Ratings Concord New Energy Group Limited

Equities

182 BMG2345T1099

Market Closed - Hong Kong S.E. Other stock markets 04:08:17 2024-05-17 am EDT			5-day change	1st Jan Change
0.65 ^HKD	+1.56%		+3.17%	+1.56%

May. 06	Concord New Energy Group's April Power Output Rises Nearly 2%	MT
Apr. 26	Concord New Energy Group Limited Announces Appointment of Chan Kam Kwan, Jason as Executive Director	CI

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.

Strengths

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's activity appears highly profitable thanks to its outperforming net margins.
Its low valuation, with P/E ratio at 4.61 and 4.04 for the ongoing fiscal year and 2025 respectively, makes the stock pretty attractive with regard to earnings multiples.
The company appears to be poorly valued given its net asset value.
This company will be of major interest to investors in search of a high dividend stock.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.

Ratings chart - Surperformance

Sector: Independent Power Producers

	1st Jan change	Capi.	ESG Refinitiv
CONCORD NEW ENERGY GROUP LIMITED	+1.56%	667M	-
ADANI GREEN ENERGY LIMITED	+14.71%	34.86B	B
HUANENG LANCANG RIVER HYDROPOWER INC.	+8.57%	23.35B	C-
EDP RENOVÁVEIS, S.A.	-20.43%	16.41B	A-
ENGIE BRASIL ENERGIA S.A.	-3.86%	6.95B	A
NEOEN	-2.25%	4.88B	B-
NORTHLAND POWER INC.	+0.12%	4.54B	B+
ERG S.P.A.	-11.30%	4.06B	B+
CLEARWAY ENERGY, INC.	-2.85%	3.07B	C+
ENCAVIS AG	+8.92%	2.97B	C+

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes