Executive Summary
Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Sinopec Shanghai Petrochemical's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 338 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 338's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
338
3.1%
HK Chemicals
0.2%
HK Market
1 Year Return
-10.1%
338
43.6%
HK Chemicals
29.5%
HK Market
Return vs Industry: 338 underperformed the Hong Kong Chemicals industry which returned 46.8% over the past year.
Return vs Market: 338 underperformed the Hong Kong Market which returned 32.2% over the past year.
Shareholder returns
| 338 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 3.1% | 0.2% |
| 30 Day | 4.3% | -0.5% | -0.9% |
| 90 Day | 4.3% | -5.0% | -3.7% |
| 1 Year | -4.1%-10.1% | 51.7%43.6% | 34.4%29.5% |
| 3 Year | -53.1%-62.3% | -17.9%-32.0% | 6.5%-4.7% |
| 5 Year | -29.2%-48.7% | 23.7%-4.5% | 51.6%26.0% |
Long-Term Price Volatility Vs. Market
How volatile is Sinopec Shanghai Petrochemical's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Sinopec Shanghai Petrochemical (HKG:338) Using Debt Sensibly?4 weeks ago | Simply Wall St
Would Shareholders Who Purchased Sinopec Shanghai Petrochemical's (HKG:338) Stock Three Years Be Happy With The Share price Today?1 month ago | Simply Wall St
What You Need To Know About Sinopec Shanghai Petrochemical Company Limited's (HKG:338) Investor CompositionValuation
Is Sinopec Shanghai Petrochemical undervalued compared to its fair value and its price relative to the market?
28.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 338 (HK$1.95) is trading above our estimate of fair value (HK$1.5)
Significantly Below Fair Value: 338 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 338 is poor value based on its PE Ratio (28.1x) compared to the HK Chemicals industry average (10.1x).
PE vs Market: 338 is poor value based on its PE Ratio (28.1x) compared to the Hong Kong market (12x).
Price to Earnings Growth Ratio
PEG Ratio: 338 is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 338 is good value based on its PB Ratio (0.6x) compared to the HK Chemicals industry average (0.8x).
Future Growth
How is Sinopec Shanghai Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
36.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 338's forecast earnings growth (36.9% per year) is above the savings rate (1.5%).
Earnings vs Market: 338's earnings (36.9% per year) are forecast to grow faster than the Hong Kong market (18.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 338's revenue (4.4% per year) is forecast to grow slower than the Hong Kong market (13.1% per year).
High Growth Revenue: 338's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 338's Return on Equity is forecast to be low in 3 years time (11.2%).
Past Performance
How has Sinopec Shanghai Petrochemical performed over the past 5 years?
-25.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 338 has high quality earnings.
Growing Profit Margin: 338's current net profit margins (0.8%) are lower than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: 338's earnings have declined by 25.7% per year over the past 5 years.
Accelerating Growth: 338's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 338 had negative earnings growth (-71.4%) over the past year, making it difficult to compare to the Chemicals industry average (-11.9%).
Return on Equity
High ROE: 338's Return on Equity (2.2%) is considered low.
Financial Health
How is Sinopec Shanghai Petrochemical's financial position?
Financial Position Analysis
Short Term Liabilities: 338's short term assets (CN¥17.3B) exceed its short term liabilities (CN¥15.2B).
Long Term Liabilities: 338's short term assets (CN¥17.3B) exceed its long term liabilities (CN¥161.9M).
Debt to Equity History and Analysis
Debt Level: 338's debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: 338's debt to equity ratio has increased from 10.2% to 15.6% over the past 5 years.
Debt Coverage: 338's debt is well covered by operating cash flow (38.4%).
Interest Coverage: Insufficient data to determine if 338's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Sinopec Shanghai Petrochemical current dividend yield, its reliability and sustainability?
6.12%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 338's dividend (6.12%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.93%).
High Dividend: 338's dividend (6.12%) is in the top 25% of dividend payers in the Hong Kong market (6%)
Stability and Growth of Payments
Stable Dividend: 338's dividend payments have been volatile in the past 10 years.
Growing Dividend: 338's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (172.3%), 338's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 338's dividends in 3 years are forecast to be well covered by earnings (48% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Zemin Guan (55 yo)
1.17yrs
Tenure
Mr. Zemin Guan serves as Executive Director at Sinopec Shanghai Petrochemical Company Limited. Mr. Guan has been President of Sinopec Shanghai Petrochemical Company Limited since February 3, 2020. Mr. Guan...
Leadership Team
Experienced Management: 338's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
Experienced Board: 338's board of directors are considered experienced (3.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sinopec Shanghai Petrochemical Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sinopec Shanghai Petrochemical Company Limited
- Ticker: 338
- Exchange: SEHK
- Founded: 1972
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: HK$38.902b
- Shares outstanding: 10.82b
- Website: https://www.spc.com.cn
Number of Employees
Location
- Sinopec Shanghai Petrochemical Company Limited
- 48 Jinyi Road
- Jinshan District
- Shanghai
- 200540
- China
Listings
Biography
Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People’s Republic of China. It operates through five segments: Synthetic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/21 10:33 |
| End of Day Share Price | 2021/04/21 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.