IPE Group Limited (0929) AI Stock Analysis

• Market Cap: HK$452.47M
• Dividend Yield: N/A
• Average Volume (3M): 8.67K
• Price to Earnings (P/E): 42.6
• Beta (1Y): 0.38
• Revenue Growth: 12.38%
• EPS Growth: 87.04%
• Country: HK
• Employees: 1,778
• Sector: Technology
• Sector Strength: 80
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.01
• Shares Outstanding: 1,052,254,200
• 10 Day Avg. Volume: 10,500
• 30 Day Avg. Volume: 8,666
• PEG Ratio: 3.02
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.19
• 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

IPE Group Limited scores a 54, reflecting moderate financial health with revenue growth and a strong balance sheet. However, profitability remains a challenge, and technical indicators suggest a bearish trend. The high P/E ratio raises valuation concerns. Improvement in cash flow management and operational efficiency are critical for future growth.

IPE Group Limited Business Overview & Revenue Model

Company Description

IPE Group Limited (0929) is a Hong Kong-based company primarily engaged in the manufacturing of precision metal components and parts. The company serves various sectors, including automotive, electronic, and industrial equipment. IPE Group is known for its high-precision machining capabilities and offers a range of services from design to production, catering to both local and international markets.

How the Company Makes Money

IPE Group Limited makes money through the production and sale of precision metal components and parts. The company's revenue model is centered around its manufacturing capabilities, providing custom solutions to clients in sectors such as automotive and electronics, where precision engineering is critical. Revenue streams include the direct sale of manufactured components, as well as contracted services for product design and development. Significant partnerships with key players in these sectors contribute to its earnings by securing consistent demand for its high-quality products.

IPE Group Limited Financial Statement Overview

Summary

IPE Group Limited shows moderate financial strength with notable revenue growth and strong equity backing. However, the company faces challenges in profitability and cash flow generation, with a low net profit margin and zero operating cash flow in 2024.

Income Statement

IPE Group Limited shows a moderate revenue growth trajectory with a 12.34% increase in 2024. Gross profit margin improved to 28.28%, reflecting better cost management. However, net profit margin remains low at 1.05%, indicating challenges in converting revenue growth into substantial profits. EBITDA margin is stable at 11.85%, but EBIT margin is relatively low at 5.41%, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio of 0.16, showcasing conservative leverage. Stockholders' equity remains robust, constituting 72.63% of total assets, indicating financial stability. However, the return on equity is low at 0.59%, suggesting inefficiencies in generating returns from equity investments.

Cash Flow

Cash flow analysis highlights a concern, with operating cash flow at zero in 2024, reflecting potential cash generation issues. Free cash flow was also zero, indicating no surplus cash for expansion or debt reduction. The absence of positive cash flows could limit growth opportunities and pose a risk to financial flexibility.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.01B	898.73M	962.57M	1.03B	793.73M
	Gross Profit
285.70M	221.48M	274.19M	266.81M	182.47M
	EBIT
54.67M	41.77M	45.01M	92.56M	51.85M
	EBITDA
160.43M	142.06M	137.21M	216.56M	136.61M
	Net Income Common Stockholders
10.60M	5.67M	27.74M	81.43M	27.41M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
545.99M	713.40M	768.81M	850.58M	924.25M
	Total Assets
2.47B	2.55B	2.34B	2.46B	2.28B
	Total Debt
294.46M	191.08M	198.78M	151.04M	206.12M
	Net Debt
-220.70M	-505.42M	-552.52M	-689.34M	-718.13M
	Total Liabilities
522.40M	582.64M	424.40M	394.67M	398.66M
	Stockholders Equity
1.79B	1.83B	1.84B	2.01B	1.88B
Cash Flow		Free Cash Flow
-80.79M	44.68M	-94.56M	-30.30M	90.04M
	Operating Cash Flow
80.86M	147.61M	4.41M	82.44M	161.74M
	Investing Cash Flow
-320.46M	-134.98M	-87.00M	-158.13M	-51.78M
	Financing Cash Flow
87.64M	-51.08M	42.59M	-16.18M	-67.46M

IPE Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.43
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0929, the sentiment is Negative. The current price of 0.43 is above the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.44, and below the 200-day MA of 0.47, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.75 is Neutral, neither overbought nor oversold. The STOCH value of 94.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0929.

IPE Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1816	73 Outperform	$181.00B	11.66	8.56%	4.05%	3.95%	-6.94%
Sector *	60 Neutral	$11.62B	10.48	-7.27%	2.93%	7.46%	-10.64%
0929	54 Neutral	HK$452.47M	42.57	0.58%	―	12.38%	87.04%
1313	50 Neutral	$11.73B	30.97	0.79%	1.61%	―	―

IPE Group Limited Corporate Events

IPE Group Limited’s AGM Resolutions Unanimously Approved

IPE Group Limited announced that all resolutions proposed at its Annual General Meeting on May 16, 2025, were approved by shareholders. The resolutions included the re-election of directors, authorization of directors’ and auditors’ remuneration, and granting of mandates for share repurchase and issuance, indicating strong shareholder support and strategic alignment with the company’s governance and financial management objectives.

IPE Group Limited Announces 2025 Annual General Meeting Agenda

IPE Group Limited, a company incorporated in the Cayman Islands, has announced its Annual General Meeting scheduled for May 16, 2025, in Hong Kong. The meeting will address several key agenda items, including the re-election of directors, authorization of directors’ and auditors’ remuneration, and resolutions to allow the company to purchase its shares and issue new shares. These decisions are significant for the company’s governance and strategic operations, potentially impacting its market positioning and shareholder value.

IPE Group Limited Reports Strong Financial Performance for 2024

IPE Group Limited reported a significant financial performance for the year ending December 31, 2024, with a 12.4% increase in revenue to HK$1,010 million and a 92.5% rise in profit to HK$30.1 million. Despite these gains, the company decided not to distribute a final dividend. The company maintained a net cash position of HK$223.4 million, although this was a decrease from the previous year. The improved gross profit margin and earnings per share highlight a strong operational year, reflecting positively on the company’s market positioning.

IPE Group Limited Schedules Board Meeting for Annual Results and Dividend Decision

IPE Group Limited has announced that its Board of Directors will meet on March 28, 2025, to discuss and approve the consolidated annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment, which could have implications for the company’s financial strategy and shareholder returns.