Financials Jiangsu Yabang Dyestuff Co., Ltd.

Equities

603188

CNE100001W44

Specialty Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.85 CNY +10.04% Intraday chart for Jiangsu Yabang Dyestuff Co., Ltd. +26.67% -32.62%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 9,556 4,239 3,752 2,982 3,187 2,104
Enterprise Value (EV) 1 9,289 4,452 3,840 2,998 3,505 2,419
P/E ratio 19.1 x 26.2 x -18.8 x -4.87 x -22.8 x -3.01 x
Yield 0.3% - - - - -
Capitalization / Revenue 3.92 x 2.04 x 2.64 x 4.57 x 3.79 x 2.18 x
EV / Revenue 3.81 x 2.14 x 2.7 x 4.59 x 4.17 x 2.5 x
EV / EBITDA 11.6 x 8.51 x 59.3 x 22.4 x 52.8 x -50.5 x
EV / FCF 26.4 x 4.67 x 49.9 x 9.1 x -12.6 x 8.19 x
FCF Yield 3.79% 21.4% 2.01% 11% -7.94% 12.2%
Price to Book 2.6 x 1.41 x 1.27 x 1.27 x 1.45 x 1.4 x
Nbr of stocks (in thousands) 576,000 576,000 570,170 570,170 570,170 570,170
Reference price 2 16.59 7.360 6.580 5.230 5.590 3.690
Announcement Date 4/22/18 4/30/19 4/28/20 4/27/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,436 2,076 1,421 652.6 840.6 966.3
EBITDA 1 797.5 523.2 64.76 133.6 66.44 -47.89
EBIT 1 661.9 287.1 -188.5 -122.2 -156.1 -254.8
Operating Margin 27.18% 13.83% -13.27% -18.73% -18.57% -26.36%
Earnings before Tax (EBT) 1 608.3 133.8 -314.6 -723.4 -108.2 -764.5
Net income 1 500.7 161.6 -199.1 -612.4 -140 -698.9
Net margin 20.56% 7.78% -14.01% -93.84% -16.66% -72.32%
EPS 2 0.8693 0.2813 -0.3491 -1.074 -0.2456 -1.226
Free Cash Flow 1 352 954.1 77.02 329.6 -278.2 295.2
FCF margin 14.45% 45.96% 5.42% 50.51% -33.1% 30.55%
FCF Conversion (EBITDA) 44.13% 182.37% 118.93% 246.79% - -
FCF Conversion (Net income) 70.29% 590.55% - - - -
Dividend per Share 2 0.0500 - - - - -
Announcement Date 4/22/18 4/30/19 4/28/20 4/27/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 213 88.3 16.2 318 315
Net Cash position 1 266 - - - - -
Leverage (Debt/EBITDA) - 0.4063 x 1.364 x 0.1212 x 4.781 x -6.58 x
Free Cash Flow 1 352 954 77 330 -278 295
ROE (net income / shareholders' equity) 13.8% 3.32% -8.43% -26.6% -7.7% -43.9%
ROA (Net income/ Total Assets) 9.51% 3.56% -2.59% -1.88% -2.69% -5.33%
Assets 1 5,267 4,532 7,673 32,620 5,213 13,112
Book Value Per Share 2 6.380 5.210 5.180 4.110 3.860 2.640
Cash Flow per Share 2 0.6900 0.3100 0.3700 0.8000 0.1800 0.1300
Capex 1 191 89.3 93 64.9 43.1 32.3
Capex / Sales 7.83% 4.3% 6.54% 9.95% 5.13% 3.35%
Announcement Date 4/22/18 4/30/19 4/28/20 4/27/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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