Financials United Energy Group Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
0.57 ^HKD	0.00%		+1.79%	-32.94%

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	14,843	14,843	-
Enterprise Value (EV) ¹	41,519	40,214	17,088	20,801	22,134	15,894	11,966
P/E ratio	21.8 x	46.5 x	8.52 x	7.75 x	-13 x	3.71 x	2.9 x
Yield	-	-	6.15%	5.19%	6.9%	7.37%	10.5%
Capitalization / Revenue	5.84 x	-	2.3 x	1.88 x	1.63 x	1.13 x	0.95 x
EV / Revenue	5.84 x	-	2.3 x	1.93 x	1.63 x	1.2 x	0.77 x
EV / EBITDA	-	-	2.92 x	2.24 x	136 x	-261 x	6.52 x
EV / FCF	-	-	11.1 x	8.55 x	1,164 x	6.16 x	2.87 x
FCF Yield	-	-	9.04%	11.7%	0.09%	16.2%	34.9%
Price to Book	-	-	1.2 x	1.28 x	1.73 x	0.71 x	0.59 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	0.5700	0.5700	0.5700
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	13,193	15,621
EBITDA ¹	-	-	5,843	9,266	116	-61	1,835
EBIT ¹	-	-	2,759	3,596	-1,731	4,839	6,131
Operating Margin	-	-	37.09%	33.44%	-12.73%	36.68%	39.25%
Earnings before Tax (EBT) ¹	-	-	2,433	3,021	-2,020	4,827	6,195
Net income ¹	-	864.2	2,001	2,601	-1,707	4,060	5,183
Net margin	-	-	26.9%	24.19%	-12.56%	30.78%	33.18%
EPS ²	0.0726	0.0329	0.0763	0.0994	-0.0653	0.1537	0.1963
Free Cash Flow ¹	-	-	1,545	2,432	13.6	2,581	4,175
FCF margin	-	-	20.78%	22.62%	0.12%	19.56%	26.73%
FCF Conversion (EBITDA)	-	-	26.45%	26.25%	11.72%	-	227.54%
FCF Conversion (Net income)	-	-	77.24%	93.51%	0.38%	63.55%	80.57%
Dividend per Share ²	-	-	0.0400	0.0400	0.0393	0.0420	0.0597
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	1,051	-
Net Cash position ¹	-	-	-	-	-	-	2,877
Leverage (Debt/EBITDA)	-	-	-	0.0602 x	8.517 x	-17.23 x	-
Free Cash Flow ¹	-	-	1,545	2,432	13.6	2,581	4,175
ROE (net income / shareholders' equity)	-	-	14.7%	17.3%	-11.9%	19.9%	21.8%
ROA (Net income/ Total Assets)	-	-	8.01%	9.92%	-6.41%	12.6%	14.3%
Assets ¹	-	-	24,987	26,226	26,625	32,252	36,233
Book Value Per Share ²	-	-	0.5400	0.6000	0.4900	0.8100	0.9600
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	2,735	5,392	7,292	7,002	7,045
Capex / Sales	-	-	36.78%	50.15%	62.38%	53.07%	45.1%
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

0.57 HKD

Average target price

1.35 HKD

Spread / Average Target

+136.84%

	1st Jan change	Capi.
UNITED ENERGY GROUP LIMITED	-32.94%	1.9B
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PIONEER NATURAL RESOURCES COMPANY	+19.56%	62.81B
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DIAMONDBACK ENERGY, INC.	+33.97%	37.05B