6034

G-bits Network Technology (Xiamen)SHSE:603444 Stock Report

Market Cap

CN¥28.2b

7D

-4.1%

1Y

-36.5%

Updated

17 Sep, 2021

Data

Company Financials +
603444 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends4/6

603444 Overview

G-bits Network Technology (Xiamen) Co., Ltd.

Price History & Performance

Summary of all time highs, changes and price drops for G-bits Network Technology (Xiamen)
Historical stock prices
Current Share PriceCN¥392.48
52 Week HighCN¥296.34
52 Week LowCN¥641.00
Beta0.082
1 Month Change-5.07%
3 Month Change-26.91%
1 Year Change-36.48%
3 Year Change223.86%
5 Year Changen/a
Change since IPO404.73%

Recent News & Updates

Shareholder Returns

603444CN EntertainmentCN Market
7D-4.1%-0.9%-2.4%
1Y-36.5%-32.1%10.5%

Return vs Industry: 603444 underperformed the CN Entertainment industry which returned -32.1% over the past year.

Return vs Market: 603444 underperformed the CN Market which returned 10.5% over the past year.

Price Volatility

Is 603444's price volatile compared to industry and market?
603444 volatility
603444 Beta0.082
Industry Beta0.60
Market Beta1

Stable Share Price: 603444 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 603444's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004815Hong Luhttps://www.g-bits.com

G-bits Network Technology (Xiamen) Co., Ltd. develops and operates of video games. The company offers client, web, mobile, and VR games.

Valuation

Is G-bits Network Technology (Xiamen) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 603444 (CN¥392.48) is trading below our estimate of fair value (CN¥900.28)

Significantly Below Fair Value: 603444 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 603444 is good value based on its PE Ratio (20.2x) compared to the CN Entertainment industry average (31.9x).

PE vs Market: 603444 is good value based on its PE Ratio (20.2x) compared to the CN market (34.8x).


Price to Earnings Growth Ratio

PEG Ratio: 603444 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 603444 is overvalued based on its PB Ratio (7.2x) compared to the CN Entertainment industry average (3x).


Future Growth

How is G-bits Network Technology (Xiamen) forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603444's forecast earnings growth (15.8% per year) is above the savings rate (3.3%).

Earnings vs Market: 603444's earnings (15.8% per year) are forecast to grow slower than the CN market (22.7% per year).

High Growth Earnings: 603444's earnings are forecast to grow, but not significantly.

Revenue vs Market: 603444's revenue (16.8% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 603444's revenue (16.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603444's Return on Equity is forecast to be high in 3 years time (32.4%)


Past Performance

How has G-bits Network Technology (Xiamen) performed over the past 5 years?

17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603444 has high quality earnings.

Growing Profit Margin: 603444's current net profit margins (37.6%) are higher than last year (35.6%).


Past Earnings Growth Analysis

Earnings Trend: 603444's earnings have grown by 17.1% per year over the past 5 years.

Accelerating Growth: 603444's earnings growth over the past year (56.3%) exceeds its 5-year average (17.1% per year).

Earnings vs Industry: 603444 earnings growth over the past year (56.3%) exceeded the Entertainment industry -12.5%.


Return on Equity

High ROE: 603444's Return on Equity (38.4%) is considered high.


Financial Health

How is G-bits Network Technology (Xiamen)'s financial position?


Financial Position Analysis

Short Term Liabilities: 603444's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.5B).

Long Term Liabilities: 603444's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥256.5M).


Debt to Equity History and Analysis

Debt Level: 603444's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: 603444's debt to equity ratio has increased from 0.3% to 0.5% over the past 5 years.

Debt Coverage: 603444's debt is well covered by operating cash flow (8339.9%).

Interest Coverage: 603444 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is G-bits Network Technology (Xiamen) current dividend yield, its reliability and sustainability?

3.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 603444's dividend (3.06%) is higher than the bottom 25% of dividend payers in the CN market (0.41%).

High Dividend: 603444's dividend (3.06%) is in the top 25% of dividend payers in the CN market (1.78%)


Stability and Growth of Payments

Stable Dividend: 603444 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603444's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.7%), 603444's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 603444's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).


Next Steps

Management

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

CN¥666k

CEO Compensation


CEO

Hong Lu (44 yo)

2.58yrs

Tenure

CN¥666,100

Compensation

Mr. Lu Hong Yan serves as Chairman of the Board and General Manager at Xiamen Gigabit Network Limited. Mr. Lu serves as an Executive Director of Xiamen Jufeng Software Technology Co., Ltd., Xiamen Leiting...


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

G-bits Network Technology (Xiamen) Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: G-bits Network Technology (Xiamen) Co., Ltd.
  • Ticker: 603444
  • Exchange: SHSE
  • Founded: 2004
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: CN¥28.205b
  • Shares outstanding: 71.86m
  • Website: https://www.g-bits.com

Number of Employees


Location

  • G-bits Network Technology (Xiamen) Co., Ltd.
  • Room 101, No. 4, Wanghai Road
  • Xiamen Software Park 2
  • Xiamen
  • Fujian Province
  • 361008
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 15:41
End of Day Share Price2021/09/17 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.