Is Zhejiang Juhua (SHSE:600160) Using Too Much Debt?
Aug 11
Chinese (SSE) Chemicals Industry Analysis
UpdatedAug 13, 2024
DataAggregated Company Financials
Companies487
- 7D0.6%
- 3M-17.6%
- 1Y-27.4%
- YTD-19.7%
Over the last 7 days, the Chemicals industry has remained flat, although notably Wanhua Chemical Group gained 3.6%. As for the longer term, the industry has declined 27% in the last year. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Chinese Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 14 Aug 2024 | CN¥3.8t | CN¥3.6t | CN¥144.2b | 27.5x | 26.6x | 1.1x |
| Fri, 12 Jul 2024 | CN¥4.1t | CN¥3.6t | CN¥143.2b | 28.9x | 28.7x | 1.1x |
| Sun, 09 Jun 2024 | CN¥4.3t | CN¥3.6t | CN¥143.0b | 30.3x | 30.1x | 1.2x |
| Tue, 07 May 2024 | CN¥4.6t | CN¥3.5t | CN¥137.1b | 34x | 33.7x | 1.3x |
| Thu, 04 Apr 2024 | CN¥4.5t | CN¥3.5t | CN¥157.9b | 30x | 28.7x | 1.3x |
| Sat, 02 Mar 2024 | CN¥4.3t | CN¥3.5t | CN¥173.2b | 28.5x | 24.9x | 1.2x |
| Mon, 29 Jan 2024 | CN¥4.3t | CN¥3.5t | CN¥171.4b | 31.7x | 24.9x | 1.2x |
| Wed, 27 Dec 2023 | CN¥4.5t | CN¥3.5t | CN¥170.8b | 34.7x | 26.4x | 1.3x |
| Fri, 24 Nov 2023 | CN¥4.8t | CN¥3.5t | CN¥170.7b | 36.7x | 28.4x | 1.4x |
| Sun, 22 Oct 2023 | CN¥4.6t | CN¥3.5t | CN¥191.9b | 32.2x | 24.2x | 1.3x |
| Tue, 19 Sep 2023 | CN¥5.0t | CN¥3.5t | CN¥192.5b | 34.7x | 25.8x | 1.4x |
| Thu, 17 Aug 2023 | CN¥5.0t | CN¥3.6t | CN¥250.2b | 28.7x | 20.2x | 1.4x |
| Sat, 15 Jul 2023 | CN¥5.2t | CN¥3.5t | CN¥254.9b | 29.6x | 20.6x | 1.5x |
| Mon, 12 Jun 2023 | CN¥5.0t | CN¥3.5t | CN¥253.9b | 27.9x | 19.8x | 1.4x |
| Wed, 10 May 2023 | CN¥5.2t | CN¥3.5t | CN¥261.1b | 28.6x | 19.9x | 1.5x |
| Fri, 07 Apr 2023 | CN¥5.6t | CN¥3.5t | CN¥321.3b | 28.6x | 17.5x | 1.6x |
| Sun, 05 Mar 2023 | CN¥6.0t | CN¥3.5t | CN¥326.4b | 30.4x | 18.5x | 1.7x |
| Tue, 31 Jan 2023 | CN¥5.8t | CN¥3.4t | CN¥310.0b | 29.1x | 18.9x | 1.7x |
| Thu, 29 Dec 2022 | CN¥5.4t | CN¥3.4t | CN¥309.1b | 26.9x | 17.4x | 1.6x |
| Sat, 26 Nov 2022 | CN¥5.6t | CN¥3.4t | CN¥308.6b | 27.4x | 18x | 1.6x |
| Mon, 24 Oct 2022 | CN¥5.5t | CN¥3.3t | CN¥336.9b | 26.2x | 16.5x | 1.7x |
| Wed, 21 Sep 2022 | CN¥5.9t | CN¥3.3t | CN¥331.0b | 26.8x | 17.8x | 1.8x |
| Fri, 19 Aug 2022 | CN¥6.4t | CN¥3.2t | CN¥312.7b | 30.1x | 20.5x | 2x |
| Sun, 17 Jul 2022 | CN¥6.2t | CN¥3.1t | CN¥312.8b | 27.6x | 19.7x | 2x |
| Tue, 14 Jun 2022 | CN¥6.3t | CN¥3.1t | CN¥312.9b | 27.2x | 20x | 2x |
| Thu, 12 May 2022 | CN¥5.4t | CN¥3.1t | CN¥312.0b | 24.5x | 17.4x | 1.8x |
| Sat, 09 Apr 2022 | CN¥5.9t | CN¥2.8t | CN¥277.8b | 29.3x | 21.2x | 2.1x |
| Mon, 07 Mar 2022 | CN¥6.2t | CN¥2.7t | CN¥260.8b | 31.9x | 23.8x | 2.3x |
| Wed, 02 Feb 2022 | CN¥5.7t | CN¥2.7t | CN¥253.3b | 31.1x | 22.6x | 2.2x |
| Fri, 31 Dec 2021 | CN¥6.4t | CN¥2.7t | CN¥252.9b | 34.7x | 25.3x | 2.4x |
| Sun, 28 Nov 2021 | CN¥6.5t | CN¥2.6t | CN¥252.7b | 35.4x | 25.6x | 2.4x |
| Tue, 26 Oct 2021 | CN¥6.5t | CN¥2.5t | CN¥226.6b | 30.8x | 28.5x | 2.6x |
| Thu, 23 Sep 2021 | CN¥7.1t | CN¥2.4t | CN¥213.9b | 35.4x | 33.3x | 2.9x |
| Sat, 21 Aug 2021 | CN¥6.2t | CN¥2.4t | CN¥214.0b | 33x | 29x | 2.6x |
Price to Earnings Ratio
29x
Current Industry PE
- Investors are optimistic on the Chinese Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.6x which is higher than its 3-year average PE of 23.0x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Materials industry?
| CN Market | -0.18% | |
| Materials | 0.19% | |
| Chemicals | 0.63% | |
| Diversified Chemicals | 5.25% | |
| Fertilizers and Agricultural Chemicals | 1.41% | |
| Commodity Chemicals | 0.41% | |
| Specialty Chemicals | 0.30% | |
| Industrial Gases | -1.35% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 24.6x.
- Analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings decline of 14.6% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 18.4x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 9.7% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 600989 Ningxia Baofeng Energy Group | CN¥15.35 | 3.4% +CN¥3.7b | 10.9% | PE16.8x | |
| 600309 Wanhua Chemical Group | CN¥73.01 | 1.0% +CN¥2.2b | -22.8% | PE14x | |
| 600096 Yunnan Yuntianhua | CN¥20.00 | 4.0% +CN¥1.6b | 15.1% | PE7.8x | |
| 002096 Explosive | CN¥12.05 | 9.5% +CN¥1.3b | 6.6% | PE232.8x | |
| 002827 Tibet GaoZheng Explosive | CN¥24.05 | 22.5% +CN¥1.2b | 113.0% | PE55.4x |
