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Tongwei Co.,Ltd (600438) Stock Verdict & Ratings | Investment Bastion

Stock Verdict·Updated 1d ago

Tongwei Co.,Ltd

600438Market cap $7.56BPrice $1.7

Country🇨🇳China

SectorTechnology

IndustrySemiconductors

Tongwei produces polysilicon and solar cells at massive scale, feeding China's solar supply chain from raw material to finished panel. It's one of the world's largest polysilicon makers, giving it outsized influence over global solar panel pricing and production.

In Bastion Portfolios?

52W Return-48%Global Market +16%?

01Key Ratings

How does this stock score across Bastion factors?

Growth

Historical Revenue

Rev CAGR (3y)-16%1

Revenue Forecast

Rev CAGR (1y)+3%4

Rev CAGR (3y)+8%6

Rev CAGR (5y)+12%8

Earnings Forecast

EPS Growth Y+1Loss1

EPS Growth Y+20%5

EPS Growth Y+3+117%10

Quality

Margins

EBIT Margin-10%1

Net Income Margin-12%1

Free Cash Flow Margin-10%2

Debt

Net Debt/EBITDA15.61

Efficiency

ROE-25%1

ROA-6%1

Earnings Stability22

GEAR+VERY WEAK11

Overall rating across all five factors

Value

Price Multiples

P/E Ratio (Forward)137

P/E Ratio (Forward 3y)164

P/BV1.58

EV Multiples

EV/EBITDA Fwd144

EV/EBIT Fwdna–

Yield

Free Cash Flow Yield-15.2%1

Dividend Yieldna–

Momentum

Short term

1 month return-1%7

3 month return+1%6

YTD return-44%1

Mid term

Price vs 52wHigh42%1

1 year return-48%1

Long term

3 year return-63%1

5 year return-74%1

Risk Shield

Price Risk

Beta0.39

Volatility44%4

Free Cash Flow

Free Cash Flow Margin-10%2

Free Cash Flow Yield-15.2%1

Quality

ROCE-6%1

Earnings Stability22

Net Debt/EBITDA15.61

02Growth

Is it actually growing, and how fast?

600438Tongwei Co.,Ltd

Revenue FY25$12.0B

GROWTH RATING↗

AVERAGE51 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR-16%1

Revenue, next 1Y+3%4

Revenue, next 3Y, CAGR+8%6

Revenue, next 5Y, CAGR+12%8

EARNINGS FORECAST▾SCORE

EPS growth, FY26ELoss1

EPS growth, FY27E0%5

EPS growth, FY28E+117%10

GROWTH ASSESSMENT

STRENGTHS

After shrinking over the last 3 years, revenue is set to grow 8%/yr from here.

The runway holds up: revenue is set to grow 12%/yr over five years.8/10

WATCH

A mid-pack grower, ahead of 51% of companies worldwide.

Revenue is set to grow 8%/yr over the next 3 years, a little ahead of the market.6/10

WEAKNESSES

Revenue fell 16%/yr over the last 3 years, behind 90% of companies worldwide.1/10

The company is loss-making, so its revenue growth is not backed by profit yet.

BOTTOM LINE

Steady Grower

A middle-of-the-pack grower that's turning around. The one thing to watch: the company is not profitable yet.

03Price Momentum

Is the market behind it right now?

600438Tongwei Co.,Ltd

Total return Current133%

Price return Current87.3%

MOMENTUM RATING↗

VERY WEAK12 / 100

SHORT-TERM RETURNS▾SCORE

1-month return-1%7

3-month return+1%6

YTD return-44%1

MID & LONG-TERM▾SCORE

% of 52-week high42%1

1-year return-48%1

3-year return-63%1

5-year return-74%1

MOMENTUM ASSESSMENT

STRENGTHS

Strong recent results. The stock is outperforming over the past month (-1%).

WATCH

Returns sit at the market level over three months (+1%).

WEAKNESSES

Weak long-term results. It has been a disappointing long-term hold (-63% over three years and -74% over five), behind 90% of the market.

It's down 48% over the past year, now 58% below its 52-week high. That is lagging the market.

The stock is underperforming so far this year (-44%).

BOTTOM LINE

Weak Tape

Returns across short and long horizons rank poorly versus the market. Momentum offers no support here; the case has to come from other factors. The one thing to watch: the multi-year record is weak.

04Value

Are you paying a fair price for it?

Stop guessing on Tongwei. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

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02Growth

Is it actually growing, and how fast?

600438Tongwei Co.,Ltd

Revenue FY25$12.0B

GROWTH RATING↗

AVERAGE51 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR-16%1

Revenue, next 1Y+3%4

Revenue, next 3Y, CAGR+8%6

Revenue, next 5Y, CAGR+12%8

EARNINGS FORECAST▾SCORE

EPS growth, FY26ELoss1

EPS growth, FY27E0%5

EPS growth, FY28E+117%10

GROWTH ASSESSMENT

STRENGTHS

After shrinking over the last 3 years, revenue is set to grow 8%/yr from here.

The runway holds up: revenue is set to grow 12%/yr over five years.8/10

WATCH

A mid-pack grower, ahead of 51% of companies worldwide.

Revenue is set to grow 8%/yr over the next 3 years, a little ahead of the market.6/10

WEAKNESSES

Revenue fell 16%/yr over the last 3 years, behind 90% of companies worldwide.1/10

The company is loss-making, so its revenue growth is not backed by profit yet.

BOTTOM LINE

Steady Grower

A middle-of-the-pack grower that's turning around. The one thing to watch: the company is not profitable yet.

03Price Momentum

Is the market behind it right now?

600438Tongwei Co.,Ltd

Total return Current133%

Price return Current87.3%

MOMENTUM RATING↗

VERY WEAK12 / 100

SHORT-TERM RETURNS▾SCORE

1-month return-1%7

3-month return+1%6

YTD return-44%1

MID & LONG-TERM▾SCORE

% of 52-week high42%1

1-year return-48%1

3-year return-63%1

5-year return-74%1

MOMENTUM ASSESSMENT

STRENGTHS

Strong recent results. The stock is outperforming over the past month (-1%).

WATCH

Returns sit at the market level over three months (+1%).

WEAKNESSES

Weak long-term results. It has been a disappointing long-term hold (-63% over three years and -74% over five), behind 90% of the market.

It's down 48% over the past year, now 58% below its 52-week high. That is lagging the market.

The stock is underperforming so far this year (-44%).

BOTTOM LINE

Weak Tape

Returns across short and long horizons rank poorly versus the market. Momentum offers no support here; the case has to come from other factors. The one thing to watch: the multi-year record is weak.

04Value

Are you paying a fair price for it?

Stop guessing on Tongwei. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

✓
Stock VerdictValuation and investment strategy for 4,000+ stocks. Days of hedge fund analyst research, done in 2 minutes.
✓
RadarFind your next investment idea: top-ranked stocks across all 9 Bastion strategies.
✓
Portfolio ManagerCheck if Bastion algorithms added the stock you care about to their portfolios.

Secure via Stripe

Trusted by 1,000+ investors in our community