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IGG
(0799)
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Rating:81Outperform
Price Target:
HK$4.00
▲(22.32% Upside)
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 / low leverage
Very low leverage and a sizeable equity base give the company durable financial flexibility: it can fund live-ops, new game development, or M&A without stressing liquidity. Recovered ROE implies capital is being used more efficiently, reducing long-term solvency risk.
Negative Factors
Uneven revenue growth / top-line volatility
Inconsistent top-line trends reduce visibility into sustaining player spend and long-term growth. For a live-ops game publisher, this elevates execution risk: future profitability depends on successful content cadence and new title launches, complicating strategic planning over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low leverage and a sizeable equity base give the company durable financial flexibility: it can fund live-ops, new game development, or M&A without stressing liquidity. Recovered ROE implies capital is being used more efficiently, reducing long-term solvency risk.
Read all positive factors
IGG (0799) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.62B
Dividend Yield4.72%
Average Volume (3M)1.55M
Price to Earnings (P/E)6.2
Beta (1Y)0.98
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. Volume1,728,940
30 Day Avg. Volume1,546,988
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$5.79B
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 from its mobile games through a free-to-play model where users download and play at no upfront cost and a subset of players purchase optional in-game items and services (e.g., virtual currency, progression boosts, cosmeti...
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 | 768.34M | 687.86M | 784.17M | 212.09M | -356.31M | 627.73M |
| 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
Positive
3.27
Price Trends
3.22
Negative
3.17
Negative
3.02
Positive
Market Momentum
-0.03
Positive
48.93
Neutral
22.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0799, the sentiment is Positive. The current price of 3.27 is above the 20-day moving average (MA) of 3.18, above the 50-day MA of 3.22, and above the 200-day MA of 3.02, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 22.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$3.62B | 6.20 | 17.09% | 4.72% | -1.22% | 1.26% | |
77 Outperform | HK$2.39B | 5.97 | 12.98% | 17.35% | 18.51% | 13.18% | |
76 Outperform | HK$602.21B | 15.94 | 20.04% | 2.43% | 10.15% | -1.91% | |
75 Outperform | HK$19.26B | 11.39 | 37.85% | 1.00% | 5.88% | 13.11% | |
68 Neutral | HK$50.81B | 28.42 | 9.84% | ― | 10.65% | 621.86% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
41 Neutral | HK$4.49B | 24.27 | 2.92% | 11.83% | -15.56% | ― |
* Communication Services Sector Average
HK:0799
IGG
3.16
-0.43
-11.98%
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2.31
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IGG Corporate Events
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...
IGG Secures Shareholder Backing for All AGM Resolutions, Expanding Capital Mandates
May 27, 2026
IGG Inc reported that all resolutions at its 27 May 2026 annual general meeting in Hong Kong were approved by shareholders via poll, including the receipt of 2025 audited financial statements, re-election of directors, and re-appointment of KPMG a...
IGG Awards Over 1.6 Million Shares to Directors and Key Staff in Incentive Push
May 27, 2026
IGG has granted 1,369,000 awarded shares to nine directors under its Share Award Scheme and 251,970 restricted shares to six grantees under its Share Incentive Scheme, with all grants subject to acceptance. The move is designed to reward past prof...
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.