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786

Beijing New Building Materials SZSE:000786 Stock Report

Last Price

CN¥24.05

Market Cap

CN¥40.6b

7D

0.2%

1Y

-24.7%

Updated

30 Sep, 2022

Data

Company Financials +
786 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

786 Stock Overview

Beijing New Building Materials Public Limited Company manufactures and sells building materials in China and internationally.

Beijing New Building Materials Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Beijing New Building Materials
Historical stock prices
Current Share PriceCN¥24.05
52 Week HighCN¥38.20
52 Week LowCN¥23.45
Beta1.22
1 Month Change-8.52%
3 Month Change-30.55%
1 Year Change-24.73%
3 Year Change33.61%
5 Year Change39.91%
Change since IPO453.33%

Recent News & Updates

Shareholder Returns

786CN BuildingCN Market
7D0.2%-0.5%-2.2%
1Y-24.7%-7.9%-18.4%

Return vs Industry: 000786 underperformed the CN Building industry which returned -7.9% over the past year.

Return vs Market: 000786 underperformed the CN Market which returned -18.4% over the past year.

Price Volatility

Is 786's price volatile compared to industry and market?
786 volatility
786 Average Weekly Movement4.7%
Building Industry Average Movement5.8%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 000786 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 000786's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197913,590Li Guanhttps://www.bnbm.com.cn

Beijing New Building Materials Public Limited Company manufactures and sells building materials in China and internationally. It provides gypsum, multifunctional, mineral wool, and fiber cement boards; light steel and T-grid studs; paintings; joint compound gypsum, binder, leveling putty, and putty powders; insulating materials, such as rock wool board and felt, and granulated wool; waterproof materials; floorings; and ceiling and partition accessories, and special tools. The company also offers interior and exterior wall systems, and ceiling systems.

Beijing New Building Materials Fundamentals Summary

How do Beijing New Building Materials's earnings and revenue compare to its market cap?
786 fundamental statistics
Market CapCN¥40.63b
Earnings (TTM)CN¥3.31b
Revenue (TTM)CN¥21.33b

12.3x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
786 income statement (TTM)
RevenueCN¥21.33b
Cost of RevenueCN¥14.94b
Gross ProfitCN¥6.39b
Other ExpensesCN¥3.08b
EarningsCN¥3.31b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.96
Gross Margin29.94%
Net Profit Margin15.50%
Debt/Equity Ratio17.8%

How did 786 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 786 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 786?

Other financial metrics that can be useful for relative valuation.

786 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/Revenue2x
Enterprise Value/EBITDA10.2x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does 786's PE Ratio compare to its peers?

786 PE Ratio vs Peers
The above table shows the PE ratio for 786 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average47.3x
601636 Zhuzhou Kibing GroupLtd
8.3x28.3%CN¥25.9b
002791 Guangdong KinLong Hardware ProductsLtd
67x42.8%CN¥28.5b
002372 Zhejiang Weixing New Building Materials
27.6x17.6%CN¥32.4b
300260 Kunshan Kinglai Hygienic MaterialsLtd
86.5x29.9%CN¥22.3b
000786 Beijing New Building Materials
12.3x16.4%CN¥40.6b

Price-To-Earnings vs Peers: 000786 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (47.3x).


Price to Earnings Ratio vs Industry

How does 786's PE Ratio compare vs other companies in the CN Building Industry?

Price-To-Earnings vs Industry: 000786 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the CN Building industry average (26.6x)


Price to Earnings Ratio vs Fair Ratio

What is 786'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.

786 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: 000786 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).


Share Price vs Fair Value

What is the Fair Price of 786 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000786 (CN¥24.05) is trading below our estimate of fair value (CN¥54.27)

Significantly Below Fair Value: 000786 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 and analysts are within a statistically confident range of agreement.


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Future Growth

How is Beijing New Building Materials forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000786's forecast earnings growth (16.4% per year) is above the savings rate (3.2%).

Earnings vs Market: 000786's earnings (16.4% per year) are forecast to grow slower than the CN market (25.9% per year).

High Growth Earnings: 000786's earnings are forecast to grow, but not significantly.

Revenue vs Market: 000786's revenue (12.9% per year) is forecast to grow slower than the CN market (18.2% per year).

High Growth Revenue: 000786's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000786's Return on Equity is forecast to be low in 3 years time (18.3%).


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Past Performance

How has Beijing New Building Materials performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 000786 has high quality earnings.

Growing Profit Margin: 000786's current net profit margins (15.5%) are lower than last year (19%).


Past Earnings Growth Analysis

Earnings Trend: 000786's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: 000786's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 000786 had negative earnings growth (-12.9%) over the past year, making it difficult to compare to the Building industry average (-5.9%).


Return on Equity

High ROE: 000786's Return on Equity (16.7%) is considered low.


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Financial Health

How is Beijing New Building Materials'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: 000786's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥5.7B).

Long Term Liabilities: 000786's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥1.9B).


Debt to Equity History and Analysis

Debt Level: 000786's net debt to equity ratio (5.8%) is considered satisfactory.

Reducing Debt: 000786's debt to equity ratio has reduced from 21.4% to 17.8% over the past 5 years.

Debt Coverage: 000786's debt is well covered by operating cash flow (101.5%).

Interest Coverage: 000786's interest payments on its debt are well covered by EBIT (44.3x coverage).


Balance Sheet


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Dividend

What is Beijing New Building Materials's 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


2.72%

Current Dividend Yield

Dividend Yield vs Market

Beijing New Building Materials Dividend Yield vs Market
How does Beijing New Building Materials dividend yield compare to the market?
SegmentDividend Yield
Company (Beijing New Building Materials)2.7%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Building)2.4%
Analyst forecast in 3 Years (Beijing New Building Materials)3.4%

Notable Dividend: 000786's dividend (2.72%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).

High Dividend: 000786's dividend (2.72%) is in the top 25% of dividend payers in the CN market (2.14%)


Stability and Growth of Payments

Stable Dividend: 000786's dividend payments have been volatile in the past 10 years.

Growing Dividend: 000786's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.5%), 000786's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (48.1%), 000786's dividend payments are well covered by cash flows.


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Management

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

0.5yrs

Average management tenure


CEO

Li Guan (43 yo)

0.50yr

Tenure

CN¥1,750,000

Compensation

Mr. Li Guan serves as General Manager and Director at Beijing New Building Materials Public Limited Company since February 22, 2022 and previously served as its Deputy General Manager until February 22, 2...


Leadership Team

Experienced Management: 000786's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 000786's board of directors are considered experienced (4.9 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

What is the ownership structure of 786?
Owner TypeNumber of SharesOwnership Percentage
State or Government14,890,9360.9%
Individual Insiders76,075,1764.5%
Institutions385,362,78422.8%
General Public574,113,07634.0%
Public Companies639,065,87037.8%

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


Top Shareholders

Top 25 shareholders own 63.18% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
37.83%
China National Building Material Company Limited
639,065,870CN¥15.4b0%no data
6.68%
Taian Guotai Min'an Investment Group Co., Ltd.
112,872,368CN¥2.7b0%100%
4.5%
Jia Chun
76,072,976CN¥1.8b0%no data
3.07%
AEGON-Industrial Fund Management Co., Ltd.
51,914,147CN¥1.2b0%0.9%
1.19%
National Council for Social Security Fund
20,021,129CN¥481.5m8.54%0.09%
1.05%
Norges Bank Investment Management
17,814,218CN¥428.4m0%0.01%
0.91%
Sinatay Life Insurance Co., Ltd., Investment Arm
15,299,860CN¥368.0m0%8.51%
0.88%
Monetary Authority of Macao
14,890,936CN¥358.1m0%no data
0.86%
Caisse de dépôt et placement du Québec
14,561,681CN¥350.2m-33.01%0.07%
0.75%
CPP Investments
12,717,875CN¥305.9m0%0.04%
0.67%
Abu Dhabi Investment Authority
11,250,764CN¥270.6m0%0.31%
0.64%
Essence Fund Management Co., Ltd
10,801,234CN¥259.8m0%1.18%
0.56%
China Asset Management Co., Ltd.
9,489,221CN¥228.2m-9.98%0.07%
0.54%
E Fund Management Co., Ltd.
9,190,926CN¥221.0m0%0.05%
0.53%
Invesco Great Wall Fund Management Co. Ltd
9,037,129CN¥217.3m0%0.15%
0.41%
Tianhong Asset Management Co., Ltd.
6,875,608CN¥165.4m0%0.3%
0.27%
BlackRock, Inc.
4,585,062CN¥110.3m-0.16%no data
0.27%
The Vanguard Group, Inc.
4,544,786CN¥109.3m1.56%no data
0.26%
Franklin Templeton Sealand Fund Management Co., Ltd.
4,351,037CN¥104.6m0%0.41%
0.25%
Bank of Communications Schroder Fund Management Co., Ltd.
4,184,200CN¥100.6m0%0.1%
0.24%
GF Fund Management Co., Ltd.
4,118,363CN¥99.0m0%0.04%
0.24%
Guotai Asset Management Co., Ltd.
4,011,033CN¥96.5m0%0.07%
0.23%
Bosera Asset Management Co., Ltd.
3,954,077CN¥95.1m0%0.08%
0.18%
TD Asset Management, Inc.
2,982,400CN¥71.7m-2.35%0.01%
0.17%
RBC Global Asset Management Inc.
2,795,764CN¥67.2m0%0.01%

Company Information

Beijing New Building Materials Public Limited Company's employee growth, exchange listings and data sources


Key Information

  • Name: Beijing New Building Materials Public Limited Company
  • Ticker: 786
  • Exchange: SZSE
  • Founded: 1979
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: CN¥40.633b
  • Shares outstanding: 1.69b
  • Website: https://www.bnbm.com.cn

Number of Employees


Location

  • Beijing New Building Materials Public Limited Company
  • Building A, Beixin Center
  • No. 9, Qibei Road
  • Beijing
  • 102209
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
786SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYAug 1998
786XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYAug 1998

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.