Loading…
Employees: 1,317
Size Ningbo Tianlong Electronics (603266.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $448M, the 4113th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.06 on 6 Nov 2026.
Performance Over six months the shares fell 25.6%, against -22.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 2.6% over the last twelve months (peer median +6.6%); the operating margin is 7.9% (peer median 5.4%).
Valuation It trades at 2.2× enterprise value to sales against a peer median of 1.9× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.2 points below its cost of capital (5.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.36B | CN¥1.32B | CN¥1.36B | CN¥1.31B | CN¥1.25B |
| Revenue growth | — | -3% | +4% | +5% | — |
| Gross profit | CN¥289M | CN¥285M | CN¥284M | CN¥274M | CN¥253M |
| EBITDA | CN¥185M | CN¥202M | CN¥211M | CN¥205M | CN¥178M |
| Net income | CN¥94.9M | CN¥106M | CN¥110M | CN¥111M | CN¥123M |
| Free cash flow | CN¥126M | CN¥118M | CN¥126M | CN¥181M | CN¥96.1M |
| Capital expenditure | CN¥75.2M | CN¥64.1M | CN¥88.2M | CN¥62.7M | CN¥58.6M |
| Total debt | CN¥334M | CN¥215M | CN¥208M | CN¥210M | CN¥226M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603266.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.3% | -8.0% | lowest of 21 |
| 6-month return | -25.6% | -22.3% | 8th lowest of 21 |
| Distance from 52-week high | -39.0% | -30.9% | 8th lowest of 21 |
| Revenue growth (TTM) | +2.6% | +6.6% | 10th lowest of 20 |
| Operating margin | 7.9% | 5.4% | 9th highest of 20 |
| EV / Sales | 2.2× | 1.9× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 8.7% | 11.2% | 6th least demanding of 11 |
| Growth delivered (Del g) | +6.3% | +9.0% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | +2.4 pp | +4.2 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | -0.2 pp | -0.9 pp | 7th highest of 20 |
| EV / EBITDA | 16.1× | 9.7× | 2nd most expensive of 10 |
| Net debt / EBITDA | -0.2× | 0.0× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Tianlong Electronics 603266.SS | China | $448M | -26% | +3% | 8% | 2.2× | 8.7% | +6.3% |
| Swaraj Engines SWARAJENG.NS | India | $450M | -13% | +25% | 12% | 1.9× | 19.1% | +15.3% |
| Shanghai Vico Precision Mold & Plastics 301499.SZ | China | $450M | -39% | +16% | 4% | 2.7× | n/a | n/a |
| Changchai 000570.SZ | China | $450M | -23% | +1% | 2% | 1.0× | 7.2% | +1.5% |
| SNT DYNAMICS 003570.KS | South Korea | $446M | -59% | +9% | 8% | 0.8× | n/a | n/a |
| Hefei Conver 603409.SS | China | $451M | -45% | +16% | 11% | 1.9× | n/a | n/a |
| NRB Bearings NRBBEARING.NS | India | $442M | +44% | +14% | 13% | 3.0× | 27.7% | +12.0% |
| Tianjin Pengling 300375.SZ | China | $439M | -20% | +7% | 2% | 1.1× | 21.7% | +11.3% |
| Beijing Tianyishangjia New Material 688033.SS | China | $459M | -34% | -31% | -342% | 8.4× | 15.2% | +10.6% |
| Xin Point 1571.HK | Hong Kong | $437M | -21% | +1% | 19% | 0.6× | n/a | n/a |
| Kehua 603161.SS | China | $433M | -12% | n/a | n/a | n/a | n/a | n/a |
| Chuo Spring 5992.T | Japan | $433M | -28% | +2% | 2% | 0.6× | n/a | n/a |
| DaikyoNishikawa 4246.T | Japan | $431M | +17% | -3% | 6% | 0.4× | -5.1% | +2.0% |
| Shenzhen Roadrover Technology 002813.SZ | China | $470M | -4% | -14% | -16% | 9.0× | n/a | n/a |
| Xingmin Intelligent Transportation Systems (Group) 002355.SZ | China | $426M | -29% | +20% | -19% | 3.6× | n/a | n/a |
| Ningbo Gaofa Automotive Control System 603788.SS | China | $424M | -25% | +3% | 11% | 1.6× | -0.2% | +12.1% |
| Tachi-S 7239.T | Japan | $474M | +6% | -2% | 5% | 0.1× | -16.7% | +6.3% |
| Martinrea International MRE.TO | Canada | $475M | -10% | -3% | 5% | 0.4× | -6.2% | +7.4% |
| Shanghai Lianming Machinery 603006.SS | China | $418M | -19% | +17% | 8% | 2.6× | 18.6% | -5.1% |
| Xuelong 603949.SS | China | $416M | -26% | +10% | 17% | 5.2× | n/a | n/a |
| PXI Auto Components Suzhou 301560.SZ | China | $415M | -24% | +8% | 2% | 2.8× | n/a | n/a |