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Market Cap

CN¥4.2b

Last Updated

2021/04/11 10:05 UTC

Data Sources

Company Financials +

Executive Summary

Guoguang Electric Company Limited develops, manufactures, and sells speaker drivers and audio systems in the People's Republic of China and internationally. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 002045 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 002045'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

-1.6%

2045

-2.3%

CN Consumer Durables

-1.1%

CN Market


1 Year Return

0.8%

2045

56.3%

CN Consumer Durables

28.4%

CN Market

Return vs Industry: 002045 underperformed the CN Consumer Durables industry which returned 56.3% over the past year.

Return vs Market: 002045 underperformed the CN Market which returned 28.4% over the past year.


Shareholder returns

2045IndustryMarket
7 Day-1.6%-2.3%-1.1%
30 Day-3.8%3.3%1.0%
90 Day0.4%-3.9%-5.8%
1 Year1.6%0.8%59.7%56.3%30.4%28.4%
3 Year-20.1%-22.5%49.6%41.2%25.9%19.9%
5 Yearn/a122.8%103.4%23.6%15.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

22.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002045 (CN¥9.16) is trading above our estimate of fair value (CN¥7.69)

Significantly Below Fair Value: 002045 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002045 is good value based on its PE Ratio (22.9x) compared to the CN Consumer Durables industry average (29.5x).

PE vs Market: 002045 is good value based on its PE Ratio (22.9x) compared to the CN market (33.9x).


Price to Earnings Growth Ratio

PEG Ratio: 002045 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 002045 is good value based on its PB Ratio (2.1x) compared to the CN Consumer Durables industry average (3.2x).


Future Growth

How is Guoguang Electric forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

45.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002045's forecast earnings growth (45.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 002045's earnings (45.9% per year) are forecast to grow faster than the CN market (23.4% per year).

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

Revenue vs Market: 002045's revenue (34.3% per year) is forecast to grow faster than the CN market (17.9% per year).

High Growth Revenue: 002045's revenue (34.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002045's Return on Equity is forecast to be low in 3 years time (17.3%).


Past Performance

How has Guoguang Electric performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002045 has high quality earnings.

Growing Profit Margin: 002045's current net profit margins (4.4%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: 002045's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: 002045's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002045 had negative earnings growth (-47.3%) over the past year, making it difficult to compare to the Consumer Durables industry average (7.1%).


Return on Equity

High ROE: 002045's Return on Equity (9.3%) is considered low.


Financial Health

How is Guoguang Electric's financial position?


Financial Position Analysis

Short Term Liabilities: 002045's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.3B).

Long Term Liabilities: 002045's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥77.6M).


Debt to Equity History and Analysis

Debt Level: 002045's debt to equity ratio (45.5%) is considered high.

Reducing Debt: 002045's debt to equity ratio has reduced from 67.2% to 45.5% over the past 5 years.

Debt Coverage: 002045's debt is well covered by operating cash flow (55.3%).

Interest Coverage: 002045's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Dividend

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

0.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002045's dividend (0.87%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 002045's dividend (0.87%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 002045's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002045's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20%), 002045's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.8yrs

Average board tenure


CEO

Wei He (49 yo)

8.25yrs

Tenure

CN¥785,400

Compensation

Mr. Wei Cheng He has been President at Guoguang Electric Company Limited since January 25, 2013. Mr. He served as Managing Director of GGEC Technology Ltd. from September 19, 2011 to September 18, 2014 and...


Board Members

Experienced Board: 002045's board of directors are not considered experienced ( 1.8 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

Guoguang Electric Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Guoguang Electric Company Limited
  • Ticker: 2045
  • Exchange: XSEC
  • Founded: 1951
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: CN¥4.200b
  • Shares outstanding: 458.48m
  • Website: https://www.ggec.com

Number of Employees


Location

  • Guoguang Electric Company Limited
  • No. 8 Jinghu Road
  • Xinhua Town
  • Guangzhou
  • Guangdong Province
  • 510800
  • China

Listings


Biography

Guoguang Electric Company Limited develops, manufactures, and sells speaker drivers and audio systems in the People's Republic of China and internationally. Its speaker drivers are used in telephones, TV s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 10:05
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.