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

Fundamentals

Fair value with moderate growth potential.


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


Market Performance


7 Day Return

-1.4%

CXDC

1.8%

US Auto Components

0.4%

US Market


1 Year Return

-26.0%

CXDC

2.3%

US Auto Components

11.4%

US Market

Return vs Industry: CXDC underperformed the US Auto Components industry which returned 2.3% over the past year.

Return vs Market: CXDC underperformed the US Market which returned 11.4% over the past year.


Shareholder returns

CXDCIndustryMarket
7 Day-1.4%1.8%0.4%
30 Day8.0%5.7%0.3%
90 Day7.5%1.1%-1.2%
1 Year-26.0%-26.0%3.8%2.3%13.9%11.4%
3 Year-51.5%-51.5%12.0%0.3%47.2%37.6%
5 Year-58.6%-58.6%19.2%3.0%62.4%44.6%

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?

1.97x

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 (2x) compared to the Auto Components industry average (16.5x).

PE vs Market: CXDC is good value based on its PE Ratio (2x) compared to the US market (17.7x).


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 (1.2x).


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?

23.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CXDC's forecast earnings growth (23.1% per year) is above the savings rate (2.7%).

Earnings vs Market: CXDC's earnings (23.1% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if CXDC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CXDC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CXDC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has China XD Plastics performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CXDC's earnings have declined by -19.9% per year over the past 5 years.

Accelerating Growth: CXDC's earnings growth over the past year (83.4%) exceeds its 5-year average (-19.9% per year).

Earnings vs Industry: CXDC earnings growth over the past year (83.4%) exceeded the Auto Components industry 8.1%.


Return on Equity

High ROE: CXDC's Return on Equity (8.2%) is considered low.


Return on Assets

ROA vs Industry: CXDC's Return on Assets is below or equal to the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: CXDC's Return on Capital Employed has declined over the past 3 years.


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) exceeds its short term liabilities ($1.5B)

Long Term Liabilities: CXDC's short term assets (1.5B) exceeds its long term liabilities (461.0M)


Debt to Equity History and Analysis

Debt Level: CXDC's debt to equity ratio (104%) is considered high

Reducing Debt: CXDC's debt to equity ratio has increased from 91.5% to 104% over the past 5 years.

Debt Coverage: CXDC's debt is not well covered by operating cash flow (0.2%).

Interest Coverage: CXDC's interest payments on its debt are not well covered by EBIT (2.2x 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 1.6x 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


Stability and Growth of Payments

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.

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

What is the CEO of China XD Plastics's salary, the management and board of directors tenure and is there insider trading?

11.1yrs

Average management tenure


CEO

Jie Han (54yo)

11.8yrs

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 ($USD544.30K) is about average for companies of similar size in the US market ($USD505.79K).

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


Management Age and Tenure

11.1yrs

Average Tenure

44yo

Average Age

Experienced Management: CXDC's management team is seasoned and experienced (11.1 years average tenure).


Board Age and Tenure

9.1yrs

Average Tenure

48yo

Average Age

Experienced Board: CXDC's board of directors are considered experienced (9.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Taylor Dahe (41yo)

    CFO, Secretary & Director

    • Tenure: 10.4yrs
    • Compensation: US$218.40k
  • Junjie Ma (44yo)

    CTO & Head of Research Institute

    • Tenure: 10.4yrs
    • Compensation: US$108.86k
  • Jie Han (54yo)

    Chairman

    • Tenure: 11.8yrs
    • Compensation: US$544.30k
  • Qingwei Ma (45yo)

    COO & Director

    • Tenure: 10.8yrs
    • Compensation: US$317.51k
  • Kenan Gong (41yo)

    Director of Investor Relations

    • Tenure: 0yrs
    • Compensation: US$143.83k
  • Shaojie Wen

    IR Contact of New York

    • Tenure: 0yrs

Board Members

  • Homer Sun (48yo)

    Independent Director

    • Tenure: 7.8yrs
  • Taylor Dahe (41yo)

    CFO, Secretary & Director

    • Tenure: 10.4yrs
    • Compensation: US$218.40k
  • Jie Han (54yo)

    Chairman

    • Tenure: 11.8yrs
    • Compensation: US$544.30k
  • Qingwei Ma (45yo)

    COO & Director

    • Tenure: 10.8yrs
    • Compensation: US$317.51k
  • Linyuan Zhai (70yo)

    Independent Director

    • Tenure: 10.4yrs
    • Compensation: US$9.07k
  • Feng Li (57yo)

    Independent Director

    • Tenure: 6.9yrs
    • Compensation: US$9.07k
  • Chao Bi

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Xigao Jian

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Jian Yu

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Li Xin (42yo)

    Independent Director

    • Tenure: 0.6yrs

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$144.609m
  • 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 Rep ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/24 00:16
End of Day Share Price2019/10/23 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.