SZSE:002005

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Elec-Tech International

Executive Summary

Elec-Tech International Co., Ltd., together with its subsidiaries, manufactures and sells small appliances and LED products in China and internationally. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Elec-Tech International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002005 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 002005's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

7.0%

2005

2.2%

CN Consumer Durables

2.9%

CN Market


1 Year Return

-42.2%

2005

46.5%

CN Consumer Durables

31.8%

CN Market

Return vs Industry: 002005 underperformed the CN Consumer Durables industry which returned 46.5% over the past year.

Return vs Market: 002005 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

2005IndustryMarket
7 Day7.0%2.2%2.9%
30 Day-13.7%11.5%7.2%
90 Day-17.7%23.5%11.5%
1 Year-42.2%-42.2%49.8%46.5%34.0%31.8%
3 Year-75.5%-75.5%39.3%31.3%23.1%17.0%
5 Year-80.7%-80.7%160.5%137.0%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Elec-Tech International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Elec-Tech International undervalued compared to its fair value and its price relative to the market?

6.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 002005's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 002005's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 002005 is good value based on its PE Ratio (6.8x) compared to the CN Consumer Durables industry average (31.3x).

PE vs Market: 002005 is good value based on its PE Ratio (6.8x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 002005's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 002005 is good value based on its PB Ratio (0.8x) compared to the CN Consumer Durables industry average (3.1x).


Next Steps

Future Growth

How is Elec-Tech International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Elec-Tech International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Elec-Tech International performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002005 has a large one-off loss of CN¥352.9M impacting its September 30 2020 financial results.

Growing Profit Margin: 002005 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 002005 has become profitable over the past 5 years, growing earnings by -34.9% per year.

Accelerating Growth: 002005 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 002005 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (6.7%).


Return on Equity

High ROE: 002005's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Elec-Tech International's financial position?


Financial Position Analysis

Short Term Liabilities: 002005's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.9B).

Long Term Liabilities: 002005's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥686.4M).


Debt to Equity History and Analysis

Debt Level: 002005's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: 002005's debt to equity ratio has reduced from 75% to 0.4% over the past 5 years.

Debt Coverage: 002005's debt is well covered by operating cash flow (961.1%).

Interest Coverage: Insufficient data to determine if 002005's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Elec-Tech International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 002005's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 002005'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 002005's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002005's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 002005 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 002005'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?

1.4yrs

Average board tenure


CEO

Huating Li (58 yo)

no data

Tenure

CN¥216,500

Compensation

Mr. Hua Ting Li serves as Vice Chairman and Acting General Manager of Elec-Tech International Co., Ltd. Previously, Mr. Li served as the President of Elec-Tech International Co., Ltd. He served as director...


Board Members

NamePositionTenureCompensationOwnership
Huating Li
Vice Chairman and Acting General Managerno dataCN¥216.50kno data
Yan Yang
Deputy General Manager and Directorno dataCN¥410.20kno data
Donglei Wang
Chairmanno datano datano data
Qing Su
Independent Director4.75yrsno datano data
Sheng Wang
Vice Chairmanno dataCN¥243.80k1.95%
CN¥ 36.8m
Jian Guo Wang
Independent Directorno dataCN¥75.00kno data
Cuihua Guo
Non-Independent Directorno datano datano data
Yuexing Shen
Non-Independent Directorno datano datano data
Yachao Hao
Independent Directorno datano datano data
Qinggui Tang
Independent Director1.42yrsno datano data
Namei Zhang
Non-Independent Director1.42yrsno datano data
Shiqing Li
Non-Independent Director1.42yrsno datano data

1.4yrs

Average Tenure

56yo

Average Age

Experienced Board: 002005's board of directors are not considered experienced ( 1.4 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

Elec-Tech International Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elec-Tech International Co., Ltd.
  • Ticker: 2005
  • Exchange: SZSE
  • Founded: 1996
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: CN¥1.888b
  • Shares outstanding: 1.76b
  • Website: https://www.electech.com.cn

Number of Employees


Location

  • Elec-Tech International Co., Ltd.
  • No. 1 Jinfeng Road
  • Tangjiawan Town
  • Zhuhai
  • Guangdong Province
  • 519085
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2005SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJun 2004
2005XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJun 2004

Biography

Elec-Tech International Co., Ltd., together with its subsidiaries, manufactures and sells small appliances and LED products in China and internationally. Its products include light source appliances, such ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:23
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.