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IGG
(0799)
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Rating:81Outperform
Price Target:
HK$3.00
▼(-8.26% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by attractive valuation (low P/E and strong dividend yield) and solid financial strength (very low leverage and improved profitability). Technicals add support as the stock trades above key moving averages with moderately positive momentum, while uneven revenue growth and cash-flow volatility cap the upside.
Positive Factors
Conservative balance sheet
Very low leverage reduces financial risk and preserves flexibility to fund game development, marketing, acquisitions, or shareholder distributions. The sizeable equity base also provides resilience if operating performance weakens, while recent returns on equity indicate that capital is being used more effectively.
Negative Factors
Uneven revenue momentum
Uneven top-line performance indicates that the existing portfolio has not delivered dependable growth across recent periods. A revenue decline can constrain marketing and development investment, make earnings expansion less predictable, and increase reliance on successful launches or renewed engagement in established titles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage reduces financial risk and preserves flexibility to fund game development, marketing, acquisitions, or shareholder distributions. The sizeable equity base also provides resilience if operating performance weakens, while recent returns on equity indicate that capital is being used more effectively.
Read all positive factors
IGG (0799) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.12B
Dividend Yield5.47%
Average Volume (3M)919.27K
Price to Earnings (P/E)5.3
Beta (1Y)0.96
Revenue Growth-1.22%
EPS Growth1.26%
CountryHK
Employees2,321
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.51
Shares Outstanding1,175,580,600
10 Day Avg. Volume946,254
30 Day Avg. Volume919,269
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.26
Price to Sales (P/S)0.79
P/FCF Ratio8.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$4.47Price Target Upside36.70% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.49
Revenue Forecast (FY)HK$5.80B
IGG Business Overview & Revenue Model
Company Description
IGG Inc functions as an investment holding company, focusing on the creation and management of mobile and online games across global markets, including Asia, North America, and Europe. The company provides a wide array of online games for mobile p...
How the Company Makes Money
IGG primarily makes money by operating free-to-play mobile games and monetizing user engagement over time. Its core revenue stream is in-game purchases (microtransactions), where players buy virtual items and services such as in-game currency, res...
IGG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.65B | 5.50B | 5.74B | 5.27B | 4.59B | 6.05B |
| Gross Profit | 4.75B | 4.56B | 4.61B | 3.92B | 3.15B | 4.20B |
| EBITDA | 791.76M | 736.19M | 784.17M | 218.58M | -350.25M | 631.36M |
| Net Income | 567.37M | 580.49M | 580.68M | 73.05M | -503.59M | 370.44M |
Balance Sheet | ||||||
| Total Assets | 4.31B | 4.65B | 4.42B | 3.70B | 3.64B | 4.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.03B | 2.46B | 2.27B | 1.49B | 1.59B | 1.96B |
| Total Debt | 80.91M | 59.89M | 83.91M | 63.22M | 63.00M | 158.91M |
| Total Liabilities | 1.11B | 1.18B | 1.29B | 962.67M | 924.27M | 1.14B |
| Stockholders Equity | 3.18B | 3.46B | 3.12B | 2.73B | 2.71B | 3.31B |
Cash Flow | ||||||
| Free Cash Flow | 481.21M | 523.47M | 986.98M | -5.35M | -232.65M | 389.52M |
| Operating Cash Flow | 614.81M | 679.79M | 1.12B | 128.58M | -98.24M | 660.26M |
| Investing Cash Flow | -155.87M | -126.82M | -122.92M | -96.23M | -152.03M | 212.40M |
| Financing Cash Flow | -972.90M | -399.24M | -205.33M | -143.67M | -73.85M | -1.11B |
IGG Technical Analysis
Negative
3.27
Price Trends
3.04
Negative
3.12
Negative
3.01
Negative
Market Momentum
-0.08
Positive
30.93
Neutral
23.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0799, the sentiment is Negative. The current price of 3.27 is above the 20-day moving average (MA) of 2.93, above the 50-day MA of 3.04, and above the 200-day MA of 3.01, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 30.93 is Neutral, neither overbought nor oversold. The STOCH value of 23.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0799.
IGG Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$3.12B | 5.34 | 17.09% | 5.47% | -1.22% | 1.26% | |
77 Outperform | HK$2.50B | 6.15 | 13.07% | 16.74% | 18.51% | 13.18% | |
76 Outperform | HK$549.03B | 14.43 | 20.04% | 2.67% | 10.15% | -1.91% | |
71 Outperform | HK$17.36B | 10.13 | 38.10% | 1.11% | 5.88% | 13.11% | |
68 Neutral | HK$41.66B | 23.14 | 9.84% | ― | 10.65% | 621.86% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | HK$4.01B | 21.50 | 2.93% | 13.22% | -15.56% | ― |
* Communication Services Sector Average
HK:0799
IGG
2.73
-0.51
-15.82%
HK:0777
NetDragon Websoft Holdings
7.56
-3.62
-32.35%
HK:9626
Bilibili, Inc. Class Z
99.50
-136.50
-57.84%
HK:9999
Netease Inc
172.40
-42.42
-19.75%
HK:2400
XD, Inc.
36.04
-32.86
-47.69%
HK:2660
Zengame Technology Holding Ltd.
2.39
0.26
12.00%
IGG Corporate Events
IGG Publishes Unaudited Interim Results for First Half of 2026
Aug 13, 2026
IGG Inc has released its unaudited interim results for the six months ended 30 June 2026, meeting disclosure requirements of the Hong Kong Stock Exchange. The full interim report, including financial statements, management discussion and governanc...
IGG Declares Interim Dividend for First Half of 2026
Aug 13, 2026
IGG Inc. has declared an interim ordinary cash dividend of HKD 0.082 per share for the six months ended 30 June 2026, tied to its financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars on 14 September 2026, with sha...
IGG Declares Special Dividend for First Half of 2026
Aug 13, 2026
IGG Inc. has declared a special cash dividend of HKD 0.082 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The ex-dividend date is set for 28 August 2026, with the record date on 4 September 2026 an...
IGG Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 3, 2026
IGG Inc. has scheduled a board meeting for 13 August 2026 to review and approve the interim results for the six months ended 30 June 2026 for the company and its subsidiaries. The board will also consider the potential recommendation of an interim...
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.