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6003

Jiangsu Sanfame Polyester MaterialLtd SHSE:600370 Stock Report

Last Price

CN¥2.81

Market Cap

CN¥10.9b

7D

-5.4%

1Y

-19.0%

Updated

02 Oct, 2022

Data

Company Financials
600370 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends4/6

600370 Stock Overview

Jiangsu Sanfangxiang Industry Co., Ltd. engages in the chemical fiber, textiles, printed and dyed fabrics, and chemical businesses.

Jiangsu Sanfame Polyester MaterialLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jiangsu Sanfame Polyester MaterialLtd
Historical stock prices
Current Share PriceCN¥2.81
52 Week HighCN¥3.98
52 Week LowCN¥2.56
Beta0.30
1 Month Change-10.79%
3 Month Change-16.37%
1 Year Change-19.02%
3 Year Change-4.75%
5 Year Change-29.04%
Change since IPO-25.10%

Recent News & Updates

Shareholder Returns

600370CN LuxuryCN Market
7D-5.4%-2.9%-2.3%
1Y-19.0%-22.5%-19.2%

Return vs Industry: 600370 exceeded the CN Luxury industry which returned -22.5% over the past year.

Return vs Market: 600370 matched the CN Market which returned -19.2% over the past year.

Price Volatility

Is 600370's price volatile compared to industry and market?
600370 volatility
600370 Average Weekly Movement4.6%
Luxury Industry Average Movement5.3%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 600370 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600370's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20002,393n/ahttps://www.jssfx.com

Jiangsu Sanfangxiang Industry Co., Ltd. engages in the chemical fiber, textiles, printed and dyed fabrics, and chemical businesses. Its products include canvas materials, chemical fibers, plastic engineering parts, and tarpaulins and canvas products, as well as corduroy, cotton and linen blended, nylon, plain cotton, poplin, printed cotton, ramie, rayon, satin/satinette, stretch, twill, and woven fabrics; and industrial used plastics/polymers/resins. Jiangsu Sanfangxiang Industry Co., Ltd.

Jiangsu Sanfame Polyester MaterialLtd Fundamentals Summary

How do Jiangsu Sanfame Polyester MaterialLtd's earnings and revenue compare to its market cap?
600370 fundamental statistics
Market CapCN¥10.95b
Earnings (TTM)CN¥884.47m
Revenue (TTM)CN¥20.76b

12.4x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600370 income statement (TTM)
RevenueCN¥20.76b
Cost of RevenueCN¥19.56b
Gross ProfitCN¥1.19b
Other ExpensesCN¥310.09m
EarningsCN¥884.47m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin5.76%
Net Profit Margin4.26%
Debt/Equity Ratio20.1%

How did 600370 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

66%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 600370 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 600370?

Other financial metrics that can be useful for relative valuation.

600370 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/Revenue0.6x
Enterprise Value/EBITDA7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 600370's PE Ratio compare to its peers?

600370 PE Ratio vs Peers
The above table shows the PE ratio for 600370 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37x
000158 Shijiazhuang ChangShan BeiMing TechnologyLtd
68.8xn/aCN¥8.7b
002293 Luolai Lifestyle Technology
13x14.8%CN¥8.5b
603306 HMT (Xiamen) New Technical Materials
60.8xn/aCN¥9.1b
601339 Bros Eastern.Ltd
5.3x-0.3%CN¥8.5b
600370 Jiangsu Sanfame Polyester MaterialLtd
12.4xn/aCN¥10.9b

Price-To-Earnings vs Peers: 600370 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (37x).


Price to Earnings Ratio vs Industry

How does 600370's PE Ratio compare vs other companies in the CN Luxury Industry?

Price-To-Earnings vs Industry: 600370 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the CN Luxury industry average (19.9x)


Price to Earnings Ratio vs Fair Ratio

What is 600370'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.

600370 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 600370's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 600370 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600370 (CN¥2.81) is trading above our estimate of fair value (CN¥2.55)

Significantly Below Fair Value: 600370 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 Jiangsu Sanfame Polyester MaterialLtd 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


27.0%

Forecasted Consumer Durables 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 Jiangsu Sanfame Polyester MaterialLtd 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.


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Past Performance

How has Jiangsu Sanfame Polyester MaterialLtd 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


42.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600370 has a high level of non-cash earnings.

Growing Profit Margin: 600370's current net profit margins (4.3%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: 600370's earnings have grown significantly by 42.3% per year over the past 5 years.

Accelerating Growth: 600370's earnings growth over the past year (39.4%) is below its 5-year average (42.3% per year).

Earnings vs Industry: 600370 earnings growth over the past year (39.4%) exceeded the Luxury industry -8.5%.


Return on Equity

High ROE: 600370's Return on Equity (13.7%) is considered low.


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Financial Health

How is Jiangsu Sanfame Polyester MaterialLtd's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600370's short term assets (CN¥7.3B) exceed its short term liabilities (CN¥5.3B).

Long Term Liabilities: 600370's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥800.0M).


Debt to Equity History and Analysis

Debt Level: 600370 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 600370's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 600370's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: 600370 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Jiangsu Sanfame Polyester MaterialLtd current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.34%

Current Dividend Yield

Dividend Yield vs Market

Jiangsu Sanfame Polyester MaterialLtd Dividend Yield vs Market
How does Jiangsu Sanfame Polyester MaterialLtd dividend yield compare to the market?
SegmentDividend Yield
Company (Jiangsu Sanfame Polyester MaterialLtd)5.3%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.2%
Industry Average (Luxury)4.3%
Analyst forecast in 3 Years (Jiangsu Sanfame Polyester MaterialLtd)n/a

Notable Dividend: 600370's dividend (5.34%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 600370's dividend (5.34%) is in the top 25% of dividend payers in the CN market (2.16%)


Stability and Growth of Payments

Stable Dividend: 600370's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600370's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (65.8%), 600370's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 600370 is paying a dividend but the company has no free cash flows.


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Management

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


CEO

Jiangsu Sanfame Polyester MaterialLtd has no CEO, or we have no data on them.


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 600370?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders70,0000.002%
Institutions36,220,3900.9%
General Public560,377,50514.4%
Private Companies3,299,671,78184.7%

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


Top Shareholders

Top 8 shareholders own 85.41% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
81.29%
Sanfangxiang Group Co., Ltd.
3,167,455,583CN¥8.9b0%no data
1.84%
Shanghai Youchang Enterprise Management Center (Limited Partnership)
71,498,054CN¥200.9m0%no data
0.98%
Shanghai Xiuma Enterprise Management Center (Limited Partnership)
38,132,343CN¥107.2m0%no data
0.72%
National Council for Social Security Fund
27,983,538CN¥78.6m0%0.02%
0.53%
Jiangyin Xinguolian Base Industrial Co., Ltd.
20,576,131CN¥57.8m0%no data
0.052%
Shanghai Hongye Hotel Management Co., Ltd.
2,009,670CN¥5.6m0%no data
0.0018%
Shihui He
70,000CN¥196.7k0%no data
0.00016%
Gfund Management Co., Ltd.
6,400CN¥18.0k0%no data

Company Information

Jiangsu Sanfame Polyester Material Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Jiangsu Sanfame Polyester Material Co.,Ltd.
  • Ticker: 600370
  • Exchange: SHSE
  • Founded: 2000
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: CN¥10.949b
  • Shares outstanding: 3.90b
  • Website: https://www.jssfx.com

Number of Employees


Location

  • Jiangsu Sanfame Polyester Material Co.,Ltd.
  • Zhouzhuang Town
  • Jiangyin
  • Jiangsu Province
  • 214423
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600370SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYMar 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 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.