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6033

Zhejiang Dingli MachineryLtd SHSE:603338 Stock Report

Last Price

CN¥51.21

Market Cap

CN¥25.9b

7D

5.7%

1Y

-10.1%

Updated

03 Jul, 2022

Data

Company Financials +
603338 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends2/6

603338 Stock Overview

Zhejiang Dingli Machinery Co.,Ltd develops, manufactures, sells, and services various aerial working platforms in China, Europe, the United States, Asia, and Africa.

Zhejiang Dingli MachineryLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zhejiang Dingli MachineryLtd
Historical stock prices
Current Share PriceCN¥51.21
52 Week HighCN¥88.88
52 Week LowCN¥32.16
Beta1.15
1 Month Change8.08%
3 Month Change13.45%
1 Year Change-10.10%
3 Year Change23.93%
5 Year Change119.08%
Change since IPO725.23%

Recent News & Updates

Shareholder Returns

603338CN MachineryCN Market
7D5.7%1.4%1.3%
1Y-10.1%0.03%-6.8%

Return vs Industry: 603338 underperformed the CN Machinery industry which returned 0% over the past year.

Return vs Market: 603338 underperformed the CN Market which returned -6.8% over the past year.

Price Volatility

Is 603338's price volatile compared to industry and market?
603338 volatility
603338 Average Weekly Movement7.2%
Machinery Industry Average Movement7.2%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.0%

Stable Share Price: 603338 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 603338's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20051,766Shu Xuhttps://www.cndingli.com

Zhejiang Dingli Machinery Co.,Ltd develops, manufactures, sells, and services various aerial working platforms in China, Europe, the United States, Asia, and Africa. It offers electric and engine boom, engine and electric scissor, electric vertical, telescopic boom, and articulating boom lifts, as well as electric aerial stock pickers and mast-climbers. The company’s products are used in construction, commercial, and industrial applications.

Zhejiang Dingli MachineryLtd Fundamentals Summary

How do Zhejiang Dingli MachineryLtd's earnings and revenue compare to its market cap?
603338 fundamental statistics
Market CapCN¥25.93b
Earnings (TTM)CN¥910.09m
Revenue (TTM)CN¥5.35b

28.5x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603338 income statement (TTM)
RevenueCN¥5.35b
Cost of RevenueCN¥3.79b
Gross ProfitCN¥1.56b
Other ExpensesCN¥651.05m
EarningsCN¥910.09m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.80
Gross Margin29.17%
Net Profit Margin17.01%
Debt/Equity Ratio17.3%

How did 603338 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

18%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 603338 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603338?

Other financial metrics that can be useful for relative valuation.

603338 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/Revenue4.5x
Enterprise Value/EBITDA20.1x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does 603338's PE Ratio compare to its peers?

603338 PE Ratio vs Peers
The above table shows the PE ratio for 603338 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
601717 Zhengzhou Coal Mining Machinery Group
13x17.8%CN¥25.0b
000425 XCMG Construction Machinery
8.2x8.0%CN¥43.4b
000951 Sinotruk Jinan Truck
30x22.0%CN¥16.8b
000157 Zoomlion Heavy Industry Science and Technology
11.8x13.7%CN¥51.5b
603338 Zhejiang Dingli MachineryLtd
28.5x23.7%CN¥25.9b

Price-To-Earnings vs Peers: 603338 is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

How does 603338's PE Ratio compare vs other companies in the CN Machinery Industry?

Price-To-Earnings vs Industry: 603338 is good value based on its Price-To-Earnings Ratio (28.5x) compared to the CN Machinery industry average (33.7x)


Price to Earnings Ratio vs Fair Ratio

What is 603338'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.

603338 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: 603338 is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).


Share Price vs Fair Value

What is the Fair Price of 603338 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603338 (CN¥51.21) is trading below our estimate of fair value (CN¥144.52)

Significantly Below Fair Value: 603338 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 603338 is poor value based on its PEG Ratio (1.2x)


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Future Growth

How is Zhejiang Dingli MachineryLtd forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603338's forecast earnings growth (23.7% per year) is above the savings rate (3.2%).

Earnings vs Market: 603338's earnings (23.7% per year) are forecast to grow slower than the CN market (23.9% per year).

High Growth Earnings: 603338's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 603338's revenue (19.4% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 603338's revenue (19.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603338's Return on Equity is forecast to be low in 3 years time (18.4%).


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Past Performance

How has Zhejiang Dingli MachineryLtd 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


25.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603338 has a high level of non-cash earnings.

Growing Profit Margin: 603338's current net profit margins (17%) are lower than last year (21%).


Past Earnings Growth Analysis

Earnings Trend: 603338's earnings have grown significantly by 25.2% per year over the past 5 years.

Accelerating Growth: 603338's earnings growth over the past year (27.8%) exceeds its 5-year average (25.2% per year).

Earnings vs Industry: 603338 earnings growth over the past year (27.8%) exceeded the Machinery industry 2.5%.


Return on Equity

High ROE: 603338's Return on Equity (14.7%) is considered low.


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Financial Health

How is Zhejiang Dingli MachineryLtd'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: 603338's short term assets (CN¥7.3B) exceed its short term liabilities (CN¥3.0B).

Long Term Liabilities: 603338's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥439.0M).


Debt to Equity History and Analysis

Debt Level: 603338 has more cash than its total debt.

Reducing Debt: 603338's debt to equity ratio has increased from 5.4% to 17.3% over the past 5 years.

Debt Coverage: 603338's debt is well covered by operating cash flow (48.6%).

Interest Coverage: 603338 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Zhejiang Dingli MachineryLtd 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

  • Future Dividend Coverage


0.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603338's dividend (0.66%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 603338's dividend (0.66%) is low compared to the top 25% of dividend payers in the CN market (1.92%).


Stability and Growth of Payments

Stable Dividend: 603338 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603338's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.3%), 603338's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (316.3%), 603338's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

10.9yrs

Average board tenure


CEO

Shu Xu (55 yo)

no data

Tenure

CN¥920,000

Compensation

Mr. Shu Gen Xu serves as the Chairman and General Manager of Zhejiang Dingli Machinery Co., Ltd. and serves as its Director since August 20, 2011.


Board Members

Experienced Board: 603338's board of directors are seasoned and experienced ( 10.9 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.


Top Shareholders

Company Information

Zhejiang Dingli Machinery Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Dingli Machinery Co.,Ltd
  • Ticker: 603338
  • Exchange: SHSE
  • Founded: 2005
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: CN¥25.930b
  • Shares outstanding: 506.35m
  • Website: https://www.cndingli.com

Number of Employees


Location

  • Zhejiang Dingli Machinery Co.,Ltd
  • No.1255 Baiyun South Road
  • Leidian Town
  • Deqing
  • Zhejiang Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 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.