2056 Stock Overview
Hengdian Group DMEGC Magnetics Co., Ltd manufactures and sells hard ferrite magnets and ferrite cores in China, the European Union, the United States, Japan, South America, Southeast Asia, and internationally.
Hengdian Group DMEGC Magnetics Ltd Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥21.36|
|52 Week High||CN¥28.00|
|52 Week Low||CN¥12.51|
|1 Month Change||-3.35%|
|3 Month Change||-13.17%|
|1 Year Change||55.46%|
|3 Year Change||207.34%|
|5 Year Change||96.32%|
|Change since IPO||957.43%|
Recent News & Updates
|2056||CN Electronic||CN Market|
Return vs Industry: 002056 exceeded the CN Electronic industry which returned -25.7% over the past year.
Return vs Market: 002056 exceeded the CN Market which returned -18.6% over the past year.
|2056 Average Weekly Movement||9.3%|
|Electronic Industry Average Movement||6.6%|
|Market Average Movement||5.8%|
|10% most volatile stocks in CN Market||9.3%|
|10% least volatile stocks in CN Market||3.7%|
Stable Share Price: 002056 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 002056's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.
About the Company
Hengdian Group DMEGC Magnetics Co., Ltd manufactures and sells hard ferrite magnets and ferrite cores in China, the European Union, the United States, Japan, South America, Southeast Asia, and internationally. It offers ferrite magnet products, including ring, segment, microwave oven, square, and isotropic magnets; ferrite cores comprising Mn-Zn ferrite power, Ni-Zn ferrite, Mn-Zn high permeability ferrite, iron powder, and magnetic powder cores; and NdFeB magnets, such as bonded square, segment, and ring magnets. The company also provides motor housing and assembly products consisting of seamless steel tube cutting, rolling steel, and deep drawn motor housings; sintered powder for hard ferrite magnet and bonded powder for hard ferrite; solar cells and modules; and alkaline Zn-Mn dry batteries.
Hengdian Group DMEGC Magnetics Ltd Fundamentals Summary
|2056 fundamental statistics|
Is 2056 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2056 income statement (TTM)|
|Cost of Revenue||CN¥13.58b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.85|
|Net Profit Margin||8.42%|
How did 2056 perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Is 2056 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2056?
Other financial metrics that can be useful for relative valuation.
|What is 2056's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2056's PE Ratio compare to its peers?
|2056 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
603267 Beijing Yuanliu Hongyuan Electronic Technology
600563 Xiamen Faratronic
300408 Chaozhou Three-Circle (Group)Ltd
600183 Shengyi TechnologyLtd
002056 Hengdian Group DMEGC Magnetics Ltd
Price-To-Earnings vs Peers: 002056 is good value based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (28.9x).
Price to Earnings Ratio vs Industry
How does 2056's PE Ratio compare vs other companies in the CN Electronic Industry?
Price-To-Earnings vs Industry: 002056 is good value based on its Price-To-Earnings Ratio (25.2x) compared to the CN Electronic industry average (31.6x)
Price to Earnings Ratio vs Fair Ratio
What is 2056'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||25.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 002056's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2056 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002056 (CN¥21.36) is trading above our estimate of fair value (CN¥4.15)
Significantly Below Fair Value: 002056 is trading above our estimate of fair value.
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.
Discover undervalued companies
How is Hengdian Group DMEGC Magnetics Ltd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 002056's forecast earnings growth is above the savings rate (3.2%).
Earnings vs Market: Insufficient data to determine if 002056's earnings are forecast to grow faster than the CN market
High Growth Earnings: Insufficient data to determine if 002056's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 002056's revenue (24.7% per year) is forecast to grow faster than the CN market (18.2% per year).
High Growth Revenue: 002056's revenue (24.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002056's Return on Equity is forecast to be high in 3 years time (21.2%)
Discover growth companies
How has Hengdian Group DMEGC Magnetics Ltd performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002056 has a high level of non-cash earnings.
Growing Profit Margin: 002056's current net profit margins (8.4%) are lower than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: 002056's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: 002056's earnings growth over the past year (12.8%) is below its 5-year average (18.9% per year).
Earnings vs Industry: 002056 earnings growth over the past year (12.8%) exceeded the Electronic industry 2.2%.
Return on Equity
High ROE: 002056's Return on Equity (19.6%) is considered low.
Discover strong past performing companies
How is Hengdian Group DMEGC Magnetics Ltd's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 002056's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥8.6B).
Long Term Liabilities: 002056's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥202.6M).
Debt to Equity History and Analysis
Debt Level: 002056 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 002056's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 002056's debt is well covered by operating cash flow (80.1%).
Interest Coverage: 002056 earns more interest than it pays, so coverage of interest payments is not a concern.
Discover healthy companies
What is Hengdian Group DMEGC Magnetics Ltd current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002056's dividend (1.13%) is higher than the bottom 25% of dividend payers in the CN market (0.52%).
High Dividend: 002056's dividend (1.13%) is low compared to the top 25% of dividend payers in the CN market (2.1%).
Stability and Growth of Payments
Stable Dividend: 002056's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002056's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.8%), 002056's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (104.4%), 002056's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Hailiang Ren (46 yo)
Mr. Hailiang Ren serves as Non-Independent Director at Hengdian Group DMEGC Magnetics Co.,Ltd since April 2, 2020 and serves as its General Manager. Mr. Ren served as Vice General Manager of Import & Expor...
Experienced Board: 002056's board of directors are considered experienced (5.4 years average tenure).
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 not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Hengdian Group DMEGC Magnetics Co. ,Ltd's employee growth, exchange listings and data sources
- Name: Hengdian Group DMEGC Magnetics Co. ,Ltd
- Ticker: 2056
- Exchange: SZSE
- Founded: 1980
- Industry: Electronic Components
- Sector: Tech
- Implied Market Cap: CN¥34.509b
- Shares outstanding: 1.62b
- Website: https://www.chinadmegc.com
Number of Employees
- Hengdian Group DMEGC Magnetics Co. ,Ltd
- Hengdian Industrial Zone
- Zhejiang Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2056||SZSE (Shenzhen Stock Exchange)||Yes||Domestic Shares||CN||CNY||Aug 2006|
|2056||XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)||Yes||Domestic Shares||CN||CNY||Aug 2006|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 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.