Financials Jiangxi Hungpai New Material Co., Ltd.

Equities

605366

CNE100004439

Commodity Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
7.12 CNY +1.71% Intraday chart for Jiangxi Hungpai New Material Co., Ltd. +3.04% -13.91%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 4,050 4,406 6,359 5,009
Enterprise Value (EV) 1 3,395 3,999 6,431 5,466
P/E ratio 27.7 x 26.5 x 18.2 x 75.2 x
Yield 2.46% 1.21% 1.7% 0.48%
Capitalization / Revenue 4.51 x 3.43 x 3.75 x 3.62 x
EV / Revenue 3.78 x 3.12 x 3.79 x 3.95 x
EV / EBITDA 18.6 x 15.9 x 14.5 x 31.1 x
EV / FCF -20 x -18.9 x -14.9 x -16.6 x
FCF Yield -4.99% -5.3% -6.71% -6.01%
Price to Book 2.41 x 2.53 x 3.17 x 2.52 x
Nbr of stocks (in thousands) 604,240 604,240 604,841 605,655
Reference price 2 6.703 7.291 10.51 8.270
Announcement Date 4/19/21 4/21/22 3/14/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,013 1,014 897.4 1,283 1,698 1,385
EBITDA 1 257.4 222.6 182.8 251.2 443 175.8
EBIT 1 215.6 178.2 126.7 186.6 376.8 46.23
Operating Margin 21.29% 17.58% 14.12% 14.54% 22.19% 3.34%
Earnings before Tax (EBT) 1 208.3 184.9 139.5 195.7 404.5 50.94
Net income 1 173.7 156.6 122.7 167.6 352.4 64.97
Net margin 17.15% 15.45% 13.67% 13.07% 20.76% 4.69%
EPS 2 0.3834 0.3457 0.2418 0.2747 0.5786 0.1100
Free Cash Flow 1 -130.6 37.17 -169.5 -211.9 -431.4 -328.4
FCF margin -12.9% 3.67% -18.88% -16.51% -25.41% -23.71%
FCF Conversion (EBITDA) - 16.7% - - - -
FCF Conversion (Net income) - 23.73% - - - -
Dividend per Share - - 0.1648 0.0879 0.1786 0.0400
Announcement Date 4/26/19 7/27/20 4/19/21 4/21/22 3/14/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 78.3 - - - 72 457
Net Cash position 1 - 10 656 406 - -
Leverage (Debt/EBITDA) 0.3043 x - - - 0.1625 x 2.6 x
Free Cash Flow 1 -131 37.2 -169 -212 -431 -328
ROE (net income / shareholders' equity) 30.9% 21.5% 9.84% 9.79% 18.8% 3.25%
ROA (Net income/ Total Assets) 14.1% 10.6% 5.31% 5.57% 9.04% 0.98%
Assets 1 1,229 1,478 2,309 3,008 3,898 6,607
Book Value Per Share 2 1.430 1.780 2.790 2.880 3.320 3.280
Cash Flow per Share 2 0.1900 0.3200 0.9600 0.6100 0.6000 0.2900
Capex 1 130 127 199 242 730 459
Capex / Sales 12.84% 12.53% 22.19% 18.87% 43% 33.14%
Announcement Date 4/26/19 7/27/20 4/19/21 4/21/22 3/14/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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