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New Times Energy Corporation Ltd (0166) Fair Value & Analysis

Basic Materials · HK · Market cap HK$254M (≈ $32.3M) · ISIN BMG6488Q1454

What is New Times Energy Corporation Ltd really worth?

NT New Times Energy Corporation Ltd 0166 · HK
PriceHK$0.0330
Fair ValueHK$0.0330
Upside+0.0%
Quality57/100

A solid business, currently priced close to our fair value of HK$0.0330.

As of Aug 13, 2026, the fair value of New Times Energy Corporation Ltd is HK$0.0330 per share against a price of HK$0.0330, so the fair value sits 0% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y +24.3 %/yr)
!Loss-making · -5.2% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/8)
!Narrow moat 3/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 21 out of 100
Evidence: Low Range HK$0.0300 – HK$0.0360

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0353 to HK$0.0330 (−6.5%) since Aug 2, 2026. Share price +6.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

HK$0.1670 HK$0.0290 Fair Value HK$0.0330 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0290 – HK$0.1670 · fair‑value band HK$0.0300 – HK$0.0360 · the HK$0.0330 price screens below the HK$0.0330 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

New Times Energy Corporation Ltd (0166) currently trades at HK$0.0330, while our model-based Fair Value estimate is HK$0.0330, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, New Times Energy Corporation Ltd generated revenue of HK$14.9B at a net margin of −5.2%. Revenue grew 56.8% year over year. It earns a return on equity of −13.8%. The balance sheet holds a net cash position of HK$377M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0300 (bear case) to HK$0.0360 (bull case); at HK$0.0330, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at 0%, 0166 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) best evidence HK$0.0600 HK$0.0800 HK$0.1100 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence HK$0.0600 HK$0.0800 HK$0.1100 54

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Key figures & financial health

EPS (TTM) HK$−0.0100
Net margin −1.0% FY2025
Return on equity −13.8% TTM
Return on assets (EBIT) −8.1% avg 5y
Operating margin −1.0% TTM
Revenue (TTM) HK$14.9B TTM
More key figures
Growth
Revenue growth (YoY) +56.8% 3y avg −10.6%
EPS growth (YoY) −73.1%
Balance sheet & cash flow
Free cash flow −HK$95.3M FY2025
Net cash HK$377M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 27

Profitability 21
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

New Times Corporation Limited, an investment holding company, engages in exploration, development, and production of natural resources in Hong Kong and Canada. It operates through two segments: Energy Upstream and Industrial Park Development; and Precious Metals Refinery and Trading.

Full company description

New Times Corporation Limited, an investment holding company, engages in exploration, development, and production of natural resources in Hong Kong and Canada. It operates through two segments: Energy Upstream and Industrial Park Development; and Precious Metals Refinery and Trading. The company sells oil and gas products, as well as engages in the refinery and trading of precious metals, such as gold and silver; and energy transition business. It also holds 800 active wells, spanning approximately 761,000 acres, located in Alberta and British Columbia. In addition, it operates industrial park that offers industrial land, buildings, and warehouses for lease. The company was formerly known as New Times Energy Corporation Limited and changed its name to New Times Corporation Limited in August 2024. New Times Corporation Limited is headquartered in Central, Hong Kong. New Times Corporation Limited operates as a subsidiary of Max Sun Enterprises Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

New Times Energy Corporation Ltd reported revenue of HK$14.9B in FY2025 versus HK$11.2B in FY2021, a compound +7.5%/yr. Reported net income was −HK$149M in FY2025.

Growth Quality 36/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$14.9B
Latest YoY
+37.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.3%
Avg. revenue growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.9%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−0.3% (2020) → −1.2% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +7.5%/yr
FY21 HK$11.2B
FY22 HK$20.9B
FY23 HK$26.2B
FY24 HK$10.9B
FY25 HK$14.9B
Net income
FY21 HK$329M
FY22 HK$286M
FY23 −HK$151M
FY24 −HK$87.4M
FY25 −HK$149M

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Cite: Fair Value Calculator (2026). "New Times Energy Corporation Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0166.HK

Peer Group

Other Industrial Metals & Mining · 469 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Top 25%
Fair Value upside −9% · Above median
Return on assets −7% · Below median
Net margin (TTM) −5% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Revenue growth 57% · Top 25%

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE21 · sector 0
FUTURE100 · sector 38
PAST0 · sector 0
HEALTH100 · sector 96
DIVIDEND0 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHP A$66.84 A$42.16 −37%
Vale S.A VALE $15.31 $8.95 −42%
Saudi Arabian Mining Company 1211 65.50 SAR 33.87 SAR −48%
CMOC Group 603993 ¥18.42 ¥16.15 −12%
Teck Resources Limited TECK $69.34 $32.02 −54%
Hindustan Zinc Limited HINDZINC ₹573.00 ₹508.34 −11%
China Tungsten And Hightech Materials Co 000657 ¥66.76 ¥9.55 −86%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 −74%
Western Mining Co 601168 ¥37.85 ¥25.99 −31%
Boliden AB BOL kr 527.80 kr 461.48 −13%

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Frequently asked questions

Is New Times Energy Corporation Ltd (0166) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0330 versus a price of HK$0.0330, about +0% upside (fairly valued).
What is the fair value of 0166?
Our model-based fair value for New Times Energy Corporation Ltd is HK$0.0330 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$0.0330.
What is the quality score of 0166?
New Times Energy Corporation Ltd has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for New Times Energy Corporation Ltd (0166)?
Our model-based price target is the fair value of HK$0.0330 (as of Aug 13, 2026) from 1 valuation models. Cautious scenario HK$0.0300, optimistic scenario HK$0.0360. It is a calculation from audited fundamentals, not an analyst target.
What is the New Times Energy Corporation Ltd stock forecast for 2026?
Our models put fair value at HK$0.0330, about +0% upside versus a price of HK$0.0330 (fairly valued). Cautious scenario HK$0.0300, optimistic scenario HK$0.0360. The calculation is refreshed regularly with new filings.
What is the revenue of New Times Energy Corporation Ltd (0166)?
New Times Energy Corporation Ltd reported trailing-twelve-month revenue of about HK$14.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0166?
The net profit margin of New Times Energy Corporation Ltd is about −5.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
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