Cenntro Electric Group Limited

Cost of equity

Input	Input value	Additional information
Risk-free rate (%)	3.44	Here, the risk free rate is the US 30 year treasury bond, and is calculated as at 15th September 2022.
Beta	1.33	The figure here is taken from the Financial Times (https://markets.ft.com/data/equities/tearsheet/profile?s=CENN:NAQ), on 16th September 2022.
Equity risk premium (%)	5.26	Here, the equity risk premium is in relation to the global region, and is calculated as at 1st January 2022 (https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html).
Cost of equity (%)	10.44	Cost of equity = Risk-free rate + Beta x Equity risk premium.

Key financials

Description	Value	Commentary
Cost of goods sold as a proportion of revenue (%)	90%	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Operating expenses as a proportion of revenue (%)	209%	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Tax rate (%)	0%	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Depreciation and amortisation as a proportion of revenue (%)	37%	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Fixed capital as a proportion of revenue (%)	0%	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Working capital as a proportion of revenue (%)	65%	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Net borrowing ($000)	$11,000	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.
Interest amount ($000)	$1,070	Stockhub suggests that to account for one-off events, it's best to take the three-year average (median) amount.