Executive Summary
IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the solar photovoltaic, new materials, trading, and other businesses in the People’s Republic of China and internationally.
Snowflake Analysis
Worrying balance sheet with weak fundamentals.
Share Price & News
How has IRICO Group New Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 438's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.4%
438
3.9%
HK Electronic
3.7%
HK Market
1 Year Return
18.6%
438
19.9%
HK Electronic
2.4%
HK Market
Return vs Industry: 438 underperformed the Hong Kong Electronic industry which returned 19.9% over the past year.
Return vs Market: 438 exceeded the Hong Kong Market which returned 2.4% over the past year.
Shareholder returns
| 438 | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.4% | 3.9% | 3.7% |
| 30 Day | 37.3% | 12.0% | 4.2% |
| 90 Day | 20.7% | 13.2% | 1.7% |
| 1 Year | 18.6%18.6% | 23.5%19.9% | 6.0%2.4% |
| 3 Year | 14.8%14.8% | 25.3%15.1% | 25.6%12.9% |
| 5 Year | -6.7%-6.7% | 107.9%81.0% | 23.2%2.5% |
Price Volatility Vs. Market
How volatile is IRICO Group New Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does IRICO Group New Energy Company Limited (HKG:438) Have A Particularly Volatile Share Price?1 year ago | Simply Wall St
IRICO Group New Energy Company Limited (HKG:438): Why Return On Capital Employed Is Important1 year ago | Simply Wall St
IRICO Group New Energy Company Limited (HKG:438) Delivered A Better ROE Than Its IndustryValuation
Is IRICO Group New Energy undervalued compared to its fair value and its price relative to the market?
8.25x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 438's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 438's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 438 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: 438 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 438's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 438 is overvalued based on its PB Ratio (8.3x) compared to the HK Electronic industry average (0.9x).
Next Steps
Future Growth
How is IRICO Group New Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.7%
Forecasted Tech 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 IRICO Group New Energy 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.
Next Steps
- Take a look at our analysis of 438’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- IRICO Group New Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has IRICO Group New Energy performed over the past 5 years?
59.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 438 is currently unprofitable.
Growing Profit Margin: 438 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 438 is unprofitable, but has reduced losses over the past 5 years at a rate of 59% per year.
Accelerating Growth: Unable to compare 438's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 438 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-8.8%).
Return on Equity
High ROE: 438 has a negative Return on Equity (-37.16%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is IRICO Group New Energy's financial position?
Financial Position Analysis
Short Term Liabilities: 438's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥4.1B).
Long Term Liabilities: 438's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥532.7M).
Debt to Equity History and Analysis
Debt Level: 438's debt to equity ratio (521.9%) is considered high.
Reducing Debt: 438's debt to equity ratio has increased from 315.9% to 521.9% over the past 5 years.
Balance Sheet
Inventory Level: 438 has a high level of physical assets or inventory.
Debt Coverage by Assets: 438's debt is covered by short term assets (assets are 1.2x debt).
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: Insufficient data to determine if 438 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 438 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is IRICO Group New Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 438's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 438's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 438's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 438's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 438's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
What is the CEO of IRICO Group New Energy's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
IRICO Group New Energy has no CEO, or we have no data on them.
Management Age and Tenure
3.1yrs
Average Tenure
48.5yo
Average Age
Experienced Management: 438's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
3.5yrs
Average Tenure
53yo
Average Age
Experienced Board: 438's board of directors are considered experienced (3.5 years average tenure).
Insider Trading
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.
Management Team
Yuncong Si (54yo)
Chairman of the Board
- Tenure: 4.3yrs
Zhibin Ma (54yo)
Deputy General Manager
- Tenure: 0yrs
- Compensation: CN¥373.00k
Xiaoning Chen (43yo)
Executive Director & GM and legal representative
- Tenure: 1.2yrs
- Compensation: CN¥394.00k
Qiang Gu (40yo)
Chief Financial Officer
- Tenure: 3.7yrs
- Compensation: CN¥389.00k
Wenchao Wu (53yo)
Deputy General Manager
- Tenure: 1.8yrs
- Compensation: CN¥386.00k
Huadong Ni (44yo)
Non-Executive Director & Secretary
- Tenure: 0.6yrs
- Compensation: CN¥392.00k
Board Members
Xiaoguang Wu (62yo)
Independent Supervisor
- Tenure: 0yrs
- Compensation: CN¥80.00k
Haiying Sun (76yo)
Independent Supervisor
- Tenure: 0yrs
- Compensation: CN¥80.00k
Bing Feng (52yo)
Independent Non-Executive Director
- Tenure: 15.3yrs
- Compensation: CN¥100.00k
Jialu Wang (58yo)
Independent Non Executive Director
- Tenure: 15.3yrs
- Compensation: CN¥100.00k
Yuncong Si (54yo)
Chairman of the Board
- Tenure: 4.3yrs
Zhicheng Wang (44yo)
Independent Non-Executive Director
- Tenure: 6.3yrs
- Compensation: CN¥100.00k
Xiaoning Chen (43yo)
Executive Director & GM and legal representative
- Tenure: 1.2yrs
- Compensation: CN¥394.00k
Ding Wenhui (58yo)
Chairman of the Supervisory Committee
- Tenure: 2.8yrs
Huadong Ni (44yo)
Non-Executive Director & Secretary
- Tenure: 0.6yrs
- Compensation: CN¥392.00k
Laiying Fan (48yo)
Non-Executive Director
- Tenure: 1.2yrs
Company Information
IRICO Group New Energy Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: IRICO Group New Energy Company Limited
- Ticker: 438
- Exchange: SEHK
- Founded: 2004
- Industry: Electronic Components
- Sector: Tech
- Market Cap: HK$1.563b
- Shares outstanding: 2.23b
- Website: https://www.irico.com.cn
Number of Employees
Location
- IRICO Group New Energy Company Limited
- No. 1 Caihong Road
- Qingdu District
- Xianyang
- Shaanxi Province
- 712021
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 438 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jan 2005 |
Biography
IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the solar photovoltaic, new materials, trading, and other businesses in the People’s Republic of China and internationally ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/15 12:48 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.