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6881

Western Superconducting TechnologiesSHSE:688122 Stock Report

Market Cap

CN¥34.1b

7D

1.8%

1Y

39.6%

Updated

24 Sep, 2021

Data

Company Financials +
688122 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance4/6
Financial Health4/6
Dividends3/6

688122 Overview

Western Superconducting Technologies Co., Ltd.

Western Superconducting Technologies Competitors

JASTEC

TSE:9717

JP¥21.1b

Price History & Performance

Summary of all time highs, changes and price drops for Western Superconducting Technologies
Historical stock prices
Current Share PriceCN¥75.77
52 Week HighCN¥44.01
52 Week LowCN¥96.50
Beta0.62
1 Month Change-14.68%
3 Month Change19.64%
1 Year Change39.59%
3 Year Changen/a
5 Year Changen/a
Change since IPO37.79%

Recent News & Updates

Shareholder Returns

688122CN Metals and MiningCN Market
7D1.8%-2.1%0.6%
1Y39.6%83.2%13.7%

Return vs Industry: 688122 underperformed the CN Metals and Mining industry which returned 83.2% over the past year.

Return vs Market: 688122 exceeded the CN Market which returned 13.7% over the past year.

Price Volatility

Is 688122's price volatile compared to industry and market?
688122 volatility
688122 Beta0.62
Industry Beta0.66
Market Beta1

Stable Share Price: 688122 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 688122's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
2003983Yong Fenghttps://www.c-wst.com

Western Superconducting Technologies Co., Ltd. researches, develops, manufactures, and sells superconducting materials and titanium alloys for superconducting magnets and aviation industry. The company offers superconducting materials, such as NbTi and Nb3Sn. It also provides titanium alloy bars, wires, billets, and discs.

Western Superconducting Technologies Fundamentals Summary

How do Western Superconducting Technologies's earnings and revenue compare to its market cap?
688122 fundamental statistics
Market CapCN¥34.07b
Earnings (TTM)CN¥551.55m
Revenue (TTM)CN¥2.42b

60.6x

P/E Ratio

13.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688122 income statement (TTM)
RevenueCN¥2.42b
Cost of RevenueCN¥1.51b
Gross ProfitCN¥905.38m
ExpensesCN¥353.82m
EarningsCN¥551.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.25
Gross Margin37.48%
Net Profit Margin22.83%
Debt/Equity Ratio49.1%

How did 688122 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Western Superconducting Technologies undervalued compared to its fair value and its price relative to the market?

48.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 688122 (CN¥75.77) is trading below our estimate of fair value (CN¥146.68)

Significantly Below Fair Value: 688122 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 688122 is poor value based on its PE Ratio (60.6x) compared to the CN Metals and Mining industry average (32.4x).

PE vs Market: 688122 is poor value based on its PE Ratio (60.6x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 688122 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 688122 is overvalued based on its PB Ratio (11.3x) compared to the CN Metals and Mining industry average (3x).


Future Growth

How is Western Superconducting Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

29.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688122's forecast earnings growth (29% per year) is above the savings rate (3.3%).

Earnings vs Market: 688122's earnings (29% per year) are forecast to grow faster than the CN market (23% per year).

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

Revenue vs Market: 688122's revenue (27.6% per year) is forecast to grow faster than the CN market (18.1% per year).

High Growth Revenue: 688122's revenue (27.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688122's Return on Equity is forecast to be low in 3 years time (19.3%).


Past Performance

How has Western Superconducting Technologies performed over the past 5 years?

32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 688122 has a large one-off gain of CN¥107.7M impacting its June 30 2021 financial results.

Growing Profit Margin: 688122's current net profit margins (22.8%) are higher than last year (11.9%).


Past Earnings Growth Analysis

Earnings Trend: 688122's earnings have grown significantly by 32.1% per year over the past 5 years.

Accelerating Growth: 688122's earnings growth over the past year (168.9%) exceeds its 5-year average (32.1% per year).

Earnings vs Industry: 688122 earnings growth over the past year (168.9%) exceeded the Metals and Mining industry 56.1%.


Return on Equity

High ROE: 688122's Return on Equity (18.3%) is considered low.


Financial Health

How is Western Superconducting Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 688122's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥2.2B).

Long Term Liabilities: 688122's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥748.2M).


Debt to Equity History and Analysis

Debt Level: 688122's debt to equity ratio (49.1%) is considered high.

Reducing Debt: 688122's debt to equity ratio has reduced from 56% to 49.1% over the past 5 years.

Debt Coverage: 688122's debt is not well covered by operating cash flow (12.5%).

Interest Coverage: 688122's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet


Dividend

What is Western Superconducting Technologies's current dividend yield, its reliability and sustainability?

0.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 688122's dividend (0.53%) is higher than the bottom 25% of dividend payers in the CN market (0.41%).

High Dividend: 688122's dividend (0.53%) is low compared to the top 25% of dividend payers in the CN market (1.76%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 688122's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 688122's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32%), 688122's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 688122's dividends in 3 years are forecast to be well covered by earnings (22.8% payout ratio).


Next Steps

Management

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

3.2yrs

Average board tenure


CEO

Yong Feng (53 yo)

no data

Tenure

Mr. Yong Feng, Ph D., has been General Manager and Director of Western Superconducting Technologies Co., Ltd., since October 2008. Mr. Feng is the Chairman of the Board of Xi'an Jueneng Superconducting Mag...


Board Members

Experienced Board: 688122's board of directors are considered experienced (3.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Western Superconducting Technologies Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Western Superconducting Technologies Co., Ltd.
  • Ticker: 688122
  • Exchange: SHSE
  • Founded: 2003
  • Industry: Steel
  • Sector: Materials
  • Market Cap: CN¥34.066b
  • Shares outstanding: 441.27m
  • Website: https://www.c-wst.com

Number of Employees


Location

  • Western Superconducting Technologies Co., Ltd.
  • No.12, Ming Guang Road
  • Economic & Technological Development Zone
  • Xi'an
  • Shaanxi Province
  • 710018
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 09:05
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.