Plover Bay Technologies Limited logo

Plover Bay Technologies Limited

1523.HK

HKSETechnologyCommunication Equipment

Latest quote

HK$7.34

+HK$0.015 · +0.20%

Aug 24, 4:08 PM HKT

1523.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Plover Bay Technologies Limited functions as an investment holding company with a global presence, primarily engaged in the creation, production, promotion, and distribution of software-defined wide area network (SD-WAN) routers. The company additionally offers software licensing, comprehensive warranties, and ongoing support services for its products. These offerings are marketed and distributed under the distinct Peplink and Pepwave brands. Furthermore, the group maintains involvement in the property holding sector. Plover Bay Technologies Limited was established in 2006 and its principal offices are located in Lai Chi Kok, Hong Kong.

Industry
Communication Equipment
Sector
Technology
Headquarters
HK
CEO
Kit Wai Chau
Listed since
Jul 13, 2016
Employees
216

Market position

Day range

Current HK$7.34

52-week range

Current HK$7.34

Open
HK$7.365
Previous close
HK$7.325
Volume
417.88K
0.36× average
Average volume
1.15M
Average daily volume
Market cap
8.12B HKD
Beta
0.65
Market reference 1
50-day average
HK$8.067
-9.01% below average
200-day average
HK$7.5686
-3.02% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
19.89×
P/B (TTM)
18.52×
P/S (TTM)
7.32×
Dividend yield
5.16%

Profitability & efficiency

Gross margin
57.52%
Operating margin
41.98%
Net margin
36.33%

Financial health

Debt / equity
0.13×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%49%36%23%Gross margin, FY2021: 58.22%Gross margin, FY2022: 53.61%Gross margin, FY2023: 54.01%Gross margin, FY2024: 54.93%Gross margin, FY2025: 56.95%Operating margin, FY2021: 33.44%Operating margin, FY2022: 30.48%Operating margin, FY2023: 33.88%Operating margin, FY2024: 37.30%Operating margin, FY2025: 39.96%Net margin, FY2021: 28.60%Net margin, FY2022: 26.12%Net margin, FY2023: 29.81%Net margin, FY2024: 32.58%Net margin, FY2025: 34.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 58.22%. Gross margin FY2022 53.61%. Gross margin FY2023 54.01%. Gross margin FY2024 54.93%. Gross margin FY2025 56.95%. Operating margin FY2021 33.44%. Operating margin FY2022 30.48%. Operating margin FY2023 33.88%. Operating margin FY2024 37.30%. Operating margin FY2025 39.96%. Net margin FY2021 28.60%. Net margin FY2022 26.12%. Net margin FY2023 29.81%. Net margin FY2024 32.58%. Net margin FY2025 34.94%.

Income trends

Revenue

130.14M HKD+11.43%

Operating income

52.01M HKD+19.39%

Net income

45.47M HKD+19.50%
Income trends across reported periods141.04M HKD97.46M HKD53.88M HKD10.31M HKDRevenue, FY2021: 74.13M HKDRevenue, FY2022: 86.76M HKDRevenue, FY2023: 94.26M HKDRevenue, FY2024: 116.79M HKDRevenue, FY2025: 130.14M HKDOperating income, FY2021: 24.79M HKDOperating income, FY2022: 26.44M HKDOperating income, FY2023: 31.94M HKDOperating income, FY2024: 43.56M HKDOperating income, FY2025: 52.01M HKDNet income, FY2021: 21.2M HKDNet income, FY2022: 22.66M HKDNet income, FY2023: 28.1M HKDNet income, FY2024: 38.05M HKDNet income, FY2025: 45.47M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 74.13M HKD. Revenue FY2022 86.76M HKD. Revenue FY2023 94.26M HKD. Revenue FY2024 116.79M HKD. Revenue FY2025 130.14M HKD. Operating income FY2021 24.79M HKD. Operating income FY2022 26.44M HKD. Operating income FY2023 31.94M HKD. Operating income FY2024 43.56M HKD. Operating income FY2025 52.01M HKD. Net income FY2021 21.2M HKD. Net income FY2022 22.66M HKD. Net income FY2023 28.1M HKD. Net income FY2024 38.05M HKD. Net income FY2025 45.47M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue130.14M HKD116.79M HKD94.26M HKD86.76M HKD74.13M HKD
Cost of goods sold56.02M HKD52.64M HKD43.35M HKD40.25M HKD30.97M HKD
Gross profit74.12M HKD64.15M HKD50.91M HKD46.51M HKD43.16M HKD
Research and development10.01M HKD8.5M HKD8.41M HKD8.79M HKD8.66M HKD
Selling, general, and administrative12.11M HKD12.09M HKD10.57M HKD11.27M HKD9.71M HKD
Operating expenses22.12M HKD20.59M HKD18.98M HKD20.07M HKD18.37M HKD
Interest income1.73M HKD2.02M HKD946K HKD104K HKD30K HKD
Interest expense257K HKD288K HKD349K HKD244K HKD49K HKD
Depreciation and amortization1.47M HKD3.25M HKD1.51M HKD2.81M HKD2.43M HKD
Operating income52.01M HKD43.56M HKD31.94M HKD26.44M HKD24.79M HKD
Net income45.47M HKD38.05M HKD28.1M HKD22.66M HKD21.2M HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 2 misses, 0 met estimates
Average EPS surprise
-44.52%
2 comparable reports
Latest EPS result
0.2

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.240.180.130.07Q1 '23MissQ3 '23No estimateQ2 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Feb 23, 2023: actual 0.087, estimate 0.156, surprise -44.02%, Miss. Q3 2023, reported Jul 27, 2023: actual 0.087, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 26, 2024: actual 0.112, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Jul 25, 2024: actual 0.136, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 27, 2025: actual 0.134, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 0.154, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 26, 2026: actual 0.168, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 0.197, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates941.48M729.01M516.53M304.05MQ1 '23MissQ3 '23No estimateQ2 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25BeatQ1 '26BeatQ3 '26Beat
Q1 2023, reported Feb 23, 2023: actual 363.94M HKD, estimate 568.47M HKD, surprise -35.98%, Miss. Q3 2023, reported Jul 27, 2023: actual 348.01M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 26, 2024: actual 387.53M HKD, estimate 897.52M HKD, surprise -56.82%, Miss. Q3 2024, reported Jul 25, 2024: actual 447.33M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 27, 2025: actual 458.81M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 494.1M HKD, estimate 494.07M HKD, surprise +0.01%, Beat. Q1 2026, reported Feb 26, 2026: actual 525.22M HKD, estimate 523.01M HKD, surprise +0.42%, Beat. Q3 2026, reported Jul 30, 2026: actual 584.74M HKD, estimate 583.65M HKD, surprise +0.19%, Beat.

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