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Antelope Enterprise Holdings Limited (AEHL) 10-Year Financial Performance & Capital Metrics

AEHL • • Industrial / General
IndustrialsConstructionBuilding Materials & ComponentsCeramic & Surface Products
AboutAntelope Enterprise Holdings Limited, through its subsidiaries, manufactures and sells ceramic tiles for exterior siding and interior flooring, and design in residential and commercial buildings in the People's Republic of China. The company provides porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles, and polished glazed tiles. It sells its products under the HD or Hengda brands through a network of distributors, as well as directly to property developers. The company was formerly known as China Ceramics Co., Ltd. and changed its name to Antelope Enterprise Holdings Limited in October 2020. Antelope Enterprise Holdings Limited was founded in 1993 and is headquartered in Jinjiang, the People's Republic of China.Show more
  • Revenue $721M +41.2%
  • EBITDA -$10M +88.7%
  • Net Income -$77M -436.7%
  • EPS (Diluted) -31.81 +98.0%
  • Gross Margin -0.02% -100.2%
  • EBITDA Margin -1.41% +92.0%
  • Operating Margin -1.59% +91.0%
  • Net Margin -10.67% -280.1%
  • ROE -119.8% -354.1%
  • ROIC -11.74% +89.0%
  • Debt/Equity 0.26 +72.4%
  • Interest Coverage -9.22 +98.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 17.1%
  • ✓Trading at only 0.0x book value
  • ✓Efficient asset utilization: 19.0x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 6 (bottom 6%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.58%
5Y17.09%
3Y116.01%
TTM158.31%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-49.31%

EPS CAGR

10Y-
5Y-
3Y-
TTM-1740.62%

ROCE

10Y Avg-18.51%
5Y Avg-37.46%
3Y Avg-54.7%
Latest-16.69%

Peer Comparison

Ceramic & Surface Products
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AEHLAntelope Enterprise Holdings Limited3.64M1.39-0.0441.21%-16.15%-5.69%0.26
CSTECaesarstone Ltd.72.95M2.11-1.87-21.59%-18.44%-32.17%29.41%0.50

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.02B793.75M821.79M498.19M327.58M182.99M71.53M293.49M510.55M720.94M
Revenue Growth %-0.02%-0.22%0.04%-0.39%-0.34%-0.44%-0.61%3.1%0.74%0.41%
Cost of Goods Sold+891.72M823.86M771.44M499.36M246.25M208.99M10.28M258.43M457.49M98.9M
COGS % of Revenue0.88%1.04%0.94%1%0.75%1.14%0.14%0.88%0.9%0.14%
Gross Profit+125.43M-30.11M50.35M-1.17M81.33M-26M946.64K27.92M53.05M-126K
Gross Margin %0.12%-0.04%0.06%-0%0.25%-0.14%0.01%0.1%0.1%-0%
Gross Profit Growth %0.2%-1.24%2.67%-1.02%70.75%-1.32%1.04%28.49%0.9%-1%
Operating Expenses+36.04M46.08M100.78M29.02M36.43M8.76M27.58M37.38M141.14M83.88M
OpEx % of Revenue0.04%0.06%0.12%0.06%0.11%0.05%0.39%0.13%0.28%0.12%
Selling, General & Admin36.04M59.52M4.47M4.22M-11.96M7.55M2.51M5.82M19.98M11.3M
SG&A % of Revenue0.04%0.07%0.01%0.01%-0.04%0.04%0.04%0.02%0.04%0.02%
Research & Development1.23M1.12M940K867K6.38M1.21M1.43M90.35K1.43M1.38M
R&D % of Revenue0%0%0%0%0.02%0.01%0.02%0%0%0%
Other Operating Expenses-75.62M-83.86M012.69M42.01M023.64M31.48M119.73M71.2M
Operating Income+89.39M89.71M-78.14M-30.18M6.42M-8.76M-21.54M-1.67M-90.03M-11.43M
Operating Margin %0.09%0.11%-0.1%-0.06%0.02%-0.05%-0.3%-0.01%-0.18%-0.02%
Operating Income Growth %0.47%0%-1.87%0.61%1.21%-2.37%-1.46%0.92%-52.97%0.87%
EBITDA+99.96M134.67M-62.63M-18.57M6.43M-8.75M-21.53M-1.41M-89.67M-10.13M
EBITDA Margin %0.1%0.17%-0.08%-0.04%0.02%-0.05%-0.3%-0%-0.18%-0.01%
EBITDA Growth %0.39%0.35%-1.47%0.7%1.35%-2.36%-1.46%0.93%-62.46%0.89%
D&A (Non-Cash Add-back)10.57M44.95M15.51M11.61M12K12K13.18K255K361.99K1.3M
EBIT-51.62M-94.77M-78.07M-418.46M-9.13M-7.55M-20.11M-5.42M-89.8M-9.34M
Net Interest Income+-513.88K245.83K-27.72K5.23K-34.59K-52K-6.43K-2K164K-396K
Interest Income108.91K257.93K4.9K5.23K10.43K23K1.57K2K302K844K
Interest Expense622.78K12.1K32.63K045.02K75K8K4K138K1.24M
Other Income/Expense-141.63M-119.94M-143K-56.45M-7.77M01.38M859K2.98M853K
Pretax Income+-339.16M-316.22M-78.28M-418.46M-9.45M-226K-20.17M-809K-86.84M-10.58M
Pretax Margin %-0.33%-0.4%-0.1%-0.84%-0.03%-0%-0.28%-0%-0.17%-0.01%
Income Tax+23.25M5.58M9.74M209K56K33K217K213.81K85.17K11K
Effective Tax Rate %1.07%1.02%1.12%1%1.01%854.4%4.4%73.38%0.17%7.28%
Net Income+-362.41M-321.8M-88.03M-418.67M-9.5M-193.09M-88.75M-59.36M-14.34M-76.96M
Net Margin %-0.36%-0.41%-0.11%-0.84%-0.03%-1.06%-1.24%-0.2%-0.03%-0.11%
Net Income Growth %-10.94%0.11%0.73%-3.76%0.98%-19.32%0.54%0.33%0.76%-4.37%
Net Income (Continuing)-362.41M-321.8M-88.03M-418.67M-1.36M-259K-20.38M-5.79M-86.92M-10.59M
Discontinued Operations00000-192.84M-69.67M-49.19M72.64M0
Minority Interest000000-1.31M5.42M5.3M688K
EPS (Diluted)+-425.72-349.53-79.08-279.55-4.69-656.70-1082.51-0.68-1567.64-31.81
EPS Growth %0.81%0.18%0.77%-2.54%0.98%-139.02%-0.65%1%-2304.35%0.98%
EPS (Basic)-425.72-349.53-79.08-279.55-4.69-65.67-17.49-411.39-1567.64-31.81
Diluted Shares Outstanding2.13K2.3K111.3K149.8K202.5K73.5K12.87K209.22K55.51K331.48K
Basic Shares Outstanding2.13K2.3K111.3K149.8K202.5K73.5K59.8K122.08K55.51K331.48K
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+877.77M781.77M728.53M366.89M362.25M166.86M132.33M108.53M34.23M26.91M
Cash & Short-Term Investments514K110K2.33M9.02M8.21M12.34M27.88M1.81M635K1.05M
Cash Only514K110K2.33M9.02M8.21M12.34M27.88M3.94M3.81M1.05M
Short-Term Investments00000008.52M700K0
Accounts Receivable527.21M80.99M530.21M228.81M180.88M15.66M51.42M5.94M2.15M20.18M
Days Sales Outstanding189.1937.24235.49167.64201.5431.24262.377.391.5310.22
Inventory306.85M212.74M191.67M127.35M165.3M7.99M31.59M-5.94M00
Days Inventory Outstanding125.694.2590.6993.0824513.951.12K---
Other Current Assets41.67M15.38M2.18M6.42M5.83M130.87M1.07M93.34M29.41M0
Total Non-Current Assets+435.25M149.51M96.88M46K35K58.53M45.54M1.48M87.27M11.1M
Property, Plant & Equipment409.86M130.54M61.17M46K35K58.53M45.54M1.48M1.15M5.46M
Fixed Asset Turnover2.48x6.08x13.43x10830.20x9359.46x3.13x1.57x198.98x445.50x131.94x
Goodwill0000000000
Intangible Assets15.81M5.92M4.36M00006K4K0
Long-Term Investments-435.25M6.79M-4.36M0000000
Other Non-Current Assets435.25M1.49M35.5M-46K0-1K0086.12M5.63M
Total Assets+1.31B931.28M825.42M366.94M362.28M225.39M177.87M110.01M121.5M38.01M
Asset Turnover0.77x0.85x1.00x1.36x0.90x0.81x0.40x2.67x4.20x18.97x
Asset Growth %-0.24%-0.29%-0.11%-0.56%-0.01%-0.38%-0.21%-0.38%0.1%-0.69%
Total Current Liabilities+224.78M158.83M130.68M90.92M89.39M81.31M94.99M94.61M11.87M10.69M
Accounts Payable110.27M84.26M61.08M24.33M22.58M6.75M6.29M3.08M0831K
Days Payables Outstanding45.1337.3328.917.7833.4611.79223.444.35-3.07
Short-Term Debt40.08M036.02M36.2M36.22M36.35M36.35M1.29M8.15M5.46M
Deferred Revenue (Current)1000K-1000K1000K1000K619K01000K0192K1000K
Other Current Liabilities5.27M00000088.53M00
Current Ratio3.91x4.92x5.57x4.04x4.05x2.05x1.39x1.15x2.88x2.52x
Quick Ratio2.54x3.58x4.11x2.63x2.20x1.95x1.06x1.21x2.88x2.52x
Cash Conversion Cycle269.6594.17297.28242.94413.0833.41.16K---
Total Non-Current Liabilities+1.4M000046.73M33.33M8.93M7.39M1.07M
Long-Term Debt1.4M0000033.33M8.78M7.39M0
Capital Lease Obligations0000046.73M33.33M157K01.07M
Deferred Tax Liabilities1.4M000000000
Other Non-Current Liabilities000000-33.33M000
Total Liabilities226.18M158.83M130.68M90.92M89.39M128.04M128.31M103.54M19.26M11.77M
Total Debt+40.08M35.63M36.02M36.2M42.01M96.51M83.08M10.55M15.54M6.88M
Net Debt39.56M35.52M33.69M27.19M33.8M84.16M55.2M6.62M11.74M5.83M
Debt / Equity0.04x0.05x0.05x0.13x0.15x0.99x1.68x1.63x0.15x0.26x
Debt / EBITDA0.40x0.26x--6.54x-----
Net Debt / EBITDA0.40x0.26x--5.26x-----
Interest Coverage143.53x7416.22x-2395.16x-142.51x-116.81x-2692.54x-417.00x-652.38x-9.22x
Total Equity+1.09B772.45M694.74M276.02M272.89M97.35M49.56M6.46M102.24M26.24M
Equity Growth %-0.25%-0.29%-0.1%-0.6%-0.01%-0.64%-0.49%-0.87%14.81%-0.74%
Book Value per Share510682.69335604.816242.011842.581347.621324.483850.8030.901842.0179.16
Total Shareholders' Equity1.09B772.45M694.74M276.02M272.89M97.35M50.86M1.05M96.94M25.55M
Common Stock137K151K206K306K397K591K943K1.29M00
Retained Earnings554.92M232.46M144.43M-289.36M-300.97M-358.73M-447.48M-505.39M-655.08M-108.64M
Treasury Stock0000000000
Accumulated OCI-127.72M-129.35M-128.79M275.71M272.5M-262.32M-259.92M-257.61M-254.2M-37.63M
Minority Interest000000-1.31M5.42M5.3M688K

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+161.98M-8.69M-2.05M-6.23M6.29M-313K-8.12M-15.45M-60.35M-15.48M
Operating CF Margin %0.16%-0.01%-0%-0.01%0.02%-0%-0.11%-0.05%-0.12%-0.02%
Operating CF Growth %6.13%-1.05%0.76%-2.05%2.01%-1.05%-24.95%-0.9%-2.91%0.74%
Net Income-339.16M-316.22M-78.28M-418.46M-9.45M-193.06M-89.84M-5.44M-14.34M-10.58M
Depreciation & Amortization68.64M44.95M15.51M11.61M12K12K96K255K361K178K
Stock-Based Compensation00294K619K627K1.14M1.83M2.18M49.46M5.99M
Deferred Taxes00105.44M372.41M11.89M147.92M26.28M000
Other Non-Cash Items407.61M321.02M206K85.02M15.18M15.83M16.23M2.3M-58.56M1.3M
Working Capital Changes24.88M-58.43M-45.22M-57.43M-11.98M27.85M37.28M-14.74M-37.27M-12.38M
Change in Receivables40.02M-67.58M-50.38M-23.31M-21.57M-74.71M-75.5M4.29M-5.37M-16.69M
Change in Inventory16.24M19.03M23.81M8.35M18.82M115.39M119.85M000
Change in Payables-11.9M-26.01M-23.17M-36.76M-1.75M-15.83M-461K464K-3.08M831K
Cash from Investing+-176.74M44.46M-5.55M-1.72M-1.07M2.74M-1.28M-10.49M18.54M-2.59M
Capital Expenditures-164.7M0-5.62M00-46K-1.28M-28K-500K-4.2M
CapEx % of Revenue0.16%-0.01%--0%0.02%0%0%0.01%
Acquisitions----------
Investments----------
Other Investing-12.04M44.46M70K-1.72M-1.07M2.79M0-2.07M11.22M1.51M
Cash from Financing+-47.51M-33.89M9.54M15.45M-5.91M1.33M24.4M2.27M42.8M18.98M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-1.5M000000000
Share Repurchases----------
Other Financing000186K2.96M-14.01M-4.04M-11.85M-23.22M1.42M
Net Change in Cash----------
Free Cash Flow+-2.71M-8.69M-7.66M-6.23M6.29M-359K-9.4M-15.48M-60.85M-19.68M
FCF Margin %-0%-0.01%-0.01%-0.01%0.02%-0%-0.13%-0.05%-0.12%-0.03%
FCF Growth %-1.12%-2.2%0.12%0.19%2.01%-1.06%-25.19%-0.65%-2.93%0.68%
FCF per Share-1275.72-3773.36-68.86-41.6231.05-4.88-730.59-73.99-1096.23-59.39
FCF Conversion (FCF/Net Income)-0.45x0.03x0.02x0.01x-0.66x0.00x0.09x0.26x4.21x0.20x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-28.6%-34.62%-12%-86.26%-3.46%-104.31%-120.83%-211.93%-26.38%-119.8%
Return on Invested Capital (ROIC)5.16%6.96%-7.63%-4.39%1.58%-2.69%-11.29%-2.12%-106.29%-11.74%
Gross Margin12.33%-3.79%6.13%-0.23%24.83%-14.21%1.32%9.51%10.39%-0.02%
Net Margin-35.63%-40.54%-10.71%-84.04%-2.9%-105.52%-124.08%-20.23%-2.81%-10.67%
Debt / Equity0.04x0.05x0.05x0.13x0.15x0.99x1.68x1.63x0.15x0.26x
Interest Coverage143.53x7416.22x-2395.16x-142.51x-116.81x-2692.54x-417.00x-652.38x-9.22x
FCF Conversion-0.45x0.03x0.02x0.01x-0.66x0.00x0.09x0.26x4.21x0.20x
Revenue Growth-1.98%-21.96%3.53%-39.38%-34.25%-44.14%-60.91%310.33%73.95%41.21%

Frequently Asked Questions

Growth & Financials

Antelope Enterprise Holdings Limited (AEHL) reported $924.4M in revenue for fiscal year 2024. This represents a 290% increase from $237.3M in 2011.

Antelope Enterprise Holdings Limited (AEHL) grew revenue by 41.2% over the past year. This is strong growth.

Antelope Enterprise Holdings Limited (AEHL) reported a net loss of $149.3M for fiscal year 2024.

Dividend & Returns

Antelope Enterprise Holdings Limited (AEHL) has a return on equity (ROE) of -119.8%. Negative ROE indicates the company is unprofitable.

Antelope Enterprise Holdings Limited (AEHL) had negative free cash flow of $80.5M in fiscal year 2024, likely due to heavy capital investments.

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