company background image
2043

DeHua TB New Decoration MaterialLtd SZSE:002043 Stock Report

Last Price

CN¥11.60

Market Cap

CN¥8.8b

7D

10.8%

1Y

17.4%

Updated

03 Jul, 2022

Data

Company Financials +
2043 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends5/6

2043 Stock Overview

DeHua TB New Decoration Material Co.,Ltd manufactures and sells interior decoration materials in China and internationally.

DeHua TB New Decoration MaterialLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DeHua TB New Decoration MaterialLtd
Historical stock prices
Current Share PriceCN¥11.60
52 Week HighCN¥13.31
52 Week LowCN¥8.37
Beta0.46
1 Month Change16.00%
3 Month Change13.73%
1 Year Change17.41%
3 Year Change86.80%
5 Year Change-22.30%
Change since IPO771.45%

Recent News & Updates

Shareholder Returns

2043CN ForestryCN Market
7D10.8%4.3%1.3%
1Y17.4%-1.6%-6.8%

Return vs Industry: 002043 exceeded the CN Forestry industry which returned -1.6% over the past year.

Return vs Market: 002043 exceeded the CN Market which returned -6.8% over the past year.

Price Volatility

Is 2043's price volatile compared to industry and market?
2043 volatility
2043 Average Weekly Movement6.9%
Forestry Industry Average Movement5.8%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.0%

Stable Share Price: 002043 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 002043's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19924,158Lihua Luhttps://www.tubaobao.com

DeHua TB New Decoration Material Co.,Ltd manufactures and sells interior decoration materials in China and internationally. It offers veneer core, MDF composite core, particleboard core, and MDF core products; wood flooring; and engineered wood products. The company was founded in 1993 and is based in Deqing, China.

DeHua TB New Decoration MaterialLtd Fundamentals Summary

How do DeHua TB New Decoration MaterialLtd's earnings and revenue compare to its market cap?
2043 fundamental statistics
Market CapCN¥8.84b
Earnings (TTM)CN¥703.68m
Revenue (TTM)CN¥9.69b

12.6x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2043 income statement (TTM)
RevenueCN¥9.69b
Cost of RevenueCN¥7.97b
Gross ProfitCN¥1.72b
Other ExpensesCN¥1.02b
EarningsCN¥703.68m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.92
Gross Margin17.75%
Net Profit Margin7.27%
Debt/Equity Ratio45.3%

How did 2043 perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

47%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2043 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 2043?

Other financial metrics that can be useful for relative valuation.

2043 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/Revenue1x
Enterprise Value/EBITDA11.2x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does 2043's PE Ratio compare to its peers?

2043 PE Ratio vs Peers
The above table shows the PE ratio for 2043 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average100.4x
600189 Jilin Forest Industry
43.1xn/aCN¥4.7b
601996 Guangxi Fenglin Wood Industry GroupLtd
18.3x18.6%CN¥3.3b
002679 Fujian Jinsen ForestryLtd
201.7xn/aCN¥2.6b
600321 Rightway Holdingsltd
138.5xn/aCN¥3.2b
002043 DeHua TB New Decoration MaterialLtd
12.6x14.8%CN¥8.8b

Price-To-Earnings vs Peers: 002043 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (100.4x).


Price to Earnings Ratio vs Industry

How does 2043's PE Ratio compare vs other companies in the CN Forestry Industry?

Price-To-Earnings vs Industry: 002043 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the CN Forestry industry average (24x)


Price to Earnings Ratio vs Fair Ratio

What is 2043'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.

2043 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio16.9x

Price-To-Earnings vs Fair Ratio: 002043 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.9x).


Share Price vs Fair Value

What is the Fair Price of 2043 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002043 (CN¥11.6) is trading below our estimate of fair value (CN¥30.91)

Significantly Below Fair Value: 002043 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 002043 is good value based on its PEG Ratio (0.8x)


Discover undervalued companies

Future Growth

How is DeHua TB New Decoration MaterialLtd forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002043's forecast earnings growth (14.8% per year) is above the savings rate (3.2%).

Earnings vs Market: 002043's earnings (14.8% per year) are forecast to grow slower than the CN market (23.9% per year).

High Growth Earnings: 002043's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002043's revenue (18.9% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 002043's revenue (18.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002043's Return on Equity is forecast to be high in 3 years time (25.8%)


Discover growth companies

Past Performance

How has DeHua TB New Decoration MaterialLtd 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


17.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002043 has high quality earnings.

Growing Profit Margin: 002043's current net profit margins (7.3%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: 002043's earnings have grown by 17% per year over the past 5 years.

Accelerating Growth: 002043's earnings growth over the past year (31.8%) exceeds its 5-year average (17% per year).

Earnings vs Industry: 002043 earnings growth over the past year (31.8%) exceeded the Forestry industry -5.7%.


Return on Equity

High ROE: 002043's Return on Equity (30.8%) is considered high.


Discover strong past performing companies

Financial Health

How is DeHua TB New Decoration MaterialLtd'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: 002043's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥3.0B).

Long Term Liabilities: 002043's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥173.0M).


Debt to Equity History and Analysis

Debt Level: 002043's net debt to equity ratio (31.5%) is considered satisfactory.

Reducing Debt: 002043's debt to equity ratio has increased from 3.3% to 45.3% over the past 5 years.

Debt Coverage: 002043's debt is well covered by operating cash flow (70.1%).

Interest Coverage: 002043 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is DeHua TB New Decoration MaterialLtd 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


4.05%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002043's dividend (4.05%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 002043's dividend (4.05%) is in the top 25% of dividend payers in the CN market (1.92%)


Stability and Growth of Payments

Stable Dividend: 002043's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002043's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.5%), 002043's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (61.1%), 002043's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.2yrs

Average board tenure


CEO

Lihua Lu (56 yo)

no data

Tenure

Mr. Lihua Lu serves as a Vice Chairman and General Manager at DeHua TB New Decoration Material Co.,Ltd. Mr. Lu serves as General Manager for Operations at Dehua Tubaobao Decorative Materials Co., Ltd. He s...


Board Members

Experienced Board: 002043's board of directors are not considered experienced ( 2.2 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

DeHua TB New Decoration Material Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: DeHua TB New Decoration Material Co.,Ltd
  • Ticker: 2043
  • Exchange: SZSE
  • Founded: 1992
  • Industry: Forest Products
  • Sector: Materials
  • Implied Market Cap: CN¥8.835b
  • Shares outstanding: 761.66m
  • Website: https://www.tubaobao.com

Number of Employees


Location

  • DeHua TB New Decoration Material Co.,Ltd
  • No. 588, Linxi Street
  • Fuxi Street
  • Deqing
  • Zhejiang Province
  • 313200
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 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.