NasdaqGM:CXDC

Stock Analysis Report

Executive Summary

China XD Plastics Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of modified plastics primarily for automotive applications in the People’s Republic of China the United Arab Emirates, and internationally.


Snowflake Analysis

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has China XD Plastics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CXDC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.4%

CXDC

-0.7%

US Auto Components

-1.1%

US Market


1 Year Return

-46.8%

CXDC

-9.3%

US Auto Components

17.8%

US Market

Return vs Industry: CXDC underperformed the US Auto Components industry which returned -9.3% over the past year.

Return vs Market: CXDC underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

CXDCIndustryMarket
7 Day-8.4%-0.7%-1.1%
30 Day-28.6%-3.2%1.5%
90 Day-23.2%-5.4%6.6%
1 Year-46.8%-46.8%-7.9%-9.3%20.2%17.8%
3 Year-70.1%-70.1%-8.7%-17.9%47.5%38.1%
5 Year-66.9%-66.9%1.6%-12.9%71.2%52.4%

Price Volatility Vs. Market

How volatile is China XD Plastics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China XD Plastics undervalued compared to its fair value and its price relative to the market?

1.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CXDC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CXDC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CXDC is good value based on its PE Ratio (1.2x) compared to the Auto Components industry average (17.3x).

PE vs Market: CXDC is good value based on its PE Ratio (1.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CXDC is good value based on its PB Ratio (0.1x) compared to the US Auto Components industry average (1.3x).


Next Steps

Future Growth

How is China XD Plastics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.0%

Forecasted Automobiles 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 XD Plastics 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 XD Plastics performed over the past 5 years?

-17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CXDC has a high level of non-cash earnings.

Growing Profit Margin: CXDC's current net profit margins (4.2%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: CXDC's earnings have declined by -17.1% per year over the past 5 years.

Accelerating Growth: CXDC's earnings growth over the past year (133.2%) exceeds its 5-year average (-17.1% per year).

Earnings vs Industry: CXDC earnings growth over the past year (133.2%) exceeded the Auto Components industry -3%.


Return on Equity

High ROE: CXDC's Return on Equity (9.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China XD Plastics's financial position?


Financial Position Analysis

Short Term Liabilities: CXDC's short term assets ($1.5B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: CXDC's short term assets ($1.5B) exceed its long term liabilities ($479.3M).


Debt to Equity History and Analysis

Debt Level: CXDC's debt to equity ratio (100.7%) is considered high.

Reducing Debt: CXDC's debt to equity ratio has increased from 76.6% to 100.7% over the past 5 years.

Debt Coverage: CXDC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CXDC's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: CXDC has a high level of physical assets or inventory.

Debt Coverage by Assets: CXDC's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is China XD Plastics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CXDC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CXDC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CXDC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CXDC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CXDC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

11.4yrs

Average management tenure


CEO

Jie Han (54yo)

12.1yrs

Tenure

US$544,300

Compensation

Mr. Jie Han has been the Chief Executive Officer and President of China XD Plastics Company Ltd. since January 2008. Mr. Han served as the Chief Financial Officer and Chief Executive Officer of NB Telecom, ...


CEO Compensation Analysis

Compensation vs Market: Jie's total compensation ($USD544.30K) is about average for companies of similar size in the US market ($USD521.92K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jie Han
Chairman12.1yrsUS$544.30k40.49% $38.5m
Zhang Dahe
CFO, Secretary & Director10.8yrsUS$218.40kno data
Qingwei Ma
Chief Operating Officer12.1yrsUS$317.51kno data
Junjie Ma
CTO & Head of Research Institute10.8yrsUS$108.86kno data
Kenan Gong
Director of Investor Relations0yrsUS$143.83kno data
Shaojie Wen
IR Contact of New York0yrsno datano data

11.4yrs

Average Tenure

44yo

Average Age

Experienced Management: CXDC's management team is seasoned and experienced (11.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jie Han
Chairman12.1yrsUS$544.30k40.49% $38.5m
Zhang Dahe
CFO, Secretary & Director10.8yrsUS$218.40kno data
Homer Sun
Independent Director8.1yrsno datano data
Linyuan Zhai
Independent Director10.8yrsUS$9.07k0.016% $15.4k
Chao Bi
Member of Scientific Advisory Board0yrsno datano data
Xigao Jian
Member of Scientific Advisory Board0yrsno datano data
Jian Yu
Member of Scientific Advisory Board0yrsno datano data
Yan Jin
Member of Scientific Advisory Board0yrsno datano data
Huiyi Chen
Independent Director0.08yrsno datano data
Guanbao Huang
Independent Director0.08yrsno datano data

8.1yrs

Average Tenure

55yo

Average Age

Experienced Board: CXDC's board of directors are considered experienced (8.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CXDC 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

China XD Plastics Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China XD Plastics Company Limited
  • Ticker: CXDC
  • Exchange: NasdaqGM
  • Founded: 1985
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$95.067m
  • Shares outstanding: 66.95m
  • Website: https://www.chinaxd.net

Number of Employees


Location

  • China XD Plastics Company Limited
  • No. 9 Dalian North Road
  • Haping Road Centralized Industrial Park
  • Harbin
  • Heilongjiang Province
  • 150060
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CXDCNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDDec 2008
02YDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2008

Biography

China XD Plastics Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of modified plastics primarily for automotive applications in the People’s Republic of China the United Arab Emirates, and internationally. Its modified plastics are used to fabricate various auto components, including exteriors consisting of automobile bumpers, rearview and sideview mirrors, and license plate parts; interiors, such as door panels, dashboards, steering wheels, glove compartments, and safety belt components; and functional components comprising air conditioner casings, heating and ventilation casings, engine covers, and air ducts. The company also offers engineered plastics and environment-friendly plastics for use in oilfield equipment, mining equipment, vessel propulsion systems, and power station equipment. Its products are also used in high-speed railways, airplanes, and ships. The company sells its products through distributors, as well as directly to end customers. China XD Plastics Company Limited was founded in 1985 and is based in Harbin, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 01:33
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
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.