JinkoSolar Holding C

JKS
Real-time BATS EXCHANGE - 04/06 02:21:46 pm
14.775USD
+5.27%

JinkoSolar Holding Co., Ltd. : Investors could aim for a turn-around of the trend

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David Meurisse
Contributor / Partner

Strategy published on : 03/26/2020 | 09:31

long trade on a pullback
Live

Entry price : 14.2$
Target : 21.9$
Stop-loss : 11.4$
Cancellation Level : 18.5$
Potential : 54.23%

Shares in JinkoSolar Holding Co., Ltd. reflect an interesting technical chart pattern allowing for a bet on a reversal of the medium term trend.
Investors should buy the stock at current prices near $ 14.2 in order to target the $ 21.9.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The prospective high growth for the next fiscal years is among the main assets of the company

● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.43 for the 2019 fiscal year.

● Its low valuation, with P/E ratio at 5.45 and 3.7 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.


Weaknesses

● The company sustains low margins.

● The group shows a rather high level of debt in proportion to its EBITDA.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 18.7 USD

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