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Kingfa Sci. & TechSHSE:600143 Stock Report

Last Price

CN¥12.65

Market Cap

CN¥32.6b

7D

-0.2%

1Y

-45.0%

Updated

19 Jan, 2022

Data

Company Financials +
600143 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends5/6

600143 Stock Overview

Kingfa Sci. & Tech. Co., Ltd. engages in the research, development, production, and sale of plastic products in worldwide.

Kingfa Sci. & Tech Competitors

Shanghai Pret Composites

SZSE:002324

CN¥13.9b

China XD Plastics

OTCPK:CXDC

US$2.7m

Price History & Performance

Summary of all time highs, changes and price drops for Kingfa Sci. & Tech
Historical stock prices
Current Share PriceCN¥12.65
52 Week HighCN¥32.80
52 Week LowCN¥11.38
Beta0.72
1 Month Change-0.71%
3 Month Change-7.46%
1 Year Change-45.00%
3 Year Change157.64%
5 Year Change63.44%
Change since IPO806.20%

Recent News & Updates

Shareholder Returns

600143CN ChemicalsCN Market
7D-0.2%-3.0%-1.2%
1Y-45.0%20.3%0.03%

Return vs Industry: 600143 underperformed the CN Chemicals industry which returned 22.8% over the past year.

Return vs Market: 600143 underperformed the CN Market which returned 1.1% over the past year.

Price Volatility

Is 600143's price volatile compared to industry and market?
600143 volatility
600143 Average Weekly Movement5.1%
Chemicals Industry Average Movement6.3%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.4%
10% least volatile stocks in CN Market3.5%

Stable Share Price: 600143 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600143's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199310,258Nan Jing Lihttps://www.kingfa.com.cn

Kingfa Sci. & Tech. Co., Ltd. engages in the research, development, production, and sale of plastic products in worldwide. It offers plastic compounds, special engineering plastics, fine chemical materials, biodegradable plastics, and wood-plastic materials, as well as carbon fibers and composite materials.

Kingfa Sci. & Tech Fundamentals Summary

How do Kingfa Sci. & Tech's earnings and revenue compare to its market cap?
600143 fundamental statistics
Market CapCN¥32.56b
Earnings (TTM)CN¥2.52b
Revenue (TTM)CN¥38.45b

12.9x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600143 income statement (TTM)
RevenueCN¥38.45b
Cost of RevenueCN¥31.88b
Gross ProfitCN¥6.58b
ExpensesCN¥4.06b
EarningsCN¥2.52b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.98
Gross Margin17.11%
Net Profit Margin6.56%
Debt/Equity Ratio97.1%

How did 600143 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

61%

Payout Ratio

Valuation

Is Kingfa Sci. & Tech undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600143 (CN¥12.65) is trading below our estimate of fair value (CN¥77.55)

Significantly Below Fair Value: 600143 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600143 is good value based on its PE Ratio (12.9x) compared to the CN Chemicals industry average (34.2x).

PE vs Market: 600143 is good value based on its PE Ratio (12.9x) compared to the CN market (37.6x).


Price to Earnings Growth Ratio

PEG Ratio: 600143 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 600143 is good value based on its PB Ratio (2.2x) compared to the CN Chemicals industry average (3.2x).


Future Growth

How is Kingfa Sci. & Tech forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600143's forecast earnings growth (16.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 600143's earnings (16.7% per year) are forecast to grow slower than the CN market (25.1% per year).

High Growth Earnings: 600143's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600143's revenue (11.8% per year) is forecast to grow slower than the CN market (18.6% per year).

High Growth Revenue: 600143's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600143's Return on Equity is forecast to be low in 3 years time (16.7%).


Past Performance

How has Kingfa Sci. & Tech performed over the past 5 years?

46.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600143 has a high level of non-cash earnings.

Growing Profit Margin: 600143's current net profit margins (6.6%) are lower than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: 600143's earnings have grown significantly by 46.9% per year over the past 5 years.

Accelerating Growth: 600143's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600143 had negative earnings growth (-38.3%) over the past year, making it difficult to compare to the Chemicals industry average (32.7%).


Return on Equity

High ROE: 600143's Return on Equity (14.8%) is considered low.


Financial Health

How is Kingfa Sci. & Tech's financial position?


Financial Position Analysis

Short Term Liabilities: 600143's short term assets (CN¥17.8B) exceed its short term liabilities (CN¥13.7B).

Long Term Liabilities: 600143's short term assets (CN¥17.8B) exceed its long term liabilities (CN¥13.4B).


Debt to Equity History and Analysis

Debt Level: 600143's net debt to equity ratio (67.6%) is considered high.

Reducing Debt: 600143's debt to equity ratio has increased from 45% to 97.1% over the past 5 years.

Debt Coverage: 600143's debt is not well covered by operating cash flow (10.1%).

Interest Coverage: 600143's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Dividend

What is Kingfa Sci. & Tech current dividend yield, its reliability and sustainability?

4.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600143's dividend (4.74%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 600143's dividend (4.74%) is in the top 25% of dividend payers in the CN market (1.73%)


Stability and Growth of Payments

Stable Dividend: 600143's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600143's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.2%), 600143's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600143's dividends in 3 years are forecast to be well covered by earnings (39.1% payout ratio).


Next Steps

Management

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

10.8yrs

Average management tenure


CEO

Nan Jing Li (59 yo)

23.58yrs

Tenure

CN¥1,254,100

Compensation

Nan Jing Li has been General Manager and Director of Kingfa Science & Technology Company Limited since June 1998. Mr. Li joined at Kingfa Sci. & Tech.Co., Ltd., in October 1993. Mr. Li served committee se...


Leadership Team

Experienced Management: 600143's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: 600143's board of directors are seasoned and experienced ( 17.3 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

Kingfa Sci. & Tech. Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kingfa Sci. & Tech. Co., Ltd.
  • Ticker: 600143
  • Exchange: SHSE
  • Founded: 1993
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥32.556b
  • Shares outstanding: 2.57b
  • Website: https://www.kingfa.com.cn

Number of Employees


Location

  • Kingfa Sci. & Tech. Co., Ltd.
  • Kingfa-Guangzhou No.33
  • Kefeng Road Science City
  • Guangzhou
  • Guangdong Province
  • 510663
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 15:41
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.