| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
603444 Overview
G-bits Network Technology (Xiamen) Co., Ltd.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥392.48 |
| 52 Week High | CN¥296.34 |
| 52 Week Low | CN¥641.00 |
| Beta | 0.082 |
| 1 Month Change | -5.07% |
| 3 Month Change | -26.91% |
| 1 Year Change | -36.48% |
| 3 Year Change | 223.86% |
| 5 Year Change | n/a |
| Change since IPO | 404.73% |
Recent News & Updates
Shareholder Returns
| 603444 | CN Entertainment | CN 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
| 603444 volatility | |
|---|---|
| 603444 Beta | 0.082 |
| Industry Beta | 0.60 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 815 | Hong Lu | https://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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/17 15:41 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.