CBAK Energy Technology

CBAT

Electrical Equipment & Parts · Industrials

Price

$0.54

+0.01 (+1.94%)

Market Cap

$48.1M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+1.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 87.9M (2021) → 89.2M (2025)

CBAK Energy Technology is a Chinese company that makes rechargeable lithium-ion batteries. Its main products include battery cells and packs used in electric vehicles, electric motorcycles, power tools, and energy storage systems. The company sells to manufacturers and industrial customers, primarily in China.

CBAK earns revenue by selling battery products directly to businesses. It operates almost entirely in China, which is the world's largest market for electric vehicles and batteries. The company is small, with a market cap around $100 million, and it competes against much larger Chinese battery makers like CATL and BYD, which have significant advantages in scale, technology, and customer relationships. The biggest risk CBAK faces is its weak financial position — the company is currently losing money on an operating basis and generating very thin gross margins of around 6%, meaning it has little room for error if costs rise or demand slows.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+131.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-66.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$16M/ year

↑ Rising (+21% vs prior year)

8.1% of revenue

2.0x the sector average (4%)

R&D investment increasing — building for the future

Insider Activity

17.3%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$8.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

CBAK Energy Technology grew revenue 132% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

7.3%

Thin — 7.3% gross margin

Operating Margin

-13.6%

Losing money on operations — -13.6%

ROCE

-0.0%

Weak — -0.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+10.5%

Steady sales growth (10.5% YoY)

EPS YoY

-180.0%

Earnings shrinking (-180.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

2.0%

Thin free cash flow (2.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.30

Conservative — low debt load (0.30)

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial