New Times Energy Corporation Limited (0166) AI Stock Analysis

• Market Cap: HK$410.86M
• Dividend Yield: N/A
• Average Volume (3M): 4.34M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: -4.27%
• EPS Growth: 47.58%
• Country: HK
• Employees: 134
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 8,741,777,000
• 10 Day Avg. Volume: 11,132,800
• 30 Day Avg. Volume: 4,337,550
• PEG Ratio: 0.12
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.04
• P/FCF Ratio: -1.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: HK$0.05 ▲(22.50% Upside)

The score is primarily held down by weak financial performance—sharp revenue decline, negative profitability, and lack of operating/free cash flow—despite a strong low-debt balance sheet. Technicals provide some offset with price trading above major moving averages, while valuation remains pressured due to losses (negative P/E) and no stated dividend yield.

Positive Factors

Strong capital structure

A very high equity ratio and near-zero leverage materially reduce insolvency and refinancing risk. Over the next 2–6 months this durable capital structure provides a long runway to absorb cyclical downturns in industrial materials and fund strategic choices without forced asset sales.

Low reliance on debt financing

Minimal debt lowers fixed interest obligations and preserves cashflow flexibility. This structural advantage supports discretionary investment or M&A, and limits vulnerability to rising rates, improving the firm's ability to execute multi‑quarter recovery plans without heavy financing costs.

Lean operating footprint

A compact workforce can translate to lower fixed overhead and faster operational pivots. Over several months a lean headcount makes cost restructuring and margin recovery easier to implement, helping the company scale variable costs with any rebound in industrial demand.

Negative Factors

Sharp revenue contraction

A sustained ~58% revenue drop signals loss of end‑market demand or market share; this materially weakens scale economies, bargaining power with suppliers, and fixed cost absorption. Absent a clear revenue recovery path, margins and long‑term competitiveness will remain impaired.

No operating or free cash flow

The absence of operating and free cash flow indicates persistent internal funding shortfalls. Over 2–6 months this forces reliance on external financing or equity, constrains capex and working capital, and raises the risk that operational plans cannot be sustained without dilutive or costly funding.

Negative profitability and returns

Consistently negative margins and ROE reflect structural profitability issues, not short‑term volatility. Persistent losses will erode equity cushions, limit reinvestment capacity, and impair investor confidence, making it harder to restore sustainable returns without material business model changes.

New Times Energy Corporation Limited Business Overview & Revenue Model

Company Description

New Times Energy Corporation Limited, an investment holding company, engages in the oil and gas exploration and production business. It operates in two segments, Upstream; and General and Commodities Refinery and Trading. The company trades in non-ferrous metals, gold, and petroleum-related products; and explores, develops, produces, and sells crude oil. It also holds a 69.25% interest in the Tartagal Oriental and Morillo concessions located in the province of Salta; and 50% interest in the Los Blancos Concession covering an area of 95 square kilometers located in the province of Salta, Northern Argentina. New Times Energy Corporation Limited was incorporated in 1998 and is headquartered in Central, Hong Kong. New Times Energy Corporation Limited operates as a subsidiary of Max Sun Enterprises Limited.

How the Company Makes Money

New Times Energy generates revenue primarily through the production and sale of crude oil and natural gas. The company operates its own exploration and production assets, which provide a steady stream of income from the sale of hydrocarbons. Additionally, it may engage in joint ventures or partnerships with other energy companies to enhance its operational capacity and reach. The company also explores opportunities in renewable energy projects, which can contribute to revenue diversification. Fluctuations in global oil prices significantly impact its earnings, along with operational efficiency and cost management strategies employed by the company.

New Times Energy Corporation Limited Financial Statement Overview

Summary

Income statement weakness (revenue down -58.32% with negative gross/EBIT/EBITDA and net margins) and very weak cash generation (no operating cash flow and no free cash flow in 2024) outweigh the relatively strong, low-leverage balance sheet (equity ratio 74.46%, debt-to-equity 0.02).

Income Statement

The company has experienced a significant decline in revenue from 2023 to 2024, with a negative revenue growth rate of -58.32%. Additionally, the company is facing negative gross profit margins and net profit margins, indicating struggles with profitability. The EBIT and EBITDA margins are also negative, further highlighting operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 74.46% for 2024, indicating a solid capital structure. The debt-to-equity ratio is low at 0.02, reflecting minimal reliance on debt financing. However, the return on equity is negative due to net losses, pointing to challenges in generating shareholder returns.

Cash Flow

The cash flow statement shows significant issues, with no operating cash flow and free cash flow for 2024, indicating potential liquidity problems. The absence of free cash flow growth and negative free cash flow in prior years suggest ongoing cash management difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.46B	10.90B	26.15B	20.91B	11.17B	5.03B
Gross Profit	-271.20M	-199.30M	-136.90M	421.46M	90.66M	23.50M
EBITDA	-181.90M	-135.10M	72.80M	423.19M	395.12M	-37.38M
Net Income	-123.60M	-87.40M	-150.50M	285.90M	329.40M	-79.48M
Balance Sheet
Total Assets	1.50B	1.43B	1.70B	2.17B	1.74B	1.02B
Cash, Cash Equivalents and Short-Term Investments	502.80M	517.70M	832.10M	907.08M	642.57M	783.59M
Total Debt	21.50M	23.90M	22.00M	29.10M	30.98M	152.73M
Total Liabilities	480.80M	364.70M	508.30M	843.79M	634.87M	262.21M
Stockholders Equity	1.02B	1.06B	1.19B	1.32B	1.10B	759.01M
Cash Flow
Free Cash Flow	-103.50M	-264.40M	-65.10M	330.06M	95.18M	-72.48M
Operating Cash Flow	-80.00M	-208.00M	11.30M	538.43M	103.15M	-71.27M
Investing Cash Flow	-32.50M	-77.80M	-77.00M	-97.99M	-88.35M	-51.02M
Financing Cash Flow	-7.00M	-8.30M	-16.90M	-4.53M	-150.60M	-8.09M

New Times Energy Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0166, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.50 is Neutral, neither overbought nor oversold. The STOCH value of 51.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0166.

New Times Energy Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2623	66 Neutral	HK$1.58B	19.02	14.56%	―	-70.82%	5182.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0166	47 Neutral	HK$410.86M	-3.33	-11.40%	―	-4.27%	47.58%
2237	44 Neutral	HK$544.00M	-61.82	-1.88%	―	-23.72%	-196.49%
0433	41 Neutral	HK$1.14B	-3.58	-4702.63%	―	0.41%	83.35%
6128	38 Underperform	HK$249.45M	-1.23	-23.14%	―	-27.07%	47.86%

New Times Energy Corporation Limited Corporate Events

New Times Corporation Fully Exits Argentine Oil Assets With Sale of High Luck Group

New Times Corporation Limited has exited its upstream oil and gas operations in Northern Argentina by selling the entire issued share capital of its wholly owned subsidiary High Luck Group Limited, which holds a 50% stake in the Los Blancos oil exploitation concession, to independent third party Lantau Tomorrow Development Inc. for a consideration agreed on an arm’s length basis. The disposal, which completed on the date of the sale and purchase agreement, means High Luck Group will no longer be consolidated into the group’s financial statements and New Times has fully divested its Argentinian assets; management says the move is part of a broader strategy to streamline operations, reallocate capital to other business segments and reduce geopolitical and operational risk exposure, with the deal deemed fair, reasonable and in the interests of shareholders, though it is small enough not to qualify as a notifiable transaction under Hong Kong listing rules.

The most recent analyst rating on (HK:0166) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on New Times Energy Corporation Limited stock, see the HK:0166 Stock Forecast page.

New Times Energy Granted Waiver for Circular Dispatch Delay

New Times Energy Corporation Limited, incorporated in Bermuda, has been granted a waiver by the Hong Kong Stock Exchange to delay the dispatch of a circular related to the disposal of shares of a subsidiary. The delay is due to the additional time needed to prepare financial information, including statements of indebtedness and sufficiency of working capital. The waiver allows the company until 14 November 2025 to dispatch the circular, with the condition that the waiver is subject to change if the company’s situation changes.