Risk factor
Very high price volatility
Profitability factor
Strong growth
About
Contemporary Amperex Technology Co., Limited engages in the development, production, sale, and energy storage batteries and systems worldwide. It offers EV batteries, such as battery cells, battery modules/racks, and battery packs; ESS batteries comprise battery cells, battery racks, containers, and AC side systems; and battery material products, which includes lithium compounds, precursors, and cathode materials, as well as battery recycling and after-sales services. The company's products are used in passenger vehicles, road passenger transportation, urban delivery, heavy-duty transport, urban street cleaning, construction, two-wheeled vehicles, vessels, special vehicles, energy storage system, as well as emerging applications, such as machinery, vessels, aircraft, and other applications. The company was incorporated in 2011 and is headquartered in Ningde, China.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair value
Target Price
The average target price of 300750.SZ is 542 and suggests 24% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in