SEHK:8073

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

China Singyes New Materials Holdings

Executive Summary

China Singyes New Materials Holdings Limited, an investment holding company, engages in the research and development, manufacture, sale, and installation of indium tin oxide films and related downstream products, principally in Mainland China. More Details


Snowflake Analysis

Excellent balance sheet unattractive dividend payer.

Share Price & News

How has China Singyes New Materials Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8073 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 27% a week.

Volatility Over Time: 8073's weekly volatility has increased from 15% to 27% over the past year.


Market Performance


7 Day Return

-1.3%

8073

2.6%

HK Chemicals

-1.0%

HK Market


1 Year Return

-40.0%

8073

9.9%

HK Chemicals

9.0%

HK Market

Return vs Industry: 8073 underperformed the Hong Kong Chemicals industry which returned 11.7% over the past year.

Return vs Market: 8073 underperformed the Hong Kong Market which returned 9.8% over the past year.


Shareholder returns

8073IndustryMarket
7 Day-1.3%2.6%-1.0%
30 Day66.0%21.2%5.9%
90 Day56.0%18.6%7.5%
1 Year-38.4%-40.0%16.3%9.9%13.4%9.0%
3 Year-65.9%-67.5%-20.1%-33.8%2.4%-8.3%
5 Yearn/a23.5%-3.5%36.9%13.8%

Long-Term Price Volatility Vs. Market

How volatile is China Singyes New Materials Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Singyes New Materials Holdings undervalued compared to its fair value and its price relative to the market?

12.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8073 (HK$0.39) is trading above our estimate of fair value (HK$0.12)

Significantly Below Fair Value: 8073 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8073 is poor value based on its PE Ratio (12.7x) compared to the HK Chemicals industry average (7.9x).

PE vs Market: 8073 is poor value based on its PE Ratio (12.7x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8073's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8073's PB Ratio (0.7x) is in line with the HK Chemicals industry average.


Next Steps

Future Growth

How is China Singyes New Materials Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.8%

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 Singyes New Materials Holdings 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.


Next Steps

Past Performance

How has China Singyes New Materials Holdings performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8073 has a large one-off gain of CN¥6.4M impacting its September 30 2020 financial results.

Growing Profit Margin: 8073's current net profit margins (11.8%) are lower than last year (12.8%).


Past Earnings Growth Analysis

Earnings Trend: 8073's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: 8073's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8073 had negative earnings growth (-22.7%) over the past year, making it difficult to compare to the Chemicals industry average (-39.4%).


Return on Equity

High ROE: 8073's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is China Singyes New Materials Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8073's short term assets (CN¥208.1M) exceed its short term liabilities (CN¥50.6M).

Long Term Liabilities: 8073's short term assets (CN¥208.1M) exceed its long term liabilities (CN¥10.2M).


Debt to Equity History and Analysis

Debt Level: 8073's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: 8073's debt to equity ratio has reduced from 2.4% to 1.3% over the past 5 years.

Debt Coverage: 8073's debt is well covered by operating cash flow (275.5%).

Interest Coverage: Insufficient data to determine if 8073's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is China Singyes New Materials Holdings's current dividend yield, its reliability and sustainability?

2.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8073's dividend (2.56%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.2%).

High Dividend: 8073's dividend (2.56%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.66%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 8073 has been paying a dividend for less than 10 years.

Growing Dividend: 8073's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), 8073'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?

3.8yrs

Average board tenure


CEO

Jinli Sun (56 yo)

no data

Tenure

CN¥445,000

Compensation

Mr. Jinli Sun serves as Deputy President at China Shuifa Singyes Energy Holdings Limited. He serves as Chief Executive Officer and Compliance Officer of China Singyes New Materials Holdings Limited. Mr. Su...


CEO Compensation Analysis

Compensation vs Market: Jinli's total compensation ($USD68.02K) is below average for companies of similar size in the Hong Kong market ($USD230.79K).

Compensation vs Earnings: Jinli's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Hongwei Liu
Founder & Chairmanno dataCN¥185.00kno data
Jinli Sun
CEO, Compliance Officer & Executive Directorno dataCN¥445.00kno data
Chao Zhang
Executive Director4.75yrsCN¥450.00kno data
Liwen Tang
Executive Director4.25yrsCN¥594.00kno data
Jianli Pan
Independent Non Executive Director1yrCN¥11.00kno data
Ling Li
Independent Non-Executive Director3.42yrsCN¥132.00kno data
Jianguo Pan
Independent Non Executive Director1yrCN¥11.00kno data

3.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 8073's board of directors are considered experienced (3.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Singyes New Materials Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Singyes New Materials Holdings Limited
  • Ticker: 8073
  • Exchange: SEHK
  • Founded: 2010
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: HK$202.800m
  • Shares outstanding: 520.00m
  • Website: https://www.syeamt.com

Number of Employees


Location

  • China Singyes New Materials Holdings Limited
  • Factory Building No.7
  • Levels 1 and 2
  • Zhuhai
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8073SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2017

Biography

China Singyes New Materials Holdings Limited, an investment holding company, engages in the research and development, manufacture, sale, and installation of indium tin oxide films and related downstream pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 10:12
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
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.