Friday 6 November 2026
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Intchains Group Limited Unsponsored ADR
ICG Technology Computer Hardware
Intchains Group Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $31.6 million, down 18.2% from fiscal 2024.
- Revenue
- −38.0%
- EPS
- −1,100.0%
- Free cash flow
- +49.5%
Quarter to June 2026, against a year earlier
1.43
0.05
+3.62%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 5 | 8 | 98 | 69 | 12 | 39 | 32 | 32 | +35.1% | 11 | 59 | — | +36.5% | |
| Gross margin, % | — | — | — | 16.28 | 56.62 | 81.88 | 81.63 | 11.04 | 53.70 | 7.23 | 7.23 | (9.0) pt | ||||||
| EBT | — | — | — | 0 | 1 | 70 | 53 | (5) | 7 | (12) | (12) | +76.8% | ||||||
| EBT margin, % | — | — | — | (7.57) | 15.10 | 71.24 | 77.48 | (43.25) | 17.80 | (37.97) | (37.97) | (30.4) pt | ||||||
| Net income | — | — | — | 0 | 1 | 0 | 51 | (4) | 7 | (7) | 27 | +58.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.19 | 0.29 | 1.94 | 1.17 | 0.19 | 0.64 | 0.52 | 0.52 | +18.3% | |||||
| Earnings | — | — | — | — | — | — | 0.88 | (0.06) | 0.12 | (0.12) | (0.12) | n/m | ||||||
| Cash flow | — | — | — | (0.03) | 0.08 | 1.22 | 0.81 | (0.01) | (0.32) | (0.22) | 0.00 | +37.5% | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | (0.01) | (0.12) | (0.18) | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | (0.03) | 0.08 | 1.22 | 0.80 | (0.13) | (0.49) | (0.22) | 0.00 | +37.7% | ||||||
| Book value | — | — | — | 0.00 | 0.19 | 1.80 | 2.30 | 2.24 | 2.31 | 2.31 | 0.00 | n/m | ||||||
| Shares, m | — | — | — | 27 | 27 | 50 | 59 | 60 | 60 | 60 | 60 | +14.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 14.50 | 14.50 | 14.50 | 14.50 | 0.00 | 28.09 | 0.00 | 0.00 | 12.3 | |||||
| P/S | — | — | — | 9.80 | 9.80 | 9.80 | 9.80 | 69.02 | 5.13 | 3.43 | 2.60 | 16.7 | ||||||
| P/B | — | — | — | 3.48 | 3.48 | 3.48 | 3.48 | 5.97 | 1.43 | 0.78 | 0.67 | 3.2 | ||||||
| EV/Sales | — | — | — | 7.65 | 7.65 | 7.65 | 7.65 | 60.42 | 3.28 | 1.22 | 0.46 | 13.6 | ||||||
| EV/FCF | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.60 | (0.76) | (0.31) | 0.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (1) | 2 | 61 | 47 | (1) | (19) | (13) | (36) | +57.1% | |||||
| Capex | — | — | — | 0 | 0 | 0 | (1) | (7) | (11) | 0 | (11) | +32.1% | ||||||
| Free cash flow | — | — | — | (1) | 2 | 61 | 47 | (8) | (30) | (13) | (47) | +57.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 5 | 90 | 118 | 108 | 88 | 80 | 76 | +73.2% | |||||
| Net debt | — | — | — | — | (3) | (79) | (103) | (100) | (71) | (70) | (68) | +88.1% | ||||||
| Shareholders’ equity | — | — | — | — | 5 | 91 | 135 | 134 | 139 | 140 | 122 | +92.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 0.00 | 2,079.54 | 71.08 | (2.74) | 4.91 | (4.61) | 0.00 | (4.6) pt | |||||
| ROIC | — | — | — | — | 0.00 | 0.00 | 90.99 | (16.73) | 0.37 | (13.41) | 0.00 | (13.4) pt | ||||||
| ROE | — | — | — | 0.00 | 0.00 | 145.44 | 45.55 | (2.81) | 5.17 | (4.88) | 0.00 | (4.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 94 | 101 | 133 | 133 | 127 | — | +7.8% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 1.04 | 0.68 | 0.09 | 0.29 | 0.25 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Dec 2025 · fundamentals updated 26 Oct 2026
Intchains Group Limited Unsponsored ADR vs peers in Computer Hardware (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| YIBO Planet Image International Limited | $63.4M | — | — | — | — | −222.46% (below 0%: shrinking) | — | — | Compare |
| QTEX QTREX Quantum Ltd. | $62.2M | — (loss-making) | 12.2× | — | n/m | −1,872.62% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| TACT TransAct Technologies Incorporated | $52.0M | — (loss-making) | — (loss-making) | +1.09% (above 0%: growing) | n/m | −83.08% (below 0%: shrinking) | 50.20% | (0.39%) | Compare |
| ICG Intchains Group Limited Unsponsored ADR | $39.6M | — (loss-making) | — (loss-making) | −38.03% (below 0%: shrinking) | n/m | +49.54% (above 0%: growing) | (137.17%) | (198.09%) | |
| AMCI AMC Robotics Corporation | $26.3M | — (loss-making) | — | −47.72% (below 0%: shrinking) | n/m | −330.92% (below 0%: shrinking) | 80.09% | (16.70%) | Compare |
| UAVS AGEAGLE AERIAL SYSTEMS, INC. | $19.5M | — (loss-making) | — (loss-making) | −36.01% (below 0%: shrinking) | n/m | −127.23% (below 0%: shrinking) | 50.63% | (208.70%) | Compare |
| VTIX Virtuix Holdings Inc. | $17.7M | — (loss-making) | — (loss-making) | — | n/m | +51.43% (above 0%: growing) | 29.61% | (508.54%) | Compare |
| FFR FF EAI Robotics Ecosystem Inc. | $17.5M | — (loss-making) | — (loss-making) | +13.74% (above 0%: growing) | n/m | −239.11% (below 0%: shrinking) | 37.52% | 0.00% | Compare |
| KTCC Key Tronic Corporation | $14.4M | — (loss-making) | — | −7.66% (below 0%: shrinking) | n/m | −205.63% (below 0%: shrinking) | 7.78% | (3.56%) | Compare |
| Median of peers | $22.9M | — | — | −7.66% | — | −214.04% | 37.52% | (3.56%) |