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EVE Energy SZSE:300014 Stock Report

Last Price

CN¥97.50

Market Cap

CN¥185.3b

7D

-8.9%

1Y

-5.3%

Updated

30 Jun, 2022

Data

Company Financials +
300014 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance2/6
Financial Health5/6
Dividends0/6

300014 Stock Overview

EVE Energy Co., Ltd. provides lithium batteries in China and internationally.

EVE Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EVE Energy
Historical stock prices
Current Share PriceCN¥97.50
52 Week HighCN¥152.90
52 Week LowCN¥52.45
Beta1.21
1 Month Change21.22%
3 Month Change19.66%
1 Year Change-5.34%
3 Year Change492.12%
5 Year Change752.90%
Change since IPO3,746.09%

Recent News & Updates

Shareholder Returns

300014CN ElectricalCN Market
7D-8.9%2.5%3.2%
1Y-5.3%8.5%-10.1%

Return vs Industry: 300014 underperformed the CN Electrical industry which returned 8.5% over the past year.

Return vs Market: 300014 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 300014's price volatile compared to industry and market?
300014 volatility
300014 Average Weekly Movement9.3%
Electrical Industry Average Movement7.8%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 300014 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 300014's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
200114,826Jin-Cheng Liuhttps://www.evebattery.com

EVE Energy Co., Ltd. provides lithium batteries in China and internationally. The company offers lithium primary batteries, including lithium thionyl chloride batteries, lithium-manganese dioxide batteries, lithium-ion battery capacitors, and micro lithium batteries. It also provides lithium-ion batteries, such as cylindrical, pouch, and prismatic cells, as well as aluminum shells; and prismatic polymer, cylindrical polymer, and bean cells.

EVE Energy Fundamentals Summary

How do EVE Energy's earnings and revenue compare to its market cap?
300014 fundamental statistics
Market CapCN¥185.28b
Earnings (TTM)CN¥2.78b
Revenue (TTM)CN¥20.68b

66.6x

P/E Ratio

9.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300014 income statement (TTM)
RevenueCN¥20.68b
Cost of RevenueCN¥17.02b
Gross ProfitCN¥3.66b
Other ExpensesCN¥876.85m
EarningsCN¥2.78b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.46
Gross Margin17.69%
Net Profit Margin13.45%
Debt/Equity Ratio57.7%

How did 300014 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 300014 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 300014?

Other financial metrics that can be useful for relative valuation.

300014 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/Revenue9.4x
Enterprise Value/EBITDA111.1x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does 300014's PE Ratio compare to its peers?

300014 PE Ratio vs Peers
The above table shows the PE ratio for 300014 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average92.8x
300274 Sungrow Power Supply
90.8x31.5%CN¥145.9b
300751 Suzhou Maxwell Technologies
120.9x34.2%CN¥84.9b
300763 Ginlong Technologies
120.3x28.9%CN¥64.0b
688005 Ningbo Ronbay New Energy Technology
53.5x39.2%CN¥58.0b
300014 EVE Energy
66.6x46.6%CN¥185.1b

Price-To-Earnings vs Peers: 300014 is good value based on its Price-To-Earnings Ratio (66.6x) compared to the peer average (96.4x).


Price to Earnings Ratio vs Industry

How does 300014's PE Ratio compare vs other companies in the CN Electrical Industry?

Price-To-Earnings vs Industry: 300014 is expensive based on its Price-To-Earnings Ratio (66.6x) compared to the CN Electrical industry average (38.3x)


Price to Earnings Ratio vs Fair Ratio

What is 300014'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.

300014 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.6x
Fair PE Ratio63.9x

Price-To-Earnings vs Fair Ratio: 300014 is expensive based on its Price-To-Earnings Ratio (66.6x) compared to the estimated Fair Price-To-Earnings Ratio (63.8x).


Share Price vs Fair Value

What is the Fair Price of 300014 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300014 (CN¥97.5) is trading above our estimate of fair value (CN¥3.77)

Significantly Below Fair Value: 300014 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: 300014 is poor value based on its PEG Ratio (1.4x)


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Future Growth

How is EVE Energy forecast to perform in the next 1 to 3 years based on estimates from 17 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


46.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300014's forecast earnings growth (46.6% per year) is above the savings rate (3.2%).

Earnings vs Market: 300014's earnings (46.6% per year) are forecast to grow faster than the CN market (23.9% per year).

High Growth Earnings: 300014's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300014's revenue (47.8% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 300014's revenue (47.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300014's Return on Equity is forecast to be high in 3 years time (23.1%)


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Past Performance

How has EVE Energy performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


45.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300014 has a high level of non-cash earnings.

Growing Profit Margin: 300014's current net profit margins (13.4%) are lower than last year (20.9%).


Past Earnings Growth Analysis

Earnings Trend: 300014's earnings have grown significantly by 45.8% per year over the past 5 years.

Accelerating Growth: 300014's earnings growth over the past year (35.9%) is below its 5-year average (45.8% per year).

Earnings vs Industry: 300014 earnings growth over the past year (35.9%) exceeded the Electrical industry -0.05%.


Return on Equity

High ROE: 300014's Return on Equity (14%) is considered low.


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Financial Health

How is EVE Energy'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: 300014's short term assets (CN¥20.2B) exceed its short term liabilities (CN¥17.9B).

Long Term Liabilities: 300014's short term assets (CN¥20.2B) exceed its long term liabilities (CN¥11.4B).


Debt to Equity History and Analysis

Debt Level: 300014's net debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: 300014's debt to equity ratio has increased from 33.7% to 57.7% over the past 5 years.

Debt Coverage: 300014's debt is well covered by operating cash flow (25.5%).

Interest Coverage: 300014 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is EVE Energy 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

  • Future Dividend Coverage


0.16%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300014's dividend (0.16%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 300014's dividend (0.16%) is low compared to the top 25% of dividend payers in the CN market (1.94%).


Stability and Growth of Payments

Stable Dividend: 300014 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 300014 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: 300014 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: 300014 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?

2.7yrs

Average board tenure


CEO

Jin-Cheng Liu (56 yo)

no data

Tenure

CN¥1,676,300

Compensation

Dr. Jin-Cheng Liu serves as Non-Executive Director of Smoore International Holdings Limited. He Founded of Eve Energy Co., Ltd and serves as its General Manager. Dr. Liu established Huizhou Zhitong Electro...


Board Members

Experienced Board: 300014's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

EVE Energy Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: EVE Energy Co., Ltd.
  • Ticker: 300014
  • Exchange: SZSE
  • Founded: 2001
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: CN¥185.280b
  • Shares outstanding: 1.90b
  • Website: https://www.evebattery.com

Number of Employees


Location

  • EVE Energy Co., Ltd.
  • 38th, Huifeng 7th Road
  • Zhongkai Hi-tech Zone
  • Huizhou
  • Guangdong Province
  • 516006
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 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.