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Befar GroupLtd SHSE:601678 Stock Report

Last Price

CN¥5.95

Market Cap

CN¥12.2b

7D

-3.1%

1Y

-21.5%

Updated

02 Jul, 2022

Data

Company Financials
601678 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends4/6

601678 Stock Overview

Befar Group Co.,Ltd primarily produces and sells caustic soda and propylene oxide in China.

Befar GroupLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Befar GroupLtd
Historical stock prices
Current Share PriceCN¥5.95
52 Week HighCN¥14.20
52 Week LowCN¥4.89
Beta0.97
1 Month Change3.66%
3 Month Change-8.74%
1 Year Change-21.50%
3 Year Change-11.19%
5 Year Change5.96%
Change since IPO-5.67%

Recent News & Updates

Shareholder Returns

601678CN ChemicalsCN Market
7D-3.1%1.2%1.3%
1Y-21.5%9.2%-6.8%

Return vs Industry: 601678 underperformed the CN Chemicals industry which returned 9.2% over the past year.

Return vs Market: 601678 underperformed the CN Market which returned -6.8% over the past year.

Price Volatility

Is 601678's price volatile compared to industry and market?
601678 volatility
601678 Average Weekly Movement5.8%
Chemicals Industry Average Movement7.4%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 601678 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 601678's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19683,281Shu Wanghttps://www.befar.com

Befar Group Co.,Ltd primarily produces and sells caustic soda and propylene oxide in China. The company offers propylene oxide; hydrochloric acid; hydrogen peroxide; trichloroethylene; epichlorohydrin; di-chloropropane solvents; propylene chloride; fluorochemicals; auxiliary products, such as water-soluble and oil-soluble demulsifiers, desalting demulsifiers for refinery, polyoxyethylene non-ionic surfactants, surfactants, drainage acids, acidizing corrosion inhibitors, heavy oil viscosity reducers, and inverse demulsifiers; polyether products; sodium hypochlorite solution, and sodium sulfate decahydrate. Befar Group Co.,Ltd also exports its products to 100 countries and regions worldwide.

Befar GroupLtd Fundamentals Summary

How do Befar GroupLtd's earnings and revenue compare to its market cap?
601678 fundamental statistics
Market CapCN¥12.22b
Earnings (TTM)CN¥1.50b
Revenue (TTM)CN¥9.39b

8.1x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
601678 income statement (TTM)
RevenueCN¥9.39b
Cost of RevenueCN¥6.07b
Gross ProfitCN¥3.32b
Other ExpensesCN¥1.82b
EarningsCN¥1.50b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin35.37%
Net Profit Margin15.99%
Debt/Equity Ratio41.5%

How did 601678 perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 601678 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601678?

Other financial metrics that can be useful for relative valuation.

601678 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/Revenue1.4x
Enterprise Value/EBITDA4.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 601678's PE Ratio compare to its peers?

601678 PE Ratio vs Peers
The above table shows the PE ratio for 601678 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.3x
603505 China Kings Resources GroupLtd
54.1x35.5%CN¥12.7b
002810 Shandong Head GroupLtd
35.7x32.6%CN¥12.4b
603938 Tangshan Sunfar Silicon IndustriesLtd
31.7x26.0%CN¥13.7b
600063 Anhui Wanwei Updated High-Tech Material IndustryLtd
11.9x9.4%CN¥15.1b
601678 Befar GroupLtd
8.1xn/aCN¥12.2b

Price-To-Earnings vs Peers: 601678 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (33.3x).


Price to Earnings Ratio vs Industry

How does 601678's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 601678 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the CN Chemicals industry average (28.1x)


Price to Earnings Ratio vs Fair Ratio

What is 601678'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.

601678 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 601678's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 601678 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601678 (CN¥5.95) is trading above our estimate of fair value (CN¥2.36)

Significantly Below Fair Value: 601678 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 601678's PEG Ratio to determine if it is good value.


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Future Growth

How is Befar GroupLtd 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


22.3%

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 Befar GroupLtd 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.


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Past Performance

How has Befar GroupLtd performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 601678 has high quality earnings.

Growing Profit Margin: 601678's current net profit margins (16%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: 601678's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: 601678's earnings growth over the past year (55.7%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: 601678 earnings growth over the past year (55.7%) exceeded the Chemicals industry 22.2%.


Return on Equity

High ROE: 601678's Return on Equity (13.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Befar GroupLtd'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: 601678's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥4.9B).

Long Term Liabilities: 601678's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥2.3B).


Debt to Equity History and Analysis

Debt Level: 601678's net debt to equity ratio (7.1%) is considered satisfactory.

Reducing Debt: 601678's debt to equity ratio has increased from 30.1% to 41.5% over the past 5 years.

Debt Coverage: 601678's debt is well covered by operating cash flow (34.2%).

Interest Coverage: 601678's interest payments on its debt are well covered by EBIT (24.2x coverage).


Balance Sheet


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Dividend

What is Befar GroupLtd 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

  • Future Dividend Coverage


2.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 601678's dividend (2.52%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 601678's dividend (2.52%) is in the top 25% of dividend payers in the CN market (1.92%)


Stability and Growth of Payments

Stable Dividend: 601678's dividend payments have been volatile in the past 10 years.

Growing Dividend: 601678's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.8%), 601678's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 601678 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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


CEO

Shu Wang (58 yo)

7.33yrs

Tenure

Mr. Shu hua Wang serves as Vice Chairman at Befar Group Co., Ltd., and has been its General Manager since March 12, 2015.


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 8.7%.


Top Shareholders

Company Information

Befar Group Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Befar Group Co.,Ltd
  • Ticker: 601678
  • Exchange: SHSE
  • Founded: 1968
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥12.217b
  • Shares outstanding: 2.05b
  • Website: https://www.befar.com

Number of Employees


Location

  • Befar Group Co.,Ltd
  • No. 869, Huanghe 5th Road
  • Binzhou
  • Shandong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 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.