China Ludao Technology Co (HKSE:02023) GF Value Rank : 9 (As of Jun. 19, 2024)

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What is China Ludao Technology Co GF Value Rank?

China Ludao Technology Co has the GF Value Rank of 9.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of China Ludao Technology Co's GF Value Rank

For the Household & Personal Products subindustry, China Ludao Technology Co's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Ludao Technology Co's GF Value Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Ludao Technology Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where China Ludao Technology Co's GF Value Rank falls into.

China Ludao Technology Co GF Value Rank Related Terms

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China Ludao Technology Co (HKSE:02023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Ludao Technology Co Ltd (HKSE:02023) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Sanmen Industry Road, Sanmen Industry Zone, Zhejiang Province, Taizhou, CHN

Website

https://www.ludaocn.com

China Ludao Technology Co Ltd is principally engaged in the manufacture and sale of aerosol products in the People's Republic of China (the PRC). Its products include household and auto care products, air fresheners, personal care products, and insecticides. The firm offers a range of products including aerosol air fresheners, aromatherapy air fresheners, car air fresheners, carpet and room deodorizers, crystal beads air fresheners, electric air fresheners, solid air fresheners, and other air freshener products. Customers of the company are from Mainland China, the United States of America, Europe, and others. The majority of its revenue is derived from Mainland China.

Executives

Ludao China Investments Holdings Limited	2101 Beneficial owner
Wang Jinfei	2202 Interest of your spouse
Yu Yuerong	2201 Interest of corporation controlled by you
Perfect Century Group Limited	2101 Beneficial owner

China Ludao Technology Co (HKSE:02023) Headlines

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