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3004

Lens Technology SZSE:300433 Stock Report

Last Price

CN¥9.23

Market Cap

CN¥45.5b

7D

0.1%

1Y

-55.9%

Updated

06 Oct, 2022

Data

Company Financials +
300433 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends1/6

300433 Stock Overview

Lens Technology Co., Ltd. researches, develops, manufactures, and sells window touch protective glass panels, touch modules, and window touch protection new materials.

Lens Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lens Technology
Historical stock prices
Current Share PriceCN¥9.23
52 Week HighCN¥25.40
52 Week LowCN¥8.87
Beta1.29
1 Month Change-16.32%
3 Month Change-19.74%
1 Year Change-55.88%
3 Year Change-21.25%
5 Year Change-51.44%
Change since IPO50.53%

Recent News & Updates

Shareholder Returns

300433CN ElectronicCN Market
7D0.1%-1.8%-1.1%
1Y-55.9%-27.3%-19.2%

Return vs Industry: 300433 underperformed the CN Electronic industry which returned -27.3% over the past year.

Return vs Market: 300433 underperformed the CN Market which returned -19.2% over the past year.

Price Volatility

Is 300433's price volatile compared to industry and market?
300433 volatility
300433 Average Weekly Movement5.8%
Electronic Industry Average Movement6.5%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 300433 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 300433's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993156,880Qun Zhouhttps://www.hnlens.com

Lens Technology Co., Ltd. researches, develops, manufactures, and sells window touch protective glass panels, touch modules, and window touch protection new materials. It offers window protection glass, touch screen monomers, touch screen modules, camera modules, fingerprint modules, cameras, buttons, ceramics, metal accessories, etc. The company’s products are used in mobile phones, tablets, laptops, TVs, digital cameras, players, GPS navigators, car meters, smart homes, medical equipment, etc. Lens Technology Co., Ltd. was founded in 1993 and is based in Changsha, China.

Lens Technology Fundamentals Summary

How do Lens Technology's earnings and revenue compare to its market cap?
300433 fundamental statistics
Market CapCN¥45.51b
Earnings (TTM)-CN¥542.66m
Revenue (TTM)CN¥43.06b

1.1x

P/S Ratio

-83.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300433 income statement (TTM)
RevenueCN¥43.06b
Cost of RevenueCN¥36.85b
Gross ProfitCN¥6.21b
Other ExpensesCN¥6.75b
Earnings-CN¥542.66m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.11
Gross Margin14.42%
Net Profit Margin-1.26%
Debt/Equity Ratio48.7%

How did 300433 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

-91%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 300433 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 300433?

Other financial metrics that can be useful for relative valuation.

300433 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/Revenue1.3x
Enterprise Value/EBITDA20.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 300433's PS Ratio compare to its peers?

300433 PS Ratio vs Peers
The above table shows the PS ratio for 300433 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.7x
002384 Suzhou Dongshan Precision Manufacturing
1.2x13.2%CN¥39.6b
002916 Shennan Circuit
2.6x16.0%CN¥38.8b
002841 Guangzhou Shiyuan Electronic Technology
1.9x14.7%CN¥41.6b
000733 China Zhenhua (Group) Science & Technology
9x24.1%CN¥60.1b
300433 Lens Technology
1.1x16.2%CN¥45.5b

Price-To-Sales vs Peers: 300433 is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (3.7x).


Price to Earnings Ratio vs Industry

How does 300433's PE Ratio compare vs other companies in the CN Electronic Industry?

Price-To-Sales vs Industry: 300433 is good value based on its Price-To-Sales Ratio (1.1x) compared to the CN Electronic industry average (3.4x)


Price to Sales Ratio vs Fair Ratio

What is 300433's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

300433 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: 300433 is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (2x).


Share Price vs Fair Value

What is the Fair Price of 300433 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300433 (CN¥9.23) is trading below our estimate of fair value (CN¥20.68)

Significantly Below Fair Value: 300433 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Lens Technology forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300433 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.2%).

Earnings vs Market: 300433 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 300433 is expected to become profitable in the next 3 years.

Revenue vs Market: 300433's revenue (16.2% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 300433's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300433's Return on Equity is forecast to be low in 3 years time (8.8%).


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Past Performance

How has Lens Technology performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300433 is currently unprofitable.

Growing Profit Margin: 300433 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 300433 is unprofitable, but has reduced losses over the past 5 years at a rate of 14.9% per year.

Accelerating Growth: Unable to compare 300433's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 300433 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (2.6%).


Return on Equity

High ROE: 300433 has a negative Return on Equity (-1.13%), as it is currently unprofitable.


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Financial Health

How is Lens Technology'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: 300433's short term assets (CN¥25.4B) exceed its short term liabilities (CN¥18.1B).

Long Term Liabilities: 300433's short term assets (CN¥25.4B) exceed its long term liabilities (CN¥14.7B).


Debt to Equity History and Analysis

Debt Level: 300433's net debt to equity ratio (23.9%) is considered satisfactory.

Reducing Debt: 300433's debt to equity ratio has reduced from 54.7% to 48.7% over the past 5 years.

Debt Coverage: 300433's debt is well covered by operating cash flow (30.4%).

Interest Coverage: Insufficient data to determine if 300433's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

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

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.08%

Current Dividend Yield

Dividend Yield vs Market

Lens Technology Dividend Yield vs Market
How does Lens Technology dividend yield compare to the market?
SegmentDividend Yield
Company (Lens Technology)1.1%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.2%
Industry Average (Electronic)1.7%
Analyst forecast in 3 Years (Lens Technology)1.4%

Notable Dividend: 300433's dividend (1.08%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 300433's dividend (1.08%) is low compared to the top 25% of dividend payers in the CN market (2.16%).


Stability and Growth of Payments

Stable Dividend: 300433 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 300433 has only been paying a dividend for 7 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: 300433 is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: 300433 is paying a dividend but the company has no free cash flows.


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Management

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

1.3yrs

Average board tenure


CEO

Qun Zhou (52 yo)

no data

Tenure

CN¥5,000,000

Compensation

Ms. Qun Fei Zhou is the Co-Owner of Changsha Qunxin Investment Consulting Co., Ltd. Ms. Zhou has been Chairman and General Manager of Hunan Sanwei Glass Technology Co., Ltd. since December 2010.Ms. Zhou s...


Board Members

Experienced Board: 300433's board of directors are not considered experienced ( 1.3 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 300433?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders11,158,6540.2%
Institutions672,383,26413.6%
General Public1,139,151,48423.1%
Private Companies3,108,258,70363.0%

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


Top Shareholders

Top 25 shareholders own 73.1% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
56.88%
Lens Technology (Hong Kong) Co., Ltd.
2,804,509,821CN¥25.9b0%no data
5.84%
Changsha Qunxin Investment Consulting Co., Ltd.
288,025,612CN¥2.7b0%no data
3.99%
Hunan Shengzhong Private Equity Fund Management Co., Ltd.
196,540,880CN¥1.8b0%no data
0.91%
Nuode Asset Management Co., Ltd.
44,811,320CN¥413.6m0%4.62%
0.8%
Rosefinch Fund Management Co., Ltd.
39,308,176CN¥362.8m0%2.15%
0.64%
Hunan Chasing Fund Management Co., Ltd
31,446,540CN¥290.3m0%14.83%
0.48%
China Asset Management Co., Ltd.
23,675,960CN¥218.5m0%0.07%
0.41%
Norges Bank Investment Management
20,349,860CN¥187.8m0%no data
0.4%
China Merchants Securities Asset Management Co., Ltd.
19,788,847CN¥182.7m0%7.52%
0.39%
GIC Private Limited
18,985,770CN¥175.2m-26.79%0.04%
0.38%
Chengtong Fund Management Co., Ltd.
18,630,667CN¥172.0m0%0.62%
0.38%
E Fund Management Co., Ltd.
18,521,342CN¥171.0m0%0.04%
0.22%
BlackRock, Inc.
10,782,575CN¥99.5m0.44%no data
0.21%
CPP Investments
10,491,970CN¥96.8m0%0.02%
0.19%
Tianhong Asset Management Co., Ltd.
9,330,703CN¥86.1m0%0.12%
0.18%
Ping An Fund Management Co., Ltd.
9,033,407CN¥83.4m0%0.3%
0.14%
Hua An Fund Management Co., Ltd.
6,727,956CN¥62.1m0%0.05%
0.1%
Huatai-PineBridge Fund Management Company Limited
5,151,806CN¥47.6m0%0.05%
0.097%
China Southern Asset Management Co., Ltd.
4,790,205CN¥44.2m0%0.02%
0.095%
Principal Global Investors, LLC
4,675,119CN¥43.2m0%no data
0.092%
Baring Asset Management Limited
4,557,501CN¥42.1m0%0.08%
0.085%
Harvest Fund Management Co., Ltd.
4,183,700CN¥38.6m-0.05%0.02%
0.083%
Yinhua Fund Management Co. Ltd.
4,111,841CN¥38.0m0%0.03%
0.068%
Jun Long Zheng
3,347,879CN¥30.9m0%no data
0.06%
Fullgoal Fund Management Co., Ltd.
2,977,633CN¥27.5m0%0.01%

Company Information

Lens Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lens Technology Co., Ltd.
  • Ticker: 300433
  • Exchange: SZSE
  • Founded: 1993
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: CN¥45.513b
  • Shares outstanding: 4.93b
  • Website: https://www.hnlens.com

Number of Employees


Location

  • Lens Technology Co., Ltd.
  • Lens Technology Park
  • National Biological Industry Base
  • Changsha
  • Hunan Province
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
300433SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYMar 2015
300433XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYMar 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.