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Satellite ChemicalLtd SZSE:002648 Stock Report

Last Price


Market Cap







01 Jul, 2022


Company Financials +
2648 fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance6/6
Financial Health5/6

2648 Stock Overview

Satellite Chemical Co.,Ltd. produces and sells acrylic acid and ester, polymer emulsions, and functional polymer materials in China.

Satellite ChemicalLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Satellite ChemicalLtd
Historical stock prices
Current Share PriceCN¥26.00
52 Week HighCN¥34.79
52 Week LowCN¥22.94
1 Month Change-5.85%
3 Month Change-9.95%
1 Year Change-5.26%
3 Year Change235.51%
5 Year Change209.99%
Change since IPO471.46%

Recent News & Updates

Shareholder Returns

2648CN ChemicalsCN Market

Return vs Industry: 002648 underperformed the CN Chemicals industry which returned 7.8% over the past year.

Return vs Market: 002648 exceeded the CN Market which returned -8.1% over the past year.

Price Volatility

Is 2648's price volatile compared to industry and market?
2648 volatility
2648 Average Weekly Movement5.5%
Chemicals Industry Average Movement7.4%
Market Average Movement7.3%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 002648 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 002648's weekly volatility (6%) has been stable over the past year.

About the Company

20103,271Wei Dong Yang

Satellite Chemical Co.,Ltd. produces and sells acrylic acid and ester, polymer emulsions, and functional polymer materials in China. The company also provides ethylene oxide and glycol, high-density polyethylene, and polycarboxylic monomer.

Satellite ChemicalLtd Fundamentals Summary

How do Satellite ChemicalLtd's earnings and revenue compare to its market cap?
2648 fundamental statistics
Market CapCN¥62.45b
Earnings (TTM)CN¥6.76b
Revenue (TTM)CN¥33.07b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2648 income statement (TTM)
Cost of RevenueCN¥22.83b
Gross ProfitCN¥10.24b
Other ExpensesCN¥3.47b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)2.81
Gross Margin30.95%
Net Profit Margin20.44%
Debt/Equity Ratio79.8%

How did 2648 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 2648 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2648?

Other financial metrics that can be useful for relative valuation.

2648 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA7.9x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 2648's PE Ratio compare to its peers?

2648 PE Ratio vs Peers
The above table shows the PE ratio for 2648 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.3x
601216 Inner Mongolia Junzheng Energy & Chemical GroupLtd
002601 LB Group
300568 Shenzhen Senior Technology Material
000301 Jiangsu Eastern Shenghong
002648 Satellite ChemicalLtd

Price-To-Earnings vs Peers: 002648 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does 2648's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 002648 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the CN Chemicals industry average (27.9x)

Price to Earnings Ratio vs Fair Ratio

What is 2648'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.

2648 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: 002648 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

Share Price vs Fair Value

What is the Fair Price of 2648 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002648 (CN¥26) is trading below our estimate of fair value (CN¥111.53)

Significantly Below Fair Value: 002648 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: 002648 is good value based on its PEG Ratio (0.5x)

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Future Growth

How is Satellite ChemicalLtd forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002648's forecast earnings growth (19.5% per year) is above the savings rate (3.2%).

Earnings vs Market: 002648's earnings (19.5% per year) are forecast to grow slower than the CN market (23.9% per year).

High Growth Earnings: 002648's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002648's revenue (18.8% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 002648's revenue (18.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002648's Return on Equity is forecast to be high in 3 years time (28.7%)

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Past Performance

How has Satellite ChemicalLtd performed over the past 5 years?

Past Performance Score


Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002648 has high quality earnings.

Growing Profit Margin: 002648's current net profit margins (20.4%) are higher than last year (18.7%).

Past Earnings Growth Analysis

Earnings Trend: 002648's earnings have grown significantly by 47.7% per year over the past 5 years.

Accelerating Growth: 002648's earnings growth over the past year (183.2%) exceeds its 5-year average (47.7% per year).

Earnings vs Industry: 002648 earnings growth over the past year (183.2%) exceeded the Chemicals industry 22.2%.

Return on Equity

High ROE: 002648's Return on Equity (32.6%) is considered high.

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Financial Health

How is Satellite ChemicalLtd's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002648's short term assets (CN¥18.1B) exceed its short term liabilities (CN¥9.7B).

Long Term Liabilities: 002648's short term assets (CN¥18.1B) do not cover its long term liabilities (CN¥20.7B).

Debt to Equity History and Analysis

Debt Level: 002648's net debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: 002648's debt to equity ratio has reduced from 80.5% to 79.8% over the past 5 years.

Debt Coverage: 002648's debt is well covered by operating cash flow (32.3%).

Interest Coverage: 002648's interest payments on its debt are well covered by EBIT (18.7x coverage).

Balance Sheet

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What is Satellite ChemicalLtd current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002648's dividend (0.96%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 002648's dividend (0.96%) is low compared to the top 25% of dividend payers in the CN market (1.92%).

Stability and Growth of Payments

Stable Dividend: 002648's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002648's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.9%), 002648's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26%), 002648's dividend payments are well covered by cash flows.

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


CEO Compensation


Wei Dong Yang (54 yo)

no data




Mr. Wei Dong Yang serves as General Manager and Executive Director of Xingyuan Science and Technology Co., Ltd. Mr. Yang served as General manager of Zhejiang Satellite Acrylic Acid Co., Ltd. Mr. Yang serv...


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

Satellite Chemical Co.,Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: Satellite Chemical Co.,Ltd.
  • Ticker: 2648
  • Exchange: SZSE
  • Founded: 2010
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥62.450b
  • Shares outstanding: 2.40b
  • Website:

Number of Employees


  • Satellite Chemical Co.,Ltd.
  • No. 196 Fuqiang Road
  • Nanhu District
  • Jiaxing
  • Zhejiang Province
  • 314004
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2021/12/31

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.