002810.SHE Shandong Head Co Ltd
- Market cap
- CNY 5.79B
- P/E
- 20.3x
- P/B
- 2.32x
- ROE
- 16.0%
- Dividend yield
- 0.86%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002810.SHE undervalued?
Graham number002810.SHE trades 44.7% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Shandong Head Co Ltd fundamental analysis
No fundamental analysis for Shandong Head Co Ltd yet.
Shandong Head Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Shandong Head Co Ltd
Shandong Head Group Co.,Ltd. engages in the production and sales of water-soluble polymer compound series, food additives, and cellulose plant products in the People's Republic of China and internationally. The company offers non-ionic cellulose ethers which provide various cellulose ether products, including hydroxypropyl methyl cellulose (HPMC), hydroxyethyl methyl cellulose, ethyl cellulose, and hydroxyethyl cellulose; and HPMC vegetable capsule, HPMC vegetable capsule, H…
Full company profileShandong Head Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Shandong Head Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 570M | 651M | 913M | 1.11B | 1.31B | 1.56B | 1.72B | 1.56B | 1.96B | 1.92B | 2.38B |
| Gross Profit | 139M | 141M | 230M | 372M | 481M | 570M | 585M | 447M | 515M | 496M | 791M |
| Operating Income | 54.7M | 54.3M | 89.3M | 186M | 295M | 377M | 411M | 260M | 257M | 196M | 574M |
| EBITDA | 110M | 107M | 152M | 275M | 390M | 469M | 522M | 438M | 546M | 196M | 541M |
| Net Income | 48.2M | 46.3M | 73.4M | 158M | 252M | 330M | 354M | 220M | 222M | 150M | 378M |
| EPS | 0.19 | 0.15 | 0.23 | 0.49 | 0.78 | 0.97 | 1.03 | 0.64 | 0.63 | 0.44 | 1.08 |
| Balance Sheet | |||||||||||
| Total Assets | 907M | 1.11B | 1.32B | 1.48B | 1.69B | 2.64B | 3.33B | 3.79B | 4.15B | 4.06B | 4.37B |
| Total Liabilities | 272M | 429M | 550M | 548M | 486M | 1.09B | 1.45B | 1.70B | 1.94B | 1.80B | 1.92B |
| Shareholders' Equity | 631M | 675M | 757M | 914M | 1.20B | 1.55B | 1.88B | 2.09B | 2.21B | 2.19B | 2.36B |
| Cash & Short-term Investments | 68.8M | 100M | 76.9M | 192M | 230M | 168M | 151M | 238M | 489M | 562M | 910M |
| Total Debt | 130M | 275M | 278M | 277M | 182M | 379M | 605M | 791M | 900M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 45.0M | 66.1M | 97.5M | 210M | 387M | 456M | 300M | 180M | 286M | 378M | - |
| Capital Expenditure | 69.0M | 164M | 145M | 75.5M | 239M | 703M | 470M | 103M | 95.5M | 240M | 70.6M |
| Free Cash Flow | -24.0M | -97.9M | -47.8M | 135M | 149M | -248M | -170M | 76.9M | 191M | 137M | 618M |
| Ratios | |||||||||||
| ROE | 7.6% | 6.9% | 9.7% | 17.2% | 21.0% | 21.3% | 18.8% | 10.5% | 10.0% | 6.9% | 16.0% |
| ROA | 5.3% | 4.2% | 5.6% | 10.6% | 14.9% | 12.5% | 10.6% | 5.8% | 5.3% | 3.7% | 8.7% |
| Net Profit Margin | 8.5% | 7.1% | 8.0% | 14.2% | 19.3% | 21.1% | 20.5% | 14.2% | 11.3% | 7.9% | 15.9% |
| Debt to Equity | 0.21x | 0.41x | 0.37x | 0.30x | 0.15x | 0.24x | 0.32x | 0.38x | 0.41x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Shandong Head Co Ltd dividends
- Dividend yield
- 0.86%
- Forward dividend
- 0.40 CNY
- Payout ratio
- 33.0%
- Ex-dividend date
- Sep 23, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 49.7M | 0.15 | 33.0% |
| 2024 | CNY 131M | 0.37 | 59.0% |
| 2023 | CNY 121M | 0.35 | 54.9% |
| 2022 | CNY 34.3M | 0.10 | 9.7% |
| 2021 | CNY 9.14M | 0.03 | 2.8% |
| 2020 | CNY 76.1M | 0.24 | 30.2% |
| 2019 | CNY 37.8M | 0.12 | 24.0% |
| 2018 | CNY 15.7M | 0.05 | 21.3% |
| 2017 | CNY 14.8M | 0.05 | 32.0% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.7:1 on Jun 2, 2021.
Who owns Shandong Head Co Ltd
- Insiders 44.65%
- Institutions 9.45%
- Public & others 45.90%
- Shares outstanding 348M
- Free float 192M
Shandong Head Co Ltd company profile
- Company name
- Shandong Head Co Ltd
- Ticker
- 002810.SHE
- ISIN
- CNE100002BP7
- Exchange
- Shenzhen Stock Exchange
- Sector
- Basic Materials
- Industry
- Chemicals
- Employees
- 1,738
- Fiscal year end
- December
- Address
- No. 999 Heda Road, Zibo, China, 255300
- Phone
- 86 53 3668 0818
- Website
- sdhead.com
About Shandong Head Co Ltd
Shandong Head Group Co.,Ltd. engages in the production and sales of water-soluble polymer compound series, food additives, and cellulose plant products in the People's Republic of China and internationally. The company offers non-ionic cellulose ethers which provide various cellulose ether products, including hydroxypropyl methyl cellulose (HPMC), hydroxyethyl methyl cellulose, ethyl cellulose, and hydroxyethyl cellulose; and HPMC vegetable capsule, HPMC vegetable capsule, HPMC delay released vegetable capsule, and HPMC enteric vegetable capsule. It also provides colouring services; and printing services comprising company name, brand name, and product names. In addition, the company manufactures graphite chemical equipment, silicon carbide equipment, and chemical equipment, such as graphite heat exchangers, absorbers, graphite two-in-one hydrogen chloride synthesis furnaces, and other graphite chemical equipment, as well as non-ferrous metal reactors, heat exchangers, towers, reactors, and separators used in petroleum, chemical, pharmaceutical, metallurgy, electric power, papermaking, marine engineering, environmental protection, and other fields. The company was formerly known as Shandong Head Co.,Ltd. and changed its name to Shandong Head Group Co.,Ltd. in January 2022. Shandong Head Group Co.,Ltd. was founded in 1992 and is headquartered in Zibo, the People's Republic of China.
Shandong Head Co Ltd management
5- Ms. Lamei BaoGM & Director · born 1968
- Ms. Ling CuiCFO & Head of Accounting Department · born 1977
- Mr. Song Ling BiDeputy GM, Secretary of the Board of Directors & Director · born 1971
- Mr. Jian Jun QiuDeputy General Manager · born 1974
- Mr. Zhizhong SuDeputy General Manager · born 1977