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
Rewards
Risk Analysis
+ 1 more risk
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
| 2648 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -1.5% | -0.8% |
| 30 Day | -9.1% | -4.3% | -0.08% |
| 90 Day | 28.8% | -0.9% | -5.3% |
| 1 Year | 169.6%166.1% | 50.6%48.4% | 27.0%25.0% |
| 3 Year | 181.0%176.0% | 26.6%21.3% | 29.1%22.8% |
| 5 Year | 318.2%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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/17 09:20 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| 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.