Market Cap
CN¥6.9b
Last Updated
2021/01/16 09:37 UTC
Data Sources
Company Financials +
Executive Summary
Vatti Corporation Limited produces and sells household appliances in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and good value.
Share Price & News
How has Vatti's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002035 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 002035's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-4.8%
2035
1.4%
CN Consumer Durables
-1.3%
CN Market
1 Year Return
-37.1%
2035
36.0%
CN Consumer Durables
25.5%
CN Market
Return vs Industry: 002035 underperformed the CN Consumer Durables industry which returned 36% over the past year.
Return vs Market: 002035 underperformed the CN Market which returned 25.5% over the past year.
Shareholder returns
| 2035 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.8% | 1.4% | -1.3% |
| 30 Day | -15.3% | 10.7% | 5.4% |
| 90 Day | -17.6% | 20.1% | 5.8% |
| 1 Year | -35.3%-37.1% | 39.1%36.0% | 27.6%25.5% |
| 3 Year | -58.7%-61.4% | 44.5%36.1% | 23.6%17.5% |
| 5 Year | 50.5%36.9% | 143.5%122.3% | 39.6%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is Vatti's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Vatti undervalued compared to its fair value and its price relative to the market?
14.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 002035 (CN¥8.16) is trading above our estimate of fair value (CN¥3.28)
Significantly Below Fair Value: 002035 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 002035 is good value based on its PE Ratio (14.2x) compared to the CN Consumer Durables industry average (30.6x).
PE vs Market: 002035 is good value based on its PE Ratio (14.2x) compared to the CN market (35x).
Price to Earnings Growth Ratio
PEG Ratio: 002035 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 002035 is good value based on its PB Ratio (2.3x) compared to the CN Consumer Durables industry average (3x).
Next Steps
Future Growth
How is Vatti forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
19.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002035's forecast earnings growth (19% per year) is above the savings rate (3.3%).
Earnings vs Market: 002035's earnings (19% per year) are forecast to grow slower than the CN market (24.2% per year).
High Growth Earnings: 002035's earnings are forecast to grow, but not significantly.
Revenue vs Market: 002035's revenue (16.2% per year) is forecast to grow slower than the CN market (18.1% per year).
High Growth Revenue: 002035's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002035's Return on Equity is forecast to be low in 3 years time (18.6%).
Next Steps
Past Performance
How has Vatti performed over the past 5 years?
21.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002035 has a high level of non-cash earnings.
Growing Profit Margin: 002035's current net profit margins (11.3%) are lower than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: 002035's earnings have grown significantly by 21.5% per year over the past 5 years.
Accelerating Growth: 002035's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002035 had negative earnings growth (-33%) over the past year, making it difficult to compare to the Consumer Durables industry average (6.7%).
Return on Equity
High ROE: 002035's Return on Equity (16.5%) is considered low.
Next Steps
Financial Health
How is Vatti's financial position?
Financial Position Analysis
Short Term Liabilities: 002035's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002035's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥61.4M).
Debt to Equity History and Analysis
Debt Level: 002035's debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: 002035's debt to equity ratio has increased from 2% to 4.8% over the past 5 years.
Debt Coverage: 002035's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002035 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Vatti current dividend yield, its reliability and sustainability?
3.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002035's dividend (3.68%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 002035's dividend (3.68%) is in the top 25% of dividend payers in the CN market (1.81%)
Stability and Growth of Payments
Stable Dividend: 002035's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002035's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.3%), 002035's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 002035's dividends in 3 years are forecast to be well covered by earnings (38.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Yuanzhi Pan (58 yo)
no data
Tenure
CN¥700,000
Compensation
Mr. Yuanzhi Pan has been Non Independent Director since May 07, 2013 and President of Vatti Corporation Limited. Mr. Pan serves as Chairman of the board of directors and General Manager of Zhongshan Baide ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Non Independent Director | no data | CN¥700.00k | 0.24% CN¥ 16.5m | |
| Executive VP & Secretary of the Board | 16.17yrs | CN¥560.00k | 0.29% CN¥ 20.3m | |
| Chief Financial Officer | 2.58yrs | no data | 0.030% CN¥ 2.1m | |
| Senior Vice President | 3.83yrs | no data | 0.065% CN¥ 4.5m | |
| Vice President | no data | CN¥280.00k | no data |
3.8yrs
Average Tenure
48yo
Average Age
Experienced Management: 002035's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Non Independent Director | no data | CN¥700.00k | 0.24% CN¥ 16.5m | |
| Non Independent Director | 4.75yrs | no data | 2.66% CN¥ 184.2m | |
| Chairman of the Board | no data | CN¥467.00k | 10.25% CN¥ 709.3m | |
| Non Independent Director | 7.67yrs | CN¥80.00k | no data | |
| Shareholder Representative Supervisor | no data | no data | no data | |
| Chairman of Supervisory Board | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | 0.000020% CN¥ 1.4k | |
| Shareholder Representative Supervisor | no data | no data | no data | |
| Supervisor | 4.75yrs | no data | no data |
6.2yrs
Average Tenure
52yo
Average Age
Experienced Board: 002035's board of directors are considered experienced (6.2 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Vatti Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vatti Corporation Limited
- Ticker: 2035
- Exchange: SZSE
- Founded: 1992
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: CN¥6.917b
- Shares outstanding: 847.65m
- Website: https://www.vatti.com.cn/
Number of Employees
Location
- Vatti Corporation Limited
- Industry Avenue
- No.1, Nanhuayuan Road
- Zhongshan
- Guangdong Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2035 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Jan 2005 |
| 2035 | XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Jan 2005 |
Biography
Vatti Corporation Limited produces and sells household appliances in the People’s Republic of China. The company offers fitted kitchens, gas appliances, kitchen appliances, sanitary products, household ele...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 09:37 |
| 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.