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2765

Landai Technology Group SZSE:002765 Stock Report

Last Price

CN¥10.70

Market Cap

CN¥6.2b

7D

9.5%

1Y

49.2%

Updated

13 Aug, 2022

Data

Company Financials +
2765 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends3/6

2765 Stock Overview

Landai Technology Group Corp., Ltd. primarily engages in the research, design, development, manufacture, and sale of power transmission assemblies, transmission parts, and die-casting products for the automotive, textile machinery, and general machinery markets in China.

Landai Technology Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Landai Technology Group
Historical stock prices
Current Share PriceCN¥10.70
52 Week HighCN¥12.20
52 Week LowCN¥5.16
Beta0.57
1 Month Change34.76%
3 Month Change72.30%
1 Year Change49.23%
3 Year Change117.04%
5 Year Change11.23%
Change since IPO93.84%

Recent News & Updates

Shareholder Returns

2765CN Auto ComponentsCN Market
7D9.5%-0.4%1.6%
1Y49.2%7.7%-10.1%

Return vs Industry: 002765 exceeded the CN Auto Components industry which returned 7.7% over the past year.

Return vs Market: 002765 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 2765's price volatile compared to industry and market?
2765 volatility
2765 Average Weekly Movement10.4%
Auto Components Industry Average Movement7.7%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 002765 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 002765's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19963,948Junhan Zhuhttps://www.cqld.com

Landai Technology Group Corp., Ltd. primarily engages in the research, design, development, manufacture, and sale of power transmission assemblies, transmission parts, and die-casting products for the automotive, textile machinery, and general machinery markets in China. The company offers manual and automatic transmission assemblies, new energy reducers, and textile machinery transmission assemblies; and automobile transmission gears, shafts, synchronizers, and other parts, as well as balance box/shafts, and transmission case/cylinder. It also provides automobile engine gears, shafts, and other parts; textile machinery parts; automobile engine cylinder transmission and steering gear shells; mechanical die-casting parts; and other products.

Landai Technology Group Fundamentals Summary

How do Landai Technology Group's earnings and revenue compare to its market cap?
2765 fundamental statistics
Market CapCN¥6.15b
Earnings (TTM)CN¥220.25m
Revenue (TTM)CN¥3.14b

27.9x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2765 income statement (TTM)
RevenueCN¥3.14b
Cost of RevenueCN¥2.63b
Gross ProfitCN¥511.66m
Other ExpensesCN¥291.41m
EarningsCN¥220.25m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin16.31%
Net Profit Margin7.02%
Debt/Equity Ratio26.5%

How did 2765 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

13%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2765 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 2765?

Other financial metrics that can be useful for relative valuation.

2765 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/Revenue2x
Enterprise Value/EBITDA16.3x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does 2765's PE Ratio compare to its peers?

2765 PE Ratio vs Peers
The above table shows the PE ratio for 2765 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average52.4x
300680 Wuxi Longsheng TechnologyLtd
52.3x46.0%CN¥5.5b
603758 Chongqing Qin'an M&E
36.9xn/aCN¥4.3b
300643 Hamaton Automotive Technology
35.8xn/aCN¥4.3b
600178 Harbin Dongan Auto EngineLtd
84.9xn/aCN¥3.6b
002765 Landai Technology Group
27.9x24.0%CN¥6.2b

Price-To-Earnings vs Peers: 002765 is good value based on its Price-To-Earnings Ratio (27.9x) compared to the peer average (52.4x).


Price to Earnings Ratio vs Industry

How does 2765's PE Ratio compare vs other companies in the CN Auto Components Industry?

Price-To-Earnings vs Industry: 002765 is good value based on its Price-To-Earnings Ratio (27.9x) compared to the CN Auto Components industry average (51.7x)


Price to Earnings Ratio vs Fair Ratio

What is 2765'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.

2765 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.9x
Fair PE Ratio29.9x

Price-To-Earnings vs Fair Ratio: 002765 is good value based on its Price-To-Earnings Ratio (27.9x) compared to the estimated Fair Price-To-Earnings Ratio (29.9x).


Share Price vs Fair Value

What is the Fair Price of 2765 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002765 (CN¥10.7) is trading above our estimate of fair value (CN¥1.38)

Significantly Below Fair Value: 002765 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: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Landai Technology Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002765's forecast earnings growth (24% per year) is above the savings rate (3.2%).

Earnings vs Market: 002765's earnings (24% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 002765's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002765's revenue (17.1% per year) is forecast to grow slower than the CN market (17.7% per year).

High Growth Revenue: 002765's revenue (17.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002765's Return on Equity is forecast to be low in 3 years time (13.9%).


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Past Performance

How has Landai Technology Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002765 has a large one-off gain of CN¥80.5M impacting its March 31 2022 financial results.

Growing Profit Margin: 002765's current net profit margins (7%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 002765's earnings have declined by 0.2% per year over the past 5 years.

Accelerating Growth: 002765's earnings growth over the past year (239.7%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: 002765 earnings growth over the past year (239.7%) exceeded the Auto Components industry -16.7%.


Return on Equity

High ROE: 002765's Return on Equity (11.7%) is considered low.


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Financial Health

How is Landai Technology Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002765's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.6B).

Long Term Liabilities: 002765's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥760.0M).


Debt to Equity History and Analysis

Debt Level: 002765 has more cash than its total debt.

Reducing Debt: 002765's debt to equity ratio has increased from 21.1% to 26.5% over the past 5 years.

Debt Coverage: 002765's debt is well covered by operating cash flow (39.1%).

Interest Coverage: 002765's interest payments on its debt are well covered by EBIT (16.2x coverage).


Balance Sheet


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Dividend

What is Landai Technology Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002765's dividend (0.47%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 002765's dividend (0.47%) is low compared to the top 25% of dividend payers in the CN market (1.88%).


Stability and Growth of Payments

Stable Dividend: 002765 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002765 has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.1%), 002765's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (24%), 002765'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?

3.3yrs

Average board tenure


CEO

Junhan Zhu (32 yo)

no data

Tenure

CN¥712,800

Compensation

Mr. Junhan Zhu has been Non-Independent Director of Landai Technology Group Corp., Ltd. (formerly known as Chongqing Landai Powertrain Corp., Ltd.). since October 18, 2017 and has been its Managing Directo...


Board Members

Experienced Board: 002765's board of directors are considered experienced (3.3 years average tenure).


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

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


Top Shareholders

Company Information

Landai Technology Group Corp., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Landai Technology Group Corp., Ltd.
  • Ticker: 2765
  • Exchange: SZSE
  • Founded: 1996
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥6.154b
  • Shares outstanding: 575.18m
  • Website: https://www.cqld.com

Number of Employees


Location

  • Landai Technology Group Corp., Ltd.
  • Biquan Street
  • No. 100, Jianshan Road
  • Chongqing
  • 402760
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
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.