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SHENZHEN TOPRAYSOLARLtd

Market Cap

CN¥5.6b

Last Updated

2021/04/19 09:11 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

Solid 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 +/- 7% a week.

Volatility Over Time: 002218's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

2218

-1.9%

CN Semiconductor

-0.8%

CN Market


1 Year Return

32.4%

2218

28.8%

CN Semiconductor

24.8%

CN Market

Return vs Industry: 002218 exceeded the CN Semiconductor industry which returned 28.8% over the past year.

Return vs Market: 002218 exceeded the CN Market which returned 24.8% over the past year.


Shareholder returns

2218IndustryMarket
7 Day-0.9%-1.9%-0.8%
30 Day-6.9%4.4%0.9%
90 Day-2.5%-19.6%-6.6%
1 Year33.2%32.4%29.2%28.8%26.7%24.8%
3 Year15.7%13.8%88.2%81.4%28.9%22.6%
5 Year12.9%10.0%135.1%125.2%30.2%21.5%

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?

34.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002218 (CN¥4.62) 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 (34.5x) compared to the CN Semiconductor industry average (59.5x).

PE vs Market: 002218 is poor value based on its PE Ratio (34.5x) compared to the CN market (33.5x).


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 (5.2x).


Future Growth

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

31.3%

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.


Past Performance

How has SHENZHEN TOPRAYSOLARLtd performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002218 has high quality earnings.

Growing Profit Margin: 002218's current net profit margins (12.2%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: 002218's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: 002218's earnings growth over the past year (110.8%) exceeds its 5-year average (8.1% per year).

Earnings vs Industry: 002218 earnings growth over the past year (110.8%) exceeded the Semiconductor industry 38.7%.


Return on Equity

High ROE: 002218's Return on Equity (5.4%) is considered low.


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 (2.5x coverage).


Balance Sheet


Dividend

What is SHENZHEN TOPRAYSOLARLtd current dividend yield, its reliability and sustainability?

0.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002218's dividend (0.54%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).

High Dividend: 002218's dividend (0.54%) is low compared to the top 25% of dividend payers in the CN market (1.83%).


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 (18.7%), 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?

11.2yrs

Average board tenure


CEO

Guoqiang Yang (45 yo)

no data

Tenure

Mr. Guoqiang Yang serves as General Manager of SHENZHEN TOPRAYSOLAR Co.,Ltd. Mr. Yang served as Secretary of SHENZHEN TOPRAYSOLAR Co.,Ltd. and served as its Vice President since April 2015. Mr. Yang gradua...


Board Members

Experienced Board: 002218's board of directors are seasoned and experienced ( 11.2 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¥5.638b
  • 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


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 Analysis2021/04/19 09:11
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.