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CBAK Energy Technology

Nasdaq:CBAT
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CBAT
Nasdaq
$28M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

CBAK Energy Technology, Inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in the People’s Republic of China, Europe, South Korea, and Israel. The last earnings update was 120 days ago. More info.


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  • CBAK Energy Technology has significant price volatility in the past 3 months.
CBAT Share Price and Events
7 Day Returns
10.5%
NasdaqGM:CBAT
0.7%
US Electronic
1.6%
US Market
1 Year Returns
-27.6%
NasdaqGM:CBAT
0%
US Electronic
3.2%
US Market
CBAT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CBAK Energy Technology (CBAT) 10.5% -7.1% 101.9% -27.6% -59.8% -69.7%
US Electronic 0.7% 0.9% 18.9% 0% 58.7% 59.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • CBAT underperformed the Electronic industry which returned 0% over the past year.
  • CBAT underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
CBAT
Industry
5yr Volatility vs Market

CBAT Value

 Is CBAK Energy Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CBAK Energy Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for CBAK Energy Technology.

NasdaqGM:CBAT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:CBAT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 25%) (140.53%))
1.804
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.804 * 5.96%)
13.48%

Discounted Cash Flow Calculation for NasdaqGM:CBAT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CBAK Energy Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:CBAT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.48%)
2019 12.85 Est @ 56.6% 11.32
2020 18.04 Est @ 40.44% 14.01
2021 23.29 Est @ 29.13% 15.94
2022 28.24 Est @ 21.21% 17.03
2023 32.66 Est @ 15.67% 17.35
2024 36.51 Est @ 11.78% 17.09
2025 39.82 Est @ 9.07% 16.43
2026 42.67 Est @ 7.17% 15.52
2027 45.16 Est @ 5.84% 14.47
2028 47.38 Est @ 4.9% 13.38
Present value of next 10 years cash flows $152.53
NasdaqGM:CBAT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $47.38 × (1 + 2.73%) ÷ (13.48% – 2.73%)
$452.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $452.70 ÷ (1 + 13.48%)10
$127.81
NasdaqGM:CBAT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $152.53 + $127.81
$280.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $280.35 / 26.65
$10.52
NasdaqGM:CBAT Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.52
Current discount Discount to share price of $1.05
= -1 x ($1.05 - $10.52) / $10.52
90%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CBAK Energy Technology is available for.
Intrinsic value
>50%
Share price is $1.05 vs Future cash flow value of $10.52
Current Discount Checks
For CBAK Energy Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CBAK Energy Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CBAK Energy Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CBAK Energy Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CBAK Energy Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:CBAT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.36
NasdaqGM:CBAT Share Price ** NasdaqGM (2019-03-19) in USD $1.05
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.48x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CBAK Energy Technology.

NasdaqGM:CBAT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:CBAT Share Price ÷ EPS (both in USD)

= 1.05 ÷ -0.36

-2.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CBAK Energy Technology is loss making, we can't compare its value to the US Electronic industry average.
  • CBAK Energy Technology is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does CBAK Energy Technology's expected growth come at a high price?
Raw Data
NasdaqGM:CBAT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CBAK Energy Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CBAK Energy Technology's assets?
Raw Data
NasdaqGM:CBAT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.15
NasdaqGM:CBAT Share Price * NasdaqGM (2019-03-19) in USD $1.05
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGM:CBAT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:CBAT Share Price ÷ Book Value per Share (both in USD)

= 1.05 ÷ 0.15

7.06x

* Primary Listing of CBAK Energy Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CBAK Energy Technology is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess CBAK Energy Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. CBAK Energy Technology has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CBAT Future Performance

 How is CBAK Energy Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CBAK Energy Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CBAK Energy Technology expected to grow at an attractive rate?
  • Unable to compare CBAK Energy Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CBAK Energy Technology's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare CBAK Energy Technology's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:CBAT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:CBAT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:CBAT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 46 22 -10
2018-06-30 58 14 -22
2018-03-31 58 13 -22
2017-12-31 58 6 -21
2017-09-30 31 -13 -12
2017-06-30 14 -24 -14
2017-03-31 9 -27 -13
2016-12-31 8 -19 -13
2016-09-30 10 -14 -13
2016-06-30 15 5 -8
2016-03-31 16 1 -7
2015-12-31 16 -3 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CBAK Energy Technology is high growth as no earnings estimate data is available.
  • Unable to determine if CBAK Energy Technology is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:CBAT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CBAK Energy Technology Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CBAT Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.36
2018-06-30 -0.82
2018-03-31 -0.88
2017-12-31 -0.92
2017-09-30 -0.57
2017-06-30 -0.72
2017-03-31 -0.69
2016-12-31 -0.71
2016-09-30 -0.71
2016-06-30 -0.52
2016-03-31 -0.46
2015-12-31 -0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CBAK Energy Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine CBAK Energy Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. CBAK Energy Technology's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. CBAK Energy Technology's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CBAK Energy Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CBAK Energy Technology has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CBAT Past Performance

  How has CBAK Energy Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CBAK Energy Technology's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CBAK Energy Technology does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare CBAK Energy Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CBAK Energy Technology's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
CBAK Energy Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CBAK Energy Technology Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CBAT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 45.52 -9.52 7.80 2.37
2018-06-30 57.68 -21.66 8.39 2.14
2018-03-31 57.97 -21.97 8.50 2.13
2017-12-31 58.38 -21.47 8.47 1.74
2017-09-30 31.31 -12.22 6.62 1.77
2017-06-30 13.86 -13.96 8.18 1.86
2017-03-31 8.89 -12.88 8.39 1.64
2016-12-31 8.37 -12.71 8.64 1.57
2016-09-30 10.37 -12.65 8.51 1.88
2016-06-30 15.37 -8.33 6.41 1.70
2016-03-31 16.46 -6.93 5.21 2.00
2015-12-31 16.33 -5.48 4.30 1.70
2015-09-30 13.90 14.04 3.60 1.00
2015-06-30 9.57 15.31 2.33 0.73
2015-03-31 55.12 6.75 7.96 1.58
2014-12-31 84.89 -3.20 12.62 2.75
2014-09-30 123.01 -26.72 16.22 3.98
2014-06-30 154.19 -84.67 17.49 5.35
2014-03-31 151.80 -85.11 13.01 5.02
2013-12-31 163.03 -94.40 8.12 5.11
2013-09-30 185.55 -116.43 16.18 5.37
2013-06-30 207.54 -78.89 32.91 3.03
2013-03-31 208.78 -96.21 45.10 3.51
2012-12-31 197.50 -92.15 53.61 2.90
2012-09-30 205.52 -65.81 49.18 1.84
2012-06-30 212.96 -54.59 35.82 4.68
2012-03-31 213.25 -34.24 28.75 4.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if CBAK Energy Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if CBAK Energy Technology has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CBAK Energy Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CBAK Energy Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CBAK Energy Technology has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CBAT Health

 How is CBAK Energy Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CBAK Energy Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CBAK Energy Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CBAK Energy Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CBAK Energy Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CBAK Energy Technology Company Filings, last reported 5 months ago.

NasdaqGM:CBAT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 3.98 39.32 0.86
2018-06-30 -3.52 39.06 0.57
2018-03-31 -0.15 38.05 1.26
2017-12-31 2.20 34.13 1.67
2017-09-30 13.52 32.36 0.20
2017-06-30 17.29 33.47 2.03
2017-03-31 10.84 35.89 0.55
2016-12-31 12.68 30.22 0.44
2016-09-30 15.09 24.90 2.00
2016-06-30 15.11 20.89 3.14
2016-03-31 17.99 13.62 1.73
2015-12-31 19.42 12.50 0.21
2015-09-30 21.67 12.77 6.92
2015-06-30 13.38 24.86 11.71
2015-03-31 14.12 6.17 0.50
2014-12-31 12.92 5.92 0.04
2014-09-30 -4.34 10.44 0.99
2014-06-30 -19.52 0.00 0.27
2014-03-31 -56.46 192.06 8.45
2013-12-31 -48.64 201.43 9.98
2013-09-30 -43.27 179.69 14.00
2013-06-30 16.20 175.05 10.40
2013-03-31 25.52 194.62 7.20
2012-12-31 44.68 197.51 9.29
2012-09-30 71.80 183.85 9.27
2012-06-30 91.69 238.44 13.08
2012-03-31 120.16 166.99 16.68
  • CBAK Energy Technology's level of debt (988.8%) compared to net worth is high (greater than 40%).
  • CBAK Energy Technology had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Whilst loss making CBAK Energy Technology has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making CBAK Energy Technology has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -45.1% per year.
X
Financial health checks
We assess CBAK Energy Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CBAK Energy Technology has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CBAT Dividends

 What is CBAK Energy Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from CBAK Energy Technology dividends.
If you bought $2,000 of CBAK Energy Technology shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CBAK Energy Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CBAK Energy Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:CBAT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as CBAK Energy Technology has not reported any payouts.
  • Unable to verify if CBAK Energy Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CBAK Energy Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CBAK Energy Technology has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CBAK Energy Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CBAK Energy Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CBAK Energy Technology has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CBAT Management

 What is the CEO of CBAK Energy Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yunfei Li
COMPENSATION $286,149
AGE 50
TENURE AS CEO 3 years
CEO Bio

Mr. Yunfei Li has been the Chairman, Chief Executive Officer, President and Secretary at CBAK Energy Technology, Inc. (formerly China BAK Battery, Inc.) since March 01, 2016. Mr. Li has more than 20 years management experience in industries of real estate development, battery and new energy. Since May 2014, he has been Vice President of CBAK Energy Technology, Inc. subsidiary, Dalian BAK Power Battery Co., Ltd in charge of CBAK Energy Technology, Inc. construction of manufacturing facilities, government relationship and development of new customers. From May 2010 to May 2014, Mr. Li held management positions of various new energy development and real estate development companies in China. Prior to that, he was Director of Construction Department, Director of Comprehensive Management Department and Assistant to President of Shenzhen BAK Battery Co., Ltd. from March 2003 to May 2010. Mr. Li holds a Bachelor's degree in Civil Engineering from Liao Yuan Vocational Technical College.

CEO Compensation
  • Yunfei's compensation has increased whilst company is loss making.
  • Yunfei's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CBAK Energy Technology management team in years:

4.6
Average Tenure
47.5
Average Age
  • The tenure for the CBAK Energy Technology management team is about average.
Management Team

Yunfei Li

TITLE
Chairman
COMPENSATION
$286K
AGE
50
TENURE
3 yrs

Wenwu Wang

TITLE
CFO & Treasurer
COMPENSATION
$126K
AGE
36
TENURE
4.6 yrs

Guosheng Wang

TITLE
VP of Operations & Director
AGE
46

Yongbin Han

TITLE
VP of Investments
COMPENSATION
$259K
AGE
49
TENURE
11.4 yrs

Tracy Li

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the CBAK Energy Technology board of directors in years:

4.6
Average Tenure
50
Average Age
  • The tenure for the CBAK Energy Technology board of directors is about average.
Board of Directors

Yunfei Li

TITLE
Chairman
COMPENSATION
$286K
AGE
50
TENURE
3 yrs

Guosheng Wang

TITLE
VP of Operations & Director
AGE
46
TENURE
4.6 yrs

Martha Agee

TITLE
Independent Director
COMPENSATION
$53K
AGE
63
TENURE
6.3 yrs

Jianjun He

TITLE
Independent Director
COMPENSATION
$53K
AGE
46
TENURE
5.3 yrs

J. Xue

TITLE
Independent Director
COMPENSATION
$47K
AGE
64
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by CBAK Energy Technology insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Jan 19 Buy Yunfei Li Individual 07. Jan 19 07. Jan 19 1,666,667 $1.02 $1,700,000
X
Management checks
We assess CBAK Energy Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CBAK Energy Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CBAT News

Simply Wall St News

Is CBAK Energy Technology, Inc.'s (NASDAQ:CBAT) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … has a market capitalization of US$25m, and pays its CEO total annual compensation worth US$286k. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$120k

Simply Wall St -

CBAK Energy Technology, Inc. (NASDAQ:CBAT) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in CBAK Energy Technology, Inc. … CBAK Energy Technology Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Chairman Yunfei Li for US$1.7m worth of shares, at about US$1.02 per share.

Simply Wall St -

CBAT Company Info

Description

CBAK Energy Technology, Inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in the People’s Republic of China, Europe, South Korea, and Israel. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBAK Energy Technology, Inc. was founded in 1999 and is based in Dalian, China.

Details
Name: CBAK Energy Technology, Inc.
CBAT
Exchange: NasdaqGM
Founded: 1999
$27,979,851
26,647,478
Website: http://www.cbak.com.cn
Address: CBAK Energy Technology, Inc.
CBAK Industrial Park,
Meigui Street,
Dalian,
Liaoning Province, 116422,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM CBAT Ordinary Shares Nasdaq Global Market US USD 21. Jan 2005
DB B6JA Ordinary Shares Deutsche Boerse AG DE EUR 21. Jan 2005
Number of employees
Current staff
Staff numbers
587
CBAK Energy Technology employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:57
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/11/19
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.