SGX:CH8

Stock Analysis Report

China Sunsine Chemical Holdings

Executive Summary

China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.

Risks

  • China Sunsine Chemical Holdings is covered by less than 3 analysts.

Share Price & News

How has China Sunsine Chemical Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

SGX:CH8

-1.1%

SG Chemicals

0.07%

SG Market


1 Year Return

-14.9%

SGX:CH8

-0.4%

SG Chemicals

-3.5%

SG Market

CH8 underperformed the Chemicals industry which returned -0.4% over the past year.

CH8 underperformed the Market in Singapore which returned -3.5% over the past year.


Share holder returns

CH8IndustryMarket
7 Day-2.8%-1.1%0.07%
30 Day-8.0%-4.7%-6.7%
90 Day-12.0%2.9%-1.5%
1 Year-10.7%-14.9%2.6%-0.4%0.5%-3.5%
3 Year189.3%164.1%94.3%82.0%15.2%2.9%
5 Year292.9%232.3%50.1%39.6%7.4%-10.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is China Sunsine Chemical Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

China Sunsine Chemical Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

China Sunsine Chemical Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

China Sunsine Chemical Holdings is good value based on earnings compared to the SG Chemicals industry average.

China Sunsine Chemical Holdings is good value based on earnings compared to the Singapore market.


Price Based on Expected Growth

China Sunsine Chemical Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

China Sunsine Chemical Holdings is overvalued based on assets compared to the SG Chemicals industry average.


Next Steps

Future Growth

How is China Sunsine Chemical Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

China Sunsine Chemical Holdings's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

China Sunsine Chemical Holdings's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).

China Sunsine Chemical Holdings's revenue growth is positive but not above the Singapore market average.

China Sunsine Chemical Holdings's earnings growth is positive but not above the Singapore market average.

China Sunsine Chemical Holdings's earnings growth is positive but not above the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

China Sunsine Chemical Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has China Sunsine Chemical Holdings performed over the past 5 years?

29.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Sunsine Chemical Holdings has delivered over 20% year on year earnings growth in the past 5 years.

China Sunsine Chemical Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

China Sunsine Chemical Holdings's 1-year earnings growth is negative, it can't be compared to the SG Chemicals industry average.


Return on Equity

China Sunsine Chemical Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

China Sunsine Chemical Holdings used its assets more efficiently than the SG Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

China Sunsine Chemical Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is China Sunsine Chemical Holdings's financial position?


Financial Position Analysis

China Sunsine Chemical Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

China Sunsine Chemical Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

China Sunsine Chemical Holdings has no debt.

China Sunsine Chemical Holdings has no debt compared to 5 years ago when it was 36.5%.

China Sunsine Chemical Holdings has no debt, it does not need to be covered by operating cash flow.

China Sunsine Chemical Holdings has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

China Sunsine Chemical Holdings has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is China Sunsine Chemical Holdings's current dividend yield, its reliability and sustainability?

3.81%

Expected Dividend Yield


Dividend Yield and Payments Analysis

China Sunsine Chemical Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.74%).

China Sunsine Chemical Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.69%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.3x coverage).


Next Steps

Management

What is the CEO of China Sunsine Chemical Holdings's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Jing Fu Liu (67yo)

5.8yrs

Tenure

CN¥115,000

Compensation

Mr. Jing Fu Liu has been the Chief Executive Officer of China Sunsine Chemical Holdings Ltd. since November 22, 2013. Mr. Liu been the Consultant of Heze Electrical, Mechanical and Petrochemical Associatio ...


CEO Compensation Analysis

Jing Fu's remuneration is higher than average for companies of similar size in Singapore.

Jing Fu's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.4yrs

Average Tenure

49yo

Average Age

The tenure for the China Sunsine Chemical Holdings management team is about average.


Board Age and Tenure

9.8yrs

Average Tenure

51.5yo

Average Age

The tenure for the China Sunsine Chemical Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCN¥49,75019 Sep 18
Choon Kong Koh
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50,000
Max PriceCN¥0.99
BuyCN¥55,40011 Sep 18
Lye Heng Tan
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares50,000
Max PriceCN¥1.11

Ownership Breakdown


Management Team

  • Jun Xu (49yo)

    Executive Director

    • Tenure: 12.3yrs
    • Compensation: CN¥91.00k
  • Cheng Qiu Xu (75yo)

    Executive Chairman

    • Tenure: 0.0yrs
    • Compensation: CN¥3.16m
  • Jing Fu Liu (67yo)

    CEO & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥115.00k
  • Xian lei Xu (40yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥101.77k
  • Yiping Tong (41yo)

    Group CFO & Joint Company Secretary

    • Tenure: 3.4yrs
  • Lingna Dai

    Joint Company Secretary

    • Tenure: 1.8yrs

Board Members

  • Paul Tan (54yo)

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: CN¥40.00k
  • Benny Lim (48yo)

    Lead Independent Director

    • Tenure: 3.3yrs
    • Compensation: CN¥50.00k
  • Jun Xu (49yo)

    Executive Director

    • Tenure: 12.3yrs
    • Compensation: CN¥91.00k
  • Cheng Qiu Xu (75yo)

    Executive Chairman

    • Tenure: 0.0yrs
    • Compensation: CN¥3.16m
  • Jing Fu Liu (67yo)

    CEO & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥115.00k
  • Choon Kong Koh (48yo)

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: CN¥45.00k
  • Chun Hua Xu (76yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: CN¥45.00k
  • Xian lei Xu (40yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥101.77k

Company Information

China Sunsine Chemical Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Sunsine Chemical Holdings Ltd.
  • Ticker: CH8
  • Exchange: SGX
  • Founded: 2006
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: S$503.395m
  • Shares outstanding: 488.73m
  • Website: https://www.chinasunsine.com

Number of Employees


Location

  • China Sunsine Chemical Holdings Ltd.
  • No. 11-01, 112 Robinson Road
  • Singapore
  • 68902
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CH8SGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2007
CHMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2007
CHMBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJul 2007

Biography

China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 12:49
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.