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2709

Guangzhou Tinci Materials Technology XSEC:002709 Stock Report

Last Price

CN¥55.31

Market Cap

CN¥105.8b

7D

-6.4%

1Y

5.5%

Updated

24 Jul, 2022

Data

Company Financials +
2709 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends1/6

2709 Stock Overview

Guangzhou Tinci Materials Technology Co., Ltd.

Guangzhou Tinci Materials Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Guangzhou Tinci Materials Technology
Historical stock prices
Current Share PriceCN¥55.31
52 Week HighCN¥85.26
52 Week LowCN¥32.69
Beta1.4
1 Month Change-12.05%
3 Month Change60.41%
1 Year Change5.45%
3 Year Change1,032.86%
5 Year Change520.90%
Change since IPO518.47%

Recent News & Updates

Shareholder Returns

2709CN ChemicalsCN Market
7D-6.4%0.2%1.3%
1Y5.5%-8.1%-11.2%

Return vs Industry: 002709 exceeded the CN Chemicals industry which returned -8.1% over the past year.

Return vs Market: 002709 exceeded the CN Market which returned -11.2% over the past year.

Price Volatility

Is 2709's price volatile compared to industry and market?
2709 volatility
2709 Average Weekly Movement8.4%
Chemicals Industry Average Movement6.7%
Market Average Movement6.5%
10% most volatile stocks in CN Market9.6%
10% least volatile stocks in CN Market4.4%

Stable Share Price: 002709 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 002709's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
20004,020Jinfu Xuhttps://www.tinci.com

Guangzhou Tinci Materials Technology Co., Ltd. engages in the research, development, and sale of lithium-ion battery materials in China. It offers daily chemical products, including carbomer, mild surfactant, functional polymer, silicone elastomer blend, silicone, natural methyl glucoside derivative, chelating agent, anti-dandruff agent, emulsifier, UV filter, suspending stabilizer, cationic conditioner, and household care products.

Guangzhou Tinci Materials Technology Fundamentals Summary

How do Guangzhou Tinci Materials Technology's earnings and revenue compare to its market cap?
2709 fundamental statistics
Market CapCN¥105.85b
Earnings (TTM)CN¥3.42b
Revenue (TTM)CN¥14.68b

31.0x

P/E Ratio

7.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2709 income statement (TTM)
RevenueCN¥14.68b
Cost of RevenueCN¥9.09b
Gross ProfitCN¥5.59b
Other ExpensesCN¥2.17b
EarningsCN¥3.42b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.79
Gross Margin38.10%
Net Profit Margin23.30%
Debt/Equity Ratio10.2%

How did 2709 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

14%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2709 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2709?

Other financial metrics that can be useful for relative valuation.

2709 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/Revenue7.1x
Enterprise Value/EBITDA21.5x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does 2709's PE Ratio compare to its peers?

2709 PE Ratio vs Peers
The above table shows the PE ratio for 2709 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.9x
300769 Shenzhen Dynanonic
42x26.4%CN¥63.4b
000301 Jiangsu Eastern Shenghong
28.5x40.1%CN¥106.6b
300390 Suzhou TA&A ultra clean technologyLtd
20.2x30.8%CN¥46.0b
600346 Hengli PetrochemicalLtd
9.1x22.0%CN¥142.5b
002709 Guangzhou Tinci Materials Technology
31x19.1%CN¥105.8b

Price-To-Earnings vs Peers: 002709 is expensive based on its Price-To-Earnings Ratio (31x) compared to the peer average (24.9x).


Price to Earnings Ratio vs Industry

How does 2709's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 002709 is expensive based on its Price-To-Earnings Ratio (31x) compared to the CN Chemicals industry average (28.4x)


Price to Earnings Ratio vs Fair Ratio

What is 2709'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.

2709 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31x
Fair PE Ratio23.4x

Price-To-Earnings vs Fair Ratio: 002709 is expensive based on its Price-To-Earnings Ratio (31x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).


Share Price vs Fair Value

What is the Fair Price of 2709 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002709 (CN¥55.31) is trading above our estimate of fair value (CN¥11.5)

Significantly Below Fair Value: 002709 is trading above our estimate of fair value.


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 more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Guangzhou Tinci Materials Technology forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002709's forecast earnings growth (19.1% per year) is above the savings rate (3.2%).

Earnings vs Market: 002709's earnings (19.1% per year) are forecast to grow slower than the CN market (24.4% per year).

High Growth Earnings: 002709's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002709's revenue (23.5% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 002709's revenue (23.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002709's Return on Equity is forecast to be high in 3 years time (36.2%)


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Past Performance

How has Guangzhou Tinci Materials Technology performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


47.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002709 has a high level of non-cash earnings.

Growing Profit Margin: 002709's current net profit margins (23.3%) are higher than last year (15.1%).


Past Earnings Growth Analysis

Earnings Trend: 002709's earnings have grown significantly by 47.2% per year over the past 5 years.

Accelerating Growth: 002709's earnings growth over the past year (339.4%) exceeds its 5-year average (47.2% per year).

Earnings vs Industry: 002709 earnings growth over the past year (339.4%) exceeded the Chemicals industry 22.3%.


Return on Equity

High ROE: 002709's Return on Equity (39.8%) is considered high.


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Financial Health

How is Guangzhou Tinci Materials Technology's financial position?

Financial Health Score

5/6

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: 002709's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥7.0B).

Long Term Liabilities: 002709's short term assets (CN¥11.1B) exceed its long term liabilities (CN¥390.7M).


Debt to Equity History and Analysis

Debt Level: 002709 has more cash than its total debt.

Reducing Debt: 002709's debt to equity ratio has increased from 4.7% to 10.2% over the past 5 years.

Debt Coverage: 002709's debt is well covered by operating cash flow (265%).

Interest Coverage: 002709's interest payments on its debt are well covered by EBIT (351.5x coverage).


Balance Sheet


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Dividend

What is Guangzhou Tinci Materials Technology current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.45%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002709's dividend (0.45%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 002709's dividend (0.45%) is low compared to the top 25% of dividend payers in the CN market (1.92%).


Stability and Growth of Payments

Stable Dividend: 002709 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002709's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.8%), 002709's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (105.8%), 002709's dividend payments are not well covered by cash flows.


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Management

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

2.2yrs

Average board tenure


CEO

Jinfu Xu (58 yo)

no data

Tenure

CN¥3,019,500

Compensation

Mr. Jinfu Xu, B.Sc, M.Sc serves as a Non-Independent Director of Guangzhou Tinci Materials Technology Co., Ltd. and serves its General Manager. Mr. Xu Co-Founded Tinci Holdings Limited in 2001 and has been...


Board Members

Experienced Board: 002709's board of directors are not considered experienced ( 2.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Guangzhou Tinci Materials Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Guangzhou Tinci Materials Technology Co., Ltd.
  • Ticker: 2709
  • Exchange: XSEC
  • Founded: 2000
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥105.850b
  • Shares outstanding: 1.91b
  • Website: https://www.tinci.com

Number of Employees


Location

  • Guangzhou Tinci Materials Technology Co., Ltd.
  • Yunpu Industrial Zone
  • No.8 Kangda Road
  • Guangzhou
  • Guangdong Province
  • 510760
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/24 00:00
End of Day Share Price2022/07/22 00:00
Earnings2022/03/31
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.