A Business at a Glance
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CBAK Energy Technology, Inc.
CBAT
$49M
Mkt Cap
$0.52
+4.50%
CBAK Energy Technology, Inc. (CBAT) has a current P/E ratio of 150600365354516704.0.
CBAK Energy Technology, Inc. (CBAT) has a 5-year average return on invested capital (ROIC) of 10.1%. This indicates solid capital allocation.
CBAK Energy Technology, Inc. (CBAT) has a market capitalization of $49M. It is classified as a small-cap stock.
CBAK Energy Technology, Inc. (CBAT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.06%.
CBAK Energy Technology, Inc. (CBAT) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
CBAK Energy Technology, Inc. (CBAT) reported annual revenue of $195 million in its most recent fiscal year, based on SEC EDGAR filings.
CBAK Energy Technology, Inc. (CBAT) has a net profit margin of -4.8%. The company is currently unprofitable.
ITEM 1. BUSINESS. Overview of Our Business We are a manufacturer of new energy high power lithium and sodium batteries that are mainly used in light electric vehicles, electric vehicles, energy storage such as residential energy supply & uninterruptible power supply (UPS) application, and other high-power applications. Our primary product offerings consist of new energy high power lithium and sodium batteries. In addition, after completing the acquisition of 81.56% of registered equity interests (such ownership percentage reduced to 67.33% of registered equity interests (representing 72.99% of paid-up capital as of December 31, 2024)) of Hitrans in November 2021, we entered the business of developing and manufacturing NCM precursor and cathode materials.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 195M | 195M | 177M | 204M | 249M | 53M |
| Net Income | -9.4M | -9.4M | 12M | -2.4M | -9.4M | 61M |
| EPS | $-0.10 | $-0.10 | $0.13 | $-0.03 | $-0.11 | $0.70 |
| Free Cash Flow | 3.9M | 3.9M | 23M | 15M | 2.7M | -23M |
| ROIC | -10.3% | -7.1% | 4.9% | -1.8% | -7.2% | 61.7% |
| Gross Margin | 9.4% | 9.4% | 23.7% | 15.5% | 7.3% | 9.7% |
| Debt/Equity | 0.33 | 0.33 | 0.46 | 0.49 | 0.20 | 0.15 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -18M | -18M | 8.8M | -7.3M | -12M | -12M |
| Operating Margin | -9.4% | -9.4% | 5.0% | -3.5% | -4.6% | -22.2% |
| ROE | -8.3% | -8.0% | 10.1% | -2.1% | -7.5% | 66.2% |
| Shares Outstanding | 94M | 94M | 91M | 82M | 86M | 88M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 123M | 14M | 10M | 58M | 24M | 22M | 38M | 53M | 249M | 204M | 177M | 195M | 195M |
| Gross Margin | 7.8% | 6.8% | -16.7% | -17.5% | -13.5% | 2.8% | 7.2% | 9.7% | 7.3% | 15.5% | 23.7% | 9.4% | 9.4% |
| R&D | 4.0M | 1.0M | 1.9M | 1.7M | 2.5M | 1.9M | 1.7M | 5.3M | 11M | 12M | 13M | 16M | 16M |
| SG&A | 12M | 3.3M | 4.7M | 4.3M | 4.5M | 4.4M | 3.7M | 1.5M | 9.7M | 14M | 14M | 16M | 16M |
| EBIT | -11M | -3.6M | -12M | -21M | -13M | -10M | -8.5M | -12M | -12M | -7.3M | 8.8M | -18M | -18M |
| Op. Margin | -8.7% | -26.2% | -116.9% | -36.3% | -55.0% | -45.5% | -22.6% | -22.2% | -4.6% | -3.5% | 5.0% | -9.4% | -9.4% |
| Net Income | 38M | 16M | -13M | -21M | -1.9M | -11M | -7.8M | 61M | -9.4M | -2.4M | 12M | -9.4M | -9.4M |
| Net Margin | 30.7% | 114.2% | -122.0% | -36.8% | -8.0% | -48.5% | -20.8% | 116.7% | -3.8% | -1.2% | 6.7% | -4.8% | -4.8% |
| Non-Recurring | -39M | 221K | 0 | 972K | 929K | 621K | 9.0M | 9.2M | -6.2M | 1.8M | 47K | 6.6M | 6.6M |
| Returns on Capital | |||||||||||||
| ROIC | -24.2% | -12.6% | -65.0% | -177.8% | N/M | -96.3% | -20.2% | 61.7% | -7.2% | -1.8% | 4.9% | -7.1% | -10.3% |
| ROE | -158.7% | 183.2% | -73.7% | -288.7% | -154.8% | -154.7% | -23.7% | 66.2% | -7.5% | -2.1% | 10.1% | -8.0% | -8.3% |
| ROA | 19.6% | 29.6% | -16.3% | -17.5% | -1.4% | -9.6% | -6.6% | 30.3% | -3.7% | -0.9% | 4.0% | -2.6% | -2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -29M | -2.0M | -14M | 6.2M | 8.7M | -21M | -5.1M | -4.3M | 15M | 47M | 40M | 49M | 49M |
| Free Cash Flow | -39M | -15M | -20M | -5.8M | 1.4M | -24M | -11M | -23M | 2.7M | 15M | 23M | 3.9M | 3.9M |
| Owner Earnings | -38M | -3.3M | -16M | 2.1M | 3.0M | -30M | -8.6M | -8.9M | -7.9M | 36M | 31M | 39M | 39M |
| CapEx | 9.8M | 13M | 5.9M | 12M | 7.4M | 2.5M | 5.7M | 19M | 12M | 31M | 17M | 45M | 45M |
| Maint. CapEx | 8.3M | 509K | 1.1M | 3.4M | 5.5M | 8.0M | 2.7M | 3.6M | 23M | 9.7M | 8.0M | 9.5M | 9.5M |
| Growth CapEx | 1.5M | 12M | 4.8M | 8.7M | 1.9M | 0 | 3.0M | 16M | 0 | 21M | 9.2M | 35M | 35M |
| D&A | 8.3M | 509K | 1.1M | 3.4M | 5.5M | 8.0M | 2.7M | 3.6M | 23M | 9.7M | 8.0M | 9.5M | 9.5M |
| CapEx/OCF | N/A | N/A | N/A | 193.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 92.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.5M | 1.5M |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% |
| Stock-Based Comp | 89K | 750K | 1.5M | 759K | 221K | 770K | 804K | 1.0M | 64K | 1.2M | 377K | 77K | 77K |
| Debt Repayment | 179M | 4.8M | 11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 23M | N/A | 2.7M | 5.0M | 4.5M | 13M | 11M | 12M | 16M | 51M | 45M | 29M | 29M |
| Cash & Equiv. | 992K | 6.8M | 2.0M | 1.6M | 450K | 1.6M | 12M | 7.4M | 6.5M | 4.6M | 6.7M | 8.3M | 8.3M |
| Long-Term Debt | 0 | N/A | 4.6M | 4.7M | 4.3M | 4.1M | 7.3M | 6.2M | 5.6M | 33M | 26M | 4.1M | 4.1M |
| Debt/Equity | -5.64 | 1.92 | 0.37 | 3.03 | 15.56 | 1.05 | 0.43 | 0.15 | 0.20 | 0.49 | 0.46 | 0.33 | 0.33 |
| Interest Coverage | -0.6 | N/A | N/A | -14.2 | -5.9 | -4.4 | -5.0 | -34.5 | -17.8 | -7.1 | 7.9 | -17.2 | -17.2 |
| Equity | -4.3M | 22M | 13M | 2.2M | 315K | 14M | 52M | 133M | 117M | 113M | 122M | 113M | 113M |
| Total Assets | 44M | 63M | 92M | 153M | 128M | 96M | 143M | 263M | 244M | 281M | 302M | 426M | 426M |
| Total Liabilities | 48M | 42M | 79M | 151M | 127M | 82M | 90M | 122M | 120M | 168M | 182M | 317M | 317M |
| Intangibles | 0 | 27K | 21K | 20K | 21K | 15K | 12K | 2.0M | 1.3M | 841K | 383K | 72K | 72K |
| Retained Earnings | -142M | -126M | -142M | -163M | -165M | -176M | -184M | -122M | -132M | -134M | -123M | -134M | -134M |
| Working Capital | -36M | -15M | -18M | -32M | -37M | -31M | -11M | -94M | 14M | -32M | -30M | -119M | -119M |
| Current Assets | 13M | 20M | 31M | 85M | 56M | 28M | 63M | 19M | 126M | 128M | 141M | 181M | 181M |
| Current Liabilities | 48M | 35M | 50M | 117M | 93M | 59M | 74M | 113M | 112M | 160M | 172M | 300M | 300M |
| Per Share Data | |||||||||||||
| EPS | 2.99 | 1.23 | -0.71 | -0.92 | -0.07 | -0.28 | -0.13 | 0.70 | -0.11 | -0.03 | 0.13 | -0.10 | -0.10 |
| Owner EPS | -2.98 | -0.26 | -0.92 | 0.09 | 0.11 | -0.78 | -0.14 | -0.10 | -0.09 | 0.44 | 0.35 | 0.42 | 0.42 |
| Book Value | -0.34 | 1.68 | 0.71 | 0.09 | 0.01 | 0.35 | 0.87 | 1.52 | 1.37 | 1.38 | 1.34 | 1.20 | 1.20 |
| Cash Flow/Share | -2.32 | -0.16 | -0.78 | 0.27 | 0.31 | -0.55 | -0.08 | -0.05 | 0.18 | 0.57 | 0.44 | 0.52 | 0.00 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 12.6M | 12.9M | 17.8M | 23.3M | 27.8M | 38.5M | 60.1M | 87.8M | 85.9M | 81.6M | 90.7M | 93.8M | 93.8M |
| Valuation | |||||||||||||
| P/E Ratio | 0.6 | 2.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -5.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.8 | 1.8 | 15.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4 |
| Price/Sales | 0.3 | 2.7 | 3.9 | 0.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3 |
| FCF Yield | -163.7% | -38.8% | -89.0% | -16.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.0% |
| Market Cap | 24M | 38M | 22M | 35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49M |
| Avg. Price | 2.90 | 2.88 | 2.30 | 1.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.52 |
| Year-End Price | 1.89 | 2.97 | 1.25 | 1.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.52 |
CBAK Energy Technology, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 10.1% with a gross margin of 13.1%. Total shareholder yield (buybacks) is 3.1%.
CBAK Energy Technology, Inc. (CBAT) generated $4 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CBAK Energy Technology, Inc. (CBAT) has a debt-to-equity ratio of 0.33. This indicates a conservatively financed balance sheet.
CBAK Energy Technology, Inc. (CBAT) reported earnings per share (EPS) of $-0.10 in its most recent fiscal year.
CBAK Energy Technology, Inc. (CBAT) has a return on equity (ROE) of -8.0%. A negative ROE may indicate losses or negative equity.
CBAK Energy Technology, Inc. (CBAT) has a 5-year average gross margin of 13.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for CBAK Energy Technology, Inc. (CBAT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CBAK Energy Technology, Inc. (CBAT) has a book value per share of $1.20, based on its most recent annual SEC filing.