SZSE:300285

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Shandong Sinocera Functional Material

Executive Summary

Shandong Sinocera Functional Material Co., Ltd. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Shandong Sinocera Functional Material's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 300285 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 300285's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-16.6%

300285

-7.2%

CN Chemicals

-6.5%

CN Market


1 Year Return

87.4%

300285

56.7%

CN Chemicals

26.9%

CN Market

Return vs Industry: 300285 exceeded the CN Chemicals industry which returned 56.7% over the past year.

Return vs Market: 300285 exceeded the CN Market which returned 26.9% over the past year.


Shareholder returns

300285IndustryMarket
7 Day-16.6%-7.2%-6.5%
30 Day-6.7%-1.3%-4.1%
90 Day16.2%13.1%2.9%
1 Year87.9%87.4%59.1%56.7%29.0%26.9%
3 Year270.0%266.6%30.7%25.3%28.5%22.1%
5 Year401.9%394.6%62.4%53.1%45.1%35.0%

Long-Term Price Volatility Vs. Market

How volatile is Shandong Sinocera Functional Material's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shandong Sinocera Functional Material undervalued compared to its fair value and its price relative to the market?

75.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 300285 (CN¥45.04) is trading above our estimate of fair value (CN¥23.08)

Significantly Below Fair Value: 300285 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 300285 is poor value based on its PE Ratio (75.6x) compared to the CN Chemicals industry average (36.4x).

PE vs Market: 300285 is poor value based on its PE Ratio (75.6x) compared to the CN market (34.1x).


Price to Earnings Growth Ratio

PEG Ratio: 300285 is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: 300285 is overvalued based on its PB Ratio (9.1x) compared to the CN Chemicals industry average (2.8x).


Next Steps

Future Growth

How is Shandong Sinocera Functional Material forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300285's forecast earnings growth (24.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 300285's earnings (24.1% per year) are forecast to grow slower than the CN market (24.8% per year).

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

Revenue vs Market: 300285's revenue (19.6% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 300285's revenue (19.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300285's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

Past Performance

How has Shandong Sinocera Functional Material performed over the past 5 years?

33.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 300285 has high quality earnings.

Growing Profit Margin: 300285's current net profit margins (22.6%) are lower than last year (23.2%).


Past Earnings Growth Analysis

Earnings Trend: 300285's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: 300285's earnings growth over the past year (14.7%) is below its 5-year average (33.4% per year).

Earnings vs Industry: 300285 earnings growth over the past year (14.7%) exceeded the Chemicals industry 3.6%.


Return on Equity

High ROE: 300285's Return on Equity (11.6%) is considered low.


Next Steps

Financial Health

How is Shandong Sinocera Functional Material's financial position?


Financial Position Analysis

Short Term Liabilities: 300285's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥547.7M).

Long Term Liabilities: 300285's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥108.1M).


Debt to Equity History and Analysis

Debt Level: 300285 is debt free.

Reducing Debt: 300285 has no debt compared to 5 years ago when its debt to equity ratio was 19%.

Debt Coverage: 300285 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 300285 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Shandong Sinocera Functional Material current dividend yield, its reliability and sustainability?

0.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 300285's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 300285's dividend (0.22%) is low compared to the top 25% of dividend payers in the CN market (1.8%).


Stability and Growth of Payments

Stable Dividend: 300285 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 300285's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.8%), 300285's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 300285's dividends in 3 years are forecast to be well covered by earnings (44.5% payout ratio).


Next Steps

Management

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

1.5yrs

Average board tenure


CEO

Bing Zhang

no data

Tenure

CN¥982,500

Compensation

Bing Zhang serves as General Manager at Shandong Sinocera Functional Material Co., Ltd and has been its Non-Independent Director since August 9, 2019.


Board Members

NamePositionTenureCompensationOwnership
Bing Zhang
GM & Non-Independent Directorno dataCN¥982.50k2.11%
CN¥ 953.0m
Xi Zhang
Chairmanno dataCN¥780.00k23.19%
CN¥ 10.5b
Jianmin Qin
Non-Independent Director1.5yrsCN¥60.00kno data
Bei Fu
Non-Independent Director1.5yrsCN¥60.00kno data
Liuqi Si
Non-Independent Director1.5yrsCN¥738.00kno data
Xibin Song
Non-Independent Director1.5yrsCN¥738.00k1.46%
CN¥ 659.2m
Lijun Sheng
Independent Director1.5yrsCN¥60.00kno data
Qingchi Sun
Independent Director1.5yrsCN¥60.00kno data
Xueli Wen
Independent Director1.5yrsno datano data
Changyun Wen
Non-Employee Supervisor1.5yrsCN¥60.00kno data
Yong Li
Directorno dataCN¥60.00kno data
Qun Gu
Independent directorno dataCN¥60.00kno data

1.5yrs

Average Tenure

Experienced Board: 300285's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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 4.2%.


Top Shareholders

Company Information

Shandong Sinocera Functional Material Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shandong Sinocera Functional Material Co., Ltd.
  • Ticker: 300285
  • Exchange: SZSE
  • Founded: 2005
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: CN¥45.212b
  • Shares outstanding: 1.00b
  • Website: https://www.sinocera.cn

Number of Employees


Location

  • Shandong Sinocera Functional Material Co., Ltd.
  • No. 24, Liaohe Road
  • Dongying District
  • Dongying
  • Shandong Province
  • 257091
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
300285SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJan 2012
300285XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJan 2012

Biography

Shandong Sinocera Functional Material Co., Ltd. engages in the manufacture and sale of ceramic products in the People’s Republic of China. The company’s products include electronic and structural ceramic m...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 09:21
End of Day Share Price2021/02/26 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.