SHSE:603486

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Ecovacs Robotics Co., Ltd. engages in research, development, design, manufacture, and sale of robotic products. More Details


Snowflake Analysis

Exceptional growth potential with flawless balance sheet.


Similar Companies

Share Price & News

How has Ecovacs Robotics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 603486 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 603486's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

-0.03%

603486

2.2%

CN Consumer Durables

2.9%

CN Market


1 Year Return

433.9%

603486

46.5%

CN Consumer Durables

31.8%

CN Market

Return vs Industry: 603486 exceeded the CN Consumer Durables industry which returned 46.5% over the past year.

Return vs Market: 603486 exceeded the CN Market which returned 31.8% over the past year.


Shareholder returns

603486IndustryMarket
7 Day-0.03%2.2%2.9%
30 Day48.0%11.5%7.2%
90 Day135.5%23.5%11.5%
1 Year433.9%433.9%49.8%46.5%34.0%31.8%
3 Yearn/a39.3%31.3%23.1%17.0%
5 Yearn/a160.5%137.0%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Ecovacs Robotics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ecovacs Robotics undervalued compared to its fair value and its price relative to the market?

238.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 603486 (CN¥118) is trading above our estimate of fair value (CN¥20.11)

Significantly Below Fair Value: 603486 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 603486 is poor value based on its PE Ratio (238.1x) compared to the CN Consumer Durables industry average (31.3x).

PE vs Market: 603486 is poor value based on its PE Ratio (238.1x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 603486 is poor value based on its PEG Ratio (4.7x)


Price to Book Ratio

PB vs Industry: 603486 is overvalued based on its PB Ratio (24.5x) compared to the CN Consumer Durables industry average (3.1x).


Next Steps

Future Growth

How is Ecovacs Robotics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

50.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603486's forecast earnings growth (50.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 603486's earnings (50.6% per year) are forecast to grow faster than the CN market (24.4% per year).

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

Revenue vs Market: 603486's revenue (27.7% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 603486's revenue (27.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603486's Return on Equity is forecast to be high in 3 years time (27.1%)


Next Steps

Past Performance

How has Ecovacs Robotics performed over the past 5 years?

0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603486 has a large one-off gain of CN¥54.8M impacting its September 30 2020 financial results.

Growing Profit Margin: 603486's current net profit margins (4.5%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: 603486's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: 603486's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603486 had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (6.7%).


Return on Equity

High ROE: 603486's Return on Equity (10%) is considered low.


Next Steps

Financial Health

How is Ecovacs Robotics's financial position?


Financial Position Analysis

Short Term Liabilities: 603486's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.4B).

Long Term Liabilities: 603486's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥9.2M).


Debt to Equity History and Analysis

Debt Level: 603486's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: 603486's debt to equity ratio has reduced from 5.6% to 3.3% over the past 5 years.

Debt Coverage: 603486's debt is well covered by operating cash flow (632%).

Interest Coverage: 603486 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Ecovacs Robotics's current dividend yield, its reliability and sustainability?

0.59%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 603486's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 603486's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 603486's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 603486's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 603486 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 603486's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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

CN¥2m

CEO Compensation


CEO

Jianhua Zhuang (48 yo)

no data

Tenure

CN¥1,663,800

Compensation

Ms. Jianhua Zhuang serves as General Manager and Director at Ecovacs Robotics Co., Ltd.


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

Ecovacs Robotics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ecovacs Robotics Co., Ltd.
  • Ticker: 603486
  • Exchange: SHSE
  • Founded: 2006
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: CN¥66.619b
  • Shares outstanding: 564.57m
  • Website: https://www.ecovacs.com/global

Number of Employees


Location

  • Ecovacs Robotics Co., Ltd.
  • Wuzhong District
  • Suzhou
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603486SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYMay 2018
603486XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYMay 2018

Biography

Ecovacs Robotics Co., Ltd. engages in research, development, design, manufacture, and sale of robotic products. Its products include DEEBOT, a floor-cleaning robot; WINBOT, a window-cleaning robot; ATMOBOT...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:30
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.