SHSE:600171

Stock Analysis Report

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Executive Summary

Shanghai Belling Co., Ltd. operates in IC industry in China. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Shanghai Belling's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600171's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.6%

600171

-4.2%

CN Semiconductor

-2.6%

CN Market


1 Year Return

3.0%

600171

71.1%

CN Semiconductor

25.6%

CN Market

Return vs Industry: 600171 underperformed the CN Semiconductor industry which returned 66.2% over the past year.

Return vs Market: 600171 underperformed the CN Market which returned 24.1% over the past year.


Shareholder returns

600171IndustryMarket
7 Day-1.6%-4.2%-2.6%
30 Day-0.4%-0.7%2.1%
90 Day-11.0%-8.6%-2.0%
1 Year3.7%3.0%71.7%71.1%27.7%25.6%
3 Year30.9%28.8%83.4%76.3%11.9%6.6%
5 Year0.9%-1.1%105.6%97.7%15.8%8.0%

Price Volatility Vs. Market

How volatile is Shanghai Belling's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shanghai Belling undervalued compared to its fair value and its price relative to the market?

62.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600171 (CN¥16) is trading above our estimate of fair value (CN¥3.8)

Significantly Below Fair Value: 600171 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600171 is good value based on its PE Ratio (62.7x) compared to the CN Semiconductor industry average (74.7x).

PE vs Market: 600171 is poor value based on its PE Ratio (62.7x) compared to the CN market (40.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600171's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600171 is good value based on its PB Ratio (3.7x) compared to the CN Semiconductor industry average (6.2x).


Next Steps

Future Growth

How is Shanghai Belling forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

36.0%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shanghai Belling has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Shanghai Belling performed over the past 5 years?

31.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600171 has a large one-off gain of CN¥93.1M impacting its June 30 2020 financial results.

Growing Profit Margin: 600171's current net profit margins (19.6%) are lower than last year (27.2%).


Past Earnings Growth Analysis

Earnings Trend: 600171's earnings have grown significantly by 31% per year over the past 5 years.

Accelerating Growth: 600171's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600171 had negative earnings growth (-16%) over the past year, making it difficult to compare to the Semiconductor industry average (23.7%).


Return on Equity

High ROE: 600171's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is Shanghai Belling's financial position?


Financial Position Analysis

Short Term Liabilities: 600171's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥204.2M).

Long Term Liabilities: 600171's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥117.1M).


Debt to Equity History and Analysis

Debt Level: 600171 is debt free.

Reducing Debt: 600171 has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.

Debt Coverage: 600171 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 600171 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Shanghai Belling current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600171's dividend (0.69%) is higher than the bottom 25% of dividend payers in the CN market (0.36%).

High Dividend: 600171's dividend (0.69%) is low compared to the top 25% of dividend payers in the CN market (1.68%).


Stability and Growth of Payments

Stable Dividend: 600171 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 600171's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.1%), 600171's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Shanghai Belling has no CEO, or we have no data on them.


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

Shanghai Belling Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Belling Co., Ltd.
  • Ticker: 600171
  • Exchange: SHSE
  • Founded: 1998
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CN¥11.190b
  • Shares outstanding: 699.40m
  • Website: https://www.belling.com.cn

Number of Employees


Location

  • Shanghai Belling Co., Ltd.
  • 810 Yishan Road
  • Shanghai
  • 200233
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600171SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYSep 1998
600171XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYSep 1998

Biography

Shanghai Belling Co., Ltd. operates in IC industry in China. Its products include power management, AC/DC converters, electric energy metering circuits, LED drive ICs, interface circuits, ADC circuits, MCU ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 15:05
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
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.