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6016

Zhuzhou Kibing GroupLtd SHSE:601636 Stock Report

Last Price

CN¥12.22

Market Cap

CN¥32.6b

7D

6.4%

1Y

-39.4%

Updated

10 Aug, 2022

Data

Company Financials +
601636 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends5/6

601636 Stock Overview

Zhuzhou Kibing Group Co., Ltd manufactures and sells glass in China.

Zhuzhou Kibing GroupLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zhuzhou Kibing GroupLtd
Historical stock prices
Current Share PriceCN¥12.22
52 Week HighCN¥28.93
52 Week LowCN¥9.82
Beta1.57
1 Month Change8.91%
3 Month Change13.15%
1 Year Change-39.42%
3 Year Change263.69%
5 Year Change147.37%
Change since IPO115.90%

Recent News & Updates

Shareholder Returns

601636CN BuildingCN Market
7D6.4%4.6%3.3%
1Y-39.4%-19.5%-11.4%

Return vs Industry: 601636 underperformed the CN Building industry which returned -19.5% over the past year.

Return vs Market: 601636 underperformed the CN Market which returned -11.4% over the past year.

Price Volatility

Is 601636's price volatile compared to industry and market?
601636 volatility
601636 Average Weekly Movement7.3%
Building Industry Average Movement6.2%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 601636 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 601636's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198811,278BaiZhong Zhanghttps://www.kibing-glass.com

Zhuzhou Kibing Group Co., Ltd manufactures and sells glass in China. The company offers transparent float glass, ultra-clear glass, tinted float glass, glass for solar modules, reflective coated glass, sunlight control coated glass, ceramic frit glass, tempered glass, and laminated glass. Its products are used in steel, sandwich, hollow, furniture, coating, mirror, automotive, optical instruments, and other processing; building and glass processing, solar photovoltaic curtain wall areas, glass furniture, decorative glass, imitation crystal products, lamps glass, precision electronics industry, and special buildings; building doors and windows, art processing, and other fields; and glass drilling and summer indoor ecological environment.

Zhuzhou Kibing GroupLtd Fundamentals Summary

How do Zhuzhou Kibing GroupLtd's earnings and revenue compare to its market cap?
601636 fundamental statistics
Market CapCN¥32.60b
Earnings (TTM)CN¥3.88b
Revenue (TTM)CN¥14.71b

8.5x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
601636 income statement (TTM)
RevenueCN¥14.71b
Cost of RevenueCN¥7.99b
Gross ProfitCN¥6.72b
Other ExpensesCN¥2.84b
EarningsCN¥3.88b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.44
Gross Margin45.66%
Net Profit Margin26.34%
Debt/Equity Ratio24.3%

How did 601636 perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

54%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 601636 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 601636?

Other financial metrics that can be useful for relative valuation.

601636 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/Revenue2.1x
Enterprise Value/EBITDA5.7x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 601636's PE Ratio compare to its peers?

601636 PE Ratio vs Peers
The above table shows the PE ratio for 601636 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.9x
002372 Zhejiang Weixing New Building Materials
24.3x17.4%CN¥30.3b
002791 Guangdong KinLong Hardware ProductsLtd
31.5x29.3%CN¥24.3b
000786 Beijing New Building Materials
12.7x15.2%CN¥45.7b
300260 Kunshan Kinglai Hygienic MaterialsLtd
87.3x31.6%CN¥18.7b
601636 Zhuzhou Kibing GroupLtd
8.5x19.0%CN¥32.6b

Price-To-Earnings vs Peers: 601636 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (38.9x).


Price to Earnings Ratio vs Industry

How does 601636's PE Ratio compare vs other companies in the CN Building Industry?

Price-To-Earnings vs Industry: 601636 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the CN Building industry average (34.5x)


Price to Earnings Ratio vs Fair Ratio

What is 601636'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.

601636 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ratio26.5x

Price-To-Earnings vs Fair Ratio: 601636 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the estimated Fair Price-To-Earnings Ratio (26.5x).


Share Price vs Fair Value

What is the Fair Price of 601636 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601636 (CN¥12.22) is trading below our estimate of fair value (CN¥39.29)

Significantly Below Fair Value: 601636 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Zhuzhou Kibing GroupLtd forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601636's forecast earnings growth (19% per year) is above the savings rate (3.2%).

Earnings vs Market: 601636's earnings (19% per year) are forecast to grow slower than the CN market (24.6% per year).

High Growth Earnings: 601636's earnings are forecast to grow, but not significantly.

Revenue vs Market: 601636's revenue (23.1% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 601636's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 601636's Return on Equity is forecast to be high in 3 years time (24.3%)


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Past Performance

How has Zhuzhou Kibing GroupLtd performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 601636 has high quality earnings.

Growing Profit Margin: 601636's current net profit margins (26.3%) are higher than last year (22.5%).


Past Earnings Growth Analysis

Earnings Trend: 601636's earnings have grown significantly by 30.7% per year over the past 5 years.

Accelerating Growth: 601636's earnings growth over the past year (53%) exceeds its 5-year average (30.7% per year).

Earnings vs Industry: 601636 earnings growth over the past year (53%) exceeded the Building industry -8.7%.


Return on Equity

High ROE: 601636's Return on Equity (27.3%) is considered high.


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Financial Health

How is Zhuzhou Kibing GroupLtd'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: 601636's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥3.9B).

Long Term Liabilities: 601636's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥3.6B).


Debt to Equity History and Analysis

Debt Level: 601636 has more cash than its total debt.

Reducing Debt: 601636's debt to equity ratio has reduced from 62.5% to 24.3% over the past 5 years.

Debt Coverage: 601636's debt is well covered by operating cash flow (120.9%).

Interest Coverage: 601636's interest payments on its debt are well covered by EBIT (279.7x coverage).


Balance Sheet


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Dividend

What is Zhuzhou Kibing GroupLtd 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

  • Cash Flow Coverage


6.55%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 601636's dividend (6.55%) is higher than the bottom 25% of dividend payers in the CN market (0.46%).

High Dividend: 601636's dividend (6.55%) is in the top 25% of dividend payers in the CN market (1.91%)


Stability and Growth of Payments

Stable Dividend: 601636's dividend payments have been volatile in the past 10 years.

Growing Dividend: 601636's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.2%), 601636's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81.4%), 601636's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

5.4yrs

Average management tenure


CEO

BaiZhong Zhang (56 yo)

5.42yrs

Tenure

CN¥9,335,000

Compensation

Mr. BaiZhong Zhang is President of Zhuzhou Kibing Group Co.,Ltd since March 29, 2017 and serves as its Director since April 20, 2017.


Leadership Team

Experienced Management: 601636's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: 601636's board of directors are considered experienced (6.3 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

Zhuzhou Kibing Group Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Zhuzhou Kibing Group Co.,Ltd
  • Ticker: 601636
  • Exchange: SHSE
  • Founded: 1988
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: CN¥32.604b
  • Shares outstanding: 2.68b
  • Website: https://www.kibing-glass.com

Number of Employees


Location

  • Zhuzhou Kibing Group Co.,Ltd
  • Jinjia Technology Building
  • 11th Floor
  • Shenzhen
  • Guangdong Province
  • 518054
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 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.