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Rightway Holdingsltd SHSE:600321 Stock Report

Last Price

CN¥1.99

Market Cap

CN¥3.0b

7D

0%

1Y

-0.5%

Updated

14 Aug, 2022

Data

Company Financials
600321 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Rightway Holdingsltd
Historical stock prices
Current Share PriceCN¥1.99
52 Week HighCN¥2.55
52 Week LowCN¥1.80
Beta0.59
1 Month Change2.58%
3 Month Change-1.97%
1 Year Change-0.50%
3 Year Change17.06%
5 Year Change-54.77%
Change since IPO-59.88%

Recent News & Updates

Shareholder Returns

600321CN ForestryCN Market
7D0%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

Is 600321's price volatile compared to industry and market?
600321 volatility
600321 Average Weekly Movement5.4%
Forestry Industry Average Movement5.4%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.9%

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

FoundedEmployeesCEOWebsite
n/a547Su Ming Xiehttps://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

How do Rightway Holdingsltd's earnings and revenue compare to its market cap?
600321 fundamental statistics
Market CapCN¥3.00b
Earnings (TTM)CN¥23.32m
Revenue (TTM)CN¥1.16b

128.8x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600321 income statement (TTM)
RevenueCN¥1.16b
Cost of RevenueCN¥993.96m
Gross ProfitCN¥165.92m
Other ExpensesCN¥142.60m
EarningsCN¥23.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.015
Gross Margin14.30%
Net Profit Margin2.01%
Debt/Equity Ratio124.8%

How did 600321 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 600321 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation 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.

600321 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/Revenue4.4x
Enterprise Value/EBITDA55.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 600321's PE Ratio compare to its peers?

600321 PE Ratio vs Peers
The above table shows the PE ratio for 600321 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
000663 Fujian Yongan Forestry(Group)Ltd
9.3xn/aCN¥3.2b
601996 Guangxi Fenglin Wood Industry GroupLtd
18.3x18.6%CN¥3.3b
600189 Jilin Forest Industry
45.4xn/aCN¥5.0b
002043 DeHua TB New Decoration MaterialLtd
9.5x17.0%CN¥6.7b
600321 Rightway Holdingsltd
128.8xn/aCN¥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.

600321 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio128.8x
Fair PE Ration/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

0/6

Future 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.


Discover growth companies

Past Performance

How has Rightway Holdingsltd performed over the past 5 years?

Past Performance Score

3/6

Past 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

4/6

Financial 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

0/6

Dividend 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.


Discover strong dividend paying companies

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 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.