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Concord New Energy Group Stock

Concord New Energy Group P/S 2024

Concord New Energy Group P/S

1.85

Ticker

182.HK

ISIN

BMG2345T1099

WKN

A14QFY

As of Aug 22, 2024, Concord New Energy Group's P/S ratio stood at 1.85, a -9.31% change from the 2.04 P/S ratio recorded in the previous year.

The Concord New Energy Group P/S history

Concord New Energy Group Aktienanalyse

What does Concord New Energy Group do?

Concord New Energy Group Ltd is a globally operating company specializing in renewable energy sources. It was founded in 2000 with the goal of promoting the expansion of renewable energies and making a contribution to the reduction of CO2 emissions. The business model of Concord New Energy Group is based on the planning, development, operation, and management of wind and solar power plants. The company is active in various business areas. On the one hand, Concord develops and operates wind farms, mainly in China due to their central location. The other business area is the planning, development, and operation of solar power plants, mainly in Germany, Italy, and the USA. Concord New Energy Group has successfully implemented a variety of projects in the past, such as the construction of the "Yuhuan Islands Wind Power Project" in China, which was completed in 2013. This is a wind farm with a capacity of 1,515 MW, which was the largest offshore wind farm in the world at that time. In 2019, a 45 MW solar power plant was also completed in Vasto, Italy, which can meet the electricity needs of 23,000 households. However, the core business of Concord New Energy Group is not only the planning and construction of wind and solar power plants, but also the ongoing support and maintenance of the facilities. This includes monitoring and optimizing the operation of the plants, maintenance of technical components, and regular inspection by specialized personnel. In addition to the development, construction, and operation of wind and solar power plants, Concord is also involved in the research and development of new technologies in the field of renewable energies. This particularly focuses on the optimal use of natural resources such as wind, water, and sunlight. The goal is to optimize the ionosphere to achieve improved efficiency of the facilities. Overall, Concord New Energy Group is a globally operating company specializing in the use and development of renewable energy sources. The focus is on the planning, construction, and operation of wind and solar power plants in China, Germany, Italy, and the USA. The company has made it its mission to promote the expansion of renewable energies and make a contribution to the reduction of CO2 emissions. Through continuous research and further development of new technologies, Concord New Energy Group can act in a future-oriented manner and remain innovative. Concord New Energy Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Concord New Energy Group's P/S Ratio

Concord New Energy Group's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Concord New Energy Group's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Concord New Energy Group's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Concord New Energy Group’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Concord New Energy Group stock

What is the price-to-earnings ratio of Concord New Energy Group?

The price-earnings ratio of Concord New Energy Group is currently 1.85.

How has the price-earnings ratio of Concord New Energy Group changed compared to last year?

The price-to-earnings ratio of Concord New Energy Group has increased by -9.31% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Concord New Energy Group high compared to other companies?

Yes, the price-to-earnings ratio of Concord New Energy Group is high compared to other companies.

How does an increase in the price-earnings ratio of Concord New Energy Group affect the company?

An increase in the price-earnings ratio of Concord New Energy Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Concord New Energy Group affect the company?

A decrease in the price-earnings ratio of Concord New Energy Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Concord New Energy Group?

Some factors that influence the price-earnings ratio of Concord New Energy Group are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Concord New Energy Group pay?

Over the past 12 months, Concord New Energy Group paid a dividend of 0.04 CNY . This corresponds to a dividend yield of about 6.48 %. For the coming 12 months, Concord New Energy Group is expected to pay a dividend of 0.04 CNY.

What is the dividend yield of Concord New Energy Group?

The current dividend yield of Concord New Energy Group is 6.48 %.

When does Concord New Energy Group pay dividends?

Concord New Energy Group pays a quarterly dividend. This is distributed in the months of August, July, July, July.

How secure is the dividend of Concord New Energy Group?

Concord New Energy Group paid dividends every year for the past 12 years.

What is the dividend of Concord New Energy Group?

For the upcoming 12 months, dividends amounting to 0.04 CNY are expected. This corresponds to a dividend yield of 6.98 %.

In which sector is Concord New Energy Group located?

Concord New Energy Group is assigned to the 'Utilities' sector.

Wann musste ich die Aktien von Concord New Energy Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Concord New Energy Group from 7/3/2024 amounting to 0 CNY, you needed to have the stock in your portfolio before the ex-date on 6/14/2024.

When did Concord New Energy Group pay the last dividend?

The last dividend was paid out on 7/3/2024.

What was the dividend of Concord New Energy Group in the year 2023?

In the year 2023, Concord New Energy Group distributed 0.03 CNY as dividends.

In which currency does Concord New Energy Group pay out the dividend?

The dividends of Concord New Energy Group are distributed in CNY.

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Andere Kennzahlen von Concord New Energy Group

Our stock analysis for Concord New Energy Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Concord New Energy Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.