Shenzhen Prince New MaterialsLtd's (SZSE:002735) Solid Profits Have Weak Fundamentals
May 06
Chinese (SSE) Packaging Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies44
- 7D3.1%
- 3M18.7%
- 1Y-10.4%
- YTD-6.9%
The Packaging industry is up 3.1% in the last week, with ShenZhen YUTO Packaging Technology up 2.9%. In the same time, Shenzhen Prince New MaterialsLtd was down 5.2%. In the past year, the industry is down 10%. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Chinese Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | CN¥204.0b | CN¥137.5b | CN¥5.5b | 33.8x | 37.1x | 1.5x |
| Sun, 07 Apr 2024 | CN¥204.8b | CN¥139.8b | CN¥5.7b | 36.1x | 35.7x | 1.5x |
| Tue, 05 Mar 2024 | CN¥188.4b | CN¥140.5b | CN¥5.9b | 30x | 31.8x | 1.3x |
| Thu, 01 Feb 2024 | CN¥181.4b | CN¥140.5b | CN¥5.9b | 31.8x | 30.6x | 1.3x |
| Sat, 30 Dec 2023 | CN¥217.2b | CN¥140.5b | CN¥5.9b | 39.8x | 36.6x | 1.5x |
| Mon, 27 Nov 2023 | CN¥222.4b | CN¥140.5b | CN¥6.0b | 40.4x | 37x | 1.6x |
| Wed, 25 Oct 2023 | CN¥218.5b | CN¥150.0b | CN¥6.4b | 36.4x | 34x | 1.5x |
| Fri, 22 Sep 2023 | CN¥224.8b | CN¥149.4b | CN¥6.3b | 39.4x | 35.6x | 1.5x |
| Sun, 20 Aug 2023 | CN¥225.2b | CN¥150.0b | CN¥6.4b | 36.6x | 35x | 1.5x |
| Tue, 18 Jul 2023 | CN¥233.7b | CN¥150.1b | CN¥6.5b | 38.2x | 36.1x | 1.6x |
| Thu, 15 Jun 2023 | CN¥225.3b | CN¥150.3b | CN¥6.5b | 38.7x | 34.6x | 1.5x |
| Sat, 13 May 2023 | CN¥225.5b | CN¥149.2b | CN¥6.4b | 39.9x | 35.1x | 1.5x |
| Mon, 10 Apr 2023 | CN¥240.1b | CN¥154.5b | CN¥8.8b | 29.8x | 27.2x | 1.6x |
| Wed, 08 Mar 2023 | CN¥251.4b | CN¥154.7b | CN¥8.8b | 30.3x | 28.6x | 1.6x |
| Fri, 03 Feb 2023 | CN¥251.3b | CN¥154.4b | CN¥8.7b | 31.1x | 29x | 1.6x |
| Sun, 01 Jan 2023 | CN¥234.4b | CN¥154.4b | CN¥8.7b | 27.4x | 27x | 1.5x |
| Tue, 29 Nov 2022 | CN¥240.0b | CN¥154.4b | CN¥8.7b | 29.1x | 27.6x | 1.6x |
| Thu, 27 Oct 2022 | CN¥234.4b | CN¥150.5b | CN¥9.4b | 29.1x | 25x | 1.6x |
| Sat, 24 Sep 2022 | CN¥226.7b | CN¥149.6b | CN¥9.2b | 33.5x | 24.7x | 1.5x |
| Mon, 22 Aug 2022 | CN¥248.6b | CN¥148.0b | CN¥9.6b | 31.5x | 25.8x | 1.7x |
| Wed, 20 Jul 2022 | CN¥230.2b | CN¥147.4b | CN¥9.8b | 26.8x | 23.6x | 1.6x |
| Fri, 17 Jun 2022 | CN¥227.6b | CN¥147.4b | CN¥9.8b | 29.8x | 23.3x | 1.5x |
| Sun, 15 May 2022 | CN¥211.5b | CN¥146.6b | CN¥9.9b | 25.7x | 21.4x | 1.4x |
| Tue, 12 Apr 2022 | CN¥229.5b | CN¥140.7b | CN¥11.1b | 25x | 20.6x | 1.6x |
| Thu, 10 Mar 2022 | CN¥248.6b | CN¥139.1b | CN¥11.1b | 28.4x | 22.4x | 1.8x |
| Sat, 05 Feb 2022 | CN¥275.0b | CN¥138.1b | CN¥11.1b | 32.5x | 24.8x | 2x |
| Mon, 03 Jan 2022 | CN¥526.1b | CN¥145.1b | CN¥13.3b | 36.6x | 39.5x | 3.6x |
| Wed, 01 Dec 2021 | CN¥519.3b | CN¥144.5b | CN¥13.2b | 33.3x | 39.2x | 3.6x |
| Fri, 29 Oct 2021 | CN¥509.5b | CN¥142.3b | CN¥13.3b | 29.8x | 38.3x | 3.6x |
| Sun, 26 Sep 2021 | CN¥528.7b | CN¥138.2b | CN¥12.7b | 32.4x | 41.8x | 3.8x |
| Tue, 24 Aug 2021 | CN¥495.7b | CN¥137.4b | CN¥12.5b | 31.5x | 39.5x | 3.6x |
| Wed, 30 Jun 2021 | CN¥447.5b | CN¥137.4b | CN¥12.5b | 30.9x | 35.7x | 3.3x |
Price to Earnings Ratio
34.2x
Current Industry PE
- Investors are optimistic on the Chinese Packaging industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.1x which is higher than its 3-year average PE of 31.6x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.2% 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 | 2.17% | |
| Materials | 3.98% | |
| Packaging | 3.09% | |
| Metal and Glass Containers | 3.27% | |
| Paper Packaging | 2.99% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 32.8x.
- Analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings growth of 10.6% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading close to its 3-year average of 29.6x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Metal and Glass Containers 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 | |
|---|---|---|---|---|---|
| 2831 ShenZhen YUTO Packaging Technology | CN¥27.53 | 2.9% +CN¥713.6m | 11.8% | PE17.1x | |
| 2752 Sunrise Group | CN¥5.97 | 8.7% +CN¥468.9m | 21.8% | PE14.5x | |
| 601515 Guangdong DFP New Material Group | CN¥3.82 | 6.1% +CN¥405.5m | -13.2% | PS3.4x | |
| 301062 Shanghai Ailu Package | CN¥11.26 | 9.5% +CN¥392.4m | 22.5% | PE46.6x | |
| 603499 Shanghai Sunglow Packaging TechnologyLtd | CN¥18.04 | 8.9% +CN¥319.9m | 94.0% | PE460.3x |
