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Chinese maker of automotive electronic control modules, motors and sensors, a key domestic supplier to VW and EV makers.
Chinese maker of automotive electronic control modules, motors and sensors, a key domestic supplier to VW and EV makers.
Wins a program for a vehicle model, then supplies the same control unit for the model's production run, so earnings follow carmakers' volumes and the amount of electronics it supplies per car. Volkswagen's China ventures have long been the largest customers, with domestic electric-vehicle makers a growing share.
Moat: narrow (customer qualification, process know-how). Long-qualified electronics supplier within the VW China supply chain, hard to displace mid-program.
Headquarters: Ningbo, Zhejiang, China · Employees: 3,433
Size Keboda Technology (603786.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.20B, the 1157th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥36.40 on 6 Nov 2026.
Performance Over six months the shares fell 32.3%, against -10.0% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 1.1% over the last twelve months (peer median +11.8%); the operating margin is 9.7% (peer median 6.1%).
Valuation It trades at 20.4× forward earnings against a peer median of 17.3× (10th most expensive of 20).
Capital Return on invested capital runs 0.1 points below its cost of capital (9.4% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.62B | CN¥6.91B | CN¥6.07B | CN¥4.61B | CN¥3.37B |
| Revenue growth | — | +14% | +32% | +37% | — |
| Gross profit | CN¥1.71B | CN¥1.66B | CN¥1.64B | CN¥1.30B | CN¥1.05B |
| EBITDA | n/a | CN¥989M | CN¥916M | CN¥692M | CN¥557M |
| Net income | CN¥607M | CN¥829M | CN¥738M | CN¥609M | CN¥450M |
| Free cash flow | -CN¥300M | CN¥225M | CN¥214M | CN¥103M | -CN¥209M |
| Capital expenditure | CN¥405M | CN¥374M | CN¥363M | CN¥390M | CN¥214M |
| Total debt | CN¥2.85B | CN¥1.07B | CN¥846M | CN¥709M | CN¥367M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Keboda Technology 603786.SS | $2.20B | -32% | -1% | 10% | 20.4× | n/a |
| Foryou 002906.SZ | $1.87B | -25% | +28% | 5% | 13.9× | n/a |
| Bosch BOSCHLTD.NS | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% |
| Valeo FR.PA | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% |
| Forvia FRVIA.PA | $1.93B | -20% | -32% | 5% | n/a | -8.3% |
| Denso 6902.T | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% |
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 | 603786.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -6.2% | 8th highest of 21 |
| 6-month return | -32.3% | -10.0% | 4th lowest of 21 |
| Distance from 52-week high | -57.4% | -35.8% | lowest of 21 |
| Revenue growth (TTM) | -1.1% | +11.8% | 5th lowest of 21 |
| Operating margin | 9.7% | 6.1% | 6th highest of 21 |
| Forward P/E | 20.4× | 17.3× | 10th most expensive of 20 |
| ROIC minus cost of capital | -0.1 pp | -0.9 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| Huada Automotive Technology 603358.SS | China | $2.28B | +3% | +5% | -3% | 24.7× | n/a | n/a |
| Weifu High-Technology 000581.SZ | China | $2.29B | -11% | +17% | -3% | 10.2× | 16.4% | -1.4% |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 12.3× | 3.6% | +9.6% |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 75.9× | 43.2% | +22.7% |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 23.6× | 11.9% | +3.1% |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | n/a | -8.3% | +8.1% |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |