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
Rewards
Risk Analysis
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
| 2493 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 3.7% | 2.5% |
| 30 Day | -10.0% | 6.2% | 1.6% |
| 90 Day | -11.0% | 14.7% | 8.1% |
| 1 Year | 106.4%105.2% | 57.0%55.4% | 23.4%21.9% |
| 3 Year | 147.5%141.5% | 65.5%58.0% | 55.5%48.1% |
| 5 Year | 375.5%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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/24 15:33 |
| End of Day Share Price | 2021/06/24 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.