This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Chenghe Acquisition (CHEA.U) Stock Overview

CHEA.U fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	0/6

Rewards

Earnings grew by 1098.1% over the past year

Risk Analysis

Makes less than USD$1m in revenue ($0)

Negative shareholders equity

Shares are highly illiquid

Debt is not well covered by operating cash flow

+ 1 more risk

CHEA.U Community Fair Values

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Chenghe Acquisition Co. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Chenghe Acquisition
Historical stock prices
Current Share Price	US$8.57
52 Week High	US$12.11
52 Week Low	US$7.27
Beta	0
1 Month Change	-20.72%
3 Month Change	n/a
1 Year Change	-17.99%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-14.98%

Recent updates

Shareholder Returns

	CHEA.U	US Capital Markets	US Market
7D	0%	-0.6%	-0.2%
1Y	-18.0%	3.1%	14.8%

Return vs Industry: CHEA.U underperformed the US Capital Markets industry which returned 11.3% over the past year.

Return vs Market: CHEA.U underperformed the US Market which returned 20.9% over the past year.

Price Volatility

Is CHEA.U's price volatile compared to industry and market?
CHEA.U volatility
CHEA.U Average Weekly Movement	n/a
Capital Markets Industry Average Movement	3.3%
Market Average Movement	6.9%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	2.9%

Stable Share Price: CHEA.U's share price has been volatile over the past 3 months.

Volatility Over Time: Insufficient data to determine CHEA.U's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	Shibin Wang	chengheinv.com/chenghe-acquisition-co

Chenghe Acquisition Co. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company intends to identify business opportunities in the field of financial technology or technology-enabled financial service companies, including artificial intelligence, big data, and cloud and blockchain-related initiatives in Asian markets. Chenghe Acquisition Co. was founded in 2021 and is based in Singapore.

Chenghe Acquisition Co. Fundamentals Summary

How do Chenghe Acquisition's earnings and revenue compare to its market cap?
CHEA.U fundamental statistics
Market cap	US$63.12m
Earnings (TTM)	US$2.46m
Revenue (TTM)	n/a

25.6x

P/E Ratio

0.0x

P/S Ratio

Is CHEA.U overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CHEA.U income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	-US$2.46m
Earnings	US$2.46m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.22
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-1.7%

How did CHEA.U perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/02/16 11:02
End of Day Share Price	2024/02/05 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Chenghe Acquisition Co. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Chenghe Acquisition Co.NasdaqGM:CHEA.U Stock Report