CALB Co., Ltd. Class H (HK:3931)
:3931
Top Page
CALB Co., Ltd. Class H
(3931)
Select Model
Select Model
Rating:61Neutral
Price Target:
HK$26.00
▼(-21.21% Downside)
Action:ReiteratedDate:11/21/25
CALB Co., Ltd. has a solid financial performance with strong revenue growth, but faces challenges with cash flow and leverage. Technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. These factors combined result in a moderate overall stock score.
Positive Factors
Sustained Revenue Growth
Consistent double-digit top-line growth indicates durable demand for CALB's batteries across EV and energy storage markets. Over 2-6 months this supports higher capacity utilization, scale economies, stronger supplier terms, and a larger addressable market that underpins long-term revenue visibility.
Negative Factors
Weak Free Cash Flow
Persistent negative free cash flow from heavy capex limits financial flexibility and forces reliance on external funding. Over months this constrains organic funding for expansion, increases refinancing needs, and elevates execution risk for capacity builds and product development amid changing market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent double-digit top-line growth indicates durable demand for CALB's batteries across EV and energy storage markets. Over 2-6 months this supports higher capacity utilization, scale economies, stronger supplier terms, and a larger addressable market that underpins long-term revenue visibility.
Read all positive factors
CALB Co., Ltd. Class H (3931) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$58.49B
Dividend YieldN/A
Average Volume (3M)13.45M
Price to Earnings (P/E)27.8
Beta (1Y)0.78
Revenue Growth16.36%
EPS Growth102.93%
CountryHK
Employees10,534
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.62
Shares Outstanding761,499,400
10 Day Avg. Volume8,045,357
30 Day Avg. Volume13,450,382
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.61
Price to Sales (P/S)0.77
P/FCF Ratio-1.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$41.22Price Target Upside24.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.47
Revenue Forecast (FY)HK$70.37B
CALB Co., Ltd. Class H Business Overview & Revenue Model
Company Description
CALB Group Co., Ltd., a new energy technology company, engages in the research and development, design, production, and sale of electric vehicle (EV) batteries and energy storage system (ESS) products in Mainland China, Europe, Asia, the United St...
How the Company Makes Money
CALB generates revenue primarily through the sale of its lithium battery products, which cater to the growing demand in the electric vehicle market and energy storage systems. Key revenue streams include direct sales to automotive manufacturers, p...
CALB Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.70B | 27.75B | 27.01B | 20.37B | 6.82B | 2.83B |
| Gross Profit | 5.15B | 4.26B | 2.65B | 2.45B | 254.98M | 302.15M |
| EBITDA | 3.62B | 2.70B | 2.51B | 1.51B | 442.29M | 250.81M |
| Net Income | 808.17M | 591.20M | 294.38M | 691.63M | 140.03M | 5.16M |
Balance Sheet | ||||||
| Total Assets | 130.54B | 122.47B | 105.43B | 90.46B | 38.62B | 18.30B |
| Cash, Cash Equivalents and Short-Term Investments | 11.25B | 10.89B | 7.98B | 11.11B | 9.29B | 4.30B |
| Total Debt | 52.53B | 46.22B | 29.25B | 17.82B | 2.92B | 1.11B |
| Total Liabilities | 81.73B | 74.42B | 59.04B | 48.89B | 13.63B | 5.69B |
| Stockholders Equity | 35.65B | 35.18B | 34.65B | 34.38B | 29.56B | 14.42B |
Cash Flow | ||||||
| Free Cash Flow | -10.74B | -13.49B | -17.23B | -33.50B | -11.13B | -1.50B |
| Operating Cash Flow | 2.47B | 3.11B | 2.90B | 3.28B | 2.01B | 2.15B |
| Investing Cash Flow | -15.04B | -18.28B | -19.93B | -24.00B | -15.01B | -5.26B |
| Financing Cash Flow | 6.15B | 16.39B | 13.90B | 29.76B | 14.84B | 4.57B |
CALB Co., Ltd. Class H Technical Analysis
Positive
33.00
Price Trends
27.57
Positive
27.96
Positive
26.09
Positive
Market Momentum
1.47
Negative
66.43
Neutral
67.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3931, the sentiment is Positive. The current price of 33 is above the 20-day moving average (MA) of 29.44, above the 50-day MA of 27.57, and above the 200-day MA of 26.09, indicating a bullish trend. The MACD of 1.47 indicates Negative momentum. The RSI at 66.43 is Neutral, neither overbought nor oversold. The STOCH value of 67.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3931.
CALB Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$1.43B | 8.32 | 8.98% | 6.40% | 13.14% | -28.26% | |
72 Outperform | HK$27.76B | 14.82 | 17.75% | 2.24% | 20.33% | 27.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$1.31B | 12.35 | 19.99% | ― | 11.61% | 287.50% | |
61 Neutral | HK$58.49B | 27.82 | 2.28% | ― | 16.36% | 102.93% | |
48 Neutral | HK$471.32M | -1.78 | -16.83% | ― | -28.40% | -350.00% | |
40 Underperform | HK$192.47M | -7.46 | -6.18% | ― | -0.84% | 42.31% |
* Industrials Sector Average
HK:3931
CALB Co., Ltd. Class H
33.00
18.82
132.72%
HK:2188
China Titans Energy Technology Group Co., Ltd.
0.13
-0.16
-54.74%
HK:1539
Unity Group Holdings International Limited
0.38
-0.05
-11.63%
HK:3393
Wasion Holdings Limited
28.18
21.13
299.72%
HK:8328
Xinyi Electric Storage Holdings Limited
0.60
0.00
0.00%
HK:0842
Leoch International Technology Limited
0.99
0.14
15.79%
CALB Co., Ltd. Class H Corporate Events
CALB Shareholders Approve Key Connected Transaction Caps at 2025 Extraordinary Meeting
Dec 24, 2025
CALB Group Co., Ltd. reported that all resolutions at its third extraordinary general meeting of 2025, held on 24 December in Changzhou, were approved by shareholders via poll, with a turnout representing about 72% of the company’s issued sh...
CALB Lifts Stake in Wuhan Subsidiary to 59.3% via RMB660 Million Connected Deal
Dec 24, 2025
CALB Group Co., Ltd. has increased its stake in a Wuhan-based subsidiary by acquiring an additional 8.3155% equity interest from Wuhan Jingkai Investment Co., Ltd. for RMB660.1 million, following a successful bid in a public tender conducted by th...
CALB Group Announces 2025 Extraordinary General Meeting
Dec 3, 2025
CALB Group Co., Ltd. has announced the convening of its 2025 third extraordinary general meeting to be held on December 24, 2025. The meeting will address several key resolutions, including revisions to the annual cap for the 2025 Entrusted Proces...
CALB Group Completes Strategic Acquisition of Jiangsu Olive Sensors
Nov 21, 2025
CALB Group Co., Ltd. has successfully completed the acquisition of a 10.94% equity interest in Jiangsu Olive Sensors High-tech Corporation Limited, a company listed on the ChiNext Board of the Shenzhen Stock Exchange. This acquisition allows CALB ...
CALB Group Revises 2025 Agreements and Plans New 2026 Frameworks
Nov 12, 2025
CALB Group Co., Ltd. has announced revisions to its 2025 Sales Framework Agreement and 2025 Entrusted Processing Framework Agreement with Luoyang Company due to anticipated demand exceeding current annual caps. The company plans to enter into new ...
CALB Group Announces Change in Corporate Secretarial Team
Nov 12, 2025
CALB Group Co., Ltd. has announced a change in its corporate secretarial team. Cheung Kai Cheong Willie will step down from his roles as joint company secretary, process agent, and authorized representative, effective November 12, 2025. He will be...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.