We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt
May 28
Chinese (SSE) Commodity Chemicals Industry Analysis
UpdatedMay 28, 2024
DataAggregated Company Financials
Companies263
- 7D-3.9%
- 3M4.8%
- 1Y-13.2%
- YTDn/a
Over the last 7 days, the Commodity Chemicals industry has dropped 3.9%, driven by a pullback from Hengli PetrochemicalLtd of 5.5%. Meanwhile, Poly Plastic Masterbatch (SuZhou)Ltd actually outperformed within the industry, gaining 20% in the last week. The industry has fallen 13% in the last year. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Chinese Commodity Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | CN¥2.3t | CN¥2.3t | CN¥68.0b | 32.2x | 33.3x | 1x |
| Fri, 26 Apr 2024 | CN¥2.2t | CN¥2.3t | CN¥67.2b | 29.1x | 32.8x | 1x |
| Sun, 24 Mar 2024 | CN¥2.2t | CN¥2.2t | CN¥61.4b | 31x | 36.1x | 1x |
| Tue, 20 Feb 2024 | CN¥2.0t | CN¥2.2t | CN¥59.1b | 27.5x | 34.4x | 0.9x |
| Thu, 18 Jan 2024 | CN¥2.2t | CN¥2.2t | CN¥58.9b | 35.7x | 37.5x | 1x |
| Sat, 16 Dec 2023 | CN¥2.3t | CN¥2.2t | CN¥58.1b | 37.5x | 39.3x | 1x |
| Mon, 13 Nov 2023 | CN¥2.4t | CN¥2.2t | CN¥58.6b | 38.2x | 41.6x | 1.1x |
| Wed, 11 Oct 2023 | CN¥2.4t | CN¥2.2t | CN¥56.7b | 35.4x | 42.5x | 1.1x |
| Fri, 08 Sep 2023 | CN¥2.5t | CN¥2.2t | CN¥57.4b | 36x | 43.4x | 1.1x |
| Sun, 06 Aug 2023 | CN¥2.6t | CN¥2.2t | CN¥87.6b | 29.6x | 30x | 1.2x |
| Tue, 04 Jul 2023 | CN¥2.6t | CN¥2.2t | CN¥88.1b | 31.1x | 29.4x | 1.2x |
| Thu, 01 Jun 2023 | CN¥2.5t | CN¥2.2t | CN¥87.3b | 29.4x | 28.8x | 1.1x |
| Sat, 29 Apr 2023 | CN¥2.6t | CN¥2.2t | CN¥110.3b | 28.7x | 24x | 1.2x |
| Mon, 27 Mar 2023 | CN¥2.8t | CN¥2.2t | CN¥150.1b | 28.2x | 18.9x | 1.3x |
| Wed, 22 Feb 2023 | CN¥3.1t | CN¥2.2t | CN¥153.2b | 29.7x | 20.1x | 1.4x |
| Fri, 20 Jan 2023 | CN¥2.9t | CN¥2.2t | CN¥153.2b | 28.8x | 19.2x | 1.4x |
| Sun, 18 Dec 2022 | CN¥2.9t | CN¥2.2t | CN¥153.2b | 27.4x | 18.8x | 1.3x |
| Tue, 15 Nov 2022 | CN¥2.9t | CN¥2.2t | CN¥153.2b | 27x | 18.8x | 1.3x |
| Thu, 13 Oct 2022 | CN¥2.8t | CN¥2.1t | CN¥176.5b | 25.5x | 16x | 1.4x |
| Sat, 10 Sep 2022 | CN¥3.2t | CN¥2.1t | CN¥175.2b | 29.1x | 18.2x | 1.6x |
| Mon, 08 Aug 2022 | CN¥3.2t | CN¥1.9t | CN¥174.0b | 29.5x | 18.5x | 1.7x |
| Wed, 06 Jul 2022 | CN¥3.3t | CN¥1.9t | CN¥173.9b | 28.6x | 19.2x | 1.7x |
| Fri, 03 Jun 2022 | CN¥3.0t | CN¥1.9t | CN¥174.0b | 24.8x | 17x | 1.5x |
| Sun, 01 May 2022 | CN¥2.6t | CN¥1.9t | CN¥175.1b | 23.2x | 15x | 1.4x |
| Tue, 29 Mar 2022 | CN¥2.9t | CN¥1.8t | CN¥161.8b | 28.6x | 18.2x | 1.7x |
| Thu, 24 Feb 2022 | CN¥3.3t | CN¥1.7t | CN¥147.5b | 34.2x | 22.6x | 2x |
| Sat, 22 Jan 2022 | CN¥2.9t | CN¥1.6t | CN¥145.4b | 32.4x | 20.2x | 1.8x |
| Mon, 20 Dec 2021 | CN¥3.2t | CN¥1.6t | CN¥144.8b | 33.9x | 22x | 1.9x |
| Wed, 17 Nov 2021 | CN¥3.0t | CN¥1.6t | CN¥144.1b | 33.3x | 20.9x | 1.8x |
| Fri, 15 Oct 2021 | CN¥3.0t | CN¥1.5t | CN¥127.1b | 30.5x | 23.8x | 2x |
| Sun, 12 Sep 2021 | CN¥3.5t | CN¥1.5t | CN¥126.8b | 33.8x | 27.6x | 2.3x |
| Tue, 10 Aug 2021 | CN¥3.0t | CN¥1.5t | CN¥126.6b | 31.1x | 23.9x | 2x |
Price to Earnings Ratio
24.6x
Current Industry PE
- Investors are optimistic on the Chinese Commodity Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.3x which is higher than its 3-year average PE of 25.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Commodity Chemicals industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 18% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Chinese Commodity Chemicals compare with similar industries?
| CN Market | -2.34% | |
| Materials | -3.89% | |
| Chemicals | -3.24% | |
| Commodity Chemicals | -3.89% | |
| Industrial Gases | -1.64% | |
| Specialty Chemicals | -1.99% | |
| Diversified Chemicals | -2.25% | |
| Fertilizers and Agricultural Chemicals | -4.05% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 603650 Red Avenue New Materials Group | CN¥30.90 | 12.0% +CN¥2.0b | -11.3% | PE39.6x | |
| 600301 Guangxi Huaxi Nonferrous MetalLtd | CN¥19.99 | 12.6% +CN¥1.4b | 14.2% | PE32x | |
| 2395 Wuxi Double Elephant Micro Fibre MaterialLtd | CN¥17.94 | 19.0% +CN¥767.1m | 48.3% | PE71.5x | |
| 688549 GrandiT | CN¥6.76 | 6.8% +CN¥635.2m | n/a | PE443.2x | |
| 2886 Shenzhen WOTE Advanced MaterialsLtd | CN¥17.05 | 14.2% +CN¥553.3m | -4.3% | PE717.5x |
