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Vobile Group (3738) AI Stock Analysis
Vobile Group
(HKEX:3738)
The score is held back primarily by weak technicals (price below all key moving averages with negative MACD) and elevated fundamental execution risk (sharp 2025 revenue decline and historically inconsistent cash flow), partially offset by still-positive margins, manageable leverage, and a neutral-to-moderate P/E.
Vobile Group (3738) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 670.06M
- Dividend Yield
- ―
- Average Volume (3M)
- 27.41M
- Price to Earnings (P/E)
- 20.6
- Beta (1Y)
- 1.53
- Revenue Growth
- 20.34%
- EPS Growth
- 27.46%
- Country
- Hong Kong
- Employees
- 581
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Vobile Group Business Overview & Revenue Model
Company Description
Vobile Group Limited operates as an investment holding company, supplying Software-as-a-Service (SaaS) solutions across various global markets, including the United States, Japan, and Mainland China. The company's core business involves online video...
How the Company Makes Money
Vobile makes money primarily by selling technology solutions that help customers protect, manage, and monetize digital video content. Revenue is generated through (1) content protection and rights management services, where customers pay for the use...
Vobile Group Financial Statement Overview
Summary
Overall fundamentals are moderate but risky: profitability is positive (2025 gross margin ~44.8%, net margin ~6.9%), and leverage is manageable (debt-to-equity ~0.63; ROE ~6.2%). However, an extreme revenue contraction in 2025 (~86% YoY) plus historically volatile profitability (losses in 2021 and 2023) and uneven cash conversion (multi-year negative free cash flow with only a recent turn to positive) materially weaken confidence in sustainability.
Income Statement
56NeutralBalance Sheet
58NeutralCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.22B | 2.87B | 2.40B | 2.00B | 1.44B | 686.53M |
| Gross Profit | 1.45B | 1.29B | 1.05B | 850.16M | 590.71M | 348.77M |
| EBITDA | 586.44M | 510.85M | 413.42M | 275.14M | 271.54M | 28.75M |
| Net Income | 287.99M | 199.31M | 142.73M | -7.82M | 42.00M | -22.68M |
Balance Sheet | ||||||
| Total Assets | 6.49B | 6.26B | 3.92B | 3.51B | 3.26B | 1.77B |
| Cash, Cash Equivalents and Short-Term Investments | 906.72M | 1.17B | 220.29M | 240.04M | 226.50M | 496.87M |
| Total Debt | 1.92B | 2.03B | 1.02B | 696.48M | 1.13B | 24.26M |
| Total Liabilities | 2.63B | 2.81B | 1.62B | 1.37B | 1.59B | 233.83M |
| Stockholders Equity | 3.64B | 3.23B | 2.10B | 1.95B | 1.49B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | -11.24M | 15.23M | -220.83M | -100.01M | -67.48M | -75.06M |
| Operating Cash Flow | 170.21M | 20.86M | 4.14M | 110.07M | 37.61M | -8.77M |
| Investing Cash Flow | -1.01B | -904.87M | -254.61M | -213.86M | -1.03B | -164.66M |
| Financing Cash Flow | 1.16B | 1.84B | 257.60M | 138.98M | 713.55M | 398.71M |
Vobile Group Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3738, the sentiment is Negative. The current price of 2.28 is below the 20-day moving average (MA) of 2.75, below the 50-day MA of 2.94, and below the 200-day MA of 3.34, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 31.46 is Neutral, neither overbought nor oversold. The STOCH value of 12.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3738.
Vobile Group Peers Comparison
Overall Rating
HK:989975Outperform
HK:389662Neutral
HK:167548Neutral- HK:373847Neutral
HK:668245Neutral
HK:002038Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:9899 | 75Outperform | HKD 18.20B | 9.59 | 13.11% | ― | 5.99% | -34.42% |
| HK:3896 | 62Neutral | HKD 18.67B | -5.57 | -7.08% | ― | 35.32% | 74.56% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:1675 | 48Neutral | HKD 2.98B | -13.45 | -2.55% | 1.70% | -2.82% | -152.77% |
| HK:3738 | 47Neutral | HKD 5.86B | 20.60 | 8.39% | ― | 20.34% | 27.46% |
| HK:6682 | 45Neutral | HKD 12.08B | 61.05 | 1.93% | ― | 41.91% | ― |
| HK:0020 | 38Underperform | HKD 46.69B | 132.06 | 1.09% | ― | 31.42% | ― |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:3738 | Vobile Group | 2.28 | -3.04 | -57.14% | |
| HK:1675 | AsiaInfo Technologies Limited | 3.17 | -5.79 | -64.64% | |
| HK:9899 | NetEase Cloud Music Inc. | 89.55 | -165.45 | -64.88% | |
| HK:0020 | SenseTime Group, Inc. Class B | 1.10 | -1.23 | -52.78% | |
| HK:3896 | Kingsoft Cloud Holdings Ltd | 4.12 | -2.52 | -37.95% | |
| HK:6682 | Beijing Fourth Paradigm Technology Co. Ltd. Class H | 21.64 | -35.91 | -62.40% |
Vobile Group Corporate Events
Vobile Group Completes HK$530 Million Convertible Bond Issue to Refinance Debt
Vobile Group Limited has completed the issuance of HK$530 million 3.75 per cent convertible bonds due 2027 under its general mandate, with the bonds listed on the Vienna MTF operated by the Vienna Stock Exchange. The bonds were placed with at least s...
Vobile Group to Raise HK$530 Million via 3.75% Convertible Bonds Due 2027
Vobile Group has agreed to issue HK$530 million of 3.75 per cent convertible bonds due 2027 under its existing general mandate, with a sole global coordinator arranging the subscription. The bonds are initially convertible at HK$3.02 per share, imply...
Vobile Completes On Sun International Acquisition via Share Issuance
Vobile Group Limited has completed its acquisition of the entire issued share capital of On Sun International Limited, turning the target into an indirect wholly owned subsidiary. The transaction was settled through the issuance and allotment of new...
Vobile Group to Acquire Target Company in HK$75 Million Share-Funded Deal
Vobile Group Limited has agreed, via its wholly owned subsidiary Vobile Investment Holdings Limited, to acquire the entire issued share capital of an independent target company for HK$75 million. The consideration will be settled through the allotmen...
Vobile Fully Redeems HK$1.46 Billion Convertible Bonds, Eliminating Dilution Risk
Vobile Group Limited has completed the full redemption of its zero coupon convertible bonds due 2026, repurchasing the outstanding principal amount of HK$1.458 billion together with all accrued and unpaid interests and fees. Following this transactio...
Vobile launches SeeBay platform to drive AI content creation and global IP monetization
Vobile Group Limited has launched SeeBay, a one-stop platform designed to support AI content creation and global IP monetization, marking a strategic move to deepen its role in the digital media and rights-management value chain. Since its official d...
Vobile Group Partners with Ant Digital to Build AI Copyright Model
Vobile Group has announced that one of its subsidiaries has entered into a collaboration agreement with Ant Blockchain Technology, the technology commercialisation arm of Ant Group. The partners intend to build a copyright-focused large AI model desi...
Vobile Secures Brunei AI Data Centre Capacity to Power Expansion of Content Platform
Vobile Group has signed strategic partnership and commercial agreements via a subsidiary with Unified National Networks of Brunei Darussalam to secure 25MW of AI-ready, liquid-cooled, high-power-density data centre capacity. This infrastructure will...
Vobile Group’s AI Push Drives Surge in Interim Profit and New Copyright RWA Project
Vobile Group reported strong interim results for the six months ended 30 June 2026, as AI content services moved from planning to commercial execution and boosted its core rights management operations. Revenue climbed 24% year on year to HK$1.81 bill...
Vobile Group Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Vobile Group has scheduled a board meeting for 28 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend and address other corporate m...
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: Oct 31, 2026