How does 688612's PE Ratio compare to its peers?

688612 is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (22.7x).

How does 688612's PE Ratio compare vs other companies in the CN Auto Components Industry?

688612 is good value based on its Price-To-Earnings Ratio (19.8x) compared to the CN Auto Components industry average (32x).

What is 688612'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.

Insufficient data to calculate 688612's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 688612 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688612 (CN¥24.01) is trading above our estimate of [[fair value]] (CN¥6.7)

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

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.

688612 Stock Overview

Engages in the research, development, production, and sale of power electronics and power transmission products in China and internationally. More details

688612 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	3/6
Financial Health	5/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (19.8x) is below the CN market (36.6x)

Earnings are forecast to grow 25.34% per year

Earnings grew by 38.8% over the past year

Risk Analysis

High level of non-cash earnings

Dividend of 2.14% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Shenzhen VMAX New Energy Co., Ltd. Competitors

Kunshan Huguang Auto HarnessLtd

SHSE:605333

CN¥14.0b

Zhejiang Songyuan Automotive Safety SystemsLtd

SZSE:300893

CN¥6.6b

Ningbo Huaxiang Electronic

SZSE:002048

CN¥10.3b

Shanghai Baolong Automotive

SHSE:603197

CN¥8.0b

Price History & Performance

Summary of share price highs, lows and changes for Shenzhen VMAX New Energy
Historical stock prices
Current Share Price	CN¥24.01
52 Week High	CN¥30.50
52 Week Low	CN¥17.68
Beta	0
1 Month Change	-5.10%
3 Month Change	29.29%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	18.33%

Recent updates

Shareholder Returns

	688612	CN Auto Components	CN Market
7D	-7.4%	-1.9%	-1.2%
1Y	n/a	11.9%	11.8%

Return vs Industry: Insufficient data to determine how 688612 performed against the CN Auto Components industry.

Return vs Market: Insufficient data to determine how 688612 performed against the CN Market.

Price Volatility

Is 688612's price volatile compared to industry and market?
688612 volatility
688612 Average Weekly Movement	10.1%
Auto Components Industry Average Movement	8.3%
Market Average Movement	8.7%
10% most volatile stocks in CN Market	12.8%
10% least volatile stocks in CN Market	5.7%

Stable Share Price: 688612 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: Insufficient data to determine 688612's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2005	3,427	Jun Liu	www.vmaxpower.com.cn

Shenzhen VMAX New Energy Co., Ltd. engages in the research, development, production, and sale of power electronics and power transmission products in China and internationally. The company offers inverters, gearboxes, electric vehicle communication controllers, and wireless electric vehicle charging systems.

Shenzhen VMAX New Energy Co., Ltd. Fundamentals Summary

How do Shenzhen VMAX New Energy's earnings and revenue compare to its market cap?
688612 fundamental statistics
Market cap	CN¥10.11b
Earnings (TTM)	CN¥510.50m
Revenue (TTM)	CN¥6.29b

19.8x

P/E Ratio

1.6x

P/S Ratio

Is 688612 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
688612 income statement (TTM)
Revenue	CN¥6.29b
Cost of Revenue	CN¥5.02b
Gross Profit	CN¥1.27b
Other Expenses	CN¥754.93m
Earnings	CN¥510.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.21
Gross Margin	20.12%
Net Profit Margin	8.12%
Debt/Equity Ratio	19.5%

How did 688612 perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

71%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 01:41
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shenzhen VMAX New Energy Co., Ltd. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jiancong Yuan	Citic Securities Co., Ltd.
Weichen Wu	Citic Securities Co., Ltd.
Zhongshu Yin	Everbright Securities Co. Ltd.