CHINA NEW ECONOMY FUND LIMITED Financials China New Economy Fund Limited
Equities
80
KYG211971687
Investment Banking & Brokerage Services
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.16 HKD | -1.84% |
|
-4.76% | -1.23% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 137.9 | 74.97 | 105.6 | 224.7 | 225.7 | 213.8 |
| Enterprise Value (EV) 1 | 66.36 | 12.67 | 37.82 | 114 | 81.94 | 131.6 |
| P/E ratio | -1.31 x | -1.8 x | -2.93 x | -37.1 x | -4.07 x | -4.05 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 14.7 x | 13.8 x | 30.9 x | 88.2 x | 72.4 x | 1,692 x |
| EV / Revenue | 7.06 x | 2.33 x | 11.1 x | 44.7 x | 26.3 x | 1,042 x |
| EV / EBITDA | - | - | -5,469,657 x | -9,699,693 x | -6,446,512 x | -8,530,671 x |
| EV / FCF | -13.6 x | -10.2 x | -4.44 x | -34.9 x | -21.9 x | -7.59 x |
| FCF Yield | -7.36% | -9.83% | -22.5% | -2.86% | -4.58% | -13.2% |
| Price to Book | 1.88 x | 1.22 x | 1.49 x | 1.98 x | 1.59 x | 2.38 x |
| Nbr of stocks (in thousands) | 292,062 | 347,062 | 600,149 | 864,215 | 1,319,700 | 1,319,700 |
| Reference price 2 | 0.4720 | 0.2160 | 0.1760 | 0.2600 | 0.1710 | 0.1620 |
| Announcement Date | 4/24/19 | 4/27/20 | 4/26/21 | 4/25/22 | 4/24/23 | 4/24/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 9.404 | 5.448 | 3.417 | 2.548 | 3.116 | 0.1263 |
| EBITDA | - | - | -6.914 | -11.75 | -12.71 | -15.43 |
| EBIT 1 | -9.595 | -6.933 | -7.085 | -12.05 | -13.08 | -16.89 |
| Operating Margin | -102.04% | -127.27% | -207.35% | -472.85% | -419.82% | -13,368.33% |
| Earnings before Tax (EBT) 1 | -92.96 | -34.07 | -31.11 | -4.98 | -52.75 | -52.44 |
| Net income 1 | -92.96 | -34.07 | -31.11 | -4.98 | -52.75 | -52.44 |
| Net margin | -988.56% | -625.42% | -910.33% | -195.46% | -1,692.66% | -41,504.87% |
| EPS 2 | -0.3600 | -0.1200 | -0.0600 | -0.006999 | -0.0421 | -0.0400 |
| Free Cash Flow 1 | -4.886 | -1.246 | -8.511 | -3.266 | -3.749 | -17.34 |
| FCF margin | -51.96% | -22.87% | -249.08% | -128.17% | -120.32% | -13,721.68% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/24/19 | 4/27/20 | 4/26/21 | 4/25/22 | 4/24/23 | 4/24/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 71.5 | 62.3 | 67.8 | 111 | 144 | 82.2 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -4.89 | -1.25 | -8.51 | -3.27 | -3.75 | -17.3 |
| ROE (net income / shareholders' equity) | -97.2% | -50.6% | -46.9% | -5.39% | -41.2% | -45.2% |
| ROA (Net income/ Total Assets) | -4.22% | -5.29% | -5.92% | -7.79% | -6.17% | -8.63% |
| Assets 1 | 2,203 | 643.8 | 525.7 | 63.97 | 855.5 | 607.7 |
| Book Value Per Share 2 | 0.2500 | 0.1800 | 0.1200 | 0.1300 | 0.1100 | 0.0700 |
| Cash Flow per Share 2 | 0.0100 | 0 | 0 | 0 | 0.0200 | 0.0100 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 4/24/19 | 4/27/20 | 4/26/21 | 4/25/22 | 4/24/23 | 4/24/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.23% | 27.54M | |
| +0.42% | 152B | |
| +13.58% | 150B | |
| +10.55% | 139B | |
| -6.68% | 36.34B | |
| +11.61% | 25.79B | |
| -8.70% | 21.05B | |
| +18.97% | 20.23B | |
| +37.43% | 16.82B | |
| +7.33% | 16.08B |
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