Quality Investor

ICZOOM Group Inc.

Rank #412Value

IZM · Nasdaq · Technology

ICZOOM Group Inc. (IZM) — Rank #412 by gross profitability (GP/assets 0.15) · ROE 7.7% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001854572 · all metrics point-in-time as of the filing date.

About

ICZOOM Group Inc., together with its subsidiaries, sells electronic component products through its e-commerce trading platform in the People's Republic of China.

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The company provides semiconductor products, including various integrated circuits, discretes, passive components, and optoelectronics; and equipment, tools, and other electronic component products comprising various electromechanical, maintenance, repair and operation, and various design tools. Its products are used by small and medium-sized enterprises in the consumer electronics industry, Internet of Things, automotive electronics, and industry control segments. The company sells its products through its online platform. It also offers customs clearance, temporary warehousing, logistics, and shipping services. The company was formerly known as Horizon Business Intelligence Co., Limited and changed its name to ICZOOM Group Inc. in May 2018. ICZOOM Group Inc.

was founded in 2012 and is headquartered in Shenzhen, the People's Republic of China.

Industry
Electronics & Computer Distribution
Sector
Technology
State
E9
Filer Category
Non-accelerated filerEmerging growth company

Price History

IZM-93.5% · -54.4% CAGRSPY+105.3% · +23.0% CAGR

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

$14.24M

P/E (annual)

11.8

P/S (annual)

0.1

P/B

0.9

P/OCF (annual)

5.2

Shareholder Yield

-4.2%

Employees

97

Industry

Electronics & Computer Distribution

Exchange

Nasdaq

Signal Flags

1 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.15
Return on equity
7.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.67
Current ratio
1.58×
Net cash
$6.88M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.3%

Growth

1/2 pass
Revenue growth
5.1%
Piotroski F-Score
6 / 9
Share dilution
4.2%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-12.0%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 4.2% — per-share value needs a total required return of -7.7% once share-count change is priced in.

vs. own 6-year median revenue growth: -21.6%

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-15.0%

r = 10% (base)

-12.0%

r = 12%

-9.3%

Net debt / market cap: -50.2%

Base FCF: $2.7M3Y mean FCF: $288.3K

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

19.7xCheap
19.7xmed 31.2x46.8x

P / S

Price / revenue per share

0.1xCheap
0.1xmed 0.2x0.4x

P / B

Price / book value per share

1.5xCheap
1.5xmed 3.5x7.7x

P / GP

Price / gross profit per share

3.7xCheap
3.7xmed 7.5x15.8x

P / FCF

Price / free cash flow per share

8.4xCheap
8.4xmed 11.8x691.8x

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.15

Primary signal (Novy-Marx).

Return on equity

7.7%

Gross margin

3.3%

Revenue growth (YoY)

5.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-13.6%

Revenue CAGR (5Y)

Earnings CAGR (3Y)

-22.5%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.67

Current ratio

1.58×

Quick ratio

1.40×

Net cash

$6.88M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$2.71M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.27

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.3%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20222025
Decline
Value