Tingo Financials

TIO Stock   0.02  0  14.63%   
Based on the analysis of Tingo's profitability, liquidity, and operating efficiency, Tingo Group may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Tingo's Cash is very stable compared to the past year. As of the 28th of November 2024, Non Current Assets Total is likely to grow to about 1.4 B, while Short and Long Term Debt Total is likely to drop about 3.2 M. Key indicators impacting Tingo's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio3.481.8
Way Up
Slightly volatile
The essential information of the day-to-day investment outlook for Tingo includes many different criteria found on its balance sheet. An individual investor should monitor Tingo's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Tingo.

Net Income

291.5 Million

  
Understanding current and past Tingo Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Tingo's financial statements are interrelated, with each one affecting the others. For example, an increase in Tingo's assets may result in an increase in income on the income statement.

Tingo Stock Summary

Tingo competes with Rigetti Computing, Quantum Computing, IONQ, Desktop Metal, and Quantum. Tingo is entity of United States. It is traded as Stock on NASDAQ exchange.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS55328R1095
Business Address28 West Grand
SectorElectronic Equipment, Instruments & Components
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.tingogroup.com
Phone201 225 0190

Tingo Key Financial Ratios

Tingo Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets5.9M77.7M177.8M1.7B1.9B2.0B
Other Current Liab290K4.8M4.2M68.2M78.5M82.4M
Net Debt(1.3M)(28.0M)(91.3M)(497.4M)(447.6M)(425.2M)
Retained Earnings(17.0M)(40.0M)(76.4M)(123.5M)(111.1M)(105.6M)
Accounts Payable0.0838K14.4M11.1M12.8M13.4M
Cash3.2M29.0M94.9M500.3M575.4M604.1M
Net Receivables292K523K24.0M11.5M13.3M8.5M
Inventory4.3M960K2.0M1.00.90.86
Other Current Assets971K1.9M6.8M4.1M4.7M5.0M
Total Liab2.7M12.0M30.1M909.4M1.0B1.1B
Total Current Assets4.4M33.3M127.5M531.2M610.9M641.4M
Common Stock11K68K122K158K181.7K190.8K

Tingo Key Income Statement Accounts

201920202021202220232024 (projected)
Total Revenue477K1.2M55.7M146.0M2.5B2.7B
Gross Profit(369K)(58K)9.2M64.8M929.0M975.5M
Operating Income(3.9M)(16.6M)(37.9M)(11.8M)551.9M579.5M
Ebit(3.9M)(16.6M)(37.9M)22.4M20.1M21.2M
Ebitda(3.8M)(14.7M)(34.8M)28.0M25.2M26.4M
Cost Of Revenue846K1.2M46.5M81.2M1.6B1.7B
Income Before Tax(4.8M)(24.0M)(38.9M)(10.4M)480.1M504.1M
Net Income(4.2M)(23.0M)(36.4M)(47.1M)277.6M291.5M
Income Tax Expense17K(326K)(1.8M)37.5M43.1M45.2M
Research Development255K484K889K1.7M1.2M1.2M

Tingo Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory348K(5K)(6.6M)12.5M14.3M15.1M
Change In Cash1.0M25.9M67.8M403.5M(19.0M)(18.0M)
Free Cash Flow(3.9M)(8.3M)(34.2M)(17.3M)(392.9M)(373.3M)
Depreciation88K1.8M3.1M39.8M322.2M338.3M
Other Non Cash Items231K9.3M9.9M6.4M64.5M67.7M
Capital Expenditures57K32K1.2M63.3M774.9M813.6M
Net Income(4.8M)(23.6M)(37.2M)(48.6M)277.6M291.5M
End Period Cash Flow3.2M29.0M97.3M502.5M178.4M187.3M

Tingo Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Tingo's current stock value. Our valuation model uses many indicators to compare Tingo value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tingo competition to find correlations between indicators driving Tingo's intrinsic value. More Info.
Tingo Group is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about  0.81  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Tingo Group is roughly  1.24 . At this time, Tingo's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tingo's earnings, one of the primary drivers of an investment's value.

Tingo Group Systematic Risk

Tingo's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Tingo volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Tingo Group correlated with the market. If Beta is less than 0 Tingo generally moves in the opposite direction as compared to the market. If Tingo Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Tingo Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Tingo is generally in the same direction as the market. If Beta > 1 Tingo moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Tingo Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Tingo's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Tingo growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.2)

At this time, Tingo's Price Earnings To Growth Ratio is very stable compared to the past year.

Tingo November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Tingo help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Tingo Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tingo Group based on widely used predictive technical indicators. In general, we focus on analyzing Tingo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tingo's daily price indicators and compare them against related drivers.
When determining whether Tingo Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tingo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tingo Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tingo Group Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tingo Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tingo. If investors know Tingo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tingo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.45
Revenue Per Share
15.292
Quarterly Revenue Growth
41.613
Return On Assets
0.3485
Return On Equity
0.4324
The market value of Tingo Group is measured differently than its book value, which is the value of Tingo that is recorded on the company's balance sheet. Investors also form their own opinion of Tingo's value that differs from its market value or its book value, called intrinsic value, which is Tingo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tingo's market value can be influenced by many factors that don't directly affect Tingo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tingo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tingo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tingo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.