6008

Xinjiang JoinworldLtdSHSE:600888 Stock Report

Market Cap

CN¥14.5b

7D

6.7%

1Y

108.4%

Updated

16 Sep, 2021

Data

Company Financials +
600888 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends3/6

600888 Overview

Xinjiang Joinworld Co., Ltd. engages in the production and sale of aluminum and aluminum products in China and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Xinjiang JoinworldLtd
Historical stock prices
Current Share PriceCN¥10.90
52 Week HighCN¥5.16
52 Week LowCN¥11.80
Beta0.28
1 Month Change18.74%
3 Month Change104.12%
1 Year Change108.41%
3 Year Change110.83%
5 Year Change87.93%
Change since IPO792.05%

Recent News & Updates

Shareholder Returns

600888CN Metals and MiningCN Market
7D6.7%-0.08%-0.7%
1Y108.4%87.8%12.4%

Return vs Industry: 600888 exceeded the CN Metals and Mining industry which returned 87.8% over the past year.

Return vs Market: 600888 exceeded the CN Market which returned 12.4% over the past year.

Price Volatility

Is 600888's price volatile compared to industry and market?
600888 volatility
600888 Beta0.28
Industry Beta0.66
Market Beta1

Stable Share Price: 600888 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 600888's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19582,678Jian Sunhttps://www.joinworld.com

Xinjiang Joinworld Co., Ltd. engages in the production and sale of aluminum and aluminum products in China and internationally. It also provides electronic aluminum foil, electrode foil, and other electronic component raw materials, as well as aluminum alloys. The company’s aluminum is used in electronic aluminum foil, electronic conductive needle wire, alumina powder, aviation aluminum alloy, and target materials, as well as other fields of electronics, aerospace, and integrated circuits; electronic aluminum foil is used for the production of electrode foil; electrode foil is used for the production of aluminum electrolytic capacitors; and aluminum alloy is used in electronic consumer products, energy-saving wires, automobile engines, automobile decoration, architectural decoration and other electronics, electricity, transportation, and construction related field.

Valuation

Is Xinjiang JoinworldLtd undervalued compared to its fair value and its price relative to the market?

26.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600888 (CN¥10.9) is trading above our estimate of fair value (CN¥7.37)

Significantly Below Fair Value: 600888 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600888 is good value based on its PE Ratio (26.8x) compared to the CN Metals and Mining industry average (34.4x).

PE vs Market: 600888 is good value based on its PE Ratio (26.8x) compared to the CN market (35.4x).


Price to Earnings Growth Ratio

PEG Ratio: 600888 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 600888 is good value based on its PB Ratio (2.3x) compared to the CN Metals and Mining industry average (3.3x).


Future Growth

How is Xinjiang JoinworldLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

28.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600888's forecast earnings growth (28.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 600888's earnings (28.1% per year) are forecast to grow faster than the CN market (22.8% per year).

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

Revenue vs Market: 600888's revenue (9.4% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 600888's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600888's Return on Equity is forecast to be low in 3 years time (19.8%).


Past Performance

How has Xinjiang JoinworldLtd performed over the past 5 years?

40.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600888 has high quality earnings.

Growing Profit Margin: 600888's current net profit margins (7.3%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: 600888's earnings have grown significantly by 40.9% per year over the past 5 years.

Accelerating Growth: 600888's earnings growth over the past year (193%) exceeds its 5-year average (40.9% per year).

Earnings vs Industry: 600888 earnings growth over the past year (193%) exceeded the Metals and Mining industry 56.1%.


Return on Equity

High ROE: 600888's Return on Equity (8.6%) is considered low.


Financial Health

How is Xinjiang JoinworldLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 600888's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥2.7B).

Long Term Liabilities: 600888's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥3.9B).


Debt to Equity History and Analysis

Debt Level: 600888's debt to equity ratio (71.3%) is considered high.

Reducing Debt: 600888's debt to equity ratio has reduced from 123.7% to 71.3% over the past 5 years.

Debt Coverage: 600888's debt is not well covered by operating cash flow (11.2%).

Interest Coverage: 600888 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Xinjiang JoinworldLtd current dividend yield, its reliability and sustainability?

1.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600888's dividend (1.01%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600888's dividend (1.01%) is low compared to the top 25% of dividend payers in the CN market (1.75%).


Stability and Growth of Payments

Stable Dividend: 600888's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600888's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.2%), 600888's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.3yrs

Average board tenure


CEO

Jian Sun

no data

Tenure

CN¥1,609,600

Compensation

Mr. Jian Sun serves as the Chairman and General Manager of Xinjiang Joinworld Co.,Ltd.


Board Members

Experienced Board: 600888's board of directors are considered experienced (9.3 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 been diluted in the past year, with total shares outstanding growing by 29.4%.


Top Shareholders

Company Information

Xinjiang Joinworld Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Xinjiang Joinworld Co.,Ltd.
  • Ticker: 600888
  • Exchange: SHSE
  • Founded: 1958
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: CN¥14.455b
  • Shares outstanding: 1.33b
  • Website: https://www.joinworld.com

Number of Employees


Location

  • Xinjiang Joinworld Co.,Ltd.
  • No.18, Kashi East Road
  • High-tech Zone
  • Urumqi
  • Xinjiang Uygur Province
  • 830013
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:30
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.