Vobile Group Ltd. (HK:3738)
:3738
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Vobile Group
(3738)
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Rating:47Neutral
Price Target:
HK$3.00
▼(-37.76% Downside)
Action:Reiterated
Date:05/02/26
The score is held back primarily by the severe 2025 revenue contraction and inconsistent cash generation, alongside bearish technicals (price below key moving averages with negative MACD). Profitability and a manageable balance sheet provide some support, but a high P/E with no dividend yield data limits valuation comfort.
Positive Factors
SaaS/cloud content-protection model
The company's core offering is cloud-native software for content recognition, rights management and piracy mitigation. This product-led, recurring-services model supports durable customer relationships, scalable unit economics, and long-term revenue visibility versus one-off services.
Negative Factors
Severe 2025 revenue contraction
An ~86% revenue collapse materially reduces scale benefits, undermines recurring-revenue predictability, and strains fixed-cost absorption. Such a structural drop makes multi-month recovery uncertain and complicates forecasting, resource allocation, and long-term growth plans.
Read all positive and negative factors
Positive Factors
Negative Factors
SaaS/cloud content-protection model
The company's core offering is cloud-native software for content recognition, rights management and piracy mitigation. This product-led, recurring-services model supports durable customer relationships, scalable unit economics, and long-term revenue visibility versus one-off services.
Read all positive factors
Vobile Group (3738) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.33B
Dividend YieldN/A
Average Volume (3M)33.45M
Price to Earnings (P/E)53.0
Beta (1Y)1.89
Revenue Growth19.62%
EPS Growth32.01%
CountryHK
Employees535
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.08
Shares Outstanding2,594,310,800
10 Day Avg. Volume24,431,056
30 Day Avg. Volume33,450,141
Financial Highlights & Ratios
PEG Ratio1.66
Price to Book (P/B)3.27
Price to Sales (P/S)3.68
P/FCF Ratio694.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$4.66Price Target Upside-3.32% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.11
Revenue Forecast (FY)HK$3.47B
Vobile Group Business Overview & Revenue Model
Company Description
Vobile Group Limited, an investment holding company, provides software as a service in the United States, Japan, Mainland China, and internationally. The company offers online video content protection and monetization services for content owners t...
How the Company Makes Money
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Vobile Group Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.87B | 2.40B | 2.00B | 1.44B | 686.53M |
| Gross Profit | 1.29B | 1.05B | 850.16M | 590.71M | 348.77M |
| EBITDA | 466.55M | 413.42M | 275.14M | 271.54M | 28.75M |
| Net Income | 199.31M | 142.73M | -7.82M | 42.00M | -22.68M |
Balance Sheet | |||||
| Total Assets | 6.26B | 3.92B | 3.51B | 3.26B | 1.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.17B | 220.29M | 240.04M | 226.50M | 496.87M |
| Total Debt | 2.03B | 1.02B | 696.48M | 1.13B | 24.26M |
| Total Liabilities | 2.81B | 1.62B | 1.37B | 1.59B | 233.83M |
| Stockholders Equity | 3.23B | 2.10B | 1.95B | 1.49B | 1.54B |
Cash Flow | |||||
| Free Cash Flow | 15.23M | -220.83M | -100.01M | -67.48M | -75.06M |
| Operating Cash Flow | 20.86M | 4.14M | 110.07M | 37.61M | -8.77M |
| Investing Cash Flow | -904.87M | -254.61M | -213.86M | -1.03B | -164.66M |
| Financing Cash Flow | 1.84B | 257.60M | 138.98M | 713.55M | 398.71M |
Vobile Group Technical Analysis
Negative
4.82
Price Trends
3.61
Negative
4.18
Negative
4.64
Negative
Market Momentum
-0.23
Positive
34.80
Neutral
13.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3738, the sentiment is Negative. The current price of 4.82 is above the 20-day moving average (MA) of 3.09, above the 50-day MA of 3.61, and above the 200-day MA of 4.64, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 34.80 is Neutral, neither overbought nor oversold. The STOCH value of 13.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3738.
Vobile Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$25.04B | ― | 19.13% | ― | -2.36% | 73.71% | |
62 Neutral | HK$5.34B | 56.59 | 6.30% | 3.47% | -5.00% | -79.97% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$33.13B | -1.45 | -13.37% | ― | 22.96% | 56.71% | |
48 Neutral | HK$17.49B | ― | -2.00% | ― | 35.98% | 90.09% | |
47 Neutral | HK$7.33B | 53.03 | 6.99% | ― | 19.62% | 32.01% | |
43 Neutral | HK$76.60B | -41.50 | -7.19% | ― | 33.04% | 62.73% |
* Technology Sector Average
HK:3738
Vobile Group
2.85
-1.12
-28.21%
HK:1675
AsiaInfo Technologies Limited
5.68
-3.33
-36.97%
HK:9899
NetEase Cloud Music Inc.
118.80
-91.60
-43.54%
HK:0020
SenseTime Group, Inc. Class B
1.81
0.40
28.37%
HK:3896
Kingsoft Cloud Holdings Ltd
7.31
0.15
2.09%
HK:6682
Beijing Fourth Paradigm Technology Co. Ltd. Class H
31.32
-14.43
-31.54%
Vobile Group Corporate Events
Vobile Posts Double-Digit Revenue Growth on Rising Mainland China and Recurring Sales
May 19, 2026
Vobile Group reported that its total revenue for the quarter ended 31 March 2026 rose about 21% year on year, driven by strong performance in Chinese Mainland, where revenue increased roughly 22%. Monthly recurring revenue expanded by approximatel...
Vobile boosts 2025 profit on AI-driven, value-added services growth
Mar 27, 2026
Vobile Group reported strong full-year 2025 results, with revenue rising 19.6% to HK$2.87 billion and gross profit up 22.3% to HK$1.29 billion, lifting gross margin to 44.8%. Profit for the year climbed 33.6% to HK$212 million, while adjusted net ...
Vobile Group Sets March 2026 Board Meeting to Approve 2025 Results
Mar 11, 2026
Vobile Group has scheduled a board meeting for 27 March 2026 to review and approve the audited annual results for the year ended 31 December 2025, and to consider the payment of a final dividend. The meeting outcome will determine the company̵...
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.