Should you buy CATL stock? (February 2024)

Published first at https://www.3minutebreakdowns.com Contemporary Amperex Technology Co. $CATL CATL is the world's leading manufacturer of batteries for electric vehicles with a market share of almost 40%. The company supplies numerous big firms including Tesla, Toyota, NIO, Hyundai and many others. But the stock is down 58% since 2021. When converted to US dollars the company has a market cap just under $100 billion and an enterprise value of $72 billion. Revenue over the last 12 months comes to $58 billion with $6.2 billion of net income and $6.8 billion of free cash flow. So right now the stock is valued at roughly 16 times earnings or 11 times free cash flow. That valuation is incredibly cheap when you consider CATL has a dominant market position and is growing at a staggering pace. Total revenues have grown from cn¥866 million to cn¥413 billion in just ten years. Revenue growth was 159% in 2021, 152% in 2022 and this year's revenues are on track for 55% growth. #catl #stockstobuy #chinastocks #3mb