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Innovax Holdings Limited (2680) AI Stock Analysis
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Innovax Holdings Limited
(HKEX:2680)
The score is primarily supported by financial stability from a conservatively financed balance sheet and a return to profitability with positive free cash flow. Offsetting this, operating results show high volatility with a steep revenue decline, while technicals indicate only a partial recovery (short-term strength but still below long-term averages). Valuation is a notable headwind given the high P/E and no provided dividend yield.
Innovax Holdings Limited (2680) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 300.60M
- Dividend Yield
- ―
- Average Volume (3M)
- 23.14K
- Price to Earnings (P/E)
- 26.4
- Beta (1Y)
- 0.11
- Revenue Growth
- -65.08%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 38
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Capital Markets
Innovax Holdings Limited Business Overview & Revenue Model
Company Description
Innovax Holdings Limited functions as an investment holding enterprise, delivering a comprehensive suite of financial and securities services throughout Hong Kong. The company's core offerings include corporate finance advisory, which encompasses ini...
Innovax Holdings Limited Financial Statement Overview
Summary
Strong balance sheet with very low leverage (balance sheet score 82) provides resilience. Profitability improved materially with net income turning positive and very high gross margins (income statement score 52), but results are less predictable due to sharp revenue contraction (~-65% YoY) and historical earnings volatility. Cash flow rebounded to positive OCF/FCF (cash flow score 58) but remains inconsistent across years.
Income Statement
52NeutralBalance Sheet
82Very PositiveCash Flow
58Neutral| Breakdown | TTM | Feb 2026 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.76M | 56.76M | 158.02M | 32.68M | 45.24M | 34.86M |
| Gross Profit | 54.35M | 54.35M | 139.53M | 8.71M | 45.24M | 34.86M |
| EBITDA | 10.63M | 10.63M | -33.90M | 3.37M | -3.49M | -17.51M |
| Net Income | 11.71M | 11.71M | -35.29M | 1.77M | -6.58M | -22.52M |
Balance Sheet | ||||||
| Total Assets | 302.77M | 302.77M | 353.03M | 283.60M | 307.62M | 303.34M |
| Cash, Cash Equivalents and Short-Term Investments | 196.32M | 196.32M | 141.35M | 181.54M | 129.98M | 101.14M |
| Total Debt | 672.00K | 672.00K | 1.26M | 330.00K | 1.83M | 721.00K |
| Total Liabilities | 104.19M | 104.19M | 166.15M | 73.11M | 98.90M | 94.78M |
| Stockholders Equity | 198.58M | 198.58M | 186.87M | 210.49M | 208.71M | 208.55M |
Cash Flow | ||||||
| Free Cash Flow | -30.09M | 8.95M | -29.32M | 22.73M | 29.72M | -6.90M |
| Operating Cash Flow | -30.08M | 8.96M | -29.32M | 22.73M | 30.05M | -6.89M |
| Investing Cash Flow | 1.23M | 2.84M | 4.07M | 3.44M | 426.00K | -12.00K |
| Financing Cash Flow | -596.00K | -325.00K | 10.43M | -1.54M | -1.91M | -2.36M |
Innovax Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2680, the sentiment is Negative. The current price of 5.02 is below the 20-day moving average (MA) of 5.47, below the 50-day MA of 6.04, and below the 200-day MA of 8.79, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 20.78 is Positive, neither overbought nor oversold. The STOCH value of 9.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2680.
Innovax Holdings Limited Peers Comparison
Overall Rating
HK:071768Neutral
HK:835067Neutral
HK:107362Neutral- HK:268059Neutral
HK:226352Neutral
HK:051039Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0717 | 68Neutral | HKD 377.49M | 2.90 | 3.57% | ― | -22.54% | 60.00% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| HK:8350 | 67Neutral | HKD 350.78M | 3.95 | 57.05% | ― | 280.60% | 330.73% |
| HK:1073 | 62Neutral | HKD 341.80M | 5.92 | 8.47% | 7.20% | 99.18% | 272.34% |
| HK:2680 | 59Neutral | HKD 301.20M | 26.37 | 5.80% | ― | -65.08% | ― |
| HK:2263 | 52Neutral | HKD 295.00M | 28.64 | 2.80% | ― | -7.05% | 255.17% |
| HK:0510 | 39Underperform | HKD 194.03M | -4.65 | -23.72% | ― | 10.05% | -40.15% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2680 | Innovax Holdings Limited | 5.02 | -6.99 | -58.20% | |
| HK:0510 | CASH Financial Services Group | 0.45 | -0.22 | -32.84% | |
| HK:0717 | Emperor Capital Group Limited | 0.06 | -0.05 | -48.62% | |
| HK:1073 | Da Yu Financial Holdings Limited | 0.10 | -0.02 | -13.79% | |
| HK:2263 | Fu Shek Financial Holdings Limited | 0.29 | 0.07 | 34.09% | |
| HK:8350 | Excalibur Global Financial Holdings Limited | 0.36 | 0.00 | 0.00% |
Innovax Holdings Limited Corporate Events
Austrax Holdings Posts Interim Loss as Core Financial Services Margins Tighten
Austrax Holdings Limited reported unaudited interim results for the six months ended 31 August 2026, showing total revenue of HK$10.5 million, broadly flat against HK$10.9 million a year earlier. The Group swung to a loss from continuing operations o...
Austrax Holdings Revamps Finance and Compliance Leadership
Austrax Holdings Limited has reshuffled key finance and governance roles, announcing the resignation of Ms. Chau Lok Yi as chief financial officer, company secretary, authorized representative and process agent due to work reassignment, effective 30...
Austrax Issues Profit Warning as Investment Gains Reverse
Austrax Holdings Limited has warned that it expects to swing to a net loss attributable to shareholders of between HK$4.8 million and HK$5.9 million for the six months ended 31 August 2026, compared with a profit of about HK$18.3 million a year earli...
Austrax Sets Board Meeting to Review Interim Results and Consider Dividend
Austrax Holdings Limited has scheduled a board meeting for October 30, 2026, to review and approve its unaudited condensed consolidated financial statements for the six months ended August 31, 2026. The board will also consider whether to declare and...
Austrax Holdings Corrects Effective Date for Change of Authorised Representative
Austrax Holdings Limited, formerly Innovax Holdings Limited, is a Cayman Islands-incorporated company listed in Hong Kong, operating under a standard governance model with a board led by Chairman and Chief Executive Officer Wang Tingfa. Its board str...
Austrax Shareholders Unanimously Back Board Mandates and Director Slate at 2026 AGM
Austrax Holdings reported that shareholders unanimously approved all resolutions at its annual general meeting held on 7 August 2026, with 45,193,800 shares voting and no votes cast against any item. Investors endorsed the audited financial statement...
Austrax reshuffles Hong Kong authorised representatives and process agents
Austrax Holdings Limited, formerly Innovax Holdings Limited and listed in Hong Kong under stock code 2680, announced changes to its authorised representatives and process agents as part of an update to its corporate governance structure. The board co...
Austrax Holdings Rebrands With New Name, Ticker Short Names and Logo
Austrax Holdings Limited, formerly Innovax Holdings Limited, is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 2680, and is registered in Hong Kong as a non-Hong Kong company, though this announcement ce...
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: Aug 17, 2026