What is Ningbo Boway Alloy Material Company Limited's (601137.SS) StockRank?

MoatMap's StockRank for Ningbo Boway Alloy Material Company Limited (601137.SS) is 26/100, with a Sell signal. This is a composite score combining Quality (29), Value (27), and Momentum (61) factor ranks across MoatMap's 20,000+ stock universe.

Does Ningbo Boway Alloy Material Company Limited have an economic moat?

Ningbo Boway Alloy Material Company Limited (601137.SS) has a Quality factor score of 29/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Ningbo Boway Alloy Material Company Limited a buy, hold, or sell?

MoatMap's current signal for Ningbo Boway Alloy Material Company Limited (601137.SS) is Sell, based on a StockRank of 26/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Ningbo Boway Alloy Material Company Limited in?

Ningbo Boway Alloy Material Company Limited (601137.SS) operates in the Basic Materials sector, specifically the Copper industry (China).

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601137.SS

SELLAPPROVE

Ningbo Boway Alloy Material Company Limited · Basic Materials · China · $2.7B · Avg Vol: $132M/d

StockRank

P/E (TTM)

—

ROE

-3.1%

D/E

0.8x

Dividend %

0.2%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Ningbo Boway is a global leader in high-performance copper alloys, which are critical for high-speed copper connectors used in AI data centers (e.g., GB200 backplanes) and EV electronics. As AI infrastructure demands unprecedented thermal and electrical conductivity, Boway's proprietary alloy formulations and advanced manufacturing capabilities give it a powerful moat. This represents a highly asymmetric play on the copper supercycle and AI hardware buildout, where the market underappreciates the volume of specialized copper alloys required.

COMPANY DESCRIPTION

Ningbo Boway Alloy Material Company Limited researches, develops, and manufactures high-performance copper alloys and solar energy modules. The company is a global leader in precision copper alloy materials, which are critical for automotive electronics, 5G communications, and aerospace applications. Its competitive moat is anchored in advanced material science R&D, high-barrier manufacturing processes, and a globalized production footprint.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	CAGR
Revenue	1.5B	2.0B	2.6B	2.8B	22.9%
EPS	0.06	0.10	0.21	0.26	64.3%
Shares	790M	782M	811M	—	+2.7%
Debt	626M	817M	747M	—	9.3%
Equity	889M	1.1B	1.2B	—	18.3%
Op CF	19M	78M	214M	187M	115.6%
Inv CF	-146M	-132M	-138M	-245M	—
Fin CF	188M	48M	165M	-84M	—

PRICE (1M)+36.2%

SMA 50SMA 200

$3.80

RSI (14)

73.2

52W High

$4.20

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC (ROA)

2.4%*44.3

ROE

-3.1%32.6

GP/Assets

—N/A

Op. Margin

1.3%39.1

FCF/Assets

—N/A

Piotroski

—7.4

Int. Cover

9.2x62.3

D/E Ratio

0.82x17.6

Current Ratio

1.55x36.1

Value

P/E (TTM)

—N/A

EV/EBITDA

22.6x15.5

P/FCF

—N/A

P/B

2.5x40.0

P/S

1.1x61.0

Div Yield

0.2%10.9

Momentum

52W High %

90%82.9

RS 6M

8%65.3

SMA 50/200

0.96x27.4

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—95.5

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$2.7B

P/E (Forward)

12.3x

Gross Margin

10.0%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of 601137.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
601137.SS	Ningbo Boway Alloy Material Company Limited(you)	$2.7B	26	SELL
688388.SS	Guangdong Jiayuan Technology Co.,Ltd.	$3.3B	34	SELL
600490.SS	Pengxin International Mining Co.,Ltd	$2.4B	36	HOLD
688102.SS	Shaanxi Sirui Advanced Materials Co., Ltd.	$4.0B	34	SELL
000737.SZ	North Copper Co., Ltd.	$3.9B	36	HOLD
601609.SS	Ningbo Jintian Copper (Group) Co., Ltd.	$3.2B	43	HOLD
300618.SZ	Nanjing Hanrui Cobalt Co.,Ltd.	$1.7B	13	STRONG SELL
000878.SZ	Yunnan Copper Co.,Ltd	$6.4B	32	SELL
603124.SS	Jiangxi Jiangnan New Material Technology Co., Ltd.	$3.0B	53	HOLD
300697.SZ	Jiangyin Electrical Alloy Co.,Ltd	$1.1B	42	HOLD

Peer medians: ROE 6.2% · P/E 33.4x · Gross margin 17.5%

Ningbo Boway Alloy Material Company Limited (601137.SS) — Stock Score Summary

Ningbo Boway Alloy Material Company Limited (601137.SS) has a MoatMap StockRank of 26/100 based on Quality (29/100), Value (27/100), and Momentum (61/100) factor scores. The current signal is SELL. Ningbo Boway is a global leader in high-performance copper alloys, which are critical for high-speed copper connectors used in AI data centers (e.g., GB200 backplanes) and EV electronics. As AI infrastructure demands unprecedented thermal and electrical conductivity, Boway's proprietary alloy formulations and advanced manufacturing capabilities give it a powerful moat. This represents a highly asymmetric play on the copper supercycle and AI hardware buildout, where the market underappreciates the volume of specialized copper alloys required.

Key Financial Metrics

Price	$3.80
Market Cap	$2.7B
P/E (Forward)	12.28
Price/Book	2.54
Return on Equity	-3.1%
Debt/Equity	81.55
Gross Margin	10.0%
Operating Margin	1.3%
Revenue Growth	14.0%
Dividend Yield	0.2%
Free Cash Flow	$-47M

Ningbo Boway Alloy Material Company Limited operates in the Copper industry, part of the Basic Materials sector (China).

Frequently Asked Questions

What is Ningbo Boway Alloy Material Company Limited’s (601137.SS) StockRank?: MoatMap’s StockRank for Ningbo Boway Alloy Material Company Limited (601137.SS) is 26/100, with a Sell signal. It is a composite of Quality (29), Value (27), and Momentum (61) factor ranks across MoatMap’s 20,000+ stock universe.
Does Ningbo Boway Alloy Material Company Limited have an economic moat?: Ningbo Boway Alloy Material Company Limited (601137.SS) has a Quality factor score of 29/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Ningbo Boway Alloy Material Company Limited a buy, hold, or sell?: MoatMap’s current signal for Ningbo Boway Alloy Material Company Limited (601137.SS) is Sell, based on a StockRank of 26/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Ningbo Boway Alloy Material Company Limited in?: Ningbo Boway Alloy Material Company Limited (601137.SS) operates in the Basic Materials sector, specifically the Copper industry (China).