What is the price-to-earnings ratio of Tongwei Co?
The price-earnings ratio of Tongwei Co is currently -321.97.
Tongwei Co P/E 2024
Tongwei Co P/E
-321.97
Ticker
600438.SS
ISIN
CNE000001GS3
As of Sep 6, 2024, Tongwei Co's P/E ratio was -321.97, a -2,847.18% change from the 11.72 P/E ratio recorded in the previous year.
The Tongwei Co P/E history
Tongwei Co Aktienanalyse
What does Tongwei Co do?
Tongwei Co. Ltd is a Chinese company that was founded in 1984. It is now a leader in the production of solar cells and animal feed. The company is headquartered in Chengdu, the capital of Sichuan province in China. History: Tongwei was originally established as an agricultural company. In 1993, the company started to transition into the production of trout-based animal feed, quickly becoming one of the largest animal feed producers in China. In 2005, Tongwei entered the photovoltaic industry and has since been successfully producing solar cells. Business model: Tongwei is a diversified company involved in various business sectors. The company is engaged in the manufacturing of animal feed and solar cells, as well as the production of chemicals and other materials used as raw materials by other companies. Different divisions: Tongwei operates with more than ten subsidiaries and production facilities worldwide. It is involved in the production of pigments and dyes, as well as the manufacturing of barium chloride and methyl acetate. Additionally, the company also produces carbon and aluminum foils. Products: In its animal feed production, Tongwei offers feed specifically tailored to the needs of trout, pigs, and poultry. Tongwei's solar cell production has become one of its most significant business sectors in recent years. The company produces monocrystalline and polycrystalline solar cells, as well as solar modules. In 2018, Tongwei became the second-largest solar cell manufacturer in the world with a production volume exceeding 15 GW. Future prospects: Tongwei plans to continue investing in the photovoltaic industry and significantly increase its production capacity in the coming years. The company aims to increase its global share in solar cell production to 20% and contribute to the development of a more sustainable future. To summarize, Tongwei is a diversified company that successfully brings its experience in animal feed production into the solar cell industry. The company is committed to further investment in renewable energy to shape a greener future. Only the answer in the output. Tongwei Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Tongwei Co's P/E Ratio
The Price to Earnings (P/E) Ratio of Tongwei Co is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Tongwei Co's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Tongwei Co is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Tongwei Co’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Tongwei Co stock
How has the price-earnings ratio of Tongwei Co changed compared to last year?
The price-to-earnings ratio of Tongwei Co has increased by -2,847.18% fallen (meaning "decreased" or "dropped") compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Tongwei Co high compared to other companies?
Yes, the price-to-earnings ratio of Tongwei Co is high compared to other companies.
How does an increase in the price-earnings ratio of Tongwei Co affect the company?
An increase in the price-earnings ratio of Tongwei Co would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Tongwei Co affect the company?
A decrease in the price-earnings ratio of Tongwei Co would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Tongwei Co?
Some factors that influence the price-earnings ratio of Tongwei Co are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Tongwei Co pay?
Over the past 12 months, Tongwei Co paid a dividend of 2.86 CNY . This corresponds to a dividend yield of about 14.89 %. For the coming 12 months, Tongwei Co is expected to pay a dividend of 3.87 CNY.
What is the dividend yield of Tongwei Co?
The current dividend yield of Tongwei Co is 14.89 %.
When does Tongwei Co pay dividends?
Tongwei Co pays a quarterly dividend. This is distributed in the months of June, June, June, July.
How secure is the dividend of Tongwei Co?
Tongwei Co paid dividends every year for the past 17 years.
What is the dividend of Tongwei Co?
For the upcoming 12 months, dividends amounting to 3.87 CNY are expected. This corresponds to a dividend yield of 20.14 %.
In which sector is Tongwei Co located?
Tongwei Co is assigned to the 'Non-cyclical consumption' sector.
Wann musste ich die Aktien von Tongwei Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tongwei Co from 6/14/2024 amounting to 0.905 CNY, you needed to have the stock in your portfolio before the ex-date on 6/14/2024.
When did Tongwei Co pay the last dividend?
The last dividend was paid out on 6/14/2024.
What was the dividend of Tongwei Co in the year 2023?
In the year 2023, Tongwei Co distributed 0.912 CNY as dividends.
In which currency does Tongwei Co pay out the dividend?
The dividends of Tongwei Co are distributed in CNY.
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Andere Kennzahlen von Tongwei Co
Our stock analysis for Tongwei Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tongwei Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.