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6034

Ecovacs Robotics SHSE:603486 Stock Report

Last Price

CN¥121.89

Market Cap

CN¥65.9b

7D

10.9%

1Y

-47.7%

Updated

30 Jun, 2022

Data

Company Financials +
603486 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health5/6
Dividends3/6

603486 Stock Overview

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

Ecovacs Robotics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ecovacs Robotics
Historical stock prices
Current Share PriceCN¥121.89
52 Week HighCN¥252.71
52 Week LowCN¥87.03
Beta0.79
1 Month Change4.05%
3 Month Change11.77%
1 Year Change-47.74%
3 Year Change289.55%
5 Year Changen/a
Change since IPO491.90%

Recent News & Updates

Shareholder Returns

603486CN Consumer DurablesCN Market
7D10.9%4.3%3.2%
1Y-47.7%-22.1%-10.1%

Return vs Industry: 603486 underperformed the CN Consumer Durables industry which returned -22.1% over the past year.

Return vs Market: 603486 underperformed the CN Market which returned -10.1% over the past year.

Price Volatility

Is 603486's price volatile compared to industry and market?
603486 volatility
603486 Average Weekly Movement8.0%
Consumer Durables Industry Average Movement6.8%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 603486 is not significantly more volatile than the rest 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.

About the Company

FoundedEmployeesCEOWebsite
19987,854Jianhua Zhuanghttps://www.ecovacs.com/global

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, a mobile air-purifier robot; and BENEBOT, a business service assistance robot. The company also offers robot products for home floor cleaning and environmental health; and accessories, such as auto-empty stations, charging docks, cleaning pads, and mopping pads.

Ecovacs Robotics Fundamentals Summary

How do Ecovacs Robotics's earnings and revenue compare to its market cap?
603486 fundamental statistics
Market CapCN¥65.94b
Earnings (TTM)CN¥2.10b
Revenue (TTM)CN¥14.06b

33.3x

P/E Ratio

5.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603486 income statement (TTM)
RevenueCN¥14.06b
Cost of RevenueCN¥7.08b
Gross ProfitCN¥6.98b
Other ExpensesCN¥4.88b
EarningsCN¥2.10b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.66
Gross Margin49.63%
Net Profit Margin14.94%
Debt/Equity Ratio17.2%

How did 603486 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 603486 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 603486?

Other financial metrics that can be useful for relative valuation.

603486 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/Revenue4.4x
Enterprise Value/EBITDA25.8x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does 603486's PE Ratio compare to its peers?

603486 PE Ratio vs Peers
The above table shows the PE ratio for 603486 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.7x
002032 Zhejiang Supor
23x12.8%CN¥45.5b
688169 Beijing Roborock Technology
28.8x23.5%CN¥40.6b
002508 Hangzhou Robam Appliances
25.4x16.2%CN¥34.0b
002444 Hangzhou Greatstar Industrial
17.9x21.4%CN¥21.4b
603486 Ecovacs Robotics
33.3x26.8%CN¥70.0b

Price-To-Earnings vs Peers: 603486 is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the peer average (23.8x).


Price to Earnings Ratio vs Industry

How does 603486's PE Ratio compare vs other companies in the CN Consumer Durables Industry?

Price-To-Earnings vs Industry: 603486 is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the CN Consumer Durables industry average (28.5x)


Price to Earnings Ratio vs Fair Ratio

What is 603486'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.

603486 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.3x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: 603486 is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the estimated Fair Price-To-Earnings Ratio (31.1x).


Share Price vs Fair Value

What is the Fair Price of 603486 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603486 (CN¥121.89) is trading below our estimate of fair value (CN¥170.76)

Significantly Below Fair Value: 603486 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 603486 is poor value based on its PEG Ratio (1.2x)


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Future Growth

How is Ecovacs Robotics forecast to perform in the next 1 to 3 years based on estimates from 13 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


26.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603486's forecast earnings growth (26.8% per year) is above the savings rate (3.2%).

Earnings vs Market: 603486's earnings (26.8% per year) are forecast to grow faster than the CN market (23.9% per year).

High Growth Earnings: 603486's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 603486's revenue (25.8% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 603486's revenue (25.8% 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 very high in 3 years time (40.4%).


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Past Performance

How has Ecovacs Robotics performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


48.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603486 has a high level of non-cash earnings.

Growing Profit Margin: 603486's current net profit margins (14.9%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: 603486's earnings have grown significantly by 48.6% per year over the past 5 years.

Accelerating Growth: 603486's earnings growth over the past year (124.9%) exceeds its 5-year average (48.6% per year).

Earnings vs Industry: 603486 earnings growth over the past year (124.9%) exceeded the Consumer Durables industry -2.1%.


Return on Equity

High ROE: 603486's Return on Equity (37.5%) is considered high.


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Financial Health

How is Ecovacs Robotics'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: 603486's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥4.0B).

Long Term Liabilities: 603486's short term assets (CN¥8.9B) exceed its long term liabilities (CN¥1.0B).


Debt to Equity History and Analysis

Debt Level: 603486 has more cash than its total debt.

Reducing Debt: 603486's debt to equity ratio has increased from 0.4% to 17.2% over the past 5 years.

Debt Coverage: 603486's debt is well covered by operating cash flow (188.8%).

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


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603486's dividend (0.9%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 603486's dividend (0.9%) is low compared to the top 25% of dividend payers in the CN market (1.94%).


Stability and Growth of Payments

Stable Dividend: 603486 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603486's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.3%), 603486's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (44%), 603486's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.8yrs

Average board tenure


CEO

Jianhua Zhuang (49 yo)

no data

Tenure

CN¥2,279,800

Compensation

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


Board Members

Experienced Board: 603486's board of directors are considered experienced (5.8 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: Ecovacs Robotics Co., Ltd.
  • Ticker: 603486
  • Exchange: SHSE
  • Founded: 1998
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Implied Market Cap: CN¥65.944b
  • Shares outstanding: 573.92m
  • Website: https://www.ecovacs.com/global

Number of Employees


Location

  • Ecovacs Robotics Co., Ltd.
  • No. 518, Songwei Road
  • Wusongjiang Industrial Park
  • Suzhou
  • Jiangsu Province
  • 215124
  • 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.