Nations Technologies (SZSE:300077) - Share price, News & Analysis

300077 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	0/6

300077 Stock Overview

Nations Technologies Inc. provides integrated circuit (IC) products and services in China.

Rewards

Price-To-Earnings ratio (38.5x) is below the Semiconductor industry average (46.5x)

Earnings grew by 138.7% over the past year

Trading at good value vs. peer average Price-To-Earnings ratio

Risk Analysis

High level of non-cash earnings

Nations Technologies Competitors

Dioo Microcircuits Jiangsu

SHSE:688381

CN¥8.2b

Shenzhen Fine Made Electronics Group

SZSE:300671

CN¥8.9b

Macmic Science&TechnologyLtd

SHSE:688711

CN¥7.6b

Shanghai Bright Power Semiconductor

SHSE:688368

CN¥5.6b

Price History & Performance

Summary of all time highs, changes and price drops for Nations Technologies
Historical stock prices
Current Share Price	CN¥13.37
52 Week High	CN¥32.43
52 Week Low	CN¥13.03
Beta	-0.86
1 Month Change	-19.12%
3 Month Change	-24.16%
1 Year Change	-52.44%
3 Year Change	118.11%
5 Year Change	-16.33%
Change since IPO	-57.50%

Shareholder Returns

	300077	CN Semiconductor	CN Market
7D	-6.6%	-3.5%	-1.5%
1Y	-52.4%	-24.0%	-19.2%

Return vs Industry: 300077 underperformed the CN Semiconductor industry which returned -24% over the past year.

Return vs Market: 300077 underperformed the CN Market which returned -19.2% over the past year.

Price Volatility

Is 300077's price volatile compared to industry and market?
300077 volatility
300077 Average Weekly Movement	5.4%
Semiconductor Industry Average Movement	7.5%
Market Average Movement	5.8%
10% most volatile stocks in CN Market	9.2%
10% least volatile stocks in CN Market	3.8%

Stable Share Price: 300077 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 300077's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	1,060	n/a	https://www.nationstech.com/en/

Nations Technologies Inc. provides integrated circuit (IC) products and services in China. It offers cyber security authentication, smart card, trusted computing, low-power consumption Bluetooth, and contactless IC. The company also provides MCU, RCC, and mobile security innovation products, as well as corresponding solutions.

Nations Technologies Fundamentals Summary

How do Nations Technologies's earnings and revenue compare to its market cap?
300077 fundamental statistics
Market Cap	CN¥7.96b
Earnings (TTM)	CN¥207.11m
Revenue (TTM)	CN¥1.37b

38.5x

P/E Ratio

5.8x

P/S Ratio

Is 300077 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
300077 income statement (TTM)
Revenue	CN¥1.37b
Cost of Revenue	CN¥734.41m
Gross Profit	CN¥639.56m
Other Expenses	CN¥432.45m
Earnings	CN¥207.11m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.35
Gross Margin	46.55%
Net Profit Margin	15.07%
Debt/Equity Ratio	35.5%

How did 300077 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 300077 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 300077?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 300077. This is calculated by dividing 300077's market cap by their current preferred multiple.
What is 300077's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥7.96b

300077 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/Revenue	5.9x
Enterprise Value/EBITDA	53.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 300077's PE Ratio compare to its peers?

300077 PE Ratio vs Peers

The above table shows the PE ratio for 300077 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	55.6x
688381 Dioo Microcircuits Jiangsu	49.6x	n/a	CN¥8.2b
300671 Shenzhen Fine Made Electronics Group	42.7x	n/a	CN¥8.9b
688711 Macmic Science&TechnologyLtd	110.2x	49.5%	CN¥7.6b
688368 Shanghai Bright Power Semiconductor	19.9x	32.8%	CN¥5.6b
300077 Nations Technologies	38.5x	n/a	CN¥8.0b

Price-To-Earnings vs Peers: 300077 is good value based on its Price-To-Earnings Ratio (38.5x) compared to the peer average (55.6x).

Price to Earnings Ratio vs Industry

How does 300077's PE Ratio compare vs other companies in the CN Semiconductor Industry?

Price-To-Earnings vs Industry: 300077 is good value based on its Price-To-Earnings Ratio (38.5x) compared to the CN Semiconductor industry average (46.5x)

Price to Earnings Ratio vs Fair Ratio

What is 300077'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.

300077 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	38.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 300077's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 300077 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 300077's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 300077's fair value for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Nations Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

31.1%

Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nations Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Examine Nations Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Nations Technologies 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

38.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300077 has a high level of non-cash earnings.

Growing Profit Margin: 300077's current net profit margins (15.1%) are lower than last year (17.7%).

Past Earnings Growth Analysis

Earnings Trend: 300077 has become profitable over the past 5 years, growing earnings by 38.4% per year.

Accelerating Growth: 300077's earnings growth over the past year (138.7%) exceeds its 5-year average (38.4% per year).

Earnings vs Industry: 300077 earnings growth over the past year (138.7%) exceeded the Semiconductor industry 37.1%.

Return on Equity

High ROE: 300077's Return on Equity (11.9%) is considered low.

Discover strong past performing companies

Financial Health

How is Nations Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

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

Financial Position Analysis

Short Term Liabilities: 300077's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 300077's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥399.7M).

Debt to Equity History and Analysis

Debt Level: 300077 has more cash than its total debt.

Reducing Debt: 300077's debt to equity ratio has increased from 0.6% to 35.5% over the past 5 years.

Debt Coverage: 300077's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 300077's interest payments on its debt are well covered by EBIT (4.3x coverage).

Balance Sheet

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Dividend

What is Nations Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Nations Technologies Dividend Yield vs Market

How does Nations Technologies dividend yield compare to the market?
Segment	Dividend Yield
Company (Nations Technologies)	0%
Market Bottom 25% (CN)	0.5%
Market Top 25% (CN)	2.2%
Industry Average (Semiconductor)	0.5%
Analyst forecast in 3 Years (Nations Technologies)	n/a

Notable Dividend: Unable to evaluate 300077's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 300077's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 300077's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 300077's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 300077 is not paying a notable dividend for the CN market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 300077 has not reported any payouts.

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Management

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

4.0yrs

Average management tenure

CEO

Nations Technologies has no CEO, or we have no data on them.

Leadership Team

Experienced Management: 300077's management team is considered experienced (4 years average tenure).

Board Members

Experienced Board: 300077's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

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

What is the ownership structure of 300077?
Owner Type	Number of Shares	Ownership Percentage
Institutions	45,204,477	7.6%
Individual Insiders	45,332,500	7.6%
General Public	505,119,023	84.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 15.18% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
3.73%	Yingtong Sun	22,244,400	CN¥297.4m	0%	no data
2.34%	China Asset Management Co., Ltd.	13,936,456	CN¥186.3m	0%	0.06%
1.84%	National Council for Social Security Fund	10,980,111	CN¥146.8m	0%	0.03%
1.51%	Yi Qian Liu	8,992,800	CN¥120.2m	0%	no data
1.06%	China Universal Asset Management Company Ltd.	6,334,100	CN¥84.7m	0%	0.04%
0.93%	Yunbo Yu	5,525,000	CN¥73.9m	-4.93%	no data
0.84%	CPIC Fund Management Co., Ltd.	4,993,375	CN¥66.8m	0.63%	0.39%
0.76%	Xueliang Huang	4,554,300	CN¥60.9m	0%	no data
0.52%	China International Capital Corporation Hong Kong Asset Management Limited	3,068,564	CN¥41.0m	0%	0.29%
0.36%	Harvest Fund Management Co., Ltd.	2,157,695	CN¥28.8m	0%	0.01%
0.18%	Bosera Asset Management Co., Ltd.	1,065,600	CN¥14.2m	0%	0.01%
0.15%	Deyin Xiao	900,000	CN¥12.0m	0%	no data
0.15%	Jie Liang	900,000	CN¥12.0m	0%	no data
0.13%	Yulun Kan	800,000	CN¥10.7m	0%	no data
0.12%	Hui Xu	700,000	CN¥9.4m	0%	no data
0.12%	Yantao Ye	700,000	CN¥9.4m	0%	no data
0.088%	The Vanguard Group, Inc.	521,400	CN¥7.0m	0%	no data
0.083%	First State Cinda Fund Management Co. Ltd.	494,296	CN¥6.6m	0%	0.02%
0.071%	Huashang Fund Management Company Ltd.	420,600	CN¥5.6m	0%	0.02%
0.043%	Hwabao WP Fund Management Co., Ltd	255,800	CN¥3.4m	0%	0.01%
0.035%	CITIC-Prudential Fund Management Company Ltd	207,000	CN¥2.8m	0%	0.01%
0.034%	CR Yuanta Fund Management Co.,Ltd	200,965	CN¥2.7m	0%	0.33%
0.03%	Essence Fund Management Co., Ltd	177,800	CN¥2.4m	0%	0.01%
0.028%	Galaxy Asset Management Company Limited	165,100	CN¥2.2m	0%	0.01%
0.024%	GF Fund Management Co., Ltd.	140,100	CN¥1.9m	0%	no data

Ticker	Exchange	Primary Security	Security Type	Country	Currency	Listed on
300077	SZSE (Shenzhen Stock Exchange)	Yes	Domestic Shares	CN	CNY	Apr 2010
300077	XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)	Yes	Domestic Shares	CN	CNY	Apr 2010

Data	Last Updated (UTC time)
Company Analysis	2022/10/04 00:00
End of Day Share Price	2022/09/30 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31