Snowflake Score | |
---|---|
Valuation | 3/6 |
Future Growth | 6/6 |
Past Performance | 1/6 |
Financial Health | 3/6 |
Dividends | 0/6 |
438 Stock Overview
IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the research and development, production, and sale of new energy photovoltaic glass in the People’s Republic of China and internationally.
IRICO Group New Energy Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | HK$9.11 |
52 Week High | HK$35.35 |
52 Week Low | HK$8.02 |
Beta | 0.21 |
1 Month Change | -15.80% |
3 Month Change | 8.32% |
1 Year Change | -72.01% |
3 Year Change | -18.66% |
5 Year Change | -32.02% |
Change since IPO | -60.55% |
Recent News & Updates
Here's What To Make Of IRICO Group New Energy's (HKG:438) Decelerating Rates Of Return
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Shareholder Returns
438 | HK Electronic | HK Market | |
---|---|---|---|
7D | 0.7% | -0.4% | -0.6% |
1Y | -72.0% | -39.3% | -23.8% |
Return vs Industry: 438 underperformed the Hong Kong Electronic industry which returned -39.3% over the past year.
Return vs Market: 438 underperformed the Hong Kong Market which returned -23.8% over the past year.
Price Volatility
438 volatility | |
---|---|
438 Average Weekly Movement | 9.9% |
Electronic Industry Average Movement | 6.9% |
Market Average Movement | 6.5% |
10% most volatile stocks in HK Market | 12.8% |
10% least volatile stocks in HK Market | 3.1% |
Stable Share Price: 438 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 438's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2004 | 1,844 | Xiaofei Tong | https://www.irico.com.cn |
IRICO Group New Energy Company Limited, together with its subsidiaries, engages in the research and development, production, and sale of new energy photovoltaic glass in the People’s Republic of China and internationally. The company also offers solar cells and components. In addition, it is involved in photovoltaic power generation.
IRICO Group New Energy Fundamentals Summary
438 fundamental statistics | |
---|---|
Market Cap | CN¥1.34b |
Earnings (TTM) | CN¥162.60m |
Revenue (TTM) | CN¥2.07b |
8.5x
P/E Ratio0.7x
P/S RatioIs 438 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
438 income statement (TTM) | |
---|---|
Revenue | CN¥2.07b |
Cost of Revenue | CN¥1.67b |
Gross Profit | CN¥397.60m |
Other Expenses | CN¥234.99m |
Earnings | CN¥162.60m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
Earnings per share (EPS) | 0.92 |
Gross Margin | 19.23% |
Net Profit Margin | 7.87% |
Debt/Equity Ratio | 80.7% |
How did 438 perform over the long term?
See historical performance and comparisonValuation
Is 438 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 438?
Other financial metrics that can be useful for relative valuation.
What is 438's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | CN¥1.34b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 1.1x |
Enterprise Value/EBITDA | 5.8x |
PEG Ratio | 0.1x |
Price to Earnings Ratio vs Peers
How does 438's PE Ratio compare to its peers?
438 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 6x | ||
698 Tongda Group Holdings | 5.5x | 22.5% | HK$1.2b |
259 Yeebo (International Holdings) | 11.3x | n/a | HK$3.0b |
40 Gold Peak Technology Group | 3.9x | n/a | HK$576.7m |
732 Truly International Holdings | 3.8x | 12.5% | HK$5.5b |
438 IRICO Group New Energy | 8.5x | 68.3% | HK$1.6b |
Price-To-Earnings vs Peers: 438 is expensive based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (6x).
Price to Earnings Ratio vs Industry
How does 438's PE Ratio compare vs other companies in the HK Electronic Industry?
Price-To-Earnings vs Industry: 438 is expensive based on its Price-To-Earnings Ratio (8.5x) compared to the Hong Kong Electronic industry average (7.2x)
Price to Earnings Ratio vs Fair Ratio
What is 438's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 8.5x |
Fair PE Ratio | 23.4x |
Price-To-Earnings vs Fair Ratio: 438 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).
Share Price vs Fair Value
What is the Fair Price of 438 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 438 (HK$9.11) is trading below our estimate of fair value (HK$21.16)
Significantly Below Fair Value: 438 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is IRICO Group New Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
6/6Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
68.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 438's forecast earnings growth (68.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 438's earnings (68.3% per year) are forecast to grow faster than the Hong Kong market (16.6% per year).
High Growth Earnings: 438's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 438's revenue (52.7% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 438's revenue (52.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 438's Return on Equity is forecast to be high in 3 years time (20.6%)
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Past Performance
How has IRICO Group New Energy performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
20.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 438 has a high level of non-cash earnings.
Growing Profit Margin: 438's current net profit margins (7.9%) are lower than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: 438's earnings have grown significantly by 20.3% per year over the past 5 years.
Accelerating Growth: 438's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 438 had negative earnings growth (-26%) over the past year, making it difficult to compare to the Electronic industry average (19.5%).
Return on Equity
High ROE: 438's Return on Equity (8.5%) is considered low.
Discover strong past performing companies
Financial Health
How is IRICO Group New Energy's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 438's short term assets (CN¥2.2B) do not cover its short term liabilities (CN¥2.7B).
Long Term Liabilities: 438's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥549.3M).
Debt to Equity History and Analysis
Debt Level: 438's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: 438's debt to equity ratio has reduced from 1353.6% to 80.7% over the past 5 years.
Debt Coverage: 438's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 438's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Dividend
What is IRICO Group New Energy current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
14.66%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 438's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 438'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 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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 438 has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Xiaofei Tong (44 yo)
1.58yrs
Tenure
CN¥719,752
Compensation
Mr. Xiaofei Tong serves as Chairman at IRICO Group New Energy Company Limited since November 18, 2021. He serves as Executive Director at IRICO Group New Energy Company Limited since January 20, 2020 and w...
CEO Compensation Analysis
Compensation vs Market: Xiaofei's total compensation ($USD107.05K) is below average for companies of similar size in the Hong Kong market ($USD305.74K).
Compensation vs Earnings: Xiaofei's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: 438's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: 438's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
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
IRICO Group New Energy Company Limited's 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
- Implied Market Cap: HK$1.559b
- Shares outstanding: 176.32m
- 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
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/11 00:00 |
End of Day Share Price | 2022/08/11 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.