| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
600171 Stock Overview
Shanghai Belling Co., Ltd. operates in IC industry in China.
Shanghai Belling Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥17.72 |
| 52 Week High | CN¥40.48 |
| 52 Week Low | CN¥15.02 |
| Beta | 0.18 |
| 1 Month Change | -13.14% |
| 3 Month Change | -24.60% |
| 1 Year Change | 11.59% |
| 3 Year Change | 23.92% |
| 5 Year Change | 47.79% |
| Change since IPO | 64.68% |
Recent News & Updates
Shareholder Returns
| 600171 | CN Semiconductor | CN Market | |
|---|---|---|---|
| 7D | -5.3% | -8.4% | -3.2% |
| 1Y | 11.6% | 12.5% | -6.8% |
Return vs Industry: 600171 matched the CN Semiconductor industry which returned 12.5% over the past year.
Return vs Market: 600171 exceeded the CN Market which returned -6.8% over the past year.
Price Volatility
| 600171 volatility | |
|---|---|
| 600171 Average Weekly Movement | 5.7% |
| Semiconductor Industry Average Movement | 6.8% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in CN Market | 9.8% |
| 10% least volatile stocks in CN Market | 4.5% |
Stable Share Price: 600171 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 600171's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 495 | n/a | https://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
| 600171 fundamental statistics | |
|---|---|
| Market Cap | CN¥12.55b |
| Earnings (TTM) | CN¥729.30m |
| Revenue (TTM) | CN¥2.02b |
17.2x
P/E Ratio6.2x
P/S RatioIs 600171 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 600171 income statement (TTM) | |
|---|---|
| Revenue | CN¥2.02b |
| Cost of Revenue | CN¥1.34b |
| Gross Profit | CN¥682.40m |
| Other Expenses | -CN¥46.90m |
| Earnings | CN¥729.30m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.03 |
| Gross Margin | 33.71% |
| Net Profit Margin | 36.03% |
| Debt/Equity Ratio | 0% |
How did 600171 perform over the long term?
See historical performance and comparisonDividends
1.1%
Current Dividend Yield19%
Payout RatioValuation
Is Shanghai Belling undervalued compared to its fair value and its price relative to the market?
33.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600171 (CN¥17.72) is trading below our estimate of fair value (CN¥26.55)
Significantly Below Fair Value: 600171 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600171 is good value based on its PE Ratio (17.2x) compared to the CN Semiconductor industry average (55.2x).
PE vs Market: 600171 is good value based on its PE Ratio (17.2x) compared to the CN market (30.8x).
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 (5.5x).
Future Growth
How is Shanghai Belling forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
27.6%
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?
46.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600171 has a large one-off gain of CN¥318.4M impacting its December 31 2021 financial results.
Growing Profit Margin: 600171's current net profit margins (36%) are lower than last year (39.6%).
Past Earnings Growth Analysis
Earnings Trend: 600171's earnings have grown significantly by 46.4% per year over the past 5 years.
Accelerating Growth: 600171's earnings growth over the past year (38.1%) is below its 5-year average (46.4% per year).
Earnings vs Industry: 600171 earnings growth over the past year (38.1%) underperformed the Semiconductor industry 86.8%.
Return on Equity
High ROE: 600171's Return on Equity (18.5%) is considered low.
Financial Health
How is Shanghai Belling's financial position?
Financial Position Analysis
Short Term Liabilities: 600171's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥506.9M).
Long Term Liabilities: 600171's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥172.1M).
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 3%.
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?
1.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600171's dividend (1.13%) is higher than the bottom 25% of dividend payers in the CN market (0.5%).
High Dividend: 600171's dividend (1.13%) is low compared to the top 25% of dividend payers in the CN market (2.02%).
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 reasonably low cash payout ratio (37.7%), 600171's dividend payments are well 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: XSSC
- Founded: 1998
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: CN¥12.547b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/04/13 00:00 |
| End of Day Share Price | 2022/04/12 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.