Shanghai PRET Composites Co., Ltd. researches, develops, produces, and sells modified plastic products primarily for automobiles in China. More Details
No risks detected for 2324 from our risk checks.
Flawless balance sheet with solid track record.
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.
7 Day Return
1 Year Return
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.
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
Is Shanghai Pret Composites undervalued compared to its fair value and its price relative to the market?
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).
How is Shanghai Pret Composites forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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
How has Shanghai Pret Composites performed over the past 5 years?
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.
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).
What is Shanghai Pret Composites's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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.
Experienced Management: 002324's management team is seasoned and experienced (12.6 years average tenure).
Experienced Board: 002324's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Shanghai Pret Composites Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- Shanghai Pret Composites Co., Ltd.
- QingpuIndustrial Zone
- No. 558 Xinye Road
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 09:24|
|End of Day Share Price||2021/05/06 00:00|
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.