Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Greatly overvalued vs peers
About
Established in 2003 and headquartered in Suzhou, China, Bafang Electric (Suzhou) Co., Ltd. specializes in manufacturing electric mobility components and integrated systems. Their solutions primarily serve the e-bike and electric scooter markets across Europe, China, and the United States. The company's extensive product portfolio features a variety of drive systems, including mid-drive, front, rear, BBS, e-kickboard, and e-tricycle options. They also provide diverse motor types, such as front, mid, rear, and complete wheel designs, alongside advanced human-machine interface (HMI) products like LED and LCD displays. Power solutions are another key offering, comprising carrier and frame-downtube batteries, chargers, and Bluetooth modules. Critical control elements are available, including speed detection and pedal sensors, as well as sine and square wave controllers. Furthermore, Bafang supplies essential connectivity with bus, light, power, and motor extension cables. Beyond these core components, the firm offers a comprehensive range of accessories, including bash guards, carriers, throttles, e-brakes, chain wheels, cranks, various fixation parts, handle lock nuts, chain cases, and motor covers.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI
Target Price
The average target price of 603489.SS is 32.7 and suggests 17.2% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to