SHSE:601882

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Ningbo Haitian Precision Machinery

Executive Summary

Ningbo Haitian Precision Machinery Co., Ltd. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Ningbo Haitian Precision Machinery's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 601882's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.3%

601882

-2.5%

CN Machinery

-2.6%

CN Market


1 Year Return

75.3%

601882

26.1%

CN Machinery

25.6%

CN Market

Return vs Industry: 601882 exceeded the CN Machinery industry which returned 24.1% over the past year.

Return vs Market: 601882 exceeded the CN Market which returned 25.7% over the past year.


Shareholder returns

601882IndustryMarket
7 Day-7.3%-2.5%-2.6%
30 Day8.0%3.4%2.1%
90 Day38.4%3.4%-2.0%
1 Year76.3%75.3%27.5%26.1%27.7%25.6%
3 Year-19.5%-20.9%-3.8%-7.1%11.9%6.6%
5 Yearn/a-15.9%-19.6%15.8%8.0%

Price Volatility Vs. Market

How volatile is Ningbo Haitian Precision Machinery's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ningbo Haitian Precision Machinery undervalued compared to its fair value and its price relative to the market?

71.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 601882 (CN¥13.2) is trading above our estimate of fair value (CN¥5.8)

Significantly Below Fair Value: 601882 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 601882 is poor value based on its PE Ratio (71x) compared to the CN Machinery industry average (43.3x).

PE vs Market: 601882 is poor value based on its PE Ratio (71x) compared to the CN market (40.2x).


Price to Earnings Growth Ratio

PEG Ratio: 601882 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 601882 is overvalued based on its PB Ratio (5.2x) compared to the CN Machinery industry average (3x).


Next Steps

Future Growth

How is Ningbo Haitian Precision Machinery forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

39.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601882's forecast earnings growth (39.8% per year) is above the savings rate (3.3%).

Earnings vs Market: 601882's earnings (39.8% per year) are forecast to grow faster than the CN market (24% per year).

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

Revenue vs Market: 601882's revenue (29.2% per year) is forecast to grow faster than the CN market (17.6% per year).

High Growth Revenue: 601882's revenue (29.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 601882's Return on Equity is forecast to be low in 3 years time (11.7%).


Next Steps

Past Performance

How has Ningbo Haitian Precision Machinery performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 601882 has a large one-off gain of CN¥39.1M impacting its June 30 2020 financial results.

Growing Profit Margin: 601882's current net profit margins (7.2%) are lower than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: 601882's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: 601882's earnings growth over the past year (13.1%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: 601882 earnings growth over the past year (13.1%) exceeded the Machinery industry 6.5%.


Return on Equity

High ROE: 601882's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Ningbo Haitian Precision Machinery's financial position?


Financial Position Analysis

Short Term Liabilities: 601882's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 601882's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥105.6M).


Debt to Equity History and Analysis

Debt Level: 601882 is debt free.

Reducing Debt: 601882 has no debt compared to 5 years ago when its debt to equity ratio was 40.8%.

Debt Coverage: 601882 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 601882 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Ningbo Haitian Precision Machinery current dividend yield, its reliability and sustainability?

0.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 601882's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.36%).

High Dividend: 601882's dividend (0.34%) is low compared to the top 25% of dividend payers in the CN market (1.68%).


Stability and Growth of Payments

Stable Dividend: 601882 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 601882's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.2%), 601882's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

CN¥660k

CEO Compensation


CEO

Huan Wei Wang (57 yo)

no data

Tenure

CN¥660,000

Compensation

Mr. Huan Wei Wang serves as General Manager at Ningbo Haitian Precision Machinery Co., Ltd. Mr. Wang serves as General manager of Dalian Haitian Precision Machinery Co., Ltd. He serves as General manager o ...


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

Ningbo Haitian Precision Machinery Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ningbo Haitian Precision Machinery Co., Ltd.
  • Ticker: 601882
  • Exchange: SHSE
  • Founded:
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CN¥6.823b
  • Shares outstanding: 522.00m
  • Website: https://hision.com.cn

Number of Employees


Location

  • Ningbo Haitian Precision Machinery Co., Ltd.
  • No. 1688 Haitian Road
  • Xiaogang
  • Ningbo
  • Zhejiang Province
  • 315801
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
601882SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYNov 2016

Biography

Ningbo Haitian Precision Machinery Co., Ltd. provides various machine tools in China. It offers vertical machining centers, gantry machining centers, horizontal machining centers, CNC lathes, turning cente ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 14:31
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.