2459 Stock Overview
JA Solar Technology Co., Ltd. designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies.
JA Solar Technology Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥81.80|
|52 Week High||CN¥82.60|
|52 Week Low||CN¥30.00|
|1 Month Change||24.34%|
|3 Month Change||45.55%|
|1 Year Change||133.71%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||915.25%|
Recent News & Updates
|2459||CN Semiconductor||CN Market|
Return vs Industry: 002459 exceeded the CN Semiconductor industry which returned -3% over the past year.
Return vs Market: 002459 exceeded the CN Market which returned -8.8% over the past year.
|2459 Average Weekly Movement||7.8%|
|Semiconductor Industry Average Movement||8.1%|
|Market Average Movement||7.2%|
|10% most volatile stocks in CN Market||10.1%|
|10% least volatile stocks in CN Market||5.1%|
Stable Share Price: 002459 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 002459's weekly volatility (8%) has been stable over the past year.
About the Company
JA Solar Technology Co., Ltd. designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies. The company was founded in 2005 and is based in Xingtai, China. JA Solar Technology Co., Ltd.
JA Solar Technology Fundamentals Summary
|2459 fundamental statistics|
Is 2459 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2459 income statement (TTM)|
|Cost of Revenue||CN¥39.55b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.12|
|Net Profit Margin||5.64%|
How did 2459 perform over the long term?See historical performance and comparison
0.1%Current Dividend Yield
Is 2459 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2459?
Other financial metrics that can be useful for relative valuation.
|What is 2459's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2459's PE Ratio compare to its peers?
|2459 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
603501 Will Semiconductor
688599 Trina Solar
688223 Jinko Solar
002049 Unigroup Guoxin Microelectronics
002459 JA Solar Technology
Price-To-Earnings vs Peers: 002459 is good value based on its Price-To-Earnings Ratio (73x) compared to the peer average (73.3x).
Price to Earnings Ratio vs Industry
How does 2459's PE Ratio compare vs other companies in the CN Semiconductor Industry?
Price-To-Earnings vs Industry: 002459 is expensive based on its Price-To-Earnings Ratio (73x) compared to the CN Semiconductor industry average (55.2x)
Price to Earnings Ratio vs Fair Ratio
What is 2459'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.
|Current PE Ratio||73x|
|Fair PE Ratio||61.5x|
Price-To-Earnings vs Fair Ratio: 002459 is expensive based on its Price-To-Earnings Ratio (73x) compared to the estimated Fair Price-To-Earnings Ratio (61.5x).
Share Price vs Fair Value
What is the Fair Price of 2459 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002459 (CN¥81.8) is trading above our estimate of fair value (CN¥12.11)
Significantly Below Fair Value: 002459 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: 002459 is poor value based on its PEG Ratio (2.6x)
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How is JA Solar Technology forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002459's forecast earnings growth (27.9% per year) is above the savings rate (3.3%).
Earnings vs Market: 002459's earnings (27.9% per year) are forecast to grow faster than the CN market (24% per year).
High Growth Earnings: 002459's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 002459's revenue (17.8% per year) is forecast to grow faster than the CN market (17.5% per year).
High Growth Revenue: 002459's revenue (17.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002459's Return on Equity is forecast to be high in 3 years time (23.7%)
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How has JA Solar Technology performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002459 has a high level of non-cash earnings.
Growing Profit Margin: 002459's current net profit margins (5.6%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: 002459's earnings have grown significantly by 32.7% per year over the past 5 years.
Accelerating Growth: 002459's earnings growth over the past year (91%) exceeds its 5-year average (32.7% per year).
Earnings vs Industry: 002459 earnings growth over the past year (91%) exceeded the Semiconductor industry 68.3%.
Return on Equity
High ROE: 002459's Return on Equity (15%) is considered low.
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How is JA Solar Technology's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 002459's short term assets (CN¥36.2B) do not cover its short term liabilities (CN¥38.2B).
Long Term Liabilities: 002459's short term assets (CN¥36.2B) exceed its long term liabilities (CN¥7.8B).
Debt to Equity History and Analysis
Debt Level: 002459's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: 002459's debt to equity ratio has reduced from 90.4% to 80.6% over the past 5 years.
Debt Coverage: 002459's debt is well covered by operating cash flow (20%).
Interest Coverage: 002459 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is JA Solar Technology current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002459's dividend (0.13%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.47%).
High Dividend: 002459's dividend (0.13%) is low compared to the top 25% of dividend payers in the CN market (1.93%).
Stability and Growth of Payments
Stable Dividend: 002459 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.
Growing Dividend: 002459 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: 002459 is not paying a notable dividend for the CN market.
Cash Payout to Shareholders
Cash Flow Coverage: 002459 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Baofang Jin (70 yo)
Mr. Baofang Jin serves as Non-Independent Director at JA Solar Technology Co., Ltd. since Decenber 05, 2019 and serves as its Chief Executive Officer. He serves as Co- Founder at JA Solar Holdings Co., Ltd...
Experienced Board: 002459's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.
JA Solar Technology Co., Ltd.'s employee growth, exchange listings and data sources
- Name: JA Solar Technology Co., Ltd.
- Ticker: 2459
- Exchange: SZSE
- Founded: 2005
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: CN¥192.063b
- Shares outstanding: 2.35b
- Website: https://www.jasolar.com
Number of Employees
- JA Solar Technology Co., Ltd.
- Jinglong Industry Park, Jinglong Street
- Hebei Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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.