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6882

Beijing Huafeng Test & Control Technology SHSE:688200 Stock Report

Last Price

CN¥457.94

Market Cap

CN¥28.2b

7D

-2.1%

1Y

-4.0%

Updated

16 Aug, 2022

Data

Company Financials +
688200 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends3/6

688200 Stock Overview

Beijing Huafeng Test & Control Technology Co., Ltd.

Beijing Huafeng Test & Control Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Beijing Huafeng Test & Control Technology
Historical stock prices
Current Share PriceCN¥457.94
52 Week HighCN¥658.00
52 Week LowCN¥279.03
Beta1.54
1 Month Change48.37%
3 Month Change17.38%
1 Year Change-4.02%
3 Year Changen/a
5 Year Changen/a
Change since IPO34.68%

Recent News & Updates

Shareholder Returns

688200CN SemiconductorCN Market
7D-2.1%1.5%1.3%
1Y-4.0%-7.4%-9.7%

Return vs Industry: 688200 exceeded the CN Semiconductor industry which returned -7.4% over the past year.

Return vs Market: 688200 exceeded the CN Market which returned -9.7% over the past year.

Price Volatility

Is 688200's price volatile compared to industry and market?
688200 volatility
688200 Average Weekly Movement8.4%
Semiconductor Industry Average Movement7.6%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 688200 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 688200's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
1993388n/ahttps://www.accotest.com

Beijing Huafeng Test & Control Technology Co., Ltd. engages in the research and development, production, and sale of semiconductor automated test systems in China, Taiwan, the United States, Europe, Japan, South Korea, Southeast Asia, and internationally. Its products include STS8200 for use in the testing of analog, hybrid, and power integrated circuits, such as power management, signal chain, smart power modules, third-generation compound semiconductors, GaN, etc.; STS8300 for use in the power management and mixed-signal IC test for pin count, performance, and various stations; and PIM test solution for high-power IGBT/SiC power modules and KGD testing.

Beijing Huafeng Test & Control Technology Fundamentals Summary

How do Beijing Huafeng Test & Control Technology's earnings and revenue compare to its market cap?
688200 fundamental statistics
Market CapCN¥28.18b
Earnings (TTM)CN¥534.16m
Revenue (TTM)CN¥1.02b

52.8x

P/E Ratio

27.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688200 income statement (TTM)
RevenueCN¥1.02b
Cost of RevenueCN¥203.51m
Gross ProfitCN¥818.43m
Other ExpensesCN¥284.27m
EarningsCN¥534.16m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.68
Gross Margin80.09%
Net Profit Margin52.27%
Debt/Equity Ratio0%

How did 688200 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

25%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 688200 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688200?

Other financial metrics that can be useful for relative valuation.

688200 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue25.9x
Enterprise Value/EBITDA45.6x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does 688200's PE Ratio compare to its peers?

688200 PE Ratio vs Peers
The above table shows the PE ratio for 688200 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average77.8x
300861 Yangling Metron New Material
41.4x25.8%CN¥35.5b
688516 Wuxi Autowell TechnologyLtd
67.7x34.7%CN¥35.7b
300604 Hangzhou Changchuan TechnologyLtd
146.7x46.0%CN¥35.9b
605358 Hangzhou Lion ElectronicsLtd
55.5x24.1%CN¥42.3b
688200 Beijing Huafeng Test & Control Technology
52.8x31.4%CN¥28.2b

Price-To-Earnings vs Peers: 688200 is good value based on its Price-To-Earnings Ratio (52.8x) compared to the peer average (77.8x).


Price to Earnings Ratio vs Industry

How does 688200's PE Ratio compare vs other companies in the CN Semiconductor Industry?

Price-To-Earnings vs Industry: 688200 is good value based on its Price-To-Earnings Ratio (52.8x) compared to the CN Semiconductor industry average (60.1x)


Price to Earnings Ratio vs Fair Ratio

What is 688200's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

688200 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.8x
Fair PE Ratio50.6x

Price-To-Earnings vs Fair Ratio: 688200 is expensive based on its Price-To-Earnings Ratio (52.8x) compared to the estimated Fair Price-To-Earnings Ratio (50.6x).


Share Price vs Fair Value

What is the Fair Price of 688200 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688200 (CN¥457.94) is trading above our estimate of fair value (CN¥324.6)

Significantly Below Fair Value: 688200 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Beijing Huafeng Test & Control Technology forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688200's forecast earnings growth (31.4% per year) is above the savings rate (3.2%).

Earnings vs Market: 688200's earnings (31.4% per year) are forecast to grow faster than the CN market (24.6% per year).

High Growth Earnings: 688200's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 688200's revenue (30.9% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 688200's revenue (30.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688200's Return on Equity is forecast to be high in 3 years time (22.5%)


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Past Performance

How has Beijing Huafeng Test & Control Technology 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


49.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 688200 has a high level of non-cash earnings.

Growing Profit Margin: 688200's current net profit margins (52.3%) are higher than last year (44.4%).


Past Earnings Growth Analysis

Earnings Trend: 688200's earnings have grown significantly by 49% per year over the past 5 years.

Accelerating Growth: 688200's earnings growth over the past year (180.9%) exceeds its 5-year average (49% per year).

Earnings vs Industry: 688200 earnings growth over the past year (180.9%) exceeded the Semiconductor industry 64.1%.


Return on Equity

High ROE: 688200's Return on Equity (20.4%) is considered high.


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Financial Health

How is Beijing Huafeng Test & Control Technology'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: 688200's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥325.6M).

Long Term Liabilities: 688200's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥9.0M).


Debt to Equity History and Analysis

Debt Level: 688200 is debt free.

Reducing Debt: 688200 has not had any debt for past 5 years.

Debt Coverage: 688200 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 688200 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Beijing Huafeng Test & Control Technology current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 688200's dividend (0.47%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 688200's dividend (0.47%) is low compared to the top 25% of dividend payers in the CN market (1.88%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 688200 has been paying a dividend for less than 10 years.

Growing Dividend: 688200's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.7%), 688200's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (38%), 688200's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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


CEO

Beijing Huafeng Test & Control Technology 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

Beijing Huafeng Test & Control Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Beijing Huafeng Test & Control Technology Co., Ltd.
  • Ticker: 688200
  • Exchange: SHSE
  • Founded: 1993
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: CN¥28.180b
  • Shares outstanding: 61.54m
  • Website: https://www.accotest.com

Number of Employees


Location

  • Beijing Huafeng Test & Control Technology Co., Ltd.
  • Building 5
  • PARK,NO.9
  • Beijing
  • 100094
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 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.