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Red Avenue New Materials Group Co., Ltd is currently in a long term uptrend where the price is trading 30.9% above its 200 day moving average.
From a valuation standpoint, the stock is 146.6% more expensive than other stocks from the Basic Materials sector with a price to sales ratio of 9.9.
Red Avenue New Materials Group Co., Ltd's total revenue rose by 8.8% to $557M since the same quarter in the previous year.
Its net income has increased by 56.8% to $149M since the same quarter in the previous year.
Finally, its free cash flow fell by 60.8% to $45M since the same quarter in the previous year.
Based on the above factors, Red Avenue New Materials Group Co., Ltd gets an overall score of 3/5.
| Exchange | SHG |
|---|---|
| CurrencyCode | CNY |
| Sector | Basic Materials |
| Industry | Specialty Chemicals |
| ISIN | CNE1000036G1 |
| Beta | -0.15 |
|---|---|
| PE Ratio | 37.12 |
| Target Price | 32 |
| Market Cap | 20B |
| Dividend Yield | None |
Red Avenue New Materials Group Co., Ltd. research, develops, produces, and sells new materials in China and internationally. The company offers tackifying resins; P-tert-butyl, P-octyl, tail oil modification, phenol-formaldehyde tackifying resins; CNSL modified phenol formaldehyde reinforcing resin; resorcinol formaldehyde resin; and curing, wet grp, anti-tear, tread, and sidewall resin. It also provides rubber processing aids, silica and functional additives, chemical peptizer, anti-reversion agent, homogenizer, and coupling agent for CB. In addition, the company offers electronic resins, IC and display photoresist, and electronic grade EBR; and biodegradable materials for replacing disposable films, and shipment packaging, as well as agricultural mulch films, textile fibers, food contact applications, automotive products, foam products, 3D printing materials, and other applications. Further, it provides P-Tert-Butylphenol, catalysts, and industrial phenolic resins comprising of can coating, foundry, friction, coated abrasives, composite materials, and molding compound. The company was founded in 1999 and is headquartered in Shanghai, China.
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