Risk factor
Good trading liquidity
Profitability factor
Very favourable analyst view
About
Satellite Chemical Co.,Ltd., based in Jiaxing, China, is a significant producer and distributor of a diverse range of chemical products throughout the country. The company's extensive product portfolio includes acrylic acid and its various esters, such as methyl acrylate, ethyl acrylate, n-butyl acrylate, and isooctyl acrylate. It also manufactures polymer emulsions, resins, and functional polymer materials. Beyond these, Satellite Chemical supplies essential industrial chemicals like ethylene oxide and glycol, high-density polyethylene (HDPE), and polycarboxylic monomer, alongside specialized items such as super absorbent resin, hydrogen peroxide, and pigment intermediaries. Founded in 2010, the company was formerly known as Zhejiang Satellite Petrochemical Co., Ltd. and adopted its current name, Satellite Chemical Co.,Ltd., in October 2021.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITDA,
Target Price
The average target price of 002648.SZ is 38 and suggests 58% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc