2372 Stock Overview
Zhejiang Weixing New Building Materials Co., Ltd.
No risks detected for 2372 from our risk checks.
Zhejiang Weixing New Building Materials Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥20.60|
|52 Week High||CN¥25.45|
|52 Week Low||CN¥16.09|
|1 Month Change||1.18%|
|3 Month Change||-13.41%|
|1 Year Change||21.97%|
|3 Year Change||29.56%|
|5 Year Change||85.76%|
|Change since IPO||380.16%|
Recent News & Updates
|2372||CN Building||CN Market|
Return vs Industry: 002372 exceeded the CN Building industry which returned -8.5% over the past year.
Return vs Market: 002372 exceeded the CN Market which returned -19.2% over the past year.
|2372 Average Weekly Movement||5.9%|
|Building Industry Average Movement||5.8%|
|Market Average Movement||5.8%|
|10% most volatile stocks in CN Market||9.2%|
|10% least volatile stocks in CN Market||3.8%|
Stable Share Price: 002372 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 002372's weekly volatility (6%) has been stable over the past year.
About the Company
Zhejiang Weixing New Building Materials Co., Ltd. engages in the manufacture and sale of plastic pipes in China. The company’s products include PPR, PE, polypropylene-random-copolymer, PE-XB, F-PPR, and PP-R/AL pipes for water supplying applications; PE corrugated, PVC-U, and PE pipes for sewerage applications; PB-R, PE-RT II, PE-RT I, PB, and PB-XB pipes for heating applications; and hoses and plumbing accessories.
Zhejiang Weixing New Building Materials Fundamentals Summary
|2372 fundamental statistics|
Is 2372 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2372 income statement (TTM)|
|Cost of Revenue||CN¥3.99b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.75|
|Net Profit Margin||18.06%|
How did 2372 perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Is 2372 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2372?
Other financial metrics that can be useful for relative valuation.
|What is 2372's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2372's PE Ratio compare to its peers?
|2372 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
002791 Guangdong KinLong Hardware ProductsLtd
000786 Beijing New Building Materials
601636 Zhuzhou Kibing GroupLtd
300260 Kunshan Kinglai Hygienic MaterialsLtd
002372 Zhejiang Weixing New Building Materials
Price-To-Earnings vs Peers: 002372 is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (43.5x).
Price to Earnings Ratio vs Industry
How does 2372's PE Ratio compare vs other companies in the CN Building Industry?
Price-To-Earnings vs Industry: 002372 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the CN Building industry average (26.4x)
Price to Earnings Ratio vs Fair Ratio
What is 2372'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.
|Current PE Ratio||27.6x|
|Fair PE Ratio||23.6x|
Price-To-Earnings vs Fair Ratio: 002372 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).
Share Price vs Fair Value
What is the Fair Price of 2372 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002372 (CN¥20.6) is trading below our estimate of fair value (CN¥26.78)
Significantly Below Fair Value: 002372 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 less than 20% higher than the current share price.
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How is Zhejiang Weixing New Building Materials forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002372's forecast earnings growth (17.6% per year) is above the savings rate (3.2%).
Earnings vs Market: 002372's earnings (17.6% per year) are forecast to grow slower than the CN market (25.8% per year).
High Growth Earnings: 002372's earnings are forecast to grow, but not significantly.
Revenue vs Market: 002372's revenue (14.8% per year) is forecast to grow slower than the CN market (18.1% per year).
High Growth Revenue: 002372's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002372's Return on Equity is forecast to be high in 3 years time (29.4%)
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How has Zhejiang Weixing New Building Materials performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002372 has high quality earnings.
Growing Profit Margin: 002372's current net profit margins (18.1%) are lower than last year (22%).
Past Earnings Growth Analysis
Earnings Trend: 002372's earnings have grown by 9.5% per year over the past 5 years.
Accelerating Growth: 002372's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002372 had negative earnings growth (-6%) over the past year, making it difficult to compare to the Building industry average (-5.9%).
Return on Equity
High ROE: 002372's Return on Equity (27%) is considered high.
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How is Zhejiang Weixing New Building Materials's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 002372's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002372's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥46.3M).
Debt to Equity History and Analysis
Debt Level: 002372 is debt free.
Reducing Debt: 002372 had no debt 5 years ago.
Debt Coverage: 002372 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002372 has no debt, therefore coverage of interest payments is not a concern.
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What is Zhejiang Weixing New Building Materials's current dividend yield, its reliability and sustainability?
Dividend Score 6/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Zhejiang Weixing New Building Materials Dividend Yield vs Market|
|Company (Zhejiang Weixing New Building Materials)||2.9%|
|Market Bottom 25% (CN)||0.5%|
|Market Top 25% (CN)||2.2%|
|Industry Average (Building)||2.4%|
|Analyst forecast in 3 Years (Zhejiang Weixing New Building Materials)||3.8%|
Notable Dividend: 002372's dividend (2.91%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 002372's dividend (2.91%) is in the top 25% of dividend payers in the CN market (2.16%)
Stability and Growth of Payments
Stable Dividend: 002372's dividends per share have been stable in the past 10 years.
Growing Dividend: 002372's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (80.2%), 002372's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88%), 002372's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Hongyang Jin (55 yo)
Mr. Hongyang Jin serves as Chairman of the Board of Directors and General manager at Zhejiang Weixing New Building Materials Co., Ltd.
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.
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||26,783,457||1.7%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Zhejiang Weixing New Building Materials Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Zhejiang Weixing New Building Materials Co., Ltd.
- Ticker: 2372
- Exchange: SZSE
- Founded: 1999
- Industry: Building Products
- Sector: Capital Goods
- Implied Market Cap: CN¥32.406b
- Shares outstanding: 1.57b
- Website: https://www.vasen.com
Number of Employees
- Zhejiang Weixing New Building Materials Co., Ltd.
- No. 688, Jiangshi West Road
- Zhejiang Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2372||SZSE (Shenzhen Stock Exchange)||Yes||Domestic Shares||CN||CNY||Mar 2010|
|2372||XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)||Yes||Domestic Shares||CN||CNY||Mar 2010|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.