CBAK Energy Technology Inc.
Find Ratings ReportsCBAK ENERGY TECHNOLOGY INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. CBAK ENERGY TECHNOLOGY INC has weak liquidity. Currently, the Quick Ratio is 0.58 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.97% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 56.18 | 54.46 |
EBITDA ($mil) | 4.71 | -0.11 |
EBIT ($mil) | 1.18 | -2.44 |
Net Income ($mil) | -4.77 | -10.7 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 58.82 | 37.36 |
Total Assets ($mil) | 281.16 | 244.03 |
Total Debt ($mil) | 35.74 | 17.62 |
Equity ($mil) | 112.82 | 117.5 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 28.86 | 11.24 |
EBITDA Margin | 8.38 | -0.19 |
Operating Margin | 2.11 | -4.49 |
Sales Turnover | 0.73 | 1.02 |
Return on Assets | -0.87 | -3.87 |
Return on Equity | -2.17 | -8.04 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.8 | 1.12 |
Debt/Capital | 0.24 | 0.13 |
Interest Expense | 0.3 | 0.18 |
Interest Coverage | 4.01 | -13.65 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 89.92 | 88.99 |
Div / share | 0.0 | 0.0 |
EPS | -0.05 | -0.12 |
Book value / share | 1.25 | 1.32 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 168445.0 | 98140.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.84 indicates a significant discount versus the S&P 500 average of 4.65 and a significant discount versus the subsector average of 4.13. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, CBAK ENERGY TECHNOLOGY INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CBAT NM | Peers 25.72 | CBAT 2.05 | Peers 21.79 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. CBAT's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CBAT is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CBAT 8.15 | Peers 20.77 | CBAT NA | Peers 2.85 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CBAT is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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CBAT 0.84 | Peers 4.13 | CBAT 72.73 | Peers -23.04 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CBAT is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CBAT is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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CBAT 0.47 | Peers 3.11 | CBAT -17.81 | Peers 28.44 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CBAT is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CBAT significantly trails its peers on the basis of sales growth. |
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