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Starcoin Group Limited

0399.HK
10
Household & Personal Products · Consumer Defensive
Price
HK$0.07
+0.02 (+32.73%)
Market Cap
HK$164.9M
Exchange
Hong Kong Stock Exchange
Winston Score
10
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 9, 2026 · filings through Sep 30, 2025

Share count rising — dilution

+18.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.46B (2021) → 1.73B (2025)

Innovative Pharmaceutical Biotech Ltd is a pharmaceutical and biotechnology company based in Asia that develops and sells medicines and health-related products. The company focuses on drug research, development, and commercialization, serving patients and healthcare providers across its core markets. It operates in an industry where turning scientific research into approved treatments is the central challenge.

The company earns revenue by selling pharmaceutical products and potentially through licensing agreements or partnerships with other drug makers. Its operations are primarily concentrated in Asian markets, which gives it exposure to large and growing patient populations. The main risk the business faces is the high cost and uncertainty of drug development — clinical trials can fail, regulatory approvals can be delayed, and competition from larger pharmaceutical companies with deeper resources can limit market share. Investors should watch how its pipeline of drug candidates progresses through development stages.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-165.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-339.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$2M/ year

Rising (+47% vs prior year)

99.9% of revenue

Investing heavily in future products and technology

Cash Runway

~1 months

$4M cash & investments

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Starcoin Group Limited is putting 100% of revenue into R&D and that number is rising.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
13.9%
Thin — 13.9% gross margin
Operating Margin
-499.1%
Losing money on operations — -499.1%
ROCE
-5.2%
Weak — -5.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-49.2%
Shrinking sales (-49.2% YoY)
EPS YoY
-111.0%
Earnings shrinking (-111.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
111.2%
Converts sales into free cash efficiently (111.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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