company background image
6031

Zhejiang Sunoren Solar TechnologyLtd SHSE:603105 Stock Report

Last Price

CN¥8.90

Market Cap

CN¥4.5b

7D

0.5%

1Y

18.5%

Updated

02 May, 2022

Data

Company Financials +
603105 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance3/6
Financial Health2/6
Dividends2/6

603105 Stock Overview

Zhejiang Sunoren Solar Technology Co.,Ltd.

Price History & Performance

Summary of all time highs, changes and price drops for Zhejiang Sunoren Solar TechnologyLtd
Historical stock prices
Current Share PriceCN¥8.90
52 Week HighCN¥20.55
52 Week LowCN¥7.40
Beta0.088
1 Month Change-29.98%
3 Month Change-31.80%
1 Year Change18.51%
3 Year Change-15.64%
5 Year Changen/a
Change since IPO27.87%

Recent News & Updates

Shareholder Returns

603105CN SemiconductorCN Market
7D0.5%9.2%4.7%
1Y18.5%0.8%-16.2%

Return vs Industry: 603105 exceeded the CN Semiconductor industry which returned 0.8% over the past year.

Return vs Market: 603105 exceeded the CN Market which returned -16.2% over the past year.

Price Volatility

Is 603105's price volatile compared to industry and market?
603105 volatility
603105 Average Weekly Movement8.2%
Semiconductor Industry Average Movement7.8%
Market Average Movement7.3%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.2%

Stable Share Price: 603105 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 603105's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008292n/ahttps://sunorensolar.com

Zhejiang Sunoren Solar Technology Co.,Ltd. engages in the photovoltaic industry in China. It operates commercial and household distributed power plants; offers optical storage electric car charging station; and manufactures polycrystalline and monocrystalline silicon wafers, and solar cell modules, as well as provides power plants operation and maintenance services.

Zhejiang Sunoren Solar TechnologyLtd Fundamentals Summary

How do Zhejiang Sunoren Solar TechnologyLtd's earnings and revenue compare to its market cap?
603105 fundamental statistics
Market CapCN¥4.45b
Earnings (TTM)CN¥110.47m
Revenue (TTM)CN¥475.40m

40.3x

P/E Ratio

9.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603105 income statement (TTM)
RevenueCN¥475.40m
Cost of RevenueCN¥218.62m
Gross ProfitCN¥256.77m
Other ExpensesCN¥146.30m
EarningsCN¥110.47m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin54.01%
Net Profit Margin23.24%
Debt/Equity Ratio88.4%

How did 603105 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Zhejiang Sunoren Solar TechnologyLtd undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 603105 (CN¥8.9) is trading below our estimate of fair value (CN¥34.27)

Significantly Below Fair Value: 603105 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 603105 is good value based on its PE Ratio (40.3x) compared to the CN Semiconductor industry average (42.5x).

PE vs Market: 603105 is poor value based on its PE Ratio (40.3x) compared to the CN market (28.2x).


Price to Earnings Growth Ratio

PEG Ratio: 603105 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 603105 is good value based on its PB Ratio (2.7x) compared to the CN Semiconductor industry average (4x).


Future Growth

How is Zhejiang Sunoren Solar TechnologyLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603105's forecast earnings growth (39.3% per year) is above the savings rate (3.3%).

Earnings vs Market: 603105's earnings (39.3% 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: 603105's revenue (32.9% per year) is forecast to grow faster than the CN market (17% per year).

High Growth Revenue: 603105's revenue (32.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603105's Return on Equity is forecast to be low in 3 years time (15.7%).


Past Performance

How has Zhejiang Sunoren Solar TechnologyLtd performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603105 has high quality earnings.

Growing Profit Margin: 603105's current net profit margins (23.2%) are higher than last year (19.6%).


Past Earnings Growth Analysis

Earnings Trend: 603105's earnings have declined by 0.7% per year over the past 5 years.

Accelerating Growth: 603105's earnings growth over the past year (34%) exceeds its 5-year average (-0.7% per year).

Earnings vs Industry: 603105 earnings growth over the past year (34%) underperformed the Semiconductor industry 67.4%.


Return on Equity

High ROE: 603105's Return on Equity (6.8%) is considered low.


Financial Health

How is Zhejiang Sunoren Solar TechnologyLtd's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603105's short term assets (CN¥692.9M) exceed its short term liabilities (CN¥594.1M).

Long Term Liabilities: 603105's short term assets (CN¥692.9M) do not cover its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 603105's net debt to equity ratio (69%) is considered high.

Reducing Debt: 603105's debt to equity ratio has increased from 28.6% to 88.4% over the past 5 years.

Debt Coverage: 603105's debt is well covered by operating cash flow (26.7%).

Interest Coverage: 603105's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Zhejiang Sunoren Solar TechnologyLtd current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.79%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603105's dividend (0.79%) is higher than the bottom 25% of dividend payers in the CN market (0.59%).

High Dividend: 603105's dividend (0.79%) is low compared to the top 25% of dividend payers in the CN market (2.27%).


Stability and Growth of Payments

Stable Dividend: 603105 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603105 has only been paying a dividend for 3 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.1%), 603105's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (459.9%), 603105's dividend payments are not well covered by cash flows.


Next Steps

Management

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


CEO

Zhejiang Sunoren Solar TechnologyLtd has no CEO, or we have no data on them.


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

Zhejiang Sunoren Solar Technology Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Sunoren Solar Technology Co.,Ltd.
  • Ticker: 603105
  • Exchange: SHSE
  • Founded: 2008
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CN¥4.450b
  • Shares outstanding: 500.00m
  • Website: https://sunorensolar.com

Number of Employees


Location

  • Zhejiang Sunoren Solar Technology Co.,Ltd.
  • No. 9 Pidu Road
  • Haining
  • Zhejiang Province
  • 314400
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/02 00:00
End of Day Share Price2022/04/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.