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Shanghai Pret Composites

Market Cap

CN¥14.7b

Last Updated

2021/05/06 09:24 UTC

Data Sources

Company Financials +

Executive Summary

Shanghai PRET Composites Co., Ltd. researches, develops, produces, and sells modified plastic products primarily for automobiles in China. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Shanghai Pret Composites's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002324 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 002324's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

2324

-0.6%

CN Chemicals

-0.2%

CN Market


1 Year Return

29.2%

2324

53.9%

CN Chemicals

25.8%

CN Market

Return vs Industry: 002324 underperformed the CN Chemicals industry which returned 53.9% over the past year.

Return vs Market: 002324 exceeded the CN Market which returned 25.8% over the past year.


Shareholder returns

2324IndustryMarket
7 Day0.6%-0.6%-0.2%
30 Day0.6%2.3%0.6%
90 Day-0.8%-4.5%-2.2%
1 Year29.2%29.2%56.4%53.9%27.7%25.8%
3 Year148.3%142.1%27.4%22.1%28.7%22.6%
5 Year123.8%116.7%51.7%43.0%39.4%30.1%

Long-Term Price Volatility Vs. Market

How volatile is Shanghai Pret Composites's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shanghai Pret Composites undervalued compared to its fair value and its price relative to the market?

18.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 002324 (CN¥17.5) is trading below our estimate of fair value (CN¥21.55)

Significantly Below Fair Value: 002324 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 002324 is poor value based on its PE Ratio (35.3x) compared to the CN Chemicals industry average (28.1x).

PE vs Market: 002324 is poor value based on its PE Ratio (35.3x) compared to the CN market (30.4x).


Price to Earnings Growth Ratio

PEG Ratio: 002324 is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: 002324 is overvalued based on its PB Ratio (5.3x) compared to the CN Chemicals industry average (2.6x).


Future Growth

How is Shanghai Pret Composites forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002324's forecast earnings growth (11.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 002324's earnings (11.6% per year) are forecast to grow slower than the CN market (21.2% per year).

High Growth Earnings: 002324's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002324's revenue (7.4% per year) is forecast to grow slower than the CN market (17% per year).

High Growth Revenue: 002324's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 002324's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Shanghai Pret Composites performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002324 has high quality earnings.

Growing Profit Margin: 002324's current net profit margins (8.7%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: 002324's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: 002324's earnings growth over the past year (116.8%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: 002324 earnings growth over the past year (116.8%) exceeded the Chemicals industry 33.5%.


Return on Equity

High ROE: 002324's Return on Equity (15.2%) is considered low.


Financial Health

How is Shanghai Pret Composites's financial position?


Financial Position Analysis

Short Term Liabilities: 002324's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.6B).

Long Term Liabilities: 002324's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥49.0M).


Debt to Equity History and Analysis

Debt Level: 002324's debt to equity ratio (37.6%) is considered satisfactory.

Reducing Debt: 002324's debt to equity ratio has reduced from 38% to 37.6% over the past 5 years.

Debt Coverage: 002324's debt is well covered by operating cash flow (58.2%).

Interest Coverage: 002324's interest payments on its debt are well covered by EBIT (17.2x coverage).


Balance Sheet


Dividend

What is Shanghai Pret Composites's current dividend yield, its reliability and sustainability?

0.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002324's dividend (0.29%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.46%).

High Dividend: 002324's dividend (0.29%) is low compared to the top 25% of dividend payers in the CN market (1.86%).


Stability and Growth of Payments

Stable Dividend: 002324's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002324's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.1%), 002324's dividend payments are thoroughly 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?

12.6yrs

Average management tenure


CEO

Wen Zhou

21.58yrs

Tenure

CN¥744,900

Compensation

Mr. Wen Zhou serves as the Chairman at Shanghai Pret Composites Co., Ltd. Mr. Zhou has been General Manager at Shanghai Pret Composites Co. since October 1999.


Leadership Team

Experienced Management: 002324's management team is seasoned and experienced (12.6 years average tenure).


Board Members

Experienced Board: 002324's board of directors are not considered experienced ( 1.8 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 Pret Composites Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Pret Composites Co., Ltd.
  • Ticker: 2324
  • Exchange: SZSE
  • Founded: 1993
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: CN¥14.662b
  • Shares outstanding: 845.05m
  • Website: https://www.pret.com.cn

Number of Employees


Location

  • Shanghai Pret Composites Co., Ltd.
  • QingpuIndustrial Zone
  • No. 558 Xinye Road
  • Shanghai
  • 201707
  • China

Listings


Biography

Shanghai PRET Composites Co., Ltd. researches, develops, produces, and sells modified plastic products primarily for automobiles in China. The company offers toughened, reinforced, and filling modified pol...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 09:24
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
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.