Added to YB: 2025-03-06
Pitch date: 2025-01-15
3606.HK [bullish]
Fuyao Glass Industry Group Co., Ltd.
+17.58%
current return
Author Info
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Company Info
Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.
Market Cap
CNY 146.4B
Pitch Price
CNY 49.03
Price Target
N/A
Dividend
4.14%
EV/EBITDA
11.08
P/E
17.82
EV/Sales
3.16
Sector
Automobile Components
Category
growth
Fuyao Glass Industry Group Co., Ltd. - $3606.HK
3606.HK: #1 global auto glass player (35% share). Expanding capacity while competitors cut back. EV/ADAS driving mix shift to high-value products (all-glass roofs, HUD, ADAS cameras). Revenue +20% YoY, ASP +9%. High-value mix 58% (9M24), targeting 75%. GM 38.8% (3Q24). Trades 15x '25 P/E, 13x '26 P/E despite 20% growth.
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