| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
2623 Stock Overview
Add New Energy Investment Holdings Group Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ores in the People's Republic of China.
Add New Energy Investment Holdings Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$0.095 |
| 52 Week High | HK$0.24 |
| 52 Week Low | HK$0.081 |
| Beta | 1.45 |
| 1 Month Change | -2.06% |
| 3 Month Change | 3.26% |
| 1 Year Change | -60.42% |
| 3 Year Change | -5.00% |
| 5 Year Change | 2.15% |
| Change since IPO | -61.38% |
Recent News & Updates
Does Add New Energy Investment Holdings Group (HKG:2623) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Here's Why Add New Energy Investment Holdings Group (HKG:2623) Has A Meaningful Debt Burden
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Returns On Capital Are Showing Encouraging Signs At Add New Energy Investment Holdings Group (HKG:2623)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Shareholder Returns
| 2623 | HK Metals and Mining | HK Market | |
|---|---|---|---|
| 7D | -4.0% | -3.1% | 3.1% |
| 1Y | -60.4% | -17.9% | -21.2% |
Return vs Industry: 2623 underperformed the Hong Kong Metals and Mining industry which returned -14.6% over the past year.
Return vs Market: 2623 underperformed the Hong Kong Market which returned -20.1% over the past year.
Price Volatility
| 2623 volatility | |
|---|---|
| 2623 Average Weekly Movement | 11.6% |
| Metals and Mining Industry Average Movement | 6.7% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in HK Market | 13.7% |
| 10% least volatile stocks in HK Market | 3.3% |
Stable Share Price: 2623 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: 2623's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 152 | Guohua Geng | https://www.addnewenergy.com.hk |
Add New Energy Investment Holdings Group Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ores in the People's Republic of China. It primarily produces and sells iron and titanium concentrates to iron pellets and steel producers. The company’s mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Luxing Titanium, and Qinjiazhuang Ilmenite Mine.
Add New Energy Investment Holdings Group Fundamentals Summary
| 2623 fundamental statistics | |
|---|---|
| Market Cap | CN¥426.60m |
| Earnings (TTM) | -CN¥30.06m |
| Revenue (TTM) | CN¥1.63b |
0.3x
P/S Ratio-14.2x
P/E RatioIs 2623 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2623 income statement (TTM) | |
|---|---|
| Revenue | CN¥1.63b |
| Cost of Revenue | CN¥1.60b |
| Gross Profit | CN¥29.61m |
| Other Expenses | CN¥59.67m |
| Earnings | -CN¥30.06m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.0057 |
| Gross Margin | 1.81% |
| Net Profit Margin | -1.84% |
| Debt/Equity Ratio | 62.9% |
How did 2623 perform over the long term?
See historical performance and comparisonValuation
Is 2623 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2623?
Other financial metrics that can be useful for relative valuation.
| What is 2623's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥426.60m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.3x |
| Enterprise Value/EBITDA | -41.8x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 2623's PS Ratio compare to its peers?
| 2623 PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.2x | ||
1266 Xiwang Special Steel | 0.02x | n/a | HK$544.9m |
1203 GDH Guangnan (Holdings) | 0.1x | n/a | HK$608.1m |
1553 Maike Tube Industry Holdings | 0.3x | n/a | HK$590.0m |
103 Shougang Century Holdings | 0.2x | n/a | HK$502.7m |
2623 Add New Energy Investment Holdings Group | 0.3x | n/a | HK$499.1m |
Price-To-Sales vs Peers: 2623 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.2x).
Price to Earnings Ratio vs Industry
How does 2623's PE Ratio compare vs other companies in the HK Metals and Mining Industry?
Price-To-Sales vs Industry: 2623 is good value based on its Price-To-Sales Ratio (0.3x) compared to the Hong Kong Metals and Mining industry average (0.4x)
Price to Sales Ratio vs Fair Ratio
What is 2623's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.3x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2623's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2623 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2623 (HK$0.1) is trading below our estimate of fair value (HK$2.07)
Significantly Below Fair Value: 2623 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2623's PEG Ratio to determine if it is good value.
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Future Growth
How is Add New Energy Investment Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
8.0%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Add New Energy Investment Holdings Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether Add New Energy Investment Holdings Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Add New Energy Investment Holdings Group competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Add New Energy Investment Holdings Group performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
42.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2623 is currently unprofitable.
Growing Profit Margin: 2623 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2623 is unprofitable, but has reduced losses over the past 5 years at a rate of 42.1% per year.
Accelerating Growth: Unable to compare 2623's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2623 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (45.2%).
Return on Equity
High ROE: 2623 has a negative Return on Equity (-10.47%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Add New Energy Investment Holdings Group's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: 2623's short term assets (CN¥442.6M) exceed its short term liabilities (CN¥397.4M).
Long Term Liabilities: 2623's short term assets (CN¥442.6M) exceed its long term liabilities (CN¥21.3M).
Debt to Equity History and Analysis
Debt Level: 2623 has more cash than its total debt.
Reducing Debt: 2623's debt to equity ratio has increased from 39.8% to 62.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2623 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2623 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.2% per year.
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Dividend
What is Add New Energy Investment Holdings Group current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2623's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2623's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2623's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2623's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 2623 is not paying a notable dividend for the Hong Kong market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 2623 has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
9.6yrs
Average management tenure
CEO
Guohua Geng (51 yo)
9.08yrs
Tenure
CN¥662,000
Compensation
Mr. Guohua Geng has been the Chief Executive Officer of Add New Energy Investment Holdings Group Limited (formerly known as China Zhongsheng Resources Holdings Limited) since May 14, 2013. Mr. Geng served...
CEO Compensation Analysis
Compensation vs Market: Guohua's total compensation ($USD98.69K) is below average for companies of similar size in the Hong Kong market ($USD233.43K).
Compensation vs Earnings: Guohua's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 2623's management team is seasoned and experienced (9.6 years average tenure).
Board Members
Experienced Board: 2623's board of directors are seasoned and experienced ( 10.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Add New Energy Investment Holdings Group Limited's employee growth, exchange listings and data sources
Key Information
- Name: Add New Energy Investment Holdings Group Limited
- Ticker: 2623
- Exchange: SEHK
- Founded: 2011
- Industry: Steel
- Sector: Materials
- Implied Market Cap: HK$499.127m
- Shares outstanding: 5.25b
- Website: https://www.addnewenergy.com.hk
Number of Employees
Location
- Add New Energy Investment Holdings Group Limited
- Tower 6
- Suite 3105, 31/F
- Kowloon
- Kowloon
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/29 00:00 |
| End of Day Share Price | 2022/06/29 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.