Zhejiang Jiaxin Silk
Market Cap
CN¥3.6b
Last Updated
2021/01/16 09:25 UTC
Data Sources
Company Financials
Executive Summary
Zhejiang Jiaxin Silk Corp., Ltd. manufactures and sells silk fabrics and garments, and other silk-related products. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Share Price & News
How has Zhejiang Jiaxin Silk's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002404 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 002404's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.
Market Performance
7 Day Return
-4.7%
2404
-1.1%
CN Luxury
-1.3%
CN Market
1 Year Return
-3.4%
2404
-10.6%
CN Luxury
25.5%
CN Market
Return vs Industry: 002404 exceeded the CN Luxury industry which returned -10.6% over the past year.
Return vs Market: 002404 underperformed the CN Market which returned 25.5% over the past year.
Shareholder returns
| 2404 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | -1.1% | -1.3% |
| 30 Day | -21.3% | -7.5% | 5.4% |
| 90 Day | -3.4% | -14.8% | 5.8% |
| 1 Year | -0.01%-3.4% | -8.6%-10.6% | 27.6%25.5% |
| 3 Year | 4.5%-4.5% | -25.9%-29.9% | 23.6%17.5% |
| 5 Year | -4.0%-15.0% | -36.5%-41.2% | 39.6%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is Zhejiang Jiaxin Silk's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Zhejiang Jiaxin Silk undervalued compared to its fair value and its price relative to the market?
19.77x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 002404 (CN¥6.3) is trading above our estimate of fair value (CN¥2.1)
Significantly Below Fair Value: 002404 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 002404 is good value based on its PE Ratio (19.8x) compared to the CN Luxury industry average (25.3x).
PE vs Market: 002404 is good value based on its PE Ratio (19.8x) compared to the CN market (35x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 002404's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 002404 is overvalued based on its PB Ratio (2x) compared to the CN Luxury industry average (1.8x).
Next Steps
Future Growth
How is Zhejiang Jiaxin Silk forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
31.6%
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 Zhejiang Jiaxin Silk 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.
Next Steps
- Examine Zhejiang Jiaxin Silk's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Zhejiang Jiaxin Silk performed over the past 5 years?
19.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002404 has a high level of non-cash earnings.
Growing Profit Margin: 002404's current net profit margins (6.9%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: 002404's earnings have grown by 19.4% per year over the past 5 years.
Accelerating Growth: 002404's earnings growth over the past year (18.6%) is below its 5-year average (19.4% per year).
Earnings vs Industry: 002404 earnings growth over the past year (18.6%) exceeded the Luxury industry -10.3%.
Return on Equity
High ROE: 002404's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is Zhejiang Jiaxin Silk's financial position?
Financial Position Analysis
Short Term Liabilities: 002404's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002404's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥79.6M).
Debt to Equity History and Analysis
Debt Level: 002404's debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: 002404's debt to equity ratio has increased from 32.7% to 38% over the past 5 years.
Debt Coverage: 002404's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002404 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Zhejiang Jiaxin Silk current dividend yield, its reliability and sustainability?
3.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002404's dividend (3.17%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 002404's dividend (3.17%) is in the top 25% of dividend payers in the CN market (1.81%)
Stability and Growth of Payments
Stable Dividend: 002404's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002404's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.8%), 002404's dividend 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?
3.4yrs
Average board tenure
CEO
Hong Xu
no data
Tenure
CN¥1,104,900
Compensation
Mr. Hong Xu serves as the President and Vice Chairman of Zhejiang Jiaxin Silk Corp., Ltd.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & President | no data | CN¥1.10m | 4.11% CN¥ 147.4m | |
| Secretary of the Board & Non-Independent Director | 3.42yrs | CN¥864.70k | no data | |
| Chairman | no data | CN¥868.30k | 19.98% CN¥ 716.0m | |
| Non-Employee Supervisor | 3.42yrs | CN¥81.05k | no data | |
| Non-Independent Director | 3.42yrs | CN¥666.20k | no data | |
| Supervisor | no data | no data | no data | |
| Supervisor | no data | no data | no data | |
| Non-Independent Director | 3.42yrs | no data | no data | |
| Non-Independent Director | 3.42yrs | CN¥865.00k | no data | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 0.50yr | no data | no data |
3.4yrs
Average Tenure
Experienced Board: 002404's board of directors are considered experienced (3.4 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
Zhejiang Jiaxin Silk Corp., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Zhejiang Jiaxin Silk Corp., Ltd.
- Ticker: 2404
- Exchange: SZSE
- Founded:
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: CN¥3.583b
- Shares outstanding: 568.72m
- Website: https://www.jxsilk.com
Number of Employees
Location
- Zhejiang Jiaxin Silk Corp., Ltd.
- The Silk Building
- No. 88, Zhongshan Road
- Jiaxing
- Zhejiang Province
- 314000
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2404 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | May 2010 |
Biography
Zhejiang Jiaxin Silk Corp., Ltd. manufactures and sells silk fabrics and garments, and other silk-related products. It is involved in cocoon purchasing and drying, throwing, fabric manufacturing, and print...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 09:25 |
| 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.