BaTeLab Co., Ltd. (2149) AI Stock Analysis

• Market Cap: HK$2.60B
• Dividend Yield: N/A
• Average Volume (3M): 174.12K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 0.22
• Revenue Growth: 5.19%
• EPS Growth: 34.68%
• Country: HK
• Employees: 116
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 1.38
• Shares Outstanding: 18,000,000
• 10 Day Avg. Volume: 105,870
• 30 Day Avg. Volume: 174,116
• PEG Ratio: 0.62
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 2.65
• P/FCF Ratio: -75.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$93.00
• Price Target Upside: 125.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: HK$47.00 ▲(13.97% Upside)

BaTeLab Co., Ltd. demonstrates strong financial performance with robust revenue growth and profitability. However, technical indicators suggest a bearish trend, which significantly impacts the overall score. The stock's valuation is reasonable, but the lack of a dividend yield may deter some investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Profitability

Improved profitability margins suggest effective cost control and pricing strategies, enhancing the company's financial resilience.

Balance Sheet Health

A strong equity position and manageable leverage levels provide financial stability and flexibility for future investments.

Negative Factors

Cash Flow Management

Inability to convert earnings into cash could limit the company's ability to fund growth initiatives and manage financial obligations.

Debt Levels

Rising debt levels may strain financial resources and increase risk, potentially impacting long-term financial health.

Free Cash Flow

Negative free cash flow suggests challenges in funding operations and investments, which could hinder growth and strategic initiatives.

BaTeLab Co., Ltd. Business Overview & Revenue Model

Company Description

BaTeLab Co., Ltd. engages in the research, development, and sale of analog integrated circuit (IC) patterned wafers used in packaging and testing solutions in China. It offers power management products, including AC-DC and DC-DC switching regulators, multi-channel ICs and PMICs, linear regulators, battery management ICs, monitoring and modulating ICs, and driver ICs. The company also provides signal chain products, such as linear products. Its products are used in industries and fields, including automotive electronics, healthcare, industrial automation, industrial Internet of Things, industrial lighting, instrumentation, communications, electric power, energy storage, and consumer electronics. BaTeLab Co., Ltd. was incorporated in 2010 and is headquartered in Suzhou, China.

How the Company Makes Money

BaTeLab Co., Ltd. generates revenue primarily through the sale of its electronic components and systems to manufacturers and businesses across multiple sectors. The company's key revenue streams include direct sales of semiconductor products, long-term contracts with major electronics manufacturers, and licensing agreements for its proprietary technologies. Additionally, BaTeLab benefits from partnerships with industry leaders, enabling it to expand its market reach and enhance its product offerings. The company's investment in research and development also allows it to introduce new products that meet evolving market demands, thus driving further sales and revenue growth.

BaTeLab Co., Ltd. Financial Statement Overview

Summary

BaTeLab Co., Ltd. shows strong revenue growth and profitability with a solid balance sheet. However, cash flow management needs improvement, particularly in generating positive free cash flow.

Income Statement

BaTeLab Co., Ltd. has demonstrated strong revenue growth with a significant increase from the previous year, indicating robust market demand. The gross profit margin is healthy, and the net profit margin has improved, reflecting efficient cost management. The EBIT and EBITDA margins are also solid, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and profitability.

Balance Sheet

The balance sheet of BaTeLab Co., Ltd. shows a strong equity position with a favorable equity ratio, indicating financial stability. The debt-to-equity ratio is moderate, suggesting manageable leverage levels. Return on equity is impressive, highlighting effective utilization of equity capital. However, the increase in total debt warrants monitoring to ensure it remains within sustainable levels.

Cash Flow

BaTeLab Co., Ltd. has experienced challenges in generating positive free cash flow, which is a concern despite positive operating cash flow. The free cash flow to net income ratio is negative, indicating potential issues in converting earnings into cash. However, the operating cash flow to net income ratio is positive, suggesting that operational activities are generating cash, albeit not enough to cover capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	579.95M	578.81M	463.88M	409.93M	212.71M	88.72M
Gross Profit	308.93M	306.92M	257.11M	231.79M	144.63M	54.78M
EBITDA	167.28M	144.94M	119.02M	96.73M	58.01M	16.68M
Net Income	176.63M	166.60M	109.16M	95.26M	56.97M	13.99M
Balance Sheet
Total Assets	1.82B	1.61B	1.27B	668.62M	435.55M	203.52M
Cash, Cash Equivalents and Short-Term Investments	636.44M	636.02M	550.84M	162.51M	146.78M	67.49M
Total Debt	364.46M	325.22M	182.63M	102.08M	36.89M	20.30M
Total Liabilities	625.08M	603.81M	432.70M	224.20M	67.87M	163.43M
Stockholders Equity	1.19B	1.01B	838.23M	395.83M	300.57M	33.81M
Cash Flow
Free Cash Flow	103.57M	-20.34M	-13.40M	-34.68M	-33.62M	-54.21M
Operating Cash Flow	105.46M	13.56M	30.28M	-12.91M	10.03M	-47.71M
Investing Cash Flow	-31.91M	-63.95M	-41.70M	-15.48M	19.60M	-48.89M
Financing Cash Flow	68.86M	127.56M	400.68M	62.63M	104.94M	91.06M

BaTeLab Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 41.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2149, the sentiment is Negative. The current price of 41.24 is below the 20-day moving average (MA) of 43.71, below the 50-day MA of 46.94, and below the 200-day MA of 51.34, indicating a bearish trend. The MACD of -1.46 indicates Positive momentum. The RSI at 31.31 is Neutral, neither overbought nor oversold. The STOCH value of 22.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2149.

BaTeLab Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2149	63 Neutral	HK$2.60B	12.79	16.76%	―	5.19%	34.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
0085	61 Neutral	HK$2.66B	6.29	17.96%	6.98%	-18.35%	-6.00%
1385	59 Neutral	HK$50.91B	68.32	7.85%	0.20%	12.62%	-4.75%
2878	56 Neutral	€1.06B	20.53	4.98%	―	-25.16%	-51.97%
1347	50 Neutral	HK$141.77B	2,343.33	0.12%	0.23%	19.15%	-94.32%
8490	41 Neutral	HK$81.13M	-1.07	-41.46%	―	-26.02%	-4977.27%

BaTeLab Co., Ltd. Corporate Events

BaTeLab Co., Ltd. Updates on 2024 RSU Scheme Details

BaTeLab Co., Ltd. has issued a supplemental announcement regarding its 2024 Annual Report, specifically addressing details of its Restricted Share Unit Scheme. The company granted 494,595 RSUs to two grantees, with the shares priced at HK$29.05 per H share, representing approximately 0.82% of the weighted average number of shares in issue during the reporting period. This announcement clarifies aspects of the RSU Scheme but does not alter other information in the annual report, maintaining transparency for stakeholders.