Ningde's position in the times is not guaranteed?

4 month 20 Japan , The gem “ The elder brother ” Ningde era （300750） The total market value fell below trillion yuan . Actually from 2 Since the month , The stock price of Ningde era continued to plummet , Share prices fell yesterday 5.22%, to 417.3 element , Market value fell to 9727 One hundred million yuan .

For a time, market news was flying all over the sky , Some say it is caused by the rise in material prices , It is also said that the congestion of the track is caused by the price reduction of peers , Opinions vary .

In terms of Fundamentals , Ningde era 2021 The annual performance report is very bright , Although 21 The price of raw materials has risen since , But the company 2021 The annual gross profit margin is basically stable at 26% about , No big change , And the net profit after deducting non profits increased year-on-year 181%~228%, There has been a marked increase in profits , So from the perspective of financial results , The sharp rise of raw materials in Ningde era has nothing to do with the sharp decline of raw materials . In terms of industry , According to the research reports of several institutions , The global electric vehicle market is 2022 It is still in a relatively strong growth trend in , Therefore, for the Ningde era with such great advantages , At present, there is no crowding on the track , So why is there such an obvious deviation between fundamentals and stock prices ？

In terms of stock prices , It may be the stock price correction caused by overvaluation , The dynamic P / E ratio of Ningde era has been very high since it was listed , stay 2020 Once a year 200 times , Compare with those who have a market share of more than 20% LG Look at ,LG When the price earnings ratio is the highest, it is only 25 times , Even the faucet , There is a certain valuation premium , The premium is already too high , For a small number of large institutions , When valuations are too high, there is no money to drive the share price to continue to rise , The return on positions is less , So he started selling stocks , The sell-off led to more funds reaching the clearing line , So they began to sell, leading to a sharp decline in share prices , So in essence, the current stock price decline is the return of valuation .

Sum up , Although the share price of Ningde era has fallen so much , But it still hasn't changed its leading position , Fundamentals remain positive , This wave of decline actually makes the stock price more “ health ” 了 , So this is not a bad thing , On the contrary, it is likely to be a rare “ Get on the train ” The opportunity to .