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Shanghai Shuixing Home Textile

Market Cap

CN¥4.1b

Last Updated

2021/04/11 09:06 UTC

Data Sources

Company Financials +

Executive Summary

Shanghai Shuixing Home Textile Co., Ltd. engages in the research and development, design, production, and sale of home textiles in China and internationally. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

How has Shanghai Shuixing Home Textile's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 603365 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 603365's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

8.6%

603365

1.1%

CN Luxury

-1.1%

CN Market


1 Year Return

12.3%

603365

12.3%

CN Luxury

28.4%

CN Market

Return vs Industry: 603365 exceeded the CN Luxury industry which returned 9.8% over the past year.

Return vs Market: 603365 underperformed the CN Market which returned 27.4% over the past year.


Shareholder returns

603365IndustryMarket
7 Day8.6%1.1%-1.1%
30 Day10.8%9.3%1.0%
90 Day23.3%12.4%-5.8%
1 Year18.4%12.3%14.6%12.3%30.4%28.4%
3 Year-32.3%-39.3%-9.7%-14.9%25.9%19.9%
5 Yearn/a-42.9%-44.9%23.6%15.5%

Long-Term Price Volatility Vs. Market

How volatile is Shanghai Shuixing Home Textile's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shanghai Shuixing Home Textile undervalued compared to its fair value and its price relative to the market?

25.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 603365 (CN¥15.61) is trading below our estimate of fair value (CN¥20.97)

Significantly Below Fair Value: 603365 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 603365 is good value based on its PE Ratio (14.8x) compared to the CN Luxury industry average (33.3x).

PE vs Market: 603365 is good value based on its PE Ratio (14.8x) compared to the CN market (34.5x).


Price to Earnings Growth Ratio

PEG Ratio: 603365 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 603365 is good value based on its PB Ratio (1.8x) compared to the CN Luxury industry average (2.1x).


Future Growth

How is Shanghai Shuixing Home Textile forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603365's forecast earnings growth (16.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 603365's earnings (16.7% per year) are forecast to grow slower than the CN market (23.5% per year).

High Growth Earnings: 603365's earnings are forecast to grow, but not significantly.

Revenue vs Market: 603365's revenue (12.6% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 603365'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: 603365's Return on Equity is forecast to be low in 3 years time (14.4%).


Past Performance

How has Shanghai Shuixing Home Textile performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603365 has a large one-off gain of CN¥74.8M impacting its September 30 2020 financial results.

Growing Profit Margin: 603365's current net profit margins (9.5%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: 603365's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: 603365's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603365 had negative earnings growth (-14.1%) over the past year, making it difficult to compare to the Luxury industry average (2.3%).


Return on Equity

High ROE: 603365's Return on Equity (12.2%) is considered low.


Financial Health

How is Shanghai Shuixing Home Textile's financial position?


Financial Position Analysis

Short Term Liabilities: 603365's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥460.9M).

Long Term Liabilities: 603365's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥25.1M).


Debt to Equity History and Analysis

Debt Level: 603365 is debt free.

Reducing Debt: 603365 has no debt compared to 5 years ago when its debt to equity ratio was 38.6%.

Debt Coverage: 603365 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 603365 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Shanghai Shuixing Home Textile current dividend yield, its reliability and sustainability?

6.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 603365's dividend (6.41%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).

High Dividend: 603365's dividend (6.41%) is in the top 25% of dividend payers in the CN market (1.79%)


Stability and Growth of Payments

Stable Dividend: 603365 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603365's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.1%), 603365's payments are 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?


CEO

Shanghai Shuixing Home Textile 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

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


Top Shareholders

Company Information

Shanghai Shuixing Home Textile Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Shuixing Home Textile Co., Ltd.
  • Ticker: 603365
  • Exchange: SHSE
  • Founded: 2009
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: CN¥4.140b
  • Shares outstanding: 265.20m
  • Website: https://www.shuixing.com

Number of Employees


Location

  • Shanghai Shuixing Home Textile Co., Ltd.
  • No. 1487, Huhang Road
  • Fengxian District
  • Shanghai
  • 201401
  • China

Listings


Biography

Shanghai Shuixing Home Textile Co., Ltd. engages in the research and development, design, production, and sale of home textiles in China and internationally. It offers bedspreads, quilts, pillows, single-p...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 09:06
End of Day Share Price2021/04/09 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.