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6033

Shanghai Tianyang Hot Melt Adhesives SHSE:603330 Stock Report

Last Price

CN¥15.28

Market Cap

CN¥5.1b

7D

6.5%

1Y

33.5%

Updated

15 Aug, 2022

Data

Company Financials +
603330 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance3/6
Financial Health4/6
Dividends2/6

603330 Stock Overview

Shanghai Tianyang Hot Melt Adhesives Co., Ltd.

Shanghai Tianyang Hot Melt Adhesives Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shanghai Tianyang Hot Melt Adhesives
Historical stock prices
Current Share PriceCN¥15.28
52 Week HighCN¥16.49
52 Week LowCN¥7.37
Beta0.91
1 Month Change27.97%
3 Month Change74.91%
1 Year Change33.45%
3 Year Change198.64%
5 Year Change93.43%
Change since IPO191.37%

Recent News & Updates

Shareholder Returns

603330CN ChemicalsCN Market
7D6.5%3.9%1.6%
1Y33.5%-9.4%-10.1%

Return vs Industry: 603330 exceeded the CN Chemicals industry which returned -9.4% over the past year.

Return vs Market: 603330 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 603330's price volatile compared to industry and market?
603330 volatility
603330 Average Weekly Movement8.6%
Chemicals Industry Average Movement6.2%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 603330 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 603330's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
1993890Zhe Lihttps://www.hotmelt.com.cn

Shanghai Tianyang Hot Melt Adhesives Co., Ltd. engages in the manufacture and sale of thermoplastic and reactive adhesive materials in China and internationally. It offers copolyester and copolyamide powders; modified polyamide materials; web, film, and PUR adhesives; solar encapsulation films; and electronic adhesives.

Shanghai Tianyang Hot Melt Adhesives Fundamentals Summary

How do Shanghai Tianyang Hot Melt Adhesives's earnings and revenue compare to its market cap?
603330 fundamental statistics
Market CapCN¥5.09b
Earnings (TTM)CN¥92.52m
Revenue (TTM)CN¥1.16b

55.0x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603330 income statement (TTM)
RevenueCN¥1.16b
Cost of RevenueCN¥907.62m
Gross ProfitCN¥254.24m
Other ExpensesCN¥161.72m
EarningsCN¥92.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.28
Gross Margin21.88%
Net Profit Margin7.96%
Debt/Equity Ratio43.7%

How did 603330 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 603330 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 603330?

Other financial metrics that can be useful for relative valuation.

603330 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/Revenue4.7x
Enterprise Value/EBITDA51.4x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does 603330's PE Ratio compare to its peers?

603330 PE Ratio vs Peers
The above table shows the PE ratio for 603330 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.6x
603822 Zhejiang Jiaao Enprotech Stock
42.7xn/aCN¥4.7b
300305 Jiangsu Yuxing Film Technology
20.5x28.8%CN¥4.8b
000949 Xinxiang Chemical Fiber
8.2xn/aCN¥5.2b
300566 Ningbo Exciton Technology
43.2xn/aCN¥5.4b
603330 Shanghai Tianyang Hot Melt Adhesives
55x59.8%CN¥5.1b

Price-To-Earnings vs Peers: 603330 is expensive based on its Price-To-Earnings Ratio (55x) compared to the peer average (28.6x).


Price to Earnings Ratio vs Industry

How does 603330's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 603330 is expensive based on its Price-To-Earnings Ratio (55x) compared to the CN Chemicals industry average (30x)


Price to Earnings Ratio vs Fair Ratio

What is 603330'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.

603330 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55x
Fair PE Ratio44.8x

Price-To-Earnings vs Fair Ratio: 603330 is expensive based on its Price-To-Earnings Ratio (55x) compared to the estimated Fair Price-To-Earnings Ratio (44.8x).


Share Price vs Fair Value

What is the Fair Price of 603330 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603330 (CN¥15.28) is trading above our estimate of fair value (CN¥2.59)

Significantly Below Fair Value: 603330 is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Shanghai Tianyang Hot Melt Adhesives forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603330's forecast earnings growth (59.8% per year) is above the savings rate (3.2%).

Earnings vs Market: 603330's earnings (59.8% per year) are forecast to grow faster than the CN market (24.5% per year).

High Growth Earnings: 603330's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 603330's revenue (53.9% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 603330's revenue (53.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 603330's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Shanghai Tianyang Hot Melt Adhesives performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603330 has a high level of non-cash earnings.

Growing Profit Margin: 603330's current net profit margins (8%) are lower than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: 603330's earnings have grown significantly by 26.9% per year over the past 5 years.

Accelerating Growth: 603330's earnings growth over the past year (44.9%) exceeds its 5-year average (26.9% per year).

Earnings vs Industry: 603330 earnings growth over the past year (44.9%) exceeded the Chemicals industry 23.2%.


Return on Equity

High ROE: 603330's Return on Equity (7.8%) is considered low.


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Financial Health

How is Shanghai Tianyang Hot Melt Adhesives's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603330's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥609.3M).

Long Term Liabilities: 603330's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥147.8M).


Debt to Equity History and Analysis

Debt Level: 603330's net debt to equity ratio (30.7%) is considered satisfactory.

Reducing Debt: 603330's debt to equity ratio has increased from 6.2% to 43.7% over the past 5 years.

Debt Coverage: 603330's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 603330's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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Dividend

What is Shanghai Tianyang Hot Melt Adhesives's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603330's dividend (0.65%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 603330's dividend (0.65%) is low compared to the top 25% of dividend payers in the CN market (1.88%).


Stability and Growth of Payments

Stable Dividend: 603330 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603330's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.5%), 603330's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 603330 is paying a dividend but the company has no free cash flows.


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Management

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

8.8yrs

Average management tenure


CEO

Zhe Li (59 yo)

8.75yrs

Tenure

CN¥960,000

Compensation

Mr. Zhe Long Li has been Chairman of the Board of Directors and General Manager at Shanghai Tianyang Hot Melt Adhesives Co., Ltd. since November 2013. Mr. Li serves as Executive Director and General Manage...


Leadership Team

Experienced Management: 603330's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: 603330's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

Shanghai Tianyang Hot Melt Adhesives Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Tianyang Hot Melt Adhesives Co., Ltd.
  • Ticker: 603330
  • Exchange: SHSE
  • Founded: 1993
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥5.086b
  • Shares outstanding: 332.83m
  • Website: https://www.hotmelt.com.cn

Number of Employees


Location

  • Shanghai Tianyang Hot Melt Adhesives Co., Ltd.
  • No.505, Huiping Road
  • Jiading District
  • Shanghai
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 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.