Financials FangDa Carbon New Material Co.,Ltd

Equities

600516

CNE000001CC6

Electrical Components & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-06 pm EDT			5-day change	1st Jan Change
5.36 ^CNY	+0.94%		+5.72%	+2.29%

Apr. 29	FangDa Carbon New Material Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 24	Chinese Nuclear Safety Watchdog Gives Nuclear Safety Equipment Production License to Fangda Carbon New Material's Unit	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	33,058	26,908	41,181	23,293	21,045	21,313	-	-
Enterprise Value (EV) ¹	24,003	21,588	34,076	20,974	15,928	14,387	13,407	21,313
P/E ratio	16.2 x	50.5 x	37.3 x	27.8 x	47.6 x	24.4 x	18.7 x	29.8 x
Yield	-	7.07%	-	-	-	0.37%	0.97%	-
Capitalization / Revenue	4.9 x	7.6 x	8.85 x	4.38 x	4.1 x	3.48 x	2.69 x	3.12 x
EV / Revenue	3.56 x	6.1 x	7.33 x	3.94 x	3.1 x	2.35 x	1.69 x	3.12 x
EV / EBITDA	9.38 x	45.1 x	21.5 x	21 x	19.2 x	11.1 x	6.93 x	-
EV / FCF	5,476,361 x	-	-180,144,898 x	-	-	-	-	-
FCF Yield	0%	-	-0%	-	-	-	-	-
Price to Book	2.2 x	1.73 x	2.79 x	1.49 x	1.24 x	1.2 x	1.14 x	1.14 x
Nbr of stocks (in thousands)	3,805,970	3,805,970	3,805,970	3,805,970	4,016,296	3,976,393	-	-
Reference price ²	8.686	7.070	10.82	6.120	5.240	5.360	5.360	5.360
Announcement Date	4/17/20	4/14/21	3/15/22	3/7/23	4/1/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,751	3,539	4,652	5,320	5,132	6,123	7,912	6,838
EBITDA ¹	2,559	478.6	1,587	999.9	828	1,293	1,935	-
EBIT ¹	2,371	287.6	1,349	1,164	518.8	800.3	1,417	907
Operating Margin	35.12%	8.13%	29%	21.88%	10.11%	13.07%	17.91%	13.26%
Earnings before Tax (EBT) ¹	2,345	660.9	1,331	1,152	512.1	900.8	1,493	967
Net income ¹	2,016	547.5	1,085	839.9	416.2	890.1	1,133	717
Net margin	29.87%	15.47%	23.32%	15.79%	8.11%	14.54%	14.32%	10.49%
EPS ²	0.5357	0.1400	0.2900	0.2200	0.1100	0.2200	0.2865	0.1800
Free Cash Flow	4,383	-	-189.2	-	-	-	-	-
FCF margin	64.92%	-	-4.07%	-	-	-	-	-
FCF Conversion (EBITDA)	171.26%	-	-	-	-	-	-	-
FCF Conversion (Net income)	217.39%	-	-	-	-	-	-	-
Dividend per Share ²	-	0.5000	-	-	-	0.0200	0.0518	-
Announcement Date	4/17/20	4/14/21	3/15/22	3/7/23	4/1/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2023 Q1	2023 Q2	2023 Q3
Net sales ¹	-	-	-	-	-	-	1,275	1,257
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	-	-	-	105
Operating Margin	-	-	-	-	-	-	-	8.36%
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	74.84	136.1
Net income ¹	198.5	-	-	-	-	221.4	59.44	103.4
Net margin	-	-	-	-	-	-	4.66%	8.23%
EPS ²	0.0521	-	-	-	-	0.0550	0.0167	0.0300
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	8/28/20	3/15/22	6/7/22	9/7/22	12/7/22	4/26/23	8/28/23	10/31/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	9,055	5,320	7,104	2,319	5,117	6,927	7,907	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	4,383	-	-189	-	-	-	-	-
ROE (net income / shareholders' equity)	14.7%	3.58%	7.15%	5.53%	2.48%	3.87%	5.96%	3.8%
ROA (Net income/ Total Assets)	11.7%	-	-	4.34%	-	2.6%	5.02%	3.3%
Assets ¹	17,284	-	-	19,339	-	34,233	22,596	21,727
Book Value Per Share ²	3.950	4.090	3.880	4.120	4.240	4.470	4.720	4.690
Cash Flow per Share ²	-	-	-	0.0600	0.2100	0.1800	0.3300	0.2100
Capex ¹	85.8	139	151	78.2	130	150	279	175
Capex / Sales	1.27%	3.94%	3.25%	1.47%	2.53%	2.45%	3.53%	2.56%
Announcement Date	4/17/20	4/14/21	3/15/22	3/7/23	4/1/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for FangDa Carbon New Material Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.36 CNY

Average target price

7.957 CNY

Spread / Average Target

+48.45%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Electrical Component

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Electrical Component