Stock 8326 TONKING NEW ENERGY GROUP HOLDINGS LIMITED
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Financials Tonking New Energy Group Holdings Limited

Equities

8326

KYG8918S1057

Renewable Energy Equipment & Services

Delayed Hong Kong S.E.
Other stock markets
 04:08:16 2024-05-02 am EDT 		5-day change 1st Jan Change
0.175 HKD -0.57% Intraday chart for Tonking New Energy Group Holdings Limited +6.06% +75.00%
Apr. 11 Wu Jian Nong, Xu Shui Sheng and Shen Meng Hong made a voluntary conditional cash offer to acquire remaining 71.71% stake in Tonking New Energy Group Holdings Limited from Xu Jun and others for HKD 58.6 million. CI
2023 Tonking New Energy Group Holdings Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023 CI

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 801.6 184 143.2 103.9 71.17 157.1
Enterprise Value (EV) 1 833.1 245.9 128.1 150.9 124.4 200.8
P/E ratio 38.2 x 6.21 x 22.6 x -12 x 12.9 x 5.68 x
Yield - - - - - -
Capitalization / Revenue 0.88 x 0.34 x 0.49 x 0.54 x 0.3 x 0.23 x
EV / Revenue 0.91 x 0.45 x 0.44 x 0.79 x 0.52 x 0.29 x
EV / EBITDA 17.1 x 4.88 x 6.81 x -18.1 x 14.7 x 4.63 x
EV / FCF -5.25 x -4.3 x 1.45 x -1.84 x -20.2 x 7.95 x
FCF Yield -19% -23.2% 69.2% -54.2% -4.96% 12.6%
Price to Book 4.07 x 0.87 x 0.71 x 0.49 x 0.31 x 0.66 x
Nbr of stocks (in thousands) 818,000 818,000 818,000 818,000 818,000 818,000
Reference price 2 0.9800 0.2250 0.1750 0.1270 0.0870 0.1920
Announcement Date 6/29/18 6/28/19 7/23/20 6/30/21 6/29/22 6/29/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 913.6 548.7 290.3 190.9 240.5 689
EBITDA 1 48.86 50.4 18.8 -8.315 8.449 43.38
EBIT 1 33.09 39.53 15.78 -11.13 5.564 40.64
Operating Margin 3.62% 7.2% 5.44% -5.83% 2.31% 5.9%
Earnings before Tax (EBT) 1 31.13 35.12 11.4 -7.314 4.943 37.27
Net income 1 21.01 29.64 6.329 -8.63 5.497 27.63
Net margin 2.3% 5.4% 2.18% -4.52% 2.29% 4.01%
EPS 2 0.0257 0.0362 0.007737 -0.0106 0.006720 0.0338
Free Cash Flow 1 -158.6 -57.13 88.63 -81.86 -6.171 25.27
FCF margin -17.36% -10.41% 30.53% -42.89% -2.57% 3.67%
FCF Conversion (EBITDA) - - 471.47% - - 58.24%
FCF Conversion (Net income) - - 1,400.4% - - 91.44%
Dividend per Share - - - - - -
Announcement Date 6/29/18 6/28/19 7/23/20 6/30/21 6/29/22 6/29/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 31.5 61.8 - 47 53.2 43.7
Net Cash position 1 - - 15.1 - - -
Leverage (Debt/EBITDA) 0.644 x 1.227 x - -5.656 x 6.297 x 1.008 x
Free Cash Flow 1 -159 -57.1 88.6 -81.9 -6.17 25.3
ROE (net income / shareholders' equity) 11.6% 11.2% 3.58% -3.17% 2.69% 11.4%
ROA (Net income/ Total Assets) 3.12% 4.16% 2.18% -1.74% 0.86% 5.41%
Assets 1 673.3 712.8 290.4 496.4 636.4 510.9
Book Value Per Share 2 0.2400 0.2600 0.2500 0.2600 0.2800 0.2900
Cash Flow per Share 2 0.0900 0.1000 0.1400 0.0300 0.0400 0.0700
Capex 1 32.4 6.69 0.29 0.62 0.85 1.15
Capex / Sales 3.54% 1.22% 0.1% 0.33% 0.35% 0.17%
Announcement Date 6/29/18 6/28/19 7/23/20 6/30/21 6/29/22 6/29/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

Company calendar

Sector Renewable Energy Services

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Renewable Energy Services
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