2493 Stock Overview
Rongsheng Petrochemical Co., Ltd. produces, markets, and sells petrochemicals, chemical fibers, and other related products.
Rongsheng Petrochemical Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥16.40|
|52 Week High||CN¥23.33|
|52 Week Low||CN¥12.18|
|1 Month Change||12.95%|
|3 Month Change||15.01%|
|1 Year Change||-18.93%|
|3 Year Change||125.69%|
|5 Year Change||271.23%|
|Change since IPO||250.04%|
Recent News & Updates
|2493||CN Chemicals||CN Market|
Return vs Industry: 002493 underperformed the CN Chemicals industry which returned -9.4% over the past year.
Return vs Market: 002493 underperformed the CN Market which returned -10.1% over the past year.
|2493 Average Weekly Movement||5.3%|
|Chemicals Industry Average Movement||6.2%|
|Market Average Movement||6.0%|
|10% most volatile stocks in CN Market||9.1%|
|10% least volatile stocks in CN Market||3.9%|
Stable Share Price: 002493 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 002493's weekly volatility (5%) has been stable over the past year.
About the Company
|1995||19,331||Jiong Jiong Xiang||https://www.cnrspc.com|
Rongsheng Petrochemical Co., Ltd. produces, markets, and sells petrochemicals, chemical fibers, and other related products. It offers synthetic fibers and films; olefins and downstream; aromatics and downstream; gasoline, diesel, and kerosene; purified terephthalic acid; polyester chips; polyester bottle flakes; polyester pre-oriented yarns; polyester fully drawn yarns; and polyester textured yarns. The company also provides polystyrene resin, ABS resin, SAN resin, styrene butadiene rubber, ion exchange resin, unsaturated resin, styrene thermoplastic elastomer, methyl methacrylate, and purified terephthalic acids; synthetic resins, such as low density polyethylene, linear low density polyethylene, high density polyethylene, and polypropylene; and polycarbonate, xylene, ethylene, methyl methacrylate, bisphenol A, and acrylonitrile.
Rongsheng Petrochemical Fundamentals Summary
|2493 fundamental statistics|
Is 2493 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2493 income statement (TTM)|
|Cost of Revenue||CN¥158.98b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.32|
|Net Profit Margin||6.31%|
How did 2493 perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Is 2493 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2493?
Other financial metrics that can be useful for relative valuation.
|What is 2493's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2493's PE Ratio compare to its peers?
|2493 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
000301 Jiangsu Eastern Shenghong
600346 Hengli PetrochemicalLtd
002812 Yunnan Energy New Material
002648 Satellite ChemicalLtd
002493 Rongsheng Petrochemical
Price-To-Earnings vs Peers: 002493 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (29.6x).
Price to Earnings Ratio vs Industry
How does 2493's PE Ratio compare vs other companies in the CN Chemicals Industry?
Price-To-Earnings vs Industry: 002493 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the CN Chemicals industry average (30x)
Price to Earnings Ratio vs Fair Ratio
What is 2493'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.
|Current PE Ratio||12.5x|
|Fair PE Ratio||21.2x|
Price-To-Earnings vs Fair Ratio: 002493 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).
Share Price vs Fair Value
What is the Fair Price of 2493 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002493 (CN¥16.4) is trading below our estimate of fair value (CN¥28.54)
Significantly Below Fair Value: 002493 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Rongsheng Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002493's forecast earnings growth (11.9% per year) is above the savings rate (3.2%).
Earnings vs Market: 002493's earnings (11.9% per year) are forecast to grow slower than the CN market (24.5% per year).
High Growth Earnings: 002493's earnings are forecast to grow, but not significantly.
Revenue vs Market: 002493's revenue (5.9% per year) is forecast to grow slower than the CN market (17.7% per year).
High Growth Revenue: 002493's revenue (5.9% 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 (23.1%)
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How has Rongsheng Petrochemical performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002493 has high quality earnings.
Growing Profit Margin: 002493's current net profit margins (6.3%) are lower than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: 002493's earnings have grown significantly by 46.5% per year over the past 5 years.
Accelerating Growth: 002493's earnings growth over the past year (53%) exceeds its 5-year average (46.5% per year).
Earnings vs Industry: 002493 earnings growth over the past year (53%) exceeded the Chemicals industry 23.2%.
Return on Equity
High ROE: Whilst 002493's Return on Equity (24.44%) is high, this metric is skewed due to their high level of debt.
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How is Rongsheng Petrochemical's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 002493's short term assets (CN¥98.3B) do not cover its short term liabilities (CN¥135.2B).
Long Term Liabilities: 002493's short term assets (CN¥98.3B) do not cover its long term liabilities (CN¥113.4B).
Debt to Equity History and Analysis
Debt Level: 002493's net debt to equity ratio (133.8%) is considered high.
Reducing Debt: 002493's debt to equity ratio has increased from 129.2% to 161.4% over the past 5 years.
Debt Coverage: 002493's debt is well covered by operating cash flow (28.8%).
Interest Coverage: 002493's interest payments on its debt are well covered by EBIT (14.2x coverage).
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What is Rongsheng Petrochemical current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002493's dividend (0.91%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).
High Dividend: 002493's dividend (0.91%) is low compared to the top 25% of dividend payers in the CN market (1.88%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.4%), 002493's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002493 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Jiong Jiong Xiang (38 yo)
Mr. Jiong Jiong Xiang serves as General Manager at Rongsheng Petrochemical Co., Ltd. and also served as its Secretary of the Board of Directors. Mr. Xiang serves as an Assistant to the Chairman of Rongshen...
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.
Rongsheng Petrochemical Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Rongsheng Petrochemical Co., Ltd.
- Ticker: 2493
- Exchange: SZSE
- Founded: 1995
- Industry: Commodity Chemicals
- Sector: Materials
- Implied Market Cap: CN¥166.059b
- Shares outstanding: 10.13b
- Website: https://www.cnrspc.com
Number of Employees
- Rongsheng Petrochemical Co., Ltd.
- Rongsheng Holding Group Buildin
- Yinong Town
- Zhejiang Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 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.