IKD（600933）株式概要株式会社IKDは、自動車用アルミ合金精密ダイカストの研究・開発・製造・販売をアメリカ、ヨーロッパ、アジアで行っています。 詳細600933 ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長2/6過去の実績4/6財務の健全性5/6配当金4/6報酬当社が推定した公正価値より40.1%で取引されている 収益は年間19.91%増加すると予測されています 過去1年間で収益は17.4%増加しました 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が80.5%上昇するだろうとほぼ一致している。 リスク分析リスクチェックの結果、600933 、リスクは検出されなかった。すべてのリスクチェックを見る600933 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥14.896.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture017b2016201920222025202620282031Revenue CN¥16.9bEarnings CN¥2.5bAdvancedSet Fair ValueView all narrativesIKD Co., Ltd. 競合他社Jiangsu Yunyi ElectricLtdSymbol: SZSE:300304Market cap: CN¥16.6bShuanglinSymbol: SZSE:300100Market cap: CN¥17.2bShanghai Beite Technology groupSymbol: SHSE:603009Market cap: CN¥14.7bNingbo KBE Electrical TechnologyLtdSymbol: SZSE:300863Market cap: CN¥17.2b価格と性能株価の高値、安値、推移の概要IKD過去の株価現在の株価CN¥14.8952週高値CN¥24.4952週安値CN¥14.16ベータ0.361ヶ月の変化-16.11%3ヶ月変化-11.89%1年変化-6.23%3年間の変化-33.62%5年間の変化14.19%IPOからの変化-6.06%最新ニュースお知らせ • Jun 17IKD Co., Ltd. (SHSE:600933) announces an Equity Buyback for CNY 200 million worth of its shares.IKD Co., Ltd. (SHSE:600933) ) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 24.9 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be financed via own funds or special repurchase loans. The authorization will be valid for a period of 12 months from board approval date. Effective from June 16, 2026, the company announced that it has adjusted its repurchase price from CNY 24.9 per share to CNY 24.5 per share.Declared Dividend • Jun 15Dividend increased to CN¥0.40Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 05Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.18 (up from CN¥0.98 in FY 2024). Revenue: CN¥7.41b (up 9.9% from FY 2024). Net income: CN¥1.17b (up 25% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Apr 30IKD Co., Ltd., Annual General Meeting, May 20, 2026IKD Co., Ltd., Annual General Meeting, May 20, 2026, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang Chinaお知らせ • Mar 30IKD Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IKD Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Price Target Changed • Mar 08Price target increased by 18% to CN¥30.74Up from CN¥26.04, the current price target is an average from 2 analysts. New target price is 76% above last closing price of CN¥17.44. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year.最新情報をもっと見るRecent updatesお知らせ • Jun 17IKD Co., Ltd. (SHSE:600933) announces an Equity Buyback for CNY 200 million worth of its shares.IKD Co., Ltd. (SHSE:600933) ) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 24.9 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be financed via own funds or special repurchase loans. The authorization will be valid for a period of 12 months from board approval date. Effective from June 16, 2026, the company announced that it has adjusted its repurchase price from CNY 24.9 per share to CNY 24.5 per share.Declared Dividend • Jun 15Dividend increased to CN¥0.40Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 05Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.18 (up from CN¥0.98 in FY 2024). Revenue: CN¥7.41b (up 9.9% from FY 2024). Net income: CN¥1.17b (up 25% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Apr 30IKD Co., Ltd., Annual General Meeting, May 20, 2026IKD Co., Ltd., Annual General Meeting, May 20, 2026, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang Chinaお知らせ • Mar 30IKD Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IKD Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Price Target Changed • Mar 08Price target increased by 18% to CN¥30.74Up from CN¥26.04, the current price target is an average from 2 analysts. New target price is 76% above last closing price of CN¥17.44. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year.お知らせ • Dec 26IKD Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026IKD Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026Price Target Changed • Nov 11Price target increased by 9.4% to CN¥25.63Up from CN¥23.43, the current price target is an average from 4 analysts. New target price is 25% above last closing price of CN¥20.48. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year.New Risk • Nov 04New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 116% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.30 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.33 (up from CN¥0.30 in 3Q 2024). Revenue: CN¥1.86b (up 7.9% from 3Q 2024). Net income: CN¥322.3m (up 10% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Oct 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% 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. This is currently the only risk that has been identified for the company.お知らせ • Sep 30IKD Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025IKD Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥23.08, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.95 per share.お知らせ • Jun 30IKD Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025IKD Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025Reported Earnings • May 01First quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.25 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.26 (up from CN¥0.25 in 1Q 2024). Revenue: CN¥1.67b (up 1.4% from 1Q 2024). Net income: CN¥257.3m (up 11% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥13.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Auto Components industry in China. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.82 per share.Major Estimate Revision • Apr 06Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥8.90b to CN¥7.98b. EPS estimate fell from CN¥1.33 to CN¥1.15 per share. Net income forecast to grow 20% next year vs 35% growth forecast for Auto Components industry in China. Consensus price target up from CN¥22.92 to CN¥23.61. Share price fell 8.0% to CN¥16.05 over the past week.Reported Earnings • Apr 01Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.98. Revenue: CN¥6.75b (up 13% from FY 2023). Net income: CN¥939.5m (up 2.9% from FY 2023). Profit margin: 14% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China.Buy Or Sell Opportunity • Mar 31Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at CN¥16.31. The fair value is estimated to be CN¥21.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.お知らせ • Mar 31IKD Co., Ltd., Annual General Meeting, Apr 29, 2025IKD Co., Ltd., Annual General Meeting, Apr 29, 2025, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang Chinaお知らせ • Mar 28IKD Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025IKD Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥20.68, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.16 per share.New Risk • Feb 19New minor risk - Share price stabilityThe 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: Minor Risks Dividend is not well covered by cash flows (278% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change).Buy Or Sell Opportunity • Jan 28Now 20% undervaluedOver the last 90 days, the stock has risen 14% to CN¥17.71. The fair value is estimated to be CN¥22.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.分析記事 • Jan 19IKD Co., Ltd.'s (SHSE:600933) Share Price Is Matching Sentiment Around Its EarningsWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 35x, you may consider IKD...Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥17.61, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Auto Components industry in China. Total loss to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.76 per share.分析記事 • Jan 03Are Investors Undervaluing IKD Co., Ltd. (SHSE:600933) By 29%?Key Insights IKD's estimated fair value is CN¥21.77 based on 2 Stage Free Cash Flow to Equity Current share price of...お知らせ • Dec 27IKD Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025IKD Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025Buy Or Sell Opportunity • Dec 23Now 23% undervaluedOver the last 90 days, the stock has risen 33% to CN¥17.02. The fair value is estimated to be CN¥22.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.分析記事 • Dec 19Is IKD (SHSE:600933) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Dec 03Here's Why We Think IKD (SHSE:600933) Might Deserve Your Attention TodayThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Buy Or Sell Opportunity • Nov 22Now 23% undervaluedOver the last 90 days, the stock has risen 30% to CN¥15.44. The fair value is estimated to be CN¥20.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.分析記事 • Nov 05IKD's (SHSE:600933) Profits May Not Reveal Underlying IssuesThe market for IKD Co., Ltd.'s ( SHSE:600933 ) stock was strong after it released a healthy earnings report last week...Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥16.37, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.69 per share.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥1.72b (up 8.4% from 3Q 2023). Net income: CN¥292.0m (up 45% from 3Q 2023). Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Oct 27Is IKD Co., Ltd. (SHSE:600933) Potentially Undervalued?IKD Co., Ltd. ( SHSE:600933 ), is not the largest company out there, but it saw a significant share price rise of 26...Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥13.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Auto Components 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¥15.97 per share.分析記事 • Oct 15IKD (SHSE:600933) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...分析記事 • Oct 01Market Might Still Lack Some Conviction On IKD Co., Ltd. (SHSE:600933) Even After 26% Share Price BoostIKD Co., Ltd. ( SHSE:600933 ) shareholders would be excited to see that the share price has had a great month, posting...お知らせ • Sep 30IKD Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024IKD Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥14.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.80 per share.分析記事 • Sep 18Does IKD (SHSE:600933) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Buy Or Sell Opportunity • Sep 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to CN¥12.55. The fair value is estimated to be CN¥15.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 58% in the next 2 years.Price Target Changed • Sep 02Price target decreased by 18% to CN¥22.75Down from CN¥27.80, the current price target is an average from 3 analysts. New target price is 84% above last closing price of CN¥12.38. Stock is down 50% over the past year. The company is forecast to post earnings per share of CN¥1.13 for next year compared to CN¥1.03 last year.分析記事 • Aug 31A Look At The Fair Value Of IKD Co., Ltd. (SHSE:600933)Key Insights The projected fair value for IKD is CN¥14.99 based on 2 Stage Free Cash Flow to Equity With CN¥12.30 share...Buy Or Sell Opportunity • Aug 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to CN¥12.01. The fair value is estimated to be CN¥15.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.お知らせ • Jun 28IKD Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024IKD Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024分析記事 • Jun 22Returns On Capital At IKD (SHSE:600933) Have Hit The BrakesWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...分析記事 • May 21Is IKD (SHSE:600933) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).分析記事 • May 03Solid Earnings May Not Tell The Whole Story For IKD (SHSE:600933)The market for IKD Co., Ltd.'s ( SHSE:600933 ) stock was strong after it released a healthy earnings report last week...お知らせ • Apr 29IKD Co., Ltd., Annual General Meeting, May 17, 2024IKD Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: No. 577, Jinshan Road, Jiangbei District, Ningbo, Zhejiang ChinaReported Earnings • Apr 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥1.03 (up from CN¥0.74 in FY 2022). Revenue: CN¥5.96b (up 40% from FY 2022). Net income: CN¥913.4m (up 41% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components 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 only increased by 9% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 28Lacklustre Performance Is Driving IKD Co., Ltd.'s (SHSE:600933) Low P/EWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 31x, you may consider IKD...New Risk • Apr 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).お知らせ • Mar 29IKD Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024IKD Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Feb 28With EPS Growth And More, IKD (SHSE:600933) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...お知らせ • Dec 29IKD Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024IKD Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.0% increase in shares outstanding).Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥1.59b (up 33% from 3Q 2022). Net income: CN¥201.8m (up 3.9% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥1.39b (up 49% from 2Q 2022). Net income: CN¥226.5m (up 77% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.New Risk • Jul 26New minor risk - Share price stabilityThe 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: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change).Price Target Changed • Jul 18Price target increased by 8.8% to CN¥26.50Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥23.85. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.74 last year.お知らせ • May 16IKD Co., Ltd. announced a financing transactionIKD Co., Ltd. announced a private placement of A shares on May 15, 2023. The transaction has been approved at the first extraordinary general meeting of shareholders in 2023.Buying Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥24.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.Price Target Changed • Apr 27Price target increased by 8.8% to CN¥26.50Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥21.04. Stock is up 117% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.74 last year.Price Target Changed • Mar 28Price target increased by 8.8% to CN¥26.50Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥22.96. Stock is up 96% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.74 last year.Reported Earnings • Mar 27Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥0.74 (up from CN¥0.36 in FY 2021). Revenue: CN¥4.27b (up 33% from FY 2021). Net income: CN¥648.5m (up 109% from FY 2021). Profit margin: 15% (up from 9.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥24.94, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.13 per share.Board Change • Nov 16Less than half of directors are independentFollowing 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 Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. 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 • Nov 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥21.99, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.00 per share.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.091 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.091 in 3Q 2021). Revenue: CN¥1.19b (up 53% from 3Q 2021). Net income: CN¥194.2m (up 141% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Major Estimate Revision • Oct 26Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.57 to CN¥0.63. Revenue forecast unchanged at CN¥4.15b. Net income forecast to grow 92% next year vs 69% growth forecast for Auto Components industry in China. Consensus price target of CN¥20.69 unchanged from last update. Share price was steady at CN¥20.21 over the past week.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥20.38, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.26 per share.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥19.99, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.29 per share.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.10 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥930.5m (up 21% from 2Q 2021). Net income: CN¥128.3m (up 42% from 2Q 2021). Profit margin: 14% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 35% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.お知らせ • Jul 21IKD Co., Ltd. (SHSE:600933) completed the acquisition of 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited.IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million on June 28, 2022. As per the transaction, FÖHl Beteiligungen Gmbh will sell 43.75% stake and Föhl Asia Pacific Limited will sell 23.75% stake in Föhl Die Casting (Taicang) Co., Ltd. As on December 31, 2021, Föhl Die Casting (Taicang) Co., Ltd. generated total assets of CNY 300 million, net assets of CNY 188.6 million, operating income of CNY 319.9 million and net profit of CNY 34.2 million. IKD Co., Ltd. (SHSE:600933) completed the acquisition of 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited on July 20, 2022.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥19.39, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 137% over the past three years.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥16.81, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 123% over the past three years.お知らせ • Jun 30IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million.IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million on June 28, 2022. As per the transaction, FÖHl Beteiligungen Gmbh will sell 43.75% stake and Föhl Asia Pacific Limited will sell 23.75% stake in Föhl Die Casting (Taicang) Co., Ltd. As on December 31, 2021, Föhl Die Casting (Taicang) Co., Ltd. generated total assets of CNY 300 million, net assets of CNY 188.6 million, operating income of CNY 319.9 million and net profit of CNY 34.2 million.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥16.59, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 118% over the past three years.Board Change • May 29Less than half of directors are independentFollowing 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 Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥902.9m (up 13% from 1Q 2021). Net income: CN¥84.9m (down 21% from 1Q 2021). Profit margin: 9.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Apr 27Price target decreased to CN¥18.41Down from CN¥21.53, the current price target is an average from 5 analysts. New target price is 85% above last closing price of CN¥9.97. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.36 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. 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 • Mar 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.75 to CN¥0.62 per share. Revenue forecast steady at CN¥3.98b. Net income forecast to grow 72% next year vs 60% growth forecast for Auto Components industry in China. Consensus price target down from CN¥21.53 to CN¥18.41. Share price fell 8.7% to CN¥12.45 over the past week.Price Target Changed • Mar 19Price target decreased to CN¥19.86Down from CN¥21.53, the current price target is an average from 3 analysts. New target price is 49% above last closing price of CN¥13.31. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.36 last year.Reported Earnings • Mar 18Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥0.36 (down from CN¥0.50 in FY 2020). Revenue: CN¥3.21b (up 24% from FY 2020). Net income: CN¥309.9m (down 27% from FY 2020). Profit margin: 9.7% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 24%, compared to a 34% growth forecast for the 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 11% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥13.94, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 52% over the past three years.Price Target Changed • Jan 13Price target increased to CN¥21.72Up from CN¥20.02, the current price target is an average from 4 analysts. New target price is 12% above last closing price of CN¥19.31. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.50 last year.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥17.77, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 137% over the past three years.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.091 (vs CN¥0.13 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥780.4m (up 9.3% from 3Q 2020). Net income: CN¥80.6m (down 27% from 3Q 2020). Profit margin: 10% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is well ahead of earnings.Reported Earnings • Aug 19Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.057 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥770.2m (up 84% from 2Q 2020). Net income: CN¥90.6m (up 100% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. 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 11% per year, which means it is well ahead of earnings.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥801.4m (up 31% from 1Q 2020). Net income: CN¥107.6m (up 11% from 1Q 2020). Profit margin: 13% (down from 16% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Apr 06Price target increased to CN¥20.02Up from CN¥17.80, the current price target is an average from 6 analysts. New target price is 19% above last closing price of CN¥16.79. Stock is up 71% over the past year.Reported Earnings • Mar 26Full year 2020 earnings released: EPS CN¥0.50 (vs CN¥0.52 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.59b (down 1.4% from FY 2019). Net income: CN¥425.9m (down 3.1% from FY 2019). Profit margin: 16% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Mar 04IKD Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021IKD Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021Is New 90 Day High Low • Feb 20New 90-day high: CN¥17.63The company is up 4.0% from its price of CN¥16.94 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.58 per share.Price Target Changed • Jan 26Price target raised to CN¥17.80Up from CN¥16.43, the current price target is an average from 6 analysts. The new target price is 7.7% above the current share price of CN¥16.53. As of last close, the stock is up 18% over the past year.株主還元600933CN Auto ComponentsCN 市場7D-3.6%-3.6%0.7%1Y-6.2%9.9%31.9%株主還元を見る業界別リターン: 600933過去 1 年間で9.9 % の収益を上げたCN Auto Components業界を下回りました。リターン対市場: 600933は、過去 1 年間で31.9 % のリターンを上げたCN市場を下回りました。価格変動Is 600933's price volatile compared to industry and market?600933 volatility600933 Average Weekly Movement4.4%Auto Components Industry Average Movement6.4%Market Average Movement6.6%10% most volatile stocks in CN Market10.6%10% least volatile stocks in CN Market4.1%安定した株価: 600933 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 600933の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト200311,119Jiancheng Zhangwww.ikd-china.com自動車用アルミ合金精密ダイカストの研究・開発・製造・販売を米国、欧州、アジアで展開。ワイパーシステム、トランスミッションシステム、ステアリングシステム、エンジンシステム、商用車用ブレーキシステム、エアコンシステム、ダンパーシステム、ミラーシステムなどを提供。同社は2003年に設立され、中華人民共和国の寧波に本社を置いている。Ltd.の子会社である。もっと見るIKD Co., Ltd. 基礎のまとめIKD の収益と売上を時価総額と比較するとどうか。600933 基礎統計学時価総額CN¥15.54b収益（TTM）CN¥1.13b売上高(TTM)CN¥7.67b13.5xPER（株価収益率2.0xP/Sレシオ600933 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計600933 損益計算書（TTM）収益CN¥7.67b売上原価CN¥5.45b売上総利益CN¥2.22bその他の費用CN¥1.08b収益CN¥1.13b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.11グロス・マージン28.89%純利益率14.77%有利子負債／自己資本比率40.4%600933 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.7%現在の配当利回り36%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/24 14:15終値2026/06/24 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋IKD Co., Ltd. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関Xue DengChina International Capital Corporation LimitedJingtao LiCitic Securities Co., Ltd.Xuxia TangGuosen Securities Co., Ltd.3 その他のアナリストを表示
お知らせ • Jun 17IKD Co., Ltd. (SHSE:600933) announces an Equity Buyback for CNY 200 million worth of its shares.IKD Co., Ltd. (SHSE:600933) ) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 24.9 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be financed via own funds or special repurchase loans. The authorization will be valid for a period of 12 months from board approval date. Effective from June 16, 2026, the company announced that it has adjusted its repurchase price from CNY 24.9 per share to CNY 24.5 per share.
Declared Dividend • Jun 15Dividend increased to CN¥0.40Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 05Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.18 (up from CN¥0.98 in FY 2024). Revenue: CN¥7.41b (up 9.9% from FY 2024). Net income: CN¥1.17b (up 25% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Apr 30IKD Co., Ltd., Annual General Meeting, May 20, 2026IKD Co., Ltd., Annual General Meeting, May 20, 2026, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China
お知らせ • Mar 30IKD Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IKD Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Price Target Changed • Mar 08Price target increased by 18% to CN¥30.74Up from CN¥26.04, the current price target is an average from 2 analysts. New target price is 76% above last closing price of CN¥17.44. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year.
お知らせ • Jun 17IKD Co., Ltd. (SHSE:600933) announces an Equity Buyback for CNY 200 million worth of its shares.IKD Co., Ltd. (SHSE:600933) ) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 24.9 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be financed via own funds or special repurchase loans. The authorization will be valid for a period of 12 months from board approval date. Effective from June 16, 2026, the company announced that it has adjusted its repurchase price from CNY 24.9 per share to CNY 24.5 per share.
Declared Dividend • Jun 15Dividend increased to CN¥0.40Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 05Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.18 (up from CN¥0.98 in FY 2024). Revenue: CN¥7.41b (up 9.9% from FY 2024). Net income: CN¥1.17b (up 25% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Apr 30IKD Co., Ltd., Annual General Meeting, May 20, 2026IKD Co., Ltd., Annual General Meeting, May 20, 2026, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China
お知らせ • Mar 30IKD Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IKD Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Price Target Changed • Mar 08Price target increased by 18% to CN¥30.74Up from CN¥26.04, the current price target is an average from 2 analysts. New target price is 76% above last closing price of CN¥17.44. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year.
お知らせ • Dec 26IKD Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026IKD Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026
Price Target Changed • Nov 11Price target increased by 9.4% to CN¥25.63Up from CN¥23.43, the current price target is an average from 4 analysts. New target price is 25% above last closing price of CN¥20.48. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year.
New Risk • Nov 04New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 116% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.30 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.33 (up from CN¥0.30 in 3Q 2024). Revenue: CN¥1.86b (up 7.9% from 3Q 2024). Net income: CN¥322.3m (up 10% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% 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. This is currently the only risk that has been identified for the company.
お知らせ • Sep 30IKD Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025IKD Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥23.08, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.95 per share.
お知らせ • Jun 30IKD Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025IKD Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
Reported Earnings • May 01First quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.25 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.26 (up from CN¥0.25 in 1Q 2024). Revenue: CN¥1.67b (up 1.4% from 1Q 2024). Net income: CN¥257.3m (up 11% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥13.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Auto Components industry in China. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.82 per share.
Major Estimate Revision • Apr 06Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥8.90b to CN¥7.98b. EPS estimate fell from CN¥1.33 to CN¥1.15 per share. Net income forecast to grow 20% next year vs 35% growth forecast for Auto Components industry in China. Consensus price target up from CN¥22.92 to CN¥23.61. Share price fell 8.0% to CN¥16.05 over the past week.
Reported Earnings • Apr 01Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.98. Revenue: CN¥6.75b (up 13% from FY 2023). Net income: CN¥939.5m (up 2.9% from FY 2023). Profit margin: 14% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China.
Buy Or Sell Opportunity • Mar 31Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at CN¥16.31. The fair value is estimated to be CN¥21.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
お知らせ • Mar 31IKD Co., Ltd., Annual General Meeting, Apr 29, 2025IKD Co., Ltd., Annual General Meeting, Apr 29, 2025, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China
お知らせ • Mar 28IKD Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025IKD Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥20.68, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.16 per share.
New Risk • Feb 19New minor risk - Share price stabilityThe 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: Minor Risks Dividend is not well covered by cash flows (278% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change).
Buy Or Sell Opportunity • Jan 28Now 20% undervaluedOver the last 90 days, the stock has risen 14% to CN¥17.71. The fair value is estimated to be CN¥22.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
分析記事 • Jan 19IKD Co., Ltd.'s (SHSE:600933) Share Price Is Matching Sentiment Around Its EarningsWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 35x, you may consider IKD...
Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥17.61, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Auto Components industry in China. Total loss to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.76 per share.
分析記事 • Jan 03Are Investors Undervaluing IKD Co., Ltd. (SHSE:600933) By 29%?Key Insights IKD's estimated fair value is CN¥21.77 based on 2 Stage Free Cash Flow to Equity Current share price of...
お知らせ • Dec 27IKD Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025IKD Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025
Buy Or Sell Opportunity • Dec 23Now 23% undervaluedOver the last 90 days, the stock has risen 33% to CN¥17.02. The fair value is estimated to be CN¥22.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
分析記事 • Dec 19Is IKD (SHSE:600933) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Dec 03Here's Why We Think IKD (SHSE:600933) Might Deserve Your Attention TodayThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Buy Or Sell Opportunity • Nov 22Now 23% undervaluedOver the last 90 days, the stock has risen 30% to CN¥15.44. The fair value is estimated to be CN¥20.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
分析記事 • Nov 05IKD's (SHSE:600933) Profits May Not Reveal Underlying IssuesThe market for IKD Co., Ltd.'s ( SHSE:600933 ) stock was strong after it released a healthy earnings report last week...
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥16.37, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.69 per share.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥1.72b (up 8.4% from 3Q 2023). Net income: CN¥292.0m (up 45% from 3Q 2023). Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Oct 27Is IKD Co., Ltd. (SHSE:600933) Potentially Undervalued?IKD Co., Ltd. ( SHSE:600933 ), is not the largest company out there, but it saw a significant share price rise of 26...
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥13.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Auto Components 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¥15.97 per share.
分析記事 • Oct 15IKD (SHSE:600933) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
分析記事 • Oct 01Market Might Still Lack Some Conviction On IKD Co., Ltd. (SHSE:600933) Even After 26% Share Price BoostIKD Co., Ltd. ( SHSE:600933 ) shareholders would be excited to see that the share price has had a great month, posting...
お知らせ • Sep 30IKD Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024IKD Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥14.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.80 per share.
分析記事 • Sep 18Does IKD (SHSE:600933) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Buy Or Sell Opportunity • Sep 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to CN¥12.55. The fair value is estimated to be CN¥15.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 58% in the next 2 years.
Price Target Changed • Sep 02Price target decreased by 18% to CN¥22.75Down from CN¥27.80, the current price target is an average from 3 analysts. New target price is 84% above last closing price of CN¥12.38. Stock is down 50% over the past year. The company is forecast to post earnings per share of CN¥1.13 for next year compared to CN¥1.03 last year.
分析記事 • Aug 31A Look At The Fair Value Of IKD Co., Ltd. (SHSE:600933)Key Insights The projected fair value for IKD is CN¥14.99 based on 2 Stage Free Cash Flow to Equity With CN¥12.30 share...
Buy Or Sell Opportunity • Aug 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to CN¥12.01. The fair value is estimated to be CN¥15.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.
お知らせ • Jun 28IKD Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024IKD Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
分析記事 • Jun 22Returns On Capital At IKD (SHSE:600933) Have Hit The BrakesWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
分析記事 • May 21Is IKD (SHSE:600933) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
分析記事 • May 03Solid Earnings May Not Tell The Whole Story For IKD (SHSE:600933)The market for IKD Co., Ltd.'s ( SHSE:600933 ) stock was strong after it released a healthy earnings report last week...
お知らせ • Apr 29IKD Co., Ltd., Annual General Meeting, May 17, 2024IKD Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: No. 577, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China
Reported Earnings • Apr 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥1.03 (up from CN¥0.74 in FY 2022). Revenue: CN¥5.96b (up 40% from FY 2022). Net income: CN¥913.4m (up 41% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components 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 only increased by 9% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 28Lacklustre Performance Is Driving IKD Co., Ltd.'s (SHSE:600933) Low P/EWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 31x, you may consider IKD...
New Risk • Apr 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
お知らせ • Mar 29IKD Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024IKD Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Feb 28With EPS Growth And More, IKD (SHSE:600933) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
お知らせ • Dec 29IKD Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024IKD Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024
New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥1.59b (up 33% from 3Q 2022). Net income: CN¥201.8m (up 3.9% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥1.39b (up 49% from 2Q 2022). Net income: CN¥226.5m (up 77% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.
New Risk • Jul 26New minor risk - Share price stabilityThe 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: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change).
Price Target Changed • Jul 18Price target increased by 8.8% to CN¥26.50Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥23.85. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.74 last year.
お知らせ • May 16IKD Co., Ltd. announced a financing transactionIKD Co., Ltd. announced a private placement of A shares on May 15, 2023. The transaction has been approved at the first extraordinary general meeting of shareholders in 2023.
Buying Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥24.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.
Price Target Changed • Apr 27Price target increased by 8.8% to CN¥26.50Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥21.04. Stock is up 117% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.74 last year.
Price Target Changed • Mar 28Price target increased by 8.8% to CN¥26.50Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥22.96. Stock is up 96% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.74 last year.
Reported Earnings • Mar 27Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥0.74 (up from CN¥0.36 in FY 2021). Revenue: CN¥4.27b (up 33% from FY 2021). Net income: CN¥648.5m (up 109% from FY 2021). Profit margin: 15% (up from 9.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥24.94, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.13 per share.
Board Change • Nov 16Less than half of directors are independentFollowing 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 Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. 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 • Nov 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥21.99, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.00 per share.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.091 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.091 in 3Q 2021). Revenue: CN¥1.19b (up 53% from 3Q 2021). Net income: CN¥194.2m (up 141% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Major Estimate Revision • Oct 26Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.57 to CN¥0.63. Revenue forecast unchanged at CN¥4.15b. Net income forecast to grow 92% next year vs 69% growth forecast for Auto Components industry in China. Consensus price target of CN¥20.69 unchanged from last update. Share price was steady at CN¥20.21 over the past week.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥20.38, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.26 per share.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥19.99, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.29 per share.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.10 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥930.5m (up 21% from 2Q 2021). Net income: CN¥128.3m (up 42% from 2Q 2021). Profit margin: 14% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 35% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
お知らせ • Jul 21IKD Co., Ltd. (SHSE:600933) completed the acquisition of 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited.IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million on June 28, 2022. As per the transaction, FÖHl Beteiligungen Gmbh will sell 43.75% stake and Föhl Asia Pacific Limited will sell 23.75% stake in Föhl Die Casting (Taicang) Co., Ltd. As on December 31, 2021, Föhl Die Casting (Taicang) Co., Ltd. generated total assets of CNY 300 million, net assets of CNY 188.6 million, operating income of CNY 319.9 million and net profit of CNY 34.2 million. IKD Co., Ltd. (SHSE:600933) completed the acquisition of 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited on July 20, 2022.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥19.39, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 137% over the past three years.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥16.81, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 123% over the past three years.
お知らせ • Jun 30IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million.IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million on June 28, 2022. As per the transaction, FÖHl Beteiligungen Gmbh will sell 43.75% stake and Föhl Asia Pacific Limited will sell 23.75% stake in Föhl Die Casting (Taicang) Co., Ltd. As on December 31, 2021, Föhl Die Casting (Taicang) Co., Ltd. generated total assets of CNY 300 million, net assets of CNY 188.6 million, operating income of CNY 319.9 million and net profit of CNY 34.2 million.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥16.59, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 118% over the past three years.
Board Change • May 29Less than half of directors are independentFollowing 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 Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥902.9m (up 13% from 1Q 2021). Net income: CN¥84.9m (down 21% from 1Q 2021). Profit margin: 9.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 27Price target decreased to CN¥18.41Down from CN¥21.53, the current price target is an average from 5 analysts. New target price is 85% above last closing price of CN¥9.97. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.36 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. 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 • Mar 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.75 to CN¥0.62 per share. Revenue forecast steady at CN¥3.98b. Net income forecast to grow 72% next year vs 60% growth forecast for Auto Components industry in China. Consensus price target down from CN¥21.53 to CN¥18.41. Share price fell 8.7% to CN¥12.45 over the past week.
Price Target Changed • Mar 19Price target decreased to CN¥19.86Down from CN¥21.53, the current price target is an average from 3 analysts. New target price is 49% above last closing price of CN¥13.31. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.36 last year.
Reported Earnings • Mar 18Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥0.36 (down from CN¥0.50 in FY 2020). Revenue: CN¥3.21b (up 24% from FY 2020). Net income: CN¥309.9m (down 27% from FY 2020). Profit margin: 9.7% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 24%, compared to a 34% growth forecast for the 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 11% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥13.94, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 52% over the past three years.
Price Target Changed • Jan 13Price target increased to CN¥21.72Up from CN¥20.02, the current price target is an average from 4 analysts. New target price is 12% above last closing price of CN¥19.31. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.50 last year.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥17.77, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 137% over the past three years.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.091 (vs CN¥0.13 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥780.4m (up 9.3% from 3Q 2020). Net income: CN¥80.6m (down 27% from 3Q 2020). Profit margin: 10% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 19Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.057 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥770.2m (up 84% from 2Q 2020). Net income: CN¥90.6m (up 100% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. 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 11% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥801.4m (up 31% from 1Q 2020). Net income: CN¥107.6m (up 11% from 1Q 2020). Profit margin: 13% (down from 16% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 06Price target increased to CN¥20.02Up from CN¥17.80, the current price target is an average from 6 analysts. New target price is 19% above last closing price of CN¥16.79. Stock is up 71% over the past year.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS CN¥0.50 (vs CN¥0.52 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.59b (down 1.4% from FY 2019). Net income: CN¥425.9m (down 3.1% from FY 2019). Profit margin: 16% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Mar 04IKD Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021IKD Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021
Is New 90 Day High Low • Feb 20New 90-day high: CN¥17.63The company is up 4.0% from its price of CN¥16.94 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.58 per share.
Price Target Changed • Jan 26Price target raised to CN¥17.80Up from CN¥16.43, the current price target is an average from 6 analysts. The new target price is 7.7% above the current share price of CN¥16.53. As of last close, the stock is up 18% over the past year.
