SZSE:002493

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Rongsheng Petrochemical

Market Cap

CN¥166.0b

Last Updated

2021/06/24 15:33 UTC

Data Sources

Company Financials +

Executive Summary

Rongsheng Petrochemical Co., Ltd. produces, markets, and sells petrochemicals, chemical fibers, and other related products in China and internationally. More Details


Snowflake Analysis

Proven track record average dividend payer.

Share Price & News

How has Rongsheng Petrochemical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002493 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 002493's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.9%

2493

3.7%

CN Chemicals

2.5%

CN Market


1 Year Return

105.2%

2493

55.4%

CN Chemicals

21.9%

CN Market

Return vs Industry: 002493 exceeded the CN Chemicals industry which returned 55.4% over the past year.

Return vs Market: 002493 exceeded the CN Market which returned 21.9% over the past year.


Shareholder returns

2493IndustryMarket
7 Day0.9%3.7%2.5%
30 Day-10.0%6.2%1.6%
90 Day-11.0%14.7%8.1%
1 Year106.4%105.2%57.0%55.4%23.4%21.9%
3 Year147.5%141.5%65.5%58.0%55.5%48.1%
5 Year375.5%356.4%47.9%39.2%32.3%23.8%

Long-Term Price Volatility Vs. Market

How volatile is Rongsheng Petrochemical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Rongsheng Petrochemical undervalued compared to its fair value and its price relative to the market?

18.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002493 (CN¥16.39) is trading above our estimate of fair value (CN¥15.15)

Significantly Below Fair Value: 002493 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002493 is good value based on its PE Ratio (18.3x) compared to the CN Chemicals industry average (29x).

PE vs Market: 002493 is good value based on its PE Ratio (18.3x) compared to the CN market (32.6x).


Price to Earnings Growth Ratio

PEG Ratio: 002493 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 002493 is overvalued based on its PB Ratio (4.2x) compared to the CN Chemicals industry average (2.9x).


Future Growth

How is Rongsheng Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

19.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002493's forecast earnings growth (19.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 002493's earnings (19.9% per year) are forecast to grow slower than the CN market (21.5% per year).

High Growth Earnings: 002493's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002493's revenue (14.7% per year) is forecast to grow slower than the CN market (17.4% per year).

High Growth Revenue: 002493's revenue (14.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002493's Return on Equity is forecast to be high in 3 years time (24.4%)


Past Performance

How has Rongsheng Petrochemical performed over the past 5 years?

35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002493 has a high level of non-cash earnings.

Growing Profit Margin: 002493's current net profit margins (7.2%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: 002493's earnings have grown significantly by 35.7% per year over the past 5 years.

Accelerating Growth: 002493's earnings growth over the past year (207.8%) exceeds its 5-year average (35.7% per year).

Earnings vs Industry: 002493 earnings growth over the past year (207.8%) exceeded the Chemicals industry 41.4%.


Return on Equity

High ROE: Whilst 002493's Return on Equity (21.18%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Rongsheng Petrochemical's financial position?


Financial Position Analysis

Short Term Liabilities: 002493's short term assets (CN¥82.3B) do not cover its short term liabilities (CN¥109.7B).

Long Term Liabilities: 002493's short term assets (CN¥82.3B) do not cover its long term liabilities (CN¥96.6B).


Debt to Equity History and Analysis

Debt Level: 002493's debt to equity ratio (203.2%) is considered high.

Reducing Debt: 002493's debt to equity ratio has increased from 133.2% to 203.2% over the past 5 years.

Debt Coverage: 002493's debt is not well covered by operating cash flow (16.1%).

Interest Coverage: 002493's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Dividend

What is Rongsheng Petrochemical current dividend yield, its reliability and sustainability?

0.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002493's dividend (0.61%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 002493's dividend (0.61%) is low compared to the top 25% of dividend payers in the CN market (1.8%).


Stability and Growth of Payments

Stable Dividend: 002493's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002493's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.2%), 002493's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 002493's dividends in 3 years are forecast to be well covered by earnings (20.9% payout ratio).


Next Steps

Management

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


CEO

Rongsheng Petrochemical 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 been diluted in the past year, with total shares outstanding growing by 7.3%.


Top Shareholders

Company Information

Rongsheng Petrochemical Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rongsheng Petrochemical Co., Ltd.
  • Ticker: 2493
  • Exchange: SZSE
  • Founded: 1995
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: CN¥165.957b
  • Shares outstanding: 10.13b
  • Website: https://www.cnrspc.com

Number of Employees


Location

  • Rongsheng Petrochemical Co., Ltd.
  • No. 98 Hongyang Road
  • Yinong Town
  • Hangzhou
  • Zhejiang Province
  • 311247
  • China

Listings


Biography

Rongsheng Petrochemical Co., Ltd. produces, markets, and sells petrochemicals, chemical fibers, and other related products in China and internationally. It offers synthetic fibers and films, including fibe...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 15:33
End of Day Share Price2021/06/24 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.