China BAK Battery, Inc. CBAT

1.25 (0.12) (8.76%) as of 25 Sep
Market cap
$123.2M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 17.89%

Capital & Financial Ratios

Market Cap 123.18
Revenue 229.87
Net Income (17.86)
Free Cash Flow 36.86
Net Debt (90.85)
Current Ratio 0.65
Debt/Equity 0.08
P/E ratio 0.00
P/S ratio 0.49
P/B ratio 1.09
Past 5Y EPS Growth 17.82%
This Y EPS Growth (20.00%)
Next Y EPS Growth 300.00%
Next 5Y EPS Growth 30.00%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 59 65 76 99
Receivables 29 34 39 47
Inventory 33 23 51 76
Other — — — —
128 141 181 238
2023 2024 2025 Q'26
Payables 82 85 153 203
ST’ Debt — — — —
Other 0 0 0 0
160 172 300 368
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 24.29% 29.95% (7.76%)
Cash Flow 0.00% 0.00% 47.55%
Earnings 0.00% 0.00% 0.00%
Book Value 23.19% (4.92%) (4.16%)

Revenue

Mar Jun Sep Dec Year
’26 70 — — — —
’25 35 41 61 59 195
’24 59 48 45 25 177
’23 42 42 63 56 204
’22 80 56 58 54 249
’22 — — — — 249
’21 9 6 10 28 53
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 22 — — — —
’25 (10) 14 15 30 49
’24 7 3 20 10 40
’23 10 6 5 26 47
’22 5 12 (1) (2) 15
’22 — — — — 15
’21 1 (3) (5) 3 (4)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 11 — — — —
’25 (22) 4 5 16 4
’24 0 3 17 4 23
’23 2 (6) 0 20 15
’22 2 9 (4) (4) 3
’22 — — — — 15
’21 (5) (11) (9) 1 (23)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.10) — — — —
’25 (0.02) (0.03) 0.03 (0.08) (0.10)
’24 0.11 0.07 0.00 (0.05) 0.13
’23 (0.02) (0.03) 0.07 (0.06) (0.03)
’22 0.01 0.00 0.00 (0.12) (0.11)
’22 — — — — (0.11)
’21 0.35 0.03 0.23 0.10 0.70
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
1.20 1.20 0.23 0.32 0.36 1.44 0.92 0.74 0.77 0.57

Analyst estimates 2026–2028

Powerpack
Low Price
3.33 2.35 1.75 1.23 11.40 9.59 1.70 1.44 2.08 1.25
High Price
631 587 610 374 537 1,054 1,063 1,456 1,463 1,739
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
10 58 24 22 38 53 249 204 177 195
Revenue
(16.69%) (17.47%) (13.50%) 2.80% 7.22% 9.70% 7.28% 15.52% 23.65% 9.44%
Gross Margin
(12) (21) (2) (11) (8) 54 (13) (6) 11 (11)
EBT
(115.53%) (36.77%) (8.01%) (48.90%) (20.89%) 102.20% (5.05%) (2.96%) 6.31% (5.71%)
EBT Margin
13 (21) (2) (11) (8) 62 (11) (9) 10 (11)
Net Income
1 2 2 3 3 4 8 10 9 11
Depreciation
0.58 2.51 0.92 0.57 0.61 0.60 2.80 2.29 1.96 2.19
Revenue/Sh
(0.71) (0.92) (0.07) (0.28) (0.10) 0.70 (0.11) (0.03) 0.13 (0.10)
Earnings/Sh
(0.78) 0.27 0.33 (0.54) (0.08) (0.05) 0.17 0.52 0.44 0.54
Cash Flow/Sh
(0.33) (0.52) (0.28) (0.06) (0.09) (0.22) (0.14) (0.35) (0.19) (0.50)
Capex/Sh
(1.11) (0.25) 0.05 (0.61) (0.17) (0.27) 0.03 0.17 0.25 0.05
Free CF/Sh
0.00 0.09 0.01 0.35 0.85 1.61 1.40 1.27 1.34 1.23
Book Value/Sh
18 23 27 39 62 88 89 89 90 89
Shares
0.00 0.00 0.00 0.00 0.00 2.19 0.00 0.00 7.23 0.00
PE Ratio
3.76 0.61 0.41 2.02 8.35 2.59 0.35 0.46 0.48 0.38
PS Ratio
2.58 16.19 30.88 3.28 5.99 0.97 0.70 0.83 0.70 0.68
PB Ratio
4.55 0.76 0.68 2.87 8.41 2.38 0.27 0.34 0.31 0.19
EV/Sales
(2.33) (7.12) 16.47 (2.65) (28.24) (5.26) 25.56 4.62 2.41 12.83
EV/FCF
(14) 6 9 (21) (5) (4) 15 47 40 49
Op' Cash Flow
(6) (12) (7) (2) (6) (19) (12) (31) (17) (45)
Capex
(20) (6) 1 (24) (11) (23) 3 15 23 4
FCF
(18) (32) (37) (31) (11) 10 14 (32) (30) (119)
Working Cap'
18 19 24 26 14 15 18 — — 4
Total Debt
14 9 7 19 (7) (26) (37) (59) (65) (72)
Net Debt
13 2 0 14 52 141 124 113 120 109
Sh' Equity
0.00% (14.02%) (1.52%) (11.27%) (5.47%) 23.41% (3.87%) (0.93%) 4.04% (2.57%)
ROA
0.00% (121.02%) (121.53%) (19.33%) (11.65%) (6.39%) (8.26%) (8.30%) 9.98% (30.39%)
ROIC
0.00% (977.70%) (604.79%) (78.99%) (14.90%) 44.85% (7.81%) (2.06%) 10.10% (8.17%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

China BAK Battery, Inc. peers in Electrical Equipment & Parts

All 52 Electrical Equipment & Parts stocks →

China BAK Battery, Inc. (CBAT) key facts

  • China BAK Battery, Inc. (CBAT) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
  • China BAK Battery, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $195.2 million, up 10.5% from fiscal 2024.
  • China BAK Battery, Inc. reported a net loss of $11.0 million, or a loss of $0.10 per share, for fiscal 2025.
  • As of September 25, 2026, CBAT traded at $1.25, a market capitalization of $123.2 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.5× sales.
  • Return on equity was −8.17% and debt-to-equity 0.08.

Source: company filings (standardised) and stockrow calculations.

China BAK Battery, Inc. (CBAT) Latest News

News by impact score

Fine-tune

24 Sep

4

CBAK Energy Technology Limited signed an investment agreement with the Nanjing Gaochun Economic Development Zone to research, develop and manufacture large cylindrical sodium-ion battery cells and integrated battery systems in Nanjing, Jiangsu Province. The deal would add 12 GWh of annual cell production capacity, advancing the company’s sodium-ion expansion plan. Separately, CBAK targets a 6 GWh expansion at its existing Nanjing facility by year-end 2026, more than doubling current annual capacity from 4.5 GWh to 10.5 GWh. Full output from the 6 GWh expansion could generate approximately RMB 2.4–2.7 billion ($356–$400 million) in annual revenue; the 12 GWh project could bring roughly RMB 4.8–5.0 billion ($712–$741 million) per year. Production lines would be designed for sodium-ion or lithium-ion cells, with phasing and financing determined by demand, feasibility and financing conditions. Expansion and diversification into sodium-ion with a 12 GWh project plus a 6 GWh expansion significantly broadens capacity and revenue potential, contingent on financing and market demand.

23 Sep

4

CBAK Energy Technology Limited signed an investment agreement with Nanjing Gaochun Economic Development Zone to develop large cylindrical sodium-ion battery cells and integrated systems in Nanjing, Jiangsu. The project would add 12 GWh of annual cell production capacity, advancing the company’s sodium-ion expansion. Separately, CBAK targets a 6 GWh increase at its existing Nanjing facility by year-end 2026, nearly doubling its current capacity to 10.5 GWh. The 12 GWh project is expected to advance in the second half of 2027, subject to financing. At Nanjing, 6 GWh expansion will support Model 60150 demand; the facility currently has 4.5 GWh of annual Model 32140 capacity. The 12 GWh lines could be configured for either sodium-ion or lithium-ion cells, depending on market demand, with estimated annual revenue of RMB 2.4-2.7b from the 6 GWh expansion and RMB 4.8-5.0b from the 12 GWh project, assuming full output. Testing underway. Significant strategic expansion into sodium-ion with large capacity and dual-chemistry flexibility could materially alter CBAT's growth trajectory, subject to financing.

17 Sep

4

CBAK Energy reports successful internal sodium-ion cell tests and outlines expansion to 12 GWh capacity. Sodium-ion cell advancements and 12 GWh capacity expansion signal major strategic growth for CBAT.

2 Sep

4

CBAK Energy completed Nanjing Phase II ramp-up and reports accelerating global demand after investor conference. Completed production ramp-up plus rising demand indicate expanded capacity and revenue growth for CBAT.

27 Aug

4

China BAK Battery secures India order and advances push into AI data center backup-power solutions. India order plus AI data center backup power expansion mark major strategic growth moves for CBAT.

25 Aug

4

CBAK Energy secured an order worth approximately US$96 million for battery cells from an Indian customer. Major contract win enhances revenue prospects and strengthens competitive stance in battery market.

20 Aug

4

CBAK Energy expands Model 32140 capacity at Nanjing Phase II and advances digital manufacturing. Capacity expansion at Nanjing Phase II directly boosts production scale and operational efficiency for CBAK.

13 Aug

4

CBAK Energy more than doubled Model 32140 cell shipments year over year in the first seven months of 2026, exceeding full-year 2025 volume. Doubled shipments signal robust production scaling and market demand that can boost CBAT revenue and positioning.

11 Aug

3

CBAT targets new growth opportunities while navigating a complex market backdrop. CBAT's pursuit of new growth opportunities amid complex market conditions may moderately influence its future performance and positioning.

14 Jul

3

CBAK Energy advances customer testing of Full-Tab 26650 LFP cells for AI data center backup power. Testing progress on cells for AI backup power may support product innovation and modest revenue growth for CBAT.

3

CBAK Energy advances customer testing of Full-Tab 26650 LFP cells for AI data center backup power. Progress in testing specialized cells targets AI sector growth but stays pre-commercial without confirmed orders.

6 Jul

4

CBAK Energy previews next-generation high-rate LFP cells for AI data center backup power. New high-rate LFP cells target fast-growing AI backup power demand and represent major product innovation.

25 Jun

4

CBAK Energy previews next-generation high-rate LFP cells for AI data center backup power. Product launch targets high-growth AI sector with potential to lift revenues and positioning.

26 May

4

CBAK Energy supplies innovative LFP cylindrical batteries to support electric mobility expansion across Southeast Asia. Market expansion in Southeast Asia via new LFP battery products signals major strategic growth for CBAT.

21 May

4

China BAK Battery expands operations and market reach in India, rolls out backup power systems tailored for AI infrastructure, and states that its shares remain undervalued relative to growth prospects. India expansion combined with AI-focused power products signals major revenue opportunities and competitive repositioning.

19 May

3

CBAT delivers strong revenue growth across all business lines yet continues missing margin targets. Solid revenue gains support growth prospects but weak margins limit profitability gains and valuation upside.

18 May

4

CBAK Energy released unaudited financial results for first quarter 2026. First-quarter financial results directly affect CBAT valuation and investor sentiment.

13 Apr

4

CBAK Energy ranked 2nd in 26650/26700 cylindrical cell shipments and 3rd in 32140 cylindrical cell shipments in China. Top rankings in key cylindrical cell categories boost CBAT's competitive standing and market sentiment in China's battery sector.

31 Mar

4

CBAK Energy Technology, Inc. released summary of Q4 2025 earnings call, detailing financial results, operational updates, and future guidance for the battery technology firm. Q4 2025 earnings call summary highlights financial performance and strategic outlook, likely driving significant shifts in investor sentiment and stock trajectory.

30 Mar

4

China BAK Battery, Inc. (CBAT) released highlights from its Q4 earnings call, covering financial results, operational updates, and future outlook. Q4 earnings call highlights reveal financial performance and strategic updates that significantly impact CBAT's trajectory and market sentiment.

4

CBAK Energy reported unaudited financial results for the fourth quarter and full year 2025. Full-year financial results directly impact stock valuation, investor sentiment, and future market performance.

3

Battery raw materials demand reemerges for China BAK Battery (CBAT), boosting potential amid expansion that pressures margins. Reemerging demand supports revenue growth but expansion squeezes margins, creating moderate financial and operational impact.

5 Feb

3

CBAK Energy Technology (NASDAQ:CBAT) has seen a staggering 89% decline in its stock value over the past five years, raising concerns among investors about the company's future prospects and market performance. The significant drop reflects broader challenges in the battery industry and may indicate underlying issues within the company itself. The substantial decline in stock value suggests potential challenges that could moderately influence the company's financial performance and market sentiment.

3

China BAK Battery, Inc. (CBAT) faces ongoing trade and policy concerns that are negatively impacting its stock performance. Analysts suggest that 2026 could be a crucial year for the company, potentially marking a turning point in its operations and market position. Trade and policy issues may moderately influence CBAT's financial performance and competitive positioning.

26 Jan

4

China BAK Battery, Inc. (CBAT) is highlighted in Zacks Small Cap Research's best ideas for 2026, indicating strong potential for growth and investment opportunities in the battery sector. The report emphasizes the company's strategic initiatives and market positioning, suggesting that CBAT could benefit from increasing demand for battery technologies, particularly in electric vehicles and renewable energy applications. Analysts are optimistic about the company's future performance, driven by advancements in battery technology and expanding market reach. Significant growth potential in the battery sector and strategic initiatives could greatly influence CBAT's market performance.

16 Nov

4

CBAK Energy Technology, Inc. (NASDAQ:CBAT) has seen a significant increase in analyst forecasts, indicating a positive outlook for the company. This boost in projections suggests confidence in CBAK's future performance and potential growth in the battery sector, particularly as demand for energy storage solutions rises. Analysts are optimistic about the company's strategic initiatives and market positioning, which could lead to improved financial results. Analyst forecast upgrades typically signal significant confidence in a company's future performance and market position.

10 Nov

4 transcript

CBAK Energy Technology Inc (CBAT) reported a significant revenue surge in Q3 2025, driven by increased demand for its battery products. The company outlined strategic initiatives aimed at expanding its market presence and enhancing production capabilities. Key highlights included advancements in technology and partnerships that are expected to bolster future growth. Investors reacted positively to the earnings call, reflecting optimism about the company's trajectory in the competitive battery market. The revenue surge and strategic initiatives indicate a significant impact on future performance and market positioning.

4

CBAK Energy reported its unaudited financial results for the third quarter and the first nine months of 2025, highlighting significant growth in revenue and production capacity. The company continues to expand its market presence in the battery industry, driven by increasing demand for energy storage solutions. Key financial metrics indicate a positive trajectory, with improvements in profitability and operational efficiency. CBAK's strategic initiatives are expected to bolster its competitive position in the rapidly evolving energy sector. Significant growth in revenue and production capacity indicates a major strategic move that could alter the company's trajectory.

3

China BAK Battery, Inc. (CBAT) reported surprising strengths in its Q3 performance, highlighting resilience in certain segments despite broader market challenges. The company's valuation remains attractive, suggesting potential for growth as it navigates the evolving battery industry landscape. Q3 performance indicates moderate strengths that could influence financial results and market positioning.

15 Oct

4

CBAK Energy has completed a product portfolio upgrade and launched a new production line for its Model 40135 battery. After just one month of operation, the company has received orders that exceed three months' production capacity, indicating strong market demand for the new product. The successful launch of a new production line and high demand for the Model 40135 could significantly enhance the company's market position and financial performance.

stockrow.com/CBAT · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com