Added to YB: 2025-03-06
Pitch date: 2025-01-15
3606.HK [bullish]
Fuyao Glass Industry Group Co., Ltd.
+31.29%
current return
Author Info
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Company Info
Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, engages in the provision of safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.
Market Cap
HKD 141.6B
Pitch Price
HKD 50.12
Price Target
N/A
Dividend
2.32%
EV/EBITDA
13.59
P/E
20.87
EV/Sales
3.68
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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