Yongsheng Advanced Materials Company Limited, an investment holding company, engages in the textile and advanced material-related businesses in Hong Kong, Mainland China, and internationally.
Excellent balance sheet and slightly overvalued.
Share Price & News
How has Yongsheng Advanced Materials's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3608 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3608 exceeded the Hong Kong Luxury industry which returned -6.1% over the past year.
Return vs Market: 3608 exceeded the Hong Kong Market which returned -11.2% over the past year.
Price Volatility Vs. Market
How volatile is Yongsheng Advanced Materials's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StIs Yongsheng Advanced Materials Company Limited (HKG:3608) A Good Dividend Stock?
3 weeks ago | Simply Wall StIf You Had Bought Yongsheng Advanced Materials (HKG:3608) Stock A Year Ago, You'd Be Sitting On A 9.5% Loss, Today
1 month ago | Simply Wall StYongsheng Advanced Materials (HKG:3608) Has A Pretty Healthy Balance Sheet
Is Yongsheng Advanced Materials undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3608 (HK$1.94) is trading below our estimate of fair value (HK$18.28)
Significantly Below Fair Value: 3608 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3608 is poor value based on its PE Ratio (41.6x) compared to the Luxury industry average (7.1x).
PE vs Market: 3608 is poor value based on its PE Ratio (41.6x) compared to the Hong Kong market (9.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3608's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3608 is overvalued based on its PB Ratio (0.9x) compared to the HK Luxury industry average (0.7x).
How is Yongsheng Advanced Materials forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables 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 Yongsheng Advanced Materials 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.
- Examine Yongsheng Advanced Materials's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Yongsheng Advanced Materials competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Yongsheng Advanced Materials performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3608 has high quality earnings.
Growing Profit Margin: 3608's current net profit margins (9.7%) are lower than last year (25%).
Past Earnings Growth Analysis
Earnings Trend: 3608's earnings have grown by 5.4% per year over the past 5 years.
Accelerating Growth: 3608's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3608 had negative earnings growth (-42.1%) over the past year, making it difficult to compare to the Luxury industry average (3%).
Return on Equity
High ROE: 3608's Return on Equity (3.5%) is considered low.
How is Yongsheng Advanced Materials's financial position?
Financial Position Analysis
Short Term Liabilities: 3608's short term assets (CN¥740.7M) exceed its short term liabilities (CN¥132.8M).
Long Term Liabilities: 3608's short term assets (CN¥740.7M) exceed its long term liabilities (CN¥91.5M).
Debt to Equity History and Analysis
Debt Level: 3608's debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: 3608's debt to equity ratio has increased from 0.5% to 6.6% over the past 5 years.
Debt Coverage: 3608's debt is well covered by operating cash flow (171%).
Interest Coverage: 3608 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Yongsheng Advanced Materials's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3608's dividend (2.55%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.61%).
High Dividend: 3608's dividend (2.55%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.31%).
Stability and Growth of Payments
Stable Dividend: 3608 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3608's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (106.1%), 3608's dividend payments are not 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Yongsheng Advanced Materials has no CEO, or we have no data on them.
|Executive Director||6.5yrs||CN¥85.00k||no data|
|Executive Director||6.5yrs||CN¥2.52m||0.36% CN¥5.2m|
|Executive Director||0.50yr||no data||no data|
|Independent Non-Executive Director||6.5yrs||CN¥110.00k||no data|
|Independent Non-Executive Director||6.5yrs||CN¥85.00k||no data|
|Independent Non-Executive Director||5.75yrs||CN¥85.00k||no data|
Experienced Board: 3608's board of directors are considered experienced (6.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Yongsheng Advanced Materials Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Yongsheng Advanced Materials Company Limited
- Ticker: 3608
- Exchange: SEHK
- Founded: 1997
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: HK$1.422b
- Shares outstanding: 733.19m
- Website: https://www.chinaysgroup.com
Number of Employees
- Yongsheng Advanced Materials Company Limited
- Admiralty Centre
- 29th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3608||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Nov 2013|
Yongsheng Advanced Materials Company Limited, an investment holding company, engages in the textile and advanced material-related businesses in Hong Kong, Mainland China, and internationally. It operates through three segments: Processing, Property Investment, and (Renovation, Maintenance, Alternation and Additional) RMAA Services. The Processing segment involved in the dyeing and processing of differentiated polyester filament fabrics. The Property Investment segment invests in, develops, and sells properties. The RMAA Services segment provides construction services, such as building construction; maintenance and improvement works; and renovation and decoration works. Yongsheng Advanced Materials Company Limited was founded in 1997 and is headquartered in Admiralty, Hong Kong. Yongsheng Advanced Materials Company Limited is a subsidiary of Ever Thrive Global Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 06:42|
|End of Day Share Price||2020/05/25 00:00|
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.