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Zhejiang Satellite Petrochemical

Market Cap

CN¥40.5b

Last Updated

2021/04/17 09:20 UTC

Data Sources

Company Financials +

Executive Summary

Zhejiang Satellite Petrochemical Co., Ltd. More Details


Snowflake Analysis

Exceptional growth potential and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 002648 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 002648's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

-1.5%

2648

-1.5%

CN Chemicals

-0.8%

CN Market


1 Year Return

166.1%

2648

48.4%

CN Chemicals

25.0%

CN Market

Return vs Industry: 002648 exceeded the CN Chemicals industry which returned 48.4% over the past year.

Return vs Market: 002648 exceeded the CN Market which returned 25% over the past year.


Shareholder returns

2648IndustryMarket
7 Day-1.5%-1.5%-0.8%
30 Day-9.1%-4.3%-0.08%
90 Day28.8%-0.9%-5.3%
1 Year169.6%166.1%50.6%48.4%27.0%25.0%
3 Year181.0%176.0%26.6%21.3%29.1%22.8%
5 Year318.2%304.5%35.6%27.8%30.5%21.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

24.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002648 (CN¥37.09) is trading above our estimate of fair value (CN¥2.96)

Significantly Below Fair Value: 002648 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002648 is good value based on its PE Ratio (24.4x) compared to the CN Chemicals industry average (33.9x).

PE vs Market: 002648 is good value based on its PE Ratio (24.4x) compared to the CN market (33.6x).


Price to Earnings Growth Ratio

PEG Ratio: 002648 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 002648 is overvalued based on its PB Ratio (3.3x) compared to the CN Chemicals industry average (2.8x).


Future Growth

How is Zhejiang Satellite Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

36.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002648's forecast earnings growth (36.2% per year) is above the savings rate (3.3%).

Earnings vs Market: 002648's earnings (36.2% per year) are forecast to grow faster than the CN market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002648's revenue (33.6% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 002648's revenue (33.6% per year) is forecast to grow faster 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 (20.6%)


Past Performance

How has Zhejiang Satellite Petrochemical performed over the past 5 years?

40.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002648 has a high level of non-cash earnings.

Growing Profit Margin: 002648's current net profit margins (15.4%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: 002648 has become profitable over the past 5 years, growing earnings by 40.3% per year.

Accelerating Growth: 002648's earnings growth over the past year (30.7%) is below its 5-year average (40.3% per year).

Earnings vs Industry: 002648 earnings growth over the past year (30.7%) exceeded the Chemicals industry 13.8%.


Return on Equity

High ROE: 002648's Return on Equity (12.2%) is considered low.


Financial Health

How is Zhejiang Satellite Petrochemical's financial position?


Financial Position Analysis

Short Term Liabilities: 002648's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥9.2B).

Long Term Liabilities: 002648's short term assets (CN¥11.1B) exceed its long term liabilities (CN¥9.5B).


Debt to Equity History and Analysis

Debt Level: 002648's debt to equity ratio (89.4%) is considered high.

Reducing Debt: 002648's debt to equity ratio has increased from 77.8% to 89.4% over the past 5 years.

Debt Coverage: 002648's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002648's interest payments on its debt are well covered by EBIT (14.8x coverage).


Balance Sheet


Dividend

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

0.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002648's dividend (0.46%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).

High Dividend: 002648's dividend (0.46%) is low compared to the top 25% of dividend payers in the CN market (1.79%).


Stability and Growth of Payments

Stable Dividend: 002648 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002648 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.2%), 002648's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 002648's dividends in 3 years are forecast to be thoroughly covered by earnings (6.6% payout ratio).


Next Steps

Management

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

CN¥1m

CEO Compensation


CEO

Guo Lin Ma (55 yo)

no data

Tenure

CN¥1,230,300

Compensation

Mr. Guo Lin Ma serves as President and Director at Zhejiang Satellite Petrochemical Co., Ltd. Mr. Ma serves as General Manager and Director of Zhejiang Youlian Chemical Co., Ltd., Pinghu Petrochemical Co.,...


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 15.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Zhejiang Satellite Petrochemical Co., Ltd.
  • Ticker: 2648
  • Exchange: SZSE
  • Founded: 2010
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: CN¥40.530b
  • Shares outstanding: 1.23b
  • Website: https://www.satlpec.com

Number of Employees


Location

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

Listings


Biography

Zhejiang Satellite Petrochemical Co., Ltd. produces and sells polypropylene, acrylic, and ester products in China. It also provides acrylic acid, acrylate ester, methyl acrylate, ethyl acrylate, n-butyl ac...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 09:20
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
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.