IPE Group Limited, an investment holding company, manufactures and sells precision metal components and assembled parts for automotive parts, hydraulic equipment, hard disk drives (HDD), and electronic and other devices.
Flawless balance sheet and fair value.
Share Price & News
How has IPE Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 929 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 929 underperformed the Hong Kong Machinery industry which returned 43.7% over the past year.
Return vs Market: 929 underperformed the Hong Kong Market which returned 7.2% over the past year.
Price Volatility Vs. Market
How volatile is IPE Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StShould You Be Impressed By IPE Group's (HKG:929) Returns on Capital?
4 weeks ago | Simply Wall StIPE Group Limited's (HKG:929) Risks Elevated At These Prices
2 months ago | Simply Wall StIf You Had Bought IPE Group (HKG:929) Stock Three Years Ago, You'd Be Sitting On A 65% Loss, Today
Is IPE Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 929 (HK$0.65) is trading below our estimate of fair value (HK$2.77)
Significantly Below Fair Value: 929 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 929 is poor value based on its PE Ratio (17x) compared to the HK Machinery industry average (12.3x).
PE vs Market: 929 is poor value based on its PE Ratio (17x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 929's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 929 is good value based on its PB Ratio (0.4x) compared to the HK Machinery industry average (0.9x).
How is IPE Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IPE Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether IPE Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- IPE Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has IPE Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 929 has high quality earnings.
Growing Profit Margin: 929's current net profit margins (5%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: 929's earnings have declined by 8.3% per year over the past 5 years.
Accelerating Growth: 929's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 929 had negative earnings growth (-52.7%) over the past year, making it difficult to compare to the Machinery industry average (-8.7%).
Return on Equity
High ROE: 929's Return on Equity (2.4%) is considered low.
How is IPE Group's financial position?
Financial Position Analysis
Short Term Liabilities: 929's short term assets (HK$1.4B) exceed its short term liabilities (HK$171.9M).
Long Term Liabilities: 929's short term assets (HK$1.4B) exceed its long term liabilities (HK$218.6M).
Debt to Equity History and Analysis
Debt Level: 929's debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: 929's debt to equity ratio has reduced from 35.9% to 15.1% over the past 5 years.
Debt Coverage: 929's debt is well covered by operating cash flow (88.5%).
Interest Coverage: 929's interest payments on its debt are well covered by EBIT (16.2x coverage).
What is IPE Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 929's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.38%).
High Dividend: 929's dividend (0.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: 929 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 929 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 929 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 929's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Guang Sheng Zeng (53 yo)
Mr. Guang Sheng Zeng has been Chairman of the Board of IPE Group Limited since June 2, 2017 and also has been its Executive Director since March 18, 2016. Mr. Zeng has been the Chief Executive Officer at I ...
CEO Compensation Analysis
Compensation vs Market: Guang Sheng's total compensation ($USD346.18K) is above average for companies of similar size in the Hong Kong market ($USD229.15K).
Compensation vs Earnings: Guang Sheng's compensation has been consistent with company performance over the past year.
|Executive Chairman & CEO||1.83yrs||HK$2.68m||no data|
|Executive Director||4.42yrs||HK$1.78m||no data|
|Independent Non-Executive Director||3.17yrs||HK$150.00k||no data|
|Non-Executive Director||3.17yrs||HK$250.00k||no data|
|Independent Non-Executive Director||3.17yrs||HK$150.00k||no data|
|Independent Non-Executive Director||1.83yrs||HK$150.00k||no data|
|Non-Executive Director||1.17yrs||HK$146.00k||no data|
|Independent Non-Executive Director||1.17yrs||HK$88.00k||no data|
Experienced Board: 929's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IPE Group Limited's company bio, employee growth, exchange listings and data sources
- Name: IPE Group Limited
- Ticker: 929
- Exchange: SEHK
- Founded: 1990
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: HK$683.965m
- Shares outstanding: 1.05b
- Website: https://www.ipegroup.com
Number of Employees
- IPE Group Limited
- Unit 5–6, Enterprise Square Three
- 23rd Floor
- Kowloon Bay
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|929||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 2005|
IPE Group Limited, an investment holding company, manufactures and sells precision metal components and assembled parts for automotive parts, hydraulic equipment, hard disk drives (HDD), and electronic and ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 02:42|
|End of Day Share Price||2020/08/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.