CBAT - CBAK Energy Does Not Belong To The Electric Vehicle Revolution
- CBAT develops, manufactures and sells new energy high power lithium batteries.
- Investors willing to get exposure from the growth of the electric vehicle industry may not invest in CBAT.
- Most company’s sales are obtained through the sale of uninterruptible supplies. Analysts don’t expect uninterruptible supplies sales to grow at a CAGR of more than 7%.
- In 2019, the company cancelled a debt and gave shares at $1.1 per share. Notice that the current share price is at more than $4.5.
- A valuation of 9-11x forward sales cannot be justified for an uninterruptible supplies seller.
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CBAK Energy Does Not Belong To The Electric Vehicle Revolution