IPE Group Ltd (0929) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of IPE Group Ltd stock HK$0.56, price HK$0.49, upside +14.3%, quality 52 out of 100. Rating: undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range HK$0.3903 – HK$1.21 · fair‑value band HK$0.4400 – HK$0.7000 · the HK$0.4900 price screens below the HK$0.5600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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IPE Group Limited, an investment holding company, engages in the manufacture, sale, and trading of precision metal components and assembled parts for use in automotive parts, hydraulic equipment, electronic equipment components, CNC lathes, and other devices.
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The company also manufactures and trades in intelligent equipment. It serves multinational corporations in the information technology, fluid power, automotive, and electronic sectors.
The company operates in Thailand, Malaysia, Mainland China, Macau, Hong Kong, North America, Europe, and internationally. The company was founded in 1990 and is headquartered in Guangzhou, China. IPE Group Limited is a subsidiary of Baoan Technology Company Limited.
Stock analysis
IPE Group Ltd (0929) currently trades at HK$0.4900, while our model-based Fair Value estimate is HK$0.5600, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$1.44 per share, and 4 of the 12 models we run sit above the HK$0.4900 price.
Bear case: the Growth Earnings group reads lowest at HK$0.1700, and 8 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.4400 (bear) to HK$0.7000 (bull), the price of HK$0.4900 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
IPE Group Ltd reported revenue of HK$1.1B in FY2025 versus HK$1.0B in FY2021, a compound +1.3%/yr. Reported net income was HK$11.4M in FY2025, compounding −38.8%/yr from FY2021.
Key figures
Market cap HK$516M (≈ $65.7M) Micro · P/E ratio 50.0 · P/S ratio 0.52 · Dividend yield 5.7% · Net margin 1.0% · Return on equity 1.8% · Return on assets (EBIT) 2.5% (5-year average) · Operating margin 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −37% fair-value upside, at 14%, 0929 screens cheaper than that median.
Fair Value models
BearHK$0.4400Fair Value HK$0.5600BullHK$0.7000
Price HK$0.4900 · Upside +14.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual IncomeHK$0.9100HK$1.00HK$1.1176
EPVHK$0.2100HK$0.2200HK$0.230073
ROIC CompounderHK$0.2100HK$0.2200HK$0.230071
All 12 models by family
Earnings-Based
Graham-DoddHK$0.0700HK$0.1300HK$0.160066
EPVHK$0.2100HK$0.2200HK$0.230073
Multiples
P/E MultipleHK$0.1700HK$0.2300HK$0.280063
P/S MultipleHK$0.1400HK$0.1800HK$0.230057
P/B MultipleHK$0.6000HK$0.8000HK$1.0055
EV/EBITHK$0.2800HK$0.3500HK$0.410065
EV/EBITDAHK$0.5500HK$0.7100HK$0.870067
EV/RevenueHK$0.2200HK$0.2800HK$0.350053
Asset-Based
NCAV (Graham)HK$0.9500HK$1.44HK$1.7954
Economic Profit
Residual IncomeHK$0.9100HK$1.00HK$1.1176
ROIC CompounderHK$0.2100HK$0.2200HK$0.230071
Growth Earnings
Growth-Adj P/EHK$0.1200HK$0.1700HK$0.220068
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Start year 2020 (pandemic). Over 10 years: +2.2% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−16.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.4%
Dividend (yield on the price)5.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−22.4% vs −20.1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 5%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 265 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+14.3% · Top 25%
Profitability
Return on equity (12 months)1.8% · Below median
Return on assets1.3% · Below median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)28.6% · Above median
Dividend yield (12 months)5.7% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "IPE Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0929
Frequently asked questions
Is IPE Group Ltd (0929) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of HK$0.5600 versus a price of HK$0.4900, about +14% upside (undervalued).
What is the fair value of 0929?
Our model-based fair value for IPE Group Ltd is HK$0.5600 (as of Nov 12, 2026), built from audited fundamentals. The current price: HK$0.4900.
What is the quality score of 0929?
IPE Group Ltd has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IPE Group Ltd (0929)?
Our model-based price target is the fair value of HK$0.5600 (as of Nov 12, 2026) from 12 valuation models. Cautious scenario HK$0.4400, optimistic scenario HK$0.7000. It is a calculation from audited fundamentals, not an analyst target.
What is the IPE Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.5600, about +14% upside versus a price of HK$0.4900 (undervalued). Cautious scenario HK$0.4400, optimistic scenario HK$0.7000. The calculation is refreshed regularly with new filings.
What is the revenue of IPE Group Ltd (0929)?
IPE Group Ltd reported trailing-twelve-month revenue of about HK$1.2B (latest available figure, as of Nov 12, 2026).
Does IPE Group Ltd pay a dividend?
IPE Group Ltd currently shows a dividend yield of 5.71% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of IPE Group Ltd (0929) and when is the ex-dividend date?
IPE Group Ltd pays a dividend of HK$0.028 per share a year, a dividend yield of 5.7%. The last ex-dividend date was Jun 9, 2026. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of IPE Group Ltd (0929)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IPE Group Ltd it is HK$0.5600 per share (as of Nov 12, 2026), against a price of HK$0.4900. It is the blended result of 12 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is IPE Group Ltd stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 0929 trades below its calculated fair value: price HK$0.4900, fair value HK$0.5600, a gap of about +14% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0929?
No. The price is what the market pays today (HK$0.4900); the fair value is what the company's own numbers justify (HK$0.5600). For IPE Group Ltd the two are HK$0.0700 per share apart. That gap is exactly why we show both numbers side by side.
How much is IPE Group Ltd worth?
The market values IPE Group Ltd at about HK$516M (market capitalisation, as of Nov 12, 2026). Per share that is HK$0.4900; our models calculate a fair value of HK$0.5600 per share.
What do the bullish and bearish scenarios say about 0929?
Our models span a range for IPE Group Ltd: cautious scenario HK$0.4400, base HK$0.5600, optimistic HK$0.7000 per share (as of Nov 12, 2026, price HK$0.4900). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0929?
IPE Group Ltd trades at a price-to-earnings ratio of 50.0 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.5600 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 24.5. Other multiples: P/B 0.3, P/S 1.3, EV/EBITDA 3.5.
How solid is the balance sheet of IPE Group Ltd (0929)?
Balance-sheet figures for IPE Group Ltd (as of Nov 12, 2026): return on equity 1.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 0929 from its 52-week high?
IPE Group Ltd trades at HK$0.4900, about 60% below its 52-week high of HK$1.21 and 3% above the low of HK$0.4750 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.5600 is for.
Which stocks are comparable to IPE Group Ltd?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IPE Group Ltd stock attractive at the current price?
The data as of Nov 12, 2026: price HK$0.4900, calculated fair value HK$0.5600 (+14%), Quality Score 52/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0929 calculated?
We run IPE Group Ltd through 12 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$0.5600 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. IPE Group Ltd currently trades 13% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IPE Group Ltd (0929)?
The closing price on Nov 13, 2026 was HK$0.4900. Our model-based fair value is HK$0.5600, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IPE Group Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of IPE Group Ltd (0929) come from?
Earnings per share at IPE Group Ltd grew −23.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.4 %, EBIT margin −11.5 %, tax rate −5.3 %, residual (interest, one-offs) −9.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of IPE Group Ltd
How large is the market capitalisation of IPE Group Ltd (0929)?
The market capitalisation of IPE Group Ltd is HK$516M (≈ $65.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IPE Group Ltd (0929)?
The price-to-sales ratio of IPE Group Ltd is 0.52 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of IPE Group Ltd (0929)?
The dividend yield of IPE Group Ltd is 5.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IPE Group Ltd (0929)?
The net margin of IPE Group Ltd is 1.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IPE Group Ltd (0929)?
The return on equity (ROE) of IPE Group Ltd is 1.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IPE Group Ltd (0929)?
On an EBIT basis the return on assets of IPE Group Ltd is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IPE Group Ltd (0929)?
The operating margin of IPE Group Ltd is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IPE Group Ltd (0929)?
Revenue at IPE Group Ltd is growing +28.6% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does IPE Group Ltd (0929) generate?
The free cash flow of IPE Group Ltd is −HK$10.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does IPE Group Ltd (0929) hold?
IPE Group Ltd holds more cash than debt, HK$260M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 12, 2026