SEHK:1057

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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.


Snowflake Analysis

Adequate balance sheet and 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

16.9%

1057

3.3%

HK Auto Components

1.2%

HK Market


1 Year Return

8.3%

1057

12.4%

HK Auto Components

5.4%

HK Market

Return vs Industry: 1057 underperformed the Hong Kong Auto Components industry which returned 12.4% over the past year.

Return vs Market: 1057 exceeded the Hong Kong Market which returned 5.4% over the past year.


Shareholder returns

1057IndustryMarket
7 Day16.9%3.3%1.2%
30 Day7.2%4.2%-4.4%
90 Day40.5%34.1%7.6%
1 Year8.3%8.3%16.5%12.4%9.7%5.4%
3 Year-65.6%-65.6%-14.7%-21.5%3.5%-7.6%
5 Yearn/a32.6%16.9%12.0%-6.8%

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?

0.57x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the HK Auto Components industry average.

PE vs Market: 1057 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


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 (0.6x) compared to the HK Auto Components industry average (0.9x).


Next Steps

Future Growth

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

19.5%

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.


Next Steps

Past Performance

How has Zhejiang Shibao performed over the past 5 years?

-65.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1057 is currently unprofitable.

Growing Profit Margin: 1057 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1057 is unprofitable, and losses have increased over the past 5 years at a rate of 65.7% per year.

Accelerating Growth: Unable to compare 1057's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1057 is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-25.6%).


Return on Equity

High ROE: 1057 has a negative Return on Equity (-14.49%), as it is currently unprofitable.


Next Steps

Financial Health

How is Zhejiang Shibao's financial position?


Financial Position Analysis

Short Term Liabilities: 1057's short term assets (CN¥983.2M) exceed its short term liabilities (CN¥623.3M).

Long Term Liabilities: 1057's short term assets (CN¥983.2M) exceed its long term liabilities (CN¥52.6M).


Debt to Equity History and Analysis

Debt Level: 1057's debt to equity ratio (12.3%) is considered satisfactory.

Reducing Debt: 1057's debt to equity ratio has increased from 11.3% to 12.3% over the past 5 years.

Debt Coverage: 1057's debt is well covered by operating cash flow (59.7%).

Interest Coverage: Insufficient data to determine if 1057's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

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?

12.6yrs

Average management tenure


CEO

Bao Yi Zhang (47 yo)

2.67yrs

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 ($USD91.49K) is below average for companies of similar size in the Hong Kong market ($USD306.13K).

Compensation vs Earnings: Bao Yi's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Bao Yi Zhang
Executive Vice Chairman & GM2.67yrsCN¥637.45kno data
Hao Han Tang
Executive Vice Chairman & Deputy GM16.17yrsCN¥577.76kno data
Lan Jun Zhang
CFO, Finance Director & Executive Directorno dataCN¥478.94kno data
Xiao Ping Liu
Deputy GM2.17yrsCN¥524.76kno data
Zhong Chao Yu
Deputy General Manager14yrsno datano data
Gen Mei Li
Head of Finance Sectionno datano datano data
Lai Chun Huen
Company Secretary11.25yrsno datano data

12.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 1057's management team is seasoned and experienced (12.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bao Yi Zhang
Executive Vice Chairman & GM2.67yrsCN¥637.45kno data
Hao Han Tang
Executive Vice Chairman & Deputy GM16.17yrsCN¥577.76kno data
Lan Jun Zhang
CFO, Finance Director & Executive Directorno dataCN¥478.94kno data
Xiao Ping Liu
Deputy GM2.17yrsCN¥524.76kno data
Shing Kei Shum
Independent Non-Executive Director5.17yrsCN¥123.87kno data
Shi Zhong Zhang
Non-Executive Director16.17yrsCN¥271.13kno data
Shi Quan Zhang
Co-Founder & Chairman16.17yrsCN¥600.00k3.34%
CN¥ 119.8m
Song Sheng Shen
Supervisor16.17yrsCN¥35.60kno data
Min Du
Chairman of the Supervisory Committee13.17yrsCN¥104.70kno data
Lang Ping Wu
Supervisor11.17yrsCN¥110.43kno data
Yi Lin
Independent Non-Executive Director2.17yrsCN¥60.00kno data
Jun Jie Gong
Independent Non-Executive Director0.17yrno datano data

13.2yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 1057's board of directors are seasoned and experienced ( 13.2 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

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$3.583b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1057SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDMay 2006
1057SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDMay 2006
2703SZSE (Shenzhen Stock Exchange)Domestic SharesCNCNYNov 2012
2703XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)Domestic SharesCNCNYNov 2012

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 Analysis2020/08/09 13:01
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
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.