JL Mag’s third-quarter revenue grew 56% year on year despite lackluster downstream electric vehicle sales. Gross margin was down 4 percentage points from a year ago but remained stable sequentially.
Benefiting from China’s significant increase in NEV sales, JL Mag would record strong demand from leading NEV manufacturers and fast revenue growth.
Rare-earth minerals account for over 70% of JL Mag’s cost of sales, and the company has less control over rare-earth prices. A shortage in rare-earth supply may drive up prices and negatively affect profitability.
|
Metric
|
300748
|
002466
|
00916
|
|---|---|---|---|
Price/Earnings (Normalized) | 37.11 | 11.21 | 10.28 |
Price/Book Value | 4.21 | 1.27 | 0.47 |
Price/Sales | 3.68 | 2.95 | 1.28 |
Price/Cash Flow | 21.99 | 9.75 | 1.77 |
|
Metric
|
300748
|
002466
|
00916
|
|---|---|---|---|
Quick Ratio | 0.97 | 2.37 | 0.64 |
Current Ratio | 1.59 | 2.93 | 0.68 |
Interest Coverage | 10.31 | 25.38 | 2.80 |
|
Metric
|
300748
|
002466
|
00916
|
|---|---|---|---|
Return on Assets (Normalized) | 5.48% | 7.39% | 1.32% |
Return on Equity (Normalized) | 11.42% | 12.73% | 4.67% |
Return on Invested Capital (Normalized) | 8.42% | 8.62% | 2.59% |
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1-Day Chart
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Price
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Morningstar Rating for Stocks
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United States