Daqo New Energy: An Opportunity To Buy The Company For Cents On The Dollar [Seeking Alpha]
DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ)
Last daqo new energy corp. american depositary shares, each representing five ordinary shares earnings: 3/11 05:27 am
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Source: Seeking Alpha
Daqo is trading at 29.9% of the NAV of the stake in the Chinese subsidiary, which translates into an upside of 235%. There is significant operating leverage in the polysilicon price, potentially adding further upside to the discount to NAV. There are manageable operational and regulatory risks involved. Daqo New Energy ( NYSE: DQ ) is the holding company of one of the world's largest polysilicon manufacturers, Xinjiang Daqo, which is listed as a subsidiary of Daqo on the Shanghai Stock Exchange via A-shares. Thesis The investment thesis is very simple. Daqo New Energy currently holds around 72.68% of the Chinese subsidiary Xinjiang Daqo, which currently has a market capitalization of around 8.05 billion and is listed on the Shanghai Stock Exchange. The stake in the subsidiary is therefore worth around $5.8 billion. With a market capitalization of around $1.74bn, Daqo is therefore currently valued at 29.9% to NAV, which translates into an upside to fair value of 235% (or $62
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High impacting DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares news events
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DQ
News
- Daqo New Energy Files Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
- Daqo New Energy Announces Unaudited First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy Announces Unaudited First Quarter 2024 ResultsPR Newswire
- Daqo New Energy (DQ) Advances But Underperforms Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy Remains Too Cheap To Ignore - Bullish Support Is Here [Seeking Alpha]Seeking Alpha
DQ
Earnings
- 4/29/24 - Miss
DQ
Sec Filings
- 4/29/24 - Form 6-K
- 4/29/24 - Form 20-F
- 4/16/24 - Form 6-K
- DQ's page on the SEC website