How does 688698's PE Ratio compare to its peers?

688698 is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the peer average (37x).

How does 688698's PE Ratio compare vs other companies in the CN Electrical Industry?

688698 is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the CN Electrical industry average (36.9x).

What is 688698'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.

688698 is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the estimated Fair Price-To-Earnings Ratio (27.2x).

What is the Fair Price of 688698 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688698 (CN¥46.3) is trading above our estimate of [[fair value]] (CN¥5.44)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

688698 Stock Overview

Engages in the development, manufacture, and marketing of industrial automation control products and system solutions in China and internationally. More details

688698 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	4/6
Financial Health	6/6
Dividends	2/6

Rewards

Earnings are forecast to grow 26.14% per year

Earnings grew by 34.1% over the past year

Risk Analysis

High level of non-cash earnings

Highly volatile share price over the past 3 months compared to the CN market

Dividend of 0.61% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Suzhou Veichi Electric Co., Ltd. Competitors

Suzhou Recodeal Interconnect SystemLtd

SHSE:688800

CN¥8.3b

Shenzhen Hopewind Electric

SHSE:603063

CN¥8.9b

Shenzhen KSTAR Science and Technology

SZSE:002518

CN¥12.1b

Kehua Data

SZSE:002335

CN¥12.8b

Price History & Performance

Summary of share price highs, lows and changes for Suzhou Veichi Electric
Historical stock prices
Current Share Price	CN¥46.30
52 Week High	CN¥58.99
52 Week Low	CN¥19.74
Beta	0.48
1 Month Change	40.60%
3 Month Change	93.08%
1 Year Change	29.47%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	25.99%

Recent updates

Shareholder Returns

	688698	CN Electrical	CN Market
7D	4.9%	-0.4%	-1.0%
1Y	29.5%	23.0%	10.8%

Return vs Industry: 688698 exceeded the CN Electrical industry which returned 24.1% over the past year.

Return vs Market: 688698 exceeded the CN Market which returned 12.3% over the past year.

Price Volatility

Is 688698's price volatile compared to industry and market?
688698 volatility
688698 Average Weekly Movement	13.4%
Electrical Industry Average Movement	9.1%
Market Average Movement	8.8%
10% most volatile stocks in CN Market	13.0%
10% least volatile stocks in CN Market	5.8%

Stable Share Price: 688698's share price has been volatile over the past 3 months compared to the CN market.

Volatility Over Time: 688698's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

Founded	Employees	CEO	Website
2005	1,738	Zhiyong Hu	www.veichi.com

Suzhou Veichi Electric Co., Ltd. engages in the development, manufacture, and marketing of industrial automation control products and system solutions in China and internationally. The company provides a range of electrical products, such as low voltage drives, medium voltage drives, multi-motor drives, four-quadrant inverters, and VFD accessories; servo systems, motion controllers, PLC, and HMI; and solar water pump inverters, solar water pumps, off grid solar inverters, battery test systems, and EV controllers. It also offers industry-specific drives, including construction lifting integrated machines, compressors, hydraulic servo, machine tool, water jet weaving electrical control systems, HVLS fan drives, tension control inverters, drawing machines, and pump drive and motors.

Suzhou Veichi Electric Co., Ltd. Fundamentals Summary

How do Suzhou Veichi Electric's earnings and revenue compare to its market cap?
688698 fundamental statistics
Market cap	CN¥9.75b
Earnings (TTM)	CN¥244.30m
Revenue (TTM)	CN¥1.52b

39.9x

P/E Ratio

6.4x

P/S Ratio

Is 688698 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
688698 income statement (TTM)
Revenue	CN¥1.52b
Cost of Revenue	CN¥915.00m
Gross Profit	CN¥601.38m
Other Expenses	CN¥357.07m
Earnings	CN¥244.30m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.16
Gross Margin	39.66%
Net Profit Margin	16.11%
Debt/Equity Ratio	0.2%

How did 688698 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

36%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 07:01
End of Day Share Price	2024/12/25 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Suzhou Veichi Electric Co., Ltd. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peng Jiang	China International Capital Corporation Limited
Jia Xun You	China Merchants Securities Co. Ltd.
Pengwei Hua	Citic Securities Co., Ltd.