Professional
Added to YB: 2024-07-09
Pitch date: 2024-07-07
603195.SS [bullish]
Goneo Group Co., Ltd.
-20.15%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
Goneo Group Co., Ltd. provides electrical products. It offers safety sockets, decorative switches, safe charging stations, digital products, love eye lighting, smart no main light, power tools, smart security locks, home appliances, safety circuit breakers, computer room power distribution, and energy storage products.
Market Cap
CNY 68.5B
Pitch Price
CNY 48.64
Price Target
N/A
Dividend
5.01%
EV/EBITDA
11.97
P/E
16.43
EV/Sales
3.34
Sector
Electrical Equipment
Category
growth
Idea Brunch with Xin Wu of Banyan Partners - Goneo Group Co Ltd
GONEO (603195.SS): Category-leading civil electrical engineering firm. 10-15% rev growth, 20% net margin, 27% ROE. No debt, 14B RMB cash. 80% China market share in electrical connections. 34% share in intelligent lighting. New EV charging venture (149% YoY growth). PE 27, EV/EBITDA 19.2. Catalysts: real estate recovery, EV boom, int'l expansion.
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