IRICO Group New Energy Company Limited (0438.HK)

IRICO Group New Energy Company Limited (0438.HK) — VMCI valuation read

0438.HK screens at VMCI 34/100, a 16-point gap below the Energy sector median (50). For a mid-cap IRICO Group New Energy Company Limited share, that placement says the multi-pillar composite is richer or lower quality than the typical peer on a like-for-like basis.

0438.HK has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: 0438.HK trades at 18.0x earnings, 0% above the Energy median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Energy group. Quality: ROIC of 12.0% sits 2.0pp above the Energy median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of -1.2x leaves covenant headroom, which sets the rate-cycle exposure for IRICO Group New Energy Company Limited.

0438.HK held flat 0.0% over the trailing 7 days, with a -15.6% read on a 30-day basis.