Financials Nuode New Materials Co.,Ltd.

Equities

600110

CNE000000TB4

Specialty Mining & Metals

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
4.31 ^CNY	-2.49%		+1.41%	-23.58%

Apr. 29	Nuode New Materials Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 12	Nuode New Materials Co.,Ltd. agreed to acquire an unknown stake in Cloud Futures Co., Ltd.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,383	12,925	22,286	13,789	9,786	7,479	-	-
Enterprise Value (EV) ¹	5,383	12,925	23,726	12,985	12,397	12,001	12,877	14,113
P/E ratio	-44.2 x	2,011 x	55 x	38.2 x	340 x	182 x	62.9 x	27.1 x
Yield	-	-	0.38%	-	-	0.05%	0.16%	0.37%
Capitalization / Revenue	2.5 x	6 x	5.01 x	2.93 x	2.14 x	1.21 x	1.1 x	0.9 x
EV / Revenue	2.5 x	6 x	5.34 x	2.76 x	2.71 x	1.95 x	1.89 x	1.7 x
EV / EBITDA	-	-	36 x	19.5 x	36.8 x	26.5 x	18.7 x	13.5 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.67 x	3.79 x	5.8 x	2.21 x	1.61 x	1.26 x	1.23 x	1.18 x
Nbr of stocks (in thousands)	1,150,312	1,397,269	1,397,269	1,734,461	1,735,181	1,735,181	-	-
Reference price ²	4.680	9.250	15.95	7.950	5.640	4.310	4.310	4.310
Announcement Date	4/29/20	4/17/21	2/28/22	4/24/23	4/9/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,150	2,155	4,446	4,709	4,572	6,166	6,798	8,313
EBITDA ¹	-	-	658.6	665	337.1	452.5	687.8	1,046
EBIT ¹	-68.66	29.08	442.7	425.2	93.74	96.02	231.1	501.3
Operating Margin	-3.19%	1.35%	9.96%	9.03%	2.05%	1.56%	3.4%	6.03%
Earnings before Tax (EBT) ¹	-66.65	29.18	443.5	413.9	95.91	27.65	138	373.7
Net income ¹	-121.9	5.385	405.1	352.3	27.31	41.42	119.7	277.3
Net margin	-5.67%	0.25%	9.11%	7.48%	0.6%	0.67%	1.76%	3.34%
EPS ²	-0.1060	0.004600	0.2899	0.2083	0.0166	0.0237	0.0686	0.1588
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.0600	-	-	0.002370	0.006850	0.0159
Announcement Date	4/29/20	4/17/21	2/28/22	4/24/23	4/9/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	-	1,089	1,445	887.1	1,049	1,541	1,541	1,850	1,360	1,700
EBITDA ¹	-	-	-	-	-	113.1	113.1	117.9	160.4	171.9
EBIT ¹	-	7.93	-48.67	35.49	-	24	24	28.81	46.22	57.78
Operating Margin	-	0.73%	-3.37%	4%	-	1.56%	1.56%	1.56%	3.4%	3.4%
Earnings before Tax (EBT) ¹	99.67	47.69	-48.02	-3.439	-94.06	6.912	6.912	11.71	22.95	34.5
Net income ¹	50.21	35.52	-51.43	-6.984	-94.39	10.35	10.35	18.92	18	29.93
Net margin	-	3.26%	-3.56%	-0.79%	-8.99%	0.67%	0.67%	1.02%	1.32%	1.76%
EPS ²	-	0.0200	-0.0300	-	-0.0540	0.005930	0.005930	0.0108	0.0103	0.0171
Dividend per Share ²	-	-	-	-	-	-	-	0.002370	-	-
Announcement Date	4/28/23	8/16/23	10/25/23	4/9/24	4/29/24	-	-	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	1,440	-	2,611	4,523	5,398	6,635
Net Cash position ¹	-	-	-	804	-	-	-	-
Leverage (Debt/EBITDA)	-	-	2.186 x	-	7.745 x	9.996 x	7.848 x	6.343 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-5.87%	0.25%	11.2%	6.04%	0.44%	0.68%	1.98%	4.45%
ROA (Net income/ Total Assets)	-	-	4.84%	-	-	-	-	-
Assets ¹	-	-	8,374	-	-	-	-	-
Book Value Per Share ²	1.750	2.440	2.750	3.590	3.500	3.430	3.490	3.640
Cash Flow per Share	0.2800	0.3700	0.7500	0.4600	-	-	-	-
Capex ¹	253	289	561	1,226	1,151	1,333	1,120	1,347
Capex / Sales	11.76%	13.42%	12.62%	26.04%	25.18%	21.62%	16.47%	16.2%
Announcement Date	4/29/20	4/17/21	2/28/22	4/24/23	4/9/24	-	-	-

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 Nuode New Materials Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4.31 CNY

Average target price

5.5 CNY

Spread / Average Target

+27.61%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Nonferrous Metal Processing

	1st Jan change	Capi.
NUODE NEW MATERIALS CO.,LTD.	-23.58%	1.03B
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CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO., LTD.	+7.01%	4.35B
PANGANG GROUP VANADIUM & TITANIUM RESOURCES CO., LTD.	-5.18%	4B
YUNNAN COPPER CO.,LTD	+27.46%	3.85B
CHINA NONFERROUS MINING CORPORATION LIMITED	+44.83%	3.6B
WESTERN SUPERCONDUCTING TECHNOLOGIES CO., LTD.	-24.27%	3.62B
ZHE JIANG HAI LIANG CO., LTD	-19.19%	2.49B
NINGBO BOWAY ALLOY MATERIAL COMPANY LIMITED	+15.65%	1.94B

Nonferrous Metal Processing