Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd (SHSE:600506) Stock Rockets 35% But Many Are Still Ignoring The Company
Nov 22
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Chinese (SSE) Food Industry Analysis
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies161
- 7D-3.5%
- 3M18.8%
- 1Y-6.7%
- YTD-4.4%
Over the last 7 days, the Food industry has dropped 3.5%, driven by a pullback from Foshan Haitian Flavouring and Food of 5.6%. Meanwhile, Tongyi Carbon Neutral Technology (Xinjiang) actually outperformed within the industry, gaining 24% in the last week. The industry has fallen 6.7% in the last year. Earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Chinese Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | CN¥2.1t | CN¥1.6t | CN¥85.5b | 27.8x | 25x | 1.3x |
| Tue, 22 Oct 2024 | CN¥2.1t | CN¥1.6t | CN¥65.0b | 26.2x | 32.4x | 1.3x |
| Thu, 19 Sep 2024 | CN¥1.7t | CN¥1.6t | CN¥64.5b | 21.6x | 26.9x | 1.1x |
| Sat, 17 Aug 2024 | CN¥1.9t | CN¥1.7t | CN¥53.0b | 23.6x | 35.7x | 1.1x |
| Mon, 15 Jul 2024 | CN¥1.9t | CN¥1.7t | CN¥45.2b | 23.5x | 42.7x | 1.2x |
| Wed, 12 Jun 2024 | CN¥2.1t | CN¥1.7t | CN¥45.2b | 26.9x | 47x | 1.3x |
| Fri, 10 May 2024 | CN¥2.3t | CN¥1.8t | CN¥47.4b | 30x | 48.3x | 1.3x |
| Sun, 07 Apr 2024 | CN¥2.2t | CN¥1.7t | CN¥47.6b | 28.7x | 46.5x | 1.3x |
| Tue, 05 Mar 2024 | CN¥2.1t | CN¥1.7t | CN¥46.2b | 28.2x | 45.9x | 1.2x |
| Thu, 01 Feb 2024 | CN¥2.0t | CN¥1.7t | CN¥52.9b | 27.1x | 37.8x | 1.1x |
| Sat, 30 Dec 2023 | CN¥2.3t | CN¥1.7t | CN¥52.8b | 32.8x | 42.7x | 1.3x |
| Mon, 27 Nov 2023 | CN¥2.3t | CN¥1.7t | CN¥53.0b | 32.9x | 43.5x | 1.3x |
| Wed, 25 Oct 2023 | CN¥2.1t | CN¥1.8t | CN¥68.5b | 30.6x | 31x | 1.2x |
| Fri, 22 Sep 2023 | CN¥2.3t | CN¥1.7t | CN¥68.5b | 34.3x | 33.2x | 1.3x |
| Sun, 20 Aug 2023 | CN¥2.4t | CN¥1.7t | CN¥77.6b | 35.2x | 30.3x | 1.4x |
| Tue, 18 Jul 2023 | CN¥2.4t | CN¥1.7t | CN¥79.6b | 37.5x | 30.6x | 1.4x |
| Thu, 15 Jun 2023 | CN¥2.5t | CN¥1.7t | CN¥79.6b | 39.1x | 31x | 1.4x |
| Sat, 13 May 2023 | CN¥2.6t | CN¥1.7t | CN¥79.1b | 39.3x | 32.8x | 1.5x |
| Mon, 10 Apr 2023 | CN¥2.8t | CN¥1.6t | CN¥41.4b | 41.5x | 67.4x | 1.7x |
| Wed, 08 Mar 2023 | CN¥2.9t | CN¥1.6t | CN¥33.2b | 43.8x | 86.7x | 1.8x |
| Fri, 03 Feb 2023 | CN¥3.1t | CN¥1.7t | CN¥57.3b | 41.2x | 53.6x | 1.8x |
| Sun, 01 Jan 2023 | CN¥3.0t | CN¥1.7t | CN¥57.3b | 42.3x | 51.8x | 1.7x |
| Tue, 29 Nov 2022 | CN¥2.8t | CN¥1.7t | CN¥57.3b | 36.9x | 48.4x | 1.6x |
| Thu, 27 Oct 2022 | CN¥2.8t | CN¥1.7t | CN¥31.3b | 34.3x | 88.4x | 1.7x |
| Sat, 24 Sep 2022 | CN¥2.9t | CN¥1.6t | CN¥16.4b | 36.4x | 175.7x | 1.8x |
| Mon, 22 Aug 2022 | CN¥3.1t | CN¥1.6t | CN¥16.8b | 37.6x | 185.5x | 2x |
| Wed, 20 Jul 2022 | CN¥3.2t | CN¥1.6t | CN¥8.0b | 38.8x | 395.2x | 2x |
| Fri, 17 Jun 2022 | CN¥3.1t | CN¥1.5t | CN¥7.3b | 40x | 425.3x | 2x |
| Sun, 15 May 2022 | CN¥2.8t | CN¥1.5t | CN¥7.7b | 37.1x | 368.8x | 1.8x |
| Tue, 12 Apr 2022 | CN¥3.0t | CN¥1.6t | CN¥46.8b | 36.8x | 63.1x | 1.9x |
| Thu, 10 Mar 2022 | CN¥3.0t | CN¥1.6t | CN¥44.8b | 35.1x | 66.3x | 1.9x |
| Sat, 05 Feb 2022 | CN¥3.1t | CN¥1.5t | CN¥46.7b | 36.5x | 66.1x | 2x |
| Mon, 03 Jan 2022 | CN¥3.4t | CN¥1.5t | CN¥48.1b | 42.5x | 70.2x | 2.2x |
| Wed, 01 Dec 2021 | CN¥3.2t | CN¥1.5t | CN¥48.1b | 38.8x | 67.2x | 2.1x |
Price to Earnings Ratio
67.2x
Current Industry PE
- Investors are pessimistic on the Chinese Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 25.0x which is lower than its 3-year average PE of 85.6x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 2.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Staples industry?
| CN Market | -2.14% | |
| Consumer Staples | -3.79% | |
| Food | -3.53% | |
| Agricultural Products | -2.35% | |
| Packaged Foods and Meats | -3.68% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 70.8x.
- Analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings decline of 4.1% per year.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600506 Tongyi Carbon Neutral Technology (Xinjiang) | CN¥17.11 | 24.0% +CN¥635.6m | 14.9% | PE531.7x | |
| 002458 Shandong Yisheng Livestock & Poultry Breeding | CN¥9.77 | 5.6% +CN¥572.7m | -13.5% | PE68.2x | |
| 002086 Shandong Oriental Ocean Sci-Tech | CN¥3.05 | 9.3% +CN¥509.3m | 0.7% | PE3.4x | |
| 300505 Kunming Chuan Jin Nuo Chemical | CN¥16.88 | 8.6% +CN¥368.3m | 15.4% | PE36.5x | |
| 002840 Zhejiang Huatong Meat Products | CN¥12.74 | 4.5% +CN¥341.2m | -31.3% | PS0.9x |
