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408

Zangge HoldingSZSE:000408 Stock Report

Market Cap

CN¥56.7b

7D

-7.4%

1Y

302.2%

Updated

24 Sep, 2021

Data

Company Financials +
408 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

408 Overview

Zangge Holding Company Limited produces and sells potassium chloride under the Blue Sky brand in China.

Price History & Performance

Summary of all time highs, changes and price drops for Zangge Holding
Historical stock prices
Current Share PriceCN¥28.80
52 Week HighCN¥6.49
52 Week LowCN¥35.55
Beta0.50
1 Month Change-6.40%
3 Month Change39.06%
1 Year Change302.24%
3 Year Change137.04%
5 Year Change81.70%
Change since IPO74.23%

Recent News & Updates

Shareholder Returns

408CN ChemicalsCN Market
7D-7.4%-5.2%-0.2%
1Y302.2%72.4%12.9%

Return vs Industry: 000408 exceeded the CN Chemicals industry which returned 78% over the past year.

Return vs Market: 000408 exceeded the CN Market which returned 13.7% over the past year.

Price Volatility

Is 408's price volatile compared to industry and market?
408 volatility
408 Beta0.50
Industry Beta0.77
Market Beta1

Stable Share Price: 000408 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 000408's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19961,603Yao Xiaohttps://www.zanggegf.com

Zangge Holding Company Limited produces and sells potassium chloride under the Blue Sky brand in China. It also produces magnesium chloride under the Airline brand. The company was founded in 1996 and is based in Golmud City, China.

Zangge Holding Fundamentals Summary

How do Zangge Holding's earnings and revenue compare to its market cap?
408 fundamental statistics
Market CapCN¥56.66b
Earnings (TTM)CN¥816.21m
Revenue (TTM)CN¥2.12b

69.4x

P/E Ratio

26.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
408 income statement (TTM)
RevenueCN¥2.12b
Cost of RevenueCN¥1.39b
Gross ProfitCN¥723.49m
Expenses-CN¥92.72m
EarningsCN¥816.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.41
Gross Margin34.19%
Net Profit Margin38.57%
Debt/Equity Ratio0.0%

How did 408 perform over the long term?

See historical performance and comparison

Valuation

Is Zangge Holding undervalued compared to its fair value and its price relative to the market?

69.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 000408 (CN¥28.8) is trading above our estimate of fair value (CN¥0.5)

Significantly Below Fair Value: 000408 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 000408 is poor value based on its PE Ratio (69.4x) compared to the CN Chemicals industry average (35.5x).

PE vs Market: 000408 is poor value based on its PE Ratio (69.4x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 000408's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 000408 is overvalued based on its PB Ratio (6.8x) compared to the CN Chemicals industry average (3.5x).


Future Growth

How is Zangge Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

26.2%

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 Zangge Holding 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.


Past Performance

How has Zangge Holding performed over the past 5 years?

-26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000408 has a large one-off gain of CN¥194.3M impacting its June 30 2021 financial results.

Growing Profit Margin: 000408 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 000408's earnings have declined by 26.6% per year over the past 5 years.

Accelerating Growth: 000408 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 000408 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (36.5%).


Return on Equity

High ROE: 000408's Return on Equity (9.8%) is considered low.


Financial Health

How is Zangge Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 000408's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥550.8M).

Long Term Liabilities: 000408's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥27.7M).


Debt to Equity History and Analysis

Debt Level: 000408 is debt free.

Reducing Debt: 000408 has no debt compared to 5 years ago when its debt to equity ratio was 21.6%.

Debt Coverage: 000408 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 000408 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Zangge Holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 000408's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 000408's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 000408's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 000408's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 000408 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 000408's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Yao Xiao (31 yo)

no data

Tenure

Mr. Yao Xiao serves as General Manager and serves as Non-Independent Director since August 16, 2019 at Zangge Holding Company Limited.


Board Members

Experienced Board: 000408's board of directors are not considered experienced ( 2.1 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

Zangge Holding Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Zangge Holding Company Limited
  • Ticker: 408
  • Exchange: SZSE
  • Founded: 1996
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: CN¥56.656b
  • Shares outstanding: 1.97b
  • Website: https://www.zanggegf.com

Number of Employees


Location

  • Zangge Holding Company Limited
  • No. 15-02, Kunlun South Road
  • Golmud City
  • Qinghai Province
  • 610041
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:42
End of Day Share Price2021/09/24 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.