SHSE:600409

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Tangshan Sanyou Chemical IndustriesLtd

Executive Summary

Tangshan Sanyou Chemical Industries Co.,Ltd produces and sells chemical products. More Details


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Tangshan Sanyou Chemical IndustriesLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600409 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 600409'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

1.7%

600409

-1.7%

CN Chemicals

-1.2%

CN Market


1 Year Return

67.9%

600409

45.2%

CN Chemicals

31.5%

CN Market

Return vs Industry: 600409 exceeded the CN Chemicals industry which returned 45.2% over the past year.

Return vs Market: 600409 exceeded the CN Market which returned 31.5% over the past year.


Shareholder returns

600409IndustryMarket
7 Day1.7%-1.7%-1.2%
30 Day33.0%6.6%1.7%
90 Day63.5%4.4%-2.8%
1 Year73.4%67.9%48.0%45.2%33.9%31.5%
3 Year-4.0%-13.0%15.7%10.1%16.2%10.6%
5 Year31.0%15.6%3.4%-2.5%4.1%-2.8%

Long-Term Price Volatility Vs. Market

How volatile is Tangshan Sanyou Chemical IndustriesLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tangshan Sanyou Chemical IndustriesLtd undervalued compared to its fair value and its price relative to the market?

34.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600409 (CN¥9.4) is trading below our estimate of fair value (CN¥14.39)

Significantly Below Fair Value: 600409 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600409 is poor value based on its PE Ratio (103.7x) compared to the CN Chemicals industry average (38.6x).

PE vs Market: 600409 is poor value based on its PE Ratio (103.7x) compared to the CN market (38.6x).


Price to Earnings Growth Ratio

PEG Ratio: 600409 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 600409 is good value based on its PB Ratio (1.8x) compared to the CN Chemicals industry average (2.8x).


Next Steps

Future Growth

How is Tangshan Sanyou Chemical IndustriesLtd forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

56.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600409's forecast earnings growth (56.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 600409's earnings (56.6% per year) are forecast to grow faster than the CN market (24.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600409's revenue (8.5% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 600409's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600409's Return on Equity is forecast to be low in 3 years time (9.7%).


Next Steps

Past Performance

How has Tangshan Sanyou Chemical IndustriesLtd performed over the past 5 years?

-2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600409 has a large one-off gain of CN¥81.5M impacting its September 30 2020 financial results.

Growing Profit Margin: 600409's current net profit margins (1.1%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 600409's earnings have declined by 2.6% per year over the past 5 years.

Accelerating Growth: 600409's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600409 had negative earnings growth (-67.2%) over the past year, making it difficult to compare to the Chemicals industry average (2.5%).


Return on Equity

High ROE: 600409's Return on Equity (1.4%) is considered low.


Next Steps

Financial Health

How is Tangshan Sanyou Chemical IndustriesLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 600409's short term assets (CN¥7.1B) do not cover its short term liabilities (CN¥9.2B).

Long Term Liabilities: 600409's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥3.4B).


Debt to Equity History and Analysis

Debt Level: 600409's debt to equity ratio (65.9%) is considered high.

Reducing Debt: 600409's debt to equity ratio has reduced from 147.1% to 65.9% over the past 5 years.

Debt Coverage: 600409's debt is well covered by operating cash flow (28.5%).

Interest Coverage: 600409's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Tangshan Sanyou Chemical IndustriesLtd current dividend yield, its reliability and sustainability?

1.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600409's dividend (1.77%) is higher than the bottom 25% of dividend payers in the CN market (0.37%).

High Dividend: 600409's dividend (1.77%) is in the top 25% of dividend payers in the CN market (1.65%)


Stability and Growth of Payments

Stable Dividend: 600409's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600409's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (183.2%), 600409's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600409's dividends in 3 years are forecast to be well covered by earnings (35.8% payout ratio).


Next Steps

Management

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

CN¥2m

CEO Compensation


CEO

Wang Tieying (52 yo)

no data

Tenure

CN¥1,644,300

Compensation

Mr. Tieying Wang serves as General Manager of Tangshan Sanyou Chemical Industries Co.,Ltd. Mr. Tieying served as Deputy General Manager and Head of Sales of Tangshan Sanyou Chlor-alkali Co., Ltd. He served...


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

Tangshan Sanyou Chemical Industries Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tangshan Sanyou Chemical Industries Co.,Ltd
  • Ticker: 600409
  • Exchange: SHSE
  • Founded: 1999
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: CN¥19.405b
  • Shares outstanding: 2.06b
  • Website: https://www.sanyou-chem.com.cn

Number of Employees


Location

  • Tangshan Sanyou Chemical Industries Co.,Ltd
  • Nanbao Development Zone
  • Tangshan
  • Hebei Province
  • 63305
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600409SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJan 2005
600409XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJan 2005

Biography

Tangshan Sanyou Chemical Industries Co.,Ltd produces and sells chemical products. The company offers soda ash, adhesives, polyvinyl chloride resins, caustic soda, silicones, and salt products, as well as c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 09:03
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.