1. Hong Kong Stocks

  2. •

    Electronic technology

  3. •

    Computer peripherals
Plover Bay Technologies Ltd.

Plover Bay Technologies Ltd.

7.59
HKD
-0.10
(-1.37%)
8.79BMarket Cap
Feb 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.01
0.02
0.02
0.03
0.04
0.04
0.04
0.05
0.07
0.08
0.09
0.11
0.12
- -
Basic EPS, GAAP
- -
- -
- -
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.03
0.03
0.04
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.02
0.01
0.01
0.02
0.01
0.03
0.05
0.05
- -
Dividend per Share
- -
- -
- -
- -
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.03
0.04
- -
Book Value per Share
0.01
0.01
0.01
0.02
0.03
0.03
0.03
0.03
0.04
0.04
0.05
0.05
0.05
0.05
Tangible Book Value per Share
0.01
0.01
0.01
0.02
0.03
0.03
0.03
0.03
0.04
0.04
0.04
0.05
0.05
0.05
Basic Weighted Avg Shares
1,000
1,000
1,000
867
1,005
1,020
1,037
1,058
1,081
1,094
1,099
1,101
1,103
1,105
Sales/Revenue/Turnover
13
18
22
28
37
42
46
53
74
87
94
117
130
- -
Operating Margin (%)
22.39
23.18
18.63
23.25
27.45
28.58
29.63
29.3
33.44
30.48
33.98
37.3
39.96
- -
Depreciation Expense
- -
- -
- -
- -
1
1
2
2
2
3
3
3
3
- -
Net Income, GAAP
3
4
3
5
9
11
12
14
21
23
28
38
45
- -
Effective Tax Rate (%)
14.75
12.65
18.91
21.5
17.64
13.04
13.61
11.3
14.26
14.11
14.72
16.06
16.33
- -
Profit Margin (%)
19.28
20.86
15.36
18.48
23.58
25.4
26.33
26.94
28.6
26.12
29.81
32.58
34.94
- -
Working Capital
7
7
7
24
27
31
32
34
40
43
51
64
68
67
LT Debt
1
- -
- -
- -
- -
- -
1
- -
1
1
2
1
1
1
Total Equity
7
7
7
24
29
33
34
36
40
43
50
56
59
56
Return on Invested Capital (%)
- -
50.49
40.97
30.13
30.47
31.79
32.51
33.47
44.61
41.95
47.89
57.58
61.53
- -
Return on Capital (%)
- -
52.53
43.43
31.95
31.76
32.91
34.47
37.13
48.59
46.15
53.22
62.72
71.21
- -
Return on Common Equity (%)
- -
56.83
48.97
33.42
33.04
34.55
36.18
40.69
55.85
54.36
60.1
71.43
78.91
- -

Capital Structure

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
4
1
6
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,103
1,105
1,106
Market Capitalization
815
849
1,122

Working Capital

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
102
113
118
Cash, Cash Equivalents & STI
56
65
53
Accounts Receivable, Net
26
23
26
Inventories
14
18
27
Total Current Liabilities
40
46
50
Payables & Accruals
- -
- -
- -
ST Debt
4
1
6
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.52%
10.53%
4.68%
Free Cash Flow
270.97%
36.48%
-5.77%
Net Income, GAAP
31.08%
26.95%
19.5%
Sales/Revenue/Turnover
19.95%
20.27%
11.43%
Total Cash Common Dividend
33.49%
26.12%
35.53%

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
117
2025
- -
- -
130
2026
- -
- -
- -

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.04
2026
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.04
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kit Wai Chau
Full Time Employees
206
Sector
Electronic technology
Industry
Computer peripherals
Address
Dragon Industrial Building Hong Kong Hong Kong
IPO Date
Jul 13, 2016
Website
ploverbay.com
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Business
Plover Bay Technologies Limited Plover Bay Technologies Limited (1523:HKG), an investment holding company founded in 2006 and headquartered in Hong Kong, researches, designs, develops, and markets software-defined wide area network (SD-WAN) routers under the Peplink brand; offers wired and wireless routers bundled with embedded software and firmware, including enterprise LTE/5G routers such as BR2 Pro, Mobility 82G, and MAX BR1 Mini; provides supporting products like network switches, wireless antennas, and access points; and delivers software licenses, warranty, support services, cloud-based management platforms, and SpeedFusion VPN technology for bonding multiple connections to ensure unbreakable, low-latency connectivity. The company serves enterprise customers including multinational corporations, public safety organizations, healthcare providers, government agencies, maritime operators, and industries such as retail, industrial IoT, transportation, and smart cities; targets mobile-first, fixed network, and emerging markets like energy and remote connectivity; and operates globally across North America, Europe (including UK, France, Lithuania), Middle East, Africa, Asia (Hong Kong, Taiwan, Malaysia, Singapore, Indonesia), and other regions. Recent developments include Peplink becoming Starlink's first authorized technology provider in January 2024 to bundle SD-WAN solutions with satellite terminals for enhanced reliability in cruise ships and remote deployments; a strategic partnership with Iridium announced in May 2025 to deliver companion backup solutions combining cellular and satellite connectivity; strong revenue growth in fiscal 2024 with mobile-first products up 34% year-over-year driven by the Starlink collaboration; and the release of 2025 interim results in July 2025 reflecting continued expansion in recurring revenues and niche markets.