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1 Comment
Ningbo Orient Wires & Cables Co.,Ltd is currently in a long term downtrend where the price is trading 9.3% below its 200 day moving average.
From a valuation standpoint, the stock is 40.7% cheaper than other stocks from the Industrials sector with a price to sales ratio of 3.0.
Ningbo Orient Wires & Cables Co.,Ltd's total revenue rose by 36.4% to $2B since the same quarter in the previous year.
Its net income has increased by 82.9% to $274M since the same quarter in the previous year.
Finally, its free cash flow fell by 113.5% to $-66M since the same quarter in the previous year.
Based on the above factors, Ningbo Orient Wires & Cables Co.,Ltd gets an overall score of 3/5.
| Exchange | SHG |
|---|---|
| CurrencyCode | CNY |
| ISIN | CNE100001T23 |
| Sector | Industrials |
| Industry | Electrical Equipment & Parts |
| PE Ratio | 34.51 |
|---|---|
| Target Price | 63.48 |
| Beta | 0.2 |
| Market Cap | 36B |
| Dividend Yield | None |
Ningbo Orient Wires & Cables Co.,Ltd. provides land and subsea cable solutions in China and internationally. The company offers subsea cable systems for intercontinental power transmissions; inter array cables, export cables, and dynamic IAC products for offshore renewables; and dynamic and umbilical cables for oil and gas sector. It also provides land cable systems for smart grids, smart homes, transportation, smart telecommunication, electrical equipment, and green petrochemical applications. In addition, the company offers offshore engineering services comprising laying services, such as transportation of submarine cables and accessories, submarine cable laying and burial construction, on-site joint planned or urgent repair execution, construction of submarine cable landing on the substation platform and control center, installation of submarine cable accessories, transfer of residual cables and accessories, etc.; testing, monitoring, repair and maintenance services for installed products; emergency repairing services; and completion acceptance services, such as high voltage test, fiber attenuation test, resistance test, capacitance test, submarine cable line parameter test, etc. Its products are used in various fields, including utilities, telecommunication, oil and gas, construction, and renewables. The company was incorporated in 1998 and is headquartered in Ningbo, China.
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