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CBAK Energy Technology Inc (CBAT)
NASDAQ:CBAT
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CBAK Energy Technology
(NASDAQ:CBAT)
59Neutral
CBAK Energy Technology (CBAT) vs. S&P 500 (SPY)
Market Cap
$59.82M
Dividend YieldN/A
Average Volume (3M)191.94K
Price to Earnings (P/E)5.1
Beta (1Y)0.90
Revenue Growth-13.61%
EPS GrowthN/A
CountryUS
Employees1,463
SectorIndustrials
Sector Strength78
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.05
Shares Outstanding89,939,660
10 Day Avg. Volume251,926
30 Day Avg. Volume191,941
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.42
Price to Cash Flow (P/CF)1.90
P/FCF Ratio3.70
Enterprise Value/Market Cap1.36
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit<0.01
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
CBAK Energy Technology Business Overview & Revenue Model
Company DescriptionCBAK Energy Technology (CBAT) is a leading player in the energy storage industry, specializing in the development, manufacturing, and sale of high-powered lithium batteries. The company's products are primarily utilized in electric vehicles, electric bikes, energy storage systems, and various electronic devices. With a focus on innovation and sustainability, CBAK Energy Technology aims to provide efficient and reliable power solutions to meet the growing demand for clean energy.
How the Company Makes MoneyCBAK Energy Technology generates revenue primarily through the sale of its lithium battery products. The company targets multiple sectors, including transportation, consumer electronics, and renewable energy. Key revenue streams include sales to electric vehicle manufacturers, producers of electric bicycles, and companies involved in renewable energy storage. Additionally, CBAK Energy Technology benefits from strategic partnerships and collaborations with other companies in the industry, which help to expand its market reach and enhance its technological capabilities. The company's earnings are influenced by factors such as technological advancements, demand for electric vehicles, and the global shift towards sustainable energy solutions.
CBAK Energy Technology Financial Statement Overview
Summary
CBAK Energy Technology shows promising financial health with strong revenue growth and improved profitability. The balance sheet reflects a balanced approach to leveraging, while cash flow metrics indicate effective management. The company should continue to focus on maintaining operational efficiency and managing market volatility to sustain its upward trajectory.Income Statement
CBAK Energy Technology has shown a strong improvement in profitability metrics, with a significant increase in gross profit margin and a positive net income for the latest year. The company achieved a revenue growth rate of 86.40% from the previous year, indicating a robust upward trajectory. However, historical EBIT and EBITDA margins have been volatile, which could reflect operational inefficiencies or market pressures.62
Positive
Balance Sheet
The company's balance sheet reflects a stable equity position with a debt-to-equity ratio of 0.25, indicating prudent leverage. The return on equity stands at 9.69%, which shows effective utilization of equity. However, the equity ratio of 40.25% suggests moderate reliance on liabilities, which poses potential risks in a highly volatile market.58
Neutral
Cash Flow
CBAK Energy Technology demonstrates strong cash flow management with a substantial free cash flow growth rate of 46.52%. The operating cash flow to net income ratio is robust, suggesting efficient conversion of earnings into cash flow. Although historical free cash flow to net income ratios have experienced fluctuations, the recent positive trends are promising.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 176.61B | 204.44M | 248.73M | 52.67M | 37.57M | Gross Profit |
| 41.78B | 31.72M | 18.10M | 5.11M | 2.71M | EBIT |
| 8.79B | -181.58K | -11.50M | -11.71M | -4.13M | EBITDA |
| 8.79B | 10.15M | 3.44M | -8.36M | -3.08M | Net Income Common Stockholders |
| 11.79M | -2.45M | -11.33M | 61.49M | -6.50M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 6.72B | 4.75M | 6.52M | 8.15M | 11.92M | Total Assets |
| 302.22B | 281.16M | 244.03M | 262.62M | 142.77M | Total Debt |
| 30.14B | 35.74M | 17.62M | 15.17M | 14.99M | Net Debt |
| 23.42B | 31.10M | 11.10M | 7.81M | 3.31M | Total Liabilities |
| 182.15B | 167.70M | 119.65M | 121.73M | 90.36M | Stockholders Equity |
| 121.67B | 112.82M | 117.50M | 133.29M | 52.40M |
| Cash Flow | Free Cash Flow | |||
| 22.52B | 15.37M | 2.74M | -23.48M | -10.81M | Operating Cash Flow |
| 39.70B | 46.51M | 15.11M | -4.27M | -5.10M | Investing Cash Flow |
| -23.43B | -42.31M | -7.93M | -38.08M | -5.71M | Financing Cash Flow |
| -11.69B | 18.62M | 5.61M | 48.27M | 25.83M |
CBAK Energy Technology Technical Analysis
Neutral
0.80
Price Trends
0.79
Negative
0.85
Negative
0.96
Negative
Market Momentum
>-0.01
Negative
50.53
Neutral
73.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBAT, the sentiment is Neutral. The current price of 0.8 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.79, and below the 200-day MA of 0.96, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.53 is Neutral, neither overbought nor oversold. The STOCH value of 73.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CBAT.
CBAK Energy Technology Risk Analysis
CBAK Energy Technology disclosed 55 risk factors in its most recent earnings report. CBAK Energy Technology reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CBAK Energy Technology Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $73.19M | 11.63 | 4.87% | ― | 3.66% | -13.65% | |
64 Neutral | $4.28B | 11.80 | 5.30% | 250.74% | 4.12% | -9.02% | |
59 Neutral | $59.82M | 5.09 | 10.06% | ― | -13.61% | ― | |
50 Neutral | $145.22M | ― | -283.03% | ― | 46.76% | 19.94% | |
36 Underperform | $28.56M | ― | -130.40% | ― | -16.51% | 0.19% | |
26 Underperform | $28.77M | ― | -860.70% | ― | ― | -12310.81% |
* Industrials Sector Average
Performance Comparison
CBAT
CBAK Energy Technology
0.80
-0.32
-28.57%
ULBI
Ultralife
4.40
-8.15
-64.94%
SKYX
SQL Technologies
1.39
0.32
29.91%
GWH
ESS Tech
2.18
-10.26
-82.48%
SDST
Stardust Power
0.50
-10.73
-95.55%
CBAK Energy Technology Earnings Call Summary
Earnings Call Date:Mar 17, 2025
(Q4-2024)
| % Change Since: -5.88%|
Next Earnings Date:May 08, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong profitability and growth in the battery segment, with significant gross profit and net income increases. However, challenges in the raw materials segment and declining consolidated net revenues present concerns. Overall, the positive performance in the core battery business outweighs the lowlights.Q4-2024 Updates
Positive Updates
Significant Increase in Gross Profit
The gross profit for the battery segment surged by 37.58%, increasing from $31.58 million to $43.05 million. The gross profit margin expanded significantly to 31.5% compared to 23.75% in 2023.
Strong Net Income Growth
Net income for the battery segment increased by 39.08%, from $13.97 million in 2023 to $19.43 million in 2024.
Capacity Expansion Plans
To meet the strong demand, two new production lines for the model 32140 in Nanjing and an upgrade in Dalian are expected to add a total of 5.3 gigawatt hours of production capacity by the end of 2025.
High Demand for Model 32140
The model 32140 cylindrical cell has a strong demand, holding a 19% global market share.
Improved Consolidated Gross Profit
Despite a decline in net revenues, the consolidated gross profit rose by 31.68%, reaching $41.75 million, with a gross profit margin of 23.7%.
Promising Order Book
Significant orders from key clients, including Anker ($51.82 million) and Viessmann Group ($231.2 million), demonstrating strong future demand.
Negative Updates
Decline in Consolidated Net Revenues
Consolidated net revenues declined by 13.51%, falling to $176.61 million from $204.44 million in 2023.
Challenges in Raw Materials Segment
The raw materials production unit, Hitrans, faced challenges due to declining prices and oversupply, impacting consolidated results.
Potential Geopolitical Risks
Concerns about tariffs and geopolitical risks have prompted the company to consider establishing overseas production capacity.
Company Guidance
In the call, CBAK Energy Technology reported a modest increase in net revenues for their battery segment by 2.7%, reaching $136.59 million for 2024. Despite the moderate revenue growth, their gross profit surged by 37.58%, while the gross profit margin expanded significantly to 31.5%, up from 23.75% in 2023. Net income for the battery segment also increased by 39.08%, totaling $19.43 million compared to $13.97 million in the previous year. The company is addressing high demand for their model 32140 cylindrical cell by commissioning new production lines in Nanjing, expected to add 3 gigawatt hours of capacity by the end of 2025. Additionally, they are upgrading their Dalian facility to introduce the model 40135 battery, adding 2.3 gigawatt hours of capacity. With these expansions, CBAK anticipates substantial revenue growth starting in 2026. The company also plans to establish an overseas factory to mitigate geopolitical risks and tariffs, aiming to supply customers by 2026. Overall, despite challenges in their raw materials unit, CBAK remains confident in their battery segment's profitability and future growth.CBAK Energy Technology Corporate Events
Executive/Board Changes
Leadership Transition at CBAK Energy Technology
Positive
Oct 25, 2024
On October 24, 2024, Mr. Yunfei Li stepped down as CEO and President of the Company for personal reasons, paving the way for Mr. Zhiguang Hu to take the helm. With a long-standing history in the sales and marketing departments since 2004, Mr. Hu has been instrumental in boosting the Company’s battery business revenues. His extensive experience and leadership skills make him a promising choice to lead the Company into its next phase of growth.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.