SHSE:600176

Stock Analysis Report

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Market Cap

CN¥59.2b

Last Updated

2021/06/23 15:56 UTC

Data Sources

Company Financials +

Executive Summary

China Jushi Co., Ltd. manufactures and sells fiberglass and its fabrics. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has China Jushi's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600176 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 600176's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

600176

-0.9%

CN Basic Materials

2.5%

CN Market


1 Year Return

80.2%

600176

22.6%

CN Basic Materials

21.9%

CN Market

Return vs Industry: 600176 exceeded the CN Basic Materials industry which returned 22.5% over the past year.

Return vs Market: 600176 exceeded the CN Market which returned 21.4% over the past year.


Shareholder returns

600176IndustryMarket
7 Day-0.6%-0.9%2.5%
30 Day-1.7%-5.9%1.6%
90 Day-7.5%-0.3%8.1%
1 Year82.5%80.2%26.5%22.6%23.4%21.9%
3 Year72.0%62.5%81.5%70.3%55.5%48.1%
5 Year179.4%153.8%87.0%73.6%32.3%23.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is China Jushi undervalued compared to its fair value and its price relative to the market?

49.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600176 (CN¥14.79) is trading below our estimate of fair value (CN¥29.4)

Significantly Below Fair Value: 600176 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600176 is poor value based on its PE Ratio (18.7x) compared to the CN Basic Materials industry average (14.2x).

PE vs Market: 600176 is good value based on its PE Ratio (18.7x) compared to the CN market (32.5x).


Price to Earnings Growth Ratio

PEG Ratio: 600176 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 600176 is overvalued based on its PB Ratio (3.2x) compared to the CN Basic Materials industry average (1.8x).


Future Growth

How is China Jushi forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600176's forecast earnings growth (11.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 600176's earnings (11.7% per year) are forecast to grow slower than the CN market (21.4% per year).

High Growth Earnings: 600176's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600176's revenue (9.7% per year) is forecast to grow slower than the CN market (17.3% per year).

High Growth Revenue: 600176's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600176's Return on Equity is forecast to be high in 3 years time (20.3%)


Past Performance

How has China Jushi performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600176 has high quality earnings.

Growing Profit Margin: 600176's current net profit margins (24%) are higher than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: 600176's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: 600176's earnings growth over the past year (63.4%) exceeds its 5-year average (10.5% per year).

Earnings vs Industry: 600176 earnings growth over the past year (63.4%) exceeded the Basic Materials industry 26.3%.


Return on Equity

High ROE: 600176's Return on Equity (16.3%) is considered low.


Financial Health

How is China Jushi's financial position?


Financial Position Analysis

Short Term Liabilities: 600176's short term assets (CN¥11.7B) do not cover its short term liabilities (CN¥12.1B).

Long Term Liabilities: 600176's short term assets (CN¥11.7B) exceed its long term liabilities (CN¥6.2B).


Debt to Equity History and Analysis

Debt Level: 600176's debt to equity ratio (62.1%) is considered high.

Reducing Debt: 600176's debt to equity ratio has reduced from 104.3% to 62.1% over the past 5 years.

Debt Coverage: 600176's debt is well covered by operating cash flow (22.4%).

Interest Coverage: 600176's interest payments on its debt are well covered by EBIT (20.4x coverage).


Balance Sheet


Dividend

What is China Jushi current dividend yield, its reliability and sustainability?

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600176's dividend (1.33%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 600176's dividend (1.33%) is low compared to the top 25% of dividend payers in the CN market (1.82%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 600176 has been paying a dividend for less than 10 years.

Growing Dividend: 600176's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.7%), 600176's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600176's dividends in 3 years are forecast to be well covered by earnings (34.1% payout ratio).


Next Steps

Management

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

10.2yrs

Average board tenure


CEO

Yuqiang Zhang (65 yo)

10.17yrs

Tenure

CN¥7,232,000

Compensation

Mr. Yu Qiang Zhang has been Vice Chairman and Chief Executive Officer of China Jushi, previously known as China Fiberglass Co., Ltd. and China Chemical Building Materials Company Ltd. He serves as the Chie...


Board Members

Experienced Board: 600176's board of directors are seasoned and experienced ( 10.2 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

China Jushi Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Jushi Co., Ltd.
  • Ticker: 600176
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: CN¥59.206b
  • Shares outstanding: 4.00b
  • Website: https://www.jushi.com

Number of Employees


Location

  • China Jushi Co., Ltd.
  • No. 669, South Wenhua Road
  • Economic Development Zone
  • Tongxiang
  • Zhejiang Province
  • 314500
  • China

Listings


Biography

China Jushi Co., Ltd. manufactures and sells fiberglass and its fabrics. The company offers a range of reinforcement fiberglass products, including E-glass and C-glass rovings, chopped strands, powder and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 15:56
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
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.