ICO Group (HKSE:01460) Enterprise Value: HK$22 Mil (As of Aug. 09, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01460 ICO Group Ltd HKSE:01460
63 GF Score
Price HK$0.24
GF Value HK$0.25
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is ICO Group Enterprise Value?

ICO Group HKSE:01460 +1.28% 63 Enterprise Value is HK$22 Mil as of Aug. 09, 2026. GuruFocus rates HKSE:01460 with a GF Score™ of 63/100 and a GF Value™ of HK$0.25 (Fairly Valued). The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, ICO Group's Enterprise Value is HK$22 Mil. ICO Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$53 Mil. Therefore, ICO Group's EV-to-EBIT ratio for today is 0.41.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, ICO Group's Enterprise Value is HK$22 Mil. ICO Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$53 Mil. Therefore, ICO Group's EV-to-EBITDA ratio for today is 0.41.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, ICO Group's Enterprise Value is HK$22 Mil. ICO Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$1,194 Mil. Therefore, ICO Group's EV-to-Revenue ratio for today is 0.02.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, ICO Group's Enterprise Value is HK$22 Mil. ICO Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-44 Mil. Therefore, ICO Group's EV-to-OCF ratio for today is -0.49.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, ICO Group's Enterprise Value is HK$22 Mil. ICO Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-45 Mil. Therefore, ICO Group's EV-to-FCF ratio for today is -0.48.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


ICO Group  (HKSE:01460) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

ICO Group's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=21.521/52.849
=0.41

ICO Group's current Enterprise Value is HK$22 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. ICO Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$53 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

ICO Group's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=21.521/52.849
=0.41

ICO Group's current Enterprise Value is HK$22 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. ICO Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$53 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

ICO Group's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=21.521/1194.04
=0.02

ICO Group's current Enterprise Value is HK$22 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. ICO Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$1,194 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

ICO Group's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=21.521/-44.219
=-0.49

ICO Group's current Enterprise Value is HK$22 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. ICO Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-44 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

ICO Group's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=21.521/-45.107
=-0.48

ICO Group's current Enterprise Value is HK$22 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. ICO Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-45 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ICO Group Enterprise Value Related Terms


ICO Group Enterprise Value Historical Data

* Premium members only.

The historical data trend for ICO Group's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ICO Group Enterprise Value Chart

ICO Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 180.36 61.80 -54.19 -101.83 -3.05

ICO Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -54.19 -78.32 -101.83 135.90 -3.05

HKSE:01460 vs IBM, ACN, FISV: Enterprise Value Comparison

For the Information Technology Services subindustry, ICO Group's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ICO Group Enterprise Value vs Software Industry

For the Software industry and Technology sector, ICO Group's Enterprise Value distribution charts can be found below:

* The bar in red indicates where ICO Group's Enterprise Value falls into.


HKSE:01460
63GF Score
ICO Group Ltd HKSE:01460
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ICO Group Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

ICO Group's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as

ICO Group's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of HK$22 Mil mean?
ICO Group (HKSE:01460) has a Enterprise Value of HK$22 Mil as of Aug. 09, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on ICO Group and its competitors.
Is ICO Group's Enterprise Value too high?
ICO Group's current Enterprise Value is HK$22 Mil. Overall, ICO Group has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICO Group's Enterprise Value compare to IBM and ACN?
ICO Group's Enterprise Value of HK$22 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Software company?
A good Enterprise Value depends on the Software industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on ICO Group and its competitors. ICO Group's current Enterprise Value is HK$22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICO Group stock overvalued right now?
Based on GuruFocus' analysis, ICO Group (HKSE:01460) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.24 — trading 5.2% below its estimated fair value. The current Enterprise Value is HK$22 Mil. ICO Group's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For ICO Group (HKSE:01460), the current Enterprise Value is HK$22 Mil as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ICO Group (HKSE:01460) Overvalued in 2026?

Based on GuruFocus' analysis, ICO Group stock appears to be undervalued. The current stock price of HK$0.24 is trading 5.2% below its estimated GF Value™ of HK$0.25. GuruFocus considers ICO Group to be Fairly Valued.

Key valuation signals for HKSE:01460:

  • Enterprise Value: HK$22 Mil
  • GF Value™: HK$0.25 vs. price of HK$0.24 (5.2% below fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the HKSE:01460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ICO Group Business Description

Address No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG
ICO Group Ltd, along with its subsidiaries, is engaged in the provision of Information technology (IT) solutions and services. The business activity of the group functions through IT application and solution development, IT infrastructure solutions, IT secondment services, IT maintenance and support services, and Property leasing reportable business segments. The group derives a majority of its revenue from the IT Infrastructure solutions segment, which provides design and implementation of IT application solution services and procurement of third-party hardware and software. Geographically, it generates maximum revenue from Hong Kong, and the rest from Malaysia.
63GF Score

Get the complete analysis for HKSE:01460

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.24
Price
HK$0.25
GF Value