SZSE:002489

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Yotrio Group Co., Ltd. researches, develops, manufactures, and sells outdoor furniture products in China and internationally. More Details


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

How has Yotrio Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002489 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 002489's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

2489

3.7%

CN Leisure

-1.3%

CN Market


1 Year Return

-23.9%

2489

13.0%

CN Leisure

25.5%

CN Market

Return vs Industry: 002489 underperformed the CN Leisure industry which returned 13% over the past year.

Return vs Market: 002489 underperformed the CN Market which returned 25.5% over the past year.


Shareholder returns

2489IndustryMarket
7 Day-2.1%3.7%-1.3%
30 Day-9.3%0.3%5.4%
90 Day-15.9%-6.3%5.8%
1 Year-21.5%-23.9%14.1%13.0%27.6%25.5%
3 Year-28.5%-32.0%1.2%-1.2%23.6%17.5%
5 Year-51.3%-54.3%-58.6%-59.5%39.6%30.2%

Long-Term Price Volatility Vs. Market

How volatile is Yotrio Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Yotrio Group undervalued compared to its fair value and its price relative to the market?

39.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 002489 (CN¥3.69) is trading below our estimate of fair value (CN¥6.07)

Significantly Below Fair Value: 002489 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 002489 is good value based on its PE Ratio (12.7x) compared to the CN Leisure industry average (28.4x).

PE vs Market: 002489 is good value based on its PE Ratio (12.7x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 002489's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 002489 is good value based on its PB Ratio (2.1x) compared to the CN Leisure industry average (2.7x).


Next Steps

Future Growth

How is Yotrio Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.6%

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 Yotrio Group 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

Past Performance

How has Yotrio Group performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002489 has high quality earnings.

Growing Profit Margin: 002489's current net profit margins (12.7%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: 002489's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: 002489's earnings growth over the past year (72.7%) exceeds its 5-year average (8.8% per year).

Earnings vs Industry: 002489 earnings growth over the past year (72.7%) exceeded the Leisure industry 23.8%.


Return on Equity

High ROE: 002489's Return on Equity (15.9%) is considered low.


Next Steps

Financial Health

How is Yotrio Group's financial position?


Financial Position Analysis

Short Term Liabilities: 002489's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.0B).

Long Term Liabilities: 002489's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥26.6M).


Debt to Equity History and Analysis

Debt Level: 002489's debt to equity ratio (11%) is considered satisfactory.

Reducing Debt: 002489's debt to equity ratio has reduced from 26.7% to 11% over the past 5 years.

Debt Coverage: 002489's debt is well covered by operating cash flow (192.7%).

Interest Coverage: 002489 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Yotrio Group current dividend yield, its reliability and sustainability?

3.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002489's dividend (3.25%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 002489's dividend (3.25%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 002489's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002489's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.2%), 002489'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?

1.5yrs

Average board tenure


CEO

Jimmy Xie (48 yo)

no data

Tenure

CN¥728,300

Compensation

Mr. Jian Ping Xie, also known as Jimmy, serves as Chief Executive Officer at Yotrio Group Co., Ltd. Mr. Xie served as Deputy General Manager of Taizhou Yong Qiang Crafts Company Limited and Zhejiang Yong Q...


Board Members

NamePositionTenureCompensationOwnership
Jian Xie
Chief Executive Officer & Directorno dataCN¥728.30k5.9%
CN¥ 473.7m
Fu Bin Shi
Chief Financial Officerno dataCN¥686.00kno data
Jian Xie
Executive VP & Directorno dataCN¥671.50k5.94%
CN¥ 477.2m
Lin-Lin Zhou
Directorno datano datano data
Jian Xie
Chairmanno datano data6.19%
CN¥ 496.7m
Ju Fen Wang
Member of Supervisory Boardno datano datano data
Si Jia Chenyang
Member of Supervisory Boardno datano datano data
Yun Fei Jia
Member of Supervisory Boardno datano datano data
Fei fei Cai
Non-Independent Director1.5yrsno datano data
Mei Mao
Independent Director1.5yrsno datano data
Yue jiang Zhou
Independent Director1.5yrsno datano data
Ling Hu
Independent Director1.5yrsno datano data

1.5yrs

Average Tenure

48yo

Average Age

Experienced Board: 002489's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

Yotrio Group Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yotrio Group Co., Ltd.
  • Ticker: 2489
  • Exchange: SZSE
  • Founded: 1992
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: CN¥8.028b
  • Shares outstanding: 2.18b
  • Website: https://www.yotrio.com

Number of Employees


Location

  • Yotrio Group Co., Ltd.
  • No. 1 Qianjiang South Road
  • Linhai
  • Zhejiang Province
  • 317004
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2489SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYOct 2010
2489XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYOct 2010

Biography

Yotrio Group Co., Ltd. researches, develops, manufactures, and sells outdoor furniture products in China and internationally. Its product portfolio includes aluminum and steel products, meshes, wickers, re...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 09:27
End of Day Share Price2021/01/15 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.