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China Resources Microelectronics Ltd.

  • Market Cap: Large Cap
  • Industry: Other Electrical Equipment
  • ISIN: CNE100003S06
  • SHG: 688396
CNY
61.46
-0.04 (-0.07%)

Sep 22

SHG

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Comparison

Company
Score
Quality
Valuation
Financial
Technical
China Resources Microelectronics Ltd.

Why is China Resources Microelectronics Ltd. ?

1
Poor Management Efficiency with a low ROCE of 15.72%
  • The company has been able to generate a Return on Capital Employed (avg) of 15.72% signifying low profitability per unit of total capital (equity and debt)
2
The company is Net-Debt Free
  • Poor long term growth as Net Sales has grown by an annual rate of 8.69% and Operating profit at -3.20% over the last 5 years
  • The company is Net-Debt Free
  • The company has been able to generate a Return on Equity (avg) of 9.13% signifying low profitability per unit of shareholders funds
3
Poor long term growth as Net Sales has grown by an annual rate of 8.69% and Operating profit at -3.20% over the last 5 years
4
Positive results in Jun 26
  • OPERATING CASH FLOW(Y) Highest at CNY 2,737.01 MM
  • DEBT-EQUITY RATIO (HY) Lowest at -42.68 %
  • DIVIDEND PAYOUT RATIO(Y) Highest at 18.96%
5
With ROE of 2.71%, it has a expensive valuation with a 4.86 Price to Book Value
  • Over the past year, while the stock has generated a return of 23.74%, its profits have fallen by -12.5%
  • At the current price, the company has a high dividend yield of 0.1
stock-recommendationReal-Time Research Report

Verdict Report

How much should you hold?

  1. Overall Portfolio exposure to China Resources Microelectronics Ltd. should be less than 10%
  2. Overall Portfolio exposure to Other Electrical Equipment should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Electrical Equipment)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is China Resources Microelectronics Ltd. for you?

High Risk, High Return

Absolute
Risk Adjusted
Volatility
China Resources Microelectronics Ltd.
20.04%
1.05
63.14%
China Shanghai Composite
3.23%
0.23
14.72%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor
Value
Sales Growth (5y)
8.69%
EBIT Growth (5y)
-3.20%
EBIT to Interest (avg)
48.72
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.39
Sales to Capital Employed (avg)
0.45
Tax Ratio
15.09%
Dividend Payout Ratio
15.46%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
13.11%
ROE (avg)
9.13%
stock-recommendationValuation

Valuation Scorecard stock-summary

stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary

Factor
Value
P/E Ratio
180
Industry P/E
Price to Book Value
4.86
EV to EBIT
113.67
EV to EBITDA
54.36
EV to Capital Employed
7.64
EV to Sales
8.90
PEG Ratio
NA
Dividend Yield
0.09%
ROCE (Latest)
6.72%
ROE (Latest)
2.71%
stock-recommendationTechnicals

Technical key factors

Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bearish
Mildly Bullish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
Analyse All Technical Factors stock-recommendation
stock-recommendationFinancial Trend

Financial Trend Scorecard stock-summary

stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

19What is working for the Company
OPERATING CASH FLOW(Y)

Highest at CNY 2,737.01 MM

DEBT-EQUITY RATIO (HY)

Lowest at -42.68 %

DIVIDEND PAYOUT RATIO(Y)

Highest at 18.96%

RAW MATERIAL COST(Y)

Fallen by -9.89% (YoY

INVENTORY TURNOVER RATIO(HY)

Highest at 4.05 times

DIVIDEND PER SHARE(HY)

Highest at CNY 3.84

NET SALES(Q)

Highest at CNY 3,271.26 MM

OPERATING PROFIT(Q)

Highest at CNY 724.82 MM

OPERATING PROFIT MARGIN(Q)

Highest at 22.16 %

PRE-TAX PROFIT(Q)

Highest at CNY 534.26 MM

NET PROFIT(Q)

Highest at CNY 357.91 MM

EPS(Q)

Highest at CNY 0.3

-8What is not working for the Company
INTEREST(HY)

At CNY 5.9 MM has Grown at 137.06%

DEBTORS TURNOVER RATIO(HY)

Lowest at 3.84 times

Here's what is working for China Resources Microelectronics Ltd.

Operating Cash Flow
Highest at CNY 2,737.01 MM and Grown
In each year in the last three years
MOJO Watch
The company has generated higher cash revenues from business operations

Operating Cash Flows (CNY MM)

Debt-Equity Ratio
Lowest at -42.68 % and Grown
In each half year in the last five Semi-Annual periods
MOJO Watch
The company has been reducing its borrowing as compared to equity capital

Debt-Equity Ratio

Net Sales
Highest at CNY 3,271.26 MM
in the last five periods
MOJO Watch
Near term sales trend is positive

Net Sales (CNY MM)

Operating Profit
Highest at CNY 724.82 MM
in the last five periods
MOJO Watch
Near term Operating Profit trend is positive

Operating Profit (CNY MM)

Operating Profit Margin
Highest at 22.16 %
in the last five periods
MOJO Watch
Company's profit margin has improved

Operating Profit to Sales

Pre-Tax Profit
Highest at CNY 534.26 MM
in the last five periods
MOJO Watch
Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (CNY MM)

Pre-Tax Profit
At CNY 534.26 MM has Grown at 62.44%
over average net sales of the previous four periods of CNY 328.89 MM
MOJO Watch
Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (CNY MM)

Net Profit
Highest at CNY 357.91 MM
in the last five periods
MOJO Watch
Near term Net Profit trend is positive

Net Profit (CNY MM)

Net Profit
At CNY 357.91 MM has Grown at 96.3%
over average net sales of the previous four periods of CNY 182.33 MM
MOJO Watch
Near term Net Profit trend is positive

Net Profit (CNY MM)

EPS
Highest at CNY 0.3
in the last five periods
MOJO Watch
Increasing profitability; company has created higher earnings for shareholders

EPS (CNY)

Inventory Turnover Ratio
Highest at 4.05 times
in the last five Semi-Annual periods
MOJO Watch
Company has been able to sell its inventory faster

Inventory Turnover Ratio

Dividend per share
Highest at CNY 3.84
in the last five years
MOJO Watch
Company is distributing higher dividend from profits generated

DPS (CNY)

Dividend Payout Ratio
Highest at 18.96%
in the last five years
MOJO Watch
Company is distributing higher proportion of profits generated as dividend

DPR (%)

Raw Material Cost
Fallen by -9.89% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin

Raw Material Cost as a percentage of Sales

Depreciation
Highest at CNY 336.37 MM
in the last five periods
MOJO Watch
The expenditure on assets done by the company may have gone into operation

Depreciation (CNY MM)

Here's what is not working for China Resources Microelectronics Ltd.

Interest
At CNY 5.9 MM has Grown at 137.06%
over previous Semi-Annual period
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (CNY MM)

Debtors Turnover Ratio
Lowest at 3.84 times
in the last five Semi-Annual periods
MOJO Watch
Company's pace of selling Debtors has slowed

Debtors Turnover Ratio

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China Resources Microelectronics Ltd. (688396) Stock Recommendation | Score, Valuation, Technicals & Financial Trend