688032 Stock Overview
Hoymiles Power Electronics Inc., a microinverter company, offers MLPE (module level power electronics) solutions for global solar investors and end users.
Hoymiles Power Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥949.90|
|52 Week High||CN¥1,065.00|
|52 Week Low||CN¥363.54|
|1 Month Change||1.48%|
|3 Month Change||78.37%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||83.43%|
Recent News & Updates
|688032||CN Electrical||CN Market|
Return vs Industry: Insufficient data to determine how 688032 performed against the CN Electrical industry.
Return vs Market: Insufficient data to determine how 688032 performed against the CN Market.
|688032 Average Weekly Movement||8.8%|
|Electrical Industry Average Movement||7.5%|
|Market Average Movement||6.1%|
|10% most volatile stocks in CN Market||9.2%|
|10% least volatile stocks in CN Market||3.9%|
Stable Share Price: 688032 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 688032's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.
About the Company
Hoymiles Power Electronics Inc., a microinverter company, offers MLPE (module level power electronics) solutions for global solar investors and end users. The company offers microinverter, AC module, DTU, storage, and MLPE PV kit products. It offers service network, warranty, training, and system design services.
Hoymiles Power Electronics Fundamentals Summary
|688032 fundamental statistics|
Is 688032 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|688032 income statement (TTM)|
|Cost of Revenue||CN¥512.68m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||4.59|
|Net Profit Margin||28.37%|
How did 688032 perform over the long term?See historical performance and comparison
0.2%Current Dividend Yield
Is 688032 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 688032?
Other financial metrics that can be useful for relative valuation.
|What is 688032's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 688032's PS Ratio compare to its peers?
|688032 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
603606 Ningbo Orient Wires & CablesLtd
300207 Sunwoda ElectronicLtd
688005 Ningbo Ronbay New Energy Technology
300073 Beijing Easpring Material TechnologyLTD
688032 Hoymiles Power Electronics
Price-To-Sales vs Peers: 688032 is expensive based on its Price-To-Sales Ratio (58.6x) compared to the peer average (4x).
Price to Earnings Ratio vs Industry
How does 688032's PE Ratio compare vs other companies in the CN Electrical Industry?
Price-To-Sales vs Industry: 688032 is expensive based on its Price-To-Sales Ratio (58.6x) compared to the CN Electrical industry average (3.3x)
Price to Sales Ratio vs Fair Ratio
What is 688032'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.
|Current PS Ratio||58.6x|
|Fair PS Ratio||21.5x|
Price-To-Sales vs Fair Ratio: 688032 is expensive based on its Price-To-Sales Ratio (58.6x) compared to the estimated Fair Price-To-Sales Ratio (21.5x).
Share Price vs Fair Value
What is the Fair Price of 688032 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 688032 (CN¥949.9) is trading above our estimate of fair value (CN¥485.34)
Significantly Below Fair Value: 688032 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 lower than the current share price.
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How is Hoymiles Power Electronics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 688032's forecast earnings growth (48.1% per year) is above the savings rate (3.2%).
Earnings vs Market: 688032's earnings (48.1% per year) are forecast to grow faster than the CN market (24.5% per year).
High Growth Earnings: 688032's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 688032's revenue (47.9% per year) is forecast to grow faster than the CN market (17.8% per year).
High Growth Revenue: 688032's revenue (47.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 688032's Return on Equity is forecast to be low in 3 years time (13.2%).
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How has Hoymiles Power Electronics performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 688032 has a high level of non-cash earnings.
Growing Profit Margin: 688032's current net profit margins (28.4%) are higher than last year (22.7%).
Past Earnings Growth Analysis
Earnings Trend: 688032's earnings have grown significantly by 46.4% per year over the past 5 years.
Accelerating Growth: 688032's earnings growth over the past year (111.5%) exceeds its 5-year average (46.4% per year).
Earnings vs Industry: 688032 earnings growth over the past year (111.5%) exceeded the Electrical industry -1.2%.
Return on Equity
High ROE: 688032's Return on Equity (4.2%) is considered low.
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How is Hoymiles Power Electronics's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 688032's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥355.6M).
Long Term Liabilities: 688032's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥45.3M).
Debt to Equity History and Analysis
Debt Level: 688032 is debt free.
Reducing Debt: 688032 had no debt 5 years ago.
Debt Coverage: 688032 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688032 has no debt, therefore coverage of interest payments is not a concern.
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What is Hoymiles Power Electronics's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 688032's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.47%).
High Dividend: 688032's dividend (0.23%) is low compared to the top 25% of dividend payers in the CN market (1.93%).
Stability and Growth of Payments
Stable Dividend: 688032 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.
Growing Dividend: 688032 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: 688032 is not paying a notable dividend for the CN market.
Cash Payout to Shareholders
Cash Flow Coverage: 688032 is not paying a notable dividend for the CN market.
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How experienced are the management team and are they aligned to shareholders interests?
Hoymiles Power Electronics has no CEO, or we have no data on them.
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.
Dilution of Shares: 688032 only recently listed within the past 12 months.
Hoymiles Power Electronics Inc.'s employee growth, exchange listings and data sources
- Name: Hoymiles Power Electronics Inc.
- Ticker: 688032
- Exchange: SHSE
- Founded: 2008
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Implied Market Cap: CN¥53.194b
- Shares outstanding: 56.00m
- Website: https://www.hoymiles.com
Number of Employees
- Hoymiles Power Electronics Inc.
- No.18, Kangjing Road
- Gongshu District
- Zhejiang Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/08 00:00|
|End of Day Share Price||2022/08/08 00:00|
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.