China Animal Husbandry Industry (SHSE:600195) - Share price, News & Analysis

600195 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	2/6

600195 Stock Overview

China Animal Husbandry Industry Co., Ltd.

Rewards

Price-To-Earnings ratio (26.4x) is below the CN market (32.7x)

Earnings are forecast to grow 13.96% per year

Earnings grew by 7.5% over the past year

Risk Analysis

Dividend of 1.2% is not well covered by earnings

China Animal Husbandry Industry Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Animal Husbandry Industry
Historical stock prices
Current Share Price	CN¥12.66
52 Week High	CN¥14.02
52 Week Low	CN¥9.44
Beta	0.17
1 Month Change	8.67%
3 Month Change	1.20%
1 Year Change	6.30%
3 Year Change	52.32%
5 Year Change	55.83%
Change since IPO	329.07%

Shareholder Returns

	600195	CN Pharmaceuticals	CN Market
7D	-1.1%	2.2%	-0.1%
1Y	6.3%	-20.5%	-11.9%

Return vs Industry: 600195 exceeded the CN Pharmaceuticals industry which returned -20.5% over the past year.

Return vs Market: 600195 exceeded the CN Market which returned -11.9% over the past year.

Price Volatility

Is 600195's price volatile compared to industry and market?
600195 volatility
600195 Average Weekly Movement	6.0%
Pharmaceuticals Industry Average Movement	7.4%
Market Average Movement	7.1%
10% most volatile stocks in CN Market	10.1%
10% least volatile stocks in CN Market	5.0%

Stable Share Price: 600195 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 600195's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	4,197	Wei Gao	https://www.cahic.com

China Animal Husbandry Industry Co., Ltd. manufactures and sells animal health and nutrition products in China. The company offers veterinary drugs and vaccines, veterinary biological products, and feed and feed additives.

China Animal Husbandry Industry Fundamentals Summary

How do China Animal Husbandry Industry's earnings and revenue compare to its market cap?
600195 fundamental statistics
Market Cap	CN¥12.86b
Earnings (TTM)	CN¥486.28m
Revenue (TTM)	CN¥5.13b

26.4x

P/E Ratio

2.5x

P/S Ratio

Is 600195 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
600195 income statement (TTM)
Revenue	CN¥5.13b
Cost of Revenue	CN¥3.67b
Gross Profit	CN¥1.46b
Other Expenses	CN¥977.08m
Earnings	CN¥486.28m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.48
Gross Margin	28.50%
Net Profit Margin	9.47%
Debt/Equity Ratio	4.0%

How did 600195 perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

32%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is 600195 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600195?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 600195. This is calculated by dividing 600195's market cap by their current preferred multiple.
What is 600195's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥12.86b

600195 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/Revenue	2.6x
Enterprise Value/EBITDA	17.2x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

How does 600195's PE Ratio compare to its peers?

600195 PE Ratio vs Peers

The above table shows the PE ratio for 600195 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	32.8x

Forward PE

Price-To-Earnings vs Peers: 600195 is good value based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (32.8x).

Price to Earnings Ratio vs Industry

How does 600195's PE Ratio compare vs other companies in the Chinese Pharmaceuticals Industry?

Price-To-Earnings vs Industry: 600195 is good value based on its Price-To-Earnings Ratio (26.4x) compared to the CN Pharmaceuticals industry average (31.8x)

Price to Earnings Ratio vs Fair Ratio

What is 600195'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.

600195 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26.4x
Fair PE Ratio	25.4x

Price-To-Earnings vs Fair Ratio: 600195 is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).

Share Price vs Fair Value

What is the Fair Price of 600195 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600195 (CN¥12.66) is trading above our estimate of fair value (CN¥5.36)

Significantly Below Fair Value: 600195 is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: 600195 is poor value based on its PEG Ratio (1.9x)

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Future Growth

How is China Animal Husbandry Industry forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600195's forecast earnings growth (14% per year) is above the savings rate (3.3%).

Earnings vs Market: 600195's earnings (14% per year) are forecast to grow slower than the CN market (23.9% per year).

High Growth Earnings: 600195's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600195's revenue (12.2% per year) is forecast to grow slower than the CN market (17.4% per year).

High Growth Revenue: 600195's revenue (12.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600195's Return on Equity is forecast to be low in 3 years time (10.8%).

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Past Performance

How has China Animal Husbandry Industry 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

3.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600195 has high quality earnings.

Growing Profit Margin: 600195's current net profit margins (9.5%) are higher than last year (8.7%).

Past Earnings Growth Analysis

Earnings Trend: 600195's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: 600195's earnings growth over the past year (7.5%) exceeds its 5-year average (3.7% per year).

Earnings vs Industry: 600195 earnings growth over the past year (7.5%) exceeded the Pharmaceuticals industry 6.6%.

Return on Equity

High ROE: 600195's Return on Equity (9.1%) is considered low.

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Financial Health

How is China Animal Husbandry Industry's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600195's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.5B).

Long Term Liabilities: 600195's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥210.1M).

Debt to Equity History and Analysis

Debt Level: 600195 has more cash than its total debt.

Reducing Debt: 600195's debt to equity ratio has reduced from 34.2% to 4% over the past 5 years.

Debt Coverage: 600195's debt is well covered by operating cash flow (142.3%).

Interest Coverage: 600195 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is China Animal Husbandry Industry current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600195's dividend (1.2%) is higher than the bottom 25% of dividend payers in the CN market (0.5%).

High Dividend: 600195's dividend (1.2%) is low compared to the top 25% of dividend payers in the CN market (1.99%).

Stability and Growth of Payments

Stable Dividend: 600195's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600195's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.7%), 600195's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 600195 is paying a dividend but the company has no free cash flows.

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Management

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

8.4yrs

Average management tenure

CEO

Wei Gao (48 yo)

8.42yrs

Tenure

CN¥68,900

Compensation

Mr. Gao Wei has been General Manager and Director at China Animal Husbandry Industry Co., Ltd. since January 17, 2014. Mr. Gao served as Secretary of Board of Directors, Standing Deputy General Manager and...

Leadership Team

Experienced Management: 600195's management team is seasoned and experienced (8.4 years average tenure).

Board Members

Experienced Board: 600195's board of directors are considered experienced (8.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/23 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31