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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 |
| Dividend Yield | 0.8% |
|---|---|
| Beta | 0.42 |
| PE Ratio | 54.8 |
| Target Price | 32 |
| Market Cap | 32B |
Red Avenue New Materials Group Co., Ltd. engages in the research, development, production, processing, and sales of fine chemical raw materials, chemical products, rubber and plastic processing aids, accelerators, microelectronic materials, and biodegradable plastic in China and internationally. The company offers resins, such as tackifying resin, P-tert-butyl Phenol formaldehyde tackifying resin, P-octyl Phenol formaldehyde tackifying resin, straight Phenol formaldehyde tackifying resin, tall oil modification Phenol formaldehyde resin, CNSL modified phenol formaldehyde reinforcing resin, and resorcinol formaldehyde resin, as well as curing, wet grp, anti-tear, tread, and sidewall resin. It also provides rubber processing aids, silica and functional additives, environment friendly chemical peptizer, anti-reversion agent, homogenizer, and coupling agent for CB; and vulcanizing agent, tackifier and silca activator, silica and silane, high styrene resin and antioxidant, rubber wax, tread grip resin, rubber additives, rubber environment-friendly oil, cobalt, and rayon. In addition, the company offers phenolic resin for CCL, LCD, and OLED; KrF DUV Photoresist, I/G line positive tone photoresist, thick film positive, lift off negative resist, BP positive resist, ArF, EBR, and PMA; high fine black photoresist for color filter, display resist or TFT-LCD, and AMOLED positive photoresist; biodegradable products for daily use, food contact, and agriculture applications; and other industrial products comprising P-Tert-Butylphenol, catalyst, and industrial phenolic resins. The company was founded in 1999 and is headquartered in Shanghai, China.
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