Risk factor
Good trading liquidity
Profitability factor
Good growth
About
Tongling Jingda Special Magnet Wire Co., Ltd., established in 1990 and headquartered in Tongling, China, specializes in the production and distribution of a comprehensive range of sophisticated magnet wires and related conductor products. The company's core offering includes various types of round enameled copper wires, featuring insulations such as polyimide, polyamide-imide, self-lubricated multi-layer composite, solderable polyester, and polyvinyl formal (PVF). These copper wires are specifically engineered for demanding applications like DC inverter compressors, as well as compressors used in HFC and R134a air-conditioning units. In addition, Tongling Jingda manufactures a diverse selection of round enameled aluminum wires, including polyurethane, polyesterimide/polyamideimide composite, polyesterimide, and polyestermide varieties. Both their copper and aluminum enameled wire lines also feature corona-resistant options, vital for inverter motors and HFC 134a refrigerating compressors. Beyond magnet wires, the company produces a variety of automobile wires, such as single-line tinned wires, multi-line bare and tinned copper wires, and bunched bare copper wires. Their specialized conductors segment encompasses multi-line silver-plated copper wires, heating conductors, alloy conductors, and bunched copper wires with tin, silver, or nickel plating. The product portfolio further extends to foundational rod materials, including oxygen-free copper rods, electrical round aluminum rods, and various bare copper and aluminum wires. To support its manufacturing processes, Tongling Jingda also provides natural diamond/polycrystal drawing dies and polycrystal enameling dies. These high-performance products are integral to numerous industries, including household appliances, electronics, automotive, electric power, communication, and power tools. With a strong domestic presence in China, Tongling Jingda also maintains a significant international footprint, exporting its goods to markets across Europe and South Asia.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is reasonably priced on P/E, of fair value on E