SHENZHEN TOPRAYSOLARLtd
Market Cap
CN¥5.9b
Last Updated
2021/01/21 09:25 UTC
Data Sources
Company Financials
Executive Summary
SHENZHEN TOPRAYSOLAR Co.,Ltd. operates as an integrated solar manufacturer in China, Europe, North America, Africa, and internationally. More Details
Snowflake Analysis
Proven track record second-rate dividend payer.
Share Price & News
How has SHENZHEN TOPRAYSOLARLtd's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002218 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 002218's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
6.9%
2218
2.6%
CN Semiconductor
0.5%
CN Market
1 Year Return
53.8%
2218
42.8%
CN Semiconductor
25.8%
CN Market
Return vs Industry: 002218 exceeded the CN Semiconductor industry which returned 42.8% over the past year.
Return vs Market: 002218 exceeded the CN Market which returned 25.8% over the past year.
Shareholder returns
| 2218 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.9% | 2.6% | 0.5% |
| 30 Day | 0.4% | 9.7% | 4.7% |
| 90 Day | 5.2% | 24.3% | 8.1% |
| 1 Year | 54.8%53.8% | 43.2%42.8% | 27.9%25.8% |
| 3 Year | 0.8%-0.8% | 136.0%126.2% | 21.3%15.3% |
| 5 Year | 36.2%32.7% | 193.2%182.7% | 49.4%39.2% |
Long-Term Price Volatility Vs. Market
How volatile is SHENZHEN TOPRAYSOLARLtd's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is SHENZHEN TOPRAYSOLARLtd undervalued compared to its fair value and its price relative to the market?
40.91x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 002218 (CN¥4.83) is trading above our estimate of fair value (CN¥0.2)
Significantly Below Fair Value: 002218 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 002218 is good value based on its PE Ratio (40.9x) compared to the CN Semiconductor industry average (79.5x).
PE vs Market: 002218 is poor value based on its PE Ratio (40.9x) compared to the CN market (35.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 002218's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 002218 is good value based on its PB Ratio (1.9x) compared to the CN Semiconductor industry average (6.8x).
Next Steps
Future Growth
How is SHENZHEN TOPRAYSOLARLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
33.2%
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 SHENZHEN TOPRAYSOLARLtd 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
- Check out SHENZHEN TOPRAYSOLARLtd's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Semiconductors industry.
Past Performance
How has SHENZHEN TOPRAYSOLARLtd performed over the past 5 years?
10.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002218 has a large one-off gain of CN¥80.6M impacting its September 30 2020 financial results.
Growing Profit Margin: 002218's current net profit margins (11.1%) are higher than last year (8.1%).
Past Earnings Growth Analysis
Earnings Trend: 002218's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: 002218's earnings growth over the past year (63.8%) exceeds its 5-year average (10.6% per year).
Earnings vs Industry: 002218 earnings growth over the past year (63.8%) exceeded the Semiconductor industry 27.4%.
Return on Equity
High ROE: 002218's Return on Equity (4.8%) is considered low.
Next Steps
Financial Health
How is SHENZHEN TOPRAYSOLARLtd's financial position?
Financial Position Analysis
Short Term Liabilities: 002218's short term assets (CN¥2.4B) do not cover its short term liabilities (CN¥2.6B).
Long Term Liabilities: 002218's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥849.5M).
Debt to Equity History and Analysis
Debt Level: 002218's debt to equity ratio (59.7%) is considered high.
Reducing Debt: 002218's debt to equity ratio has increased from 20.2% to 59.7% over the past 5 years.
Debt Coverage: 002218's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002218's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Next Steps
Dividend
What is SHENZHEN TOPRAYSOLARLtd current dividend yield, its reliability and sustainability?
0.52%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002218's dividend (0.52%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).
High Dividend: 002218's dividend (0.52%) is low compared to the top 25% of dividend payers in the CN market (1.79%).
Stability and Growth of Payments
Stable Dividend: 002218's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002218's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.2%), 002218'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?
10.9yrs
Average board tenure
CEO
Fenli Li
18.42yrs
Tenure
CN¥399,900
Compensation
Ms. Fenli Li has been a Vice Chairman and General Manager of Shenzhen Topray Solar Co., Ltd since August 2002. Ms. Li served as Manager in two Shenzhen-based companies, and Sales Representative in Canada I...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board and Chief Engineer | 18.42yrs | CN¥500.00k | 2.19% CN¥ 128.4m | |
| Vice Chairman and General Manager | 18.42yrs | CN¥399.90k | no data | |
| Deputy GM & Non Independent Director | no data | CN¥213.60k | no data | |
| VP, Secretary & Non Independent Director | no data | no data | no data | |
| Non Independent Director | 10.92yrs | CN¥200.00k | no data | |
| Supervisor | 7.83yrs | no data | no data | |
| Supervisor | 7.83yrs | no data | no data | |
| Non Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Non-Employee Representative Supervisor | no data | no data | no data |
10.9yrs
Average Tenure
Experienced Board: 002218's board of directors are seasoned and experienced ( 10.9 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
SHENZHEN TOPRAYSOLAR Co.,Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: SHENZHEN TOPRAYSOLAR Co.,Ltd.
- Ticker: 2218
- Exchange: SZSE
- Founded: 1992
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: CN¥5.860b
- Shares outstanding: 1.24b
- Website: https://www.topraysolar.com
Number of Employees
Location
- SHENZHEN TOPRAYSOLAR Co.,Ltd.
- Hong Nian Plaza
- Building A, Floor 8
- Shenzhen
- Guangdong Province
- 4060
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2218 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Feb 2008 |
Biography
SHENZHEN TOPRAYSOLAR Co.,Ltd. operates as an integrated solar manufacturer in China, Europe, North America, Africa, and internationally. The company offers solar glasses, solar cells, solar wafers, and sol...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 09:25 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.