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Sinopec Shanghai Petrochemical

Market Cap

HK$21.3b

Last Updated

2021/04/16 10:02 UTC

Data Sources

Company Financials +

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


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

3.1%

338

1.2%

HK Chemicals

-1.2%

HK Market


1 Year Return

-4.8%

338

55.9%

HK Chemicals

28.5%

HK Market

Return vs Industry: 338 underperformed the Hong Kong Chemicals industry which returned 43.4% over the past year.

Return vs Market: 338 underperformed the Hong Kong Market which returned 28.8% over the past year.


Shareholder returns

338IndustryMarket
7 Day3.1%1.2%-1.2%
30 Day2.1%-1.5%-1.9%
90 Day10.1%11.5%0.7%
1 Year1.5%-4.8%64.4%55.9%33.9%28.5%
3 Year-51.6%-61.1%-9.6%-24.4%5.7%-6.0%
5 Year-27.7%-47.6%34.2%5.7%53.8%26.6%

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

Valuation

Is Sinopec Shanghai Petrochemical undervalued compared to its fair value and its price relative to the market?

28.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 338 (HK$1.96) is trading above our estimate of fair value (HK$1.43)

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 (28.4x) compared to the HK Chemicals industry average (10.1x).

PE vs Market: 338 is poor value based on its PE Ratio (28.4x) compared to the Hong Kong market (11.7x).


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?

35.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 338's forecast earnings growth (35.8% per year) is above the savings rate (1.5%).

Earnings vs Market: 338's earnings (35.8% per year) are forecast to grow faster than the Hong Kong market (18.4% 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% 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?

6.05%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 16 2021Ex Dividend DateJun 21 2021Dividend Pay DateJul 20 202129 days from Ex DividendBuy in the next 65 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 338's dividend (6.07%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.96%).

High Dividend: 338's dividend (6.07%) is in the top 25% of dividend payers in the Hong Kong market (5.99%)


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$21.323b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 10:02
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.