NAAS

NaaS Technology NasdaqCM:NAAS Stock Report

Last Price

US$5.70

Market Cap

US$1.2b

7D

-6.6%

1Y

n/a

Updated

15 Aug, 2022

Data

Company Financials
NAAS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

NAAS Stock Overview

NaaS Technology Inc. provides electric vehicle (EV) charging services in China.

NaaS Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NaaS Technology
Historical stock prices
Current Share PriceUS$5.70
52 Week HighUS$10.95
52 Week LowUS$5.50
Beta0
1 Month Change-6.71%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-32.62%

Recent News & Updates

Jul 08

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

Jun 16

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

NAASUS Consumer ServicesUS Market
7D-6.6%1.9%3.2%
1Yn/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

Is NAAS's price volatile compared to industry and market?
NAAS volatility
NAAS Average Weekly Movement11.1%
Consumer Services Industry Average Movement9.4%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
2019n/aWang Yanghttps://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

How do NaaS Technology's earnings and revenue compare to its market cap?
NAAS fundamental statistics
Market CapCN¥8.27b
Earnings (TTM)-CN¥252.31m
Revenue (TTM)CN¥17.77m

465.2x

P/S Ratio

-32.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NAAS income statement (TTM)
RevenueCN¥17.77m
Cost of RevenueCN¥18.86m
Gross Profit-CN¥1.09m
Other ExpensesCN¥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 Ratio0%

How did NAAS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NAAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation 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.

NAAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue465.8x
Enterprise Value/EBITDA-33x
PEG Ration/a

Price to Book Ratio vs Peers

How does NAAS's PB Ratio compare to its peers?

NAAS PB Ratio vs Peers
The above table shows the PB ratio for NAAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.8x
AFYA Afya
2x35.5%US$1.2b
LRN Stride
1.8x9.1%US$1.5b
STRA Strategic Education
1x38.1%US$1.7b
ARCE Arco Platform
2.5x53.0%US$940.7m
NAAS NaaS Technology
329.8xn/aUS$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.

NAAS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio329.8x
Fair PB Ration/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

0/6

Future 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

0/6

Past 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

6/6

Financial 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

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.