Is Tingo Group, Inc. overvalued or undervalued?

As of 15 May 2023, Tingo Group, Inc. has moved from a risky to a very attractive valuation grade, indicating a significant positive shift in its perceived value. The company appears to be undervalued, especially given its impressive ROCE of 42.07% and ROE of 25.75%. Key ratios such as the EV to EBIT at 0.29 and EV to EBITDA at 0.18 further support this valuation perspective, suggesting that the company is generating substantial earnings relative to its enterprise value.
In comparison to peers, Tingo Group's P/E ratio is notably low at 0.0181, while the industry average is significantly higher, indicating a potential mispricing. Additionally, the company's EV to Sales ratio of 0.06 reinforces the undervaluation narrative. Despite a recent decline in stock performance over the past month, the year-to-date return of 130.00% compared to the S&P 500's 2.44% highlights the potential for recovery and growth in the long term.