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Shanghai Belling SHSE:600171 Stock Report

Last Price

CN¥17.60

Market Cap

CN¥12.5b

7D

6.1%

1Y

-0.6%

Updated

17 May, 2022

Data

Company Financials
600171 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends4/6

600171 Stock Overview

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

Shanghai Belling Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shanghai Belling
Historical stock prices
Current Share PriceCN¥17.60
52 Week HighCN¥40.48
52 Week LowCN¥14.06
Beta0.31
1 Month Change-7.95%
3 Month Change-19.45%
1 Year Change-0.62%
3 Year Change19.73%
5 Year Change80.51%
Change since IPO56.42%

Recent News & Updates

Shareholder Returns

600171CN SemiconductorCN Market
7D6.1%2.8%1.1%
1Y-0.6%9.9%-15.4%

Return vs Industry: 600171 underperformed the CN Semiconductor industry which returned 6.6% over the past year.

Return vs Market: 600171 exceeded the CN Market which returned -15.8% over the past year.

Price Volatility

Is 600171's price volatile compared to industry and market?
600171 volatility
600171 Average Weekly Movement7.7%
Semiconductor Industry Average Movement8.0%
Market Average Movement7.4%
10% most volatile stocks in CN Market10.3%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 600171 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 600171's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998495n/ahttps://www.belling.com.cn

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, EEPROM memory, MOSFET and discrete devices, smoke detector circuits, and isolators. The company was founded in 1998 and is based in Shanghai, China.

Shanghai Belling Fundamentals Summary

How do Shanghai Belling's earnings and revenue compare to its market cap?
600171 fundamental statistics
Market CapCN¥12.46b
Earnings (TTM)CN¥734.14m
Revenue (TTM)CN¥2.04b

17.0x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600171 income statement (TTM)
RevenueCN¥2.04b
Cost of RevenueCN¥1.33b
Gross ProfitCN¥712.38m
Other Expenses-CN¥21.76m
EarningsCN¥734.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.04
Gross Margin34.89%
Net Profit Margin35.96%
Debt/Equity Ratio0%

How did 600171 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

19%

Payout Ratio

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


16.98x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 600171 (CN¥17.6) is trading above our estimate of fair value (CN¥12.77)

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 (17x) compared to the CN Semiconductor industry average (44.3x).

PE vs Market: 600171 is good value based on its PE Ratio (17x) compared to the CN market (30.4x).


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 (3.2x) compared to the CN Semiconductor industry average (4.2x).


Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.2%

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.


Past Performance

How has Shanghai Belling performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


44.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600171 has a high level of non-cash earnings.

Growing Profit Margin: 600171's current net profit margins (36%) are lower than last year (40.9%).


Past Earnings Growth Analysis

Earnings Trend: 600171's earnings have grown significantly by 44.1% per year over the past 5 years.

Accelerating Growth: 600171's earnings growth over the past year (17.6%) is below its 5-year average (44.1% per year).

Earnings vs Industry: 600171 earnings growth over the past year (17.6%) underperformed the Semiconductor industry 66.5%.


Return on Equity

High ROE: 600171's Return on Equity (18.6%) is considered low.


Financial Health

How is Shanghai Belling'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: 600171's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥595.1M).

Long Term Liabilities: 600171's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥170.9M).


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 2.9%.

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


Dividend

What is Shanghai Belling 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

  • Future Dividend Coverage


1.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600171's dividend (1.14%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 600171's dividend (1.14%) is low compared to the top 25% of dividend payers in the CN market (2.11%).


Stability and Growth of Payments

Stable Dividend: 600171's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600171's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.2%), 600171's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.7%), 600171's dividend payments are covered by cash flows.


Next Steps

Management

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

1.3yrs

Average board tenure


CEO

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


Board Members

Experienced Board: 600171's board of directors are not considered experienced ( 1.3 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

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


Key Information

  • Name: Shanghai Belling Co., Ltd.
  • Ticker: 600171
  • Exchange: SHSE
  • Founded: 1998
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CN¥12.462b
  • Shares outstanding: 708.09m
  • Website: https://www.belling.com.cn

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 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.