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0A54

Niu Technologies LSE:0A54 Stock Report

Last Price

US$5.02

Market Cap

US$383.1m

7D

-7.0%

1Y

-81.0%

Updated

17 Sep, 2022

Data

Company Financials +
0A54 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance2/6
Financial Health6/6
Dividends0/6

0A54 Stock Overview

Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China.

Niu Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Niu Technologies
Historical stock prices
Current Share PriceUS$5.02
52 Week HighUS$27.70
52 Week LowUS$4.89
Beta0.54
1 Month Change-21.44%
3 Month Change-35.75%
1 Year Change-81.03%
3 Year Changen/a
5 Year Changen/a
Change since IPO-78.46%

Recent News & Updates

Shareholder Returns

0A54GB AutoGB Market
7D-7.0%0.3%-1.6%
1Y-81.0%-19.5%-10.6%

Return vs Industry: 0A54 underperformed the UK Auto industry which returned -19.5% over the past year.

Return vs Market: 0A54 underperformed the UK Market which returned -10.6% over the past year.

Price Volatility

Is 0A54's price volatile compared to industry and market?
0A54 volatility
0A54 Average Weekly Movement10.6%
Auto Industry Average Movement5.3%
Market Average Movement5.3%
10% most volatile stocks in GB Market11.0%
10% least volatile stocks in GB Market2.6%

Stable Share Price: 0A54 is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 0A54's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2014702Yan Lihttps://www.niu.com

Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, sweaters and hoodies, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels.

Niu Technologies Fundamentals Summary

How do Niu Technologies's earnings and revenue compare to its market cap?
0A54 fundamental statistics
Market CapUS$383.08m
Earnings (TTM)US$17.76m
Revenue (TTM)US$517.19m

21.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
0A54 income statement (TTM)
RevenueCN¥3.62b
Cost of RevenueCN¥2.87b
Gross ProfitCN¥745.02m
Other ExpensesCN¥620.87m
EarningsCN¥124.15m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.61
Gross Margin20.61%
Net Profit Margin3.43%
Debt/Equity Ratio13.8%

How did 0A54 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 0A54 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 0A54?

Other financial metrics that can be useful for relative valuation.

0A54 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/Revenue0.6x
Enterprise Value/EBITDA8.6x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 0A54's PE Ratio compare to its peers?

0A54 PE Ratio vs Peers
The above table shows the PE ratio for 0A54 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average114.2x
ABDP AB Dynamics
65.7x24.8%UK£275.5m
TIFS TI Fluid Systems
185.2x73.4%UK£746.6m
600099 LinhaiLtd
165.3xn/aCN¥1.8b
603787 Jiangsu Xinri E-Vehicle
68.9xn/aCN¥4.4b
0A54 Niu Technologies
21.6x54.4%US$383.1m

Price-To-Earnings vs Peers: 0A54 is good value based on its Price-To-Earnings Ratio (21.6x) compared to the peer average (114.2x).


Price to Earnings Ratio vs Industry

How does 0A54's PE Ratio compare vs other companies in the Global Auto Industry?

Price-To-Earnings vs Industry: 0A54 is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the Global Auto industry average (11.9x)


Price to Earnings Ratio vs Fair Ratio

What is 0A54'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.

0A54 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.6x
Fair PE Ratio51.3x

Price-To-Earnings vs Fair Ratio: 0A54 is good value based on its Price-To-Earnings Ratio (21.6x) compared to the estimated Fair Price-To-Earnings Ratio (51.3x).


Share Price vs Fair Value

What is the Fair Price of 0A54 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0A54 ($5.02) is trading below our estimate of fair value ($15.73)

Significantly Below Fair Value: 0A54 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 Niu Technologies forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


54.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0A54's forecast earnings growth (54.4% per year) is above the savings rate (0.9%).

Earnings vs Market: 0A54's earnings (54.4% per year) are forecast to grow faster than the UK market (8.8% per year).

High Growth Earnings: 0A54's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0A54's revenue (31.2% per year) is forecast to grow faster than the UK market (4.4% per year).

High Growth Revenue: 0A54's revenue (31.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0A54's Return on Equity is forecast to be high in 3 years time (23.2%)


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Past Performance

How has Niu Technologies performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


65.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 0A54 has high quality earnings.

Growing Profit Margin: 0A54's current net profit margins (3.4%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: 0A54 has become profitable over the past 5 years, growing earnings by 65.1% per year.

Accelerating Growth: 0A54's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0A54 had negative earnings growth (-44.7%) over the past year, making it difficult to compare to the Auto industry average (7%).


Return on Equity

High ROE: 0A54's Return on Equity (9.5%) is considered low.


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Financial Health

How is Niu Technologies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 0A54's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.1B).

Long Term Liabilities: 0A54's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥40.3M).


Debt to Equity History and Analysis

Debt Level: 0A54 has more cash than its total debt.

Reducing Debt: 0A54 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: 0A54's debt is well covered by operating cash flow (185.7%).

Interest Coverage: 0A54 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Niu Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0A54's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 0A54's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0A54's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0A54's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 0A54 has not reported any payouts.


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Management

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

6.7yrs

Average management tenure


CEO

Yan Li (43 yo)

6.67yrs

Tenure

Dr. Yan Li has served as the chairman of board of directors of Niu Technologies since March 2018, its chief executive officer since December 2017 and its chief operating officer since January 2016. Prior t...


Leadership Team

Experienced Management: 0A54's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: 0A54's board of directors are considered experienced (3.9 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.


Ownership Breakdown

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


Top Shareholders

Top 25 shareholders own 68.43% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
28.07%
Yinan Li
21,590,967CN¥108.4m0%no data
7.08%
Nikko Asset Management Co., Ltd.
5,442,590CN¥27.3m20.89%0.01%
6.45%
Niu Holding Inc.
4,963,510CN¥24.9m0%no data
4.35%
Yan Li
3,350,000CN¥16.8m0%no data
3.44%
Wellington Management Group LLP
2,648,899CN¥13.3m-1.75%no data
3.21%
ARK Investment Management LLC
2,467,428CN¥12.4m0.16%0.08%
2.1%
The Vanguard Group, Inc.
1,618,529CN¥8.1m8.87%no data
1.64%
Mirae Asset Global Investments Co., Ltd
1,263,723CN¥6.3m0.73%0.01%
1.51%
Yiheng Capital Management, L.P.
1,162,675CN¥5.8m0%0.34%
1.26%
TT International Investment Management LLP
971,753CN¥4.9m-4.61%0.18%
1.26%
Deutsche Asset & Wealth Management
970,943CN¥4.9m-5.79%no data
0.84%
BlackRock, Inc.
648,717CN¥3.3m1.26%no data
0.81%
GGV Capital, LLC
624,892CN¥3.1m-62.95%0.19%
0.78%
Deka Investment GmbH
600,000CN¥3.0m11.11%no data
0.73%
Renaissance Technologies LLC
559,800CN¥2.8m-42.24%no data
0.63%
State Street Global Advisors, Inc.
487,205CN¥2.4m-31.69%no data
0.54%
JPMorgan Chase & Co, Brokerage and Securities Investments
418,165CN¥2.1m2.7%no data
0.51%
Dimensional Fund Advisors LP
395,747CN¥2.0m14.18%no data
0.49%
Yilin Hu
376,400CN¥1.9m0%no data
0.48%
First Trust Advisors LP
371,252CN¥1.9m-1.93%no data
0.46%
Two Sigma Advisers, LP
357,600CN¥1.8m-2.3%no data
0.45%
Two Sigma Investments, LP
347,702CN¥1.7m-37.56%0.01%
0.45%
Polar Capital Holdings plc
346,169CN¥1.7m90.17%0.01%
0.45%
Qube Research And Technologies Ltd
345,885CN¥1.7m-4.78%0.01%
0.4%
Connor, Clark & Lunn Investment Management Ltd.
307,645CN¥1.5m1.52%0.01%

Company Information

Niu Technologies's employee growth, exchange listings and data sources


Key Information

  • Name: Niu Technologies
  • Ticker: 0A54
  • Exchange: LSE
  • Founded: 2014
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Implied Market Cap: US$383.080m
  • Shares outstanding: 76.92m
  • Website: https://www.niu.com

Number of Employees


Location

  • Niu Technologies
  • No.1 Building
  • No. 195 Huilongguan East Road
  • Beijing
  • 102208
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIUNasdaqGM (Nasdaq Global Market)YesSPON ADS EACH REP 2 ORD SHS CL AUSUSDOct 2018
0O9DB (Deutsche Boerse AG)YesSPON ADS EACH REP 2 ORD SHS CL ADEEUROct 2018
NIU NBMV (Bolsa Mexicana de Valores)YesSPON ADS EACH REP 2 ORD SHS CL AMXMXNOct 2018
0A54LSE (London Stock Exchange)YesSPON ADS EACH REP 2 ORD SHS CL AGBUSDOct 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/17 00:00
End of Day Share Price2022/09/16 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.