Shanghai New Power Automotive Technology Co (SHSE:600841) GF Value Rank : 5 (As of Dec. 15, 2024)

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What is Shanghai New Power Automotive Technology Co GF Value Rank?

Shanghai New Power Automotive Technology Co has the GF Value Rank of 5.

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 Shanghai New Power Automotive Technology Co's GF Value Rank

For the Farm & Heavy Construction Machinery subindustry, Shanghai New Power Automotive 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.

Shanghai New Power Automotive Technology Co's GF Value Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Shanghai New Power Automotive Technology Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Shanghai New Power Automotive Technology Co's GF Value Rank falls into.

Shanghai New Power Automotive Technology Co GF Value Rank Related Terms

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Shanghai New Power Automotive Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shanghai New Power Automotive Technology Co Ltd (SHSE:600841) » Definitions » GF Value Rank

Traded in Other Exchanges

900920:China

Address

No. 2636 Jungong Road, Shanghai, CHN, 200438

Website

http://www.sdec.com.cn

Shanghai New Power Automotive Technology Co Ltd formerly Shanghai Diesel Engine Co Ltd is engaged in research, development, and manufacture of engines, engine parts, and generator set in China. Its products include truck engine, construction machinery engine, bus engine, agricultural machinery engine, power generation engine, marine engine, and generator set. The company distributes its products within the domestic market and to overseas markets.

Executives

Shi Yi Meng	Supervisors
Qian Jun	Director
Wang Hong Bin	senior management
Sun Yu	Director
Jin Gang	senior management
Zhu Jian Kang	senior management
Lv Wei	senior management
Jiang Bao Xin	Director
Wang Xiao Qiu	Director

Shanghai New Power Automotive Technology Co Headlines

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