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6009

Ningxia Baofeng Energy Group XSSC:600989 Stock Report

Last Price

CN¥13.83

Market Cap

CN¥101.2b

7D

4.4%

1Y

-22.0%

Updated

10 Aug, 2022

Data

Company Financials +
600989 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance5/6
Financial Health4/6
Dividends3/6

600989 Stock Overview

Ningxia Baofeng Energy Group Co., Ltd. produces, processes, and sells coal mining, washing, coking, coal tar, crude benzene, C4 deep-processed, methanol, and olefin products.

Ningxia Baofeng Energy Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ningxia Baofeng Energy Group
Historical stock prices
Current Share PriceCN¥13.83
52 Week HighCN¥19.69
52 Week LowCN¥11.98
Beta0.59
1 Month Change-0.43%
3 Month Change-0.43%
1 Year Change-22.04%
3 Year Change36.53%
5 Year Changen/a
Change since IPO34.53%

Recent News & Updates

Shareholder Returns

600989CN ChemicalsCN Market
7D4.4%5.0%3.3%
1Y-22.0%-7.9%-11.4%

Return vs Industry: 600989 underperformed the CN Chemicals industry which returned -7.9% over the past year.

Return vs Market: 600989 underperformed the CN Market which returned -11.4% over the past year.

Price Volatility

Is 600989's price volatile compared to industry and market?
600989 volatility
600989 Average Weekly Movement4.7%
Chemicals Industry Average Movement6.2%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 600989 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600989's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200514,211Yuanguan Liuhttps://www.baofengenergy.com

Ningxia Baofeng Energy Group Co., Ltd. produces, processes, and sells coal mining, washing, coking, coal tar, crude benzene, C4 deep-processed, methanol, and olefin products. Its products include polyethylene, polypropylene, coke, benzene, asphalt, and MTBE.

Ningxia Baofeng Energy Group Fundamentals Summary

How do Ningxia Baofeng Energy Group's earnings and revenue compare to its market cap?
600989 fundamental statistics
Market CapCN¥101.15b
Earnings (TTM)CN¥7.09b
Revenue (TTM)CN¥24.84b

14.3x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600989 income statement (TTM)
RevenueCN¥0
Cost of RevenueCN¥0
Gross ProfitCN¥0
Other ExpensesCN¥0
EarningsCN¥0

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.97
Gross Margin39.46%
Net Profit Margin28.54%
Debt/Equity Ratio24.7%

How did 600989 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 600989 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 600989?

Other financial metrics that can be useful for relative valuation.

600989 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/Revenue4.4x
Enterprise Value/EBITDA10.9x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 600989's PE Ratio compare to its peers?

600989 PE Ratio vs Peers
The above table shows the PE ratio for 600989 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.4x
600596 Zhejiang Xinan Chemical Industrial GroupLtd
6.3x1.2%CN¥22.8b
002597 Anhui Jinhe IndustrialLtd
17.6x11.9%CN¥24.8b
002581 Shandong Sinobioway Biomedicine
47.7xn/aCN¥11.8b
603659 Shanghai Putailai New Energy TechnologyLtd
41.9x28.9%CN¥99.4b
600989 Ningxia Baofeng Energy Group
14.3x33.9%CN¥101.2b

Price-To-Earnings vs Peers: 600989 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (28.4x).


Price to Earnings Ratio vs Industry

How does 600989's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 600989 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the CN Chemicals industry average (29.8x)


Price to Earnings Ratio vs Fair Ratio

What is 600989'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.

600989 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio33.4x

Price-To-Earnings vs Fair Ratio: 600989 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.4x).


Share Price vs Fair Value

What is the Fair Price of 600989 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600989 (CN¥13.83) is trading below our estimate of fair value (CN¥33.74)

Significantly Below Fair Value: 600989 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Ningxia Baofeng Energy Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600989's forecast earnings growth (33.9% per year) is above the savings rate (3.2%).

Earnings vs Market: 600989's earnings (33.9% per year) are forecast to grow faster than the CN market (24.6% per year).

High Growth Earnings: 600989's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600989's revenue (29.8% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 600989's revenue (29.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600989's Return on Equity is forecast to be high in 3 years time (25.3%)


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Past Performance

How has Ningxia Baofeng Energy Group 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


21.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600989 has high quality earnings.

Growing Profit Margin: 600989's current net profit margins (28.5%) are lower than last year (32%).


Past Earnings Growth Analysis

Earnings Trend: 600989's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: 600989's earnings growth over the past year (28.2%) exceeds its 5-year average (21% per year).

Earnings vs Industry: 600989 earnings growth over the past year (28.2%) exceeded the Chemicals industry 22.3%.


Return on Equity

High ROE: 600989's Return on Equity (21.9%) is considered high.


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Financial Health

How is Ningxia Baofeng Energy Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600989's short term assets (CN¥4.0B) do not cover its short term liabilities (CN¥7.4B).

Long Term Liabilities: 600989's short term assets (CN¥4.0B) do not cover its long term liabilities (CN¥6.9B).


Debt to Equity History and Analysis

Debt Level: 600989's net debt to equity ratio (20.1%) is considered satisfactory.

Reducing Debt: 600989's debt to equity ratio has reduced from 103.4% to 24.7% over the past 5 years.

Debt Coverage: 600989's debt is well covered by operating cash flow (77.3%).

Interest Coverage: 600989's interest payments on its debt are well covered by EBIT (81.5x coverage).


Balance Sheet


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Dividend

What is Ningxia Baofeng Energy Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600989's dividend (2.32%) is higher than the bottom 25% of dividend payers in the CN market (0.46%).

High Dividend: 600989's dividend (2.32%) is in the top 25% of dividend payers in the CN market (1.91%)


Stability and Growth of Payments

Stable Dividend: 600989 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 600989 has only been paying a dividend for 3 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.2%), 600989's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (2306.9%), 600989's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.9yrs

Average management tenure


CEO

Yuanguan Liu (55 yo)

no data

Tenure

CN¥3,787,300

Compensation

Mr. Yuanguan Liu has been an Executive Director of China Baofeng (International) Limited (formerly known as Mastercraft International Holdings Limited) since January 30, 2016. Mr. Liu serves as Chief Execu...


Leadership Team

Experienced Management: 600989's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: 600989's board of directors are considered experienced (5.3 years average tenure).


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

Ningxia Baofeng Energy Group Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ningxia Baofeng Energy Group Co., Ltd.
  • Ticker: 600989
  • Exchange: XSSC
  • Founded: 2005
  • Industry: Diversified Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥101.150b
  • Shares outstanding: 7.31b
  • Website: https://www.baofengenergy.com

Number of Employees


Location

  • Ningxia Baofeng Energy Group Co., Ltd.
  • Baofeng Energy Circular Economy Ind Park
  • Ningdong Energy Chemical Base
  • Yinchuan
  • Ningxia Hui Province
  • 750411
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/06/30
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.