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Zhejiang Satellite Petrochemical Co., Ltd is currently in a long term uptrend where the price is trading 45.3% above its 200 day moving average.
From a valuation standpoint, the stock is 2.9% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 3.9.
Zhejiang Satellite Petrochemical Co., Ltd's total revenue rose by 0.9% to $3B since the same quarter in the previous year.
Its net income has increased by 21.9% to $428M since the same quarter in the previous year.
Finally, its free cash flow grew by 127.6% to $185M since the same quarter in the previous year.
Based on the above factors, Zhejiang Satellite Petrochemical Co., Ltd gets an overall score of 5/5.
| Sector | Basic Materials |
|---|---|
| Industry | Specialty Chemicals |
| Exchange | SHE |
| CurrencyCode | CNY |
| ISIN | CNE100001B07 |
| Beta | 1.2 |
|---|---|
| PE Ratio | 9.19 |
| Target Price | 24.61 |
| Dividend Yield | 2.1% |
| Market Cap | 61B |
Satellite Chemical Co.,Ltd., a low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally. The company offers ethylene oxide and glycol, high-density polyethylene, and polycarboxylic monomer. It also provides acryclic acid monomer, polymer emulsions and resins, superabsorbent polymers, polypropylene, hydrogen peroxide, and pigment intermediates; and acrylics and esters. Its products are used in aerospace, new energy vehicles, electronic chips, green infrastructure, and healthcare. The company was formerly known as Zhejiang Satellite Petrochemical Co., Ltd. and changed its name to Satellite Chemical Co.,Ltd. in October 2021. Satellite Chemical Co.,Ltd. was founded in 1992 and is headquartered in Jiaxing, China.
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