In This Article:
Attractive stocks have exceptional fundamentals. In the case of China Harmony New Energy Auto Holding Limited (HKG:3836), there's is a company that has been able to sustain great financial health, trading at an attractive share price. Below, I've touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, read the full report on China Harmony New Energy Auto Holding here.
Excellent balance sheet and good value
3836 is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is a crucial insight into the health of the company. With a debt-to-equity ratio of 28%, 3836’s debt level is reasonable. This means that 3836’s capital structure strikes a good balance between low-cost debt funding and maintaining financial flexibility without overly restrictive terms of debt. 3836's shares are now trading at a price below its true value based on its PE ratio of 5.87x, compared to the industry and wider stock market ratio, which means it is relatively cheaper than its peers.
Next Steps:
For China Harmony New Energy Auto Holding, I've compiled three pertinent aspects you should further research:
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Future Outlook: What are well-informed industry analysts predicting for 3836’s future growth? Take a look at our free research report of analyst consensus for 3836’s outlook.
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Historical Performance: What has 3836's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of 3836? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.