olivLaw · US equity research
Global Engine Group Holding Limited GLE
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
Global Engine Group Holding is an ICT solutions provider based in Hong Kong, active in cloud services, data center management and technical consulting. The company listed on Nasdaq in September 2024, and its revenue in fiscal 2025 fell sharply, to 2.9 million USD, so the later course of the business is worth watching closely.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Global Engine Group Holding Limited (GLE) stock was 2.46 USD (−7.52% on the day), with market capitalisation 39.4 m USD, beta 0.22, 52-week range 2.28–6.67 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 33.1
- weak (30–45)
- Bollinger (20, 2)
- 1.61 – 4.86
- in the lower half of the band · %B 0.26 · band width 100.6%
- SMA 50 / 200
- 4.31 / 4.10
- mixed trend
- MACD (12, 26, 9)
- -0.54 / -0.53
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −39.9% | −5.9% | −33.9 pp | — |
| 3 months | −30.5% | −4.6% | −25.9 pp | — |
| 6 months | −55.2% | +0.2% | −55.4 pp | — |
| Year to date | −29.7% | +7.4% | −37.1 pp | — |
| 1 year | −59.5% | +8.2% | −67.7 pp | −15.8% |
| 3 years | unavailable | +68.4% | unavailable | −12.4% |
| 5 years | unavailable | +56.5% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | 6.3 m | 2.9 m | 2.8 m |
| Revenue YoY | unavailable | unavailable | unavailable | −53.6% | −4.7% |
| Net income | unavailable | unavailable | 332.4 k | -743.7 k | -2.0 m |
| Net income YoY | unavailable | unavailable | unavailable | −323.7% | unavailable |
| Diluted EPS | unavailable | unavailable | 0.02 | -0.04 | -1.08 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | −290.5% | unavailable |
| net % | unavailable | unavailable | 5.2% | -25.3% | -72.8% |
| Free cash flow | unavailable | unavailable | unavailable | -1.3 m | -1.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 2.4 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 6.9 m USD
- Total assets
- 9.5 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.11x
- ROE
- -27.2%
- ROA
- -21.6%
- FCF margin
- -69.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | — | 6.3 m | 2.9 m | 2.8 m | SEC (XBRL)· 29 Oct 2026verified |
| Cost of revenue | — | 5.4 m | 2.5 m | 2.4 m | SEC (XBRL)· 29 Oct 2026verified |
| Gross profit | — | 938.8 k | 463.9 k | 372.6 k | SEC (XBRL)· 29 Oct 2026verified |
| Operating income | — | 365.0 k | -905.5 k | -1.6 m | SEC (XBRL)· 29 Oct 2026verified |
| Depreciation & amortisation | — | — | 67.5 k | 79.4 k | SEC (XBRL)· 29 Oct 2026verified |
| EBITDA | — | — | -838.0 k ≈ | -1.5 m ≈ | SEC (XBRL)· 29 Oct 2026derived |
| Interest expense | — | 1.3 k | 235 | — | SEC (XBRL)· 21 Oct 2025verified |
| Pre-tax income | — | 370.4 k | -843.6 k | -1.9 m | SEC (XBRL)· 29 Oct 2026verified |
| Income tax | — | 38.0 k | -99.9 k | 94.5 k | SEC (XBRL)· 29 Oct 2026verified |
| Net income | — | 332.4 k | -743.7 k | -2.0 m | SEC (XBRL)· 29 Oct 2026verified |
| Diluted EPS | — | 0.02 | -0.04 | -1.08 | SEC (XBRL)· 29 Oct 2026verified |
| Weighted average diluted shares | 16.0 m | 1.6 m | 1.8 m | 1.9 m | SEC (XBRL)· 29 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2022 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | — | 1.1 m | 3.2 m | 2.4 m | SEC (XBRL)· 29 Oct 2026verified |
| Receivables | — | 2.2 m | 1.2 m | 2.2 m | SEC (XBRL)· 29 Oct 2026verified |
| Current assets | — | 3.3 m | 4.6 m | 5.4 m | SEC (XBRL)· 29 Oct 2026verified |
| Property, plant & equipment, net | — | 86.7 k | 187.5 k | 160.4 k | SEC (XBRL)· 29 Oct 2026verified |
| Goodwill | — | — | 778.0 k | 778.0 k | SEC (XBRL)· 29 Oct 2026verified |
| Intangibles (excl. goodwill) | — | — | 1.6 m | 1.3 m | SEC (XBRL)· 29 Oct 2026verified |
| Total assets | — | 4.1 m | 9.4 m | 9.5 m | SEC (XBRL)· 29 Oct 2026verified |
| Accounts payable | — | 1.6 m | — | — | SEC (XBRL)· 31 Oct 2024verified |
| Current liabilities | — | 2.3 m | 1.3 m | 2.6 m | SEC (XBRL)· 29 Oct 2026verified |
| Total liabilities | — | 2.3 m | 1.3 m | 2.6 m | SEC (XBRL)· 29 Oct 2026verified |
| Equity | — | 1.8 m † | 8.1 m † | 6.9 m † | SEC (XBRL)· 29 Oct 2026verified |
| Shares outstanding at year end | — | 16.0 m | — | — | SEC (XBRL)· 31 Oct 2024verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2022 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | — | 231 | -1.2 m | -1.9 m | SEC (XBRL)· 29 Oct 2026verified |
| Capex | — | — | 168.8 k | 52.2 k | SEC (XBRL)· 29 Oct 2026verified |
| Free cash flow | — | — | -1.3 m ≈ | -1.9 m ≈ | SEC (XBRL)· 29 Oct 2026derived |
| Investing cash flow | — | — | -4.8 m | -52.2 k | SEC (XBRL)· 29 Oct 2026verified |
| Financing cash flow | — | 276.6 k | 8.1 m | 1.1 m | SEC (XBRL)· 29 Oct 2026verified |
| Dividends paid | 1.5 m | — | — | — | SEC (XBRL)· 31 Oct 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 55.3% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 39.4 m USD
Key indicators
Coverage and freshness
Score by group
55% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 55.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 13.3% | 0 (on a fixed band) | 19% |
| EBIT margin · Quality | -57.9% | 19 (vs peers) | 15% |
| FCF margin · Quality | -69.2% | 0 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| Revenue growth (YoY) · Growth | -4.7% | 6 (vs peers) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.1x | 77 (on a fixed band) | 12% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -4.9% | 0 (on a fixed band) | 23% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial77/100 · 1/2 factors with a value
- Growth· partial6/100 · 1/2 factors with a value
- Quality6/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GLOBAL ENGINE GROUP HOLDING LIMITED (GLE). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 2.8 m USD in 2026; YoY growth -4.7%; net margin -72.8%; ROE -27.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 55.3% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.1x
What contradicts it
- Gross margin: 13.3%
- EBIT margin: -57.9%
- FCF margin: -69.2%
- Revenue growth (YoY): -4.7%
- FCF yield: -4.9%
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 121.2 bn | 28.1 | 77.0% | 20.1% | +6.7% | +20% / +34% |
| WDAYWorkday, Inc. | 44.0 bn | 40.6 | 16.0% | 12.3% | +13.1% | −7% / −26% |
| VRSKVerisk Analytics, Inc. | 27.1 bn | 32.1 | — | 27.7% | +6.6% | −6% / −12% |
| ATHMAutohome Inc. | 10.6 bn | 54.5 | 6.3% | 443.2% | +11.1% | −4% / −16% |
| APLDApplied Digital Corporation | 4.3 bn | — | -26.6% | -41.2% | +167.5% | −48% / +203% |
| FAFirst Advantage Corporation | 4.0 bn | 92.5 | 3.3% | 2.5% | +83.0% | +67% / +49% |
| FIRYFiry Inc. | 4.0 bn | — | -63.0% | -60.2% | +12.5% | +92% / +80% |
| LIFLife360, Inc. | 3.8 bn | 27.6 | 30.1% | 25.7% | +31.8% | −41% / unavailable |
| QBTSD-Wave Quantum Inc. | 3.3 bn | — | -28.0% | -2,001.6% | +178.5% | −60% / +1,004% |
| FIVNFive9, Inc. | 2.6 bn | 51.0 | 6.9% | 4.5% | +10.3% | +74% / −55% |
| RAMPLiveRamp Holdings, Inc. | 2.3 bn | 15.8 | 16.2% | 18.7% | +9.0% | +41% / +39% |
| EVTCEVERTEC, Inc. | 2.0 bn | 22.4 | 14.4% | 9.0% | +10.2% | +18% / −8% |
| INFQInfleqtion, Inc. | 1.7 bn | — | -70.8% | — | unavailable | unavailable / unavailable |
| CLVTClarivate PLC | 1.5 bn | — | -8.2% | -15.1% | −4.0% | −38% / −70% |
| INODInnodata Inc. | 1.3 bn | 28.2 | 35.4% | 13.8% | +47.6% | −33% / +471% |
| UPWKUpwork Inc. | 1.3 bn | 12.9 | 16.3% | 13.5% | +2.4% | −48% / −27% |
| LZLegalZoom.com, Inc. | 983.5 m | 48.4 | 12.1% | 2.6% | +10.9% | −36% / −48% |
| YEXTYext, Inc. | 757.2 m | 39.7 | 27.8% | 5.9% | +6.1% | −9% / +15% |
| NRDSNerdWallet, Inc. | 723.4 m | 14.7 | 14.4% | 6.1% | +21.7% | −24% / −3% |
| CARSCars.com, Inc. | 706.1 m | 18.1 | 9.3% | 5.9% | +0.6% | +17% / −27% |
| NXTTNext Technology Holding Inc. | 668.7 m | — | -59.4% | -2,356.0% | +545.3% | −99% / −100% |
| SOPHSOPHiA GENETICS SA | 453.4 m | — | -110.0% | -102.2% | +18.6% | +35% / +65% |
| SOHUSohu.com Limited | 355.1 m | 1.0 | 35.8% | 67.4% | −2.4% | −12% / +70% |
| EGHT8x8, Inc. | 328.3 m | 44.4 | 5.1% | 1.0% | +2.9% | +16% / −27% |
| TRAKRepositrak, Inc. | 125.8 m | 17.7 | 14.9% | 32.5% | +3.0% | −49% / −32% |
1- and 3-year price returns: for GLE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 21 Oct 2025; since then the company filed 6-K (03 Nov 2026), 20-F (29 Oct 2026), 6-K (06 Oct 2026), 6-K (11 Aug 2026), 6-K (01 Jun 2026), 6-K (06 May 2026).
In brief
Global Engine Group Holding is an ICT solutions provider based in Hong Kong, active in cloud services, data center management and technical consulting. The company listed on Nasdaq in September 2024, and its revenue in fiscal 2025 fell sharply, to 2.9 million USD 1, so the later course of the business is worth watching closely.
SWOT
Strengths
- The company offers an integrated range of ICT services, from consulting to data center management and technical projects.
- Recent acquisitions in Hong Kong expanded IT consultancy activity and added a stake in a data center.
- The Chairman and CEO controls most of the votes, which can allow rapid decisions at the top.
Weaknesses
- Revenue fell sharply in fiscal 2025 and operating income turned negative 1.
- The company depends on a small number of customers and vendors, and losing one could have a major effect.
- Operations are concentrated in Hong Kong, exposing the company to specific local risks.
Opportunities
- Growth in consultancy projects in Hong Kong could support revenue if demand continues.
- The stake in the Tsing Yi data center could open opportunities in colocation and cloud services.
- If demand for cloud services recovers, the company could regain part of the lost business.
Threats
- Policy and regulatory changes in Hong Kong and China could affect operations and investor access.
- Competition and price pressure could reduce margins in IT services.
- Rising labor costs could limit profitability if they cannot be passed on to customers.
Risks
- Dependence on customers and vendorshigh
The report shows that a limited number of customers and vendors account for an important part of the business, and losing some of them could seriously affect results.
- Revenue volatilityhigh
Revenue and cash flows are likely to fluctuate, as the sharp decline in fiscal 2025 shows.
- Policy risk in Hong Kong and Chinahigh
The company states that the Chinese government may intervene in operations in Hong Kong, which could limit operations or the value of the shares.
- Concentrated voting controlmedium
Management controls most of the votes, and its interests may not align with those of other shareholders.
- Customer credit riskmedium
The company is exposed to late payments or non-payment by customers, which could lead to bad debt losses.
Investment thesis
What would need to be true (bull case)
- If consultancy projects in Hong Kong keep growing, revenue could gradually return to a more stable level.
- The recent acquisitions could bring synergies and assets useful for data center services.
- If cloud demand recovers, the company could benefit from its regional experience.
What would break the thesis
- The sharp revenue decline and operating loss of fiscal 2025 could continue if demand stays weak.
- Dependence on a few customers could expose the company to sudden revenue losses.
- Political and regulatory risks in Hong Kong could limit operations and the value of the investment.
What to watch
- Development of revenue from cloud and data center servicesnext 10-K
- New contracts with major customers and their stability2027
- Trend in gross margin and general and administrative expensesQ1 2027
- Integration of the Hong Kong acquisitions and results of the Corpotech stake2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 21 Oct 2025; since then the company filed 6-K (03 Nov 2026), 20-F (29 Oct 2026), 6-K (06 Oct 2026), 6-K (11 Aug 2026), 6-K (01 Jun 2026), 6-K (06 May 2026).
The business
Global Engine Group Holding Limited is a holding company incorporated in the British Virgin Islands that conducts its operations through its Hong Kong subsidiaries Global Engine Limited and Ace Vision Technology Limited 1. The company presents itself as an integrated solutions provider that uses ICT technologies to deliver business outcomes and innovation for organizations 1. According to the annual report, the group offers ICT solution services, technical services and project management services, with headquarters in Hong Kong 1.
The company states that, as of the report date, no dividends had been paid or declared and that it intends to retain available funds 1. Operations are concentrated almost entirely in Hong Kong, and the company states it has no operations and does not intend to set up entities in mainland China 1.
Segments
Cloud services and data center managed services
This segment covers planning, development and consulting for cloud and data center providers in the region, as well as installations, warranty services and managed network services 1. Revenue from this segment fell to 1.8 million USD in fiscal 2025, due to lower activity in Malaysia and Taiwan 1.
Market context
The company operates in the ICT and cloud services market in Hong Kong and the wider region, where demand depends on capital market activity, mergers and acquisitions and general economic conditions 1. The 53.3% drop in revenue shows that cloud projects can be volatile from one year to the next 1.
The company notes that demand for its services could decline if the legal framework changes, economic conditions weaken or geopolitical tensions rise 1. Competition and margin pressure are important factors in this sector 1.
Trends
- Volatile demand for cloud projectsheadwind
The report shows a sharp decline in revenue from cloud services and data center services in fiscal 2025, linked to fewer projects 1. If this trend persists, revenue could remain below its earlier level.
- Growth in Hong Kong consultancytailwind
Telecommunication and consultancy revenue rose in fiscal 2025, thanks to more consultancy projects in Hong Kong 1. This area could support the revenue base if projects continue.
- Higher administrative costsheadwind
General and administrative expenses rose significantly in fiscal 2025, driven by salaries, legal and professional fees and amortization 1. If these costs remain high, they could reduce profitability.
- Rising labor costs in Hong Kongmixed
The report notes that increases in labor costs in Hong Kong may adversely affect business and results 1. The effect depends on the company's ability to pass costs on to customers.
Competitive position
The report does not name specific competitors, but states that failing to compete effectively may lead to missed opportunities and loss of existing customers 1. The company also relies on a limited number of vendors, which can affect its competitiveness 1.
The company's differentiation rests on its reputation, qualified staff and ability to innovate solutions that match changing demand 1. If reputation or innovation is affected, its competitive position could weaken 1.
- Unnamed cloud and data center providers in the region
The source names cloud and data center providers as its target customers rather than as competitors.
- Unnamed IT consultancy firms
IT consultancy in Hong Kong is competitive, but the source does not name specific companies.
- Unnamed network infrastructure providers
The company also delivers fixed and mobile network services, where competition comes from local providers.
- Unnamed data center colocation providers
The company offers data center colocation, an area where competition is not identified in the source.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)03 Nov 2026
- Annual report (foreign issuer)29 Oct 2026
- Current report (foreign issuer)06 Oct 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)01 Jun 2026
- Current report (foreign issuer)06 May 2026
- Current report (foreign issuer)30 Apr 2026
- Current report (foreign issuer)31 Oct 2025
- Annual report (foreign issuer)21 Oct 2025
- Current report (foreign issuer)07 Aug 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-06-30 · SEC / Global Engine Group Holding Limited · 21 Oct 2025
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.