company background image
6006

Fuyao Glass Industry Group SHSE:600660 Stock Report

Last Price

CN¥37.60

Market Cap

CN¥93.2b

7D

7.4%

1Y

-26.1%

Updated

16 May, 2022

Data

Company Financials +
600660 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends5/6

600660 Stock Overview

Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides solutions of safety glass and automotive accessories for various transportation vehicles in China and internationally.

Fuyao Glass Industry Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fuyao Glass Industry Group
Historical stock prices
Current Share PriceCN¥37.60
52 Week HighCN¥60.54
52 Week LowCN¥30.23
Beta0.97
1 Month Change7.18%
3 Month Change-18.47%
1 Year Change-26.13%
3 Year Change65.35%
5 Year Change62.35%
Change since IPO5,770.96%

Recent News & Updates

Shareholder Returns

600660CN Auto ComponentsCN Market
7D7.4%7.8%3.6%
1Y-26.1%-5.1%-14.6%

Return vs Industry: 600660 underperformed the CN Auto Components industry which returned -5.1% over the past year.

Return vs Market: 600660 underperformed the CN Market which returned -14.6% over the past year.

Price Volatility

Is 600660's price volatile compared to industry and market?
600660 volatility
600660 Average Weekly Movement6.9%
Auto Components Industry Average Movement7.1%
Market Average Movement7.3%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 600660 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 600660's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198726,532Shu Yehttps://www.fuyaogroup.com

Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides solutions of safety glass and automotive accessories for various transportation vehicles in China and internationally. It designs, manufactures, sells, and services automotive grade float glass, automotive glass, locomotive glass, luggage racks, and vehicle window trims, as well as offers relevant services. The company provides head-up display, semi- tempered laminated, acoustic, heating, hydrophobic, dimming, antenna, heat insulation, lightweight, and ambient glasses.

Fuyao Glass Industry Group Fundamentals Summary

How do Fuyao Glass Industry Group's earnings and revenue compare to its market cap?
600660 fundamental statistics
Market CapCN¥93.23b
Earnings (TTM)CN¥3.16b
Revenue (TTM)CN¥24.44b

31.0x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600660 income statement (TTM)
RevenueCN¥24.44b
Cost of RevenueCN¥15.82b
Gross ProfitCN¥8.63b
Other ExpensesCN¥5.46b
EarningsCN¥3.16b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.21
Gross Margin35.29%
Net Profit Margin12.94%
Debt/Equity Ratio43.9%

How did 600660 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

82%

Payout Ratio

Does 600660 pay a reliable dividends?

See 600660 dividend history and benchmarks
When do you need to buy 600660 by to receive an upcoming dividend?
Fuyao Glass Industry Group dividend dates
Ex Dividend DateMay 19 2022
Dividend Pay DateMay 19 2022
Days until Ex dividend2 days
Days until Dividend pay date2 days

Does 600660 pay a reliable dividends?

See 600660 dividend history and benchmarks

Valuation

Is Fuyao Glass Industry Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


12.9%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 600660 (CN¥37.6) is trading below our estimate of fair value (CN¥43.15)

Significantly Below Fair Value: 600660 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 600660 is good value based on its PE Ratio (31x) compared to the CN Auto Components industry average (36.9x).

PE vs Market: 600660 is poor value based on its PE Ratio (31x) compared to the CN market (30.4x).


Price to Earnings Growth Ratio

PEG Ratio: 600660 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 600660 is overvalued based on its PB Ratio (3.6x) compared to the CN Auto Components industry average (2.1x).


Future Growth

How is Fuyao Glass Industry Group forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600660's forecast earnings growth (21.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 600660's earnings (21.9% per year) are forecast to grow slower than the CN market (23.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600660's revenue (15.5% per year) is forecast to grow slower than the CN market (17.2% per year).

High Growth Revenue: 600660's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600660's Return on Equity is forecast to be low in 3 years time (17.9%).


Past Performance

How has Fuyao Glass Industry Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600660 has high quality earnings.

Growing Profit Margin: 600660's current net profit margins (12.9%) are lower than last year (14%).


Past Earnings Growth Analysis

Earnings Trend: 600660's earnings have declined by 2.9% per year over the past 5 years.

Accelerating Growth: 600660's earnings growth over the past year (5.5%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: 600660 earnings growth over the past year (5.5%) exceeded the Auto Components industry -19%.


Return on Equity

High ROE: 600660's Return on Equity (11.6%) is considered low.


Financial Health

How is Fuyao Glass Industry Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600660's short term assets (CN¥26.9B) exceed its short term liabilities (CN¥16.5B).

Long Term Liabilities: 600660's short term assets (CN¥26.9B) exceed its long term liabilities (CN¥3.2B).


Debt to Equity History and Analysis

Debt Level: 600660 has more cash than its total debt.

Reducing Debt: 600660's debt to equity ratio has increased from 39.2% to 43.9% over the past 5 years.

Debt Coverage: 600660's debt is well covered by operating cash flow (44.1%).

Interest Coverage: 600660's interest payments on its debt are well covered by EBIT (55.8x coverage).


Balance Sheet


Dividend

What is Fuyao Glass Industry Group current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.66%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 16 2022Ex Dividend DateMay 19 2022Dividend Pay DateMay 19 20220 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 600660's dividend (2.66%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 600660's dividend (2.66%) is in the top 25% of dividend payers in the CN market (2.12%)


Stability and Growth of Payments

Stable Dividend: 600660's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600660's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (81.9%), 600660's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (89.4%), 600660's dividend payments are covered by cash flows.


Next Steps

Management

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

7.6yrs

Average management tenure


CEO

Shu Ye (49 yo)

5.17yrs

Tenure

CN¥2,274,000

Compensation

Mr. Shu Ye has been President of Fuyao Glass Industry Group Co., Ltd. since March 25, 2017 and serves as its Executive Director since October 30, 2019. He is General Manager of Fuyao Glass Industry Group C...


CEO Compensation Analysis

Compensation vs Market: Shu's total compensation ($USD335.00K) is about average for companies of similar size in the CN market ($USD346.20K).

Compensation vs Earnings: Shu's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 600660's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: 600660's board of directors are considered experienced (7.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Fuyao Glass Industry Group Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fuyao Glass Industry Group Co., Ltd.
  • Ticker: 600660
  • Exchange: SHSE
  • Founded: 1987
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥93.225b
  • Shares outstanding: 2.61b
  • Website: https://www.fuyaogroup.com

Number of Employees


Location

  • Fuyao Glass Industry Group Co., Ltd.
  • Fuyao Industrial Zone II
  • Fuqing
  • Fujian Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 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.