SZSE:002218

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SHENZHEN TOPRAYSOLARLtd

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

2218IndustryMarket
7 Day6.9%2.6%0.5%
30 Day0.4%9.7%4.7%
90 Day5.2%24.3%8.1%
1 Year54.8%53.8%43.2%42.8%27.9%25.8%
3 Year0.8%-0.8%136.0%126.2%21.3%15.3%
5 Year36.2%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

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

NamePositionTenureCompensationOwnership
Wukui Chen
Chairman of the Board and Chief Engineer18.42yrsCN¥500.00k2.19%
CN¥ 128.4m
Fenli Li
Vice Chairman and General Manager18.42yrsCN¥399.90kno data
Xiaofeng Lin
Deputy GM & Non Independent Directorno dataCN¥213.60kno data
Guoqiang Yang
VP, Secretary & Non Independent Directorno datano datano data
Chen Chen
Non Independent Director10.92yrsCN¥200.00kno data
Peng Zhang
Supervisor7.83yrsno datano data
Xiaogang Ma
Supervisor7.83yrsno datano data
Xuebin Zhang
Non Independent Directorno datano datano data
Qingyuan Li
Independent Directorno datano datano data
Zhengchun Du
Independent Directorno datano datano data
Liwei Wang
Independent Directorno datano datano data
Yanjun Ai
Non-Employee Representative Supervisorno datano datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2218SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 09:25
End of Day Share Price2021/01/21 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.