Financials Lizhong Sitong Light Alloys Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
19.73 ^CNY	-1.89%		+0.31%	-6.58%

Apr. 25	Lizhong Sitong Light Alloys Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 25	Lizhong Sitong Light Alloys Group Co., Ltd. Proposes Cash Dividend for 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,357	16,226	15,270	13,222	12,298	-	-
Enterprise Value (EV) ¹	8,357	16,226	15,270	13,222	12,298	12,298	12,298
P/E ratio	19.3 x	35.1 x	31.3 x	22 x	14.1 x	10.6 x	9.49 x
Yield	-	0.29%	0.32%	0.57%	0.41%	-	-
Capitalization / Revenue	-	0.87 x	0.71 x	0.56 x	0.41 x	0.35 x	0.3 x
EV / Revenue	-	0.87 x	0.71 x	0.56 x	0.41 x	0.35 x	0.3 x
EV / EBITDA	-	18.5 x	16.7 x	11.2 x	6.8 x	5.73 x	5.02 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	3.2 x	2.66 x	1.98 x	1.65 x	1.46 x	1.28 x
Nbr of stocks (in thousands)	578,369	616,957	616,957	626,020	623,331	-	-
Reference price ²	14.45	26.30	24.75	21.12	19.73	19.73	19.73
Announcement Date	2/26/21	2/25/22	1/19/23	2/7/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	18,634	21,371	23,679	29,798	35,583	41,246
EBITDA ¹	-	878.5	915.3	1,181	1,810	2,145	2,452
EBIT ¹	-	551.7	540	714.8	1,013	1,320	1,514
Operating Margin	-	2.96%	2.53%	3.02%	3.4%	3.71%	3.67%
Earnings before Tax (EBT) ¹	-	551.4	537	713.8	1,012	1,319	1,513
Net income ¹	434.9	450	492.4	602.5	875.9	1,160	1,302
Net margin	-	2.42%	2.3%	2.54%	2.94%	3.26%	3.16%
EPS ²	0.7500	0.7500	0.7900	0.9600	1.400	1.860	2.080
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.0750	0.0800	0.1200	0.0800	-	-
Announcement Date	2/26/21	2/25/22	1/19/23	2/7/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	9.72%	9.13%	9.67%	11.9%	14%	13.8%
ROA (Net income/ Total Assets)	-	3.13%	3.14%	-	4.44%	5.03%	5.41%
Assets ¹	-	14,386	15,665	-	19,712	23,053	24,083
Book Value Per Share ²	-	8.210	9.290	10.70	12.00	13.50	15.40
Cash Flow per Share ²	-	-1.490	0.3900	1.540	0.6800	1.060	1.150
Capex ¹	-	827	1,251	1,111	827	749	698
Capex / Sales	-	4.44%	5.85%	4.69%	2.77%	2.1%	1.69%
Announcement Date	2/26/21	2/25/22	1/19/23	2/7/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.73 CNY

Average target price

29.61 CNY

Spread / Average Target

+50.09%

	1st Jan change	Capi.
LIZHONG SITONG LIGHT ALLOYS GROUP CO., LTD.	-6.58%	1.7B
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CHONGQING SHUNBO ALUMINUM CO.,LTD.	-17.95%	638M
SHANTOU WANSHUN NEW MATERIAL GROUP CO., LTD.	-24.64%	571M
JIANGSU LIDAO NEW MATERIALS CO., LTD.	-28.73%	261M
SUZHOU MINGZHI TECHNOLOGY CO., LTD.	-26.53%	248M
SHENZHEN SUNXING LIGHT ALLOYS MATERIALS CO.,LTD.	-35.16%	243M
UNITED ALLOY-TECH COMPANY	-26.45%	148M
ENKEI WHEELS (INDIA) LIMITED	+16.00%	146M