors

Diversified revenue streams & smart-city focus

IBI's revenue model spans government contracts, private clients and PPPs and pairs design, engineering and technology for smart-city projects. This diversification and strategic focus supports a steady project pipeline and positions the firm to capture structural urban infrastructure spending over years.

Moderate leverage and stable capital structure

A debt-to-equity near 0.5 indicates measured leverage that preserves financial flexibility. This balance sheet profile reduces refinancing stress and allows management to bid on large, multi-year infrastructure projects while maintaining capacity for selective investments or strategic partnerships over the medium term.

Improving gross margin

A rise in gross margin to ~13% suggests better project pricing, mix shift toward higher-value services, or cost controls. If sustained, higher gross margins can help absorb SG&A and improve operating leverage, supporting margin recovery and profitability over the next few quarters.

Negative Factors

Steep revenue decline

A near-24% revenue drop materially reduces scale and weakens the firm's ability to cover fixed costs and invest in growth. Prolonged top-line contraction can erode client relationships, reduce bidding competitiveness, and limit the firm's capacity to sustain investments in technology and talent.

Severely weakened cash generation

A ~77% fall in free cash flow and OCF to net income near 0.03 signal poor cash conversion and liquidity strain. Weak cash generation undermines the company's ability to fund working capital, capex, dividends or M&A, increasing reliance on external financing and elevating medium-term execution risk.

Low net returns to shareholders

Very low net margins and sub-5% ROE indicate limited profitability and inefficient capital deployment. Persistently low returns constrain reinvestment capacity and make it harder to attract capital for expansion, putting pressure on long-term growth and shareholder value creation.

IBI Group Holdings Limited Business Overview & Revenue Model

Company Description

IBI Group Holdings Limited, a building contractor, provides renovation services for property projects in the private sector in Hong Kong and Macau. The company offers interior fitting out and building refurbishments, and alteration and addition projects, as well as a range of other building professional services. It also engages in the provision of products and services with a focus on air quality, energy efficiency, and modern sustainable building materials; and strategic investments. The company serves organizations and commercial enterprises, including multi-national banks, hotels and casino operators, racing and betting operators, and property developers. IBI Group Holdings Limited was founded in 1997 and is headquartered in Hong Kong, Hong Kong.

How the Company Makes Money

IBI Group generates revenue through a diversified model that includes project-based fees for architectural and engineering services, consulting services for urban planning and design, and technology solutions tailored to smart city initiatives. Key revenue streams include contracts with government agencies, private sector clients, and public-private partnerships. The company also benefits from strategic alliances with other firms in the construction and technology sectors, enhancing its capability to deliver comprehensive solutions and increasing its market reach. Additionally, IBI Group's focus on sustainable design and infrastructure projects positions it to capitalize on growing investments in urban development and smart city technologies.

IBI Group Holdings Limited Financial Statement Overview

Summary

IBI Group Holdings Limited faces challenges in revenue growth and profitability, as reflected in the income statement. The balance sheet remains stable with moderate leverage, but declining returns are a concern. Cash flow generation is weak, indicating potential liquidity issues. The company needs to address revenue declines and improve operational efficiency to enhance financial performance.

Income Statement

IBI Group Holdings Limited has experienced a significant decline in revenue growth, with a -23.63% decrease in the most recent period. The gross profit margin has improved slightly to 13.37%, but the net profit margin remains low at 2.53%. EBIT and EBITDA margins are modest, indicating challenges in operational efficiency. Overall, the income statement reflects declining revenue and profitability pressures.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.49, suggesting a balanced approach to leverage. However, the return on equity has decreased to 4.98%, indicating reduced profitability for shareholders. The equity ratio is stable, reflecting a solid capital structure. The balance sheet shows a stable financial position but highlights concerns about declining returns.

Cash Flow

Free cash flow growth has sharply declined by -76.98%, and the operating cash flow to net income ratio is low at 0.03, indicating weak cash generation relative to earnings. The free cash flow to net income ratio is nearly 1, suggesting that most net income is converted into free cash flow. Overall, the cash flow statement highlights significant challenges in cash generation and sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	331.97M	331.41M	527.25M	308.52M	405.88M	556.70M
Gross Profit	44.87M	44.30M	46.81M	36.30M	67.95M	79.43M
EBITDA	15.42M	17.20M	9.97M	8.67M	37.07M	58.88M
Net Income	8.39M	8.39M	350.00K	2.80M	27.01M	54.39M
Balance Sheet
Total Assets	372.76M	372.76M	420.93M	322.69M	317.70M	396.22M
Cash, Cash Equivalents and Short-Term Investments	18.36M	18.36M	21.11M	58.87M	141.65M	87.14M
Total Debt	82.02M	82.02M	82.34M	82.61M	4.55M	4.19M
Total Liabilities	205.42M	205.42M	258.09M	159.93M	150.03M	215.00M
Stockholders Equity	168.47M	168.47M	164.10M	163.97M	168.53M	181.52M
Cash Flow
Free Cash Flow	6.38M	6.38M	-19.66M	-40.50M	53.53M	-100.20M
Operating Cash Flow	6.41M	6.41M	-19.59M	-40.38M	54.71M	-99.86M
Investing Cash Flow	-6.49M	-808.00K	-8.85M	-109.99M	42.55M	1.84M
Financing Cash Flow	-4.37M	-8.35M	-9.79M	67.76M	-42.76M	-10.51M

IBI Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1547, the sentiment is Neutral. The current price of 0.2 is above the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.22, and below the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.01 is Neutral, neither overbought nor oversold. The STOCH value of 20.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1547.

IBI Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1582	65 Neutral	HK$172.50M	4.09	6.32%	9.71%	27.42%	-32.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1447	62 Neutral	HK$182.00M	7.48	6.66%	15.38%	13.59%	-12.52%
2863	54 Neutral	HK$210.30M	-11.34	-1.47%	8.33%	0.94%	82.30%
1865	49 Neutral	HK$224.33M	-2.91	-16.00%	―	9.19%	84.15%
6182	49 Neutral	HK$592.00M	1,233.33	0.47%	―	144.67%	―
1547	47 Neutral	HK$159.20M	16.58	5.64%	2.58%	27.88%	1.69%

IBI Group Holdings Limited Corporate Events

IBI Group Holdings Reports Strong Interim Financial Results for 2025

IBI Group Holdings Limited reported a significant increase in its financial performance for the six months ended 30 September 2025, with revenue and other gains rising by 180.9% compared to the same period in 2024. Despite the impressive growth in revenue and profit, the company decided not to distribute an interim dividend, which may impact shareholder expectations.

The most recent analyst rating on (HK:1547) stock is a Hold with a HK$0.22 price target. To see the full list of analyst forecasts on IBI Group Holdings Limited stock, see the HK:1547 Stock Forecast page.

IBI Group Holdings to Review Interim Results and Dividend

IBI Group Holdings Limited has announced that its board of directors will meet on November 27, 2025, to review and approve the interim results for the six months ending September 30, 2025. The meeting will also consider the declaration of an interim dividend, reflecting the company’s ongoing financial management and commitment to shareholder returns.

IBI Group Holdings Limited Sells 80% Stake in Subsidiary

IBI Group Holdings Limited has announced a discloseable transaction involving the sale of an 80% stake in a subsidiary, referred to as the Target Company, to Mr. Jian Song Gan for HK$1,500,000. This transaction, which does not constitute a connected transaction under the Listing Rules, will result in the Target Company being wholly owned by the purchaser and its financial results no longer being consolidated into IBI Group’s financial statements.