Financials United Energy Group Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:07 2024-05-09 am EDT			5-day change	1st Jan Change
0.63 ^HKD	0.00%		+12.50%	-25.88%

Apr. 03	United Energy to Build 250MW Solar Project in Bulgaria	MT
Mar. 29	United Energy Group Swings to 2023 Loss as Impairments Jump	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	41,519	40,214	17,088	20,243	16,406	16,406	-
Enterprise Value (EV) ¹	41,519	40,214	17,088	20,801	22,134	16,406	16,406
P/E ratio	21.8 x	46.5 x	8.52 x	7.75 x	-13 x	5.23 x	3.93 x
Yield	-	-	6.15%	5.19%	6.24%	6.35%	7.94%
Capitalization / Revenue	5.84 x	-	2.3 x	1.88 x	1.63 x	1.04 x	1.02 x
EV / Revenue	5.84 x	-	2.3 x	1.93 x	1.63 x	1.04 x	1.02 x
EV / EBITDA	-	-	2.92 x	2.24 x	150 x	1.7 x	1.55 x
EV / FCF	-	-	11.1 x	8.55 x	1,279 x	4.14 x	5.54 x
FCF Yield	-	-	9.04%	11.7%	0.08%	24.1%	18%
Price to Book	-	-	1.2 x	1.28 x	1.73 x	-	-
Nbr of stocks (in thousands)	26,277,864	26,283,850	26,289,929	26,289,929	26,040,505	26,040,505	-
Reference price ²	1.580	1.530	0.6500	0.7700	0.6300	0.6300	0.6300
Announcement Date	3/31/20	3/31/21	3/31/22	3/31/23	3/28/24	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	7,104	-	7,437	10,754	13,591	15,707	16,158
EBITDA ¹	-	-	5,843	9,266	116	9,641	10,558
EBIT ¹	-	-	2,759	3,596	-1,731	3,953	5,135
Operating Margin	-	-	37.09%	33.44%	-12.73%	25.17%	31.78%
Earnings before Tax (EBT) ¹	-	-	2,433	3,021	-2,020	3,664	4,870
Net income ¹	-	864.2	2,001	2,601	-1,707	3,151	4,188
Net margin	-	-	26.9%	24.19%	-12.56%	20.06%	25.92%
EPS ²	0.0726	0.0329	0.0763	0.0994	-0.0653	0.1205	0.1602
Free Cash Flow ¹	-	-	1,545	2,432	13.6	3,958	2,959
FCF margin	-	-	20.78%	22.62%	0.12%	25.2%	18.31%
FCF Conversion (EBITDA)	-	-	26.45%	26.25%	11.72%	41.05%	28.02%
FCF Conversion (Net income)	-	-	77.24%	93.51%	0.38%	125.61%	70.65%
Dividend per Share ²	-	-	0.0400	0.0400	0.0393	0.0400	0.0500
Announcement Date	3/31/20	3/31/21	3/31/22	3/31/23	3/28/24	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	557	988	-	-
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.0602 x	8.517 x	-	-
Free Cash Flow ¹	-	-	1,545	2,432	13.6	3,958	2,959
ROE (net income / shareholders' equity)	-	-	14.7%	17.3%	-11.9%	21.7%	20.3%
ROA (Net income/ Total Assets)	-	-	8.01%	9.92%	-6.41%	13%	13.3%
Assets ¹	-	-	24,987	26,226	26,625	24,238	31,490
Book Value Per Share ²	-	-	0.5400	0.6000	0.4900	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	2,735	5,392	7,292	7,503	7,553
Capex / Sales	-	-	36.78%	50.15%	62.38%	47.77%	46.74%
Announcement Date	3/31/20	3/31/21	3/31/22	3/31/23	3/28/24	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.63 HKD

Average target price

1.18 HKD

Spread / Average Target

+87.30%

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