Financials Lushang Freda Pharmaceutical Co.,Ltd.

Equities

600223

CNE000001147

Pharmaceuticals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7.89 CNY -5.96% Intraday chart for Lushang Freda Pharmaceutical Co.,Ltd. -3.07% -18.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,438 8,595 13,371 10,765 9,790 8,021 - -
Enterprise Value (EV) 1 8,438 8,595 13,371 10,765 9,790 8,021 8,021 8,021
P/E ratio 24.8 x 13.5 x 37.9 x 265 x 32.1 x 21.2 x 16.4 x 13.7 x
Yield - - 0.83% - 1.04% 1.35% 1.71% 2%
Capitalization / Revenue - 0.63 x 1.08 x 0.83 x 2.14 x 1.69 x 1.44 x 1.26 x
EV / Revenue - 0.63 x 1.08 x 0.83 x 2.14 x 1.69 x 1.44 x 1.26 x
EV / EBITDA - 8.86 x 17.2 x 24.7 x 17.3 x 13.1 x 10.7 x 8.53 x
EV / FCF - - - 12.9 x 36.7 x 3.25 x 151 x 62.7 x
FCF Yield - - - 7.78% 2.72% 30.8% 0.66% 1.6%
Price to Book - 2.7 x 3.49 x 2.9 x 2.44 x 1.82 x 1.67 x 1.53 x
Nbr of stocks (in thousands) 1,000,968 1,008,831 1,009,152 1,016,569 1,016,569 1,016,569 - -
Reference price 2 8.430 8.520 13.25 10.59 9.630 7.890 7.890 7.890
Announcement Date 4/9/20 3/26/21 4/14/22 3/30/23 3/21/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 13,615 12,363 12,951 4,579 4,738 5,569 6,381
EBITDA 1 - 970.1 778.2 435.3 565.3 612.6 753 940.8
EBIT 1 - 875.4 677.7 310.8 419.4 517.6 667.7 808.2
Operating Margin - 6.43% 5.48% 2.4% 9.16% 10.92% 11.99% 12.67%
Earnings before Tax (EBT) 1 - 853.5 643.7 261.1 413 506.6 657.7 796.2
Net income 1 344.5 638.7 361.9 45.46 303.4 376.8 486.8 585.1
Net margin - 4.69% 2.93% 0.35% 6.63% 7.95% 8.74% 9.17%
EPS 2 0.3400 0.6300 0.3500 0.0400 0.3000 0.3722 0.4800 0.5750
Free Cash Flow 1 - - - 837.7 266.7 2,467 53 128
FCF margin - - - 6.47% 5.82% 52.07% 0.95% 2.01%
FCF Conversion (EBITDA) - - - 192.42% 47.17% 402.68% 7.04% 13.61%
FCF Conversion (Net income) - - - 1,842.87% 87.9% 654.72% 10.89% 21.88%
Dividend per Share 2 - - 0.1100 - 0.1000 0.1067 0.1350 0.1575
Announcement Date 4/9/20 3/26/21 4/14/22 3/30/23 3/21/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 129.3
Net margin -
EPS -
Dividend per Share -
Announcement Date 4/27/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 838 267 2,467 53 128
ROE (net income / shareholders' equity) - 20% 8.34% 1.01% 7.56% 8.58% 10.1% 11.1%
ROA (Net income/ Total Assets) - - - - - 4.64% 5.52% 6.64%
Assets 1 - - - - - 8,121 8,819 8,815
Book Value Per Share 2 - 3.150 3.790 3.660 3.950 4.340 4.730 5.150
Cash Flow per Share 2 - 4.410 6.790 0.9800 0.4700 1.420 0.5500 1.270
Capex 1 - 156 281 160 207 209 247 277
Capex / Sales - 1.15% 2.27% 1.24% 4.53% 4.42% 4.44% 4.33%
Announcement Date 4/9/20 3/26/21 4/14/22 3/30/23 3/21/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
7.89 CNY
Average target price
11.78 CNY
Spread / Average Target
+49.37%
Consensus

Annual profits - Rate of surprise

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