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Sungrow Power Supply SZSE:300274 Stock Report

Last Price

CN¥128.15

Market Cap

CN¥176.1b

7D

-1.3%

1Y

-17.0%

Updated

09 Aug, 2022

Data

Company Financials +
300274 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance1/6
Financial Health4/6
Dividends0/6

300274 Stock Overview

Sungrow Power Supply Co., Ltd. researches, develops, produces, sells, and services solar, wind, and other energy storage equipment worldwide.

Sungrow Power Supply Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sungrow Power Supply
Historical stock prices
Current Share PriceCN¥128.15
52 Week HighCN¥178.98
52 Week LowCN¥56.01
Beta1.62
1 Month Change22.63%
3 Month Change78.23%
1 Year Change-17.03%
3 Year Change1,175.12%
5 Year Change938.49%
Change since IPO2,291.74%

Recent News & Updates

Shareholder Returns

300274CN ElectricalCN Market
7D-1.3%-1.7%1.2%
1Y-17.0%0.5%-11.1%

Return vs Industry: 300274 underperformed the CN Electrical industry which returned 0.5% over the past year.

Return vs Market: 300274 underperformed the CN Market which returned -11.1% over the past year.

Price Volatility

Is 300274's price volatile compared to industry and market?
300274 volatility
300274 Average Weekly Movement10.4%
Electrical Industry Average Movement7.4%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 300274 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 300274's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19976,726Ren Xian Caohttps://www.en.sungrowpower.com

Sungrow Power Supply Co., Ltd. researches, develops, produces, sells, and services solar, wind, and other energy storage equipment worldwide. The company offers photovoltaic inverters, wind power converters, energy storage systems, new energy vehicle drive systems, and water surface photovoltaic equipment; accessories and monitors; and maintenance services, as well as engages in smart energy operation business. Sungrow Power Supply Co., Ltd.

Sungrow Power Supply Fundamentals Summary

How do Sungrow Power Supply's earnings and revenue compare to its market cap?
300274 fundamental statistics
Market CapCN¥176.12b
Earnings (TTM)CN¥1.61b
Revenue (TTM)CN¥25.36b

118.4x

P/E Ratio

7.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300274 income statement (TTM)
RevenueCN¥25.36b
Cost of RevenueCN¥19.91b
Gross ProfitCN¥5.44b
Other ExpensesCN¥3.84b
EarningsCN¥1.61b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.08
Gross Margin21.47%
Net Profit Margin6.34%
Debt/Equity Ratio25.6%

How did 300274 perform over the long term?

See historical performance and comparison

Dividends

0.09%

Current Dividend Yield

10%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 300274 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-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 300274?

Other financial metrics that can be useful for relative valuation.

300274 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/Revenue6.8x
Enterprise Value/EBITDA84.7x
PEG Ratio3.5x

Price to Earnings Ratio vs Peers

How does 300274's PE Ratio compare to its peers?

300274 PE Ratio vs Peers
The above table shows the PE ratio for 300274 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average55.2x
300014 EVE Energy
67.2x46.3%CN¥182.6b
600089 TBEA
11.6x-2.1%CN¥90.9b
300751 Suzhou Maxwell Technologies
115.1x34.7%CN¥78.3b
603195 Gongniu Group
30.8x15.9%CN¥87.0b
300274 Sungrow Power Supply
118.4x34.2%CN¥176.1b

Price-To-Earnings vs Peers: 300274 is expensive based on its Price-To-Earnings Ratio (118.4x) compared to the peer average (55.2x).


Price to Earnings Ratio vs Industry

How does 300274's PE Ratio compare vs other companies in the CN Electrical Industry?

Price-To-Earnings vs Industry: 300274 is expensive based on its Price-To-Earnings Ratio (118.4x) compared to the CN Electrical industry average (40.6x)


Price to Earnings Ratio vs Fair Ratio

What is 300274'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.

300274 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio118.4x
Fair PE Ratio49.8x

Price-To-Earnings vs Fair Ratio: 300274 is expensive based on its Price-To-Earnings Ratio (118.4x) compared to the estimated Fair Price-To-Earnings Ratio (49.8x).


Share Price vs Fair Value

What is the Fair Price of 300274 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300274 (CN¥128.15) is trading above our estimate of fair value (CN¥43.69)

Significantly Below Fair Value: 300274 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 less than 20% higher than the current share price.


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Future Growth

How is Sungrow Power Supply forecast to perform in the next 1 to 3 years based on estimates from 8 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


34.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300274's forecast earnings growth (34.2% per year) is above the savings rate (3.2%).

Earnings vs Market: 300274's earnings (34.2% per year) are forecast to grow faster than the CN market (24.5% per year).

High Growth Earnings: 300274's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300274's revenue (27% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 300274's revenue (27% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300274's Return on Equity is forecast to be high in 3 years time (22.5%)


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Past Performance

How has Sungrow Power Supply 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


22.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300274 has a high level of non-cash earnings.

Growing Profit Margin: 300274's current net profit margins (6.3%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: 300274's earnings have grown significantly by 22.1% per year over the past 5 years.

Accelerating Growth: 300274's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 300274 had negative earnings growth (-26.3%) over the past year, making it difficult to compare to the Electrical industry average (-1.2%).


Return on Equity

High ROE: 300274's Return on Equity (10.1%) is considered low.


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Financial Health

How is Sungrow Power Supply's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 300274's short term assets (CN¥37.3B) exceed its short term liabilities (CN¥24.1B).

Long Term Liabilities: 300274's short term assets (CN¥37.3B) exceed its long term liabilities (CN¥2.8B).


Debt to Equity History and Analysis

Debt Level: 300274 has more cash than its total debt.

Reducing Debt: 300274's debt to equity ratio has increased from 7.1% to 25.6% over the past 5 years.

Debt Coverage: 300274's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 300274 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Sungrow Power Supply 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


0.086%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300274's dividend (0.086%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.46%).

High Dividend: 300274's dividend (0.086%) is low compared to the top 25% of dividend payers in the CN market (1.91%).


Stability and Growth of Payments

Stable Dividend: 300274 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 300274 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: 300274 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: 300274 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?

2.3yrs

Average board tenure


CEO

Ren Xian Cao (54 yo)

no data

Tenure

CN¥830,000

Compensation

Mr. Ren Xian Cao serves as the Chairman of Sungrow Power Supply Co., Ltd and served as its President. Mr. Cao serves as chairman of Hefei Source of Electric Information Technology Co., Ltd. Mr. Cao serves...


Board Members

Experienced Board: 300274's board of directors are not considered experienced ( 2.3 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

Sungrow Power Supply Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sungrow Power Supply Co., Ltd.
  • Ticker: 300274
  • Exchange: SZSE
  • Founded: 1997
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: CN¥176.117b
  • Shares outstanding: 1.49b
  • Website: https://www.en.sungrowpower.com

Number of Employees


Location

  • Sungrow Power Supply Co., Ltd.
  • No.1699, Xiyou Road
  • New & High Tech Ind. Development Zone
  • Hefei
  • Anhui Province
  • 230088
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 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.