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6037

Zhejiang Dehong Automotive Electronic & Electrical SHSE:603701 Stock Report

Last Price

CN¥14.32

Market Cap

CN¥3.7b

7D

14.8%

1Y

48.9%

Updated

29 Sep, 2022

Data

Company Financials
603701 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends2/6

603701 Stock Overview

Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd.

Zhejiang Dehong Automotive Electronic & Electrical Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zhejiang Dehong Automotive Electronic & Electrical
Historical stock prices
Current Share PriceCN¥14.32
52 Week HighCN¥15.57
52 Week LowCN¥7.03
Beta-0.36
1 Month Change27.18%
3 Month Change65.93%
1 Year Change48.86%
3 Year Change55.00%
5 Year Change29.29%
Change since IPO119.42%

Recent News & Updates

Shareholder Returns

603701CN Auto ComponentsCN Market
7D14.8%-5.0%-2.9%
1Y48.9%2.1%-17.3%

Return vs Industry: 603701 exceeded the CN Auto Components industry which returned 2.1% over the past year.

Return vs Market: 603701 exceeded the CN Market which returned -17.3% over the past year.

Price Volatility

Is 603701's price volatile compared to industry and market?
603701 volatility
603701 Average Weekly Movement9.4%
Auto Components Industry Average Movement7.1%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 603701 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 603701's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
1978434n/ahttps://www.dehong.com.cn

Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. researches, develops, manufactures, and sells automobile alternators in China. Its alternator products are used in commercial vehicles and passenger cars, aftermarket products, and electronic vacuum pumps.

Zhejiang Dehong Automotive Electronic & Electrical Fundamentals Summary

How do Zhejiang Dehong Automotive Electronic & Electrical's earnings and revenue compare to its market cap?
603701 fundamental statistics
Market CapCN¥3.74b
Earnings (TTM)CN¥26.90m
Revenue (TTM)CN¥509.18m

139.1x

P/E Ratio

7.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603701 income statement (TTM)
RevenueCN¥509.18m
Cost of RevenueCN¥417.59m
Gross ProfitCN¥91.59m
Other ExpensesCN¥64.69m
EarningsCN¥26.90m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin17.99%
Net Profit Margin5.28%
Debt/Equity Ratio0.0%

How did 603701 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

46%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 603701 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603701?

Other financial metrics that can be useful for relative valuation.

603701 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7x
Enterprise Value/EBITDA89.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 603701's PE Ratio compare to its peers?

603701 PE Ratio vs Peers
The above table shows the PE ratio for 603701 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.2x
300580 Wuxi Best Precision Machinery
19.6xn/aCN¥3.3b
300695 Zhejiang Zhaofeng Mechanical and ElectronicLtd
22.4x31.9%CN¥3.7b
300421 Jiangsu LiXing General Steel BallLtd
59.6xn/aCN¥3.4b
002593 Xiamen Sunrise Group
39.1xn/aCN¥2.9b
603701 Zhejiang Dehong Automotive Electronic & Electrical
139.1xn/aCN¥3.7b

Price-To-Earnings vs Peers: 603701 is expensive based on its Price-To-Earnings Ratio (139.1x) compared to the peer average (35.2x).


Price to Earnings Ratio vs Industry

How does 603701's PE Ratio compare vs other companies in the CN Auto Components Industry?

Price-To-Earnings vs Industry: 603701 is expensive based on its Price-To-Earnings Ratio (139.1x) compared to the CN Auto Components industry average (45.9x)


Price to Earnings Ratio vs Fair Ratio

What is 603701's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603701 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio139.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 603701's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 603701 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603701 (CN¥14.32) is trading above our estimate of fair value (CN¥3.65)

Significantly Below Fair Value: 603701 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Zhejiang Dehong Automotive Electronic & Electrical forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


35.5%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zhejiang Dehong Automotive Electronic & Electrical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Zhejiang Dehong Automotive Electronic & Electrical performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603701 has a large one-off gain of CN¥7.6M impacting its June 30 2022 financial results.

Growing Profit Margin: 603701's current net profit margins (5.3%) are lower than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: 603701's earnings have declined by 17.3% per year over the past 5 years.

Accelerating Growth: 603701's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603701 had negative earnings growth (-53.6%) over the past year, making it difficult to compare to the Auto Components industry average (-23.1%).


Return on Equity

High ROE: 603701's Return on Equity (3.8%) is considered low.


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Financial Health

How is Zhejiang Dehong Automotive Electronic & Electrical's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603701's short term assets (CN¥502.0M) exceed its short term liabilities (CN¥157.5M).

Long Term Liabilities: 603701's short term assets (CN¥502.0M) exceed its long term liabilities (CN¥48.4M).


Debt to Equity History and Analysis

Debt Level: 603701 is debt free.

Reducing Debt: 603701 has no debt compared to 5 years ago when its debt to equity ratio was 1.8%.

Debt Coverage: 603701 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 603701 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Zhejiang Dehong Automotive Electronic & Electrical current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.35%

Current Dividend Yield

Dividend Yield vs Market

Zhejiang Dehong Automotive Electronic & Electrical Dividend Yield vs Market
How does Zhejiang Dehong Automotive Electronic & Electrical dividend yield compare to the market?
SegmentDividend Yield
Company (Zhejiang Dehong Automotive Electronic & Electrical)0.3%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Auto Components)1.8%
Analyst forecast in 3 Years (Zhejiang Dehong Automotive Electronic & Electrical)n/a

Notable Dividend: 603701's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.53%).

High Dividend: 603701's dividend (0.35%) is low compared to the top 25% of dividend payers in the CN market (2.13%).


Stability and Growth of Payments

Stable Dividend: 603701 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603701 has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.2%), 603701's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (19.6%), 603701's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average board tenure


CEO

Zhejiang Dehong Automotive Electronic & Electrical has no CEO, or we have no data on them.


Board Members

Experienced Board: 603701's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 603701?
Owner TypeNumber of SharesOwnership Percentage
Institutions1,906,8380.7%
Individual Insiders71,384,66427.3%
Private Companies80,490,00030.8%
General Public107,580,39941.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 21 shareholders own 58.84% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.14%
Ningbo Zhenhai District State-owned Assets Management Service Center
78,780,000CN¥1.1b0%no data
12.4%
Yuan Yuan Zhang
32,418,443CN¥464.2m0%no data
6.62%
Hong Bao Zhang
17,297,280CN¥247.7m0%no data
3.23%
Min Xia Shi
8,430,240CN¥120.7m0%no data
1.01%
Ning Zhang
2,640,019CN¥37.8m0%no data
0.71%
UBS Asset Management
1,855,348CN¥26.6m0%no data
0.65%
Jiangsu Jihua Supply Chain Management Co., Ltd.
1,710,000CN¥24.5m0%no data
0.53%
Jian Rong Shen
1,385,748CN¥19.8m0%no data
0.53%
Pi Xue Hu
1,385,748CN¥19.8m0%no data
0.52%
Mei Feng Tang
1,352,655CN¥19.4m0%no data
0.5%
Ting Ting Zhang
1,305,748CN¥18.7m0%no data
0.42%
Bin Yao Shen
1,107,880CN¥15.9m-2.64%no data
0.41%
Guo Qiang Zhu
1,077,804CN¥15.4m0%no data
0.36%
Jian Feng Cai
932,904CN¥13.4m-25%no data
0.36%
Wei Min Ni
931,700CN¥13.3m-25%no data
0.31%
Kai Kai Wang
801,014CN¥11.5m-25%no data
0.11%
Li Li Zhao
294,840CN¥4.2m0%no data
0.016%
China Asset Management Co., Ltd.
42,350CN¥606.5k0%no data
0.0087%
Guosong Zu
22,641CN¥324.2k0%no data
0.0033%
GF Fund Management Co., Ltd.
8,540CN¥122.3k0%no data
0.00023%
Bosera Asset Management Co., Ltd.
600CN¥8.6k0%no data

Company Information

Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd.
  • Ticker: 603701
  • Exchange: SHSE
  • Founded: 1978
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥3.743b
  • Shares outstanding: 261.36m
  • Website: https://www.dehong.com.cn

Number of Employees


Location

  • Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd.
  • No.1888,Southern Tai-Lake Avenue
  • Huzhou
  • Zhejiang Province
  • 313000
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603701SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYApr 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.