Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥157, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 42x in the Electronic industry in China. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥136 per share. Announcement • Jun 30
Xiamen Faratronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Xiamen Faratronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Price Target Changed • Jun 26
Price target increased by 7.3% to CN¥146 Up from CN¥136, the current price target is an average from 7 analysts. New target price is 23% below last closing price of CN¥189. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥5.72 for next year compared to CN¥5.30 last year. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥143, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 3.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥113 per share. Declared Dividend • Jun 08
Dividend of CN¥2.30 announced Shareholders will receive a dividend of CN¥2.30. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Buy Or Sell Opportunity • May 19
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥148. The fair value is estimated to be CN¥113, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. New Risk • May 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 125% Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥1.19 (up from CN¥1.17 in 1Q 2025). Revenue: CN¥1.28b (up 6.7% from 1Q 2025). Net income: CN¥267.7m (up 1.3% from 1Q 2025). Profit margin: 21% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥6.44b to CN¥6.18b. EPS estimate also fell from CN¥6.36 per share to CN¥5.47 per share. Net income forecast to grow 11% next year vs 49% growth forecast for Electronic industry in China. Consensus price target up from CN¥137 to CN¥140. Share price fell 16% to CN¥119 over the past week. Announcement • Mar 30
Xiamen Faratronic Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Xiamen Faratronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥5.30 (up from CN¥4.62 in FY 2024). Revenue: CN¥5.33b (up 12% from FY 2024). Net income: CN¥1.19b (up 15% from FY 2024). Profit margin: 22% (in line with FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Xiamen Faratronic Co., Ltd., Annual General Meeting, Apr 29, 2026 Xiamen Faratronic Co., Ltd., Annual General Meeting, Apr 29, 2026, at 09:00 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Announcement • Dec 26
Xiamen Faratronic Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Xiamen Faratronic Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥1.42 (up from CN¥1.30 in 3Q 2024). Revenue: CN¥1.44b (up 9.3% from 3Q 2024). Net income: CN¥318.3m (up 8.7% from 3Q 2024). Profit margin: 22% (in line with 3Q 2024). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 28
Price target increased by 8.4% to CN¥146 Up from CN¥134, the current price target is an average from 5 analysts. New target price is 12% above last closing price of CN¥130. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥5.84 for next year compared to CN¥4.62 last year. Announcement • Sep 30
Xiamen Faratronic Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Xiamen Faratronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings: EPS in line with expectations, revenues disappoint Second quarter 2025 results: EPS: CN¥1.36 (up from CN¥1.18 in 2Q 2024). Revenue: CN¥1.30b (up 14% from 2Q 2024). Net income: CN¥305.1m (up 14% from 2Q 2024). Profit margin: 24% (in line with 2Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Xiamen Faratronic Co., Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Xiamen Faratronic Co., Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • Jun 11
Dividend of CN¥2.00 announced Dividend of CN¥2.00 is the same as last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 29
Now 22% overvalued Over the last 90 days, the stock has fallen 15% to CN¥104. The fair value is estimated to be CN¥85.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Reported Earnings • Apr 26
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: CN¥1.17 (up from CN¥0.96 in 1Q 2024). Revenue: CN¥1.20b (up 23% from 1Q 2024). Net income: CN¥264.3m (up 23% from 1Q 2024). Profit margin: 22% (in line with 1Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Xiamen Faratronic Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Xiamen Faratronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 24
Xiamen Faratronic Co., Ltd., Annual General Meeting, Apr 25, 2025 Xiamen Faratronic Co., Ltd., Annual General Meeting, Apr 25, 2025, at 09:00 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Reported Earnings • Mar 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥4.62 (up from CN¥4.55 in FY 2023). Revenue: CN¥4.77b (up 23% from FY 2023). Net income: CN¥1.04b (up 1.5% from FY 2023). Profit margin: 22% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 8.7%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Xiamen Faratronic Co., Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025 Xiamen Faratronic Co., Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥134, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥74.95 per share. Price Target Changed • Nov 05
Price target increased by 8.2% to CN¥129 Up from CN¥119, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥133. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥5.05 for next year compared to CN¥4.55 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: CN¥1.30 (up from CN¥1.00 in 3Q 2023). Revenue: CN¥1.32b (up 47% from 3Q 2023). Net income: CN¥292.8m (up 31% from 3Q 2023). Profit margin: 22% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Xiamen Faratronic Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Xiamen Faratronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥103, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.91 per share. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥85.53, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.82 per share. Reported Earnings • Aug 24
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥1.18 (up from CN¥1.15 in 2Q 2023). Revenue: CN¥1.14b (up 9.1% from 2Q 2023). Net income: CN¥266.4m (up 2.5% from 2Q 2023). Profit margin: 23% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 06
Now 24% overvalued Over the last 90 days, the stock has fallen 8.6% to CN¥87.16. The fair value is estimated to be CN¥70.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Buy Or Sell Opportunity • Jul 01
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to CN¥77.60. The fair value is estimated to be CN¥111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Announcement • Jun 28
Xiamen Faratronic Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Xiamen Faratronic Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Buy Or Sell Opportunity • Jun 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to CN¥79.11. The fair value is estimated to be CN¥102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Declared Dividend • Jun 11
Dividend increased to CN¥2.00 Dividend of CN¥2.00 is 11% higher than last year. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 04
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: CN¥0.96 (down from CN¥1.03 in 1Q 2023). Revenue: CN¥980.3m (up 5.5% from 1Q 2023). Net income: CN¥215.6m (down 6.8% from 1Q 2023). Profit margin: 22% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 01
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥4.65b to CN¥5.00b. EPS estimate fell from CN¥5.41 to CN¥4.86 per share. Net income forecast to grow 6.8% next year vs 58% growth forecast for Electronic industry in China. Consensus price target down from CN¥134 to CN¥130. Share price rose 7.5% to CN¥98.50 over the past week. Announcement • Mar 29
Xiamen Faratronic Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Xiamen Faratronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Major Estimate Revision • Mar 29
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.44b to CN¥4.66b. EPS estimate fell from CN¥6.25 to CN¥5.34 per share. Net income forecast to grow 16% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥140 to CN¥134. Share price fell 3.5% to CN¥98.88 over the past week. Reported Earnings • Mar 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥4.55 (up from CN¥4.47 in FY 2022). Revenue: CN¥3.88b (up 1.1% from FY 2022). Net income: CN¥1.02b (up 1.7% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 23
Xiamen Faratronic Co., Ltd., Annual General Meeting, Apr 29, 2024 Xiamen Faratronic Co., Ltd., Annual General Meeting, Apr 29, 2024, at 09:00 China Standard Time. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥85.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.43 per share. Announcement • Dec 29
Xiamen Faratronic Co., Ltd. to Report Fiscal Year 2023 Results on Mar 23, 2024 Xiamen Faratronic Co., Ltd. announced that they will report fiscal year 2023 results on Mar 23, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥1.00 (down from CN¥1.15 in 3Q 2022). Revenue: CN¥899.7m (down 15% from 3Q 2022). Net income: CN¥223.5m (down 14% from 3Q 2022). Profit margin: 25% (in line with 3Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Nov 01
Price target decreased by 8.9% to CN¥151 Down from CN¥166, the current price target is an average from 6 analysts. New target price is 52% above last closing price of CN¥99.60. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥4.62 for next year compared to CN¥4.47 last year. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.39b to CN¥3.99b. EPS estimate also fell from CN¥5.17 per share to CN¥4.60 per share. Net income forecast to grow 15% next year vs 71% growth forecast for Electronic industry in China. Consensus price target down from CN¥166 to CN¥155. Share price rose 11% to CN¥99.60 over the past week. Price Target Changed • Oct 31
Price target decreased by 7.4% to CN¥160 Down from CN¥173, the current price target is an average from 7 analysts. New target price is 61% above last closing price of CN¥99.81. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥4.62 for next year compared to CN¥4.47 last year. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥104, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Sep 30
Xiamen Faratronic Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Xiamen Faratronic Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Price Target Changed • Aug 30
Price target decreased by 7.0% to CN¥171 Down from CN¥184, the current price target is an average from 6 analysts. New target price is 47% above last closing price of CN¥116. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥4.96 for next year compared to CN¥4.47 last year. Price Target Changed • Aug 28
Price target decreased by 7.9% to CN¥173 Down from CN¥188, the current price target is an average from 6 analysts. New target price is 59% above last closing price of CN¥109. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥5.46 for next year compared to CN¥4.47 last year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥1.15 (vs CN¥1.01 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.15 (up from CN¥1.01 in 2Q 2022). Revenue: CN¥1.04b (up 13% from 2Q 2022). Net income: CN¥259.9m (up 14% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 23% per year. Announcement • Jun 28
Xiamen Faratronic Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Xiamen Faratronic Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • May 02
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: CN¥1.03 (up from CN¥0.91 in 1Q 2022). Revenue: CN¥929.3m (up 11% from 1Q 2022). Net income: CN¥231.2m (up 13% from 1Q 2022). Profit margin: 25% (in line with 1Q 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: CN¥1.15 (up from CN¥0.83 in 3Q 2021). Revenue: CN¥1.05b (up 43% from 3Q 2021). Net income: CN¥259.4m (up 38% from 3Q 2021). Profit margin: 25% (in line with 3Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 20
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CN¥1.01 (up from CN¥0.89 in 2Q 2021). Revenue: CN¥923.1m (up 32% from 2Q 2021). Net income: CN¥227.7m (up 15% from 2Q 2021). Profit margin: 25% (down from 28% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 29%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.91 (up from CN¥0.73 in 1Q 2021). Revenue: CN¥840.1m (up 45% from 1Q 2021). Net income: CN¥204.4m (up 24% from 1Q 2021). Profit margin: 24% (down from 28% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 30%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥165, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 292% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥82.56 per share. Major Estimate Revision • Apr 01
Consensus revenue estimates increase by 10% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥3.42b to CN¥3.77b. EPS estimate increased from CN¥4.39 to CN¥4.50 per share. Net income forecast to grow 22% next year vs 38% growth forecast for Electronic industry in China. Consensus price target of CN¥221 unchanged from last update. Share price rose 9.6% to CN¥201 over the past week. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥3.69 (up from CN¥2.47 in FY 2020). Revenue: CN¥2.81b (up 49% from FY 2020). Net income: CN¥830.6m (up 50% from FY 2020). Profit margin: 30% (in line with FY 2020). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 22%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥257, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 606% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.83 (vs CN¥0.61 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥738.1m (up 48% from 3Q 2020). Net income: CN¥187.8m (up 37% from 3Q 2020). Profit margin: 25% (down from 27% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥167, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 285% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.89 (vs CN¥0.61 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥702.1m (up 43% from 2Q 2020). Net income: CN¥198.2m (up 44% from 2Q 2020). Profit margin: 28% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 30
Price target increased to CN¥151 Up from CN¥124, the current price target is an average from 2 analysts. New target price is 16% below last closing price of CN¥179. Stock is up 196% over the past year. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥182, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 269% over the past three years. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS CN¥0.73 (vs CN¥0.41 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥580.6m (up 68% from 1Q 2020). Net income: CN¥165.4m (up 78% from 1Q 2020). Profit margin: 28% (up from 27% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 14
Price target increased to CN¥124 Up from CN¥112, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥112. Stock is up 134% over the past year. Announcement • Apr 07
Xiamen Faratronic Co., Ltd. Provides Earnings Guidance for the First Quarter of 2021 Xiamen Faratronic Co., Ltd. provided earnings guidance for the first quarter of 2021. For the quarter, the company predicted Performance Increase in firsts quarter of 2021. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥2.47 (vs CN¥2.03 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.89b (up 13% from FY 2019). Net income: CN¥555.6m (up 22% from FY 2019). Profit margin: 29% (up from 27% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 05
Xiamen Faratronic Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Xiamen Faratronic Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥117, the stock is trading at a trailing P/E ratio of 50.9x, up from the previous P/E ratio of 44.2x. This compares to an average P/E of 43x in the Electronic industry in China. Total returns to shareholders over the past three years are 155%. Is New 90 Day High Low • Dec 25
New 90-day high: CN¥104 The company is up 49% from its price of CN¥69.65 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.51 per share. Is New 90 Day High Low • Nov 12
New 90-day high: CN¥100.00 The company is up 48% from its price of CN¥67.50 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥17.15 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥518.9m, up 20% from the prior year. Total revenue was CN¥1.82b over the last 12 months, up 12% from the prior year. Announcement • Oct 29
Xiamen Faratronic Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Xiamen Faratronic Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 27
New 90-day high: CN¥84.91 The company is up 41% from its price of CN¥60.01 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.35 per share.