Wuxi NCE Power (SHSE:605111) - Share price, News & Analysis

605111 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	5/6
Financial Health	6/6
Dividends	2/6

605111 Stock Overview

Wuxi NCE Power Co., Ltd. engages in the research and development, and marketing of semiconductor power devices in China.

Rewards

Trading at 42.3% below our estimate of its fair value

Earnings are forecast to grow 21.38% per year

Earnings grew by 136% over the past year

Risk Analysis

High level of non-cash earnings

Volatile share price over the past 3 months

Wuxi NCE Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wuxi NCE Power
Historical stock prices
Current Share Price	CN¥101.00
52 Week High	CN¥173.64
52 Week Low	CN¥79.97
Beta	0
1 Month Change	9.53%
3 Month Change	-4.59%
1 Year Change	17.66%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	590.48%

Shareholder Returns

	605111	CN Semiconductor	CN Market
7D	10.2%	5.2%	2.9%
1Y	17.7%	6.6%	-15.8%

Return vs Industry: 605111 exceeded the CN Semiconductor industry which returned 6.6% over the past year.

Return vs Market: 605111 exceeded the CN Market which returned -15.8% over the past year.

Price Volatility

Is 605111's price volatile compared to industry and market?
605111 volatility
605111 Average Weekly Movement	9.1%
Semiconductor Industry Average Movement	7.9%
Market Average Movement	7.4%
10% most volatile stocks in CN Market	10.3%
10% least volatile stocks in CN Market	5.3%

Stable Share Price: 605111 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 605111's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

Founded	Employees	CEO	Website
2013	308	n/a	https://www.ncepower.com

Wuxi NCE Power Co., Ltd. engages in the research and development, and marketing of semiconductor power devices in China. It offers N-MOSFET, P-MOSFET, and N+P MOSFET discrete devices that are used in various applications, such as lithium battery protection modules, consumer electronics power supply products, uninterruptible power supply products, inverter and various electric power suppliers, portable digital power management systems, electric vehicle controllers, and LED illumination products. The company also provides super trench MOSFETs; super junction MOSFETs that are used in batteries of computers and servers, HID/LED illumination, industrial and roadway illumination, adaptors of PC and printer, and consumer electronics; and IGBT products for use in motor drive, welding, UPS, frequency converter, industrial inverter, solar converter, induction heating, and resonant switch applications.

Wuxi NCE Power Fundamentals Summary

How do Wuxi NCE Power's earnings and revenue compare to its market cap?
605111 fundamental statistics
Market Cap	CN¥18.82b
Earnings (TTM)	CN¥447.97m
Revenue (TTM)	CN¥1.60b

45.1x

P/E Ratio

12.6x

P/S Ratio

Is 605111 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
605111 income statement (TTM)
Revenue	CN¥1.60b
Cost of Revenue	CN¥952.71m
Gross Profit	CN¥644.57m
Other Expenses	CN¥196.59m
Earnings	CN¥447.97m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.24
Gross Margin	40.35%
Net Profit Margin	28.05%
Debt/Equity Ratio	0%

How did 605111 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is Wuxi NCE Power undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

42.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 605111 (CN¥101) is trading below our estimate of fair value (CN¥175.02)

Significantly Below Fair Value: 605111 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 605111 is poor value based on its PE Ratio (45.1x) compared to the CN Semiconductor industry average (44.3x).

PE vs Market: 605111 is poor value based on its PE Ratio (45.1x) compared to the CN market (30.4x).

Price to Earnings Growth Ratio

PEG Ratio: 605111 is poor value based on its PEG Ratio (2.1x)

Price to Book Ratio

PB vs Industry: 605111 is overvalued based on its PB Ratio (11.4x) compared to the CN Semiconductor industry average (4.2x).

Future Growth

How is Wuxi NCE Power forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

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

21.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 605111's forecast earnings growth (21.4% per year) is above the savings rate (3.3%).

Earnings vs Market: 605111's earnings (21.4% per year) are forecast to grow slower than the CN market (23.8% per year).

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

Revenue vs Market: 605111's revenue (26.8% per year) is forecast to grow faster than the CN market (17.2% per year).

High Growth Revenue: 605111's revenue (26.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 605111's Return on Equity is forecast to be high in 3 years time (24.9%)

Past Performance

How has Wuxi NCE Power performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

40.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 605111 has a high level of non-cash earnings.

Growing Profit Margin: 605111's current net profit margins (28%) are higher than last year (17.2%).

Past Earnings Growth Analysis

Earnings Trend: 605111's earnings have grown significantly by 40.4% per year over the past 5 years.

Accelerating Growth: 605111's earnings growth over the past year (136%) exceeds its 5-year average (40.4% per year).

Earnings vs Industry: 605111 earnings growth over the past year (136%) exceeded the Semiconductor industry 66.5%.

Return on Equity

High ROE: 605111's Return on Equity (25.3%) is considered high.

Financial Health

How is Wuxi NCE Power's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 605111's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥318.3M).

Long Term Liabilities: 605111's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥32.8M).

Debt to Equity History and Analysis

Debt Level: 605111 is debt free.

Reducing Debt: 605111 had no debt 5 years ago.

Debt Coverage: 605111 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 605111 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Wuxi NCE Power current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.41%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 605111's dividend (0.41%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 605111's dividend (0.41%) is low compared to the top 25% of dividend payers in the CN market (2.11%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether 605111's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 605111's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.2%), 605111's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.4%), 605111's dividend payments are well covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Semiconductors industry.

Management

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

CEO

Wuxi NCE Power 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31