JA Solar Technology Co., Ltd. (002459) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Comparison

Company

Score

Quality

Valuation

Financial

Technical

JA Solar Technology Co., Ltd.

Why is JA Solar Technology Co., Ltd. ?

High Debt Company with a Debt to Equity ratio (avg) at times

Poor long term growth as Net Sales has grown by an annual rate of 12.10% and Operating profit at -183.92% over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at times
The company has been able to generate a Return on Equity (avg) of 12.18% signifying low profitability per unit of shareholders funds

Poor long term growth as Net Sales has grown by an annual rate of 12.10% and Operating profit at -183.92% over the last 5 years

The company has declared negative results for the last 6 consecutive quarters

PRE-TAX PROFIT(Q) At CNY -1,597.19 MM has Fallen at -120.86%
NET PROFIT(Q) At CNY -1,457.15 MM has Fallen at -239.06%
ROCE(HY) Lowest at -19.06%

Risky -

The stock is trading risky as compared to its average historical valuations
Over the past year, while the stock has generated a return of -14.87%, its profits have fallen by -1029.5%
At the current price, the company has a high dividend yield of 0

Consistent Underperformance against the benchmark over the last 3 years

Along with generating -14.87% returns in the last 1 year, the stock has also underperformed China Shanghai Composite in each of the last 3 annual periods

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

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

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is JA Solar Technology Co., Ltd. for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

JA Solar Technology Co., Ltd.

-34.66%

0.22

43.02%

China Shanghai Composite

14.77%

1.01

15.10%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

12.10%

EBIT Growth (5y)

-183.92%

EBIT to Interest (avg)

6.61

Debt to EBITDA (avg)

1.54

Net Debt to Equity (avg)

1.02

Sales to Capital Employed (avg)

1.14

Tax Ratio

1.76%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

9.58%

ROE (avg)

12.18%

Valuation

Valuation Scorecard

Valuation grade scale :

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

Valuation Key Factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

1.61

EV to EBIT

-9.58

EV to EBITDA

-1675.68

EV to Capital Employed

1.33

EV to Sales

1.10

PEG Ratio

Dividend Yield

ROCE (Latest)

-13.84%

ROE (Latest)

-25.71%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Mildly Bullish

Dow Theory

Mildly Bearish

OBV

Mildly Bearish

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

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

1What is working for the Company

CASH AND EQV(HY)

Highest at CNY 53,240.65 MM

-41What is not working for the Company

PRE-TAX PROFIT(Q)

At CNY -1,597.19 MM has Fallen at -120.86%

NET PROFIT(Q)

At CNY -1,457.15 MM has Fallen at -239.06%

ROCE(HY)

Lowest at -19.06%

RAW MATERIAL COST(Y)

Grown by 368.04% (YoY

DEBT-EQUITY RATIO (HY)

Highest at 131.85 %

DEBTORS TURNOVER RATIO(HY)

Lowest at 4.46%

NET SALES(Q)

Lowest at CNY 10,597.62 MM

INTEREST(Q)

Highest at CNY 353.88 MM

OPERATING PROFIT MARGIN(Q)

Lowest at -15.87 %

Here's what is working for JA Solar Technology Co., Ltd.

Cash and Eqv

Highest at CNY 53,240.65 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Here's what is not working for JA Solar Technology Co., Ltd.

Net Sales

At CNY 10,597.62 MM has Fallen at -33.35%

Year on Year (YoY)

MOJO Watch

Near term sales trend is extremely negative

Net Sales (CNY MM)

Pre-Tax Profit

At CNY -1,597.19 MM has Fallen at -120.86%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is very negative

Pre-Tax Profit (CNY MM)

Net Profit

At CNY -1,457.15 MM has Fallen at -239.06%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is very negative

Net Profit (CNY MM)

Net Sales

Lowest at CNY 10,597.62 MM

in the last five periods

MOJO Watch

Near term sales trend is negative

Net Sales (CNY MM)

Interest

Highest at CNY 353.88 MM

in the last five periods and Increased by 5.74% (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (CNY MM)

Operating Profit Margin

Lowest at -15.87 %

in the last five periods

MOJO Watch

Company's profit margin has deteriorated

Operating Profit to Sales

Debt-Equity Ratio

Highest at 131.85 %

in the last five Semi-Annual periods

MOJO Watch

The company is borrowing more to fund its operations; it's liquidity situation may be stressed

Debt-Equity Ratio

Debtors Turnover Ratio

Lowest at 4.46%

in the last five Semi-Annual periods

MOJO Watch

Company's pace of selling Debtors has slowed

Debtors Turnover Ratio

Raw Material Cost

Grown by 368.04% (YoY)

MOJO Watch

The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin

Raw Material Cost as a percentage of Sales