603799 Stock Overview
Zhejiang Huayou Cobalt Co., Ltd engages in the research, development, manufacture, and sale of lithium battery materials and cobalt materials in China and internationally.
Zhejiang Huayou Cobalt Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥84.80|
|52 Week High||CN¥113.12|
|52 Week Low||CN¥52.32|
|1 Month Change||-7.00%|
|3 Month Change||42.85%|
|1 Year Change||-15.86%|
|3 Year Change||312.11%|
|5 Year Change||222.77%|
|Change since IPO||2,820.48%|
Recent News & Updates
|603799||CN Metals and Mining||CN Market|
Return vs Industry: 603799 underperformed the CN Metals and Mining industry which returned -9.5% over the past year.
Return vs Market: 603799 underperformed the CN Market which returned -10.4% over the past year.
|603799 Average Weekly Movement||7.5%|
|Metals and Mining Industry Average Movement||6.3%|
|Market Average Movement||6.1%|
|10% most volatile stocks in CN Market||9.2%|
|10% least volatile stocks in CN Market||3.9%|
Stable Share Price: 603799 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 603799's weekly volatility (7%) has been stable over the past year.
About the Company
Zhejiang Huayou Cobalt Co., Ltd engages in the research, development, manufacture, and sale of lithium battery materials and cobalt materials in China and internationally. The company’s products include battery grade cobalt tetroxide and cobalt sulfate, and cobalt oxide; electrodeposited copper and copper oxide; cobalt trioxide, cobalt cathode, cobalt hydroxide battery grade, iron phosphate, and ferric phosphate; and Li carbonic acid and ternary precursors. Its products are used for Li-ion battery cathode material, high temperature alloy for aviation and aerospace, cemented carbide, colorant and glaze material, rubber adhesive, petrochemical catalysts, magnetic materials, glass, as well as used in the manufacture of dyes, paint, anti-wrinkle, and fireworks.
Zhejiang Huayou Cobalt Fundamentals Summary
|603799 fundamental statistics|
Is 603799 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|603799 income statement (TTM)|
|Cost of Revenue||CN¥33.82b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.80|
|Net Profit Margin||10.57%|
How did 603799 perform over the long term?See historical performance and comparison
0.3%Current Dividend Yield
Is 603799 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 603799?
Other financial metrics that can be useful for relative valuation.
|What is 603799's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 603799's PE Ratio compare to its peers?
|603799 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
600111 China Northern Rare Earth (Group) High-TechLtd
002460 Ganfeng Lithium
600549 Xiamen Tungsten
002738 Sinomine Resource Group
603799 Zhejiang Huayou Cobalt
Price-To-Earnings vs Peers: 603799 is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the peer average (25.3x).
Price to Earnings Ratio vs Industry
How does 603799's PE Ratio compare vs other companies in the CN Metals and Mining Industry?
Price-To-Earnings vs Industry: 603799 is good value based on its Price-To-Earnings Ratio (30.3x) compared to the CN Metals and Mining industry average (30.7x)
Price to Earnings Ratio vs Fair Ratio
What is 603799'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.
|Current PE Ratio||30.3x|
|Fair PE Ratio||35.9x|
Price-To-Earnings vs Fair Ratio: 603799 is good value based on its Price-To-Earnings Ratio (30.3x) compared to the estimated Fair Price-To-Earnings Ratio (35.9x).
Share Price vs Fair Value
What is the Fair Price of 603799 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 603799 (CN¥84.8) is trading above our estimate of fair value (CN¥19.51)
Significantly Below Fair Value: 603799 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Zhejiang Huayou Cobalt forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 603799's forecast earnings growth (36.5% per year) is above the savings rate (3.2%).
Earnings vs Market: 603799's earnings (36.5% per year) are forecast to grow faster than the CN market (24.5% per year).
High Growth Earnings: 603799's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 603799's revenue (20.2% per year) is forecast to grow faster than the CN market (17.8% per year).
High Growth Revenue: 603799's revenue (20.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 603799's Return on Equity is forecast to be high in 3 years time (26.2%)
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How has Zhejiang Huayou Cobalt performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 603799 has a high level of non-cash earnings.
Growing Profit Margin: 603799's current net profit margins (10.6%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: 603799's earnings have grown significantly by 20.2% per year over the past 5 years.
Accelerating Growth: 603799's earnings growth over the past year (172.1%) exceeds its 5-year average (20.2% per year).
Earnings vs Industry: 603799 earnings growth over the past year (172.1%) exceeded the Metals and Mining industry 21.9%.
Return on Equity
High ROE: 603799's Return on Equity (17.6%) is considered low.
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How is Zhejiang Huayou Cobalt's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 603799's short term assets (CN¥41.1B) exceed its short term liabilities (CN¥30.8B).
Long Term Liabilities: 603799's short term assets (CN¥41.1B) exceed its long term liabilities (CN¥18.5B).
Debt to Equity History and Analysis
Debt Level: 603799's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 603799's debt to equity ratio has increased from 108.4% to 112.3% over the past 5 years.
Debt Coverage: 603799's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603799 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Zhejiang Huayou Cobalt current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 603799's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.47%).
High Dividend: 603799's dividend (0.27%) is low compared to the top 25% of dividend payers in the CN market (1.93%).
Stability and Growth of Payments
Stable Dividend: 603799 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603799's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (8.2%), 603799's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603799 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hongliang Chen (49 yo)
Mr. Hongliang Chen has been General Manager and Managing Director of Zhejiang Huayou Cobalt Co. Ltd. since July 2016 and served as its Deputy General Manager until July 2016. Mr. Chen joined at Zhejiang Hu...
Experienced Management: 603799's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: 603799's board of directors are considered experienced (3.3 years average tenure).
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.
Zhejiang Huayou Cobalt Co., Ltd's employee growth, exchange listings and data sources
- Name: Zhejiang Huayou Cobalt Co., Ltd
- Ticker: 603799
- Exchange: SHSE
- Founded: 2002
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: CN¥134.632b
- Shares outstanding: 1.59b
- Website: https://www.huayou.com
Number of Employees
- Zhejiang Huayou Cobalt Co., Ltd
- No.18, Wuzhen East Road
- Economic Development Zone
- Zhejiang Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 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.