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6883

Jiangsu Goodwe Power Supply Technology SHSE:688390 Stock Report

Last Price

CN¥378.00

Market Cap

CN¥46.6b

7D

-3.1%

1Y

6.3%

Updated

08 Aug, 2022

Data

Company Financials +
688390 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance1/6
Financial Health6/6
Dividends0/6

688390 Stock Overview

Jiangsu Goodwe Power Supply Technology Co., Ltd.

Jiangsu Goodwe Power Supply Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jiangsu Goodwe Power Supply Technology
Historical stock prices
Current Share PriceCN¥378.00
52 Week HighCN¥405.84
52 Week LowCN¥113.07
Beta0
1 Month Change8.62%
3 Month Change137.31%
1 Year Change6.27%
3 Year Changen/a
5 Year Changen/a
Change since IPO292.00%

Recent News & Updates

Shareholder Returns

688390CN ElectricalCN Market
7D-3.1%-2.3%-0.5%
1Y6.3%-2.6%-10.4%

Return vs Industry: 688390 exceeded the CN Electrical industry which returned -2.6% over the past year.

Return vs Market: 688390 exceeded the CN Market which returned -10.4% over the past year.

Price Volatility

Is 688390's price volatile compared to industry and market?
688390 volatility
688390 Average Weekly Movement10.5%
Electrical Industry Average Movement7.5%
Market Average Movement6.1%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 688390 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 688390's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
20102,223n/ahttps://cn.goodwe.com

Jiangsu Goodwe Power Supply Technology Co., Ltd. focuses on the research, manufacture, and sale of PV inverters and energy storage solutions. It offers residential, commercial rooftop, ground utility, and energy storage inverters, as well as monitoring systems.

Jiangsu Goodwe Power Supply Technology Fundamentals Summary

How do Jiangsu Goodwe Power Supply Technology's earnings and revenue compare to its market cap?
688390 fundamental statistics
Market CapCN¥46.57b
Earnings (TTM)CN¥219.02m
Revenue (TTM)CN¥2.88b

212.6x

P/E Ratio

16.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688390 income statement (TTM)
RevenueCN¥2.88b
Cost of RevenueCN¥2.03b
Gross ProfitCN¥857.05m
Other ExpensesCN¥638.03m
EarningsCN¥219.02m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.78
Gross Margin29.72%
Net Profit Margin7.60%
Debt/Equity Ratio0%

How did 688390 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

48%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 688390 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688390?

Other financial metrics that can be useful for relative valuation.

688390 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/Revenue15.8x
Enterprise Value/EBITDA158.5x
PEG Ratio8.1x

Price to Sales Ratio vs Peers

How does 688390's PS Ratio compare to its peers?

688390 PS Ratio vs Peers
The above table shows the PS ratio for 688390 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.3x
002176 Jiangxi Special Electric MotorLtd
11.5xn/aCN¥43.9b
600885 Hongfa Technology
3.9x18.5%CN¥40.7b
300073 Beijing Easpring Material TechnologyLTD
4.5x30.7%CN¥48.4b
300207 Sunwoda ElectronicLtd
1.2x25.9%CN¥49.3b
688390 Jiangsu Goodwe Power Supply Technology
16.2x31.2%CN¥46.6b

Price-To-Sales vs Peers: 688390 is expensive based on its Price-To-Sales Ratio (16.2x) compared to the peer average (5.3x).


Price to Earnings Ratio vs Industry

How does 688390's PE Ratio compare vs other companies in the CN Electrical Industry?

Price-To-Sales vs Industry: 688390 is expensive based on its Price-To-Sales Ratio (16.2x) compared to the CN Electrical industry average (3.3x)


Price to Sales Ratio vs Fair Ratio

What is 688390'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.

688390 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio16.2x
Fair PS Ratio6.3x

Price-To-Sales vs Fair Ratio: 688390 is expensive based on its Price-To-Sales Ratio (16.2x) compared to the estimated Fair Price-To-Sales Ratio (6.3x).


Share Price vs Fair Value

What is the Fair Price of 688390 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688390 (CN¥378) is trading above our estimate of fair value (CN¥28.05)

Significantly Below Fair Value: 688390 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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Future Growth

How is Jiangsu Goodwe Power Supply Technology forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688390's forecast earnings growth (26.2% per year) is above the savings rate (3.2%).

Earnings vs Market: 688390's earnings (26.2% per year) are forecast to grow faster than the CN market (24.5% per year).

High Growth Earnings: 688390's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 688390's revenue (31.2% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 688390's revenue (31.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688390's Return on Equity is forecast to be high in 3 years time (26.6%)


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Past Performance

How has Jiangsu Goodwe Power Supply Technology performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 688390 has a high level of non-cash earnings.

Growing Profit Margin: 688390's current net profit margins (7.6%) are lower than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: 688390's earnings have grown significantly by 26% per year over the past 5 years.

Accelerating Growth: 688390's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 688390 had negative earnings growth (-25.2%) over the past year, making it difficult to compare to the Electrical industry average (-1.2%).


Return on Equity

High ROE: 688390's Return on Equity (12.7%) is considered low.


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Financial Health

How is Jiangsu Goodwe Power Supply Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 688390's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.1B).

Long Term Liabilities: 688390's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥58.8M).


Debt to Equity History and Analysis

Debt Level: 688390 is debt free.

Reducing Debt: 688390 had no debt 5 years ago.

Debt Coverage: 688390 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 688390 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Jiangsu Goodwe Power Supply Technology current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.23%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 688390's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 688390'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: 688390 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 688390 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: 688390 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: 688390 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?


CEO

Jiangsu Goodwe Power Supply Technology has no CEO, or we have no data on them.


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

Jiangsu Goodwe Power Supply Technology Co., Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Jiangsu Goodwe Power Supply Technology Co., Ltd
  • Ticker: 688390
  • Exchange: SHSE
  • Founded: 2010
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: CN¥46.570b
  • Shares outstanding: 123.20m
  • Website: https://cn.goodwe.com

Number of Employees


Location

  • Jiangsu Goodwe Power Supply Technology Co., Ltd
  • No. 90 Zijin Road
  • New District
  • Suzhou
  • Jiangsu Province
  • 215011
  • China

Listings


Company Analysis and Financial Data Status

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