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.
Undervalued with solid track record.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2198 exceeded the Hong Kong Chemicals industry which returned -43.9% over the past year.
Return vs Market: 2198 underperformed the Hong Kong Market which returned -20.6% over the past year.
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
2 weeks ago | Simply Wall StHow Much Of China Sanjiang Fine Chemicals Company Limited (HKG:2198) Do Institutions Own?
1 month ago | Simply Wall StDon't Sell China Sanjiang Fine Chemicals Company Limited (HKG:2198) Before You Read This
2 months ago | Simply Wall StAre Insiders Buying China Sanjiang Fine Chemicals Company Limited (HKG:2198) Stock?
Is China Sanjiang Fine Chemicals 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: 2198 (HK$1.6) is trading below our estimate of fair value (HK$3.61)
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 (3.1x) compared to the Chemicals industry average (6.5x).
PE vs Market: 2198 is good value based on its PE Ratio (3.1x) compared to the Hong Kong market (9.4x).
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 is good value based on its PB Ratio (0.4x) compared to the HK Chemicals industry average (0.7x).
How is China Sanjiang Fine Chemicals 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 China Sanjiang Fine Chemicals 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 whether China Sanjiang Fine Chemicals is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- China Sanjiang Fine Chemicals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has China Sanjiang Fine Chemicals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2198 has high quality earnings.
Growing Profit Margin: 2198's current net profit margins (6%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: 2198's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: 2198's earnings growth over the past year (38%) exceeds its 5-year average (28.9% per year).
Earnings vs Industry: 2198 earnings growth over the past year (38%) exceeded the Chemicals industry -8.7%.
Return on Equity
High ROE: 2198's Return on Equity (14.4%) is considered low.
How is China Sanjiang Fine Chemicals's financial position?
Financial Position Analysis
Short Term Liabilities: 2198's short term assets (CN¥4.5B) do not cover its short term liabilities (CN¥6.3B).
Long Term Liabilities: 2198's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥28.5M).
Debt to Equity History and Analysis
Debt Level: 2198's debt to equity ratio (101.9%) is considered high.
Reducing Debt: 2198's debt to equity ratio has reduced from 228.5% to 101.9% over the past 5 years.
Debt Coverage: 2198's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: 2198's interest payments on its debt are well covered by EBIT (6.3x coverage).
What is China Sanjiang Fine Chemicals's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2198's dividend (15.58%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.56%).
High Dividend: 2198's dividend (15.58%) is in the top 25% of dividend payers in the Hong Kong market (7.14%)
Stability and Growth of Payments
Stable Dividend: 2198 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2198's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
China Sanjiang Fine Chemicals has no CEO, or we have no data on them.
|Founder & Chairman||no data||CN¥17.97m||1.4% CN¥26.6m|
|Founder & Executive Director||10.08yrs||CN¥1.37m||no data|
|Executive Director||9.67yrs||CN¥572.00k||no data|
|Executive Director||3.08yrs||CN¥798.00k||no data|
|Independent Non-Executive Director||9.67yrs||CN¥105.00k||no data|
|Independent Non-Executive Director||5.83yrs||CN¥105.00k||no data|
|Independent Non-Executive Director||3.75yrs||CN¥105.00k||no data|
Experienced Board: 2198's board of directors are considered experienced (7.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.2%.
China Sanjiang Fine Chemicals Company Limited's company bio, employee growth, exchange listings and data sources
- Name: China Sanjiang Fine Chemicals Company Limited
- Ticker: 2198
- Exchange: SEHK
- Founded: 2009
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: HK$1.904b
- Shares outstanding: 1.19b
- Website: https://www.chinasanjiang.com
Number of Employees
- China Sanjiang Fine Chemicals Company Limited
- Pinghai Road
- Jiaxing Port Area
- Zhejiang Province
|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|
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. Its ethylene oxide is used as an intermediary component for the production of ethylene derivative products and a range of surfactants; ethylene glycol is used to produce other bio-organic chemical products; propylene is used in the production of polypropylene, acrylonitrile, propylene oxide, acetone, etc.; polypropylene is a thermoplastic resin; methyl tert-butyl ether, a gasoline additive used as an oxygenate to raise the octane number and used as a fuel component in fuel for gasoline engines; and surfactants are applied in various industries as scouring agents, moisturizing agents, emulsifiers, and solubilisers. The company also produces and supplies other chemical products, such as C4; crude pentene; and industrial gases, such as oxygen, nitrogen, and argon. In addition, it offers processing services for polypropylene, methyl tert-butyl ether, and surfactants; and lease and storage services. Further, the company engages in the construction and management of a pipe network at Jiaxing Port Chemical Industrial Park; and manufacture and sale of alcohol ethoxylate, nonylphenols, textile auxiliaries, and ethylene and polyethylene. The company was incorporated in 2009 and is headquartered in Jiaxing, the People’s Republic of China. China Sanjiang Fine Chemicals Company Limited is a subsidiary of Sure Capital Holdings Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 14:01|
|End of Day Share Price||2020/04/09 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.