Shafen’s fundamental analysis / poor performance in 9 months of 1401 – Tejaratnews

According to Tejarat News, Fanavaran Petrochemical Company was established in May 1977 with an initial capital of one million tomans.

The shares of this company were offered in Tehran Stock Exchange for the first time in February 2016 with an initial price of 675 Tomans.

Let’s get to know more about Shefan

The main activity of this company is the construction, operation and operation of industrial plants for the production and sale of petrochemical products.

According to the statistics published in 2022 by Argos magazine, the annual production capacity of methanol in the world is about 175 million tons, of which Iran’s share is 14 million tons, equivalent to eight percent of global production.

Methanol is one of the most important substances used in the petrochemical industry, and due to the dependence of the production of many chemical products on this substance, this product is named as one of the 3 most important products in the petrochemical industry.

Fanavaran Petrochemical Company’s methanol production capacity is one million tons per year. This amount includes seven percent of Iran’s domestic production.

It should be noted that this company is the only producer of acetic acid in Iran.

Tamin Oil, Gas and Petrochemical Investment Company is considered to be the largest major shareholder by owning more than 50% of Shafen’s shares.

The State Pension Fund Investment Company and the Taban Farda Petrochemical Group Company are considered to be its other major shareholders by owning 17.33 and 15.42 percent of the company’s shares.

Comparison of Sheffen efficiency with cohorts

Comparing the returns of Fanavaran Petrochemical Company shares with the overall index and the chemical group index shows that Shafen has performed weaker than its group index in all its time frames.

For example, in the period of three months, while the index of the chemical group has grown by 18.15%, Shafen has faced a drop of 0.75%.

Report of 9 months ending in Azar 1401 Shefan

The 9-month profit and loss reports of Fanavaran Petrochemical Company show that the company’s income from the sale of its products has decreased by 14% compared to the same period last year.

Of course, this reduction is more noticeable in the operating and net profit of this company.

So that the profit from operations and net profit of this company in 9 months of this year compared to the same period of 1400 have decreased by 71 and 56%, respectively.

Due to the decrease of operating profit and net profit of Shafen in 9 months of this year, these two numbers have reached 987 billion tomans and 1,66 billion tomans.

The financial ratios of this company also report a significant decrease in operating and net profit margins of this company.

So that the operating profit margin of Shafen has dropped by 31.88% in the 9 months of this year compared to the same period last year and reached 16.53%.

Also, the net profit margin of this company was recorded at 17.86% in this period.

The production and sales reports of Fanavaran Petrochemical Company show that this petrochemical company faced a 6% decrease in its production in the 9-month period of 1401 compared to the same period last year.

Will the world market improve the bad situation of Chef?

Expectations for an increase in China’s methanol demand have led to an increase of two to five dollars per ton.

Also, with the end of the Chinese New Year holiday on January 28, the possibility of increasing this demand will increase.

Among the other reasons for this increase in the price of methanol in the world markets is the news of banning the import of methanol from Russia in Europe and the fear of the lack of supply of this product.

Read more reports on the stock news page.