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6883

Damon Technology GroupLtd SHSE:688360 Stock Report

Last Price

CN¥30.05

Market Cap

CN¥2.6b

7D

1.6%

1Y

14.0%

Updated

15 Aug, 2022

Data

Company Financials +
688360 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance3/6
Financial Health5/6
Dividends2/6

688360 Stock Overview

Zhejiang Damon Technology Co.,Ltd manufactures and sells logistics sorting equipment.

Damon Technology GroupLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Damon Technology GroupLtd
Historical stock prices
Current Share PriceCN¥30.05
52 Week HighCN¥37.99
52 Week LowCN¥21.51
Beta-0.75
1 Month Change9.35%
3 Month Change20.44%
1 Year Change14.04%
3 Year Changen/a
5 Year Changen/a
Change since IPO-59.28%

Recent News & Updates

Shareholder Returns

688360CN MachineryCN Market
7D1.6%3.4%1.6%
1Y14.0%-6.3%-10.1%

Return vs Industry: 688360 exceeded the CN Machinery industry which returned -6.3% over the past year.

Return vs Market: 688360 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 688360's price volatile compared to industry and market?
688360 volatility
688360 Average Weekly Movement4.8%
Machinery Industry Average Movement6.3%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 688360 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 688360's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19971,062Xu Zhuohttps://www.damonconveyor.com

Zhejiang Damon Technology Co.,Ltd manufactures and sells logistics sorting equipment. The company offers box, pallet, sorting, and vertical conveyors; high speed palletizing systems; and intelligent storage picking systems. Its products are used in smart manufacturing, e-commerce, logistics, clothing, medicine, tobacco, retail, and other fields.

Damon Technology GroupLtd Fundamentals Summary

How do Damon Technology GroupLtd's earnings and revenue compare to its market cap?
688360 fundamental statistics
Market CapCN¥2.56b
Earnings (TTM)CN¥93.32m
Revenue (TTM)CN¥1.60b

27.6x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688360 income statement (TTM)
RevenueCN¥1.60b
Cost of RevenueCN¥1.28b
Gross ProfitCN¥320.22m
Other ExpensesCN¥226.90m
EarningsCN¥93.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.09
Gross Margin20.06%
Net Profit Margin5.85%
Debt/Equity Ratio12.7%

How did 688360 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

25%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 688360 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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688360?

Other financial metrics that can be useful for relative valuation.

688360 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/Revenue1.5x
Enterprise Value/EBITDA26.4x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 688360's PE Ratio compare to its peers?

688360 PE Ratio vs Peers
The above table shows the PE ratio for 688360 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average51.1x
300780 Sichuan Dawn Precision TechnologyLtd
30.2xn/aCN¥2.6b
688557 BlueSword Intelligent TechnologyLtd
36.6x40.9%CN¥2.5b
300817 Zhejiang Sf Oilless BearingLtd
28.1xn/aCN¥2.5b
002795 Yorhe Fluid Intelligent Control
109.4xn/aCN¥2.6b
688360 Damon Technology GroupLtd
27.6x51.1%CN¥2.6b

Price-To-Earnings vs Peers: 688360 is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (51.1x).


Price to Earnings Ratio vs Industry

How does 688360's PE Ratio compare vs other companies in the CN Machinery Industry?

Price-To-Earnings vs Industry: 688360 is good value based on its Price-To-Earnings Ratio (27.6x) compared to the CN Machinery industry average (37.9x)


Price to Earnings Ratio vs Fair Ratio

What is 688360'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.

688360 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio37.6x

Price-To-Earnings vs Fair Ratio: 688360 is good value based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (37.6x).


Share Price vs Fair Value

What is the Fair Price of 688360 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688360 (CN¥30.05) is trading above our estimate of fair value (CN¥4.54)

Significantly Below Fair Value: 688360 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 Damon Technology GroupLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


51.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688360's forecast earnings growth (51.1% per year) is above the savings rate (3.2%).

Earnings vs Market: 688360's earnings (51.1% per year) are forecast to grow faster than the CN market (24.5% per year).

High Growth Earnings: 688360's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 688360's revenue (22.2% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 688360's revenue (22.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 688360's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Damon Technology GroupLtd 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


15.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 688360 has a high level of non-cash earnings.

Growing Profit Margin: 688360's current net profit margins (5.8%) are lower than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: 688360's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: 688360's earnings growth over the past year (36.2%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: 688360 earnings growth over the past year (36.2%) exceeded the Machinery industry 2.8%.


Return on Equity

High ROE: 688360's Return on Equity (9.8%) is considered low.


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Financial Health

How is Damon Technology GroupLtd'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: 688360's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥882.2M).

Long Term Liabilities: 688360's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥41.2M).


Debt to Equity History and Analysis

Debt Level: 688360 has more cash than its total debt.

Reducing Debt: 688360's debt to equity ratio has reduced from 47.9% to 12.7% over the past 5 years.

Debt Coverage: 688360's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 688360 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Damon Technology GroupLtd current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 688360's dividend (0.9%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 688360's dividend (0.9%) is low compared to the top 25% of dividend payers in the CN market (1.88%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 688360's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 688360's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.8%), 688360's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 688360 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.6yrs

Average board tenure


CEO

Xu Zhuo (62 yo)

8.58yrs

Tenure

CN¥960,000

Compensation

Mr. Xu Zhuo is Chairman & GM of Damon Technology Group Co.,Ltd. from January 10, 2014.


Board Members

Experienced Board: 688360's board of directors are considered experienced (5.6 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Damon Technology Group Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Damon Technology Group Co.,Ltd.
  • Ticker: 688360
  • Exchange: SHSE
  • Founded: 1997
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: CN¥2.557b
  • Shares outstanding: 85.68m
  • Website: https://www.damonconveyor.com

Number of Employees


Location

  • Damon Technology Group Co.,Ltd.
  • Software Building, No. 461
  • 7th Floor
  • Shanghai
  • 313023
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 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.