| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
NAAS Stock Overview
NaaS Technology Inc. provides electric vehicle (EV) charging services in China.
NaaS Technology Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$5.70 |
| 52 Week High | US$10.95 |
| 52 Week Low | US$5.50 |
| Beta | 0 |
| 1 Month Change | -6.71% |
| 3 Month Change | n/a |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -32.62% |
Recent News & Updates
NaaS Technology rallies after EVs charging solution deal with Green Intelligent Link
NaaS Technology (NASDAQ:NAAS) jumps up 8% in premarket trading, Friday, after announcing its strategic partnership with smart connected car platform provider, Zhejiang Green Intelligent Link, to provide one-stop charging solutions to commercial EVs. Green Intelligent is one of the three platform companies under Geely Commercial's Farizon Auto, which provides multipoint layout for multi-energy systems in China, focused on urban delivery scenarios. Under the deal, the parties are said to provide one-stop charging solutions, including the interconnection of charging piles and the digital management of charging solutions for delivery and logistics fleets in response of rising EV demand. "With guidance and oversight from the relevant Chinese authorities in terms of policy, the transition of commercial vehicles from gas to electric power will continue to accelerate," said Cathy Wang, Founder and CEO of NaaS. "NaaS positions itself as a 'connector' in the renewable energy sector. Through this partnership, we will connect drivers of commercial EVs to an interconnected charging network throughout the entire country further enabling drivers to charge their vehicles, reduce their costs, and ensure the sustainable growth of the commercial EV sector." Earlier: NaaS Technology completes merger transaction with Dada Auto
Dead Man Reawakening? Defunct Rise Education Reborn As EV Charging Company
While many of its peers have shut down, Bain-backed Rise Education is swapping its defunct English language education business for the red-hot EV sector. In the world’s largest EV market, Newlink is China’s biggest platform for EV charging services, using AI and SaaS to connect charging station operators and drivers. By the time of the merger with Newlink, Rise’s own revenue had evaporated to zero.
Shareholder Returns
| NAAS | US Consumer Services | US Market | |
|---|---|---|---|
| 7D | -6.6% | 1.9% | 3.2% |
| 1Y | n/a | -25.3% | -10.2% |
Return vs Industry: Insufficient data to determine how NAAS performed against the US Consumer Services industry.
Return vs Market: Insufficient data to determine how NAAS performed against the US Market.
Price Volatility
| NAAS volatility | |
|---|---|
| NAAS Average Weekly Movement | 11.1% |
| Consumer Services Industry Average Movement | 9.4% |
| Market Average Movement | 7.7% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: NAAS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: Insufficient data to determine NAAS's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | n/a | Wang Yang | https://www.enaas.com |
NaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China.
NaaS Technology Fundamentals Summary
| NAAS fundamental statistics | |
|---|---|
| Market Cap | CN¥8.27b |
| Earnings (TTM) | -CN¥252.31m |
| Revenue (TTM) | CN¥17.77m |
465.2x
P/S Ratio-32.8x
P/E RatioIs NAAS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NAAS income statement (TTM) | |
|---|---|
| Revenue | CN¥17.77m |
| Cost of Revenue | CN¥18.86m |
| Gross Profit | -CN¥1.09m |
| Other Expenses | CN¥251.22m |
| Earnings | -CN¥252.31m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.18 |
| Gross Margin | -6.13% |
| Net Profit Margin | -1,419.54% |
| Debt/Equity Ratio | 0% |
How did NAAS perform over the long term?
See historical performance and comparisonValuation
Is NAAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book 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 NAAS?
Other financial metrics that can be useful for relative valuation.
| What is NAAS's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥8.27b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 465.8x |
| Enterprise Value/EBITDA | -33x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does NAAS's PB Ratio compare to its peers?
| NAAS PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.8x | ||
AFYA Afya | 2x | 35.5% | US$1.2b |
LRN Stride | 1.8x | 9.1% | US$1.5b |
STRA Strategic Education | 1x | 38.1% | US$1.7b |
ARCE Arco Platform | 2.5x | 53.0% | US$940.7m |
NAAS NaaS Technology | 329.8x | n/a | US$1.2b |
Price-To-Book vs Peers: NAAS is expensive based on its Price-To-Book Ratio (329.8x) compared to the peer average (1.8x).
Price to Earnings Ratio vs Industry
How does NAAS's PE Ratio compare vs other companies in the US Consumer Services Industry?
Price-To-Book vs Industry: NAAS is expensive based on its Price-To-Book Ratio (329.8x) compared to the US Consumer Services industry average (1.6x)
Price to Book Ratio vs Fair Ratio
What is NAAS's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 329.8x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate NAAS's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NAAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate NAAS's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate NAAS's fair value for valuation analysis.
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 NaaS Technology 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
32.4%
Forecasted Consumer Services 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 NaaS Technology 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.
Discover growth companies
- Examine NaaS Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Past Performance
How has NaaS Technology 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
-207.0%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: NAAS is currently unprofitable.
Growing Profit Margin: NAAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if NAAS's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare NAAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NAAS is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (5.2%).
Return on Equity
High ROE: NAAS has a negative Return on Equity (-1006.46%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is NaaS Technology's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: NAAS's short term assets (CN¥127.0M) exceed its short term liabilities (CN¥115.9M).
Long Term Liabilities: NAAS's short term assets (CN¥127.0M) exceed its long term liabilities (CN¥12.4M).
Debt to Equity History and Analysis
Debt Level: NAAS is debt free.
Reducing Debt: NAAS has not had any debt for past 5 years.
Debt Coverage: NAAS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NAAS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is NaaS Technology 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
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NAAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NAAS'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 NAAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NAAS'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 NAAS has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
0.2yrs
Average board tenure
CEO
Wang Yang (33 yo)
0.17
Tenure
Ms. Yang Wang is the founders of NaaS Technology Inc. and serves as its chief executive officer and director since June 10, 2022. Ms. Wang is one of Newlink’s co-founders and has served as Newlink’s presid...
Board Members
Experienced Board: NAAS's board of directors are not considered experienced ( 0.2 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: NAAS only recently listed within the past 12 months.
Top Shareholders
Company Information
NaaS Technology Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: NaaS Technology Inc.
- Ticker: NAAS
- Exchange: NasdaqCM
- Founded: 2019
- Industry: Education Services
- Sector: Consumer Services
- Implied Market Cap: US$1.221b
- Shares outstanding: 214.16m
- Website: https://www.enaas.com
Location
- NaaS Technology Inc.
- Newlink Center, Area G
- Building 7, Huitong Times Square
- Beijing
- 10024
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/15 00:00 |
| End of Day Share Price | 2022/08/15 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.