Shenzhen Agricultural Products Group Co., Ltd. Logo

Shenzhen Agricultural Products Group Co., Ltd.

000061.SZ

(2.2)
Stock Price

5,52 CNY

1.82% ROA

6.21% ROE

29.52x PER

Market Cap.

10.724.660.800,00 CNY

123.23% DER

0.63% Yield

6.56% NPM

Shenzhen Agricultural Products Group Co., Ltd. Stock Analysis

Shenzhen Agricultural Products Group Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Shenzhen Agricultural Products Group Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 Revenue Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

2 Dividend

The company's consistent dividend payouts over the past five years exemplify its strong commitment to providing shareholders with reliable returns, making it an attractive investment option.

3 ROE

ROE in an average range (4.43%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (1.27%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.87x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (90) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

8 DER

The stock is burdened with a heavy load of debt (129%), making it financially unstable and potentially risky for investors.

9 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

10 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

11 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

Shenzhen Agricultural Products Group Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Shenzhen Agricultural Products Group Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Shenzhen Agricultural Products Group Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Shenzhen Agricultural Products Group Co., Ltd. Revenue
Year Revenue Growth
1993 24.213.375
1994 72.265.555 66.49%
1995 99.201.961 27.15%
1996 95.662.595 -3.7%
1997 155.822.522 38.61%
1998 358.348.015 56.52%
1999 606.108.881 40.88%
2000 1.271.586.220 52.33%
2001 1.518.917.064 16.28%
2002 1.969.108.919 22.86%
2003 2.500.550.538 21.25%
2004 2.271.040.289 -10.11%
2005 2.408.232.099 5.7%
2006 1.700.469.939 -41.62%
2007 1.425.696.551 -19.27%
2008 1.279.996.696 -11.38%
2009 1.245.954.899 -2.73%
2010 1.370.820.363 9.11%
2011 1.795.680.889 23.66%
2012 1.681.976.907 -6.76%
2013 2.182.425.154 22.93%
2014 1.648.246.571 -32.41%
2015 1.736.650.723 5.09%
2016 2.020.079.117 14.03%
2017 2.446.281.449 17.42%
2018 2.302.055.708 -6.27%
2019 2.852.962.645 19.31%
2020 3.174.447.984 10.13%
2021 4.092.180.921 22.43%
2022 4.353.580.540 6%
2023 5.499.040.655 20.83%
2023 5.409.001.761 -1.66%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Shenzhen Agricultural Products Group Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 4.260.587 100%
2018 7.200.731 40.83%
2019 9.434.160 23.67%
2020 7.248.094 -30.16%
2021 9.174.115 20.99%
2022 16.790.164 45.36%
2023 10.873.349 -54.42%
2023 12.876.147 15.55%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Shenzhen Agricultural Products Group Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
1993 13.455.719
1994 13.760.935 2.22%
1995 18.043.213 23.73%
1996 14.977.519 -20.47%
1997 28.490.657 47.43%
1998 58.913.718 51.64%
1999 72.589.492 18.84%
2000 164.442.803 55.86%
2001 179.096.382 8.18%
2002 152.394.831 -17.52%
2003 213.533.056 28.63%
2004 223.872.316 4.62%
2005 245.913.246 8.96%
2006 233.755.833 -5.2%
2007 253.132.223 7.65%
2008 292.618.256 13.49%
2009 292.236.518 -0.13%
2010 111.327.518 -162.5%
2011 159.526.600 30.21%
2012 126.049.606 -26.56%
2013 112.935.718 -11.61%
2014 110.404.048 -2.29%
2015 101.666.982 -8.59%
2016 104.950.826 3.13%
2017 90.690.370 -15.72%
2018 80.556.213 -12.58%
2019 70.862.355 -13.68%
2020 54.530.332 -29.95%
2021 61.957.642 11.99%
2022 79.232.406 21.8%
2023 1.167.791.136 93.22%
2023 75.582.060 -1445.06%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Shenzhen Agricultural Products Group Co., Ltd. EBITDA
Year EBITDA Growth
1993 7.908.983
1994 6.340.840 -24.73%
1995 22.888.421 72.3%
1996 33.284.553 31.23%
1997 54.566.237 39%
1998 104.512.293 47.79%
1999 120.695.548 13.41%
2000 249.769.325 51.68%
2001 224.264.459 -11.37%
2002 312.169.814 28.16%
2003 266.559.203 -17.11%
2004 216.703.470 -23.01%
2005 345.672.003 37.31%
2006 257.455.274 -34.26%
2007 542.371.578 52.53%
2008 435.391.496 -24.57%
2009 503.471.226 13.52%
2010 608.792.193 17.3%
2011 666.755.359 8.69%
2012 545.545.534 -22.22%
2013 754.714.220 27.71%
2014 691.324.706 -9.17%
2015 718.115.402 3.73%
2016 965.571.613 25.63%
2017 885.457.376 -9.05%
2018 1.021.336.368 13.3%
2019 1.328.725.672 23.13%
2020 1.380.990.963 3.78%
2021 1.433.796.744 3.68%
2022 1.251.856.041 -14.53%
2023 1.013.759.618 -23.49%
2023 1.326.009.820 23.55%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Shenzhen Agricultural Products Group Co., Ltd. Gross Profit
Year Gross Profit Growth
1993 22.342.857
1994 28.116.356 20.53%
1995 52.999.141 46.95%
1996 61.078.869 13.23%
1997 109.821.320 44.38%
1998 195.713.920 43.89%
1999 242.540.350 19.31%
2000 371.436.470 34.7%
2001 399.568.348 7.04%
2002 489.669.261 18.4%
2003 606.554.261 19.27%
2004 621.810.431 2.45%
2005 636.698.479 2.34%
2006 564.194.666 -12.85%
2007 661.957.161 14.77%
2008 613.679.283 -7.87%
2009 624.965.940 1.81%
2010 422.590.243 -47.89%
2011 640.417.391 34.01%
2012 595.549.653 -7.53%
2013 840.764.775 29.17%
2014 759.050.321 -10.77%
2015 843.241.831 9.98%
2016 705.417.557 -19.54%
2017 923.406.952 23.61%
2018 853.276.018 -8.22%
2019 1.031.367.985 17.27%
2020 1.143.370.494 9.8%
2021 1.328.098.516 13.91%
2022 1.205.341.625 -10.18%
2023 1.671.030.615 27.87%
2023 1.430.090.973 -16.85%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Shenzhen Agricultural Products Group Co., Ltd. Net Profit
Year Net Profit Growth
1993 8.976.571
1994 13.456.083 33.29%
1995 17.905.040 24.85%
1996 28.966.152 38.19%
1997 55.063.967 47.4%
1998 65.315.335 15.7%
1999 69.692.437 6.28%
2000 89.219.566 21.89%
2001 87.477.449 -1.99%
2002 148.810.813 41.22%
2003 68.038.704 -118.71%
2004 10.576.667 -543.29%
2005 13.883.371 23.82%
2006 50.015.842 72.24%
2007 170.669.294 70.69%
2008 53.067.901 -221.61%
2009 85.187.634 37.7%
2010 276.948.019 69.24%
2011 206.819.213 -33.91%
2012 47.825.253 -332.45%
2013 111.288.271 57.03%
2014 84.377.040 -31.89%
2015 20.555.123 -310.49%
2016 88.459.545 76.76%
2017 13.892.078 -536.76%
2018 42.767.102 67.52%
2019 310.169.369 86.21%
2020 315.330.883 1.64%
2021 374.189.925 15.73%
2022 202.305.342 -84.96%
2023 398.739.385 49.26%
2023 448.938.961 11.18%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Shenzhen Agricultural Products Group Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Shenzhen Agricultural Products Group Co., Ltd. Free Cashflow
Year Free Cashflow Growth
1998 -98.529.097
1999 6.958.595 1515.93%
2000 -20.259.205 134.35%
2001 -108.558.562 81.34%
2002 -89.627.062 -21.12%
2003 -147.729.849 39.33%
2004 -209.034.470 29.33%
2005 99.176.423 310.77%
2006 -4.900.818 2123.67%
2007 195.677.363 102.5%
2008 -396.895.018 149.3%
2009 -6.113.340 -6392.28%
2010 -250.498.620 97.56%
2011 -1.660.225.326 84.91%
2012 -959.461.328 -73.04%
2013 -1.106.737.586 13.31%
2014 -1.293.412.347 14.43%
2015 -635.591.772 -103.5%
2016 -769.036.101 17.35%
2017 -49.931.799 -1440.17%
2018 709.980.602 107.03%
2019 276.780.280 -156.51%
2020 -274.146.350 200.96%
2021 584.166.046 146.93%
2022 481.226.638 -21.39%
2023 -131.957.309 464.68%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Shenzhen Agricultural Products Group Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
1998 17.998.832
1999 108.258.676 83.37%
2000 224.867.541 51.86%
2001 106.017.983 -112.1%
2002 139.631.565 24.07%
2003 173.763.448 19.64%
2004 136.997.824 -26.84%
2005 335.517.245 59.17%
2006 346.271.789 3.11%
2007 705.958.272 50.95%
2008 278.828.607 -153.19%
2009 516.512.888 46.02%
2010 663.279.137 22.13%
2011 -272.866.107 343.08%
2012 284.607.483 195.87%
2013 190.203.067 -49.63%
2014 722.412.135 73.67%
2015 1.162.634.539 37.86%
2016 527.937.262 -120.22%
2017 771.773.024 31.59%
2018 1.247.423.260 38.13%
2019 928.067.073 -34.41%
2020 699.131.783 -32.75%
2021 1.242.612.135 43.74%
2022 856.248.895 -45.12%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Shenzhen Agricultural Products Group Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
1998 116.527.929
1999 101.300.081 -15.03%
2000 245.126.746 58.67%
2001 214.576.545 -14.24%
2002 229.258.627 6.4%
2003 321.493.297 28.69%
2004 346.032.294 7.09%
2005 236.340.822 -46.41%
2006 351.172.607 32.7%
2007 510.280.909 31.18%
2008 675.723.625 24.48%
2009 522.626.228 -29.29%
2010 913.777.757 42.81%
2011 1.387.359.220 34.14%
2012 1.244.068.812 -11.52%
2013 1.296.940.653 4.08%
2014 2.015.824.482 35.66%
2015 1.798.226.311 -12.1%
2016 1.296.973.362 -38.65%
2017 821.704.824 -57.84%
2018 537.442.658 -52.89%
2019 651.286.793 17.48%
2020 973.278.133 33.08%
2021 658.446.089 -47.81%
2022 375.022.257 -75.58%
2023 131.957.309 -184.2%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Shenzhen Agricultural Products Group Co., Ltd. Equity
Year Equity Growth
1993 30.813.165
1994 41.910.796 26.48%
1995 94.987.327 55.88%
1996 121.631.480 21.91%
1997 335.943.719 63.79%
1998 498.042.829 32.55%
1999 520.114.326 4.24%
2000 959.604.702 45.8%
2001 965.181.855 0.58%
2002 1.090.686.807 11.51%
2003 1.391.317.879 21.61%
2004 1.417.900.231 1.87%
2005 1.409.541.583 -0.59%
2006 1.458.411.336 3.35%
2007 1.670.168.837 12.68%
2008 2.842.045.370 41.23%
2009 2.884.987.817 1.49%
2010 3.078.735.308 6.29%
2011 3.215.903.604 4.27%
2012 3.189.712.551 -0.82%
2013 4.867.657.425 34.47%
2014 4.889.573.946 0.45%
2015 4.811.186.610 -1.63%
2016 4.844.272.169 0.68%
2017 4.809.926.423 -0.71%
2018 6.590.340.016 27.02%
2019 6.869.733.652 4.07%
2020 7.093.547.409 3.16%
2021 7.476.397.580 5.12%
2022 7.516.877.441 0.54%
2023 7.818.632.133 3.86%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Shenzhen Agricultural Products Group Co., Ltd. Assets
Year Assets Growth
1993 90.141.449
1994 138.487.198 34.91%
1995 242.463.440 42.88%
1996 334.616.415 27.54%
1997 867.345.868 61.42%
1998 1.233.846.003 29.7%
1999 1.400.736.279 11.91%
2000 2.246.596.887 37.65%
2001 2.720.393.933 17.42%
2002 3.293.895.153 17.41%
2003 3.502.950.809 5.97%
2004 4.097.281.355 14.51%
2005 4.419.547.086 7.29%
2006 4.219.890.109 -4.73%
2007 5.303.216.399 20.43%
2008 6.154.610.507 13.83%
2009 7.011.003.579 12.21%
2010 9.112.759.008 23.06%
2011 9.468.941.885 3.76%
2012 10.616.638.777 10.81%
2013 12.223.389.832 13.14%
2014 13.805.158.178 11.46%
2015 16.131.480.258 14.42%
2016 17.249.187.729 6.48%
2017 18.843.433.039 8.46%
2018 18.999.687.796 0.82%
2019 19.600.592.081 3.07%
2020 19.405.184.042 -1.01%
2021 20.669.821.932 6.12%
2022 20.987.557.943 1.51%
2023 21.327.451.721 1.59%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Shenzhen Agricultural Products Group Co., Ltd. Liabilities
Year Liabilities Growth
1993 59.328.284
1994 96.576.402 38.57%
1995 147.476.113 34.51%
1996 212.984.935 30.76%
1997 454.820.754 53.17%
1998 644.653.382 29.45%
1999 761.159.778 15.31%
2000 1.066.307.148 28.62%
2001 1.525.824.211 30.12%
2002 1.949.834.423 21.75%
2003 1.819.558.476 -7.16%
2004 2.336.592.727 22.13%
2005 2.574.263.380 9.23%
2006 2.234.822.174 -15.19%
2007 2.979.061.845 24.98%
2008 2.745.949.775 -8.49%
2009 3.543.012.309 22.5%
2010 5.334.923.888 33.59%
2011 5.347.794.658 0.24%
2012 6.296.164.474 15.06%
2013 6.130.575.335 -2.7%
2014 7.648.954.013 19.85%
2015 10.046.731.842 23.87%
2016 11.000.879.367 8.67%
2017 12.434.469.268 11.53%
2018 12.409.347.781 -0.2%
2019 12.730.858.429 2.53%
2020 12.311.636.633 -3.41%
2021 13.193.424.353 6.68%
2022 13.470.680.502 2.06%
2023 13.508.819.589 0.28%

Shenzhen Agricultural Products Group Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
3.26
Net Income per Share
0.21
Price to Earning Ratio
29.52x
Price To Sales Ratio
1.94x
POCF Ratio
23.84
PFCF Ratio
-104.46
Price to Book Ratio
1.8
EV to Sales
3.01
EV Over EBITDA
17.63
EV to Operating CashFlow
37.1
EV to FreeCashFlow
-162.47
Earnings Yield
0.03
FreeCashFlow Yield
-0.01
Market Cap
10,72 Bil.
Enterprise Value
16,68 Bil.
Graham Number
4.12
Graham NetNet
-6.3

Income Statement Metrics

Net Income per Share
0.21
Income Quality
0
ROE
0.06
Return On Assets
0.02
Return On Capital Employed
0.06
Net Income per EBT
0.49
EBT Per Ebit
0.98
Ebit per Revenue
0.14
Effective Tax Rate
0.28

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.28
Operating Profit Margin
0.14
Pretax Profit Margin
0.13
Net Profit Margin
0.07

Dividends

Dividend Yield
0.01
Dividend Yield %
0.63
Payout Ratio
0.77
Dividend Per Share
0.04

Operating Metrics

Operating Cashflow per Share
0.27
Free CashFlow per Share
-0.06
Capex to Operating CashFlow
-1.23
Capex to Revenue
-0.1
Capex to Depreciation
0
Return on Invested Capital
0.04
Return on Tangible Assets
0.02
Days Sales Outstanding
78.18
Days Payables Outstanding
121.36
Days of Inventory on Hand
99.02
Receivables Turnover
4.67
Payables Turnover
3.01
Inventory Turnover
3.69
Capex per Share
-0.33

Balance Sheet

Cash per Share
0,82
Book Value per Share
3,52
Tangible Book Value per Share
3.78
Shareholders Equity per Share
3.52
Interest Debt per Share
4.45
Debt to Equity
1.23
Debt to Assets
0.34
Net Debt to EBITDA
6.3
Current Ratio
0.44
Tangible Asset Value
6,41 Bil.
Net Current Asset Value
-9,65 Bil.
Invested Capital
1.23
Working Capital
-4,88 Bil.
Intangibles to Total Assets
0.07
Average Receivables
1,17 Bil.
Average Payables
1,30 Bil.
Average Inventory
1034222678.41
Debt to Market Cap
0.69

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Shenzhen Agricultural Products Group Co., Ltd. Dividends
Year Dividends Growth
2000 0
2001 0 0%
2002 0 0%
2003 0 0%
2005 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

Shenzhen Agricultural Products Group Co., Ltd. Profile

About Shenzhen Agricultural Products Group Co., Ltd.

Shenzhen Agricultural Products Group Co.,Ltd invests, operates, and manages wholesale markets of agricultural products in China. It also distributes agricultural products. The company was formerly known as Shenzhen Agricultural Products Co., Ltd. and changed its name to Shenzhen Agricultural Products Group Co.,Ltd in November 2018. The company was founded in 1989 and is based in Shenzhen, China.

CEO
Mr. Zili Xiang
Employee
4.778
Address
Times Technology Building
Shenzhen, 518040

Shenzhen Agricultural Products Group Co., Ltd. Executives & BODs

Shenzhen Agricultural Products Group Co., Ltd. Executives & BODs
# Name Age
1 Ms. Jiang Jiang
Board Secretary
70
2 Mr. Zili Xiang
Chief Financial Officer & Director
70
3 Mr. Tong Xue
Vice President
70
4 Mr. Ning Xu
Vice President & Director
70
5 Mr. Hua Shen
Vice President
70

Shenzhen Agricultural Products Group Co., Ltd. Competitors