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2254

Yantai Tayho Advanced Materials XSEC:002254 Stock Report

Last Price

CN¥15.81

Market Cap

CN¥10.8b

7D

-1.4%

1Y

-22.7%

Updated

30 Jul, 2022

Data

Company Financials +
2254 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends4/6

2254 Stock Overview

Yantai Tayho Advanced Materials Co., Ltd.

Yantai Tayho Advanced Materials Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Yantai Tayho Advanced Materials
Historical stock prices
Current Share PriceCN¥15.81
52 Week HighCN¥24.54
52 Week LowCN¥11.79
Beta0.36
1 Month Change-5.61%
3 Month Change20.41%
1 Year Change-22.73%
3 Year Change52.46%
5 Year Change14.57%
Change since IPO19.68%

Recent News & Updates

Shareholder Returns

2254CN LuxuryCN Market
7D-1.4%-1.0%-0.2%
1Y-22.7%-14.9%-8.0%

Return vs Industry: 002254 underperformed the CN Luxury industry which returned -14.9% over the past year.

Return vs Market: 002254 underperformed the CN Market which returned -8% over the past year.

Price Volatility

Is 2254's price volatile compared to industry and market?
2254 volatility
2254 Average Weekly Movement4.1%
Luxury Industry Average Movement4.9%
Market Average Movement5.9%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 002254 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 002254's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19862,138Haiping Chihttps://www.tayho.com.cn

Yantai Tayho Advanced Materials Co., Ltd. engages in the research and development, production, and sale of high-tech fibers in China. The company offers Newstar Spandex, a polyurethane elastic fiber that is used in underwear, socks, tights, sportswear, swimwear, laces, and suits, as well as in medical and hygiene textiles, and automotive interiors.

Yantai Tayho Advanced Materials Fundamentals Summary

How do Yantai Tayho Advanced Materials's earnings and revenue compare to its market cap?
2254 fundamental statistics
Market CapCN¥10.82b
Earnings (TTM)CN¥934.52m
Revenue (TTM)CN¥4.50b

11.6x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2254 income statement (TTM)
RevenueCN¥4.50b
Cost of RevenueCN¥2.96b
Gross ProfitCN¥1.55b
Other ExpensesCN¥614.63m
EarningsCN¥934.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.37
Gross Margin34.39%
Net Profit Margin20.74%
Debt/Equity Ratio46.1%

How did 2254 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2254 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 2254?

Other financial metrics that can be useful for relative valuation.

2254 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/Revenue2.4x
Enterprise Value/EBITDA7.9x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does 2254's PE Ratio compare to its peers?

2254 PE Ratio vs Peers
The above table shows the PE ratio for 2254 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.8x
603055 Zhe Jiang Taihua New Material
25.5x36.1%CN¥12.3b
600370 Jiangsu Sanfame Polyester MaterialLtd
14.1xn/aCN¥12.1b
603306 HMT (Xiamen) New Technical Materials
54.6xn/aCN¥9.8b
000158 Shijiazhuang ChangShan BeiMing TechnologyLtd
77xn/aCN¥10.3b
002254 Yantai Tayho Advanced Materials
11.6x19.9%CN¥10.8b

Price-To-Earnings vs Peers: 002254 is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (42.8x).


Price to Earnings Ratio vs Industry

How does 2254's PE Ratio compare vs other companies in the CN Luxury Industry?

Price-To-Earnings vs Industry: 002254 is good value based on its Price-To-Earnings Ratio (11.6x) compared to the CN Luxury industry average (21.8x)


Price to Earnings Ratio vs Fair Ratio

What is 2254'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.

2254 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: 002254 is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).


Share Price vs Fair Value

What is the Fair Price of 2254 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002254 (CN¥15.81) is trading below our estimate of fair value (CN¥56.45)

Significantly Below Fair Value: 002254 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 less than 20% higher than the current share price.


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Future Growth

How is Yantai Tayho Advanced Materials forecast to perform in the next 1 to 3 years based on estimates from 4 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


19.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002254's forecast earnings growth (19.9% per year) is above the savings rate (3.2%).

Earnings vs Market: 002254's earnings (19.9% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 002254's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002254's revenue (21.9% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 002254's revenue (21.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002254's Return on Equity is forecast to be high in 3 years time (22.1%)


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Past Performance

How has Yantai Tayho Advanced Materials 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


49.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002254 has a high level of non-cash earnings.

Growing Profit Margin: 002254's current net profit margins (20.7%) are higher than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: 002254's earnings have grown significantly by 49.8% per year over the past 5 years.

Accelerating Growth: 002254's earnings growth over the past year (142.5%) exceeds its 5-year average (49.8% per year).

Earnings vs Industry: 002254 earnings growth over the past year (142.5%) exceeded the Luxury industry 5.1%.


Return on Equity

High ROE: 002254's Return on Equity (22.8%) is considered high.


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Financial Health

How is Yantai Tayho Advanced Materials'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: 002254's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥1.9B).

Long Term Liabilities: 002254's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥1.7B).


Debt to Equity History and Analysis

Debt Level: 002254 has more cash than its total debt.

Reducing Debt: 002254's debt to equity ratio has increased from 0.2% to 46.1% over the past 5 years.

Debt Coverage: 002254's debt is well covered by operating cash flow (26.5%).

Interest Coverage: 002254's interest payments on its debt are well covered by EBIT (57.5x coverage).


Balance Sheet


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Dividend

What is Yantai Tayho Advanced Materials's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.16%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002254's dividend (3.16%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 002254's dividend (3.16%) is in the top 25% of dividend payers in the CN market (1.9%)


Stability and Growth of Payments

Stable Dividend: 002254's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002254's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.8%), 002254's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 002254 is paying a dividend but the company has no free cash flows.


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Management

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

4.0yrs

Average management tenure


CEO

Haiping Chi (51 yo)

2.92yrs

Tenure

CN¥420,000

Compensation

Mr. Haiping Chi has been General manager of Yantai Tayho Advanced Materials Co., Ltd. since August 2019 and serves as its Managing Director. He has been a Director of Yantai Tayho Advanced Materials Co., L...


Leadership Team

Experienced Management: 002254's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: 002254's board of directors are considered experienced (3.3 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

Yantai Tayho Advanced Materials Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Yantai Tayho Advanced Materials Co., Ltd.
  • Ticker: 2254
  • Exchange: XSEC
  • Founded: 1986
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: CN¥10.820b
  • Shares outstanding: 684.39m
  • Website: https://www.tayho.com.cn

Number of Employees


Location

  • Yantai Tayho Advanced Materials Co., Ltd.
  • No. 10 Heilongjiang Road
  • Economic and Technical Development Area
  • Yantai
  • Shandong Province
  • 264006
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/30 00:00
End of Day Share Price2022/07/29 00:00
Earnings2022/03/31
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.