Buy Or Sell Opportunity • Jul 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to CN¥31.68. The fair value is estimated to be CN¥40.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥41.18, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 6.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.78 per share. Announcement • Jun 30
Shenzhen KSTAR Science and Technology Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • May 25
Dividend of CN¥0.45 announced Shareholders will receive a dividend of CN¥0.45. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 125% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥57.68, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.19 per share. Reported Earnings • Apr 27
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.24 (up from CN¥0.19 in 1Q 2025). Revenue: CN¥1.24b (up 32% from 1Q 2025). Net income: CN¥138.6m (up 25% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 27
Shenzhen KSTAR Science and Technology Co., Ltd., Annual General Meeting, May 18, 2026 Shenzhen KSTAR Science and Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 16:30 China Standard Time. Location: Kstar Industrial Park, Qihao Road, West District, Hi-tech Park, Guangming District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥47.69, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 18% over the past three years. Announcement • Dec 31
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Price Target Changed • Dec 17
Price target increased by 8.8% to CN¥55.43 Up from CN¥50.96, the current price target is an average from 5 analysts. New target price is 14% above last closing price of CN¥48.48. Stock is up 159% over the past year. The company is forecast to post earnings per share of CN¥1.09 for next year compared to CN¥0.68 last year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥53.60, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 10% over the past three years. Price Target Changed • Oct 29
Price target increased by 8.1% to CN¥50.96 Up from CN¥47.13, the current price target is an average from 4 analysts. New target price is 15% above last closing price of CN¥44.48. Stock is up 130% over the past year. The company is forecast to post earnings per share of CN¥1.10 for next year compared to CN¥0.68 last year. Reported Earnings • Oct 27
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: CN¥0.33 (up from CN¥0.23 in 3Q 2024). Revenue: CN¥1.45b (up 42% from 3Q 2024). Net income: CN¥190.5m (up 38% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Oct 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Oct 07
Shenzhen KSTAR Science and Technology Co., Ltd. Unveils New-Generation CDU Liquid Cooling Solution to Empower AI Data Centers The global rise of AI Data Centers is driving an unprecedented demand for power-dense computing, making advanced liquid cooling not merely an option, but a critical path forward. Shenzhen KSTAR Science and Technology Co., Ltd. announced the official launch of its new-generation Coolant Distribution Unit (CDU), a core product of its LiquiX liquid cooling portfolio. This CDU solution is designed to address the surging demand for high-density computing and green infrastructure. Relying on CDU Liquid Cooling Solution to focus on four core breakthroughs: High-density Heat Dissipation: With the rapid rise of AI computing and high-density servers, traditional air cooling has reached its limits. KSTAR CDU uses advanced liquid cooling technology, provides full-chain natural cooling up to 600kW, achieving 400% higher heat dissipation per unit area and 600% higher energy efficiency compared to traditional air cooling. Flexible Deployment: With both rack-mounted and standalone CDU options, KSTAR enables scalable deployment across single-cabinet,row-level, and multi-row configurations. Operators can customize cooling strategies based on different AI workloads and infrastructure needs. Zero Risk of Leakage: KSTAR's CDU products utilize a fully compatible design and multiple protection technologies to create a highly reliable fluid safety system. Seals, wetted filters, and pipe contact surfaces are fully compatible with the fluid, fundamentally eliminating the risk of leakage caused by material corrosion. Lower TCO, Higher Reliability: By minimizing electricity consumption and extending IT equipment lifespan, the CDU offers a low total cost of ownership (TCO) - a key demand in data center markets. The CDU incorporates redundant design for uninterrupted operation, intelligent monitoring, and remote operations management across global sites. The launch of KSTAR's CDU empower digital transformation while driving sustainable development. Through continuous innovation, KSTAR is reshaping the future of sustainable computing power and building a stable, reliable energy foundation for the intelligent world. Announcement • Sep 30
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥39.37, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 2.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.53 per share. Price Target Changed • Sep 01
Price target increased by 25% to CN¥35.18 Up from CN¥28.05, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥37.00. Stock is up 132% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥0.68 last year. New Risk • Aug 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 28
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.15 in 2Q 2024). Revenue: CN¥1.22b (up 15% from 2Q 2024). Net income: CN¥144.3m (up 70% from 2Q 2024). Profit margin: 12% (up from 8.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.82, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Electrical industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.15 per share. Announcement • Jul 02
Shenzhen KSTAR Science and Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Price Target Changed • Jun 09
Price target increased by 9.9% to CN¥28.05 Up from CN¥25.51, the current price target is an average from 3 analysts. New target price is 23% above last closing price of CN¥22.72. Stock is up 19% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.68 last year. Declared Dividend • May 22
Dividend reduced to CN¥0.23 Dividend of CN¥0.23 is 49% lower than last year. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 133% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 01
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥5.62b to CN¥5.25b. EPS estimate also fell from CN¥1.29 per share to CN¥1.11 per share. Net income forecast to grow 83% next year vs 44% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥25.89. Share price rose 4.8% to CN¥22.55 over the past week. Reported Earnings • Apr 25
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CN¥0.19 (down from CN¥0.23 in 1Q 2024). Revenue: CN¥943.4m (up 14% from 1Q 2024). Net income: CN¥111.1m (down 17% from 1Q 2024). Profit margin: 12% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Apr 25
Shenzhen KSTAR Science and Technology Co., Ltd., Annual General Meeting, May 15, 2025 Shenzhen KSTAR Science and Technology Co., Ltd., Annual General Meeting, May 15, 2025, at 16:30 China Standard Time. Location: Kstar Industrial Park, Qihao Road, West District, Hi-tech Park, Guangming District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥21.20, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.67 per share. Announcement • Mar 31
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Price Target Changed • Mar 12
Price target increased by 27% to CN¥25.51 Up from CN¥20.11, the current price target is an average from 4 analysts. New target price is 16% below last closing price of CN¥30.44. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.87 for next year compared to CN¥1.45 last year. Buy Or Sell Opportunity • Feb 14
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥26.50. The fair value is estimated to be CN¥21.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Dec 31
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥22.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electrical industry in China. Total loss to shareholders of 4.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.82 per share. Price Target Changed • Nov 08
Price target increased by 8.2% to CN¥20.11 Up from CN¥18.58, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥20.69. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥1.45 last year. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.33 in 3Q 2023). Revenue: CN¥1.02b (down 18% from 3Q 2023). Net income: CN¥137.7m (down 28% from 3Q 2023). Profit margin: 14% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥17.81, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 36% over the past three years. Announcement • Sep 30
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.16, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 30% over the past three years. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.54 to CN¥1.21. Revenue forecast unchanged from CN¥4.73b at last update. Net income forecast to grow 49% next year vs 45% growth forecast for Electrical industry in China. Consensus price target down from CN¥22.44 to CN¥19.78. Share price was steady at CN¥16.03 over the past week. Price Target Changed • Aug 30
Price target decreased by 7.7% to CN¥22.44 Down from CN¥24.33, the current price target is an average from 5 analysts. New target price is 38% above last closing price of CN¥16.31. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥1.54 for next year compared to CN¥1.45 last year. Reported Earnings • Aug 29
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.46 in 2Q 2023). Revenue: CN¥1.06b (down 25% from 2Q 2023). Net income: CN¥84.8m (down 68% from 2Q 2023). Profit margin: 8.0% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Shenzhen KSTAR Science and Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 11
Dividend increased to CN¥0.45 Dividend of CN¥0.45 is 29% higher than last year. Ex-date: 16th May 2024 Payment date: 16th May 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Shenzhen KSTAR Science and Technology Co., Ltd. Implements 2023 Final Profit Distribution Plan of A Shares, Payable on; 16 May 2024 Shenzhen KSTAR Science and Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 4.50000000. Record date: 15 May 2024, Ex-date: 16 May 2024, Payment date: 16 May 2024. Announcement • May 10
Shenzhen KSTAR Science and Technology Co., Ltd. Approves Cash Dividend for the Year 2023 Shenzhen KSTAR Science and Technology Co., Ltd. at its Annual General Meeting held on 06 May 2024, approved cash dividend/10 shares (tax included) of CNY 4.50000000 for the year 2023. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.40 in 1Q 2023). Revenue: CN¥831.1m (down 41% from 1Q 2023). Net income: CN¥134.4m (down 43% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥1.45 (up from CN¥1.13 in FY 2022). Revenue: CN¥5.44b (up 24% from FY 2022). Net income: CN¥845.5m (up 29% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Shenzhen KSTAR Science and Technology Co., Ltd., Annual General Meeting, May 06, 2024 Shenzhen KSTAR Science and Technology Co., Ltd., Annual General Meeting, May 06, 2024, at 16:30 China Standard Time. Location: Kstar Industrial Park, Qihao Road, West District, Hi-tech Park, Guangming District, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.97, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.69 per share. Buy Or Sell Opportunity • Jan 22
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to CN¥24.18. The fair value is estimated to be CN¥31.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Buying Opportunity • Jan 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be CN¥34.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 85% in 2 years. Earnings is forecast to grow by 61% in the next 2 years. Announcement • Dec 30
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Buying Opportunity • Nov 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be CN¥34.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 85% in 2 years. Earnings is forecast to grow by 61% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥28.34, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.38 per share. Price Target Changed • Nov 06
Price target decreased by 9.8% to CN¥35.48 Down from CN¥39.34, the current price target is an average from 5 analysts. New target price is 26% above last closing price of CN¥28.24. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.13 last year. Major Estimate Revision • Nov 06
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.56b to CN¥5.30b. EPS estimate fell from CN¥1.63 to CN¥1.60 per share. Net income forecast to grow 29% next year vs 60% growth forecast for Electrical industry in China. Consensus price target down from CN¥39.34 to CN¥37.09. Share price was steady at CN¥27.08 over the past week. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.33 (down from CN¥0.41 in 3Q 2022). Revenue: CN¥1.25b (up 2.2% from 3Q 2022). Net income: CN¥190.8m (down 17% from 3Q 2022). Profit margin: 15% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Oct 01
Shenzhen KSTAR Science and Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Shenzhen KSTAR Science and Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.28 in 2Q 2022). Revenue: CN¥1.42b (up 48% from 2Q 2022). Net income: CN¥267.4m (up 63% from 2Q 2022). Profit margin: 19% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 10
Price target decreased by 12% to CN¥55.62 Down from CN¥63.30, the current price target is an average from 4 analysts. New target price is 38% above last closing price of CN¥40.28. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥1.80 for next year compared to CN¥1.13 last year. Announcement • May 11
Shenzhen KSTAR Science and Technology Co., Ltd. Approves Cash Dividend for 2022 Shenzhen KSTAR Science and Technology Co., Ltd. at the Annual General Meeting of 2022 on 5 May 2023, approved Cash dividend per 10 shares (tax included) of CNY 3.50000000. Major Estimate Revision • Apr 18
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥6.43b to CN¥7.25b. EPS estimate increased from CN¥1.59 to CN¥1.77 per share. Net income forecast to grow 57% next year vs 51% growth forecast for Electrical industry in China. Consensus price target up from CN¥59.86 to CN¥62.58. Share price was steady at CN¥48.77 over the past week. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: CN¥1.13 (vs CN¥0.64 in FY 2021) Full year 2022 results: EPS: CN¥1.13 (up from CN¥0.64 in FY 2021). Revenue: CN¥4.40b (up 57% from FY 2021). Net income: CN¥656.2m (up 76% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥48.60, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 315% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥57.30, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 461% over the past three years. Announcement • Dec 03
Shenzhen KSTAR Science and Technology Co., Ltd. Approves Executive Appointments Shenzhen KSTAR Science and Technology Co., Ltd. at its 1st Extraordinary General Meeting of 2022 on 01 December 2022 approved Election of Chen Jia as non-independent director, Yang Mei as independent director and Liu Liyang as non-employee supervisor. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Qichao Zhou was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 28
Consensus EPS estimates increase by 28% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥3.99b to CN¥4.24b. EPS estimate increased from CN¥0.85 to CN¥1.08 per share. Net income forecast to grow 41% next year vs 55% growth forecast for Electrical industry in China. Consensus price target up from CN¥43.10 to CN¥55.55. Share price fell 3.4% to CN¥51.00 over the past week. Reported Earnings • Oct 23
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥0.41 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥1.22b (up 85% from 3Q 2021). Net income: CN¥228.7m (up 123% from 3Q 2021). Profit margin: 19% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 111%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥54.01, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 510% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥45.00, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 456% over the past three years. Board Change • Sep 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Qichao Zhou was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥41.95, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 440% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.78 per share. Price Target Changed • Aug 15
Price target increased to CN¥33.83 Up from CN¥27.16, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥34.38. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.64 last year. Reported Earnings • Aug 14
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥960.5m (up 34% from 2Q 2021). Net income: CN¥163.7m (up 76% from 2Q 2021). Profit margin: 17% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Over the next year, revenue is forecast to grow 35%, compared to a 59% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥34.51, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 327% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥25.73, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 201% over the past three years. 
