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Intelligent Living Application Group Inc.NasdaqCM:ILAG Stock Report

Market Cap US$7.6m
Share Price
n/a
1Y-25.3%
7D9.2%
1D3.5%
Portfolio Value
​
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Intelligent Living Application Group Inc.

NasdaqCM:ILAG Stock Report

Market Cap: US$7.6m

Intelligent Living Application Group (ILAG) Stock Overview

Through its subsidiaries, designs, manufactures and sells mechanical locksets to customers mainly in the United States and Canada. More details

ILAG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Risk Analysis

Earnings have declined by 52.5% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap ($8M)

Volatile share price over the past 3 months compared to the US market

+ 1 more risk

ILAG Community Fair Values

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Intelligent Living Application Group Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Intelligent Living Application Group
Historical stock prices
Current Share PriceUS$3.81
52 Week HighUS$9.56
52 Week LowUS$2.04
Beta2.15
1 Month Change15.81%
3 Month Change7.32%
1 Year Change-25.29%
3 Year Change-66.87%
5 Year Changen/a
Change since IPO-93.77%

Recent News & Updates

Recent updates

Analysis Article • Jun 08

Risks To Shareholder Returns Are Elevated At These Prices For Intelligent Living Application Group Inc. (NASDAQ:ILAG)

When close to half the companies in the Building industry in the United States have price-to-sales ratios (or "P/S...
Seeking Alpha • Aug 11

Intelligent Living Application Stock: What To Know About This New IPO

ILAG sells locksets and is only in the process of developing smart locksets now. Their revenue growth has been affected by supply chain issues, end-market issues and also regulation in China. Delisting risks are remote but could evolve into an issue too. There's no evident special appeal at this early stage, and while inflection will come, we'd not play this stock. Intelligent Living Application Group (ILAG) is a $65 million market cap business that sells locksets under the Kambo and Bamberg brand. The company is a holding company in the Cayman's that owns subsidiaries based in Hong Kong and China. They are subject to numerous risks, including demand and supply side risks, but also regulatory risk in China and risks related to delisting. This IPO was for the purpose of funding development of software for their smart-lock products, which are soon to come out. Ultimately, they are a small player among plenty of competitors with more developed products and better financial positions. As cash becomes a more valuable resource, and as problems that are tougher for a smaller player to deal with persist, its competitors are more attractive than they are for people interested in the lockset market. Still, it's good to know what's out there, so here's a breakdown of ILAG. When did ILAG go public? ILAG went public through IPO on July 13, 2022 on the Nasdaq Capital Market with an initial valuation of $4 per share equaling a $72 million market cap. The purpose of the IPO was to move forward with R&D on smart locksets that had to be put on pause over the last couple of years such that work on the software was not completed. Most of our research and development on smart locks have been done internally by our technician and engineers, except that Hing Fat hired outside services for approximately $25,000 in 2017. Because of tariff war and outbreak of COVID-19, we haven't made further progress on the software for our smart locks to save more working capital for our core operation. Prospectus ILAG - 'Our Business Section' The business isn't listed on any other market, which constitutes one of the first potential issues. Many companies that are substantially Chinese have listings in Hong Kong or Shenzhen, and this mitigates the impact of the HFCAA regulation that came into effect under President Trump as part of the set of moves designed to crack down on Chinese companies in the US market. Currently, ILAG does not have a problem in the face of this regulation, because the Auditors it retains are in the US. However, if for any reason they would be assessed as unable to fully complete their duties by the regulatory authority the PCAOB, they could run afoul of the HFCAA which would lead to the delisting concerns that are putting a lot of pressure on other companies like Alibaba (BABA). As far as we understand it, ILAG is so far in the clear as it works with a NYC headquartered auditor (called Wei, Wei & Co., LLP), but various decisions by China or the US could change whether or not that is enough. If they were to be identified as a potential problem (a.k.a a Commission-Identified Issuer), in several years they could face delisting unless they were able to comply, which would depend not only on them but also agreements between Beijing and Washington over auditor access and accountability. A resolution there is not assured. Because they don't have a listing elsewhere, this would affect their liquidity a lot and create a lot of price volatility and forced selling. This is something that investors in Chinese companies need to be aware of, and it'll be detailed in 10-K or prospectus risk sections. ILAG Markets What are ILAG's markets? Geographically, almost all the sales are in the US market and the model is to sell wholesale. They'll likely continue to do this and do so in the APAC market, where they are hoping to expand their markets. However, they have acknowledged substantial price competition in APAC markets, which limits marginality in this market, while in the US it is quality-based competition and there is more scope for pricing and building significant contribution. End-markets are property developers, leisure and hospitality markets (especially with the smart lockset foray), but also residential markets. There is a reopening element that is unwinding some of those markets that were hamstrung by COVID-19 like leisure and hospitality. But new business development in APAC for these markets will be somewhat limited as China is still in lockdowns, perhaps a signal for what's to come for the rest of us given they were ground-zero for the pandemic. While reopening is restoring markets in the US, other markets may be in more trouble. ILAG customers may dial back purchases if property markets and development rates suffer. Developers are already struggling in terms of volume with the supply chain shortages, but it could become a demand problem as well since interest rates are rising. Office real estate might be going into secular decline, so those markets are a bit shaky too. The following are some of ILAG's competitors in their markets, excluding companies like Dormakaba, AB ABLOY and others. Competitors (ILAG Prospectus) Most of these companies also operate in other businesses, but some like Allegion plc (ALLE) are closer to ILAG which is a lockset pureplay. Allegion is in the market of company security and building security, and it deals with a lot of door features including locksets and ID systems. Its mechanical products segment is about 80% of its business and meaningfully overlaps with ILAG's markets. Allegion is ahead in terms of software and technology, where ILAG has only spent some $20k on contracting R&D in addition to in-house and has had to put those efforts on hold over the last couple of years to preserve working capital and deal with business troubles, which include more than just some end-market pressures related to COVID-19 and current China lockdowns. Allegion is not highly levered and has a lot of debt capacity with a cash-generative business model, while ILAG has had to resort to equity markets to finance their R&D. Moreover, they are less exposed to the power control issues that are hitting some of China's manufacturers like ILAG, where power consumption from the factory floor is limited by government mandate as a measure to save power now that energy has become scarce. Also, with China's continuing COVID-19 problem associated with the continuation of strict controls, manufacturing becomes further disrupted from time to time. All of this limits ILAG's ability to scale and pose a threat to well-capitalised incumbents like Allegion. Financials The financials reflect the troubles of a company that is dealing with tougher end-markets and is selling a product that is already established in the market. They are achieving growth, but the new forays like digital locks and the APAC market, in general, will unlikely supercharge growth that much further, especially with the end-market demand environment being ambiguous.

Shareholder Returns

ILAGUS BuildingUS Market
7D9.2%-2.8%0.6%
1Y-25.3%2.7%19.5%

Return vs Industry: ILAG underperformed the US Building industry which returned 2.7% over the past year.

Return vs Market: ILAG underperformed the US Market which returned 19.5% over the past year.

Price Volatility

Is ILAG's price volatile compared to industry and market?
ILAG volatility
ILAG Average Weekly Movement14.2%
Building Industry Average Movement6.3%
Market Average Movement7.3%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: ILAG's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: ILAG's weekly volatility has decreased from 19% to 14% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
1981198Yu Bong Lauwww.i-l-a-g.com

Intelligent Living Application Group Inc., through its subsidiaries, designs, manufactures and sells mechanical locksets to customers mainly in the United States and Canada. It offers locksets functions, deadbolts, entry locksets, privacy locksets, passage locksets, and storeroom locks under the Bamberg and Kambo brand names. The company offers locksets for outdoor uses, such as main entrances and gates, and indoor uses.

Intelligent Living Application Group Inc. Fundamentals Summary

How do Intelligent Living Application Group's earnings and revenue compare to its market cap?
ILAG fundamental statistics
Market capUS$7.64m
Earnings (TTM)-US$19.35m
Revenue (TTM)US$4.49m
1.8x
P/S Ratio
-0.4x
P/E Ratio

Is ILAG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ILAG income statement (TTM)
RevenueUS$4.49m
Cost of RevenueUS$4.36m
Gross ProfitUS$129.80k
Other ExpensesUS$19.48m
Earnings-US$19.35m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-9.32
Gross Margin2.89%
Net Profit Margin-430.56%
Debt/Equity Ratio32.5%

How did ILAG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 00:37
End of Day Share Price 2026/07/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Intelligent Living Application Group Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.