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Market Cap

HK$4.0b

Last Updated

2021/05/07 11:39 UTC

Data Sources

Company Financials

Executive Summary

Zhejiang Shibao Company Limited, together with its subsidiaries, researches, designs, develops, produces, and sells automotive steering system and components in the People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Zhejiang Shibao's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1057 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: 1057's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.


Market Performance


7 Day Return

6.7%

1057

-3.8%

HK Auto Components

-0.7%

HK Market


1 Year Return

135.1%

1057

68.8%

HK Auto Components

25.7%

HK Market

Return vs Industry: 1057 exceeded the Hong Kong Auto Components industry which returned 77.7% over the past year.

Return vs Market: 1057 exceeded the Hong Kong Market which returned 27.5% over the past year.


Shareholder returns

1057IndustryMarket
7 Day6.7%-3.8%-0.7%
30 Day28.9%-4.8%-1.6%
90 Day-4.9%-15.2%-2.9%
1 Year135.1%135.1%73.9%68.8%30.6%25.7%
3 Year0%0%-10.8%-18.1%3.5%-7.5%
5 Year-42.3%-43.9%20.6%8.4%62.2%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Zhejiang Shibao's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zhejiang Shibao undervalued compared to its fair value and its price relative to the market?

17.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1057's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1057's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1057 is good value based on its PE Ratio (18x) compared to the HK Auto Components industry average (19x).

PE vs Market: 1057 is poor value based on its PE Ratio (18x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1057's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1057 is good value based on its PB Ratio (0.8x) compared to the HK Auto Components industry average (1.3x).


Future Growth

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

32.1%

Forecasted Automobiles 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 Zhejiang Shibao 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 Zhejiang Shibao performed over the past 5 years?

-51.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1057 has a large one-off gain of CN¥25.3M impacting its March 31 2021 financial results.

Growing Profit Margin: 1057 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1057's earnings have declined by 51.9% per year over the past 5 years.

Accelerating Growth: 1057 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1057 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (13.4%).


Return on Equity

High ROE: 1057's Return on Equity (4.3%) is considered low.


Financial Health

How is Zhejiang Shibao's financial position?


Financial Position Analysis

Short Term Liabilities: 1057's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥558.6M).

Long Term Liabilities: 1057's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥54.7M).


Debt to Equity History and Analysis

Debt Level: 1057's debt to equity ratio (7.9%) is considered satisfactory.

Reducing Debt: 1057's debt to equity ratio has increased from 0.7% to 7.9% over the past 5 years.

Debt Coverage: 1057's debt is well covered by operating cash flow (90.9%).

Interest Coverage: 1057's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet


Dividend

What is Zhejiang Shibao current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1057's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1057's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1057's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1057's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1057 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1057's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average management tenure


CEO

Bao Yi Zhang (47 yo)

3.42yrs

Tenure

CN¥637,445

Compensation

Mr. Bao Yi Zhang has been a General Manager of Zhejiang Shibao Company Limited since December 28, 2017 and served as its Deputy General Manager since June 12, 2004 until December 28, 2017. Mr. Zhang worke...


CEO Compensation Analysis

Compensation vs Market: Bao Yi's total compensation ($USD98.63K) is below average for companies of similar size in the Hong Kong market ($USD302.77K).

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


Leadership Team

Experienced Management: 1057's management team is seasoned and experienced (12 years average tenure).


Board Members

Experienced Board: 1057's board of directors are seasoned and experienced ( 13.9 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

Zhejiang Shibao Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Shibao Company Limited
  • Ticker: 1057
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: HK$3.955b
  • Shares outstanding: 789.64m
  • Website: https://www.zjshibao.com

Number of Employees


Location

  • Zhejiang Shibao Company Limited
  • No. 6, 17th Avenue
  • HEDA
  • Hangzhou
  • Zhejiang Province
  • 310018
  • China

Listings


Biography

Zhejiang Shibao Company Limited, together with its subsidiaries, researches, designs, develops, produces, and sells automotive steering system and components in the People’s Republic of China. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 11:39
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
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.