Want to see HK:1204 full AI Analyst Report?
Top Page
BoardWare Intelligence Technology Limited
(1204)
Select Model
Select Model
Rating:45Neutral
Price Target:
HK$2.00
▲(0.00% Upside)
Action:Reiterated
Date:08/07/26
The score is held back primarily by weak and inconsistent cash generation (free cash flow turning negative in 2025) and thin/volatile profitability despite improving revenue growth. Valuation is a major risk factor given the very high P/E. Technicals are mixed, with only modest trend support and negative MACD limiting the overall score.
Positive Factors
Revenue Reacceleration
The return to double-digit growth indicates demand resilience and renewed business momentum. Sustained revenue expansion could improve operating leverage and strengthen the company’s competitive position if growth continues.
Negative Factors
Negative Free Cash Flow
Negative free cash flow limits internally funded growth and increases dependence on working-capital management or external financing. The sharp reversal also signals execution risk that could persist even when reported earnings improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Reacceleration
The return to double-digit growth indicates demand resilience and renewed business momentum. Sustained revenue expansion could improve operating leverage and strengthen the company’s competitive position if growth continues.
Read all positive factors
BoardWare Intelligence Technology Limited (1204) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$850.00M
Dividend YieldN/A
Average Volume (3M)107.00K
Price to Earnings (P/E)98.8
Beta (1Y)0.41
Revenue Growth11.85%
EPS Growth1128.57%
CountryHK
Employees360
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding500,000,000
10 Day Avg. Volume302,000
30 Day Avg. Volume107,000
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.90
Price to Sales (P/S)1.36
P/FCF Ratio-48.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BoardWare Intelligence Technology Limited Business Overview & Revenue Model
Company Description
BoardWare Intelligence Technology Limited, established in Macau in 2010, specializes in delivering sophisticated enterprise IT solutions. The company provides a comprehensive suite of professional IT services, including crucial aspects like data n...
How the Company Makes Money
null...
BoardWare Intelligence Technology Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 728.52M | 733.92M | 648.01M | 717.60M | 580.83M | 534.30M |
| Gross Profit | 139.92M | 144.01M | 124.80M | 115.65M | 100.35M | 112.11M |
| EBITDA | 12.85M | 17.63M | -9.87M | 24.11M | 21.61M | 43.97M |
| Net Income | 8.63M | 8.14M | 952.00K | 4.50M | 3.25M | 24.00M |
Balance Sheet | ||||||
| Total Assets | 670.25M | 697.61M | 585.66M | 583.40M | 573.06M | 436.12M |
| Cash, Cash Equivalents and Short-Term Investments | 141.61M | 129.03M | 167.51M | 93.10M | 160.27M | 21.48M |
| Total Debt | 67.19M | 91.68M | 29.48M | 22.21M | 12.16M | 41.53M |
| Total Liabilities | 321.80M | 352.55M | 249.71M | 247.38M | 242.04M | 267.23M |
| Stockholders Equity | 348.45M | 345.07M | 335.95M | 336.03M | 331.02M | 168.88M |
Cash Flow | ||||||
| Free Cash Flow | 20.03M | -20.49M | 20.23M | -79.46M | 56.79M | -54.85M |
| Operating Cash Flow | 43.12M | 14.92M | 36.31M | -75.43M | 63.36M | -49.73M |
| Investing Cash Flow | 75.66M | -92.77M | 28.08M | -2.88M | -56.57M | -5.09M |
| Financing Cash Flow | 5.96M | 58.41M | -7.17M | 1.50M | 84.86M | 39.37M |
BoardWare Intelligence Technology Limited Technical Analysis
Negative
2.00
Price Trends
1.79
Negative
1.72
Negative
1.79
Negative
Market Momentum
>-0.01
Positive
21.62
Positive
-55.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1204, the sentiment is Negative. The current price of 2 is above the 20-day moving average (MA) of 1.83, above the 50-day MA of 1.79, and above the 200-day MA of 1.79, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 21.62 is Positive, neither overbought nor oversold. The STOCH value of -55.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1204.
BoardWare Intelligence Technology Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$278.67M | -0.90 | -14.17% | 13.93% | -7.04% | -163.40% | |
67 Neutral | HK$488.33M | 5.34 | 6.36% | 4.71% | 8.36% | 286.36% | |
66 Neutral | HK$343.00M | 8.35 | 35.60% | 21.02% | -21.68% | -55.57% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$450.89M | 8.60 | 1.79% | 9.30% | -6.58% | -71.22% | |
47 Neutral | HK$612.78M | -2.42 | -11.90% | 4.11% | 4.44% | -266.43% | |
45 Neutral | HK$850.00M | 98.84 | 2.49% | ― | 11.85% | 1128.57% |
* Technology Sector Average
HK:1204
BoardWare Intelligence Technology Limited
1.70
-0.08
-4.49%
HK:2176
CCID Consulting Co. Ltd. Class H
0.49
-1.09
-69.07%
HK:1075
Capinfo Co., Ltd. Class H
1.69
-1.35
-44.48%
HK:1522
BII Railway Transportation Technology Holdings Co., Ltd.
0.22
-0.12
-35.44%
HK:1900
China ITS Holdings Co., Ltd.
0.16
-0.14
-46.89%
HK:0771
Automated Systems Holdings Limited
0.73
-0.09
-10.65%
BoardWare Intelligence Technology Limited Corporate Events
BoardWare Intelligence flags at least 50% jump in interim profit on stronger IT services
Aug 18, 2026
BoardWare Intelligence Technology Limited expects a profit increase of at least 50% for the six months ended 30 June 2026, compared with profit of about HK$0.8 million a year earlier. The improvement is driven by higher revenue from its enterprise...
BoardWare Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 18, 2026
BoardWare Intelligence Technology Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026 for the company and its subsidiaries. The directors will also consider recom...
BoardWare Intelligence Wins Unanimous Shareholder Backing at 2026 AGM
Jun 18, 2026
BoardWare Intelligence Technology Limited reported that all resolutions put to shareholders at its annual general meeting on 18 June 2026 were approved by poll, with all directors attending either in person or electronically. Shareholders received...
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.