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Shenyang Jinbei Automotive SHSE:600609 Stock Report

Last Price

CN¥5.21

Market Cap

CN¥6.8b

7D

3.2%

1Y

-2.1%

Updated

13 Aug, 2022

Data

Company Financials
600609 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

600609 Stock Overview

Shenyang Jinbei Automotive Company Limited engages in the design, production, and sale of auto parts in China.

Shenyang Jinbei Automotive Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shenyang Jinbei Automotive
Historical stock prices
Current Share PriceCN¥5.21
52 Week HighCN¥7.44
52 Week LowCN¥4.44
Beta0.52
1 Month Change-16.77%
3 Month Change-2.25%
1 Year Change-2.07%
3 Year Change45.94%
5 Year Changen/a
Change since IPO178.61%

Recent News & Updates

Shareholder Returns

600609CN Auto ComponentsCN Market
7D3.2%-0.4%1.6%
1Y-2.1%7.7%-10.1%

Return vs Industry: 600609 underperformed the CN Auto Components industry which returned 7.7% over the past year.

Return vs Market: 600609 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 600609's price volatile compared to industry and market?
600609 volatility
600609 Average Weekly Movement7.7%
Auto Components Industry Average Movement7.7%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 600609 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 600609's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a2,675Xiao Min Xu

Shenyang Jinbei Automotive Company Limited engages in the design, production, and sale of auto parts in China. The company offers auto interior parts, seats, rubber parts, etc. It serves automobile manufacturers. The company is headquartered in Shenyang, China.

Shenyang Jinbei Automotive Fundamentals Summary

How do Shenyang Jinbei Automotive's earnings and revenue compare to its market cap?
600609 fundamental statistics
Market CapCN¥6.83b
Earnings (TTM)CN¥182.88m
Revenue (TTM)CN¥4.98b

37.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600609 income statement (TTM)
RevenueCN¥4.98b
Cost of RevenueCN¥4.10b
Gross ProfitCN¥882.95m
Other ExpensesCN¥700.08m
EarningsCN¥182.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin17.72%
Net Profit Margin3.67%
Debt/Equity Ratio86.4%

How did 600609 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 600609 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600609?

Other financial metrics that can be useful for relative valuation.

600609 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA13x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 600609's PE Ratio compare to its peers?

600609 PE Ratio vs Peers
The above table shows the PE ratio for 600609 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average63.6x
002662 Beijing WKW Automotive PartsLtd
46.9xn/aCN¥5.8b
605018 Zhejiang Changhua Auto Parts
46xn/aCN¥7.1b
300978 WINBO-Dongjian Automotive Technology
94.5xn/aCN¥7.5b
300893 Zhejiang Songyuan Automotive Safety SystemsLtd
67.2xn/aCN¥7.3b
600609 Shenyang Jinbei Automotive
37.4xn/aCN¥6.8b

Price-To-Earnings vs Peers: 600609 is good value based on its Price-To-Earnings Ratio (37.4x) compared to the peer average (63.6x).


Price to Earnings Ratio vs Industry

How does 600609's PE Ratio compare vs other companies in the CN Auto Components Industry?

Price-To-Earnings vs Industry: 600609 is good value based on its Price-To-Earnings Ratio (37.4x) compared to the CN Auto Components industry average (51.7x)


Price to Earnings Ratio vs Fair Ratio

What is 600609's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600609 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 600609's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 600609 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600609 (CN¥5.21) is trading above our estimate of fair value (CN¥2.15)

Significantly Below Fair Value: 600609 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Shenyang Jinbei Automotive forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.9%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shenyang Jinbei Automotive has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Shenyang Jinbei Automotive performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600609 has high quality earnings.

Growing Profit Margin: 600609 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 600609 has become profitable over the past 5 years, growing earnings by -0.7% per year.

Accelerating Growth: 600609 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 600609 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (-16.7%).


Return on Equity

High ROE: 600609's Return on Equity (30.9%) is considered high.


Discover strong past performing companies

Financial Health

How is Shenyang Jinbei Automotive's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600609's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.7B).

Long Term Liabilities: 600609's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥560.5M).


Debt to Equity History and Analysis

Debt Level: 600609 has more cash than its total debt.

Reducing Debt: 600609's debt to equity ratio has reduced from 1976.2% to 86.4% over the past 5 years.

Debt Coverage: 600609's debt is well covered by operating cash flow (42.7%).

Interest Coverage: 600609's interest payments on its debt are well covered by EBIT (14.1x coverage).


Balance Sheet


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Dividend

What is Shenyang Jinbei Automotive current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600609's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600609's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 600609's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600609's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 600609 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Xiao Min Xu (58 yo)

3yrs

Tenure

CN¥400,000

Compensation

Mr. Xiao Min Xu is President and Director of Shenyang Jinbei Automotive Company Limited from August 06, 2019. He served as Vice President of Shenyang Jinbei Automotive Company Limited. He used to be the as...


Leadership Team

Experienced Management: 600609's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: 600609's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shenyang Jinbei Automotive Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shenyang Jinbei Automotive Company Limited
  • Ticker: 600609
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥6.831b
  • Shares outstanding: 1.31b

Number of Employees


Location

  • Shenyang Jinbei Automotive Company Limited
  • 39 Dongwang Street
  • Dadong District
  • Shenyang
  • Liaoning Province
  • 110044
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.