Imperium Financial Group Limited (8029) AI Stock Analysis

• Market Cap: HK$336.10M
• Dividend Yield: N/A
• Average Volume (3M): 230.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.16
• Revenue Growth: -20.98%
• EPS Growth: -7.44%
• Country: HK
• Employees: 31
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): -0.07
• Shares Outstanding: 280,081,630
• 10 Day Avg. Volume: 603,500
• 30 Day Avg. Volume: 230,183
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.49
• Price to Sales (P/S): 3.62
• P/FCF Ratio: -4.99
• 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: 49 Neutral
• Price Target: HK$1.50 ▲(19.05% Upside)

The score is weighed down primarily by weak financial fundamentals (loss-making profile, negative equity/high leverage, and negative operating cash flow). Technicals are comparatively supportive with price above major moving averages and a positive MACD, but valuation support is limited due to a negative P/E and no dividend yield data.

Positive Factors

Strong revenue growth

A 125.8% revenue increase indicates robust demand for the firm’s services and expanding client adoption. Sustained top-line growth strengthens recurring fee potential, creates scale for fixed-cost absorption, and provides a foundation to invest in distribution and product development over the medium term.

Diversified fee-based revenue model

Multiple fee streams (management, advisory, performance fees and commissions) and institutional partnerships diversify revenue sources and reduce single-channel risk. This structural mix supports recurring income, aligns incentives with clients, and helps smooth revenue cyclicality across market cycles.

Low market correlation and lean structure

A low beta suggests earnings are less correlated with broader market swings, reducing volatility in operating performance. A small, lean workforce implies a lower fixed-cost base and agility to allocate capital to high-return initiatives, aiding scalability if revenue growth persists.

Negative Factors

Persistent unprofitability

Ongoing negative net profit and EBIT margins signal the business has not converted revenue growth into sustainable earnings. Without margin improvement, the company cannot build retained earnings, eroding long-term equity and limiting resources for investment, R&D, and client acquisition.

Negative equity and high leverage

Negative shareholders' equity and elevated leverage pose structural solvency and governance risks. They constrain the company’s ability to raise capital, increase refinancing and covenant pressure, and may limit growth investments or force deleveraging actions that impair long-term competitiveness.

Weak cash generation

Persistent negative operating cash flow and volatile free cash flow undermine liquidity and operational sustainability. Poor cash conversion raises dependence on external financing, limits capacity to fund client growth or product development, and increases vulnerability during market stress.

Imperium Financial Group Limited Business Overview & Revenue Model

Company Description

Imperium Financial Group Limited, an investment holding company, provides various financial services in Hong Kong. It operates through four segments: Cryptocurrency Business, Financial Services, Equine Services, and Properties Investment. The Cryptocurrency Business segment is involved in the mining and sale of cryptocurrency. The Financial Services segment offers securities and futures brokerage, margin financing, asset management, and custodian services. The Equine Services segment provides stallion services, as well as invests in stallions. The Properties Investment segment invests in and rents properties in Australia. In addition, it provides human resources and administrative; money lending; advising services on securities and future contracts; and security brokerage services. The company was formerly known as Sun International Group Limited and changed its name to Imperium Financial Group Limited in December 2021. The company was incorporated in 2000 and is headquartered in Kwun Tong, Hong Kong. Imperium Financial Group Limited is a prior subsidiary of First Cheer Holdings Limited.

How the Company Makes Money

Imperium Financial Group generates revenue through various streams, including management fees from its investment funds, advisory fees from wealth management services, and performance fees based on the success of its investment strategies. The company also earns commissions from the sale of financial products such as insurance and investment vehicles. Significant partnerships with banks, investment firms, and other financial institutions enhance its service offerings and broaden its client base, contributing to its overall earnings. Additionally, market conditions and client investment behaviors play a crucial role in influencing the company's financial performance.

Imperium Financial Group Limited Financial Statement Overview

Summary

Despite very strong revenue growth, the company shows persistent profitability weakness (negative net profit and EBIT margins), elevated balance-sheet risk (negative stockholders’ equity/high leverage), and stressed liquidity (negative operating cash flow and volatile free cash flow).

Income Statement

The company has experienced significant revenue growth, with a 125.8% increase in the latest year. However, profitability remains a major concern as evidenced by negative net profit margins and EBIT margins over the years. The gross profit margin has also deteriorated, indicating challenges in maintaining cost efficiency.

Balance Sheet

The balance sheet shows a high level of financial risk with negative stockholders' equity and a high debt-to-equity ratio. This indicates potential solvency issues. The return on equity is negative, reflecting the company's inability to generate profit from its equity base.

Cash Flow

Cash flow analysis reveals a volatile free cash flow growth rate, with significant negative operating cash flow in the latest year. The company struggles to convert net income into positive cash flow, which is a critical concern for liquidity and operational sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.22M	32.21M	31.35M	30.27M	53.69M	63.72M
Gross Profit	8.00M	4.69M	10.78M	17.81M	37.80M	57.33M
EBITDA	-35.62M	-30.20M	3.13M	-96.19M	-83.06M	-30.25M
Net Income	-38.48M	-42.22M	-13.60M	-117.62M	-106.16M	-61.93M
Balance Sheet
Total Assets	89.90M	89.90M	143.35M	185.40M	343.57M	390.89M
Cash, Cash Equivalents and Short-Term Investments	29.53M	29.53M	47.60M	66.25M	85.53M	106.93M
Total Debt	89.84M	89.84M	103.47M	120.10M	168.64M	165.71M
Total Liabilities	171.84M	171.84M	190.30M	218.11M	274.91M	328.91M
Stockholders Equity	-78.21M	-78.21M	-46.95M	-32.70M	68.67M	61.98M
Cash Flow
Free Cash Flow	-24.71M	-23.38M	11.61M	36.18M	-18.62M	75.11M
Operating Cash Flow	-22.32M	-20.99M	12.58M	36.27M	449.00K	78.35M
Investing Cash Flow	51.08M	35.16M	7.49M	444.00K	-19.07M	-3.15M
Financing Cash Flow	-38.13M	-31.81M	-36.93M	-54.90M	-2.42M	-82.61M

Imperium Financial Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.26
• 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:8029, the sentiment is Neutral. The current price of 1.26 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.23, and above the 200-day MA of 0.87, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.74 is Neutral, neither overbought nor oversold. The STOCH value of 15.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8029.

Imperium Financial Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
1945	57 Neutral	HK$507.69M	109.03	0.78%	―	-21.71%	-75.78%
0279	50 Neutral	HK$827.14M	-15.78	-499.08%	―	191.15%	-1.98%
8029	49 Neutral	HK$336.10M	-8.22	―	―	-20.98%	-7.44%
0397	46 Neutral	HK$104.97M	-0.69	-14.21%	―	-2.07%	-114.10%
0888	44 Neutral	HK$125.39M	-2.83	-174.97%	―	-7.34%	-302.50%
3623	44 Neutral	HK$599.13M	-15.94	-9.25%	―	-66.98%	-115.16%