Executive Summary
China Sanjiang Fine Chemicals Company Limited, an investment holding company, manufactures and supplies ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether, and surfactants in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record, good value and pays a dividend.
Share Price & News
How has China Sanjiang Fine Chemicals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2198 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 2198's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.8%
2198
2.7%
HK Chemicals
3.0%
HK Market
1 Year Return
60.8%
2198
13.6%
HK Chemicals
7.5%
HK Market
Return vs Industry: 2198 exceeded the Hong Kong Chemicals industry which returned 13.6% over the past year.
Return vs Market: 2198 exceeded the Hong Kong Market which returned 7.5% over the past year.
Shareholder returns
| 2198 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | 2.7% | 3.0% |
| 30 Day | 1.6% | 10.8% | 9.9% |
| 90 Day | 27.0% | 27.7% | 15.5% |
| 1 Year | 92.4%60.8% | 20.3%13.6% | 11.8%7.5% |
| 3 Year | 4.6%-26.4% | -24.9%-37.7% | -3.2%-13.4% |
| 5 Year | 387.7%192.0% | 35.5%4.8% | 69.4%40.7% |
Long-Term Price Volatility Vs. Market
How volatile is China Sanjiang Fine Chemicals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
At HK$2.54, Is China Sanjiang Fine Chemicals Company Limited (HKG:2198) Worth Looking At Closely?2 weeks ago | Simply Wall St
Here’s What’s Happening With Returns At China Sanjiang Fine Chemicals (HKG:2198)1 month ago | Simply Wall St
What To Know Before Buying China Sanjiang Fine Chemicals Company Limited (HKG:2198) For Its DividendValuation
Is China Sanjiang Fine Chemicals 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: 2198 (HK$2.54) is trading below our estimate of fair value (HK$7.05)
Significantly Below Fair Value: 2198 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2198 is good value based on its PE Ratio (3x) compared to the HK Chemicals industry average (9.1x).
PE vs Market: 2198 is good value based on its PE Ratio (3x) compared to the Hong Kong market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2198's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2198's PB Ratio (0.6x) is in line with the HK Chemicals industry average.
Next Steps
Future Growth
How is China Sanjiang Fine Chemicals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
6.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 2198's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if 2198's earnings are forecast to grow faster than the Hong Kong market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2198's revenue (6.2% per year) is forecast to grow slower than the Hong Kong market (14% per year).
High Growth Revenue: 2198's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2198's Return on Equity is forecast to be low in 3 years time (13.7%).
Next Steps
Past Performance
How has China Sanjiang Fine Chemicals performed over the past 5 years?
29.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2198 has high quality earnings.
Growing Profit Margin: 2198's current net profit margins (10.2%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: 2198's earnings have grown significantly by 29.6% per year over the past 5 years.
Accelerating Growth: 2198's earnings growth over the past year (372.2%) exceeds its 5-year average (29.6% per year).
Earnings vs Industry: 2198 earnings growth over the past year (372.2%) exceeded the Chemicals industry -37.4%.
Return on Equity
High ROE: Whilst 2198's Return on Equity (22.85%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is China Sanjiang Fine Chemicals's financial position?
Financial Position Analysis
Short Term Liabilities: 2198's short term assets (CN¥6.0B) do not cover its short term liabilities (CN¥7.3B).
Long Term Liabilities: 2198's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 2198's debt to equity ratio (157%) is considered high.
Reducing Debt: 2198's debt to equity ratio has reduced from 230.3% to 157% over the past 5 years.
Debt Coverage: 2198's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 2198's interest payments on its debt are well covered by EBIT (17.2x coverage).
Balance Sheet
Next Steps
Dividend
What is China Sanjiang Fine Chemicals's current dividend yield, its reliability and sustainability?
9.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2198's dividend (9.82%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.11%).
High Dividend: 2198's dividend (9.82%) is in the top 25% of dividend payers in the Hong Kong market (6.67%)
Stability and Growth of Payments
Stable Dividend: 2198's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2198's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), 2198'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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average board tenure
CEO
China Sanjiang Fine Chemicals has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairlady of the Board | 0.33yr | CN¥1.39m | no data | |
| Executive Director | 3.83yrs | CN¥1.07m | 0.019% CN¥ 576.1k | |
| Independent Non-Executive Director | 10.42yrs | CN¥107.00k | no data | |
| Independent Non-Executive Director | 6.58yrs | CN¥107.00k | no data | |
| Independent Non-Executive Director | 4.5yrs | CN¥107.00k | no data |
4.5yrs
Average Tenure
49yo
Average Age
Experienced Board: 2198's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 2198 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Sanjiang Fine Chemicals Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Sanjiang Fine Chemicals Company Limited
- Ticker: 2198
- Exchange: SEHK
- Founded: 2009
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: HK$3.046b
- Shares outstanding: 1.19b
- Website: https://www.chinasanjiang.com
Number of Employees
Location
- China Sanjiang Fine Chemicals Company Limited
- Pinghai Road
- Jiaxing Port Area
- Jiaxing
- Zhejiang Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2198 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Sep 2010 |
| 8C9 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2010 |
Biography
China Sanjiang Fine Chemicals Company Limited, an investment holding company, manufactures and supplies ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether, and surfactants i...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 10:19 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.