CALB Group Co Ltd Class H 03931

Morningstar Rating
HK$16.10 −1.26 (7.26%)
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Company Report

Price vs Fair Value

03931 is trading at a LOCK|s%> premium.
Price
HK$16.10
Fair Value
@!
Uncertainty
LOCK|F#!
1-Star Price
LOCK|.$v
5-Star Price
$.N
Economic Moat
LOCK|#D
Capital Allocation
LOCK|@%tt!t

Bulls Say, Bears Say

Bulls

EV battery demand will remain resilient driven by the global vehicle electrification trend. As one of the leading players, CALB will benefit from the robust battery demand growth.

Bears

Given low pricing power, fluctuation in the raw materials prices will significantly affect CALB’s profitability, resulting in volatility and uncertainty in earnings forecast.

Trading Information

Previous Close Price
HK$17.36
Day Range
HK$15.92–17.36
52-Week Range
HK$15.92–39.30
Bid/Ask
HK$16.07 / HK$16.10
Shares Outstanding
1.77B
Market Cap
HK$28.53B
Volume/Avg
2M / 4M

Key Statistics

Price/Earnings (Normalized)
14.08
Price/Sales
0.50
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Headquartered in Changzhou, Jiangsu Province, CALB a leading new energy company specializing in the development, production, sales, and market application of lithium-ion batteries, battery management systems and related integrated products, and lithium battery materials. The company’s products mainly include electric vehicle batteries and energy storage system products. Established in 2015 via a spinoff from parent company, which was ultimately controlled by Aviation Industry Corporation of China, CALB has become one of the leading EV battery companies. With 5% market share in 2025 in terms of installed capacity, CALB ranked fourth among global EV battery companies and third in China with 7% share.
Sector
Industrials
Industry
Electrical Equipment & Parts
Stock Style Box
Mid Core
Total Number of Employees
14,323

Competitors

Valuation

Metric
03931
006400
300750
Price/Earnings (Normalized)
14.08—15.99
Price/Book Value
0.711.673.55
Price/Sales
0.502.572.54
Price/Cash Flow
3.1219.6210.66
Price/Earnings
03931
006400
300750

Financial Strength

Metric
03931
006400
300750
Quick Ratio
0.560.421.20
Current Ratio
0.780.771.56
Interest Coverage
3.980.1838.43
Quick Ratio
03931
006400
300750

Profitability

Metric
03931
006400
300750
Return on Assets (Normalized)
2.08%0.30%9.74%
Return on Equity (Normalized)
8.49%0.59%28.71%
Return on Invested Capital (Normalized)
3.43%0.91%17.81%
Return on Assets
03931
006400
300750

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