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6050

Shandong Fiberglass Group SHSE:605006 Stock Report

Last Price

CN¥11.10

Market Cap

CN¥6.7b

7D

2.9%

1Y

9.2%

Updated

26 Jun, 2022

Data

Company Financials +
605006 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends3/6

605006 Stock Overview

Shandong Fiberglass Group Co., Ltd manufactures and sells glass fiber yarn and other fiberglass products in China.

Shandong Fiberglass Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Shandong Fiberglass Group
Historical stock prices
Current Share PriceCN¥11.10
52 Week HighCN¥15.58
52 Week LowCN¥8.91
Beta0
1 Month Change11.00%
3 Month Change8.29%
1 Year Change9.18%
3 Year Changen/a
5 Year Changen/a
Change since IPO140.87%

Recent News & Updates

Shareholder Returns

605006CN ChemicalsCN Market
7D2.9%0.3%2.1%
1Y9.2%7.3%-10.1%

Return vs Industry: 605006 exceeded the CN Chemicals industry which returned 7.3% over the past year.

Return vs Market: 605006 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 605006's price volatile compared to industry and market?
605006 volatility
605006 Average Weekly Movement5.5%
Chemicals Industry Average Movement7.4%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 605006 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 605006's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a2,758n/ahttps://www.glasstex.cn

Shandong Fiberglass Group Co., Ltd manufactures and sells glass fiber yarn and other fiberglass products in China. Its products include C and E glass yarn, roving, wallcoverings, insect screens, and various industrial fabrics. The company is based in Linyi, China.

Shandong Fiberglass Group Fundamentals Summary

How do Shandong Fiberglass Group's earnings and revenue compare to its market cap?
605006 fundamental statistics
Market CapCN¥6.66b
Earnings (TTM)CN¥575.64m
Revenue (TTM)CN¥2.84b

11.6x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
605006 income statement (TTM)
RevenueCN¥2.84b
Cost of RevenueCN¥1.80b
Gross ProfitCN¥1.05b
Other ExpensesCN¥470.10m
EarningsCN¥575.64m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.96
Gross Margin36.76%
Net Profit Margin20.24%
Debt/Equity Ratio64.6%

How did 605006 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

10%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 605006 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 605006?

Other financial metrics that can be useful for relative valuation.

605006 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/Revenue2.8x
Enterprise Value/EBITDA7.2x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does 605006's PE Ratio compare to its peers?

605006 PE Ratio vs Peers
The above table shows the PE ratio for 605006 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.2x

Price-To-Earnings vs Peers: 605006 is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (28.5x).


Price to Earnings Ratio vs Industry

How does 605006's PE Ratio compare vs other companies in the Chinese Chemicals Industry?

Price-To-Earnings vs Industry: 605006 is good value based on its Price-To-Earnings Ratio (11.6x) compared to the CN Chemicals industry average (28.1x)


Price to Earnings Ratio vs Fair Ratio

What is 605006'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.

605006 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: 605006 is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).


Share Price vs Fair Value

What is the Fair Price of 605006 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 605006 (CN¥11.1) is trading below our estimate of fair value (CN¥74.79)

Significantly Below Fair Value: 605006 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 605006 is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Shandong Fiberglass Group forecast to perform in the next 1 to 3 years based on estimates from 4 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


18.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 605006's forecast earnings growth (18.2% per year) is above the savings rate (3.3%).

Earnings vs Market: 605006's earnings (18.2% per year) are forecast to grow slower than the CN market (24.1% per year).

High Growth Earnings: 605006's earnings are forecast to grow, but not significantly.

Revenue vs Market: 605006's revenue (13% per year) is forecast to grow slower than the CN market (17.6% per year).

High Growth Revenue: 605006's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 605006's Return on Equity is forecast to be high in 3 years time (22.3%)


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Past Performance

How has Shandong Fiberglass Group 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


40.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 605006 has high quality earnings.

Growing Profit Margin: 605006's current net profit margins (20.2%) are higher than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: 605006's earnings have grown significantly by 40.6% per year over the past 5 years.

Accelerating Growth: 605006's earnings growth over the past year (97.8%) exceeds its 5-year average (40.6% per year).

Earnings vs Industry: 605006 earnings growth over the past year (97.8%) exceeded the Chemicals industry 22.3%.


Return on Equity

High ROE: 605006's Return on Equity (22.7%) is considered high.


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Financial Health

How is Shandong Fiberglass Group'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: 605006's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥1.1B).

Long Term Liabilities: 605006's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: 605006's net debt to equity ratio (45.1%) is considered high.

Reducing Debt: 605006's debt to equity ratio has reduced from 118.1% to 64.6% over the past 5 years.

Debt Coverage: 605006's debt is well covered by operating cash flow (53%).

Interest Coverage: 605006's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet


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Dividend

What is Shandong Fiberglass Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.83%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 605006's dividend (0.83%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 605006's dividend (0.83%) is low compared to the top 25% of dividend payers in the CN market (1.93%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 605006's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 605006's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (9.6%), 605006's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (9%), 605006's dividend payments are thoroughly covered by cash flows.


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Management

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


CEO

Shandong Fiberglass Group has no CEO, or we have no data on them.


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

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


Key Information

  • Name: Shandong Fiberglass Group Co., Ltd
  • Ticker: 605006
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥6.660b
  • Shares outstanding: 600.00m
  • Website: https://www.glasstex.cn

Number of Employees


Location

  • Shandong Fiberglass Group Co., Ltd
  • Yishui Economic Development Zone
  • Linyi
  • Shandong Province
  • 276400
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.