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Market Cap

CN¥45.6b

Last Updated

2021/04/10 10:39 UTC

Data Sources

Company Financials +

Executive Summary

JA Solar Technology Co., Ltd. designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

How has JA Solar Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002459 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 002459's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.9%

2459

-2.2%

CN Semiconductor

-1.1%

CN Market


1 Year Return

n/a

2459

40.5%

CN Semiconductor

28.4%

CN Market

Return vs Industry: Insufficient data to determine how 002459 performed against the CN Semiconductor industry.

Return vs Market: Insufficient data to determine how 002459 performed against the CN Market.


Shareholder returns

2459IndustryMarket
7 Day-3.9%-2.2%-1.1%
30 Day1.5%0.2%1.0%
90 Day-24.6%-13.6%-5.8%
1 Yearn/a40.9%40.5%30.4%28.4%
3 Yearn/a100.3%93.1%25.9%19.9%
5 Yearn/a121.3%112.2%23.6%15.5%

Long-Term Price Volatility Vs. Market

How volatile is JA Solar Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is JA Solar Technology undervalued compared to its fair value and its price relative to the market?

26.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002459 (CN¥28.61) is trading above our estimate of fair value (CN¥2.55)

Significantly Below Fair Value: 002459 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002459 is good value based on its PE Ratio (26.2x) compared to the CN Semiconductor industry average (65.5x).

PE vs Market: 002459 is good value based on its PE Ratio (26.2x) compared to the CN market (33.9x).


Price to Earnings Growth Ratio

PEG Ratio: 002459 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 002459 is good value based on its PB Ratio (3.1x) compared to the CN Semiconductor industry average (5.2x).


Future Growth

How is JA Solar Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

27.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002459's forecast earnings growth (27.5% per year) is above the savings rate (3.3%).

Earnings vs Market: 002459's earnings (27.5% per year) are forecast to grow faster than the CN market (23.4% per year).

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

Revenue vs Market: 002459's revenue (22.1% per year) is forecast to grow faster than the CN market (17.9% per year).

High Growth Revenue: 002459's revenue (22.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002459's Return on Equity is forecast to be low in 3 years time (14.1%).


Past Performance

How has JA Solar Technology performed over the past 5 years?

32.6%

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 (5.8%) are lower than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: 002459's earnings have grown significantly by 32.6% per year over the past 5 years.

Accelerating Growth: 002459's earnings growth over the past year (20.1%) is below its 5-year average (32.6% per year).

Earnings vs Industry: 002459 earnings growth over the past year (20.1%) underperformed the Semiconductor industry 37.5%.


Return on Equity

High ROE: 002459's Return on Equity (10.4%) is considered low.


Financial Health

How is JA Solar Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 002459's short term assets (CN¥21.5B) exceed its short term liabilities (CN¥18.6B).

Long Term Liabilities: 002459's short term assets (CN¥21.5B) exceed its long term liabilities (CN¥3.9B).


Debt to Equity History and Analysis

Debt Level: 002459's debt to equity ratio (39.8%) is considered satisfactory.

Reducing Debt: 002459's debt to equity ratio has reduced from 76.9% to 39.8% over the past 5 years.

Debt Coverage: 002459's debt is well covered by operating cash flow (38.3%).

Interest Coverage: 002459's interest payments on its debt are well covered by EBIT (14.2x coverage).


Balance Sheet


Dividend

What is JA Solar Technology current dividend yield, its reliability and sustainability?

0.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002459's dividend (0.7%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 002459's dividend (0.7%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 002459's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 002459's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.3%), 002459's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

JA Solar 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 been diluted in the past year, with total shares outstanding growing by 18.9%.


Top Shareholders

Company Information

JA Solar Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JA Solar Technology Co., Ltd.
  • Ticker: 2459
  • Exchange: XSEC
  • Founded: 2005
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CN¥45.642b
  • Shares outstanding: 1.60b
  • Website: https://www.jasolar.com

Number of Employees


Location

  • JA Solar Technology Co., Ltd.
  • Jinglong Industry Park, Jinglong Street
  • Ningjin
  • Xingtai
  • Hebei Province
  • 55550
  • China

Listings


Biography

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 S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 10:39
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.