Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Favourable price performance
About
Zhejiang Three Stars New Materials Co., Ltd. is a China-based enterprise specializing in the production and sale of various glass door solutions. Their extensive product line features hollow, single-panel, and injection-molded glass doors. Beyond these, they also offer specialized glass items such as coated, tempered, and touch screen glass, along with PVC extrusion profiles. The company's offerings further extend to the refrigeration sector, including doors for sliding units, wine coolers, chest freezers, and beverage freezers. They also provide complete ice-cream cabinets, glass shelves, and various door accessories. A primary supplier to refrigeration equipment manufacturers, Zhejiang Three Stars exports its products to a global market, reaching countries like the United States, Brazil, and Australia, as well as the broader Middle East and Southeast Asian regions. The company, established in 1999, is headquartered in Deqing, China.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA, undervalued on P/F