Shenzhen Jufei Optoelectronics (XSEC:300303) - Share price, News & Analysis

300303 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	1/6
Financial Health	5/6
Dividends	5/6

300303 Stock Overview

Shenzhen Jufei Optoelectronics Co., Ltd. engages in the research and development, manufacture, marketing, and sale of SMD LED devices in China, South Korea, Japan, India, Turkey, and internationally.

Rewards

Trading at 6.5% below our estimate of its fair value

Earnings are forecast to grow 29.35% per year

Risk Analysis

Unstable dividend track record

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Shenzhen Jufei Optoelectronics Competitors

Shenzhen Changfang Group

SZSE:300301

CN¥1.7b

Samsung Electronics

KOSE:A005930

₩435.8t

Nichias

TSE:5393

JP¥148.3b

Everlight Electronics

TWSE:2393

NT$19.1b

Price History & Performance

Summary of all time highs, changes and price drops for Shenzhen Jufei Optoelectronics
Historical stock prices
Current Share Price	CN¥3.73
52 Week High	CN¥9.33
52 Week Low	CN¥3.72
Beta	0.76
1 Month Change	-24.80%
3 Month Change	-28.68%
1 Year Change	-22.13%
3 Year Change	-3.37%
5 Year Change	-20.36%
Change since IPO	-26.86%

Shareholder Returns

	300303	CN Semiconductor	CN Market
7D	-15.0%	-15.4%	-12.0%
1Y	-22.1%	-8.1%	-21.2%

Return vs Industry: 300303 underperformed the CN Semiconductor industry which returned -8.1% over the past year.

Return vs Market: 300303 matched the CN Market which returned -21.2% over the past year.

Price Volatility

Is 300303's price volatile compared to industry and market?
300303 volatility
300303 Average Weekly Movement	5.4%
Semiconductor Industry Average Movement	7.3%
Market Average Movement	6.8%
10% most volatile stocks in CN Market	9.9%
10% least volatile stocks in CN Market	4.9%

Stable Share Price: 300303 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 300303's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	2,251	Siqing Gao	https://www.jfled.com

Shenzhen Jufei Optoelectronics Co., Ltd. engages in the research and development, manufacture, marketing, and sale of SMD LED devices in China, South Korea, Japan, India, Turkey, and internationally. The company offers backlight LED devices, lighting LED, LB, display LED, automotive LED, Nixie tube LED, and flat LED devices, as well as backlight LED modules, opto semiconductors, optical film, and TO-CAN products. Its products are used in various applications, such as mobile communications, liquid crystal display, lighting, automotive electronics and lighting, screen displays, Nixie tube, and other electrical appliances.

Shenzhen Jufei Optoelectronics Fundamentals Summary

How do Shenzhen Jufei Optoelectronics's earnings and revenue compare to its market cap?
300303 fundamental statistics
Market Cap	CN¥4.93b
Earnings (TTM)	CN¥268.14m
Revenue (TTM)	CN¥2.33b

18.4x

P/E Ratio

2.1x

P/S Ratio

Is 300303 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
300303 income statement (TTM)
Revenue	CN¥2.33b
Cost of Revenue	CN¥1.82b
Gross Profit	CN¥512.97m
Other Expenses	CN¥244.84m
Earnings	CN¥268.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.20
Gross Margin	22.03%
Net Profit Margin	11.52%
Debt/Equity Ratio	17.2%

How did 300303 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is Shenzhen Jufei Optoelectronics undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

6.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 300303 (CN¥3.73) is trading below our estimate of fair value (CN¥3.99)

Significantly Below Fair Value: 300303 is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: 300303 is good value based on its PE Ratio (18.4x) compared to the CN Semiconductor industry average (40.1x).

PE vs Market: 300303 is good value based on its PE Ratio (18.4x) compared to the CN market (26.2x).

Price to Earnings Growth Ratio

PEG Ratio: 300303 is good value based on its PEG Ratio (0.6x)

Price to Book Ratio

PB vs Industry: 300303 is good value based on its PB Ratio (1.7x) compared to the CN Semiconductor industry average (4.1x).

Future Growth

How is Shenzhen Jufei Optoelectronics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

29.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300303's forecast earnings growth (29.3% per year) is above the savings rate (3.3%).

Earnings vs Market: 300303's earnings (29.3% per year) are forecast to grow faster than the CN market (22.9% per year).

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

Revenue vs Market: 300303's revenue (20.8% per year) is forecast to grow faster than the CN market (17% per year).

High Growth Revenue: 300303's revenue (20.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 300303's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Shenzhen Jufei Optoelectronics performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

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

20.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300303 has a large one-off gain of CN¥76.4M impacting its March 31 2022 financial results.

Growing Profit Margin: 300303's current net profit margins (11.5%) are lower than last year (12.4%).

Past Earnings Growth Analysis

Earnings Trend: 300303's earnings have grown significantly by 20.8% per year over the past 5 years.

Accelerating Growth: 300303's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 300303 had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Semiconductor industry average (82.8%).

Return on Equity

High ROE: 300303's Return on Equity (9.4%) is considered low.

Financial Health

How is Shenzhen Jufei Optoelectronics's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

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

Financial Position Analysis

Short Term Liabilities: 300303's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.6B).

Long Term Liabilities: 300303's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥457.6M).

Debt to Equity History and Analysis

Debt Level: 300303 has more cash than its total debt.

Reducing Debt: 300303's debt to equity ratio has increased from 2.4% to 17.2% over the past 5 years.

Debt Coverage: 300303's debt is well covered by operating cash flow (112.4%).

Interest Coverage: 300303 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Shenzhen Jufei Optoelectronics's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

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

2.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300303's dividend (2.68%) is higher than the bottom 25% of dividend payers in the CN market (0.63%).

High Dividend: 300303's dividend (2.68%) is in the top 25% of dividend payers in the CN market (2.41%)

Stability and Growth of Payments

Stable Dividend: 300303's dividend payments have been volatile in the past 10 years.

Growing Dividend: 300303's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.4%), 300303's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39.3%), 300303'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?

3.6yrs

Average board tenure

CEO

Siqing Gao (57 yo)

3.92yrs

Tenure

Mr. Siqing Gao serves as Vice Chairman at Shenzhen Jufei Optoelectronics Co., Ltd. since May 11, 2016 and is its General Manager since May 16, 2018.

Board Members

Experienced Board: 300303's board of directors are considered experienced (3.6 years average tenure).

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 3.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/04/27 00:00
End of Day Share Price	2022/04/26 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31