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Jiangsu Yangnong Chemical SHSE:600486 Stock Report

Last Price

CN¥100.15

Market Cap

CN¥31.0b

7D

-3.5%

1Y

-7.0%

Updated

28 Sep, 2022

Data

Company Financials +
600486 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends4/6

600486 Stock Overview

Jiangsu Yangnong Chemical Co., Ltd. produces and sells pesticides in China.

Jiangsu Yangnong Chemical Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jiangsu Yangnong Chemical
Historical stock prices
Current Share PriceCN¥100.15
52 Week HighCN¥148.88
52 Week LowCN¥99.65
Beta0.92
1 Month Change-12.74%
3 Month Change-24.86%
1 Year Change-7.04%
3 Year Change101.10%
5 Year Change157.13%
Change since IPO1,277.73%

Recent News & Updates

Shareholder Returns

600486CN ChemicalsCN Market
7D-3.5%-2.4%-1.0%
1Y-7.0%-20.1%-16.9%

Return vs Industry: 600486 exceeded the CN Chemicals industry which returned -20.1% over the past year.

Return vs Market: 600486 exceeded the CN Market which returned -16.9% over the past year.

Price Volatility

Is 600486's price volatile compared to industry and market?
600486 volatility
600486 Average Weekly Movement3.8%
Chemicals Industry Average Movement6.1%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.3%
10% least volatile stocks in CN Market3.7%

Stable Share Price: 600486 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 600486's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19993,118Xiao Ju Wuhttps://www.yangnongchem.com

Jiangsu Yangnong Chemical Co., Ltd. produces and sells pesticides in China. It provides pyrethroids for use in health and agricultural applications. The company also exports its products.

Jiangsu Yangnong Chemical Fundamentals Summary

How do Jiangsu Yangnong Chemical's earnings and revenue compare to its market cap?
600486 fundamental statistics
Market CapCN¥31.04b
Earnings (TTM)CN¥1.95b
Revenue (TTM)CN¥14.72b

16.0x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600486 income statement (TTM)
RevenueCN¥14.72b
Cost of RevenueCN¥10.94b
Gross ProfitCN¥3.78b
Other ExpensesCN¥1.84b
EarningsCN¥1.95b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.28
Gross Margin25.70%
Net Profit Margin13.21%
Debt/Equity Ratio13.4%

How did 600486 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

10%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 600486 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 600486?

Other financial metrics that can be useful for relative valuation.

600486 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/Revenue1.9x
Enterprise Value/EBITDA10.2x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does 600486's PE Ratio compare to its peers?

600486 PE Ratio vs Peers
The above table shows the PE ratio for 600486 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.9x
301035 Shandong Weifang Rainbow Chemical
19.4x1.1%CN¥27.3b
000553 ADAMA
41.1x20.9%CN¥20.7b
600096 Yunnan Yuntianhua
7.7x7.7%CN¥42.6b
000902 Xinyangfeng Agricultural Technology
11.6x21.5%CN¥16.5b
600486 Jiangsu Yangnong Chemical
16x7.6%CN¥31.0b

Price-To-Earnings vs Peers: 600486 is good value based on its Price-To-Earnings Ratio (16x) compared to the peer average (19.9x).


Price to Earnings Ratio vs Industry

How does 600486's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 600486 is good value based on its Price-To-Earnings Ratio (16x) compared to the CN Chemicals industry average (26.2x)


Price to Earnings Ratio vs Fair Ratio

What is 600486'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.

600486 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: 600486 is good value based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).


Share Price vs Fair Value

What is the Fair Price of 600486 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600486 (CN¥100.15) is trading below our estimate of fair value (CN¥502.95)

Significantly Below Fair Value: 600486 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Jiangsu Yangnong Chemical forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600486's forecast earnings growth (7.6% per year) is above the savings rate (3.2%).

Earnings vs Market: 600486's earnings (7.6% per year) are forecast to grow slower than the CN market (26% per year).

High Growth Earnings: 600486's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600486's revenue (10.9% per year) is forecast to grow slower than the CN market (18.3% per year).

High Growth Revenue: 600486's revenue (10.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600486's Return on Equity is forecast to be high in 3 years time (21.1%)


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Past Performance

How has Jiangsu Yangnong Chemical performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600486 has high quality earnings.

Growing Profit Margin: 600486's current net profit margins (13.2%) are higher than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: 600486's earnings have grown by 16.9% per year over the past 5 years.

Accelerating Growth: 600486's earnings growth over the past year (65.6%) exceeds its 5-year average (16.9% per year).

Earnings vs Industry: 600486 earnings growth over the past year (65.6%) exceeded the Chemicals industry 16.1%.


Return on Equity

High ROE: 600486's Return on Equity (23.5%) is considered high.


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Financial Health

How is Jiangsu Yangnong Chemical's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600486's short term assets (CN¥11.3B) exceed its short term liabilities (CN¥8.1B).

Long Term Liabilities: 600486's short term assets (CN¥11.3B) exceed its long term liabilities (CN¥127.6M).


Debt to Equity History and Analysis

Debt Level: 600486 has more cash than its total debt.

Reducing Debt: 600486's debt to equity ratio has increased from 12.8% to 13.4% over the past 5 years.

Debt Coverage: 600486's debt is well covered by operating cash flow (203.9%).

Interest Coverage: 600486 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Jiangsu Yangnong Chemical current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.65%

Current Dividend Yield

Dividend Yield vs Market

Jiangsu Yangnong Chemical Dividend Yield vs Market
How does Jiangsu Yangnong Chemical dividend yield compare to the market?
SegmentDividend Yield
Company (Jiangsu Yangnong Chemical)0.6%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Chemicals)1.8%
Analyst forecast in 3 Years (Jiangsu Yangnong Chemical)1.9%

Notable Dividend: 600486's dividend (0.65%) is higher than the bottom 25% of dividend payers in the CN market (0.52%).

High Dividend: 600486's dividend (0.65%) is low compared to the top 25% of dividend payers in the CN market (2.07%).


Stability and Growth of Payments

Stable Dividend: 600486's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600486's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.4%), 600486's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16%), 600486's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

16.4yrs

Average management tenure


CEO

Xiao Ju Wu (44 yo)

no data

Tenure

CN¥3,487,000

Compensation

Mr. Xiao Ju Wu is Director and General Manager at Jiangsu Yangnong Chemical Co.,Ltd. and has been Secretary of the Board since April 2006. He was Deputy General Manager at Jiangsu Yangnong Chemical Co.,Ltd...


Leadership Team

Experienced Management: 600486's management team is seasoned and experienced (16.4 years average tenure).


Board Members

Experienced Board: 600486's board of directors are considered experienced (8 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

What is the ownership structure of 600486?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders9000.0003%
Institutions53,212,67217.2%
General Public127,588,51041.2%
Private Companies129,096,82541.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 57.48% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.17%
Sinochem Holdings Corp Ltd
112,084,812CN¥11.2b0%no data
5.49%
YangZhou FuYuan Chemical Sci&Tech Co., Ltd.
17,012,013CN¥1.7b0%no data
3.08%
E Fund Management Co., Ltd.
9,538,330CN¥955.3m-29.29%0.23%
3.02%
National Council for Social Security Fund
9,371,463CN¥938.6m-4.58%0.18%
2.76%
Harvest Fund Management Co., Ltd.
8,538,476CN¥855.1m-11.22%0.44%
0.98%
Norges Bank Investment Management
3,028,470CN¥303.3m0%0.01%
0.95%
Taikang Asset Management Co., Ltd.
2,929,934CN¥293.4m-18.37%0.59%
0.76%
ICBC Credit Suisse Asset Management Co., Ltd.
2,351,800CN¥235.5m0%0.16%
0.48%
Bosera Asset Management Co., Ltd.
1,494,262CN¥149.7m0%0.13%
0.47%
China Southern Asset Management Co., Ltd.
1,465,280CN¥146.7m0%0.07%
0.4%
Lombarda China Fund Management Co., Ltd.
1,240,207CN¥124.2m0%0.06%
0.37%
Zhongtai Securities (Shanghai) Asset Management Co.,Ltd.
1,148,734CN¥115.0m0%1.27%
0.35%
Caisse de dépôt et placement du Québec
1,094,861CN¥109.7m0%0.02%
0.27%
Fullgoal Fund Management Co., Ltd.
841,213CN¥84.2m0%0.04%
0.26%
The Vanguard Group, Inc.
819,728CN¥82.1m0%no data
0.24%
CPIC Fund Management Co., Ltd.
755,188CN¥75.6m0%0.43%
0.2%
Ping An Fund Management Co., Ltd.
633,939CN¥63.5m0%0.24%
0.2%
Guotai Asset Management Co., Ltd.
623,936CN¥62.5m0%0.05%
0.19%
Origin Asset Management Limited Liability Partnership
592,990CN¥59.4m0%0.36%
0.19%
Minsheng Royal Fund Management Co., Ltd.
591,300CN¥59.2m0%0.28%
0.15%
BlackRock, Inc.
475,884CN¥47.7m-4.16%no data
0.14%
Peng Yang Fund Management Co., Ltd.
442,302CN¥44.3m0%0.3%
0.13%
Goldman Sachs Asset Management, L.P.
399,305CN¥40.0m0%no data
0.11%
Franklin Resources, Inc.
346,000CN¥34.7m0%no data
0.1%
Tianhong Asset Management Co., Ltd.
312,800CN¥31.3m0%0.06%

Company Information

Jiangsu Yangnong Chemical Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Jiangsu Yangnong Chemical Co., Ltd.
  • Ticker: 600486
  • Exchange: SHSE
  • Founded: 1999
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥31.036b
  • Shares outstanding: 309.90m
  • Website: https://www.yangnongchem.com

Number of Employees


Location

  • Jiangsu Yangnong Chemical Co., Ltd.
  • No. 39, Wenfeng Road
  • Yangzhou
  • Jiangsu Province
  • 225009
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600486SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYSep 2002
600486XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYSep 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
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.