DB:3GY

Stock Analysis Report

GCL-Poly Energy Holdings

Executive Summary

GCL-Poly Energy Holdings Limited operates as a solar photovoltaic company in the People’s Republic of China and internationally.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has GCL-Poly Energy Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3GY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

3GY

3.6%

DE Semiconductor

2.2%

DE Market


1 Year Return

-55.7%

3GY

-24.4%

DE Semiconductor

-17.2%

DE Market

Return vs Industry: 3GY underperformed the German Semiconductor industry which returned -22.7% over the past year.

Return vs Market: 3GY underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

3GYIndustryMarket
7 Day0%3.6%2.2%
30 Day-39.7%-25.7%-15.7%
90 Day-19.0%-33.4%-24.0%
1 Year-55.7%-55.7%-23.2%-24.4%-14.9%-17.2%
3 Year-78.0%-78.0%-22.6%-25.2%-16.4%-23.3%
5 Year-89.4%-90.2%14.1%8.4%-16.5%-27.8%

Price Volatility Vs. Market

How volatile is GCL-Poly Energy Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GCL-Poly Energy Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3GY (€0.02) is trading below our estimate of fair value (€0.33)

Significantly Below Fair Value: 3GY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3GY is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: 3GY is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3GY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3GY is good value based on its PB Ratio (0.2x) compared to the DE Semiconductor industry average (1.4x).


Next Steps

Future Growth

How is GCL-Poly Energy Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

75.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3GY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

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

High Growth Earnings: 3GY's is expected to become profitable in the next 3 years.

Revenue vs Market: 3GY's revenue (2.5% per year) is forecast to grow slower than the German market (4.1% per year).

High Growth Revenue: 3GY's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3GY's Return on Equity is forecast to be low in 3 years time (2.8%).


Next Steps

Past Performance

How has GCL-Poly Energy Holdings performed over the past 5 years?

-28.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3GY is currently unprofitable.

Growing Profit Margin: 3GY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3GY is unprofitable, and losses have increased over the past 5 years at a rate of -28.5% per year.

Accelerating Growth: Unable to compare 3GY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3GY is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.8%).


Return on Equity

High ROE: 3GY has a negative Return on Equity (-6.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is GCL-Poly Energy Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3GY's short term assets (CN¥27.7B) do not cover its short term liabilities (CN¥51.5B).

Long Term Liabilities: 3GY's short term assets (CN¥27.7B) do not cover its long term liabilities (CN¥35.0B).


Debt to Equity History and Analysis

Debt Level: 3GY's debt to equity ratio (230.7%) is considered high.

Reducing Debt: 3GY's debt to equity ratio has increased from 214.9% to 230.7% over the past 5 years.


Balance Sheet

Inventory Level: 3GY has a high level of physical assets or inventory.

Debt Coverage by Assets: 3GY's debt is not covered by short term assets (assets are 0.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 3GY has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 3GY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is GCL-Poly Energy Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3GY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3GY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3GY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3GY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3GY is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3GY's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

5.2yrs

Average board tenure


CEO

Zhanjun Zhu (49yo)

3.83s

Tenure

CN¥6,342,000

Compensation

Mr. Zhanjun Zhu has been the Chief Executive Officer at GCL-Poly Energy Holdings Ltd. since April 1, 2016 and its Executive President since January 2015. Mr. Zhu served as an Executive President of Solar B ...


CEO Compensation Analysis

Compensation vs Market: Zhanjun's total compensation ($USD895.51K) is below average for companies of similar size in the German market ($USD1.34M).

Compensation vs Earnings: Zhanjun's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Gongshan Zhu
Founder & Chairmanno dataCN¥8.44mno data
Zhanjun Zhu
Executive Director3.83yrsCN¥6.34m0.017% CN¥99.4k
Man Chung Yeung
Company Secretary5.42yrsCN¥7.07mno data
Wei Sun
Executive Director3.42yrsCN¥7.31m0.029% CN¥167.3k
Yufeng Zhu
Executive Director10.42yrsCN¥6.65mno data
Xiongjiu Zheng
Executive Director3.83yrsCN¥4.09m0.0013% CN¥7.3k
Jiang Wenwu
Executive Director3.83yrsCN¥4.64m0.048% CN¥280.6k
Tai Him Yip
Independent Non-Executive Director11yrsCN¥528.00kno data
Chung Tai Ho
Independent Non-Executive Director12.42yrsCN¥702.00kno data
Wenzhong Shen
Independent Non-Executive Director4.67yrsCN¥260.00kno data

5.2yrs

Average Tenure

50.5yo

Average Age

Experienced Board: 3GY's board of directors are considered experienced (5.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

GCL-Poly Energy Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GCL-Poly Energy Holdings Limited
  • Ticker: 3GY
  • Exchange: DB
  • Founded: 2006
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: HK$4.940b
  • Listing Market Cap: HK$579.998m
  • Shares outstanding: 19.84b
  • Website: https://www.gcl-poly.com.hk

Number of Employees


Location

  • GCL-Poly Energy Holdings Limited
  • International Commerce Centre
  • Level 17
  • Kowloon
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3800SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2007
3GYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007
GCPE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007
3800SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2007
3800SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2007

Biography

GCL-Poly Energy Holdings Limited operates as a solar photovoltaic company in the People’s Republic of China and internationally. It operates through three segments: Solar Material Business, Solar Farm Business, and New Energy Business. The Solar Material Business segment primarily manufactures and sells polysilicon raw materials and silicon wafers to companies operating in the solar industry. The Solar Farm Business segment operates and manages 371 megawatts (MW) of solar farms, of which 18 MW solar farms located in the United States and 353 MW solar farms located in the People’s Republic of China. The New Energy Business segment develops, constructs, operates, and manages solar farms. GCL-Poly Energy Holdings Limited was incorporated in 2006 and is based in Kowloon, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 21:45
End of Day Share Price2020/03/31 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.