SHSE:603799

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Zhejiang Huayou Cobalt

Market Cap

CN¥119.8b

Last Updated

2021/06/24 16:11 UTC

Data Sources

Company Financials +

Executive Summary

Zhejiang Huayou Cobalt Co., Ltd engages in the research, development, manufacture, and sale of lithium battery materials and cobalt materials in China and internationally. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.

Share Price & News

How has Zhejiang Huayou Cobalt's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 603799 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 603799's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

1.3%

603799

3.1%

CN Metals and Mining

2.5%

CN Market


1 Year Return

157.8%

603799

39.9%

CN Metals and Mining

21.9%

CN Market

Return vs Industry: 603799 exceeded the CN Metals and Mining industry which returned 39.9% over the past year.

Return vs Market: 603799 exceeded the CN Market which returned 21.9% over the past year.


Shareholder returns

603799IndustryMarket
7 Day1.3%3.1%2.5%
30 Day8.6%0.4%1.6%
90 Day43.2%8.6%8.1%
1 Year158.4%157.8%41.9%39.9%23.4%21.9%
3 Year86.5%84.5%41.0%33.7%55.5%48.1%
5 Year389.0%383.6%25.3%18.9%32.3%23.8%

Long-Term Price Volatility Vs. Market

How volatile is Zhejiang Huayou Cobalt's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Zhejiang Huayou Cobalt undervalued compared to its fair value and its price relative to the market?

69.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 603799 (CN¥98.8) is trading above our estimate of fair value (CN¥82.68)

Significantly Below Fair Value: 603799 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 603799 is poor value based on its PE Ratio (69.7x) compared to the CN Metals and Mining industry average (28.2x).

PE vs Market: 603799 is poor value based on its PE Ratio (69.7x) compared to the CN market (32.6x).


Price to Earnings Growth Ratio

PEG Ratio: 603799 is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: 603799 is overvalued based on its PB Ratio (7.2x) compared to the CN Metals and Mining industry average (2.4x).


Future Growth

How is Zhejiang Huayou Cobalt forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

22.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603799's forecast earnings growth (22.5% per year) is above the savings rate (3.3%).

Earnings vs Market: 603799's earnings (22.5% per year) are forecast to grow faster than the CN market (21.5% per year).

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

Revenue vs Market: 603799's revenue (18.4% per year) is forecast to grow faster than the CN market (17.4% per year).

High Growth Revenue: 603799's revenue (18.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603799's Return on Equity is forecast to be low in 3 years time (18.7%).


Past Performance

How has Zhejiang Huayou Cobalt performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603799 has high quality earnings.

Growing Profit Margin: 603799's current net profit margins (7.1%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: 603799 has become profitable over the past 5 years, growing earnings by 12.4% per year.

Accelerating Growth: 603799's earnings growth over the past year (462.7%) exceeds its 5-year average (12.4% per year).

Earnings vs Industry: 603799 earnings growth over the past year (462.7%) exceeded the Metals and Mining industry 43.1%.


Return on Equity

High ROE: 603799's Return on Equity (8.5%) is considered low.


Financial Health

How is Zhejiang Huayou Cobalt's financial position?


Financial Position Analysis

Short Term Liabilities: 603799's short term assets (CN¥17.0B) exceed its short term liabilities (CN¥13.6B).

Long Term Liabilities: 603799's short term assets (CN¥17.0B) exceed its long term liabilities (CN¥3.0B).


Debt to Equity History and Analysis

Debt Level: 603799's debt to equity ratio (48.3%) is considered high.

Reducing Debt: 603799's debt to equity ratio has reduced from 253.1% to 48.3% over the past 5 years.

Debt Coverage: 603799's debt is well covered by operating cash flow (29.4%).

Interest Coverage: 603799's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


Dividend

What is Zhejiang Huayou Cobalt current dividend yield, its reliability and sustainability?

0.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 603799's dividend (0.2%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 603799's dividend (0.2%) is low compared to the top 25% of dividend payers in the CN market (1.8%).


Stability and Growth of Payments

Stable Dividend: 603799 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 603799 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 603799 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 603799'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?

4.4yrs

Average management tenure


CEO

Hongliang Chen (48 yo)

4.92yrs

Tenure

CN¥4,173,400

Compensation

Mr. Hongliang Chen has been General Manager of Zhejiang Huayou Cobalt Co. Ltd. since July 2016 and served as its Deputy General Manager until July 2016. Mr. Chen joined at Zhejiang Huayou Cobalt Co. Ltd. i...


Leadership Team

Experienced Management: 603799's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: 603799's board of directors are considered experienced (3.7 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 9%.


Top Shareholders

Company Information

Zhejiang Huayou Cobalt Co., Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Huayou Cobalt Co., Ltd
  • Ticker: 603799
  • Exchange: SHSE
  • Founded: 2002
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CN¥119.835b
  • Shares outstanding: 1.21b
  • Website: https://www.huayou.com

Number of Employees


Location

  • Zhejiang Huayou Cobalt Co., Ltd
  • No.18, Wuzhen East Road
  • Economic Development Zone
  • Tongxiang
  • Zhejiang Province
  • 314500
  • China

Listings


Biography

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 ba...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 16:11
End of Day Share Price2021/06/24 00:00
Earnings2021/03/31
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.