Guoguang Electric Company Limited develops, manufactures, and sells speaker drivers and audio systems in the People's Republic of China and internationally. More Details
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.
7 Day Return
CN Consumer Durables
1 Year Return
CN Consumer Durables
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.
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
Is Guoguang Electric undervalued compared to its fair value and its price relative to the market?
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).
How is Guoguang Electric forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%).
How has Guoguang Electric performed over the past 5 years?
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.
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).
What is Guoguang Electric current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Wei He (49 yo)
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...
Experienced Board: 002045's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Guoguang Electric Company Limited's company bio, employee growth, exchange listings and data sources
- 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
- Guoguang Electric Company Limited
- No. 8 Jinghu Road
- Xinhua Town
- Guangdong Province
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 10:05|
|End of Day Share Price||2021/04/09 00:00|
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.