CHINA MEHECO GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.32 CNY | +1.80% |
|
-0.53% | +1.34% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 13,431 | 13,944 | 15,311 | 12,619 | 25,774 | 16,709 |
| Enterprise Value (EV) 1 | 11,068 | 15,095 | 16,227 | 14,498 | 26,864 | 18,462 |
| P/E ratio | 8.7 x | 14.2 x | 11.7 x | 19.5 x | 35 x | 15.9 x |
| Yield | 3.45% | 2.11% | 2.57% | 1.54% | 0.86% | 1.88% |
| Capitalization / Revenue | 0.43 x | 0.4 x | 0.39 x | 0.35 x | 0.69 x | 0.43 x |
| EV / Revenue | 0.36 x | 0.43 x | 0.41 x | 0.4 x | 0.71 x | 0.48 x |
| EV / EBITDA | 5.3 x | 7.28 x | 5.68 x | 9.21 x | 16 x | 11.6 x |
| EV / FCF | 24.6 x | -23 x | 13.9 x | 51.8 x | 34.4 x | -16.3 x |
| FCF Yield | 4.06% | -4.34% | 7.22% | 1.93% | 2.91% | -6.13% |
| Price to Book | 1.59 x | 1.55 x | 1.53 x | 1.23 x | 2.38 x | 1.45 x |
| Nbr of stocks (in thousands) | 1,495,880 | 1,495,880 | 1,495,880 | 1,495,880 | 1,495,880 | 1,495,880 |
| Reference price 2 | 8.979 | 9.321 | 10.24 | 8.436 | 17.23 | 11.17 |
| Announcement Date | 3/27/19 | 4/21/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 31,006 | 35,285 | 39,312 | 36,234 | 37,593 | 38,824 |
| EBITDA 1 | 2,087 | 2,073 | 2,857 | 1,574 | 1,683 | 1,586 |
| EBIT 1 | 1,881 | 1,855 | 2,642 | 1,375 | 1,418 | 1,292 |
| Operating Margin | 6.07% | 5.26% | 6.72% | 3.8% | 3.77% | 3.33% |
| Earnings before Tax (EBT) 1 | 2,333 | 1,693 | 1,925 | 940.1 | 1,196 | 1,641 |
| Net income 1 | 1,545 | 981.3 | 1,311 | 647.1 | 735.7 | 1,048 |
| Net margin | 4.98% | 2.78% | 3.33% | 1.79% | 1.96% | 2.7% |
| EPS 2 | 1.032 | 0.6560 | 0.8761 | 0.4326 | 0.4918 | 0.7006 |
| Free Cash Flow 1 | 449.1 | -654.9 | 1,171 | 280.1 | 781.9 | -1,132 |
| FCF margin | 1.45% | -1.86% | 2.98% | 0.77% | 2.08% | -2.91% |
| FCF Conversion (EBITDA) | 21.51% | - | 40.99% | 17.79% | 46.47% | - |
| FCF Conversion (Net income) | 29.07% | - | 89.36% | 43.29% | 106.28% | - |
| Dividend per Share 2 | 0.3098 | 0.1968 | 0.2629 | 0.1298 | 0.1476 | 0.2102 |
| Announcement Date | 3/27/19 | 4/21/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,151 | 916 | 1,880 | 1,090 | 1,753 |
| Net Cash position 1 | 2,362 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.5555 x | 0.3206 x | 1.194 x | 0.6476 x | 1.105 x |
| Free Cash Flow 1 | 449 | -655 | 1,171 | 280 | 782 | -1,132 |
| ROE (net income / shareholders' equity) | 18.9% | 11.9% | 11.9% | 5.78% | 6.91% | 9.18% |
| ROA (Net income/ Total Assets) | 5.02% | 4.2% | 5.24% | 2.67% | 2.65% | 2.2% |
| Assets 1 | 30,772 | 23,358 | 25,008 | 24,200 | 27,815 | 47,573 |
| Book Value Per Share 2 | 5.650 | 6.010 | 6.690 | 6.860 | 7.230 | 7.730 |
| Cash Flow per Share 2 | 2.490 | 1.780 | 2.380 | 1.870 | 2.850 | 2.590 |
| Capex 1 | 262 | 280 | 318 | 286 | 229 | 363 |
| Capex / Sales | 0.84% | 0.79% | 0.81% | 0.79% | 0.61% | 0.93% |
| Announcement Date | 3/27/19 | 4/21/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +1.34% | 2.35B | |
| +15.21% | 70.09B | |
| -2.19% | 24.01B | |
| +8.13% | 8.32B | |
| -18.28% | 8.23B | |
| 0.00% | 8.08B | |
| +19.12% | 4.41B | |
| 0.00% | 4.12B | |
| -2.82% | 3.88B | |
| +23.97% | 3.71B |
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