View ValuationAvary Holding(Shenzhen)Co 将来の成長Future 基準チェック /46Avary Holding(Shenzhen)Co利益と収益がそれぞれ年間26.2%と18.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に22.9% 26.2%なると予測されています。主要情報26.2%収益成長率26.24%EPS成長率Electronic 収益成長33.9%収益成長率18.9%将来の株主資本利益率22.89%アナリストカバレッジGood最終更新日11 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • Jul 02Now 24% undervaluedOver the last 90 days, the stock has risen 82% to CN¥92.52. The fair value is estimated to be CN¥122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.New Risk • Jul 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Jun 30Avary Holding(Shenzhen)Co., Limited to Report First Half, 2026 Results on Aug 12, 2026Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2026 results on Aug 12, 2026Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥120, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 45x in the Electronic industry in China. Total returns to shareholders of 423% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥107 per share.Declared Dividend • Jun 06Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥106, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 41x in the Electronic industry in China. Total returns to shareholders of 350% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥107 per share.Board Change • May 20Less 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. 7 non-independent directors. Independent Director Jianjun Zhang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 31+ 1 more updateAvary Holding(Shenzhen)Co., Limited to Report Q1, 2026 Results on Apr 30, 2026Avary Holding(Shenzhen)Co., Limited announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 31Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Sep 30Avary Holding(Shenzhen)Co., Limited to Report Q3, 2025 Results on Oct 31, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jul 02Avary Holding(Shenzhen)Co., Limited to Report First Half, 2025 Results on Aug 13, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2025 results on Aug 13, 2025お知らせ • Jun 13Avary Holding(Shenzhen)Co., Limited Announces Final Cash Dividend on A Shares for the Year 2024, Payable on 18 June 2025Avary Holding(Shenzhen)Co., Limited announced final cash dividend of CNY 10.00 per 10 shares on A shares for the year 2024. Record date: 17 June 2025, Ex-date: 18 June 2025 and Payment date: 18 June 2025.お知らせ • Apr 30Avary Holding(Shenzhen)Co., Limited Appoints Chen-En Ko as Additional DirectorAvary Holding(Shenzhen)Co., Limited at its AGM held on April 29, 2025, elected Mr. Chen-En Ko as additional Director.お知らせ • Apr 10Avary Holding(Shenzhen)Co., Limited Proposes Final Cash Dividend for the Year 2024Avary Holding(Shenzhen)Co., Limited announced on 09 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 10.00000000.お知らせ • Apr 09Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 29, 2025Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 29, 2025, at 14:30 China Standard Time. Location: Room 101, Factory Building A11, Pengding Park, Songluo Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong Chinaお知らせ • Mar 31Avary Holding(Shenzhen)Co., Limited to Report Q1, 2025 Results on Apr 30, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 31Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2024 Results on Apr 19, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2024 results on Apr 19, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.45 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.45 in 3Q 2023). Revenue: CN¥10.4b (up 16% from 3Q 2023). Net income: CN¥1.19b (up 15% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.Buy Or Sell Opportunity • Oct 25Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at CN¥36.41. The fair value is estimated to be CN¥46.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.Buy Or Sell Opportunity • Oct 09Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to CN¥35.17. The fair value is estimated to be CN¥46.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥35.77, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.43 per share.お知らせ • Sep 30Avary Holding(Shenzhen)Co., Limited to Report Q3, 2024 Results on Oct 31, 2024Avary Holding(Shenzhen)Co., Limited announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥6.44b (up 32% from 2Q 2023). Net income: CN¥287.0m (down 27% from 2Q 2023). Profit margin: 4.5% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Buy Or Sell Opportunity • Aug 01Now 20% undervaluedOver the last 90 days, the stock has risen 52% to CN¥36.73. The fair value is estimated to be CN¥46.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.5%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 36% in the next 2 years.New Risk • Jul 30New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change).お知らせ • Jun 29Avary Holding(Shenzhen)Co., Limited to Report First Half, 2024 Results on Aug 14, 2024Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2024 results on Aug 14, 2024Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥37.95, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.48 per share.Declared Dividend • Jun 08Dividend reduced to CN¥0.50Dividend of CN¥0.50 is 29% lower than last year. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 08Avary Holding(Shenzhen)Co., Limited Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 13 June 2024Avary Holding(Shenzhen)Co., Limited announced final cash dividend/10 shares (tax included) of CNY 5.00000000 on A shares for the year 2023. Record date: 12 June 2024 Ex-date: 13 June 2024 and Payment date: 13 June 2024.お知らせ • Apr 25Avary Holding (Shenzhen) Approves Cash Dividend (Including Tax)Avary Holding (Shenzhen) at its shareholders meeting held on April 24, 2024, approved cash dividend (including tax) of RMB 5 per 10 shares.Reported Earnings • Apr 02Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥2.16 in FY 2022)Full year 2023 results: EPS: CN¥1.42 (down from CN¥2.16 in FY 2022). Revenue: CN¥32.1b (down 11% from FY 2022). Net income: CN¥3.29b (down 34% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 02Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥2.16 in FY 2022)Full year 2023 results: EPS: CN¥1.42 (down from CN¥2.16 in FY 2022). Revenue: CN¥32.1b (down 11% from FY 2022). Net income: CN¥3.29b (down 34% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Mar 30+ 1 more updateAvary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 24, 2024Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 24, 2024, at 14:30 China Standard Time. Location: Room 101, Factory Building A11, Pengding Park, Songluo Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong Chinaお知らせ • Dec 29Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2023 Results on Mar 30, 2024Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2023 results on Mar 30, 2024Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.81 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.45 (down from CN¥0.81 in 3Q 2022). Revenue: CN¥8.92b (down 16% from 3Q 2022). Net income: CN¥1.03b (down 44% from 3Q 2022). Profit margin: 12% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.35 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.35 in 2Q 2022). Revenue: CN¥4.87b (down 32% from 2Q 2022). Net income: CN¥393.3m (down 53% from 2Q 2022). Profit margin: 8.1% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.お知らせ • Jul 01Avary Holding(Shenzhen)Co., Limited to Report First Half, 2023 Results on Aug 10, 2023Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2023 results on Aug 10, 2023Buying Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be CN¥30.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 18% in the next 2 years.お知らせ • Jun 08Avary Holding(Shenzhen)Co., Limited Implements Final Profit Distribution Plan of (A Shares) for 2022, Payable on 13 June 2023Avary Holding(Shenzhen)Co., Limited announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 12 June 2023, Ex-date: 13 June 2023, Payment date: 13 June 2023.Buying Opportunity • May 04Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥31.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 23% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥25.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.14 per share.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥33.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.07 per share.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: CN¥2.16 (vs CN¥1.43 in FY 2021)Full year 2022 results: EPS: CN¥2.16 (up from CN¥1.43 in FY 2021). Revenue: CN¥36.2b (up 8.7% from FY 2021). Net income: CN¥5.01b (up 51% from FY 2021). Profit margin: 14% (up from 10.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.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 Zhang Ton-Lin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.81 (vs CN¥0.45 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.81 (up from CN¥0.45 in 3Q 2021). Revenue: CN¥10.6b (up 17% from 3Q 2021). Net income: CN¥1.84b (up 76% from 3Q 2021). Profit margin: 17% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.12 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥7.11b (up 13% from 2Q 2021). Net income: CN¥833.2m (up 195% from 2Q 2021). Profit margin: 12% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥34.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 2.2% over the past three years.Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥7.08b (up 24% from 1Q 2021). Net income: CN¥593.2m (up 69% from 1Q 2021). Profit margin: 8.4% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China.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 an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zhang Ton-Lin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CN¥1.43 (up from CN¥1.23 in FY 2020). Revenue: CN¥33.3b (up 12% from FY 2020). Net income: CN¥3.32b (up 17% from FY 2020). Profit margin: 10.0% (in line with FY 2020). Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in China.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.26 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.05b (up 23% from 3Q 2020). Net income: CN¥1.04b (up 78% from 3Q 2020). Profit margin: 12% (up from 8.0% in 3Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.21 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥6.28b (up 2.1% from 2Q 2020). Net income: CN¥282.2m (down 42% from 2Q 2020). Profit margin: 4.5% (down from 7.9% in 2Q 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥35.15, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 29% over the past year.Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.13 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¥5.69b (up 43% from 1Q 2020). Net income: CN¥351.1m (up 14% from 1Q 2020). Profit margin: 6.2% (down from 7.7% in 1Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Apr 04Full year 2020 earnings released: EPS CN¥1.23 (vs CN¥1.27 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥29.9b (up 12% from FY 2019). Net income: CN¥2.84b (down 2.8% from FY 2019). Profit margin: 9.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses.Is New 90 Day High Low • Mar 11New 90-day low: CN¥38.70The company is down 26% from its price of CN¥51.96 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.66 per share.Reported Earnings • Feb 06Full year 2020 earnings released: EPS CN¥1.22 (vs CN¥1.27 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥29.9b (up 12% from FY 2019). Net income: CN¥2.83b (down 3.2% from FY 2019). Profit margin: 9.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Feb 06Revenue beats expectationsRevenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 16%, compared to a 31% growth forecast for the Electronic industry in China.Is New 90 Day High Low • Feb 04New 90-day low: CN¥39.45The company is down 24% from its price of CN¥51.91 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.87 per share.Is New 90 Day High Low • Jan 19New 90-day low: CN¥46.36The company is down 11% from its price of CN¥52.06 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.95 per share.Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 15% share price gain to CN¥55.65, the stock is trading at a trailing P/E ratio of 49.2x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 45x in the Electronic industry in China. Total returns to shareholders over the past year are 9.2%.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.26The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥7.35b (down 8.1% from 3Q 2019). Net income: CN¥587.3m (down 46% from 3Q 2019). Profit margin: 8.0% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Oct 10New 90-day high: CN¥58.84The company is up 13% from its price of CN¥52.25 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.28 per share.お知らせ • Jul 19Avary Holding (Shenzhen) Co., Limited to Report First Half, 2020 Results on Aug 13, 2020Avary Holding (Shenzhen) Co., Limited announced that they will report first half, 2020 results on Aug 13, 2020業績と収益の成長予測XSEC:002938 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202875,88410,0848,33413,882612/31/202759,3637,3095,13911,099712/31/202646,6345,047-8,9537,32173/31/202639,0463,712-3437,878N/A12/31/202539,1473,7386597,286N/A9/30/202538,5094,0542,6028,423N/A6/30/202538,3904,0694,0518,569N/A3/31/202536,5413,6114,0057,596N/A12/31/202435,1403,6204,2387,082N/A9/30/202435,0973,4172,8625,893N/A6/30/202433,6573,2593,2076,296N/A3/31/202432,0863,3664,1207,169N/A12/31/202332,0663,2874,4577,969N/A9/30/202331,8753,5925,1928,449N/A6/30/202333,5564,3976,25010,117N/A3/31/202335,8024,8376,28410,449N/A1/1/202336,2115,0126,61510,957N/A9/30/202237,0934,9044,4699,800N/A6/30/202235,5414,1102,0567,701N/A3/31/202234,7033,559-5715,502N/A1/1/202233,3153,317-2,6724,296N/A9/30/202133,3993,140-3,4283,328N/A6/30/202131,7012,683-2,6354,477N/A3/31/202131,5702,885-1,4245,536N/A12/31/202029,8512,841-2715,184N/A9/30/202026,7432,6012795,607N/A6/30/202027,3913,1078804,711N/A3/31/202026,3473,0471,2634,686N/A12/31/201926,6152,925N/A4,162N/A9/30/201925,9252,911N/A6,128N/A6/30/201925,7142,950N/A5,334N/A3/31/201925,1932,777N/A4,825N/A12/31/201825,8552,771N/A6,210N/A9/30/201827,7562,545N/A4,435N/A6/30/201826,0072,010N/A3,945N/A3/31/201825,1231,883N/A3,945N/A12/31/201723,9211,827N/A1,673N/A12/31/201617,1381,004N/A1,720N/A12/31/201517,0931,526N/A2,924N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 002938の予測収益成長率 (年間26.2% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 002938の収益 ( 26.2% ) CN市場 ( 27.5% ) よりも低い成長が予測されています。高成長収益: 002938の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 002938の収益 ( 18.9% ) CN市場 ( 16.8% ) よりも速いペースで成長すると予測されています。高い収益成長: 002938の収益 ( 18.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 002938の 自己資本利益率 は、3年後には高くなると予測されています ( 22.9 %)成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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2026/07/08 21:58終値2026/07/08 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Avary Holding(Shenzhen)Co., Limited 7 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。14 アナリスト機関Chengning LiChina International Capital Corporation LimitedTao XuCitic Securities Co., Ltd.Vincent LeiCLSA11 その他のアナリストを表示
Buy Or Sell Opportunity • Jul 02Now 24% undervaluedOver the last 90 days, the stock has risen 82% to CN¥92.52. The fair value is estimated to be CN¥122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.
New Risk • Jul 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Jun 30Avary Holding(Shenzhen)Co., Limited to Report First Half, 2026 Results on Aug 12, 2026Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2026 results on Aug 12, 2026
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥120, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 45x in the Electronic industry in China. Total returns to shareholders of 423% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥107 per share.
Declared Dividend • Jun 06Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥106, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 41x in the Electronic industry in China. Total returns to shareholders of 350% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥107 per share.
Board Change • May 20Less 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. 7 non-independent directors. Independent Director Jianjun Zhang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 31+ 1 more updateAvary Holding(Shenzhen)Co., Limited to Report Q1, 2026 Results on Apr 30, 2026Avary Holding(Shenzhen)Co., Limited announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 31Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Sep 30Avary Holding(Shenzhen)Co., Limited to Report Q3, 2025 Results on Oct 31, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jul 02Avary Holding(Shenzhen)Co., Limited to Report First Half, 2025 Results on Aug 13, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2025 results on Aug 13, 2025
お知らせ • Jun 13Avary Holding(Shenzhen)Co., Limited Announces Final Cash Dividend on A Shares for the Year 2024, Payable on 18 June 2025Avary Holding(Shenzhen)Co., Limited announced final cash dividend of CNY 10.00 per 10 shares on A shares for the year 2024. Record date: 17 June 2025, Ex-date: 18 June 2025 and Payment date: 18 June 2025.
お知らせ • Apr 30Avary Holding(Shenzhen)Co., Limited Appoints Chen-En Ko as Additional DirectorAvary Holding(Shenzhen)Co., Limited at its AGM held on April 29, 2025, elected Mr. Chen-En Ko as additional Director.
お知らせ • Apr 10Avary Holding(Shenzhen)Co., Limited Proposes Final Cash Dividend for the Year 2024Avary Holding(Shenzhen)Co., Limited announced on 09 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 10.00000000.
お知らせ • Apr 09Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 29, 2025Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 29, 2025, at 14:30 China Standard Time. Location: Room 101, Factory Building A11, Pengding Park, Songluo Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong China
お知らせ • Mar 31Avary Holding(Shenzhen)Co., Limited to Report Q1, 2025 Results on Apr 30, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 31Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2024 Results on Apr 19, 2025Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2024 results on Apr 19, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.45 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.45 in 3Q 2023). Revenue: CN¥10.4b (up 16% from 3Q 2023). Net income: CN¥1.19b (up 15% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
Buy Or Sell Opportunity • Oct 25Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at CN¥36.41. The fair value is estimated to be CN¥46.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
Buy Or Sell Opportunity • Oct 09Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to CN¥35.17. The fair value is estimated to be CN¥46.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥35.77, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.43 per share.
お知らせ • Sep 30Avary Holding(Shenzhen)Co., Limited to Report Q3, 2024 Results on Oct 31, 2024Avary Holding(Shenzhen)Co., Limited announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥6.44b (up 32% from 2Q 2023). Net income: CN¥287.0m (down 27% from 2Q 2023). Profit margin: 4.5% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Buy Or Sell Opportunity • Aug 01Now 20% undervaluedOver the last 90 days, the stock has risen 52% to CN¥36.73. The fair value is estimated to be CN¥46.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.5%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 36% in the next 2 years.
New Risk • Jul 30New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change).
お知らせ • Jun 29Avary Holding(Shenzhen)Co., Limited to Report First Half, 2024 Results on Aug 14, 2024Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2024 results on Aug 14, 2024
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥37.95, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.48 per share.
Declared Dividend • Jun 08Dividend reduced to CN¥0.50Dividend of CN¥0.50 is 29% lower than last year. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 08Avary Holding(Shenzhen)Co., Limited Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 13 June 2024Avary Holding(Shenzhen)Co., Limited announced final cash dividend/10 shares (tax included) of CNY 5.00000000 on A shares for the year 2023. Record date: 12 June 2024 Ex-date: 13 June 2024 and Payment date: 13 June 2024.
お知らせ • Apr 25Avary Holding (Shenzhen) Approves Cash Dividend (Including Tax)Avary Holding (Shenzhen) at its shareholders meeting held on April 24, 2024, approved cash dividend (including tax) of RMB 5 per 10 shares.
Reported Earnings • Apr 02Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥2.16 in FY 2022)Full year 2023 results: EPS: CN¥1.42 (down from CN¥2.16 in FY 2022). Revenue: CN¥32.1b (down 11% from FY 2022). Net income: CN¥3.29b (down 34% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 02Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥2.16 in FY 2022)Full year 2023 results: EPS: CN¥1.42 (down from CN¥2.16 in FY 2022). Revenue: CN¥32.1b (down 11% from FY 2022). Net income: CN¥3.29b (down 34% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Mar 30+ 1 more updateAvary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 24, 2024Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 24, 2024, at 14:30 China Standard Time. Location: Room 101, Factory Building A11, Pengding Park, Songluo Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong China
お知らせ • Dec 29Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2023 Results on Mar 30, 2024Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2023 results on Mar 30, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.81 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.45 (down from CN¥0.81 in 3Q 2022). Revenue: CN¥8.92b (down 16% from 3Q 2022). Net income: CN¥1.03b (down 44% from 3Q 2022). Profit margin: 12% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.35 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.35 in 2Q 2022). Revenue: CN¥4.87b (down 32% from 2Q 2022). Net income: CN¥393.3m (down 53% from 2Q 2022). Profit margin: 8.1% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
お知らせ • Jul 01Avary Holding(Shenzhen)Co., Limited to Report First Half, 2023 Results on Aug 10, 2023Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2023 results on Aug 10, 2023
Buying Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be CN¥30.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 18% in the next 2 years.
お知らせ • Jun 08Avary Holding(Shenzhen)Co., Limited Implements Final Profit Distribution Plan of (A Shares) for 2022, Payable on 13 June 2023Avary Holding(Shenzhen)Co., Limited announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 12 June 2023, Ex-date: 13 June 2023, Payment date: 13 June 2023.
Buying Opportunity • May 04Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥31.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 23% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥25.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.14 per share.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥33.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.07 per share.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: CN¥2.16 (vs CN¥1.43 in FY 2021)Full year 2022 results: EPS: CN¥2.16 (up from CN¥1.43 in FY 2021). Revenue: CN¥36.2b (up 8.7% from FY 2021). Net income: CN¥5.01b (up 51% from FY 2021). Profit margin: 14% (up from 10.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
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 Zhang Ton-Lin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.81 (vs CN¥0.45 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.81 (up from CN¥0.45 in 3Q 2021). Revenue: CN¥10.6b (up 17% from 3Q 2021). Net income: CN¥1.84b (up 76% from 3Q 2021). Profit margin: 17% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.12 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥7.11b (up 13% from 2Q 2021). Net income: CN¥833.2m (up 195% from 2Q 2021). Profit margin: 12% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥34.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 2.2% over the past three years.
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥7.08b (up 24% from 1Q 2021). Net income: CN¥593.2m (up 69% from 1Q 2021). Profit margin: 8.4% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China.
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 an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zhang Ton-Lin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CN¥1.43 (up from CN¥1.23 in FY 2020). Revenue: CN¥33.3b (up 12% from FY 2020). Net income: CN¥3.32b (up 17% from FY 2020). Profit margin: 10.0% (in line with FY 2020). Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in China.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.26 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.05b (up 23% from 3Q 2020). Net income: CN¥1.04b (up 78% from 3Q 2020). Profit margin: 12% (up from 8.0% in 3Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.21 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥6.28b (up 2.1% from 2Q 2020). Net income: CN¥282.2m (down 42% from 2Q 2020). Profit margin: 4.5% (down from 7.9% in 2Q 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥35.15, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 29% over the past year.
Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.13 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¥5.69b (up 43% from 1Q 2020). Net income: CN¥351.1m (up 14% from 1Q 2020). Profit margin: 6.2% (down from 7.7% in 1Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Apr 04Full year 2020 earnings released: EPS CN¥1.23 (vs CN¥1.27 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥29.9b (up 12% from FY 2019). Net income: CN¥2.84b (down 2.8% from FY 2019). Profit margin: 9.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses.
Is New 90 Day High Low • Mar 11New 90-day low: CN¥38.70The company is down 26% from its price of CN¥51.96 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.66 per share.
Reported Earnings • Feb 06Full year 2020 earnings released: EPS CN¥1.22 (vs CN¥1.27 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥29.9b (up 12% from FY 2019). Net income: CN¥2.83b (down 3.2% from FY 2019). Profit margin: 9.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Feb 06Revenue beats expectationsRevenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 16%, compared to a 31% growth forecast for the Electronic industry in China.
Is New 90 Day High Low • Feb 04New 90-day low: CN¥39.45The company is down 24% from its price of CN¥51.91 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.87 per share.
Is New 90 Day High Low • Jan 19New 90-day low: CN¥46.36The company is down 11% from its price of CN¥52.06 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.95 per share.
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 15% share price gain to CN¥55.65, the stock is trading at a trailing P/E ratio of 49.2x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 45x in the Electronic industry in China. Total returns to shareholders over the past year are 9.2%.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.26The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥7.35b (down 8.1% from 3Q 2019). Net income: CN¥587.3m (down 46% from 3Q 2019). Profit margin: 8.0% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Oct 10New 90-day high: CN¥58.84The company is up 13% from its price of CN¥52.25 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.28 per share.
お知らせ • Jul 19Avary Holding (Shenzhen) Co., Limited to Report First Half, 2020 Results on Aug 13, 2020Avary Holding (Shenzhen) Co., Limited announced that they will report first half, 2020 results on Aug 13, 2020