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IPE Group Limited (0929) AI Stock Analysis
IPE Group Limited
(HKEX:0929)
The score is held back primarily by weak profitability and negative free cash flow in 2024–2025, despite a low-leverage balance sheet and a 2025 revenue rebound. Technicals also remain soft with price below key moving averages and a negative MACD. Valuation is a further headwind due to a high P/E, only partly balanced by a higher dividend yield.
IPE Group Limited (0929) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 499.82M
- Dividend Yield
- 5.89%
- Average Volume (3M)
- 443.91K
- Price to Earnings (P/E)
- 43.2
- Beta (1Y)
- 0.73
- Revenue Growth
- 23.21%
- EPS Growth
- 11.11%
- Country
- Hong Kong
- Employees
- 2,117
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Manufacturing - Metal Fabrication
IPE Group Limited Business Overview & Revenue Model
Company Description
An investment holding company engaged in the manufacturing and sale of precision components products. The company's products are used in automotive parts, hydraulic equipment, and electronic equipment components. It also produces and sells computer n...
IPE Group Limited Financial Statement Overview
Summary
Financials are mixed. Revenue rebounded in 2025 (+9.2%) and the balance sheet is conservatively financed (debt-to-equity ~0.10), but profitability is very thin (net margin ~1.0%) with a sharp deterioration in operating/EBITDA margins in 2025. Cash generation quality is a key concern: operating cash flow is positive, but free cash flow was negative in both 2024 and 2025.
Income Statement
48NeutralBalance Sheet
72PositiveCash Flow
39Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.23B | 1.09B | 1.01B | 898.73M | 962.57M | 1.03B |
| Gross Profit | 350.13M | 313.93M | 285.70M | 222.82M | 274.19M | 266.81M |
| EBITDA | 134.40M | 138.37M | 160.43M | 113.53M | 139.34M | 216.56M |
| Net Income | 11.62M | 11.39M | 10.60M | 5.67M | 8.69M | 81.43M |
Balance Sheet | ||||||
| Total Assets | 2.61B | 2.59B | 2.47B | 2.55B | 2.34B | 2.46B |
| Cash, Cash Equivalents and Short-Term Investments | 436.23M | 487.38M | 545.99M | 713.40M | 773.67M | 850.58M |
| Total Debt | 177.25M | 193.28M | 294.46M | 191.08M | 198.78M | 151.04M |
| Total Liabilities | 482.41M | 514.97M | 522.40M | 582.64M | 424.40M | 394.67M |
| Stockholders Equity | 1.94B | 1.90B | 1.79B | 1.83B | 1.84B | 2.01B |
Cash Flow | ||||||
| Free Cash Flow | 1.21M | -10.24M | -80.79M | 44.68M | -94.56M | -30.30M |
| Operating Cash Flow | 62.34M | 81.59M | 83.83M | 147.61M | 4.41M | 82.44M |
| Investing Cash Flow | -55.48M | -78.92M | -315.48M | -134.98M | -87.00M | -158.13M |
| Financing Cash Flow | -79.52M | -112.44M | 87.64M | -51.08M | 42.59M | -16.18M |
IPE Group Limited Technical Analysis
Price Trends
Market Momentum
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 0.47 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.52, and below the 200-day MA of 0.61, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.71 is Neutral, neither overbought nor oversold. The STOCH value of 22.31 is Neutral, 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
Overall Rating
HK:105058Neutral
HK:381657Neutral
HK:253548Neutral- HK:092946Neutral
HK:203944Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:1050 | 58Neutral | HKD 3.50B | 12.55 | 20.97% | 3.58% | 7.37% | 32.57% |
| HK:3816 | 57Neutral | HKD 2.40B | 29.39 | 13.60% | 0.33% | 37.42% | 124.96% |
| HK:2535 | 48Neutral | HKD 1.16B | -182.40 | -2.37% | ― | -31.18% | -121.38% |
| HK:0929 | 46Neutral | HKD 499.82M | 43.18 | 0.61% | 5.89% | 23.21% | 11.11% |
| HK:2039 | 44Neutral | HKD 43.91B | -99.55 | 0.21% | 3.02% | 5.59% | -94.92% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0929 | IPE Group Limited | 0.47 | -0.32 | -39.87% | |
| HK:0976 | Chiho Environmental Group Limited | 0.43 | 0.00 | 0.00% | |
| HK:1050 | Karrie International Holdings Limited | 1.68 | -1.05 | -38.64% | |
| HK:2039 | China International Marine Containers (Group) Co., Ltd Class H | 6.83 | -0.15 | -2.09% | |
| HK:3816 | KFM Kingdom Holdings Ltd. | 4.00 | 3.57 | 823.79% | |
| HK:2535 | WK Group (Holdings) Limited | 0.58 | -0.12 | -17.14% |
IPE Group Limited Corporate Events
IPE Group grants 50 million share options under long-term incentive plan
IPE Group Limited has granted 50,000,000 share options under its existing share option scheme to eligible participants, allowing them to subscribe for an equivalent number of ordinary shares at an exercise price of HK$0.530 per share. The options wil...
IPE Group Posts Higher Interim Revenue and Profit but Withholds Dividend
IPE Group Limited reported a solid increase in interim revenue for the six months ended 30 June 2026, with sales rising to HK$627.4 million from HK$487.7 million a year earlier and gross profit expanding to HK$178.7 million. Profit for the period imp...
IPE Group Sets August Board Meeting to Review Interim Results and Dividend
IPE Group Limited has scheduled a board meeting for 27 August 2026 in Hong Kong to review and approve the interim results for the six months ended 30 June 2026. The directors will also consider whether to recommend the payment of an interim dividend,...
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.
Date of analysis: Sep 27, 2026