Zhejiang HangminLtd
Market Cap
CN¥6.0b
Last Updated
2021/01/16 09:22 UTC
Data Sources
Company Financials +
Executive Summary
Zhejiang Hangmin Co., Ltd, together with its subsidiaries, produces and sells textiles in China. More Details
Rewards
Risk Analysis
No risks detected for 600987 from our risk checks.
Snowflake Analysis
Very undervalued with flawless balance sheet and pays a dividend.
Share Price & News
How has Zhejiang HangminLtd's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600987 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 600987's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-4.0%
600987
-1.1%
CN Luxury
-1.3%
CN Market
1 Year Return
-18.1%
600987
-10.6%
CN Luxury
25.5%
CN Market
Return vs Industry: 600987 underperformed the CN Luxury industry which returned -10.6% over the past year.
Return vs Market: 600987 underperformed the CN Market which returned 25.5% over the past year.
Shareholder returns
| 600987 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.0% | -1.1% | -1.3% |
| 30 Day | -0.5% | -7.5% | 5.4% |
| 90 Day | -2.3% | -14.8% | 5.8% |
| 1 Year | -14.9%-18.1% | -8.6%-10.6% | 27.6%25.5% |
| 3 Year | -21.4%-28.1% | -25.9%-29.9% | 23.6%17.5% |
| 5 Year | -7.9%-19.2% | -36.5%-41.2% | 39.6%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is Zhejiang HangminLtd's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Zhejiang HangminLtd undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600987 (CN¥5.58) is trading below our estimate of fair value (CN¥34.04)
Significantly Below Fair Value: 600987 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600987 is good value based on its PE Ratio (9.4x) compared to the CN Luxury industry average (25.3x).
PE vs Market: 600987 is good value based on its PE Ratio (9.4x) compared to the CN market (35x).
Price to Earnings Growth Ratio
PEG Ratio: 600987 is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 600987 is good value based on its PB Ratio (1.2x) compared to the CN Luxury industry average (1.8x).
Next Steps
Future Growth
How is Zhejiang HangminLtd forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
12.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600987's forecast earnings growth (12.5% per year) is above the savings rate (3.3%).
Earnings vs Market: 600987's earnings (12.5% per year) are forecast to grow slower than the CN market (24.2% per year).
High Growth Earnings: 600987's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600987's revenue (12.6% per year) is forecast to grow slower than the CN market (18.1% per year).
High Growth Revenue: 600987's revenue (12.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600987's Return on Equity is forecast to be low in 3 years time (12.5%).
Next Steps
Past Performance
How has Zhejiang HangminLtd performed over the past 5 years?
7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600987 has high quality earnings.
Growing Profit Margin: 600987's current net profit margins (12%) are higher than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: 600987's earnings have grown by 7.8% per year over the past 5 years.
Accelerating Growth: 600987's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600987 had negative earnings growth (-9.9%) over the past year, making it difficult to compare to the Luxury industry average (-10.3%).
Return on Equity
High ROE: 600987's Return on Equity (12.9%) is considered low.
Next Steps
Financial Health
How is Zhejiang HangminLtd's financial position?
Financial Position Analysis
Short Term Liabilities: 600987's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 600987's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥166.0M).
Debt to Equity History and Analysis
Debt Level: 600987's debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: 600987's debt to equity ratio has reduced from 10.9% to 1% over the past 5 years.
Debt Coverage: 600987's debt is well covered by operating cash flow (2288.1%).
Interest Coverage: 600987 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Zhejiang HangminLtd current dividend yield, its reliability and sustainability?
3.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600987's dividend (3.94%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 600987's dividend (3.94%) is in the top 25% of dividend payers in the CN market (1.81%)
Stability and Growth of Payments
Stable Dividend: 600987's dividends per share have been stable in the past 10 years.
Growing Dividend: 600987's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.2%), 600987's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CN¥557k
CEO Compensation
CEO
Jian Zhu (63 yo)
no data
Tenure
CN¥556,700
Compensation
Mr. Zhu Jian Qing serves as General Manager and Director at Zhejiang Hangmin Co Ltd. Mr. Zhu served as General Manager of Zhejiang Hangmin Co Ltd. since May 2010.
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
Zhejiang Hangmin Co.,Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Zhejiang Hangmin Co.,Ltd
- Ticker: 600987
- Exchange: SHSE
- Founded: 1998
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: CN¥6.031b
- Shares outstanding: 1.08b
- Website: https://www.hmgf.com
Number of Employees
Location
- Zhejiang Hangmin Co.,Ltd
- Hangmin Village
- Guali Town
- Hangzhou
- Zhejiang Province
- 311241
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 600987 | SHSE (Shanghai Stock Exchange) | Yes | Domestic Shares | CN | CNY | Jan 2005 |
| 600987 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Jan 2005 |
Biography
Zhejiang Hangmin Co., Ltd, together with its subsidiaries, produces and sells textiles in China. The company also engages in the printing and dyeing of related raw materials; thermoelectric production; shi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 09:22 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.