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3009

Huali Industrial Group SZSE:300979 Stock Report

Last Price

CN¥47.90

Market Cap

CN¥55.9b

7D

-2.4%

1Y

-45.8%

Updated

30 Sep, 2022

Data

Company Financials +
300979 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

300979 Stock Overview

Huali Industrial Group Company Limited engages in the design, development, production, and sale of sports shoes.

Huali Industrial Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Huali Industrial Group
Historical stock prices
Current Share PriceCN¥47.90
52 Week HighCN¥96.60
52 Week LowCN¥47.80
Beta0
1 Month Change-20.70%
3 Month Change-29.60%
1 Year Change-45.83%
3 Year Changen/a
5 Year Changen/a
Change since IPO-52.10%

Recent News & Updates

Shareholder Returns

300979CN LuxuryCN Market
7D-2.4%-2.9%-2.3%
1Y-45.8%-22.5%-19.2%

Return vs Industry: 300979 underperformed the CN Luxury industry which returned -21.6% over the past year.

Return vs Market: 300979 underperformed the CN Market which returned -18.4% over the past year.

Price Volatility

Is 300979's price volatile compared to industry and market?
300979 volatility
300979 Average Weekly Movement5.0%
Luxury Industry Average Movement5.3%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 300979 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 300979's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995n/aShujuan Liuhttps://www.huali-group.com

Huali Industrial Group Company Limited engages in the design, development, production, and sale of sports shoes. The company was founded in 1995 and is based in Zhongshan, China.

Huali Industrial Group Fundamentals Summary

How do Huali Industrial Group's earnings and revenue compare to its market cap?
300979 fundamental statistics
Market CapCN¥55.90b
Earnings (TTM)CN¥3.04b
Revenue (TTM)CN¥19.17b

18.4x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300979 income statement (TTM)
RevenueCN¥19.17b
Cost of RevenueCN¥14.29b
Gross ProfitCN¥4.88b
Other ExpensesCN¥1.84b
EarningsCN¥3.04b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.60
Gross Margin25.45%
Net Profit Margin15.85%
Debt/Equity Ratio20.7%

How did 300979 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 300979 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300979?

Other financial metrics that can be useful for relative valuation.

300979 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA12.3x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does 300979's PE Ratio compare to its peers?

300979 PE Ratio vs Peers
The above table shows the PE ratio for 300979 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average57.4x
603116 Zhejiang Red Dragonfly Footwear
168.7xn/aCN¥3.0b
000100 TCL Technology Group
12.5x82.3%CN¥49.6b
600916 China National Gold Group Gold JewelleryLtd
22.3x23.2%CN¥18.5b
603833 Oppein Home Group
25.9x16.3%CN¥69.2b
300979 Huali Industrial Group
18.4x21.4%CN¥55.9b

Price-To-Earnings vs Peers: 300979 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (57.4x).


Price to Earnings Ratio vs Industry

How does 300979's PE Ratio compare vs other companies in the CN Luxury Industry?

Price-To-Earnings vs Industry: 300979 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the CN Luxury industry average (20.8x)


Price to Earnings Ratio vs Fair Ratio

What is 300979's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

300979 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: 300979 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (25x).


Share Price vs Fair Value

What is the Fair Price of 300979 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300979 (CN¥47.9) is trading below our estimate of fair value (CN¥93.02)

Significantly Below Fair Value: 300979 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Huali Industrial Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300979's forecast earnings growth (21.4% per year) is above the savings rate (3.2%).

Earnings vs Market: 300979's earnings (21.4% per year) are forecast to grow slower than the CN market (25.9% per year).

High Growth Earnings: 300979's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300979's revenue (18.4% per year) is forecast to grow faster than the CN market (18.2% per year).

High Growth Revenue: 300979's revenue (18.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300979's Return on Equity is forecast to be high in 3 years time (27.4%)


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Past Performance

How has Huali Industrial Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300979 has a high level of non-cash earnings.

Growing Profit Margin: 300979's current net profit margins (15.9%) are higher than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: 300979's earnings have grown by 18.9% per year over the past 5 years.

Accelerating Growth: 300979's earnings growth over the past year (26.9%) exceeds its 5-year average (18.9% per year).

Earnings vs Industry: 300979 earnings growth over the past year (26.9%) exceeded the Luxury industry -8.5%.


Return on Equity

High ROE: 300979's Return on Equity (26.4%) is considered high.


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Financial Health

How is Huali Industrial Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 300979's short term assets (CN¥13.6B) exceed its short term liabilities (CN¥6.9B).

Long Term Liabilities: 300979's short term assets (CN¥13.6B) exceed its long term liabilities (CN¥255.1M).


Debt to Equity History and Analysis

Debt Level: 300979 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 300979's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 300979's debt is well covered by operating cash flow (117.4%).

Interest Coverage: 300979 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.23%

Forecast Dividend Yield

Dividend Yield vs Market

Huali Industrial Group Dividend Yield vs Market
How does Huali Industrial Group dividend yield compare to the market?
SegmentDividend Yield
Company (Huali Industrial Group)0%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.2%
Industry Average (Luxury)4.3%
Analyst forecast in 3 Years (Huali Industrial Group)2.2%

Notable Dividend: Unable to evaluate 300979's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 300979's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 300979's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 300979's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 300979 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 300979 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CN¥5m

CEO Compensation


CEO

Shujuan Liu (50 yo)

no data

Tenure

CN¥4,752,700

Compensation

Ms. Shujuan Liu is GM & Director of Huali Industrial Group Company Limited. She was Deputy GM & Director of Huali Industrial Group Company Limited.


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

What is the ownership structure of 300979?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme8,910,2720.8%
General Public62,236,7885.3%
Institutions74,937,9406.4%
Private Companies1,020,915,00087.5%

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


Top Shareholders

Top 25 shareholders own 94.49% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
84.85%
Charm Smart Holdings Limited
990,255,000CN¥47.4b0%no data
2.63%
Zhongshan Hongting Shoes Co., Ltd.
30,660,000CN¥1.5b0%no data
1.39%
Shenzhen Yongcheng Capital Management Co., Ltd.
16,170,000CN¥774.5m-44.4%no data
0.89%
Fullgoal Fund Management Co., Ltd.
10,414,399CN¥498.8m38.13%0.23%
0.76%
Industrial Securities Xinzhong Huali No. 1 Employees Strategic Allotment Collective Asset Trust Plan
8,910,272CN¥426.8m-20.96%no data
0.56%
GF Fund Management Co., Ltd.
6,500,000CN¥311.4m51.66%0.13%
0.42%
National Council for Social Security Fund
4,910,200CN¥235.2m0%0.05%
0.4%
ABC-CA Fund Management Co., Ltd.
4,657,233CN¥223.1m59.76%0.6%
0.34%
Aware Super Pty Ltd
4,011,429CN¥192.1m0%1.89%
0.32%
Taikang Asset Management Co., Ltd.
3,783,645CN¥181.2m100%0.37%
0.31%
Dacheng Fund Management Company Limited
3,582,899CN¥171.6m0%0.24%
0.29%
China Insurance Investment
3,342,857CN¥160.1m0%6.06%
0.26%
Caisse de dépôt et placement du Québec
3,008,571CN¥144.1m0%0.03%
0.2%
Huatai-PineBridge Fund Management Company Limited
2,376,947CN¥113.9m0%0.11%
0.12%
E Fund Management Co., Ltd.
1,358,812CN¥65.1m63.25%0.02%
0.11%
Harvest Fund Management Co., Ltd.
1,338,556CN¥64.1m0%0.03%
0.11%
J.P. Morgan Asset Management, Inc.
1,322,890CN¥63.4m0%no data
0.11%
Yinhua Fund Management Co. Ltd.
1,236,292CN¥59.2m0%0.06%
0.091%
Bosera Asset Management Co., Ltd.
1,060,304CN¥50.8m0%0.05%
0.074%
Fullgoal Asset Management (HK) Limited
861,338CN¥41.3m144.03%2.16%
0.072%
ICBC Credit Suisse Asset Management Co., Ltd.
838,824CN¥40.2m0%0.03%
0.066%
China Southern Asset Management Co., Ltd.
767,716CN¥36.8m0%0.02%
0.055%
The Vanguard Group, Inc.
644,762CN¥30.9m0%no data
0.033%
Hua An Fund Management Co., Ltd.
389,862CN¥18.7m0%0.01%
0.025%
Rongtong Fund Management Co., Ltd.
290,869CN¥13.9m0%0.05%

Company Information

Huali Industrial Group Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Huali Industrial Group Company Limited
  • Ticker: 300979
  • Exchange: SZSE
  • Founded: 1995
  • Industry: Footwear
  • Sector: Consumer Durables
  • Implied Market Cap: CN¥55.899b
  • Shares outstanding: 1.17b
  • Website: https://www.huali-group.com

Location

  • Huali Industrial Group Company Limited
  • No. 2, Century 1st Road
  • Torch Development Zone
  • Zhongshan
  • Guangdong Province
  • 528437
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
300979SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYApr 2021
300979XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYApr 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.