Sinopec Shanghai Petrochemical is a petrochemical company engaged in the production of ethylene. Co. principally operates in five operating segments: synthetic fibers, which produces primarily polyester, acrylic fibers and carbon fibers; resins and plastics, which produces primarily polyester chips, polyethylene resins, polypropylene resins and polyvinyl alcohol granules; intermediate petrochemicals, which primarily produces p-xylene, benzene and ethylene oxide; petroleum products, which produces qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas; and trading of petrochemical products, which is engaged in importing and exporting of petrochemical products. We show 1 historical shares outstanding datapoints in our SHI shares outstanding history coverage, used to compute SHI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SHI market cap history over the course of time is important for investors
interested in comparing SHI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SHI versus a peer is one thing; comparing
SHI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SHI can fluctuate over the course of history.
With this page we aim to empower investors researching SHI by allowing them to research the SHI market cap history. |
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Video: The Importance of Market Cap
