BST:CHM

Stock Analysis Report

China Sunsine Chemical Holdings

Executive Summary

China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally.

Snowflake

Fundamentals

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

How has China Sunsine Chemical Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CHM

3.9%

DE Chemicals

2.4%

DE Market


1 Year Return

14.1%

CHM

-3.3%

DE Chemicals

4.9%

DE Market

Return vs Industry: CHM exceeded the German Chemicals industry which returned -3.3% over the past year.

Return vs Market: CHM exceeded the German Market which returned 4.9% over the past year.


Shareholder returns

CHMIndustryMarket
7 Day0%3.9%2.4%
30 Day0.3%4.1%2.3%
90 Day-1.8%2.8%2.7%
1 Year19.9%14.1%0.5%-3.3%8.2%4.9%
3 Yearn/a-1.9%-11.2%18.3%8.0%
5 Yearn/a25.6%6.4%44.2%24.6%

Price Volatility Vs. Market

How volatile is China Sunsine Chemical Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Sunsine Chemical Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHM (€0.71) is trading below our estimate of fair value (€2.15)

Significantly Below Fair Value: CHM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CHM is good value based on its PE Ratio (5.6x) compared to the Chemicals industry average (20.5x).

PE vs Market: CHM is good value based on its PE Ratio (5.6x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: CHM is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: CHM is good value based on its PB Ratio (1.2x) compared to the DE Chemicals industry average (1.7x).


Next Steps

Future Growth

How is China Sunsine Chemical Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHM's forecast earnings growth (1.1% per year) is above the savings rate (0.2%).

Earnings vs Market: CHM's earnings (1.1% per year) are forecast to grow slower than the German market (12.8% per year).

High Growth Earnings: CHM's earnings are forecast to grow, but not significantly.

Revenue vs Market: CHM's revenue (6.9% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: CHM's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CHM's Return on Equity is forecast to be low in 3 years time (16.3%).


Next Steps

Past Performance

How has China Sunsine Chemical Holdings performed over the past 5 years?

29.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CHM's earnings have grown significantly by 29.6% per year over the past 5 years.

Accelerating Growth: CHM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CHM had negative earnings growth (-13.5%) over the past year, making it difficult to compare to the Chemicals industry average (-5.5%).


Return on Equity

High ROE: CHM's Return on Equity (21.2%) is considered high.


Return on Assets

ROA vs Industry: CHM has a higher Return on Assets than the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: CHM has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is China Sunsine Chemical Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CHM's short term assets (CN¥2.1B) exceeds its short term liabilities (CN¥366.4M)

Long Term Liabilities: CHM's short term assets (2.1B) exceeds its long term liabilities (9.6M)


Debt to Equity History and Analysis

Debt Level: CHM is debt free.

Reducing Debt: CHM has no debt compared to 5 years ago when its debt to equity ratio was 36.5%.

Debt Coverage: CHM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CHM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: CHM has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CHM's debt is covered by short term assets.


Next Steps

Dividend

What is China Sunsine Chemical Holdings's current dividend yield, its reliability and sustainability?

4.59%

Current Dividend Yield


Dividend Yield vs Market

company4.6%marketbottom25%1.5%markettop25%3.8%industryaverage4.0%forecastin3Years3.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CHM's dividend (4.59%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: CHM's dividend (4.59%) is in the top 25% of dividend payers in the German market (3.79%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.3%), CHM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CHM's dividends in 3 years are forecast to be well covered by earnings (19.5% payout ratio).


Next Steps

Management

What is the CEO of China Sunsine Chemical Holdings's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Jing Fu Liu (67yo)

5.9yrs

Tenure

CN¥115,000

Compensation

Mr. Jing Fu Liu has been the Chief Executive Officer of China Sunsine Chemical Holdings Ltd. since November 22, 2013. Mr. Liu been the Consultant of Heze Electrical, Mechanical and Petrochemical Associatio ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jing Fu's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Jing Fu's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

49yo

Average Age

Experienced Management: CHM's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

6.7yrs

Average Tenure

49yo

Average Age

Experienced Board: CHM's board of directors are considered experienced (6.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jun Xu (49yo)

    Executive Director

    • Tenure: 12.4yrs
    • Compensation: CN¥91.00k
  • Cheng Qiu Xu (75yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: CN¥3.16m
  • Jing Fu Liu (67yo)

    CEO & Executive Director

    • Tenure: 5.9yrs
    • Compensation: CN¥115.00k
  • Xian lei Xu (40yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥101.77k
  • Yiping Tong (41yo)

    Group CFO & Joint Company Secretary

    • Tenure: 3.6yrs
  • Lingna Dai

    Joint Company Secretary

    • Tenure: 2yrs

Board Members

  • Paul Tan (54yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥40.00k
  • Benny Lim (48yo)

    Lead Independent Director

    • Tenure: 3.5yrs
    • Compensation: CN¥50.00k
  • Jun Xu (49yo)

    Executive Director

    • Tenure: 12.4yrs
    • Compensation: CN¥91.00k
  • Cheng Qiu Xu (75yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: CN¥3.16m
  • Jing Fu Liu (67yo)

    CEO & Executive Director

    • Tenure: 5.9yrs
    • Compensation: CN¥115.00k
  • Choon Kong Koh (48yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: CN¥45.00k
  • Chun Hua Xu (76yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: CN¥45.00k
  • Xian lei Xu (40yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥101.77k
  • Tangfeng Yan (49yo)

    Independent Director

    • Tenure: 0.08yrs

Company Information

China Sunsine Chemical Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Sunsine Chemical Holdings Ltd.
  • Ticker: CHM
  • Exchange: BST
  • Founded: 2006
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: S$556.576m
  • Listing Market Cap: S$366.941m
  • Shares outstanding: 488.22m
  • Website: https://www.chinasunsine.com

Number of Employees


Location

  • China Sunsine Chemical Holdings Ltd.
  • No. 11-01, 112 Robinson Road
  • Singapore
  • 68902
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CH8SGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2007
CHMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2007
CHMBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJul 2007

Biography

China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:38
End of Day Share Price2019/10/02 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.