View ValuationPhiChem 향후 성장Future 기준 점검 1/6PhiChem (는) 각각 연간 19.5% 및 12.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 18.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11.3% 로 예상됩니다.핵심 정보19.5%이익 성장률18.69%EPS 성장률Chemicals 이익 성장30.6%매출 성장률12.2%향후 자기자본이익률11.31%애널리스트 커버리지Low마지막 업데이트15 May 2026최근 향후 성장 업데이트Major Estimate Revision • May 14Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥3.56b to CN¥3.68b. EPS estimate increased from CN¥0.86 to CN¥1.06 per share. Net income forecast to grow 53% next year vs 56% growth forecast for Chemicals industry in China. Consensus price target up from CN¥25.91 to CN¥31.73. Share price rose 9.2% to CN¥39.12 over the past week.Price Target Changed • Apr 22Price target increased by 17% to CN¥25.91Up from CN¥22.21, the current price target is an average from 2 analysts. New target price is 18% below last closing price of CN¥31.73. Stock is up 60% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.71 last year.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.70 to CN¥0.59 per share. Revenue forecast steady at CN¥3.42b. Net income forecast to grow 27% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target up from CN¥18.05 to CN¥20.33. Share price fell 5.3% to CN¥17.62 over the past week.Price Target Changed • Nov 28Price target decreased by 10.0% to CN¥18.85Down from CN¥20.94, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥18.10. Stock is up 3.5% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.84 last year.Price Target Changed • Aug 26Price target decreased by 12% to CN¥20.94Down from CN¥23.87, the current price target is an average from 4 analysts. New target price is 41% above last closing price of CN¥14.88. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.84 last year.Price Target Changed • Nov 16Price target decreased to CN¥19.50Down from CN¥33.18, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥18.68. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of CN¥0.78 for next year compared to CN¥0.75 last year.모든 업데이트 보기Recent updatesMajor Estimate Revision • May 14Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥3.56b to CN¥3.68b. EPS estimate increased from CN¥0.86 to CN¥1.06 per share. Net income forecast to grow 53% next year vs 56% growth forecast for Chemicals industry in China. Consensus price target up from CN¥25.91 to CN¥31.73. Share price rose 9.2% to CN¥39.12 over the past week.New Risk • May 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥35.82, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 113% over the past three years.Price Target Changed • Apr 22Price target increased by 17% to CN¥25.91Up from CN¥22.21, the current price target is an average from 2 analysts. New target price is 18% below last closing price of CN¥31.73. Stock is up 60% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.71 last year.Reported Earnings • Apr 22First quarter 2026 earnings released: EPS: CN¥0.23 (vs CN¥0.23 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.23 (in line with 1Q 2025). Revenue: CN¥872.7m (up 25% from 1Q 2025). Net income: CN¥131.2m (up 9.6% from 1Q 2025). Profit margin: 15% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 22PhiChem Corporation, Annual General Meeting, May 12, 2026PhiChem Corporation, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China공시 • Mar 31PhiChem Corporation to Report Q1, 2026 Results on Apr 22, 2026PhiChem Corporation announced that they will report Q1, 2026 results on Apr 22, 2026Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥33.42, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 73% over the past three years.공시 • Dec 31PhiChem Corporation to Report Fiscal Year 2025 Results on Apr 22, 2026PhiChem Corporation announced that they will report fiscal year 2025 results on Apr 22, 2026Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥879.5m (up 15% from 3Q 2024). Net income: CN¥74.1m (down 14% from 3Q 2024). Profit margin: 8.4% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥22.41, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 24% over the past three years.공시 • Sep 30PhiChem Corporation to Report Q3, 2025 Results on Oct 30, 2025PhiChem Corporation announced that they will report Q3, 2025 results on Oct 30, 2025New Risk • Sep 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥24.89, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 24x in the Chemicals industry in China. Total returns to shareholders of 9.7% over the past three years.Buy Or Sell Opportunity • Aug 05Now 23% overvaluedOver the last 90 days, the stock has fallen 1.1% to CN¥20.35. The fair value is estimated to be CN¥16.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.Buy Or Sell Opportunity • Jul 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.2% to CN¥19.72. The fair value is estimated to be CN¥16.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.Declared Dividend • Jul 06Dividend of CN¥0.065 announcedShareholders will receive a dividend of CN¥0.065. Ex-date: 8th July 2025 Payment date: 8th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jul 02PhiChem Corporation to Report First Half, 2025 Results on Aug 28, 2025PhiChem Corporation announced that they will report first half, 2025 results on Aug 28, 2025Buy Or Sell Opportunity • Jun 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to CN¥19.46. The fair value is estimated to be CN¥16.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.New Risk • Jun 13New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change).Buy Or Sell Opportunity • Jun 09Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to CN¥19.62. The fair value is estimated to be CN¥16.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.공시 • May 22PhiChem Corporation Approves Cash Dividend for 2024PhiChem Corporation held its Annual General Meeting of 2024 on 16 May 2025, approved cash dividend/10 shares (tax included): CNY 0.65000000 for 2024.New Risk • May 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥20.31, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 10% over the past three years.Buy Or Sell Opportunity • May 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to CN¥20.31. The fair value is estimated to be CN¥16.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.70 to CN¥0.59 per share. Revenue forecast steady at CN¥3.42b. Net income forecast to grow 27% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target up from CN¥18.05 to CN¥20.33. Share price fell 5.3% to CN¥17.62 over the past week.공시 • Apr 25PhiChem Corporation Proposes Final Cash Dividend for the Year 2024PhiChem Corporation proposed final cash dividend/10 shares (tax included) of CNY 0.65000000 for the year 2024.Reported Earnings • Apr 24First quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.11 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥700.6m (up 4.8% from 1Q 2024). Net income: CN¥119.7m (up 100% from 1Q 2024). Profit margin: 17% (up from 9.0% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공시 • Apr 23PhiChem Corporation, Annual General Meeting, May 16, 2025PhiChem Corporation, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China공시 • Mar 31PhiChem Corporation to Report Q1, 2025 Results on Apr 23, 2025PhiChem Corporation announced that they will report Q1, 2025 results on Apr 23, 2025분석 기사 • Mar 25Getting In Cheap On PhiChem Corporation (SZSE:300398) Is UnlikelyWhen close to half the companies in the Chemicals industry in China have price-to-sales ratios (or "P/S") below 2.5x...공시 • Mar 22Shenmao Technology Inc (TWSE:3305) completed the acquisition of Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398).Shenmao Technology Inc (TWSE:3305) signed a letter of intent to acquire Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398) for approximately CNY 230 million on September 27, 2024. Profound Material Technology Co., Ltd. had reported total assets of CNY 127.176 million, total owner’s equity of CNY 99.815 million, revenue of CNY 99.6654 million, operating profit of CNY 13.1983 million and net profit of CNY 10.5306 million on December 31, 2023. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board of Shenmao Technology Inc. Transaction has been approved by PhiChem Corporation's Board of director's and is still subject to approval from PhiChem Corporation's shareholders. As on January 6, 2025, PhiChem Corporation and Shenmao Technology signed the Share Purchase and Sale Agreement. Transaction is expected to complete on March 20, 2025. Shenmao Technology Inc (TWSE:3305) completed the acquisition of Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398) on March 20, 2025.분석 기사 • Feb 08PhiChem (SZSE:300398) Will Want To Turn Around Its Return TrendsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...공시 • Dec 31PhiChem Corporation to Report Fiscal Year 2024 Results on Apr 23, 2025PhiChem Corporation announced that they will report fiscal year 2024 results on Apr 23, 2025공시 • Dec 21PhiChem Corporation Announces Third Quarter 2024 Profit Distribution, Payable on 27 December 2024PhiChem Corporation announced 2024 third quarter profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 0.30000000. Record date: 26 December 2024; Ex-date: 27 December 2024; Payment date: 27 December 2024.분석 기사 • Dec 02Subdued Growth No Barrier To PhiChem Corporation (SZSE:300398) With Shares Advancing 26%Despite an already strong run, PhiChem Corporation ( SZSE:300398 ) shares have been powering on, with a gain of 26% in...분석 기사 • Nov 20PhiChem (SZSE:300398) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Oct 30PhiChem Corporation Proposes Cash Dividend for the Third Quarter of 2024PhiChem Corporation announced on 29 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included) of CNY 0.30000000.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.069 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.069 in 3Q 2023). Revenue: CN¥762.0m (up 7.5% from 3Q 2023). Net income: CN¥85.7m (up 138% from 3Q 2023). Profit margin: 11% (up from 5.1% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.분석 기사 • Oct 08Optimistic Investors Push PhiChem Corporation (SZSE:300398) Shares Up 58% But Growth Is LackingPhiChem Corporation ( SZSE:300398 ) shareholders would be excited to see that the share price has had a great month...공시 • Sep 30PhiChem Corporation to Report Q3, 2024 Results on Oct 29, 2024PhiChem Corporation announced that they will report Q3, 2024 results on Oct 29, 2024분석 기사 • Sep 05PhiChem's (SZSE:300398) Soft Earnings Are Actually Better Than They AppearThe market for PhiChem Corporation's ( SZSE:300398 ) shares didn't move much after it posted weak earnings recently...Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥740.3m (up 3.4% from 2Q 2023). Net income: CN¥60.3m (down 41% from 2Q 2023). Profit margin: 8.1% (down from 14% in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.분석 기사 • Aug 21PhiChem Corporation's (SZSE:300398) Price In Tune With EarningsWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") below 26x, you may consider...분석 기사 • Jul 23PhiChem (SZSE:300398) Could Be Struggling To Allocate CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...공시 • Jul 11PhiChem Corporation Announces Final Dividend on A Shares for the Year 2023, Payable on July 16, 2024PhiChem Corporation announced final cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares for the year 2023. Record date is July 15, 2024. Ex-date is July 16, 2024. Payment date is July 16, 2024.공시 • Jun 29PhiChem Corporation to Report First Half, 2024 Results on Aug 30, 2024PhiChem Corporation announced that they will report first half, 2024 results on Aug 30, 2024Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.32, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years.New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥13.36, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years.분석 기사 • May 25Is PhiChem (SZSE:300398) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • May 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥668.5m (up 11% from 1Q 2023). Net income: CN¥59.8m (down 17% from 1Q 2023). Profit margin: 9.0% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공시 • Apr 30PhiChem Corporation, Annual General Meeting, May 21, 2024PhiChem Corporation, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China분석 기사 • Apr 18PhiChem Corporation (SZSE:300398) Might Not Be As Mispriced As It Looks After Plunging 26%The PhiChem Corporation ( SZSE:300398 ) share price has fared very poorly over the last month, falling by a substantial...Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.92, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years.공시 • Mar 30PhiChem Corporation to Report Q1, 2024 Results on Apr 29, 2024PhiChem Corporation announced that they will report Q1, 2024 results on Apr 29, 2024Valuation Update With 7 Day Price Move • Mar 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 19% over the past three years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥14.84, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 2.4% over the past three years.분석 기사 • Mar 04PhiChem Corporation (SZSE:300398) Stock Rockets 29% But Many Are Still Ignoring The CompanyThose holding PhiChem Corporation ( SZSE:300398 ) shares would be relieved that the share price has rebounded 29% in...분석 기사 • Feb 26Returns On Capital Signal Tricky Times Ahead For PhiChem (SZSE:300398)To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥11.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 20% over the past three years.공시 • Dec 30PhiChem Corporation to Report Fiscal Year 2023 Results on Mar 30, 2024PhiChem Corporation announced that they will report fiscal year 2023 results on Mar 30, 2024Price Target Changed • Nov 28Price target decreased by 10.0% to CN¥18.85Down from CN¥20.94, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥18.10. Stock is up 3.5% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.84 last year.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 5.2% over the past three years.New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.13 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.069 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥708.6m (up 19% from 3Q 2022). Net income: CN¥36.0m (down 47% from 3Q 2022). Profit margin: 5.1% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 26Price target decreased by 12% to CN¥20.94Down from CN¥23.87, the current price target is an average from 4 analysts. New target price is 41% above last closing price of CN¥14.88. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.84 last year.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.22 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥715.8m (down 8.1% from 2Q 2022). Net income: CN¥102.0m (down 11% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.New Risk • Aug 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Board Change • Jun 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Deqing Meng was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • May 30PhiChem Corporation Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 02 June 2023PhiChem Corporation announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.80000000 for the year 2022, payable on 02 June 2023. Record date is 01 June 2023. Ex-date is 02 June 2023.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.27 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.27 in 1Q 2022). Revenue: CN¥601.7m (down 31% from 1Q 2022). Net income: CN¥72.4m (down 48% from 1Q 2022). Profit margin: 12% (down from 16% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Nov 16Price target decreased to CN¥19.50Down from CN¥33.18, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥18.68. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of CN¥0.78 for next year compared to CN¥0.75 last year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Major Estimate Revision • Nov 01Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.18b to CN¥2.92b. EPS estimate also fell from CN¥0.96 per share to CN¥0.78 per share. Net income forecast to shrink 0.03% next year vs 44% growth forecast for Chemicals industry in China . Consensus price target down from CN¥33.18 to CN¥19.50. Share price fell 3.0% to CN¥17.08 over the past week.Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.20 in 3Q 2021). Revenue: CN¥595.3m (down 13% from 3Q 2021). Net income: CN¥67.8m (down 34% from 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.20 in 2Q 2021). Revenue: CN¥779.1m (up 22% from 2Q 2021). Net income: CN¥114.3m (up 14% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 42% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Jun 10PhiChem Corporation Announces Cash Dividend, Payable on 16 June 2022PhiChem Corporation announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.70000000. Record date as 15 June 2022, ex-date as 16 June 2022 and payment date as 16 June 2022.공시 • May 08PhiChem Corporation (SZSE:300398) announces an Equity Buyback for CNY 100 million worth of its shares.PhiChem Corporation (SZSE:300398) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 41.53 per share. The purpose of the share repurchases will be used to implement the equity incentive plan. The share repurchases will be funded from company's own funds. The program is valid for 12 months.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 22PhiChem Corporation Approves Final Cash Dividend for the Year 2021PhiChem Corporation at its Annual General Meeting of 2021 on 20 April 2022 approved cash dividend of CNY 0.7000000 (tax included) per 10 shares for 2021.Major Estimate Revision • Apr 06Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥2.89b to CN¥3.18b. EPS estimate increased from CN¥0.80 to CN¥0.96 per share. Net income forecast to grow 30% next year vs 40% growth forecast for Chemicals industry in China. Consensus price target up from CN¥27.50 to CN¥31.19. Share price fell 8.0% to CN¥26.66 over the past week.Reported Earnings • Apr 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: CN¥0.75 (up from CN¥0.45 in FY 2020). Revenue: CN¥2.63b (up 41% from FY 2020). Net income: CN¥385.9m (up 68% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 02PhiChem Corporation, Annual General Meeting, Apr 20, 2022PhiChem Corporation, Annual General Meeting, Apr 20, 2022. Agenda: To discuss 2021 work report of the board of directors; to discuss 2021 work report of the supervisory committee; to discuss 2021 annual report and its summary; to discuss 2021 annual accounts; to discuss 2021 profit distribution plan; to discuss 2022 financial budget report; to discuss Reappointment of audit firm; and to discuss Application for comprehensive credit line in 2022 to financial institutions and enterprises and estimated guarantee quota.Board Change • Apr 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 01PhiChem Corporation Proposes Final Cash Dividend for the Year 2021PhiChem Corporation proposed final cash dividend of CNY 0.70000000 per ten shares (tax included) for the year 2021.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 85% over the past three years.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥26.45, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 104% over the past three years.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥684.3m (up 33% from 3Q 2020). Net income: CN¥102.4m (up 73% from 3Q 2020). Profit margin: 15% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥639.6m (up 39% from 2Q 2020). Net income: CN¥99.8m (up 72% from 2Q 2020). Profit margin: 16% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • May 26Shanghai Phichem Material Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on 31 May 2021Shanghai Phichem Material Co., Ltd. announced final cash dividend (tax included) of CNY 0.65000000 per 10 shares (A shares) for the year 2020. The dividend is payable on 31 May 2021 to shareholders on record of 28 May 2021 with ex-date as 31 May 2021.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.10 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥562.9m (up 53% from 1Q 2020). Net income: CN¥68.2m (up 30% from 1Q 2020). Profit margin: 12% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.공시 • Mar 20Shanghai Phichem Material Co., Ltd. Proposes Cash Dividend for the Year 2020Shanghai Phichem Material Co., Ltd. proposed cash dividend/10 shares (tax included) of CNY 0.65000000 for the year 2020.공시 • Mar 19Shanghai Phichem Material Co., Ltd., Annual General Meeting, Apr 07, 2021Shanghai Phichem Material Co., Ltd., Annual General Meeting, Apr 07, 2021, at 14:30 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual report and its summary; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider 2021 financial budget report; to consider reappointment of audit firm; and to consider application for bank credit line in 2021.Reported Earnings • Mar 18Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.50 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.86b (up 23% from FY 2019). Net income: CN¥229.8m (down 9.9% from FY 2019). Profit margin: 12% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Feb 18Shanghai Phichem Material Co., Ltd. to Report Fiscal Year 2020 Results on Mar 18, 2021Shanghai Phichem Material Co., Ltd. announced that they will report fiscal year 2020 results on Mar 18, 2021이익 및 매출 성장 예측SZSE:300398 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,681761N/A792112/31/20274,119665N/A750112/31/20263,680598N/A637112/31/20253,226390175669N/A9/30/20253,089332130599N/A6/30/20252,971343169624N/A3/31/20252,950306323574N/A12/31/20242,918247414651N/A9/30/20242,901108432574N/A6/30/20242,83658292549N/A3/31/20242,795100245507N/A12/31/20232,72911219290N/A9/30/20232,66632414249N/A6/30/20232,56335690209N/A3/31/20232,643368170305N/A1/1/20232,907435202401N/A9/30/20222,980436-35282N/A6/30/20223,069471-34298N/A3/31/20222,930456-132191N/A1/1/20222,627386-11255N/A9/30/20212,406331202386N/A6/30/20212,23728884311N/A3/31/20212,05924628263N/A12/31/20201,864230-93171N/A9/30/20201,746240-191108N/A6/30/20201,596243-101159N/A3/31/20201,509234-82132N/A12/31/20191,513255-83187N/A9/30/20191,457214N/A161N/A6/30/20191,449251N/A86N/A3/31/20191,459285N/A80N/A12/31/20181,446284N/A183N/A9/30/20181,443289N/A208N/A6/30/20181,314215N/A212N/A3/31/20181,070142N/A210N/A12/31/201782084N/A118N/A9/30/201757864N/A105N/A6/30/201744556N/A85N/A3/31/201740065N/A55N/A12/31/201639168N/A59N/A9/30/201638775N/A67N/A6/30/201640890N/A80N/A3/31/201642698N/A83N/A12/31/2015432105N/A89N/A9/30/2015457106N/A75N/A6/30/2015447104N/A76N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 300398 의 연간 예상 수익 증가율(19.5%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 300398 의 연간 수익(19.5%)이 CN 시장(27%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 300398 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 300398 의 수익(연간 12.2%)이 CN 시장(연간 16%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 300398 의 수익(연간 12.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 300398의 자본 수익률은 3년 후 11.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 09:43종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PhiChem Corporation는 9명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xiongwei JiaChina International Capital Corporation LimitedKai LiuEverbright Securities Co. Ltd.Wei LiuHaitong International Research Limited6명의 분석가 더 보기
Major Estimate Revision • May 14Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥3.56b to CN¥3.68b. EPS estimate increased from CN¥0.86 to CN¥1.06 per share. Net income forecast to grow 53% next year vs 56% growth forecast for Chemicals industry in China. Consensus price target up from CN¥25.91 to CN¥31.73. Share price rose 9.2% to CN¥39.12 over the past week.
Price Target Changed • Apr 22Price target increased by 17% to CN¥25.91Up from CN¥22.21, the current price target is an average from 2 analysts. New target price is 18% below last closing price of CN¥31.73. Stock is up 60% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.71 last year.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.70 to CN¥0.59 per share. Revenue forecast steady at CN¥3.42b. Net income forecast to grow 27% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target up from CN¥18.05 to CN¥20.33. Share price fell 5.3% to CN¥17.62 over the past week.
Price Target Changed • Nov 28Price target decreased by 10.0% to CN¥18.85Down from CN¥20.94, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥18.10. Stock is up 3.5% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.84 last year.
Price Target Changed • Aug 26Price target decreased by 12% to CN¥20.94Down from CN¥23.87, the current price target is an average from 4 analysts. New target price is 41% above last closing price of CN¥14.88. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.84 last year.
Price Target Changed • Nov 16Price target decreased to CN¥19.50Down from CN¥33.18, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥18.68. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of CN¥0.78 for next year compared to CN¥0.75 last year.
Major Estimate Revision • May 14Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥3.56b to CN¥3.68b. EPS estimate increased from CN¥0.86 to CN¥1.06 per share. Net income forecast to grow 53% next year vs 56% growth forecast for Chemicals industry in China. Consensus price target up from CN¥25.91 to CN¥31.73. Share price rose 9.2% to CN¥39.12 over the past week.
New Risk • May 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥35.82, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 113% over the past three years.
Price Target Changed • Apr 22Price target increased by 17% to CN¥25.91Up from CN¥22.21, the current price target is an average from 2 analysts. New target price is 18% below last closing price of CN¥31.73. Stock is up 60% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.71 last year.
Reported Earnings • Apr 22First quarter 2026 earnings released: EPS: CN¥0.23 (vs CN¥0.23 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.23 (in line with 1Q 2025). Revenue: CN¥872.7m (up 25% from 1Q 2025). Net income: CN¥131.2m (up 9.6% from 1Q 2025). Profit margin: 15% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 22PhiChem Corporation, Annual General Meeting, May 12, 2026PhiChem Corporation, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China
공시 • Mar 31PhiChem Corporation to Report Q1, 2026 Results on Apr 22, 2026PhiChem Corporation announced that they will report Q1, 2026 results on Apr 22, 2026
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥33.42, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 73% over the past three years.
공시 • Dec 31PhiChem Corporation to Report Fiscal Year 2025 Results on Apr 22, 2026PhiChem Corporation announced that they will report fiscal year 2025 results on Apr 22, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥879.5m (up 15% from 3Q 2024). Net income: CN¥74.1m (down 14% from 3Q 2024). Profit margin: 8.4% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥22.41, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 24% over the past three years.
공시 • Sep 30PhiChem Corporation to Report Q3, 2025 Results on Oct 30, 2025PhiChem Corporation announced that they will report Q3, 2025 results on Oct 30, 2025
New Risk • Sep 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥24.89, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 24x in the Chemicals industry in China. Total returns to shareholders of 9.7% over the past three years.
Buy Or Sell Opportunity • Aug 05Now 23% overvaluedOver the last 90 days, the stock has fallen 1.1% to CN¥20.35. The fair value is estimated to be CN¥16.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
Buy Or Sell Opportunity • Jul 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.2% to CN¥19.72. The fair value is estimated to be CN¥16.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
Declared Dividend • Jul 06Dividend of CN¥0.065 announcedShareholders will receive a dividend of CN¥0.065. Ex-date: 8th July 2025 Payment date: 8th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jul 02PhiChem Corporation to Report First Half, 2025 Results on Aug 28, 2025PhiChem Corporation announced that they will report first half, 2025 results on Aug 28, 2025
Buy Or Sell Opportunity • Jun 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to CN¥19.46. The fair value is estimated to be CN¥16.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
New Risk • Jun 13New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change).
Buy Or Sell Opportunity • Jun 09Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to CN¥19.62. The fair value is estimated to be CN¥16.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
공시 • May 22PhiChem Corporation Approves Cash Dividend for 2024PhiChem Corporation held its Annual General Meeting of 2024 on 16 May 2025, approved cash dividend/10 shares (tax included): CNY 0.65000000 for 2024.
New Risk • May 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥20.31, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 10% over the past three years.
Buy Or Sell Opportunity • May 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to CN¥20.31. The fair value is estimated to be CN¥16.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.70 to CN¥0.59 per share. Revenue forecast steady at CN¥3.42b. Net income forecast to grow 27% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target up from CN¥18.05 to CN¥20.33. Share price fell 5.3% to CN¥17.62 over the past week.
공시 • Apr 25PhiChem Corporation Proposes Final Cash Dividend for the Year 2024PhiChem Corporation proposed final cash dividend/10 shares (tax included) of CNY 0.65000000 for the year 2024.
Reported Earnings • Apr 24First quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.11 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥700.6m (up 4.8% from 1Q 2024). Net income: CN¥119.7m (up 100% from 1Q 2024). Profit margin: 17% (up from 9.0% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • Apr 23PhiChem Corporation, Annual General Meeting, May 16, 2025PhiChem Corporation, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China
공시 • Mar 31PhiChem Corporation to Report Q1, 2025 Results on Apr 23, 2025PhiChem Corporation announced that they will report Q1, 2025 results on Apr 23, 2025
분석 기사 • Mar 25Getting In Cheap On PhiChem Corporation (SZSE:300398) Is UnlikelyWhen close to half the companies in the Chemicals industry in China have price-to-sales ratios (or "P/S") below 2.5x...
공시 • Mar 22Shenmao Technology Inc (TWSE:3305) completed the acquisition of Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398).Shenmao Technology Inc (TWSE:3305) signed a letter of intent to acquire Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398) for approximately CNY 230 million on September 27, 2024. Profound Material Technology Co., Ltd. had reported total assets of CNY 127.176 million, total owner’s equity of CNY 99.815 million, revenue of CNY 99.6654 million, operating profit of CNY 13.1983 million and net profit of CNY 10.5306 million on December 31, 2023. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board of Shenmao Technology Inc. Transaction has been approved by PhiChem Corporation's Board of director's and is still subject to approval from PhiChem Corporation's shareholders. As on January 6, 2025, PhiChem Corporation and Shenmao Technology signed the Share Purchase and Sale Agreement. Transaction is expected to complete on March 20, 2025. Shenmao Technology Inc (TWSE:3305) completed the acquisition of Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398) on March 20, 2025.
분석 기사 • Feb 08PhiChem (SZSE:300398) Will Want To Turn Around Its Return TrendsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
공시 • Dec 31PhiChem Corporation to Report Fiscal Year 2024 Results on Apr 23, 2025PhiChem Corporation announced that they will report fiscal year 2024 results on Apr 23, 2025
공시 • Dec 21PhiChem Corporation Announces Third Quarter 2024 Profit Distribution, Payable on 27 December 2024PhiChem Corporation announced 2024 third quarter profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 0.30000000. Record date: 26 December 2024; Ex-date: 27 December 2024; Payment date: 27 December 2024.
분석 기사 • Dec 02Subdued Growth No Barrier To PhiChem Corporation (SZSE:300398) With Shares Advancing 26%Despite an already strong run, PhiChem Corporation ( SZSE:300398 ) shares have been powering on, with a gain of 26% in...
분석 기사 • Nov 20PhiChem (SZSE:300398) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Oct 30PhiChem Corporation Proposes Cash Dividend for the Third Quarter of 2024PhiChem Corporation announced on 29 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included) of CNY 0.30000000.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.069 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.069 in 3Q 2023). Revenue: CN¥762.0m (up 7.5% from 3Q 2023). Net income: CN¥85.7m (up 138% from 3Q 2023). Profit margin: 11% (up from 5.1% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
분석 기사 • Oct 08Optimistic Investors Push PhiChem Corporation (SZSE:300398) Shares Up 58% But Growth Is LackingPhiChem Corporation ( SZSE:300398 ) shareholders would be excited to see that the share price has had a great month...
공시 • Sep 30PhiChem Corporation to Report Q3, 2024 Results on Oct 29, 2024PhiChem Corporation announced that they will report Q3, 2024 results on Oct 29, 2024
분석 기사 • Sep 05PhiChem's (SZSE:300398) Soft Earnings Are Actually Better Than They AppearThe market for PhiChem Corporation's ( SZSE:300398 ) shares didn't move much after it posted weak earnings recently...
Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥740.3m (up 3.4% from 2Q 2023). Net income: CN¥60.3m (down 41% from 2Q 2023). Profit margin: 8.1% (down from 14% in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
분석 기사 • Aug 21PhiChem Corporation's (SZSE:300398) Price In Tune With EarningsWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") below 26x, you may consider...
분석 기사 • Jul 23PhiChem (SZSE:300398) Could Be Struggling To Allocate CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
공시 • Jul 11PhiChem Corporation Announces Final Dividend on A Shares for the Year 2023, Payable on July 16, 2024PhiChem Corporation announced final cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares for the year 2023. Record date is July 15, 2024. Ex-date is July 16, 2024. Payment date is July 16, 2024.
공시 • Jun 29PhiChem Corporation to Report First Half, 2024 Results on Aug 30, 2024PhiChem Corporation announced that they will report first half, 2024 results on Aug 30, 2024
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.32, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years.
New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥13.36, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years.
분석 기사 • May 25Is PhiChem (SZSE:300398) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • May 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥668.5m (up 11% from 1Q 2023). Net income: CN¥59.8m (down 17% from 1Q 2023). Profit margin: 9.0% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공시 • Apr 30PhiChem Corporation, Annual General Meeting, May 21, 2024PhiChem Corporation, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China
분석 기사 • Apr 18PhiChem Corporation (SZSE:300398) Might Not Be As Mispriced As It Looks After Plunging 26%The PhiChem Corporation ( SZSE:300398 ) share price has fared very poorly over the last month, falling by a substantial...
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.92, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years.
공시 • Mar 30PhiChem Corporation to Report Q1, 2024 Results on Apr 29, 2024PhiChem Corporation announced that they will report Q1, 2024 results on Apr 29, 2024
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 19% over the past three years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥14.84, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 2.4% over the past three years.
분석 기사 • Mar 04PhiChem Corporation (SZSE:300398) Stock Rockets 29% But Many Are Still Ignoring The CompanyThose holding PhiChem Corporation ( SZSE:300398 ) shares would be relieved that the share price has rebounded 29% in...
분석 기사 • Feb 26Returns On Capital Signal Tricky Times Ahead For PhiChem (SZSE:300398)To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥11.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 20% over the past three years.
공시 • Dec 30PhiChem Corporation to Report Fiscal Year 2023 Results on Mar 30, 2024PhiChem Corporation announced that they will report fiscal year 2023 results on Mar 30, 2024
Price Target Changed • Nov 28Price target decreased by 10.0% to CN¥18.85Down from CN¥20.94, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥18.10. Stock is up 3.5% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.84 last year.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 5.2% over the past three years.
New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.13 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.069 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥708.6m (up 19% from 3Q 2022). Net income: CN¥36.0m (down 47% from 3Q 2022). Profit margin: 5.1% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 26Price target decreased by 12% to CN¥20.94Down from CN¥23.87, the current price target is an average from 4 analysts. New target price is 41% above last closing price of CN¥14.88. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.84 last year.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.22 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥715.8m (down 8.1% from 2Q 2022). Net income: CN¥102.0m (down 11% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
New Risk • Aug 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Board Change • Jun 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Deqing Meng was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • May 30PhiChem Corporation Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 02 June 2023PhiChem Corporation announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.80000000 for the year 2022, payable on 02 June 2023. Record date is 01 June 2023. Ex-date is 02 June 2023.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.27 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.27 in 1Q 2022). Revenue: CN¥601.7m (down 31% from 1Q 2022). Net income: CN¥72.4m (down 48% from 1Q 2022). Profit margin: 12% (down from 16% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Nov 16Price target decreased to CN¥19.50Down from CN¥33.18, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥18.68. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of CN¥0.78 for next year compared to CN¥0.75 last year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Major Estimate Revision • Nov 01Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.18b to CN¥2.92b. EPS estimate also fell from CN¥0.96 per share to CN¥0.78 per share. Net income forecast to shrink 0.03% next year vs 44% growth forecast for Chemicals industry in China . Consensus price target down from CN¥33.18 to CN¥19.50. Share price fell 3.0% to CN¥17.08 over the past week.
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.20 in 3Q 2021). Revenue: CN¥595.3m (down 13% from 3Q 2021). Net income: CN¥67.8m (down 34% from 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.20 in 2Q 2021). Revenue: CN¥779.1m (up 22% from 2Q 2021). Net income: CN¥114.3m (up 14% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 42% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Jun 10PhiChem Corporation Announces Cash Dividend, Payable on 16 June 2022PhiChem Corporation announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.70000000. Record date as 15 June 2022, ex-date as 16 June 2022 and payment date as 16 June 2022.
공시 • May 08PhiChem Corporation (SZSE:300398) announces an Equity Buyback for CNY 100 million worth of its shares.PhiChem Corporation (SZSE:300398) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 41.53 per share. The purpose of the share repurchases will be used to implement the equity incentive plan. The share repurchases will be funded from company's own funds. The program is valid for 12 months.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 22PhiChem Corporation Approves Final Cash Dividend for the Year 2021PhiChem Corporation at its Annual General Meeting of 2021 on 20 April 2022 approved cash dividend of CNY 0.7000000 (tax included) per 10 shares for 2021.
Major Estimate Revision • Apr 06Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥2.89b to CN¥3.18b. EPS estimate increased from CN¥0.80 to CN¥0.96 per share. Net income forecast to grow 30% next year vs 40% growth forecast for Chemicals industry in China. Consensus price target up from CN¥27.50 to CN¥31.19. Share price fell 8.0% to CN¥26.66 over the past week.
Reported Earnings • Apr 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: CN¥0.75 (up from CN¥0.45 in FY 2020). Revenue: CN¥2.63b (up 41% from FY 2020). Net income: CN¥385.9m (up 68% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 02PhiChem Corporation, Annual General Meeting, Apr 20, 2022PhiChem Corporation, Annual General Meeting, Apr 20, 2022. Agenda: To discuss 2021 work report of the board of directors; to discuss 2021 work report of the supervisory committee; to discuss 2021 annual report and its summary; to discuss 2021 annual accounts; to discuss 2021 profit distribution plan; to discuss 2022 financial budget report; to discuss Reappointment of audit firm; and to discuss Application for comprehensive credit line in 2022 to financial institutions and enterprises and estimated guarantee quota.
Board Change • Apr 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 01PhiChem Corporation Proposes Final Cash Dividend for the Year 2021PhiChem Corporation proposed final cash dividend of CNY 0.70000000 per ten shares (tax included) for the year 2021.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 85% over the past three years.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥26.45, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 104% over the past three years.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥684.3m (up 33% from 3Q 2020). Net income: CN¥102.4m (up 73% from 3Q 2020). Profit margin: 15% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥639.6m (up 39% from 2Q 2020). Net income: CN¥99.8m (up 72% from 2Q 2020). Profit margin: 16% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • May 26Shanghai Phichem Material Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on 31 May 2021Shanghai Phichem Material Co., Ltd. announced final cash dividend (tax included) of CNY 0.65000000 per 10 shares (A shares) for the year 2020. The dividend is payable on 31 May 2021 to shareholders on record of 28 May 2021 with ex-date as 31 May 2021.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.10 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥562.9m (up 53% from 1Q 2020). Net income: CN¥68.2m (up 30% from 1Q 2020). Profit margin: 12% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
공시 • Mar 20Shanghai Phichem Material Co., Ltd. Proposes Cash Dividend for the Year 2020Shanghai Phichem Material Co., Ltd. proposed cash dividend/10 shares (tax included) of CNY 0.65000000 for the year 2020.
공시 • Mar 19Shanghai Phichem Material Co., Ltd., Annual General Meeting, Apr 07, 2021Shanghai Phichem Material Co., Ltd., Annual General Meeting, Apr 07, 2021, at 14:30 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual report and its summary; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider 2021 financial budget report; to consider reappointment of audit firm; and to consider application for bank credit line in 2021.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.50 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.86b (up 23% from FY 2019). Net income: CN¥229.8m (down 9.9% from FY 2019). Profit margin: 12% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Feb 18Shanghai Phichem Material Co., Ltd. to Report Fiscal Year 2020 Results on Mar 18, 2021Shanghai Phichem Material Co., Ltd. announced that they will report fiscal year 2020 results on Mar 18, 2021