Wanhua Chemical Group Co., Ltd. engages in the research and development, production, and sale of polyurethane series products, petrochemical products, and fine chemicals and new materials worldwide. More Details
Good value with proven track record and pays a dividend.
Share Price & News
How has Wanhua Chemical Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600309 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 600309's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 600309 exceeded the CN Chemicals industry which returned 52.3% over the past year.
Return vs Market: 600309 exceeded the CN Market which returned 21.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Wanhua Chemical Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Wanhua Chemical Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600309 (CN¥105) is trading below our estimate of fair value (CN¥269.27)
Significantly Below Fair Value: 600309 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600309 is good value based on its PE Ratio (21.6x) compared to the CN Chemicals industry average (28.5x).
PE vs Market: 600309 is good value based on its PE Ratio (21.6x) compared to the CN market (31.8x).
Price to Earnings Growth Ratio
PEG Ratio: 600309 is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: 600309 is overvalued based on its PB Ratio (6x) compared to the CN Chemicals industry average (2.7x).
How is Wanhua Chemical Group forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600309's forecast earnings growth (8.8% per year) is above the savings rate (3.3%).
Earnings vs Market: 600309's earnings (8.8% per year) are forecast to grow slower than the CN market (21.4% per year).
High Growth Earnings: 600309's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600309's revenue (9.9% per year) is forecast to grow slower than the CN market (17.3% per year).
High Growth Revenue: 600309's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600309's Return on Equity is forecast to be high in 3 years time (27.1%)
How has Wanhua Chemical Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600309 has a high level of non-cash earnings.
Growing Profit Margin: 600309's current net profit margins (17.1%) are higher than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: 600309's earnings have grown by 16.9% per year over the past 5 years.
Accelerating Growth: 600309's earnings growth over the past year (75.5%) exceeds its 5-year average (16.9% per year).
Earnings vs Industry: 600309 earnings growth over the past year (75.5%) exceeded the Chemicals industry 41.4%.
Return on Equity
High ROE: Whilst 600309's Return on Equity (27.06%) is high, this metric is skewed due to their high level of debt.
How is Wanhua Chemical Group's financial position?
Financial Position Analysis
Short Term Liabilities: 600309's short term assets (CN¥53.5B) do not cover its short term liabilities (CN¥76.6B).
Long Term Liabilities: 600309's short term assets (CN¥53.5B) exceed its long term liabilities (CN¥16.4B).
Debt to Equity History and Analysis
Debt Level: 600309's debt to equity ratio (106.7%) is considered high.
Reducing Debt: 600309's debt to equity ratio has reduced from 169.1% to 106.7% over the past 5 years.
Debt Coverage: 600309's debt is well covered by operating cash flow (27.5%).
Interest Coverage: 600309's interest payments on its debt are well covered by EBIT (45.5x coverage).
What is Wanhua Chemical Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600309's dividend (1.24%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).
High Dividend: 600309's dividend (1.24%) is low compared to the top 25% of dividend payers in the CN market (1.85%).
Stability and Growth of Payments
Stable Dividend: 600309's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600309's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.7%), 600309's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600309's dividends in 3 years are forecast to be well covered by earnings (40.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Guangwu Kou (54 yo)
Mr. GuangWu Kou ha been President of Wanhua Chemical Group Co., Ltd. since April 20, 2019. Mr. Kou served as the Chief Financial officer and Chief Accountant of Wanhua Chemical Group Co., Ltd. until April ...
Experienced Management: 600309's management team is considered experienced (2.2 years average tenure).
Experienced Board: 600309's board of directors are considered experienced (4.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wanhua Chemical Group Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Wanhua Chemical Group Co., Ltd.
- Ticker: 600309
- Exchange: SHSE
- Founded: 1998
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: CN¥335.105b
- Shares outstanding: 3.14b
- Website: https://www.whchem.com
Number of Employees
- Wanhua Chemical Group Co., Ltd.
- No.17, Tianshan Road
- Shandong Province
Wanhua Chemical Group Co., Ltd. engages in the research and development, production, and sale of polyurethane series products, petrochemical products, and fine chemicals and new materials worldwide. The co...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/22 15:24|
|End of Day Share Price||2021/06/22 00:00|
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.