Henan Yicheng New Energy Co (SZSE:300080) GF Value Rank : 8 (As of May. 26, 2024)

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What is Henan Yicheng New Energy Co GF Value Rank?

Henan Yicheng New Energy Co has the GF Value Rank of 8.

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 Henan Yicheng New Energy Co's GF Value Rank

For the Semiconductor Equipment & Materials subindustry, Henan Yicheng New Energy 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.

Henan Yicheng New Energy Co's GF Value Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Henan Yicheng New Energy Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Henan Yicheng New Energy Co's GF Value Rank falls into.

Henan Yicheng New Energy Co GF Value Rank Related Terms

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Henan Yicheng New Energy Co (SZSE:300080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Henan Yicheng New Energy Co Ltd (SZSE:300080) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Kaifeng Fine Chemical Industrial Park, Henan Province, Henan, Kaifeng, CHN, 475000

Website

http://www.xindaxin.cn

Henan Yicheng New Energy Co Ltd is engaged in the production of solar crustal wafer cutting blade, recycling of waste mortar, solar power station construction, production and sales of negative electrode materials, and production and sales of monocrystalline silicon cells.

Executives

Chang Xing Hua	Directors, executives
Wang Shao Feng	Director
Lan Xiao Long	Executives
Yang Guang Jie	Executives
Cui Qiang	Executives
Wang An Le	Director
Yang Guo Xin	Executives
Wan Jian Min	Executives
Cui Yi	Independent director
Mai Zhi Yong	Directors, executives
Song He Chen	Director
Jiang Wei Hai	Director
Xu Yu Zhu	Executives
Ji Fang Yin	Director
Hao Yu Hui	Director

Henan Yicheng New Energy Co (SZSE:300080) Headlines

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