SHSE:603799

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Zhejiang Huayou Cobalt

Executive Summary

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


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.

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 90% of CN stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 603799's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

-26.7%

603799

-3.6%

CN Metals and Mining

-5.1%

CN Market


1 Year Return

65.7%

603799

32.8%

CN Metals and Mining

20.7%

CN Market

Return vs Industry: 603799 exceeded the CN Metals and Mining industry which returned 29.4% over the past year.

Return vs Market: 603799 exceeded the CN Market which returned 19.1% over the past year.


Shareholder returns

603799IndustryMarket
7 Day-26.7%-3.6%-5.1%
30 Day-28.5%8.1%-4.5%
90 Day22.9%10.9%-1.8%
1 Year65.7%65.7%34.9%32.8%22.6%20.7%
3 Year-2.8%-3.6%4.0%-1.0%20.6%14.7%
5 Year570.0%564.1%32.6%26.1%40.3%30.8%

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?

101.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 603799 (CN¥68.05) is trading above our estimate of fair value (CN¥54.14)

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 (101.2x) compared to the CN Metals and Mining industry average (33.7x).

PE vs Market: 603799 is poor value based on its PE Ratio (101.2x) compared to the CN market (34.6x).


Price to Earnings Growth Ratio

PEG Ratio: 603799 is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: 603799 is overvalued based on its PB Ratio (8x) compared to the CN Metals and Mining industry average (2.2x).


Next Steps

Future Growth

How is Zhejiang Huayou Cobalt forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

40.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603799's forecast earnings growth (40.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 603799's earnings (40.1% per year) are forecast to grow faster than the CN market (24.7% per year).

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

Revenue vs Market: 603799's revenue (18.3% per year) is forecast to grow faster than the CN market (18.1% per year).

High Growth Revenue: 603799's revenue (18.3% 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 (14.6%).


Next Steps

Past Performance

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

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603799 has a large one-off gain of CN¥163.9M impacting its September 30 2020 financial results.

Growing Profit Margin: 603799 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 603799 has become profitable over the past 5 years, growing earnings by 17.5% per year.

Accelerating Growth: 603799 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 603799 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.7%).


Return on Equity

High ROE: 603799's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Zhejiang Huayou Cobalt's financial position?


Financial Position Analysis

Short Term Liabilities: 603799's short term assets (CN¥9.5B) do not cover its short term liabilities (CN¥10.8B).

Long Term Liabilities: 603799's short term assets (CN¥9.5B) exceed its long term liabilities (CN¥2.7B).


Debt to Equity History and Analysis

Debt Level: 603799's debt to equity ratio (71.3%) is considered high.

Reducing Debt: 603799's debt to equity ratio has reduced from 214.3% to 71.3% over the past 5 years.

Debt Coverage: 603799's debt is well covered by operating cash flow (23.6%).

Interest Coverage: 603799's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

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

0.014%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 603799's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 603799's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 603799's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 603799's dividend payments have been 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?

4.2yrs

Average management tenure


CEO

Hongliang Chen (47 yo)

4.67yrs

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

NamePositionTenureCompensationOwnership
Hongliang Chen
GM & Director4.67yrsCN¥4.17mno data
Qixue Fang
Vice Chairman & Deputy GM1.17yrsno datano data
Bing Hai Zhang
Deputy General Managerno dataCN¥1.46mno data
Yao Zhong Chen
Deputy General Manager5.92yrsCN¥3.33mno data
Wei Xu
Deputy General Manager4.67yrsCN¥2.48mno data
Yuan Fang
Deputy General Manager4.17yrsCN¥1.63mno data
Yun Wang
Deputy General Manager4.17yrsCN¥1.10mno data
Xiao Ping Qian
Deputy GM & Director1.92yrsCN¥3.38mno data
Rui Li
Secretary of the Board4.17yrsCN¥538.40kno data
Yan Hui Hu
CFO & Deputy GM1.25yrsno datano data
Xiao Li
Head of the Investment & Legal Affairs Departmentno dataCN¥817.60kno data
Cuiying Zou
Head of Accounting Officeno datano datano data

4.2yrs

Average Tenure

48yo

Average Age

Experienced Management: 603799's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hongliang Chen
GM & Director4.67yrsCN¥4.17mno data
Qixue Fang
Vice Chairman & Deputy GM1.17yrsno datano data
Xiao Ping Qian
Deputy GM & Director1.92yrsCN¥3.38mno data
Ying Wang
Independent Directorno dataCN¥100.00kno data
Xue Hua Chen
Chairman18.75yrsCN¥5.55mno data
Xiu Liang Dong
Independent Directorno dataCN¥100.00kno data
Zhong Yuan
Chairman of Board of Supervisorsno datano datano data
Jian Rong Shen
Member of Board of Supervisorsno datano datano data
Yi Wen Tao
Member of Board of Supervisorsno datano datano data
Weiping Yu
Independent Director4.92yrsCN¥100.00kno data

3.4yrs

Average Tenure

48yo

Average Age

Experienced Board: 603799's board of directors are considered experienced (3.4 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¥88.821b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603799SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJan 2015
603799XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJan 2015

Biography

Zhejiang Huayou Cobalt Co., Ltd engages in research, development, manufacture, and sale of lithium battery materials and cobalt materials in China and internationally. The company’s products include batter...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 09:12
End of Day Share Price2021/03/08 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.