SZSE:002024

Stock Analysis Report

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Executive Summary

Suning.com Co., Ltd. engages in the retail business in China. More Details


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Suning.com's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002024 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 002024's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

2024

5.8%

CN Specialty Retail

0.04%

CN Market


1 Year Return

-9.6%

2024

51.6%

CN Specialty Retail

31.5%

CN Market

Return vs Industry: 002024 underperformed the CN Specialty Retail industry which returned 51.6% over the past year.

Return vs Market: 002024 underperformed the CN Market which returned 31.5% over the past year.


Shareholder returns

2024IndustryMarket
7 Day-0.9%5.8%0.04%
30 Day-4.9%1.0%2.8%
90 Day-10.8%-5.9%-1.0%
1 Year-9.1%-9.6%53.3%51.6%33.8%31.5%
3 Year-23.0%-24.8%41.8%36.1%18.6%12.8%
5 Year-33.5%-35.8%46.7%36.6%8.6%1.2%

Long-Term Price Volatility Vs. Market

How volatile is Suning.com's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Suning.com undervalued compared to its fair value and its price relative to the market?

198.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002024 (CN¥8.96) is trading above our estimate of fair value (CN¥3.3)

Significantly Below Fair Value: 002024 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002024 is poor value based on its PE Ratio (198.1x) compared to the CN Specialty Retail industry average (31.3x).

PE vs Market: 002024 is poor value based on its PE Ratio (198.1x) compared to the CN market (38.9x).


Price to Earnings Growth Ratio

PEG Ratio: 002024 is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: 002024 is good value based on its PB Ratio (0.9x) compared to the CN Specialty Retail industry average (1.7x).


Next Steps

Future Growth

How is Suning.com forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

60.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002024's forecast earnings growth (60.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 002024's earnings (60.6% per year) are forecast to grow faster than the CN market (24.3% per year).

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

Revenue vs Market: 002024's revenue (15.1% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 002024's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002024's Return on Equity is forecast to be low in 3 years time (2.8%).


Next Steps

Past Performance

How has Suning.com performed over the past 5 years?

42.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002024 has a large one-off loss of CN¥229.0M impacting its September 30 2020 financial results.

Growing Profit Margin: 002024's current net profit margins (0.2%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: 002024's earnings have grown significantly by 42.5% per year over the past 5 years.

Accelerating Growth: 002024's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002024 had negative earnings growth (-97.9%) over the past year, making it difficult to compare to the Specialty Retail industry average (-22.3%).


Return on Equity

High ROE: 002024's Return on Equity (-0.6%) is considered low.


Next Steps

Financial Health

How is Suning.com's financial position?


Financial Position Analysis

Short Term Liabilities: 002024's short term assets (CN¥107.2B) do not cover its short term liabilities (CN¥110.0B).

Long Term Liabilities: 002024's short term assets (CN¥107.2B) exceed its long term liabilities (CN¥26.2B).


Debt to Equity History and Analysis

Debt Level: 002024's debt to equity ratio (55.1%) is considered high.

Reducing Debt: 002024's debt to equity ratio has increased from 38% to 55.1% over the past 5 years.

Debt Coverage: 002024's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002024 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Suning.com current dividend yield, its reliability and sustainability?

0.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002024's dividend (0.56%) is higher than the bottom 25% of dividend payers in the CN market (0.36%).

High Dividend: 002024's dividend (0.56%) is low compared to the top 25% of dividend payers in the CN market (1.63%).


Stability and Growth of Payments

Stable Dividend: 002024's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002024's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (110.5%), 002024's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 002024's dividends in 3 years are forecast to be well covered by earnings (25.7% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Suning.com has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Enlong Hou
President0.83yrCN¥1.42m0.0023%
CN¥ 1.9m
Xiangsheng Meng
Senior VP & Director3.67yrsCN¥1.33m0.046%
CN¥ 38.0m
Wei Gu
Vice Presidentno dataCN¥1.19m0.0019%
CN¥ 1.6m
Rui Tian
Vice Presidentno dataCN¥1.22m0.0019%
CN¥ 1.6m
Wei Huang
Head of Finance & Board Secretary3.67yrsCN¥500.00k0.00064%
CN¥ 525.6k
Zhenyu Gong
Vice Presidentno datano data0.0019%
CN¥ 1.6m
Kai Yao
President of Suning Yi's shopping Flow Business Line0.83yrno data0.0019%
CN¥ 1.6m

2.3yrs

Average Tenure

46.5yo

Average Age

Experienced Management: 002024's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xiangsheng Meng
Senior VP & Director3.67yrsCN¥1.33m0.046%
CN¥ 38.0m
Jindong Zhang
Non-Independent Chairman3.67yrsCN¥1.93m21.39%
CN¥ 17.6b
Weimin Sun
Vice Chairman3.67yrsCN¥1.70mno data
Jun Ren
Director3.67yrsCN¥1.52m0.053%
CN¥ 43.3m
Jianying Li
Supervisorno dataCN¥400.00kno data
Xiaoling Wang
Chairman Supervisor3.67yrsCN¥200.00kno data
Zhisong Hua
Supervisor6.92yrsCN¥250.00kno data
Hong Xu
Non-Independent Director1.67yrsno datano data
Guang Yang
Non-Independent Director3.67yrsno datano data
Shiping Liu
Independent Director3.67yrsCN¥113.00kno data
Xianming Fang
Independent Director3.67yrsCN¥113.00kno data
Zhenyu Chen
Independent Director0.67yrno datano data

3.7yrs

Average Tenure

47.5yo

Average Age

Experienced Board: 002024's board of directors are considered experienced (3.7 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

Suning.com Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Suning.com Co., Ltd.
  • Ticker: 2024
  • Exchange: SZSE
  • Founded: 1990
  • Industry: Computer and Electronics Retail
  • Sector: Retail
  • Market Cap: CN¥82.121b
  • Shares outstanding: 9.12b
  • Website: https://www.suning.cn

Number of Employees


Location

  • Suning.com Co., Ltd.
  • No. 1, Suning Avenue
  • Xuanwu District
  • Nanjing
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2024SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJul 2004
2024XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2004

Biography

Suning.com Co., Ltd. engages in the retail business in China. Its stores offer various products, including home appliances, 3C products, and mother-and-baby care products, department store products, home i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 09:04
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.