Latest Ratios: P/E Ratio -0.3x · EV/EBITDA N/A · ROE -54.0%. (2007–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $990983 | $96M | $18M | $35M | $30M | $8M | $7M | $4M | $7M | $8M | $6M |
| Enterprise Value | $3M | $97M | $24M | $46M | $30M | $17M | $91M | $35M | $32M | $42M | $42M |
| P/E Ratio → | -0.32 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.01 | 1.18 | 0.18 | 0.07 | 0.10 | 0.73 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/B Ratio | 0.17 | 3.55 | 0.69 | 0.34 | 31.86 | 1.05 | 0.08 | 0.02 | 0.02 | 0.02 | 0.02 |
| P/FCF | — | — | — | — | — | — | — | 0.66 | — | — | — |
| P/OCF | — | — | — | — | — | — | — | 0.66 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.20 | 0.24 | 0.09 | 0.10 | 1.50 | 0.53 | 0.11 | 0.06 | 0.05 | 0.05 |
| EV / EBITDA | — | — | — | — | — | 1.36 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | 5.55 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.2% | 0.2% | -0.1% | 10.4% | 9.7% | 8.4% | -14.2% | 24.8% | -0.2% | 6.0% | -4.7% |
| Operating Margin | -13.4% | -13.4% | -11.6% | -17.3% | -3.9% | -13.9% | -116.0% | -7.3% | -86.6% | -6.1% | -11.1% |
| Net Profit Margin | -17.7% | -17.7% | -10.7% | -0.4% | -20.2% | -780.7% | -105.5% | -2.9% | -84.0% | -10.7% | -40.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -54.0% | -54.0% | -16.4% | -3.9% | -1355.0% | -167.0% | -99.5% | -3.5% | -88.8% | -11.6% | -36.2% |
| ROA | -38.2% | -38.2% | -13.2% | -3.0% | -269.7% | -69.3% | -62.6% | -2.6% | -72.3% | -9.7% | -30.0% |
| ROIC | -26.9% | -26.9% | -11.8% | -114.6% | -95.1% | -1.2% | -62.5% | -5.9% | -64.8% | -4.8% | -7.3% |
| ROCE | -39.5% | -39.5% | -16.7% | -141.7% | -81.8% | -2.0% | -97.0% | -8.7% | -91.6% | -6.7% | -9.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.26 | 0.15 | 1.64 | 1.68 | 0.99 | 0.15 | 0.13 | 0.05 | 0.05 |
| Debt / EBITDA | — | — | — | — | — | 1.05 | — | — | — | — | — |
| Net Debt / Equity | — | 0.06 | 0.22 | 0.11 | 0.70 | 1.11 | 0.86 | 0.11 | 0.09 | 0.05 | 0.05 |
| Net Debt / EBITDA | — | — | — | — | — | 0.70 | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | 4.89 | — | — | — |
| Interest Coverage | -6.88 | -6.88 | -9.22 | -12.40 | -201.26 | -394.42 | -77.24 | -75.45 | — | -236.72 | -1047.46 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.89 | 2.89 | 2.52 | 2.88 | 5.57 | 1.39 | 2.05 | 4.05 | 4.04 | 5.57 | 4.92 |
| Quick Ratio | 2.89 | 2.89 | 2.52 | 2.88 | 5.57 | 1.06 | 1.41 | 2.20 | 2.63 | 4.11 | 3.58 |
| Cash Ratio | 0.20 | 0.20 | 0.10 | 0.32 | 2.40 | 0.29 | 0.15 | 0.12 | 0.12 | 0.02 | 0.00 |
| Asset Turnover | — | 2.19 | 2.60 | 4.21 | 18.43 | 0.40 | 0.77 | 0.91 | 1.41 | 0.96 | 0.89 |
| Inventory Turnover | 16184.23 | 16184.23 | — | — | — | 2.07 | 3.79 | 1.50 | 4.07 | 3.89 | 4.09 |
| Days Sales Outstanding | — | 99.22 | 74.59 | 10.87 | 1.07 | 262.37 | 213.79 | 197.67 | 158.27 | 245.40 | 248.92 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | 151.8% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $4M | $331480 | $55505 | $20922 | $2144 | $1225 | $844 | $624 | $464 | $384 |
Structural insolvency and liquidity
According to current market data, AEHL trades at a P/S multiple of 0.01, a figure that suggests investors have largely abandoned expectations for a recovery, viewing the company as a distressed asset rather than a viable industrial entity within the broader Chinese construction materials sector.
The extremely low P/S ratio indicates that the market is pricing in a high probability of terminal value impairment rather than cyclical recovery. This valuation level is consistent with companies facing existential threats, where traditional growth-based metrics like P/E or PEG are rendered irrelevant by persistent negative earnings.
Based on reported financial statements, AEHL's ROIC has remained consistently negative, with a -13.6% reading in 2024Q4, illustrating a long-term inability to generate returns on invested capital that exceed the company's cost of capital, thereby eroding shareholder value over successive reporting periods.
The inability to achieve positive returns on capital suggests that the company's core manufacturing assets are failing to produce sufficient economic profit. This trend of decaying returns highlights a structural inefficiency that likely stems from underutilized production capacity and an inability to command pricing power in a commoditized market.
As reported in recent filings, AEHL's asset turnover ratio of 1.67 in 2024Q4, while showing slight volatility, fails to mask the underlying operational inefficiencies, as the company struggles to convert its remaining industrial assets into meaningful revenue amidst a broader contraction in the Chinese property market.
The erratic nature of the company's asset turnover suggests that management is unable to optimize its production footprint to match current demand levels. Investors should monitor whether the company can stabilize its asset utilization, as the current efficiency metrics appear insufficient to support a return to operational profitability.
Based on the 2024Q4 balance sheet, AEHL maintains a current ratio of 2.52, yet this figure may be misleading given the company's ongoing cash burn and the potential for uncollectible accounts receivable within the distressed Chinese real estate developer client base, warranting extreme caution.
While the current ratio appears superficially healthy, the lack of high-quality liquid assets suggests that the company may face severe difficulty meeting short-term obligations if revenue continues to decline. The reliance on receivables in a sector currently undergoing a liquidity crisis poses a significant risk to the company's solvency.
The debt-to-equity ratio of 0.26 is frequently misapplied by market participants as a sign of financial strength, whereas in the context of AEHL, it likely reflects a structural inability to access credit markets rather than a deliberate or conservative capital allocation strategy.
Investors often mistake low leverage for balance sheet health, but for a company with negative margins and shrinking assets, it more likely indicates that lenders have deemed the business unbankable. Relying on this ratio obscures the reality that the company lacks the collateral or cash flow to support meaningful debt, making it a poor indicator of financial stability.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying AEHL stock.
Antelope Enterprise Holdings Limited's current P/E ratio is -0.3x. The historical average is 0.4x.
Antelope Enterprise Holdings Limited's return on equity (ROE) is -54.0%. The historical average is -14.8%.
Based on historical data, Antelope Enterprise Holdings Limited is trading at a P/E of -0.3x. Compare with industry peers and growth rates for a complete picture.
Antelope Enterprise Holdings Limited has 0.2% gross margin and -13.4% operating margin.