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6037

Zhejiang Zomax Transmission SHSE:603767 Stock Report

Last Price

CN¥7.22

Market Cap

CN¥2.2b

7D

-5.4%

1Y

9.7%

Updated

04 Oct, 2022

Data

Company Financials
603767 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends2/6

603767 Stock Overview

Zhejiang Zomax Transmission Co., Ltd. engages in the research and development, production and sales of automobile transmissions and vehicle gears.

Zhejiang Zomax Transmission Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zhejiang Zomax Transmission
Historical stock prices
Current Share PriceCN¥7.22
52 Week HighCN¥12.21
52 Week LowCN¥6.42
Beta0.089
1 Month Change-11.08%
3 Month Change-9.18%
1 Year Change9.73%
3 Year Change0.14%
5 Year Change-52.74%
Change since IPO-37.26%

Recent News & Updates

Shareholder Returns

603767CN Auto ComponentsCN Market
7D-5.4%-5.3%-1.5%
1Y9.7%-1.9%-19.2%

Return vs Industry: 603767 exceeded the CN Auto Components industry which returned -1.9% over the past year.

Return vs Market: 603767 exceeded the CN Market which returned -19.2% over the past year.

Price Volatility

Is 603767's price volatile compared to industry and market?
603767 volatility
603767 Average Weekly Movement4.8%
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: 603767 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 603767's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20051,063n/ahttps://www.xomaxcd.com

Zhejiang Zomax Transmission Co., Ltd. engages in the research and development, production and sales of automobile transmissions and vehicle gears. It provides automobile transmissions, new energy automobile reducers, automobile gears, automobile manual transmission gears, automobile steering gears, automobile engine gears and heavy truck transmission gears; motorcycle gears; automatic transmission gears, new energy automobile reducer gears, automobile oil pump shafts, and agricultural machinery gears. The company’s automotive transmission products are primarily used in light vehicles, such as pickup trucks, SUVs, MPVs, and light buses.

Zhejiang Zomax Transmission Fundamentals Summary

How do Zhejiang Zomax Transmission's earnings and revenue compare to its market cap?
603767 fundamental statistics
Market CapCN¥2.19b
Earnings (TTM)CN¥49.87m
Revenue (TTM)CN¥1.04b

44.0x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603767 income statement (TTM)
RevenueCN¥1.04b
Cost of RevenueCN¥897.97m
Gross ProfitCN¥146.29m
Other ExpensesCN¥96.42m
EarningsCN¥49.87m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin14.01%
Net Profit Margin4.78%
Debt/Equity Ratio0.0%

How did 603767 perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

187%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 603767 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 603767?

Other financial metrics that can be useful for relative valuation.

603767 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/Revenue1.7x
Enterprise Value/EBITDA17.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 603767's PE Ratio compare to its peers?

603767 PE Ratio vs Peers
The above table shows the PE ratio for 603767 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average48.3x
002725 Zhejiang Yueling
84.3xn/aCN¥2.2b
300585 NanJing AoLian AE&EALtd
61.8xn/aCN¥2.1b
603006 Shanghai Lianming Machinery
19.4xn/aCN¥2.1b
603178 Ningbo Shenglong Automotive Powertrain SystemLtd
27.8xn/aCN¥2.3b
603767 Zhejiang Zomax Transmission
44xn/aCN¥2.2b

Price-To-Earnings vs Peers: 603767 is good value based on its Price-To-Earnings Ratio (44x) compared to the peer average (48.3x).


Price to Earnings Ratio vs Industry

How does 603767's PE Ratio compare vs other companies in the CN Auto Components Industry?

Price-To-Earnings vs Industry: 603767 is good value based on its Price-To-Earnings Ratio (44x) compared to the CN Auto Components industry average (44.7x)


Price to Earnings Ratio vs Fair Ratio

What is 603767'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.

603767 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 603767's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 603767 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603767 (CN¥7.22) is trading below our estimate of fair value (CN¥16.84)

Significantly Below Fair Value: 603767 is trading below fair value by more than 20%.


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 Zomax Transmission 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


35.2%

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 Zomax Transmission 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.


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  • Examine whether Zhejiang Zomax Transmission is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Zhejiang Zomax Transmission 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


-8.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603767 has a large one-off gain of CN¥23.4M impacting its June 30 2022 financial results.

Growing Profit Margin: 603767's current net profit margins (4.8%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: 603767's earnings have declined by 8.6% per year over the past 5 years.

Accelerating Growth: 603767's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603767 had negative earnings growth (-17%) over the past year, making it difficult to compare to the Auto Components industry average (-23.1%).


Return on Equity

High ROE: 603767's Return on Equity (3.5%) is considered low.


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Financial Health

How is Zhejiang Zomax Transmission'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: 603767's short term assets (CN¥988.9M) exceed its short term liabilities (CN¥376.5M).

Long Term Liabilities: 603767's short term assets (CN¥988.9M) exceed its long term liabilities (CN¥51.3M).


Debt to Equity History and Analysis

Debt Level: 603767 is debt free.

Reducing Debt: 603767 has no debt compared to 5 years ago when its debt to equity ratio was 4.8%.

Debt Coverage: 603767 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 603767 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Zhejiang Zomax Transmission 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


4.15%

Current Dividend Yield

Dividend Yield vs Market

Zhejiang Zomax Transmission Dividend Yield vs Market
How does Zhejiang Zomax Transmission dividend yield compare to the market?
SegmentDividend Yield
Company (Zhejiang Zomax Transmission)4.2%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.2%
Industry Average (Auto Components)1.8%
Analyst forecast in 3 Years (Zhejiang Zomax Transmission)n/a

Notable Dividend: 603767's dividend (4.16%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 603767's dividend (4.16%) is in the top 25% of dividend payers in the CN market (2.16%)


Stability and Growth of Payments

Stable Dividend: 603767 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603767's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (186.8%), 603767's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (100.2%), 603767's dividend payments are not well covered by cash flows.


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Management

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

2.9yrs

Average board tenure


CEO

Zhejiang Zomax Transmission has no CEO, or we have no data on them.


Board Members

Experienced Board: 603767's board of directors are not considered experienced ( 2.9 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 603767?
Owner TypeNumber of SharesOwnership Percentage
Institutions1,2000.0004%
Private Companies79,553,52226.2%
General Public88,252,00029.0%
Individual Insiders135,997,77844.8%

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


Top Shareholders

Top 10 shareholders own 70.95% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
34.02%
Jiang Wu
103,356,478CN¥746.2m0%no data
26.19%
Zomax Group Co., Ltd.
79,553,522CN¥574.4m0%no data
6.91%
Liangxing Wu
21,000,000CN¥151.6m0%no data
1.18%
Chun Sheng Zhang
3,590,000CN¥25.9m0%no data
0.93%
Qing Lin Liu
2,827,100CN¥20.4m0%no data
0.6%
Zi Kun Qi
1,824,000CN¥13.2m0%no data
0.54%
Jun Hui Huang
1,641,200CN¥11.8m0%no data
0.45%
Qi Gao
1,369,000CN¥9.9m0%no data
0.13%
Xiaorui Liang
390,000CN¥2.8m0%no data
0.00026%
Bosera Asset Management Co., Ltd.
800CN¥5.8k0%no data

Company Information

Zhejiang Zomax Transmission Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Zomax Transmission Co., Ltd.
  • Ticker: 603767
  • Exchange: SHSE
  • Founded: 2005
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥2.193b
  • Shares outstanding: 303.80m
  • Website: https://www.xomaxcd.com

Number of Employees


Location

  • Zhejiang Zomax Transmission Co., Ltd.
  • No.1, Jingyi Road
  • Shangma Industrial Zone
  • Wenling
  • Zhejiang Province
  • 317513
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603767SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJun 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/09/30 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.