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Perennial Energy Holdings Ltd.
(2798)
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Rating:48Neutral
Price Target:
HK$0.91
▲(2.95% Upside)
Action:Reiterated
Date:09/11/26
The score is held back primarily by weak financial performance, driven by the 2025 swing to a net loss and persistently negative operating/free cash flow. Technicals provide some support due to a near-term rebound and neutral momentum, but valuation remains unattractive/unclear given the negative P/E and lack of dividend data.
Positive Factors
Manageable Leverage
Moderate debt relative to equity provides a more resilient financing base than a highly leveraged structure. This can preserve borrowing capacity and reduce balance-sheet pressure during weaker operating conditions, although it does not eliminate the company’s cash-generation challenges.
Negative Factors
Revenue Contraction and Net Loss
The sharp revenue decline and reversal from profits to a net loss show a substantial deterioration in operating performance. Lower scale can make fixed costs harder to absorb and reduces internally generated resources, weakening the company’s ability to fund investment and withstand further industry pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate debt relative to equity provides a more resilient financing base than a highly leveraged structure. This can preserve borrowing capacity and reduce balance-sheet pressure during weaker operating conditions, although it does not eliminate the company’s cash-generation challenges.
Read all positive factors
Perennial Energy Holdings Ltd. (2798) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.46B
Dividend Yield4.27%
Average Volume (3M)340.17K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth-18.64%
EPS Growth-234.02%
CountryHK
Employees3,360
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.16
Shares Outstanding1,600,000,000
10 Day Avg. Volume582,500
30 Day Avg. Volume340,166
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.56
Price to Sales (P/S)1.37
P/FCF Ratio-2.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Perennial Energy Holdings Ltd. Business Overview & Revenue Model
Company Description
Perennial Energy Holdings Limited, an investment holding company, engages in the exploration and mining of coking coal in the People’s Republic of China. It offers clean, middling, sludge, and raw coal, as well as coalbed methane gas. The company ...
Perennial Energy Holdings Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.13B | 1.21B | 1.71B | 1.72B | 1.78B | 1.54B |
| Gross Profit | 278.65M | 359.87M | 885.13M | 944.29M | 1.12B | 918.48M |
| EBITDA | -39.87M | 267.76M | 728.64M | 803.84M | 1.07B | 845.22M |
| Net Income | -244.66M | -197.79M | 440.23M | 504.19M | 743.96M | 301.77M |
Balance Sheet | ||||||
| Total Assets | 4.37B | 4.43B | 4.86B | 4.33B | 4.08B | 3.24B |
| Cash, Cash Equivalents and Short-Term Investments | 167.80M | 86.25M | 205.46M | 129.96M | 202.06M | 180.85M |
| Total Debt | 1.07B | 1.05B | 1.19B | 915.15M | 788.55M | 525.84M |
| Total Liabilities | 1.46B | 1.47B | 1.70B | 1.54B | 1.62B | 1.47B |
| Stockholders Equity | 2.91B | 2.96B | 3.16B | 2.79B | 2.46B | 1.77B |
Cash Flow | ||||||
| Free Cash Flow | -494.23M | -557.64M | -789.30M | -515.67M | -293.73M | 98.07M |
| Operating Cash Flow | -216.54M | -173.88M | -423.94M | 213.38M | 180.74M | 553.43M |
| Investing Cash Flow | -287.84M | -530.76M | -590.49M | -866.80M | -734.56M | -662.75M |
| Financing Cash Flow | 394.17M | 598.07M | 1.10B | 545.07M | 575.02M | 150.57M |
Perennial Energy Holdings Ltd. Technical Analysis
Positive
0.88
Price Trends
0.81
Positive
0.86
Positive
1.00
Negative
Market Momentum
0.02
Negative
58.97
Neutral
64.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2798, the sentiment is Positive. The current price of 0.88 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.81, and below the 200-day MA of 1.00, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.97 is Neutral, neither overbought nor oversold. The STOCH value of 64.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2798.
Perennial Energy Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$17.59B | 13.52 | 12.89% | 6.03% | -2.68% | -27.19% | |
71 Outperform | HK$15.58B | 18.47 | 4.97% | 3.94% | 32.98% | -24.54% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$9.93B | 10.83 | 9.27% | ― | 26.12% | 46.57% | |
54 Neutral | HK$361.74M | 22.22 | 1.31% | ― | -50.77% | -75.16% | |
48 Neutral | HK$1.46B | -4.85 | -8.33% | 4.27% | -18.64% | -234.02% | |
42 Neutral | HK$133.55M | -0.21 | -141.19% | 3.14% | -17.39% | -5.91% |
* Basic Materials Sector Average
HK:2798
Perennial Energy Holdings Ltd.
0.90
0.11
14.74%
HK:0975
Mongolian Mining
9.66
-1.75
-15.31%
HK:1393
Hidili Industry International Development Limited
0.03
-0.03
-51.67%
HK:1277
Kinetic Mines & Energy Ltd.
1.99
0.86
76.73%
HK:1303
Huili Resources (Group) Limited
0.17
-0.10
-36.30%
HK:0639
Shougang Fushan Resources Group Limited
3.05
0.38
14.22%
Perennial Energy Holdings Ltd. Corporate Events
Perennial Energy Swings to Interim Loss as Margins Slide
Aug 25, 2026
Perennial Energy Holdings Limited reported interim unaudited consolidated results for the six months ended 30 June 2026, showing a sharp deterioration in performance. Revenue fell 13.4% year-on-year to RMB512.0 million, while gross profit dropped ...
Perennial Energy Sets August Board Meeting to Review Interim Results and Dividend
Aug 13, 2026
Perennial Energy Holdings Limited has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a de...
Perennial Energy Flags Interim Loss on Geological Setbacks and Rising Costs
Aug 11, 2026
Perennial Energy Holdings has warned that it expects to post a net loss after tax of RMB40 million to RMB50 million for the six months ended 30 June 2026, reversing from a net profit of about RMB3.0 million a year earlier. The loss outlook undersc...
Perennial Energy Extends Deadline for Key Coal Mine Approvals in Major Transaction
Jun 30, 2026
Perennial Energy Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates in the coal and energy sector through subsidiaries such as Guizhou Jiutai Bangda Energy Development Co., Ltd. The company is expanding its presenc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.