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603606.SS

HOLDFLAG

Ningbo Orient Wires & Cables Co.,Ltd. · Industrials · China · $5.4B · Avg Vol: $110M/d

53
StockRank
Q
71
V
30
M
42
P/E (TTM)
25.0x
ROE
17.2%
D/E
0.1x
Dividend %
1.1%
AI CONVICTION THESIS

Ningbo Orient Wires & Cables is a high-quality manufacturer of subsea power cables, making it a key second-order beneficiary of the global power grid upgrade cycle and offshore wind expansion. While the business has strong technical moats and high ROIC, geopolitical tensions and localized supply chains present a headwind for international expansion, making it a high-risk, high-reward play best kept on watch.

COMPANY DESCRIPTION

Ningbo Orient Wires & Cables is a leading Chinese manufacturer of land and subsea power cables, as well as umbilical cables for offshore oil and gas. The company holds a dominant market position in China's offshore wind power transmission sector, protected by high technical barriers and proprietary marine engineering capabilities. It operates as a vertically integrated player offering both high-voltage cable manufacturing and offshore installation services.

FINANCIAL SUMMARY

Year2022202320242025CAGR
Revenue1.0B1.1B1.3B1.6B15.7%
EPS0.180.210.220.2714.9%
Shares688M688M688M688M0.0%
Debt175M122M165M120M-11.8%
Equity812M930M1.0B1.2B14.7%
Op CF96M176M164M290M44.8%
Inv CF-64M-88M-75M-120M
Fin CF41M-83M-19M-98M
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PRICE (1M)-34.6%
5.626.587.548.509.46May 6May 27Jun 16
SMA 50SMA 200
Close
$6.03
RSI (14)
36.1
52W High
$9.00
From 52W High
0.7%

SCORE BREAKDOWN

Quality
71
ROIC
17.4%85.4
ROE
17.2%82.2
GP/Assets
16.9%52.2
Op. Margin
16.7%81.4
FCF/Assets
3.5%56.8
Piotroski
75.7
Int. Cover
50.0x90.2
D/E Ratio
0.10x76.9
Current Ratio
1.69x49.4
Value
30
P/E (TTM)
25.0x42.2
EV/EBITDA
17.2x30.1
P/FCF
455.2x18.7
P/B
4.0x25.3
P/S
2.9x29.5
Div Yield
1.1%33.3
Momentum
42
52W High %
67%27.4
RS 6M
-22%39.0
SMA 50/200
0.97x32.8
EPS Rev 4W
N/A
EPS Rev 12W
N/A
EPS Improve
+67%58.6
Q Growth
32%69.3

FUNDAMENTALS

Market Cap
$5.4B
P/E (Forward)
15.0x
Gross Margin
22.6%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 603606.SS are excluded.

TickerCompanyMkt CapStockRankSignal
603606.SSNingbo Orient Wires & Cables Co.,Ltd.(you)$5.4B53HOLD
688248.SSChina Southern Power Grid Technology Co.,Ltd$5.1B52HOLD
688006.SSZhejiang HangKe Technology Incorporated Company$3.5B50HOLD
001301.SZShijiazhuang Shangtai Technology Co., Ltd.$3.4B51HOLD
688676.SSHainan Jinpan Smart Technology Co., Ltd.$6.8B45HOLD
600577.SSTongling Jingda Special Magnet Wire Co., Ltd.$4.1B46HOLD
002270.SZHuaming Power Equipment Co.,Ltd$2.9B52HOLD
601877.SSZhejiang Chint Electrics Co., Ltd.$9.3B56HOLD
688668.SSDongguan Dingtong Precision Metal Co., Ltd.$6.0B68BUY
000400.SZXJ Electric Co., Ltd.$4.0B63HOLD

Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%

Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) — Stock Score Summary

Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) has a MoatMap StockRank of 53/100 based on Quality (71/100), Value (30/100), and Momentum (42/100) factor scores. The current signal is HOLD. Ningbo Orient Wires & Cables is a high-quality manufacturer of subsea power cables, making it a key second-order beneficiary of the global power grid upgrade cycle and offshore wind expansion. While the business has strong technical moats and high ROIC, geopolitical tensions and localized supply chains present a headwind for international expansion, making it a high-risk, high-reward play best kept on watch.

Ningbo Orient Wires & Cables is a leading Chinese manufacturer of land and subsea power cables, as well as umbilical cables for offshore oil and gas. The company holds a dominant market position in China's offshore wind power transmission sector, protected by high technical barriers and proprietary marine engineering capabilities. It operates as a vertically integrated player offering both high-voltage cable manufacturing and offshore installation services.

Key Financial Metrics

Price$6.03
Market Cap$5.4B
P/E (TTM)25.03
P/E (Forward)15.00
Price/Book3.99
Return on Equity17.2%
Return on Invested Capital17.4%
Debt/Equity10.30
Gross Margin22.6%
Operating Margin16.7%
Revenue Growth34.3%
Dividend Yield1.1%
Free Cash Flow$12M

Ningbo Orient Wires & Cables Co.,Ltd. operates in the Electrical Equipment & Parts industry, part of the Industrials sector (China).

Frequently Asked Questions

What is Ningbo Orient Wires & Cables Co.,Ltd.’s (603606.SS) StockRank?
MoatMap’s StockRank for Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) is 53/100, with a Hold signal. It is a composite of Quality (71), Value (30), and Momentum (42) factor ranks across MoatMap’s 19,000+ stock universe.
Does Ningbo Orient Wires & Cables Co.,Ltd. have an economic moat?
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) has a Quality factor score of 71/100. 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 Orient Wires & Cables Co.,Ltd. a buy, hold, or sell?
MoatMap’s current signal for Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) is Hold, based on a StockRank of 53/100. 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 Orient Wires & Cables Co.,Ltd. in?
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).