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ICO Group Limited
(1460)
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Rating:61Neutral
Price Target:
HK$0.27
â–¼(-10.33% Downside)
Action:Reiterated
Date:10/28/26
The score is primarily held back by weaker financial performance quality—especially the 2026 reversal to negative operating/free cash flow and the sharp revenue decline—despite low leverage. Valuation is a key support (low P/E and a ~4.1% yield). Technically, the trend is slightly positive but looks overbought, adding near-term risk.
Positive Factors
Low leverage
The company is conservatively financed, with very limited debt relative to equity and leverage improving over time. This lowers financial risk, reduces interest-related pressure on earnings, and preserves capacity to withstand operating volatility or fund future initiatives.
Negative Factors
Revenue contraction
The sharp latest-year revenue decline signals meaningful demand or volume pressure and weakens visibility into near-term operating performance. A smaller revenue base can reduce scale benefits, make fixed costs harder to absorb, and delay recovery in earnings if the contraction persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The company is conservatively financed, with very limited debt relative to equity and leverage improving over time. This lowers financial risk, reduces interest-related pressure on earnings, and preserves capacity to withstand operating volatility or fund future initiatives.
Read all positive factors
ICO Group Limited (1460) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$223.79M
Dividend Yield4.12%
Average Volume (3M)62.67K
Price to Earnings (P/E)7.7
Beta (1Y)0.19
Revenue Growth4.74%
EPS Growth11.95%
CountryHK
Employees365
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding877,590,330
10 Day Avg. Volume76,800
30 Day Avg. Volume62,666
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)0.30
Price to Sales (P/S)0.15
P/FCF Ratio-5.06
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
ICO Group Limited Business Overview & Revenue Model
Company Description
ICO Group Limited functions as an investment holding firm, specializing in providing information technology (IT) application services to institutional and corporate clients across Hong Kong and internationally. The company structures its diverse o...
ICO Group Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
41
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.19B | 1.14B | 1.08B | 877.32M | 712.45M |
| Gross Profit | 267.56M | 230.22M | 209.45M | 173.74M | 131.03M |
| EBITDA | 69.55M | 62.19M | 53.94M | 40.56M | 37.46M |
| Net Income | 28.81M | 25.70M | 16.69M | 10.97M | 8.12M |
Balance Sheet | |||||
| Total Assets | 1.11B | 1.06B | 954.51M | 865.14M | 777.45M |
| Cash, Cash Equivalents and Short-Term Investments | 272.07M | 375.97M | 306.62M | 216.92M | 107.42M |
| Total Debt | 37.02M | 57.34M | 62.55M | 57.58M | 59.56M |
| Total Liabilities | 485.81M | 482.66M | 389.27M | 314.84M | 222.73M |
| Stockholders Equity | 602.05M | 562.60M | 537.70M | 530.99M | 530.98M |
Cash Flow | |||||
| Free Cash Flow | -36.26M | 85.23M | 93.61M | 121.01M | -40.08M |
| Operating Cash Flow | -35.37M | 88.35M | 96.42M | 121.40M | -39.91M |
| Investing Cash Flow | 11.24M | 81.56M | -83.29M | 1.44M | 10.97M |
| Financing Cash Flow | -46.18M | -29.60M | -13.81M | -12.81M | 30.89M |
ICO Group Limited Technical Analysis
Positive
0.30
Price Trends
0.25
Positive
0.25
Positive
0.24
Positive
Market Momentum
<0.01
Negative
80.43
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1460, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.25, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 80.43 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1460.
ICO Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$504.27M | 5.47 | 6.36% | 4.56% | 8.36% | 286.36% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | HK$223.79M | 7.75 | 4.89% | 4.12% | 4.74% | 11.95% | |
61 Neutral | HK$604.39M | -2.38 | -11.90% | 4.17% | 4.44% | -266.43% | |
56 Neutral | HK$212.67M | 30.43 | 2.87% | 1.70% | -5.85% | -93.22% | |
48 Neutral | HK$286.36M | 13.42 | 4.30% | 8.90% | -4.91% | -27.51% | |
44 Neutral | HK$992.28M | -12.15 | -42.58% | 1.60% | -20.17% | 2.68% |
* Technology Sector Average
HK:1460
ICO Group Limited
0.26
-0.05
-17.74%
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1.74
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0.10
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1.18
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Futong Technology Development Holdings Ltd.
3.15
2.65
529.00%
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Automated Systems Holdings Limited
0.72
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-6.98%
ICO Group Limited Corporate Events
ICO Group Secures Full Shareholder Backing for AGM Resolutions and Capital Mandates
Aug 28, 2026
Shareholders of ICO Group Limited approved all resolutions at the annual general meeting held on 28 August 2026 in Hong Kong, with 480,377,200 votes cast entirely in favour and none against. The meeting covered receipt of the audited financial sta...
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.