| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
600321 Stock Overview
Rightway Holdings Co.,ltd. manufactures and sells wood-based panels and fiberboards in China and internationally.
Rightway Holdingsltd Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥1.99 |
| 52 Week High | CN¥2.55 |
| 52 Week Low | CN¥1.80 |
| Beta | 0.59 |
| 1 Month Change | 2.58% |
| 3 Month Change | -1.97% |
| 1 Year Change | -0.50% |
| 3 Year Change | 17.06% |
| 5 Year Change | -54.77% |
| Change since IPO | -59.88% |
Recent News & Updates
Shareholder Returns
| 600321 | CN Forestry | CN Market | |
|---|---|---|---|
| 7D | 0% | 1.6% | 1.6% |
| 1Y | -0.5% | -9.3% | -10.1% |
Return vs Industry: 600321 exceeded the CN Forestry industry which returned -9.3% over the past year.
Return vs Market: 600321 exceeded the CN Market which returned -10.1% over the past year.
Price Volatility
| 600321 volatility | |
|---|---|
| 600321 Average Weekly Movement | 5.4% |
| Forestry Industry Average Movement | 5.4% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in CN Market | 9.1% |
| 10% least volatile stocks in CN Market | 3.9% |
Stable Share Price: 600321 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 600321's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 547 | Su Ming Xie | https://www.rightwayholdings.com |
Rightway Holdings Co.,ltd. manufactures and sells wood-based panels and fiberboards in China and internationally. The company also engages in equity investment, and mergers and acquisitions activities; trading grains, chemicals, and board woods; import and export agency business; international freight forwarding business; and manufacturing sheet metal products.
Rightway Holdingsltd Fundamentals Summary
| 600321 fundamental statistics | |
|---|---|
| Market Cap | CN¥3.00b |
| Earnings (TTM) | CN¥23.32m |
| Revenue (TTM) | CN¥1.16b |
128.8x
P/E Ratio2.6x
P/S RatioIs 600321 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 600321 income statement (TTM) | |
|---|---|
| Revenue | CN¥1.16b |
| Cost of Revenue | CN¥993.96m |
| Gross Profit | CN¥165.92m |
| Other Expenses | CN¥142.60m |
| Earnings | CN¥23.32m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.015 |
| Gross Margin | 14.30% |
| Net Profit Margin | 2.01% |
| Debt/Equity Ratio | 124.8% |
How did 600321 perform over the long term?
See historical performance and comparisonValuation
Is 600321 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
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 600321?
Other financial metrics that can be useful for relative valuation.
| What is 600321's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥3.00b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.4x |
| Enterprise Value/EBITDA | 55.5x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 600321's PE Ratio compare to its peers?
| 600321 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 20.6x | ||
000663 Fujian Yongan Forestry(Group)Ltd | 9.3x | n/a | CN¥3.2b |
601996 Guangxi Fenglin Wood Industry GroupLtd | 18.3x | 18.6% | CN¥3.3b |
600189 Jilin Forest Industry | 45.4x | n/a | CN¥5.0b |
002043 DeHua TB New Decoration MaterialLtd | 9.5x | 17.0% | CN¥6.7b |
600321 Rightway Holdingsltd | 128.8x | n/a | CN¥3.0b |
Price-To-Earnings vs Peers: 600321 is expensive based on its Price-To-Earnings Ratio (128.8x) compared to the peer average (20.6x).
Price to Earnings Ratio vs Industry
How does 600321's PE Ratio compare vs other companies in the CN Forestry Industry?
Price-To-Earnings vs Industry: 600321 is expensive based on its Price-To-Earnings Ratio (128.8x) compared to the CN Forestry industry average (24.5x)
Price to Earnings Ratio vs Fair Ratio
What is 600321'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 128.8x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 600321's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 600321 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 600321 (CN¥1.99) is trading above our estimate of fair value (CN¥0.76)
Significantly Below Fair Value: 600321 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Rightway Holdingsltd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.7%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rightway Holdingsltd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Rightway Holdingsltd's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Past Performance
How has Rightway Holdingsltd performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-62.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600321 has high quality earnings.
Growing Profit Margin: 600321 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 600321 has become profitable over the past 5 years, growing earnings by -62.4% per year.
Accelerating Growth: 600321 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 600321 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (-0.6%).
Return on Equity
High ROE: 600321's Return on Equity (1.2%) is considered low.
Discover strong past performing companies
Financial Health
How is Rightway Holdingsltd's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 600321's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 600321's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥535.0M).
Debt to Equity History and Analysis
Debt Level: 600321's net debt to equity ratio (110.1%) is considered high.
Reducing Debt: 600321 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 600321's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: 600321's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
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Dividend
What is Rightway Holdingsltd current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 600321's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 600321'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 600321's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 600321's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 600321 is not paying a notable dividend for the CN market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 600321 has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
9.9yrs
Average management tenure
CEO
Su Ming Xie (47 yo)
5.25yrs
Tenure
CN¥1,006,600
Compensation
Mr. Su Ming Xie is General manager and Director of Rightway Holdings Co.,ltd. from May 2017.
Leadership Team
Experienced Management: 600321's management team is seasoned and experienced (9.9 years average tenure).
Board Members
Experienced Board: 600321's board of directors are seasoned and experienced ( 13 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
Rightway Holdings Co.,ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Rightway Holdings Co.,ltd.
- Ticker: 600321
- Exchange: SHSE
- Founded: NaN
- Industry: Forest Products
- Sector: Materials
- Implied Market Cap: CN¥3.003b
- Shares outstanding: 1.51b
- Website: https://www.rightwayholdings.com
Number of Employees
Location
- Rightway Holdings Co.,ltd.
- No. 2, Guangdu Avenue
- Section 1
- Chengdu
- Sichuan Province
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/14 00:00 |
| End of Day Share Price | 2022/08/12 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.