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Bear Electric ApplianceLtd

Market Cap

CN¥12.7b

Last Updated

2021/04/10 09:20 UTC

Data Sources

Company Financials +

Executive Summary

Bear Electric Appliance Co.,Ltd. engages in the research and development, production, and sale of household appliances in China. More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet.

Share Price & News

How has Bear Electric ApplianceLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002959 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 002959'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

-3.5%

2959

-0.4%

CN Consumer Durables

0.7%

CN Market


1 Year Return

38.8%

2959

58.8%

CN Consumer Durables

27.4%

CN Market

Return vs Industry: 002959 underperformed the CN Consumer Durables industry which returned 58.8% over the past year.

Return vs Market: 002959 exceeded the CN Market which returned 27.4% over the past year.


Shareholder returns

2959IndustryMarket
7 Day-3.5%-0.4%0.7%
30 Day4.9%7.0%4.6%
90 Day-25.1%-2.9%-5.0%
1 Year39.9%38.8%62.2%58.8%29.4%27.4%
3 Yearn/a50.1%41.6%26.6%20.5%
5 Yearn/a126.5%106.7%24.9%16.7%

Long-Term Price Volatility Vs. Market

How volatile is Bear Electric ApplianceLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bear Electric ApplianceLtd undervalued compared to its fair value and its price relative to the market?

29.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002959 (CN¥81.2) is trading above our estimate of fair value (CN¥22.4)

Significantly Below Fair Value: 002959 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002959's PE Ratio (30x) is in line with the CN Consumer Durables industry average.

PE vs Market: 002959 is good value based on its PE Ratio (30x) compared to the CN market (34.5x).


Price to Earnings Growth Ratio

PEG Ratio: 002959 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 002959 is overvalued based on its PB Ratio (6.8x) compared to the CN Consumer Durables industry average (3.2x).


Future Growth

How is Bear Electric ApplianceLtd forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

22.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002959's forecast earnings growth (22.3% per year) is above the savings rate (3.3%).

Earnings vs Market: 002959's earnings (22.3% per year) are forecast to grow slower than the CN market (23.5% per year).

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

Revenue vs Market: 002959's revenue (23.6% per year) is forecast to grow faster than the CN market (18% per year).

High Growth Revenue: 002959's revenue (23.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002959's Return on Equity is forecast to be high in 3 years time (23.4%)


Past Performance

How has Bear Electric ApplianceLtd performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002959 has high quality earnings.

Growing Profit Margin: 002959's current net profit margins (12.2%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: 002959's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: 002959's earnings growth over the past year (80.4%) exceeds its 5-year average (29% per year).

Earnings vs Industry: 002959 earnings growth over the past year (80.4%) exceeded the Consumer Durables industry 7.1%.


Return on Equity

High ROE: 002959's Return on Equity (22.6%) is considered high.


Financial Health

How is Bear Electric ApplianceLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 002959's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.4B).

Long Term Liabilities: 002959's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥2.3M).


Debt to Equity History and Analysis

Debt Level: 002959 is debt free.

Reducing Debt: 002959 had no debt 5 years ago.

Debt Coverage: 002959 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 002959 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Bear Electric ApplianceLtd current dividend yield, its reliability and sustainability?

0.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002959's dividend (0.95%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).

High Dividend: 002959's dividend (0.95%) is low compared to the top 25% of dividend payers in the CN market (1.79%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 002959's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 002959's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.4%), 002959's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 002959's dividends in 3 years are forecast to be covered by earnings (55.3% payout ratio).


Next Steps

Management

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


CEO

Bear Electric ApplianceLtd has no CEO, or we have no data on them.


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

Bear Electric Appliance Co.,Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bear Electric Appliance Co.,Ltd.
  • Ticker: 2959
  • Exchange: SZSE
  • Founded: 2006
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: CN¥12.667b
  • Shares outstanding: 156.00m
  • Website: https://www.bears.com.cn

Number of Employees


Location

  • Bear Electric Appliance Co.,Ltd.
  • Lianfu 3rd Road
  • Fuan Industrial Zone
  • Foshan
  • Guangdong Province
  • China

Listings


Biography

Bear Electric Appliance Co.,Ltd. engages in the research and development, production, and sale of household appliances in China. It offers yogurt machines, electric cookers, health pots, humidifiers, elect...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 09:20
End of Day Share Price2021/04/09 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.