China XD Plastics
Market Cap
US$77.7m
Last Updated
2020/07/03 00:11 UTC
Data Sources
Company Financials
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, and Dubai, the United Arab Emirates.
Snowflake Analysis
Overvalued with poor 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
0.9%
CXDC
1.6%
US Auto Components
1.6%
US Market
1 Year Return
-48.0%
CXDC
-11.7%
US Auto Components
4.8%
US Market
Return vs Industry: CXDC underperformed the US Auto Components industry which returned -13.4% over the past year.
Return vs Market: CXDC underperformed the US Market which returned 4.3% over the past year.
Shareholder returns
| CXDC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.6% | 1.6% |
| 30 Day | 30.0% | -1.6% | 2.3% |
| 90 Day | 27.5% | 65.8% | 29.5% |
| 1 Year | -48.0%-48.0% | -10.6%-11.7% | 7.1%4.8% |
| 3 Year | -75.6%-75.6% | -20.5%-28.9% | 37.1%28.1% |
| 5 Year | -79.2%-79.2% | -3.7%-17.8% | 67.2%48.6% |
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
3 months ago | Simply Wall St
What Kind Of Share Price Volatility Should You Expect For China XD Plastics Company Limited (NASDAQ:CXDC)?3 months ago | Simply Wall St
Did Changing Sentiment Drive China XD Plastics's (NASDAQ:CXDC) Share Price Down A Painful 75%?4 months ago | Simply Wall St
What Type Of Shareholder Owns China XD Plastics Company Limited's (NASDAQ:CXDC)?Valuation
Is China XD Plastics undervalued compared to its fair value and its price relative to the market?
0.096x
Price to Book (PB) 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 poor value based on its PE Ratio (25.6x) compared to the Auto Components industry average (15.7x).
PE vs Market: CXDC is poor value based on its PE Ratio (25.6x) compared to the US market (16.4x).
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?
25.0%
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
- Take a look at our analysis of CXDC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Automobiles industry.
Past Performance
How has China XD Plastics performed over the past 5 years?
-24.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CXDC has high quality earnings.
Growing Profit Margin: CXDC's current net profit margins (0.2%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: CXDC's earnings have declined by -19.7% per year over the past 5 years.
Accelerating Growth: CXDC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CXDC had negative earnings growth (-95.1%) over the past year, making it difficult to compare to the Auto Components industry average (3%).
Return on Equity
High ROE: CXDC's Return on Equity (0.4%) is considered low.
Next Steps
Financial Health
How is China XD Plastics's financial position?
Financial Position Analysis
Short Term Liabilities: CXDC's short term assets ($1.3B) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: CXDC's short term assets ($1.3B) exceed its long term liabilities ($520.6M).
Debt to Equity History and Analysis
Debt Level: CXDC's debt to equity ratio (119.9%) is considered high.
Reducing Debt: CXDC's debt to equity ratio has increased from 67.3% to 119.9% 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 (1.1x coverage).
Balance Sheet
Next Steps
Dividend
What is China XD Plastics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CXDC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CXDC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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 (55yo)
12.5yrs
Tenure
US$522,049
Compensation
Mr. Jie Han has been the Chief Executive Officer and President of China XD Plastics Company Ltd. since January 2008. Mr. Han served as the Chief Financial Officer and Chief Executive Officer of NB Telecom, ...
CEO Compensation Analysis
Compensation vs Market: Jie's total compensation ($USD522.05K) is about average for companies of similar size in the US market ($USD606.89K).
Compensation vs Earnings: Jie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.5yrs | US$522.05k | 40.49% $31.4m | |
| CFO, Secretary & Director | 11.17yrs | US$221.91k | no data | |
| Chief Operating Officer & Chief Technology Officer | 11.58yrs | US$139.21k | no data | |
| CTO & Head of Research Institute | 11.17yrs | US$108.86k | no data | |
| Director of Investor Relations | no data | US$143.83k | no data | |
| IR Contact of New York | no data | no data | no data |
11.4yrs
Average Tenure
45yo
Average Age
Experienced Management: CXDC's management team is seasoned and experienced (11.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.5yrs | US$522.05k | 40.49% $31.4m | |
| CFO, Secretary & Director | 11.17yrs | US$221.91k | no data | |
| Independent Director | 11.17yrs | US$8.60k | 0.016% $12.6k | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 0.50yr | no data | no data |
5.8yrs
Average Tenure
57yo
Average Age
Experienced Board: CXDC's board of directors are considered experienced (5.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.4%.
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$77.661m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CXDC | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Dec 2008 |
| 02Y | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 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, and Dubai, the United Arab Emirates. 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; and polymer composite materials. Its products are also used in high-speed railways, airplanes, ships, and electronic appliances. 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 headquartered in Harbin, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/03 00:11 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.