Board Change • Aug 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tao He was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 21
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 9.7% 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 (9.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥55.12, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 74x in the Electronic industry in China. Total loss to shareholders of 5.3% over the past three years. Annuncio • Jun 30
Cubic Sensor and Instrument Co.,Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Cubic Sensor and Instrument Co.,Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥58.00, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 73x in the Electronic industry in China. Negligible returns to shareholders over past three years. Declared Dividend • Jun 08
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 67% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. New Risk • Apr 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Annuncio • Apr 20
Cubic Sensor and Instrument Co.,Ltd., Annual General Meeting, May 08, 2026 Cubic Sensor and Instrument Co.,Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: CN¥1.32 (vs CN¥1.13 in FY 2024) Full year 2025 results: EPS: CN¥1.32 (up from CN¥1.13 in FY 2024). Revenue: CN¥1.03b (up 18% from FY 2024). Net income: CN¥132.5m (up 18% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Annuncio • Mar 30
Cubic Sensor and Instrument Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Cubic Sensor and Instrument Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CN¥1.31 (vs CN¥1.13 in FY 2024) Full year 2025 results: EPS: CN¥1.31 (up from CN¥1.13 in FY 2024). Revenue: CN¥1.03b (up 18% from FY 2024). Net income: CN¥131.7m (up 17% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Annuncio • Dec 26
Cubic Sensor and Instrument Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Cubic Sensor and Instrument Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥52.95, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 31x in the Electronic industry in China. Total loss to shareholders of 8.6% over the past three years. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥213.9m (up 6.7% from 3Q 2024). Net income: CN¥23.1m (up 14% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Cubic Sensor and Instrument Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Cubic Sensor and Instrument Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥67.32, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 8.4% over the past three years. Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥292.4m (up 48% from 2Q 2024). Net income: CN¥51.4m (up 139% from 2Q 2024). Profit margin: 18% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. New Risk • Jul 22
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 7.8% 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 (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥55.18, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 48% over the past three years. Annuncio • Jun 30
Cubic Sensor and Instrument Co.,Ltd. to Report First Half, 2025 Results on Aug 18, 2025 Cubic Sensor and Instrument Co.,Ltd. announced that they will report first half, 2025 results on Aug 18, 2025 Declared Dividend • Jun 16
Dividend of CN¥0.35 announced Shareholders will receive a dividend of CN¥0.35. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (28% 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 3.9% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Annuncio • Apr 28
Cubic Sensor and Instrument Co.,Ltd., Annual General Meeting, May 29, 2025 Cubic Sensor and Instrument Co.,Ltd., Annual General Meeting, May 29, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.95, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 42% over the past three years. Reported Earnings • Apr 19
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥1.13 (down from CN¥1.33 in FY 2023). Revenue: CN¥873.1m (up 26% from FY 2023). Net income: CN¥112.8m (down 15% from FY 2023). Profit margin: 13% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year. New Risk • Apr 07
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 10% 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 (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥30.36, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 60% over the past three years. Annuncio • Mar 28
Cubic Sensor and Instrument Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Cubic Sensor and Instrument Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Mar 03
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 11% 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 (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Feb 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥1.05 (down from CN¥1.33 in FY 2023). Revenue: CN¥855.2m (up 24% from FY 2023). Net income: CN¥105.3m (down 21% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 24% per year. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥40.30, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 58% over the past three years. Major Estimate Revision • Jan 25
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥874.0m to CN¥818.0m. EPS estimate also fell from CN¥2.11 per share to CN¥1.47 per share. Net income forecast to grow 78% next year vs 50% growth forecast for Electronic industry in China. Consensus price target of CN¥39.00 unchanged from last update. Share price was steady at CN¥34.95 over the past week. Price Target Changed • Jan 14
Price target increased by 25% to CN¥39.00 Up from CN¥31.20, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥37.90. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥2.10 for next year compared to CN¥1.33 last year. Annuncio • Dec 27
Cubic Sensor and Instrument Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Cubic Sensor and Instrument Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.99, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.68, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 70% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥200.4m (up 22% from 3Q 2023). Net income: CN¥20.2m (down 32% from 3Q 2023). Profit margin: 10% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic 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 fallen by 32% per year, which means it is performing significantly worse than 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¥31.51, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 71% over the past three years. Annuncio • Sep 30
Cubic Sensor and Instrument Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Cubic Sensor and Instrument Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥32.46, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 65% over the past three years. Annuncio • Sep 09
Cubic Sensor and Instrument Co.,Ltd. (SHSE:688665) agreed to acquire 32.48% stake in Guangzhou Jingding Electric Technology Co., Ltd. rom Lai Riming, Pang Zhiyong and Lai Rixin for CNY 6.9 million Cubic Sensor and Instrument Co.,Ltd. (SHSE:688665) agreed to acquire 32.48% stake in Guangzhou Jingding Electric Technology Co., Ltd. from Lai Riming, Pang Zhiyong and Lai Rixin for CNY 6.9 million on April 28, 2024.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Annuncio • Jun 28
Cubic Sensor and Instrument Co.,Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Cubic Sensor and Instrument Co.,Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to CN¥31.15, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.58 per share. Annuncio • Apr 19
Cubic Sensor and Instrument Co.,Ltd., Annual General Meeting, May 08, 2024 Cubic Sensor and Instrument Co.,Ltd., Annual General Meeting, May 08, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.90 (down from CN¥2.08 in FY 2022). Revenue: CN¥691.7m (up 15% from FY 2022). Net income: CN¥132.7m (down 8.8% from FY 2022). Profit margin: 19% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic 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 fallen by 13% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 29
Cubic Sensor and Instrument Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Cubic Sensor and Instrument Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥2.00 (down from CN¥2.08 in FY 2022). Revenue: CN¥700.9m (up 16% from FY 2022). Net income: CN¥139.7m (down 4.0% from FY 2022). Profit margin: 20% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥44.93, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 56% over the past year. Price Target Changed • Jan 09
Price target decreased by 9.5% to CN¥109 Down from CN¥120, the current price target is an average from 2 analysts. New target price is 71% above last closing price of CN¥63.34. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥3.25 for next year compared to CN¥2.08 last year. Major Estimate Revision • Nov 08
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥829.1m to CN¥718.1m. EPS estimate unchanged from CN¥2.59 per share at last update. Electronic industry in China expected to see average net income growth of 73% next year. Consensus price target down from CN¥118 to CN¥115. Share price was steady at CN¥79.16 over the past week. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥81.22, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Electronic industry in China. Negligible returns to shareholders over past year. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.42 (in line with 3Q 2022). Revenue: CN¥164.2m (up 13% from 3Q 2022). Net income: CN¥29.5m (up 1.0% from 3Q 2022). Profit margin: 18% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Major Estimate Revision • Sep 07
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥941.9m to CN¥829.1m. EPS estimate unchanged from CN¥3.40 per share at last update. Electronic industry in China expected to see average net income growth of 62% next year. Consensus price target down from CN¥120 to CN¥118. Share price fell 3.3% to CN¥77.93 over the past week. Reported Earnings • Aug 29
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.48 (up from CN¥0.40 in 2Q 2022). Revenue: CN¥147.8m (up 26% from 2Q 2022). Net income: CN¥33.0m (up 19% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. New Risk • Aug 13
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 6.1% 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 (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (304% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Annuncio • Jun 28
Cubic Sensor and Instrument Co., Ltd to Report First Half, 2023 Results on Aug 29, 2023 Cubic Sensor and Instrument Co., Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Price Target Changed • May 30
Price target decreased by 13% to CN¥120 Down from CN¥138, the current price target is an average from 2 analysts. New target price is 38% above last closing price of CN¥87.39. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥3.56 for next year compared to CN¥2.08 last year. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥90.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 28% over the past year. Reported Earnings • Apr 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥2.08 (down from CN¥2.68 in FY 2021). Revenue: CN¥602.4m (up 10.0% from FY 2021). Net income: CN¥145.5m (down 19% from FY 2021). Profit margin: 24% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥92.12, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 24% over the past year. Price Target Changed • Nov 16
Price target decreased to CN¥138 Down from CN¥153, the current price target is an average from 3 analysts. New target price is 29% above last closing price of CN¥107. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥2.26 for next year compared to CN¥2.68 last year. Price Target Changed • Nov 03
Price target decreased to CN¥138 Down from CN¥153, the current price target is an average from 3 analysts. New target price is 66% above last closing price of CN¥83.09. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥3.56 for next year compared to CN¥2.68 last year. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.42 (vs CN¥0.70 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.42 (down from CN¥0.70 in 3Q 2021). Revenue: CN¥145.2m (flat on 3Q 2021). Net income: CN¥29.2m (down 40% from 3Q 2021). Profit margin: 20% (down from 34% in 3Q 2021). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥139, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 5.5% over the past year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.59 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.40 (down from CN¥0.59 in 2Q 2021). Revenue: CN¥117.4m (down 8.6% from 2Q 2021). Net income: CN¥27.8m (down 32% from 2Q 2021). Profit margin: 24% (down from 32% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 67%, compared to a 26% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥163, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 57% over the past year. Price Target Changed • Jul 04
Price target increased to CN¥157 Up from CN¥141, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥151. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥3.72 for next year compared to CN¥2.68 last year. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥150, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 8.8% over the past year. Price Target Changed • May 25
Price target decreased to CN¥141 Down from CN¥164, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CN¥125. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥3.72 for next year compared to CN¥2.68 last year. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.61 (up from CN¥0.56 in 1Q 2021). Revenue: CN¥134.6m (up 28% from 1Q 2021). Net income: CN¥43.0m (up 31% from 1Q 2021). Profit margin: 32% (in line with 1Q 2021). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 52%, compared to a 24% growth forecast for the industry in China. Reported Earnings • Apr 21
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥2.68 (up from CN¥1.61 in FY 2020). Revenue: CN¥547.5m (up 78% from FY 2020). Net income: CN¥179.7m (up 113% from FY 2020). Profit margin: 33% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 46%, compared to a 24% growth forecast for the industry in China. Reported Earnings • Mar 03
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥2.69 (up from CN¥1.61 in FY 2020). Revenue: CN¥548.0m (up 78% from FY 2020). Net income: CN¥180.2m (up 113% from FY 2020). Profit margin: 33% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 49%, compared to a 26% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥182, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 30x in the Electronic industry in China. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS CN¥0.70 (vs CN¥0.46 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥144.8m (up 96% from 3Q 2020). Net income: CN¥48.9m (up 110% from 3Q 2020). Profit margin: 34% (up from 32% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥149, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 29x in the Electronic industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.95 per share. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.59 (vs CN¥0.46 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥128.4m (up 74% from 2Q 2020). Net income: CN¥41.1m (up 77% from 2Q 2020). Profit margin: 32% (in line with 2Q 2020). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥122, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 31x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥132, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 38x in the Electronic industry in China. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥105, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 35x in the Electronic industry in China. Reported Earnings • Apr 26
Full year 2020 earnings released: EPS CN¥1.61 (vs CN¥1.24 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥307.9m (up 32% from FY 2019). Net income: CN¥84.5m (up 30% from FY 2019). Profit margin: 27% (in line with FY 2019). Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥70.00, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 36x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥63.54, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 37x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥68.49, the stock is trading at a trailing P/E ratio of 47.3x, up from the previous P/E ratio of 35.2x. This compares to an average P/E of 39x in the Electronic industry in China.