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2865

Hainan Drinda New Energy Technology SZSE:002865 Stock Report

Last Price

CN¥188.00

Market Cap

CN¥28.0b

7D

-4.3%

1Y

476.2%

Updated

30 Sep, 2022

Data

Company Financials +
2865 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance2/6
Financial Health4/6
Dividends0/6

2865 Stock Overview

Hainan Drinda New Energy Technology Co., Ltd.

Hainan Drinda New Energy Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hainan Drinda New Energy Technology
Historical stock prices
Current Share PriceCN¥188.00
52 Week HighCN¥218.04
52 Week LowCN¥27.58
Beta-0.35
1 Month Change21.59%
3 Month Change92.66%
1 Year Change476.16%
3 Year Change1,092.14%
5 Year Change712.45%
Change since IPO1,342.82%

Recent News & Updates

Shareholder Returns

2865CN Auto ComponentsCN Market
7D-4.3%-3.5%-2.2%
1Y476.2%1.3%-18.4%

Return vs Industry: 002865 exceeded the CN Auto Components industry which returned 1.3% over the past year.

Return vs Market: 002865 exceeded the CN Market which returned -18.4% over the past year.

Price Volatility

Is 2865's price volatile compared to industry and market?
2865 volatility
2865 Average Weekly Movement11.8%
Auto Components Industry Average Movement7.2%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 002865 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 002865's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
20032,724Xiaohong Luhttps://www.drinda.com.cn

Hainan Drinda New Energy Technology Co., Ltd. designs, researches, develops, produces, and markets automotive interior and exterior trims. It offers dashboards, bumpers, door guards, and other trims.

Hainan Drinda New Energy Technology Fundamentals Summary

How do Hainan Drinda New Energy Technology's earnings and revenue compare to its market cap?
2865 fundamental statistics
Market CapCN¥28.01b
Earnings (TTM)CN¥128.94m
Revenue (TTM)CN¥6.70b

206.4x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2865 income statement (TTM)
RevenueCN¥6.70b
Cost of RevenueCN¥6.09b
Gross ProfitCN¥607.75m
Other ExpensesCN¥478.82m
EarningsCN¥128.94m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.91
Gross Margin9.08%
Net Profit Margin1.93%
Debt/Equity Ratio40.5%

How did 2865 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 2865 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 2865?

Other financial metrics that can be useful for relative valuation.

2865 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/Revenue4.3x
Enterprise Value/EBITDA68.2x
PEG Ratio3.8x

Price to Sales Ratio vs Peers

How does 2865's PS Ratio compare to its peers?

2865 PS Ratio vs Peers
The above table shows the PS ratio for 2865 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.7x
603305 Ningbo Xusheng Auto Technology
6.3x27.8%CN¥25.5b
002850 Shenzhen Kedali Industry
3.7x40.9%CN¥23.8b
603348 Wencan GroupLtd
4.1x24.1%CN¥20.1b
002472 Zhejiang Shuanghuan Driveline
3.9x19.3%CN¥23.7b
002865 Hainan Drinda New Energy Technology
4x31.2%CN¥28.0b

Price-To-Sales vs Peers: 002865 is good value based on its Price-To-Sales Ratio (4x) compared to the peer average (4.7x).


Price to Earnings Ratio vs Industry

How does 2865's PE Ratio compare vs other companies in the CN Auto Components Industry?

Price-To-Sales vs Industry: 002865 is expensive based on its Price-To-Sales Ratio (4x) compared to the CN Auto Components industry average (2.7x)


Price to Sales Ratio vs Fair Ratio

What is 2865's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2865 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: 002865 is expensive based on its Price-To-Sales Ratio (4x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).


Share Price vs Fair Value

What is the Fair Price of 2865 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002865 (CN¥188) is trading above our estimate of fair value (CN¥161.17)

Significantly Below Fair Value: 002865 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 Hainan Drinda New Energy Technology forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


54.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002865's forecast earnings growth (54.6% per year) is above the savings rate (3.2%).

Earnings vs Market: 002865's earnings (54.6% per year) are forecast to grow faster than the CN market (25.9% per year).

High Growth Earnings: 002865's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002865's revenue (31.2% per year) is forecast to grow faster than the CN market (18.2% per year).

High Growth Revenue: 002865's revenue (31.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002865's Return on Equity is forecast to be high in 3 years time (35.2%)


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Past Performance

How has Hainan Drinda New Energy Technology performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-39.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002865 has high quality earnings.

Growing Profit Margin: 002865 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 002865's earnings have declined by 39.8% per year over the past 5 years.

Accelerating Growth: 002865 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 002865 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (-23.1%).


Return on Equity

High ROE: 002865's Return on Equity (12.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Hainan Drinda New Energy Technology's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002865's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥2.7B).

Long Term Liabilities: 002865's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: 002865 has more cash than its total debt.

Reducing Debt: 002865's debt to equity ratio has increased from 15.1% to 40.5% over the past 5 years.

Debt Coverage: 002865's debt is well covered by operating cash flow (69.5%).

Interest Coverage: 002865 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Hainan Drinda New Energy Technology current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.53%

Forecast Dividend Yield

Dividend Yield vs Market

Hainan Drinda New Energy Technology Dividend Yield vs Market
How does Hainan Drinda New Energy Technology dividend yield compare to the market?
SegmentDividend Yield
Company (Hainan Drinda New Energy Technology)0%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Auto Components)1.8%
Analyst forecast in 3 Years (Hainan Drinda New Energy Technology)0.5%

Notable Dividend: Unable to evaluate 002865's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 002865's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 002865's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002865's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 002865 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 002865 has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.9yrs

Average board tenure


CEO

Xiaohong Lu (56 yo)

3.25yrs

Tenure

CN¥500,000

Compensation

Ms. Xiaohong Lu is Chairman & General Manager of Hainan Drinda New Energy Technology Co., Ltd. (formerly known as Hainan Drinda Automotive Trim Co., Ltd). She was Non-Independent Director of Hainan Drinda...


Board Members

Experienced Board: 002865's board of directors are considered experienced (3.9 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

What is the ownership structure of 2865?
Owner TypeNumber of SharesOwnership Percentage
General Public19,779,42714.0%
Institutions20,925,38514.8%
Individual Insiders23,419,46116.5%
Private Companies77,400,00054.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.6%.


Top Shareholders

Top 15 shareholders own 74.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
23.51%
Hainan Yang Family Investment Co., Ltd.
33,272,139CN¥6.3b0%no data
13.26%
Supor Group Co. Ltd.
18,759,461CN¥3.5b0%no data
13.26%
Xianze Su
18,759,461CN¥3.5b0%no data
13.24%
Shangrao Innovation Development Industry Investment Group Co.,Ltd.
18,741,000CN¥3.5b0%no data
4.68%
Shangrao Zhanhong New Energy Technology Center (Limited Partnership)
6,627,400CN¥1.2b0%no data
3.18%
Xiao Ping Xu
4,500,000CN¥846.0m0%no data
1.95%
Hangzhou Jiuying Asset Management Co., Ltd.
2,762,834CN¥519.4m0%no data
0.78%
Morgan Stanley, Investment Banking and Brokerage Investments
1,103,128CN¥207.4m0%0.01%
0.23%
Dacheng Fund Management Company Limited
325,900CN¥61.3m0%0.09%
0.085%
Jindi Yang
120,000CN¥22.6m0%no data
0.028%
Tong Zheng
40,000CN¥7.5m0%no data
0.018%
E Fund Management Co., Ltd.
25,900CN¥4.9m0%no data
0.0056%
New China Fund Management Co. Limited
8,000CN¥1.5m0%0.01%
0.00099%
Essence Fund Management Co., Ltd
1,400CN¥263.2k0%no data
0.00007%
Bosera Asset Management Co., Ltd.
100CN¥18.8k0%no data

Company Information

Hainan Drinda New Energy Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Hainan Drinda New Energy Technology Co., Ltd.
  • Ticker: 2865
  • Exchange: SZSE
  • Founded: 2003
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥28.008b
  • Shares outstanding: 141.52m
  • Website: https://www.drinda.com.cn

Number of Employees


Location

  • Hainan Drinda New Energy Technology Co., Ltd.
  • Haikou Free Trade Zone
  • No. 168 Nanhai Avenue
  • Haikou
  • Hainan Province
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2865SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYApr 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 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.