SEHK:338

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Sinopec Shanghai Petrochemical

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

Excellent 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

338

-1.8%

HK Chemicals

-0.6%

HK Market


1 Year Return

-34.7%

338

-13.0%

HK Chemicals

0.9%

HK Market

Return vs Industry: 338 underperformed the Hong Kong Chemicals industry which returned -11.6% over the past year.

Return vs Market: 338 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

338IndustryMarket
7 Day-4.5%-1.8%-0.6%
30 Day0%1.5%0.02%
90 Day-22.2%-15.2%-1.7%
1 Year-30.3%-34.7%-7.7%-13.0%5.1%0.9%
3 Year-61.9%-69.4%-40.8%-51.0%-6.1%-16.3%
5 Year-40.0%-56.5%-14.3%-33.7%14.1%-5.3%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 338 (HK$1.47) is trading below our estimate of fair value (HK$5.42)

Significantly Below Fair Value: 338 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 338 is unprofitable, so we can't compare its PE Ratio to the HK Chemicals industry average.

PE vs Market: 338 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 338's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 338's PB Ratio (0.5x) is in line with the HK Chemicals industry average.


Next Steps

Future Growth

How is Sinopec Shanghai Petrochemical forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

75.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 338 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: 338 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 338's is expected to become profitable in the next 3 years.

Revenue vs Market: 338's revenue (7.8% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).

High Growth Revenue: 338's revenue (7.8% 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 (7.6%).


Next Steps

Past Performance

How has Sinopec Shanghai Petrochemical performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 338 is currently unprofitable.

Growing Profit Margin: 338 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 338 is unprofitable, and losses have increased over the past 5 years at a rate of 8.3% per year.

Accelerating Growth: Unable to compare 338's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 338 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-33.5%).


Return on Equity

High ROE: 338 has a negative Return on Equity (-2.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sinopec Shanghai Petrochemical's financial position?


Financial Position Analysis

Short Term Liabilities: 338's short term assets (CN¥16.5B) exceed its short term liabilities (CN¥15.1B).

Long Term Liabilities: 338's short term assets (CN¥16.5B) exceed its long term liabilities (CN¥168.9M).


Debt to Equity History and Analysis

Debt Level: 338's debt to equity ratio (11.2%) is considered satisfactory.

Reducing Debt: 338's debt to equity ratio has reduced from 22.5% to 11.2% over the past 5 years.

Debt Coverage: 338's debt is well covered by operating cash flow (65.1%).

Interest Coverage: Insufficient data to determine if 338's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Sinopec Shanghai Petrochemical current dividend yield, its reliability and sustainability?

9.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 338's dividend (9.45%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 338's dividend (9.45%) is in the top 25% of dividend payers in the Hong Kong market (6.82%)


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: 338 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: 338's dividends in 3 years are forecast to be covered by earnings (50.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Zemin Guan (55 yo)

0.67

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

NamePositionTenureCompensationOwnership
Haijun Wu
Executive Chairman2.83yrsCN¥926.00kno data
Qiang Jin
VP & Executive Director6.33yrsCN¥1.06m0.0028%
CN¥ 952.5k
Wenmin Jin
VP & Executive Director2.33yrsCN¥1.01m0.0016%
CN¥ 555.1k
Zemin Guan
President & Executive Director0.67yrno datano data
Hongjun Chen
Supervisor1yrno data0.00029%
CN¥ 99.4k
Feng Zhang
Employee Representative Supervisor & Auditing Director1yrno data0.000090%
CN¥ 30.8k
Xiangyu Huang
VP & Executive Directorno datano data0.0013%
CN¥ 442.0k
Fei Huang
Deputy President0.33yrno datano data
Sze Ting Chan
Joint Company Secretary2.5yrsno datano data

0.7yrs

Average Tenure

53yo

Average Age

Experienced Management: 338's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Haijun Wu
Executive Chairman2.83yrsCN¥926.00kno data
Qiang Jin
VP & Executive Director6.33yrsCN¥1.06m0.0028%
CN¥ 952.5k
Wenmin Jin
VP & Executive Director2.33yrsCN¥1.01m0.0016%
CN¥ 555.1k
Zemin Guan
President & Executive Director0.67yrno datano data
Hongjun Chen
Supervisor1yrno data0.00029%
CN¥ 99.4k
Feng Zhang
Employee Representative Supervisor & Auditing Director1yrno data0.000090%
CN¥ 30.8k
Xiangyu Huang
VP & Executive Directorno datano data0.0013%
CN¥ 442.0k
Fei Huang
Deputy President0.33yrno datano data
Yuanqin Li
Independent Non-Executive Director3.17yrsCN¥150.00kno data
Yanhui Ma
Chairman of Supervisory Committee3yrsno datano data
Song Tang
Independent Non-Executive Directorno datano datano data
Haifeng Chen
Independent Non-Executive Directorno datano datano data

2.6yrs

Average Tenure

51yo

Average Age

Experienced Board: 338's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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$34.262b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHINYSE (New York Stock Exchange)SPON ADR HUSUSDJul 1993
SHIDB (Deutsche Boerse AG)SPON ADR HDEEURJul 1993
K3DDSGX (Singapore Exchange)SPON ADR HSGUSDJul 1993
SPTJ.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDAug 1993
338SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDAug 1993
SGJHDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURAug 1993
338SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDAug 1993
338SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDAug 1993
600688SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYJun 1994
600688XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYJun 1994

Biography

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People’s Republic of China. The company operates through five segments: ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 12:34
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.