SHSE:603260

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Hoshine Silicon Industry

Executive Summary

Hoshine Silicon Industry Co., Ltd. produces and sells silicon-based materials in China and internationally. More Details


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

How has Hoshine Silicon Industry's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 603260 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 603260's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

-10.9%

603260

-7.2%

CN Chemicals

-6.5%

CN Market


1 Year Return

74.6%

603260

56.7%

CN Chemicals

26.9%

CN Market

Return vs Industry: 603260 exceeded the CN Chemicals industry which returned 56.7% over the past year.

Return vs Market: 603260 exceeded the CN Market which returned 26.9% over the past year.


Shareholder returns

603260IndustryMarket
7 Day-10.9%-7.2%-6.5%
30 Day6.6%-1.3%-4.1%
90 Day20.1%13.1%2.9%
1 Year76.2%74.6%59.1%56.7%29.0%26.9%
3 Year18.9%15.1%30.7%25.3%28.5%22.1%
5 Yearn/a62.4%53.1%45.1%35.0%

Long-Term Price Volatility Vs. Market

How volatile is Hoshine Silicon Industry's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hoshine Silicon Industry undervalued compared to its fair value and its price relative to the market?

45.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 603260 (CN¥46.6) is trading above our estimate of fair value (CN¥11.42)

Significantly Below Fair Value: 603260 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 603260 is poor value based on its PE Ratio (45.2x) compared to the CN Chemicals industry average (36.4x).

PE vs Market: 603260 is poor value based on its PE Ratio (45.2x) compared to the CN market (34.1x).


Price to Earnings Growth Ratio

PEG Ratio: 603260 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 603260 is overvalued based on its PB Ratio (4.9x) compared to the CN Chemicals industry average (2.8x).


Next Steps

Future Growth

How is Hoshine Silicon Industry forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

48.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603260's forecast earnings growth (48.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 603260's earnings (48.9% per year) are forecast to grow faster than the CN market (24.8% per year).

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

Revenue vs Market: 603260's revenue (29.1% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 603260's revenue (29.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603260's Return on Equity is forecast to be low in 3 years time (19.3%).


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has Hoshine Silicon Industry performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603260 has high quality earnings.

Growing Profit Margin: 603260's current net profit margins (11.1%) are lower than last year (15.4%).


Past Earnings Growth Analysis

Earnings Trend: 603260's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: 603260's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603260 had negative earnings growth (-31.7%) over the past year, making it difficult to compare to the Chemicals industry average (3.6%).


Return on Equity

High ROE: 603260's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Hoshine Silicon Industry's financial position?


Financial Position Analysis

Short Term Liabilities: 603260's short term assets (CN¥4.0B) do not cover its short term liabilities (CN¥7.5B).

Long Term Liabilities: 603260's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.9B).


Debt to Equity History and Analysis

Debt Level: 603260's debt to equity ratio (50.3%) is considered high.

Reducing Debt: 603260's debt to equity ratio has reduced from 71.1% to 50.3% over the past 5 years.

Debt Coverage: 603260's debt is well covered by operating cash flow (39%).

Interest Coverage: 603260's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Hoshine Silicon Industry current dividend yield, its reliability and sustainability?

0.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 603260's dividend (0.49%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 603260's dividend (0.49%) is low compared to the top 25% of dividend payers in the CN market (1.8%).


Stability and Growth of Payments

Stable Dividend: 603260 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603260 has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.3%), 603260'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?


CEO

Hong Cheng Fang (47 yo)

no data

Tenure

Mr. Fang Hong Cheng serves as General Manager of Hoshine Silicon Industry Co., Ltd. From 1993 to 2000, Mr. Fang served as Marketing Manager, manage of entire sales unit of Xin'an Chemical Group Zhejiang Ka...


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

Hoshine Silicon Industry Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hoshine Silicon Industry Co., Ltd.
  • Ticker: 603260
  • Exchange: SHSE
  • Founded: 2005
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: CN¥43.711b
  • Shares outstanding: 938.00m
  • Website: https://www.hoshinesilicon.com

Number of Employees


Location

  • Hoshine Silicon Industry Co., Ltd.
  • No. 530, Yashan West Road
  • Zhapu Town
  • Pinghu
  • Zhejiang Province
  • 314201
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603260SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYOct 2017
603260XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYOct 2017

Biography

Hoshine Silicon Industry Co., Ltd. produces and sells silicon-based materials in China and internationally. It offers silicon metals and metal powders; and silicone monomer, intermediate, rubber RTV and HT...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 09:06
End of Day Share Price2021/02/26 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.