Jiangsu Innovative Ecological New Materials Limited, through its subsidiaries, develops, manufactures, and markets oil refining agents and fuel additives in China, Sudan, Chad, Niger, and Algeria. More Details
Flawless balance sheet and fair value.
Share Price & News
How has Jiangsu Innovative Ecological New Materials's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2116 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2116's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2116 underperformed the Hong Kong Chemicals industry which returned 45.9% over the past year.
Return vs Market: 2116 underperformed the Hong Kong Market which returned 24.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Jiangsu Innovative Ecological New Materials's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StJiangsu Innovative Ecological New Materials (HKG:2116) May Have Issues Allocating Its Capital
3 months ago | Simply Wall StHere's What To Make Of Jiangsu Innovative Ecological New Materials' (HKG:2116) Returns On Capital
6 months ago | Simply Wall StHere's What To Make Of Jiangsu Innovative Ecological New Materials' (HKG:2116) Returns On Capital
Is Jiangsu Innovative Ecological New Materials undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2116 (HK$0.39) is trading above our estimate of fair value (HK$0.16)
Significantly Below Fair Value: 2116 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2116 is good value based on its PE Ratio (6.9x) compared to the Hong Kong Chemicals industry average (10x).
PE vs Market: 2116 is good value based on its PE Ratio (6.9x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2116's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2116 is good value based on its PB Ratio (0.5x) compared to the HK Chemicals industry average (0.8x).
How is Jiangsu Innovative Ecological New Materials forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials 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 Jiangsu Innovative Ecological New 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.
How has Jiangsu Innovative Ecological New Materials performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2116 has high quality earnings.
Growing Profit Margin: 2116's current net profit margins (13.8%) are lower than last year (15.3%).
Past Earnings Growth Analysis
Earnings Trend: 2116's earnings have declined by 5% per year over the past 5 years.
Accelerating Growth: 2116's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2116 had negative earnings growth (-18.1%) over the past year, making it difficult to compare to the Chemicals industry average (-0.7%).
Return on Equity
High ROE: 2116's Return on Equity (7.8%) is considered low.
How is Jiangsu Innovative Ecological New Materials's financial position?
Financial Position Analysis
Short Term Liabilities: 2116's short term assets (CN¥257.7M) exceed its short term liabilities (CN¥20.1M).
Long Term Liabilities: 2116's short term assets (CN¥257.7M) exceed its long term liabilities (CN¥2.4M).
Debt to Equity History and Analysis
Debt Level: 2116 is debt free.
Reducing Debt: 2116 had no debt 5 years ago.
Debt Coverage: 2116 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2116 has no debt, therefore coverage of interest payments is not a concern.
What is Jiangsu Innovative Ecological New Materials's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2116's dividend (2.59%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).
High Dividend: 2116's dividend (2.59%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 2116 has been paying a dividend for less than 10 years.
Growing Dividend: 2116 has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.3%), 2116's dividend payments are 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
Xiaojun Ge (56 yo)
Mr. Xiaojun Ge serves as Chairman of the Board and Chief Executive Officer at Jiangsu Innovative Ecological New Materials Limited and has been its Executive Director since September 18, 2018. Mr. Ge is pri...
CEO Compensation Analysis
Compensation vs Market: Xiaojun's total compensation ($USD38.53K) is below average for companies of similar size in the Hong Kong market ($USD229.69K).
Compensation vs Earnings: Xiaojun's compensation has been consistent with company performance over the past year.
Experienced Board: 2116's board of directors are considered experienced (3.7 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.
Jiangsu Innovative Ecological New Materials Limited's company bio, employee growth, exchange listings and data sources
- Name: Jiangsu Innovative Ecological New Materials Limited
- Ticker: 2116
- Exchange: SEHK
- Founded: 2002
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: HK$184.800m
- Shares outstanding: 480.00m
- Website: https://www.jscxsh.cn
Number of Employees
- Jiangsu Innovative Ecological New Materials Limited
- No. 16 West Kaixuan Road
- Economic Development Zone
- Jiangsu Province
Jiangsu Innovative Ecological New Materials Limited, through its subsidiaries, develops, manufactures, and markets oil refining agents and fuel additives in China, Sudan, Chad, Niger, and Algeria. The comp...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/15 10:10|
|End of Day Share Price||2021/05/14 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.