How does 3GY's PS Ratio compare to its peers?

3GY is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (1.5x).

How does 3GY's PS Ratio compare vs other companies in the DE Semiconductor Industry?

3GY is good value based on its Price-To-Sales Ratio (1.5x) compared to the European Semiconductor industry average (1.7x).

What is 3GY'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.

3GY is expensive based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

What is the Fair Price of 3GY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3GY (€0.15) is trading below our estimate of [[fair value]] (€2.37)

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

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

GCL Technology Holdings (DB:3GY) - Stock Price, News & Analysis

3GY Stock Overview

Manufactures and sells polysilicon and wafers products in the People’s Republic of China and internationally. More details

3GY fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 93.8% below our estimate of its fair value

Earnings are forecast to grow 82.05% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

GCL Technology Holdings Limited Competitors

AIXTRON

XTRA:AIXA

€1.5b

Siltronic

XTRA:WAF

€1.4b

SÜSS MicroTec

XTRA:SMHN

€924.2m

SMA Solar Technology

XTRA:S92

€411.5m

Price History & Performance

Summary of all time highs, changes and price drops for GCL Technology Holdings
Historical stock prices
Current Share Price	HK$0.15
52 Week High	HK$0.20
52 Week Low	HK$0.10
Beta	1.59
11 Month Change	-25.40%
3 Month Change	34.89%
1 Year Change	19.11%
33 Year Change	-56.69%
5 Year Change	603.33%
Change since IPO	-63.08%

Recent updates

Shareholder Returns

	3GY	DE Semiconductor	DE Market
7D	-8.4%	0.2%	0.2%
1Y	19.1%	-17.0%	8.5%

Return vs Industry: 3GY exceeded the German Semiconductor industry which returned -17% over the past year.

Return vs Market: 3GY exceeded the German Market which returned 8.5% over the past year.

Price Volatility

Is 3GY's price volatile compared to industry and market?
3GY volatility
3GY Average Weekly Movement	18.8%
Semiconductor Industry Average Movement	6.5%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.3%

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

Volatility Over Time: 3GY's weekly volatility has increased from 12% to 19% over the past year.

About the Company

Founded	Employees	CEO	Website
2006	11,259	Zhanjun Zhu	www.gcltech.com

GCL Technology Holdings Limited manufactures and sells polysilicon and wafers products in the People’s Republic of China and internationally. It operates through Solar Material Business and Solar Farm Business segments. The Solar Material Business segment primarily manufactures and sells polysilicon and wafer products to companies operating in the solar industry.

GCL Technology Holdings Limited Fundamentals Summary

How do GCL Technology Holdings's earnings and revenue compare to its market cap?
3GY fundamental statistics
Market cap	€4.32b
Earnings (TTM)	-€594.80m
Revenue (TTM)	€2.87b

1.5x

P/S Ratio

-7.3x

P/E Ratio

Is 3GY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3GY income statement (TTM)
Revenue	CN¥21.62b
Cost of Revenue	CN¥19.26b
Gross Profit	CN¥2.36b
Other Expenses	CN¥6.85b
Earnings	-CN¥4.49b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.17
Gross Margin	10.92%
Net Profit Margin	-20.76%
Debt/Equity Ratio	38.3%

How did 3GY perform over the long term?

See historical performance and comparison

3GY Stock Overview

Rewards

Risk Analysis

GCL Technology Holdings Limited Competitors

XTRA:AIXA

€1.5b

XTRA:WAF

€1.4b

XTRA:SMHN

€924.2m

XTRA:S92

€411.5m

Price History & Performance

Recent News & Updates

Executive President recently sold €644k worth of stock

GCL Technology Holdings Limited Appoints Li Junfeng as an Independent Non-Executive Director, A Member of the Corporate Governance Committee, A Member of the Strategy & Investment Committee and A Member of the Environmental, Social and Governance Committee, Effective from 1 November 2024

Gcl Technology Holdings Limited Appoints Mr. Lan Tianshi as Member of Environmental, Social and Governance Committee

New major risk - Share price stability

First half 2024 earnings released: CN¥0.056 loss per share (vs CN¥0.21 profit in 1H 2023)

GCL Technology Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024

Recent updates

Executive President recently sold €644k worth of stock

GCL Technology Holdings Limited Appoints Li Junfeng as an Independent Non-Executive Director, A Member of the Corporate Governance Committee, A Member of the Strategy & Investment Committee and A Member of the Environmental, Social and Governance Committee, Effective from 1 November 2024

Gcl Technology Holdings Limited Appoints Mr. Lan Tianshi as Member of Environmental, Social and Governance Committee

New major risk - Share price stability

First half 2024 earnings released: CN¥0.056 loss per share (vs CN¥0.21 profit in 1H 2023)

GCL Technology Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024

GCL Technology Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2024

New major risk - Share price stability

GCL Technology Holdings Limited, Annual General Meeting, May 31, 2024

Full year 2023 earnings released: EPS: CN¥0.095 (vs CN¥0.61 in FY 2022)

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: CN¥0.095 (vs CN¥0.64 in FY 2022)

New major risk - Share price stability

GCL Technology Holdings Limited Announces 100,000-Tonne Granular Silicon Project of Inner Mongolia Xinhuan Silicon Energy Technology Co., Ltd. Officially Put into Production

New major risk - Earnings quality

First half 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.26 in 1H 2022)

GCL Technology Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of HK$0.06 per share at 3.2% yield

Full year 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.21 in FY 2021)

Now 21% undervalued after recent price drop

GCL Technology Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2022

Now 21% undervalued after recent price drop

Less than half of directors are independent

GCL Technology Holdings Announces Appointment of Zhu Yufeng as Vice Chairman

First half 2022 earnings released: EPS: CN¥25.80 (vs CN¥0.099 in 1H 2021)

GCL Technology Holdings Limited Announces Resignation of Zheng Xiongjiu as an Executive Director

GCL Technology Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022

GCL Technology Holdings Limited announced that it expects to receive HKD 313.95 million in funding

GCL Technology Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

GCL Technology Holdings Limited Announces Resignation of Wong Man Chung as Independent Non-Executive Director, Member of the Audit Committee and Member of the Strategy and Investment Committee

GCL Technology Holdings Limited Announces Establishment of Environmental, Social and Governance Committee and Appointment of Committee Members

Full year 2021 earnings released: EPS: CN¥0.21 (vs CN¥0.28 loss in FY 2020)

Less than half of directors are independent

Full year 2021 earnings released: EPS: CN¥0.21 (vs CN¥0.28 loss in FY 2020)

GCL-Poly Energy Holdings Limited Announces Management Changes

GCL-Poly Energy Holdings Limited Provides Group Earnings Forecast for the Year Ended 31 December 2021

Forecast breakeven date pushed back to 2022

First half 2021 earnings released: EPS CN¥0.099 (vs CN¥0.10 loss in 1H 2020)

Forecast to breakeven in 2021

Insufficient new directors

Shareholder Returns

Price Volatility

About the Company

GCL Technology Holdings Limited Fundamentals Summary

1.5x

-7.3x

Earnings & Revenue