SHANDONG NANSHAN FASHION SCI-TECH CO., LTD.

Financials Shandong Nanshan Fashion Sci-Tech Co., Ltd.

Equities

300918

CNE1000049W1

Textiles & Leather Goods

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
9.5 ^CNY	-1.86%		-1.76%	-8.03%

Apr. 25	Shandong Nanshan Fashion Sci-Tech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 15	Shandong Nanshan Fashion Sci-Tech Co., Ltd. Approves Cash Dividend for the Year 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,288	3,683	3,701	3,719	3,420	-	-
Enterprise Value (EV) ¹	4,288	3,683	3,701	3,719	3,420	3,420	3,420
P/E ratio	37.2 x	24.4 x	19.8 x	20.7 x	14 x	11.6 x	10.4 x
Yield	-	-	1.56%	1.67%	2.11%	2.74%	-
Capitalization / Revenue	3.16 x	2.47 x	2.27 x	2.32 x	1.86 x	1.68 x	1.51 x
EV / Revenue	3.16 x	2.47 x	2.27 x	2.32 x	1.86 x	1.68 x	1.51 x
EV / EBITDA	-	15.6 x	14.5 x	13.4 x	8.45 x	6.98 x	5.92 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	2.22 x	2.05 x	1.84 x	1.35 x	1.24 x	1.27 x
Nbr of stocks (in thousands)	360,000	360,000	360,000	360,001	360,001	-	-
Reference price ²	11.91	10.23	10.28	10.33	9.500	9.500	9.500
Announcement Date	4/16/21	4/7/22	4/24/23	3/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,358	1,492	1,634	1,600	1,841	2,038	2,263
EBITDA ¹	-	236.8	254.4	278.1	404.8	490.3	577.6
EBIT ¹	-	186.8	208.1	217.8	264.2	317.6	354.9
Operating Margin	-	12.52%	12.74%	13.61%	14.35%	15.59%	15.68%
Earnings before Tax (EBT) ¹	-	186.3	210.9	217.9	264.1	318.2	355.1
Net income ¹	-	152.4	186.7	202.6	243.8	294.5	327.7
Net margin	-	10.22%	11.43%	12.66%	13.24%	14.45%	14.48%
EPS ²	0.3200	0.4200	0.5200	0.5000	0.6767	0.8167	0.9100
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1600	0.1720	0.2000	0.2600	-
Announcement Date	4/16/21	4/7/22	4/24/23	3/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1
Net sales ¹	726.5
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	8/17/23

¹CNY in Million

Estimates

Balance Sheet Analysis

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)	-	9.54%	10.8%	10.4%	10.6%	11.1%	12.2%
ROA (Net income/ Total Assets)	-	-	6.32%	5.89%	5.54%	5.95%	6.28%
Assets ¹	-	-	2,954	3,442	4,402	4,954	5,218
Book Value Per Share ²	-	4.610	5.020	5.620	7.020	7.660	7.470
Cash Flow per Share ²	-	0.7000	0.6500	0.6000	1.110	1.180	0.9600
Capex ¹	-	-	657	659	570	295	300
Capex / Sales	-	-	40.2%	41.19%	30.95%	14.45%	13.26%
Announcement Date	4/16/21	4/7/22	4/24/23	3/19/24	-	-	-

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 Shandong Nanshan Fashion Sci-Tech Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.5 CNY

Average target price

12.13 CNY

Spread / Average Target

+27.68%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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