SHANDONG SINOCERA FUNCTIONAL MATERIAL CO., LTD. Financials Shandong Sinocera Functional Material Co., Ltd.
Equities
300285
CNE100001FB0
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.01 CNY | -0.40% |
|
-5.66% | -13.45% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 22,012 | 45,282 | 42,732 | 27,489 | 23,052 | 19,951 | - | - |
| Enterprise Value (EV) 1 | 22,012 | 44,112 | 40,856 | 26,942 | 22,953 | 18,622 | 18,415 | 19,422 |
| P/E ratio | 43.9 x | 75.2 x | 53.9 x | 55.1 x | 40.6 x | 26 x | 18.7 x | 16.9 x |
| Yield | 0.26% | 0.22% | 0.26% | 0.36% | 0.43% | 0.65% | 0.95% | 0.79% |
| Capitalization / Revenue | 10.2 x | 17.8 x | 13.5 x | 8.68 x | 5.97 x | 4.33 x | 3.66 x | 3.13 x |
| EV / Revenue | 10.2 x | 17.4 x | 12.9 x | 8.51 x | 5.95 x | 4.04 x | 3.38 x | 3.05 x |
| EV / EBITDA | 30.3 x | 52.5 x | 37.4 x | 36.1 x | 24 x | 15 x | 11.9 x | 10.9 x |
| EV / FCF | - | - | - | -83.9 x | 112 x | 64.3 x | 31 x | - |
| FCF Yield | - | - | - | -1.19% | 0.89% | 1.55% | 3.23% | - |
| Price to Book | 6.03 x | 9.06 x | 7.44 x | 4.72 x | 3.68 x | 2.86 x | 2.46 x | 2.25 x |
| Nbr of stocks (in thousands) | 963,341 | 1,003,810 | 1,003,810 | 997,048 | 997,048 | 997,048 | - | - |
| Reference price 2 | 22.85 | 45.11 | 42.57 | 27.57 | 23.12 | 20.01 | 20.01 | 20.01 |
| Announcement Date | 2/26/20 | 2/8/21 | 3/9/22 | 4/17/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,153 | 2,542 | 3,162 | 3,167 | 3,859 | 4,612 | 5,456 | 6,371 |
| EBITDA 1 | 725.6 | 839.9 | 1,092 | 747.2 | 957.5 | 1,240 | 1,545 | 1,786 |
| EBIT 1 | 622 | 712 | 945.3 | 577 | 719.7 | 913.2 | 1,272 | 1,438 |
| Operating Margin | 28.89% | 28.01% | 29.9% | 18.22% | 18.65% | 19.8% | 23.32% | 22.57% |
| Earnings before Tax (EBT) 1 | 623.5 | 715.4 | 957.1 | 562.1 | 704.7 | 912.3 | 1,282 | 1,448 |
| Net income 1 | 500.9 | 573.8 | 795.2 | 497 | 569.1 | 770 | 1,072 | 1,188 |
| Net margin | 23.26% | 22.57% | 25.15% | 15.69% | 14.75% | 16.7% | 19.66% | 18.65% |
| EPS 2 | 0.5200 | 0.6000 | 0.7900 | 0.5000 | 0.5700 | 0.7700 | 1.069 | 1.184 |
| Free Cash Flow 1 | - | - | - | -321 | 204.4 | 289.5 | 595 | - |
| FCF margin | - | - | - | -10.14% | 5.3% | 6.28% | 10.91% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 21.35% | 23.35% | 38.51% | - |
| FCF Conversion (Net income) | - | - | - | - | 35.92% | 37.6% | 55.48% | - |
| Dividend per Share 2 | 0.0600 | 0.1000 | 0.1100 | 0.1000 | 0.1000 | 0.1300 | 0.1896 | 0.1587 |
| Announcement Date | 2/26/20 | 2/8/21 | 3/9/22 | 4/17/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 888.4 | 836.5 | 894.2 | 712.3 | 723.9 | 785.6 | 1,065 | 936.8 | 1,072 | 826.7 | 1,285 | 1,216 | 1,433 | - | - |
| EBITDA 1 | 232.6 | 246.4 | 244.7 | 111.6 | - | - | - | - | - | - | 292.3 | 285.7 | 318.4 | - | - |
| EBIT 1 | 243.3 | 231.9 | 228.6 | 61.35 | 55.16 | 146.2 | 243.5 | 153.4 | 176.6 | 163.5 | 264.4 | 243.5 | 262.3 | - | - |
| Operating Margin | 27.38% | 27.73% | 25.57% | 8.61% | 7.62% | 18.61% | 22.87% | 16.37% | 16.48% | 19.78% | 20.57% | 20.03% | 18.31% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 146.7 | 245.8 | 151.2 | 160.9 | 164.8 | 249.3 | 242.7 | 275.4 | - | - |
| Net income 1 | - | - | - | - | - | 123.5 | 195.5 | 121.9 | 128.3 | 133.4 | 219.4 | 213.6 | 173.9 | - | - |
| Net margin | - | - | - | - | - | 15.72% | 18.36% | 13.01% | 11.97% | 16.13% | 17.07% | 17.57% | 12.14% | - | - |
| EPS 2 | 0.1900 | 0.2100 | 0.1900 | 0.0600 | 0.0400 | 0.1200 | 0.2000 | 0.1200 | 0.1300 | 0.1300 | 0.2200 | 0.1900 | 0.2200 | - | - |
| Dividend per Share 2 | 0.1100 | - | - | - | - | - | - | - | - | - | 0.0250 | 0.0250 | 0.0250 | 0.0187 | 0.0187 |
| Announcement Date | 3/9/22 | 4/25/22 | 8/25/22 | 10/24/22 | 4/17/23 | 4/27/23 | 8/8/23 | 10/26/23 | 4/18/24 | 4/25/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,170 | 1,876 | 547 | 98.6 | 1,329 | 1,536 | 529 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | -321 | 204 | 290 | 595 | - |
| ROE (net income / shareholders' equity) | 14.6% | 14.7% | 14.8% | 8.55% | 9.33% | 11.4% | 13.3% | 12.8% |
| ROA (Net income/ Total Assets) | 10.9% | 10.6% | 11.4% | - | - | 9.21% | 10.1% | 10.1% |
| Assets 1 | 4,595 | 5,415 | 6,952 | - | - | 8,364 | 10,607 | 11,822 |
| Book Value Per Share 2 | 3.790 | 4.980 | 5.720 | 5.840 | 6.280 | 7.000 | 8.130 | 8.900 |
| Cash Flow per Share 2 | 0.5000 | 0.7700 | 0.5700 | 0.2000 | 0.6400 | 0.4600 | 1.150 | 0.9500 |
| Capex 1 | 195 | 218 | 522 | 525 | 440 | 527 | 553 | 244 |
| Capex / Sales | 9.08% | 8.58% | 16.5% | 16.57% | 11.41% | 11.43% | 10.14% | 3.83% |
| Announcement Date | 2/26/20 | 2/8/21 | 3/9/22 | 4/17/23 | 4/18/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
20.01
CNY
Average target price
28.82
CNY
Spread / Average Target
+44.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.45% | 2.76B | |
| +2.19% | 148B | |
| +27.21% | 140B | |
| +39.83% | 135B | |
| +16.82% | 65.04B | |
| +2.57% | 39.15B | |
| +106.39% | 37.11B | |
| +7.72% | 32.66B | |
| -12.92% | 30.82B | |
| +8.55% | 28.99B |
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- Financials Shandong Sinocera Functional Material Co., Ltd.
