Viomi Technology (NasdaqGS:VIOT) - Share price, News & Analysis

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

VIOT Overview

Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.

Rewards

Trading at 22.4% below our estimate of its fair value

Earnings are forecast to grow 21.72% per year

Earnings have grown 48.7% per year over the past 5 years

Risk Analysis

Volatile share price over the past 3 months

Viomi Technology Competitors

Midea Group

SZSE:000333

CN¥515.5b

Haier Smart Home

SHSE:600690

CN¥243.8b

Gree Electric Appliances of Zhuhai

SZSE:000651

CN¥233.7b

Shenzhen Yitoa Intelligent ControlLtd

SZSE:300131

CN¥7.3b

Price History & Performance

Summary of all time highs, changes and price drops for Viomi Technology
Historical stock prices
Current Share Price	US$4.88
52 Week High	US$4.01
52 Week Low	US$18.99
Beta	1.35
1 Month Change	0.41%
3 Month Change	-18.80%
1 Year Change	-16.58%
3 Year Change	-44.55%
5 Year Change	n/a
Change since IPO	-46.26%

Shareholder Returns

	VIOT	US Consumer Durables	US Market
7D	-4.7%	3.1%	1.7%
1Y	-16.6%	29.9%	30.3%

Return vs Industry: VIOT underperformed the US Consumer Durables industry which returned 29.9% over the past year.

Return vs Market: VIOT underperformed the US Market which returned 30.3% over the past year.

Price Volatility

Is VIOT's price volatile compared to industry and market?
VIOT volatility
VIOT Beta	1.35
Industry Beta	1.47
Market Beta	1

Stable Share Price: VIOT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: VIOT's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2014	1,182	Xiaoping Chen	https://www.viomi.com.cn

Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, smart TV, and other smart devices. It also provides a suite of complementary consumable products and small appliances, such as blenders, portable fans, rice cookers, water quality meters, water filter pitchers, stainless-steel insulated water bottles, smart toilet, and food waste disposals; and value-added services.

Viomi Technology Fundamentals Summary

How do Viomi Technology's earnings and revenue compare to its market cap?
VIOT fundamental statistics
Market Cap	CN¥2.10b
Earnings (TTM)	CN¥240.68m
Revenue (TTM)	CN¥6.29b

8.7x

P/E Ratio

0.3x

P/S Ratio

Is VIOT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
VIOT income statement (TTM)
Revenue	CN¥6.29b
Cost of Revenue	CN¥4.98b
Gross Profit	CN¥1.31b
Expenses	CN¥1.07b
Earnings	CN¥240.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	3.57
Gross Margin	20.90%
Net Profit Margin	3.83%
Debt/Equity Ratio	0%

How did VIOT perform over the long term?

See historical performance and comparison

Valuation

Is Viomi Technology undervalued compared to its fair value and its price relative to the market?

22.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: VIOT ($4.88) is trading below our estimate of fair value ($6.29)

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

Price To Earnings Ratio

PE vs Industry: VIOT is good value based on its PE Ratio (8.7x) compared to the US Consumer Durables industry average (10.5x).

PE vs Market: VIOT is good value based on its PE Ratio (8.7x) compared to the US market (18.2x).

Price to Earnings Growth Ratio

PEG Ratio: VIOT is good value based on its PEG Ratio (0.4x)

Price to Book Ratio

PB vs Industry: VIOT is good value based on its PB Ratio (1.3x) compared to the US Consumer Durables industry average (1.9x).

Future Growth

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

21.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIOT's forecast earnings growth (21.7% per year) is above the savings rate (2%).

Earnings vs Market: VIOT's earnings (21.7% per year) are forecast to grow faster than the US market (14.9% per year).

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

Revenue vs Market: VIOT's revenue (15.2% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: VIOT's revenue (15.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VIOT's Return on Equity is forecast to be low in 3 years time (19.9%).

Past Performance

How has Viomi Technology performed over the past 5 years?

48.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VIOT has high quality earnings.

Growing Profit Margin: VIOT's current net profit margins (3.8%) are higher than last year (3.6%).

Past Earnings Growth Analysis

Earnings Trend: VIOT's earnings have grown significantly by 48.7% per year over the past 5 years.

Accelerating Growth: VIOT's earnings growth over the past year (26.4%) is below its 5-year average (48.7% per year).

Earnings vs Industry: VIOT earnings growth over the past year (26.4%) underperformed the Consumer Durables industry 78.8%.

Return on Equity

High ROE: VIOT's Return on Equity (14.6%) is considered low.

Financial Health

How is Viomi Technology's financial position?

Financial Position Analysis

Short Term Liabilities: VIOT's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.6B).

Long Term Liabilities: VIOT's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥17.5M).

Debt to Equity History and Analysis

Debt Level: VIOT is debt free.

Reducing Debt: VIOT had no debt 5 years ago.

Debt Coverage: VIOT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: VIOT has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

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

Dividend Yield vs Market

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

High Dividend: Unable to evaluate VIOT'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 VIOT's dividends per share have been stable in the past.

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

Current Payout to Shareholders

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

Future Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Consumer Durables industry.

Management

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

3.1yrs

Average board tenure

CEO

Xiaoping Chen (46 yo)

7.42yrs

Tenure

Mr. Xiaoping Chen serves as Founder, Chairman of the Board of Directors and Chief Executive Officer at Viomi Technology Co., Ltd. since May 2014.

Board Members

Experienced Board: VIOT's board of directors are considered experienced (3.1 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.

Data	Last Updated (UTC time)
Company Analysis	2021/10/23 22:32
End of Day Share Price	2021/10/22 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data