Hengli PetrochemicalLtd
Market Cap
CN¥214.7b
Last Updated
2021/05/09 09:25 UTC
Data Sources
Company Financials +
Executive Summary
Hengli Petrochemical Co.,Ltd. engages in the petrochemical business. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value average dividend payer.
Share Price & News
How has Hengli PetrochemicalLtd's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600346 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 600346's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.
Market Performance
7 Day Return
2.9%
600346
1.4%
CN Chemicals
-2.0%
CN Market
1 Year Return
115.7%
600346
54.8%
CN Chemicals
22.3%
CN Market
Return vs Industry: 600346 exceeded the CN Chemicals industry which returned 54.8% over the past year.
Return vs Market: 600346 exceeded the CN Market which returned 22.3% over the past year.
Shareholder returns
| 600346 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | 1.4% | -2.0% |
| 30 Day | 5.0% | 3.5% | -0.5% |
| 90 Day | -24.7% | -2.1% | -5.0% |
| 1 Year | 122.1%115.7% | 57.2%54.8% | 24.1%22.3% |
| 3 Year | 175.4%158.6% | 28.0%22.7% | 26.6%20.6% |
| 5 Year | 675.3%614.0% | 53.4%44.5% | 37.6%28.4% |
Long-Term Price Volatility Vs. Market
How volatile is Hengli PetrochemicalLtd's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Hengli PetrochemicalLtd 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: 600346 (CN¥30.5) is trading below our estimate of fair value (CN¥152.5)
Significantly Below Fair Value: 600346 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600346 is good value based on its PE Ratio (13.9x) compared to the CN Chemicals industry average (28.4x).
PE vs Market: 600346 is good value based on its PE Ratio (13.9x) compared to the CN market (30.2x).
Price to Earnings Growth Ratio
PEG Ratio: 600346 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 600346 is overvalued based on its PB Ratio (4.2x) compared to the CN Chemicals industry average (2.6x).
Future Growth
How is Hengli PetrochemicalLtd forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
12.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600346's forecast earnings growth (12.6% per year) is above the savings rate (3.3%).
Earnings vs Market: 600346's earnings (12.6% per year) are forecast to grow slower than the CN market (21.2% per year).
High Growth Earnings: 600346's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600346's revenue (9.7% per year) is forecast to grow slower than the CN market (16.9% per year).
High Growth Revenue: 600346'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: 600346's Return on Equity is forecast to be high in 3 years time (25.5%)
Past Performance
How has Hengli PetrochemicalLtd performed over the past 5 years?
50.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600346 has high quality earnings.
Growing Profit Margin: 600346's current net profit margins (8.8%) are lower than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: 600346's earnings have grown significantly by 50.9% per year over the past 5 years.
Accelerating Growth: 600346's earnings growth over the past year (32.3%) is below its 5-year average (50.9% per year).
Earnings vs Industry: 600346 earnings growth over the past year (32.3%) underperformed the Chemicals industry 36.3%.
Return on Equity
High ROE: Whilst 600346's Return on Equity (30.17%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Hengli PetrochemicalLtd's financial position?
Financial Position Analysis
Short Term Liabilities: 600346's short term assets (CN¥61.2B) do not cover its short term liabilities (CN¥91.2B).
Long Term Liabilities: 600346's short term assets (CN¥61.2B) exceed its long term liabilities (CN¥58.9B).
Debt to Equity History and Analysis
Debt Level: 600346's debt to equity ratio (206.6%) is considered high.
Reducing Debt: 600346's debt to equity ratio has increased from 183.4% to 206.6% over the past 5 years.
Debt Coverage: 600346's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 600346's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Dividend
What is Hengli PetrochemicalLtd current dividend yield, its reliability and sustainability?
2.52%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600346's dividend (2.52%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).
High Dividend: 600346's dividend (2.52%) is in the top 25% of dividend payers in the CN market (1.87%)
Stability and Growth of Payments
Stable Dividend: 600346 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600346's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), 600346's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600346's dividends in 3 years are forecast to be well covered by earnings (39.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Fan Hong Wei (53 yo)
no data
Tenure
Ms. Fan Hong Wei serves as Chairman of the Board and General Manager at Hengli Petrochemical Co., Ltd. Ms. Hong Wei is the owner of Dechengli International Group Co., Ltd.
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
Hengli Petrochemical Co.,Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hengli Petrochemical Co.,Ltd.
- Ticker: 600346
- Exchange: SHSE
- Founded: 1999
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: CN¥214.693b
- Shares outstanding: 7.04b
- Website: https://www.henglipc.com/henglishihua.html
Number of Employees
Location
- Hengli Petrochemical Co.,Ltd.
- OSBL Project-Public Works Office Buildin
- No. 298 Changsong Road
- Dalian
- Liaoning Province
- China
Listings
Biography
Hengli Petrochemical Co.,Ltd. engages in the petrochemical business. It produces and sells petroleum and intermediate petrochemical products, as well as synthetic fibers. The company was founded in 1999 an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/09 09:25 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.