Financials Shanghai Shunho New Materials Technology Co.,Ltd.

Equities

002565

CNE1000011B5

Paper Packaging

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.99 CNY +2.40% Intraday chart for Shanghai Shunho New Materials Technology Co.,Ltd. +8.73% -11.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,673 6,785 4,495 7,219 4,325 3,593
Enterprise Value (EV) 1 2,567 6,568 4,275 7,104 4,035 3,028
P/E ratio 26.9 x -34 x 573 x -255 x -68 x 113 x
Yield 5.35% - - - - -
Capitalization / Revenue 1.3 x 3.91 x 2.81 x 4.66 x 3.06 x 2.52 x
EV / Revenue 1.25 x 3.79 x 2.67 x 4.58 x 2.86 x 2.12 x
EV / EBITDA 14.1 x 42.5 x 30.3 x 93.8 x 70.9 x 21.5 x
EV / FCF -6,982 x 70.6 x 62 x 50.2 x 58.6 x 11.3 x
FCF Yield -0.01% 1.42% 1.61% 1.99% 1.71% 8.87%
Price to Book 1.27 x 3.49 x 2.31 x 3.76 x 2.32 x 1.08 x
Nbr of stocks (in thousands) 1,063,657 1,060,157 1,060,157 1,059,989 1,059,989 1,059,989
Reference price 2 2.513 6.400 4.240 6.810 4.080 3.390
Announcement Date 4/24/19 4/27/20 4/29/21 4/29/22 4/26/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,055 1,734 1,599 1,550 1,411 1,425
EBITDA 1 182.4 154.7 141.1 75.72 56.95 140.9
EBIT 1 87.75 69.26 51.01 -6.311 -24.23 66.74
Operating Margin 4.27% 3.99% 3.19% -0.41% -1.72% 4.68%
Earnings before Tax (EBT) 1 140.1 -217 23.8 -13.7 -51.64 54.27
Net income 1 101.4 -198.4 7.831 -28.29 -59.75 28.4
Net margin 4.93% -11.44% 0.49% -1.82% -4.23% 1.99%
EPS 2 0.0933 -0.1884 0.007400 -0.0267 -0.0600 0.0300
Free Cash Flow 1 -0.3676 93.07 68.94 141.6 68.81 268.7
FCF margin -0.02% 5.37% 4.31% 9.14% 4.88% 18.85%
FCF Conversion (EBITDA) - 60.16% 48.85% 187.06% 120.84% 190.77%
FCF Conversion (Net income) - - 880.36% - - 946.08%
Dividend per Share 2 0.1344 - - - - -
Announcement Date 4/24/19 4/27/20 4/29/21 4/29/22 4/26/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S2 2022 Q1
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 -31.04 -2.89
Net margin - -
EPS 2 -0.0293 -0.002700
Dividend per Share - -
Announcement Date 4/29/22 4/29/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 107 217 220 114 290 566
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -0.37 93.1 68.9 142 68.8 269
ROE (net income / shareholders' equity) 4.82% -8.74% 0.69% -1.21% -2.78% 1.93%
ROA (Net income/ Total Assets) 1.45% 1.3% 1.05% -0.13% -0.52% 1.45%
Assets 1 6,973 -15,279 746.5 21,142 11,401 1,959
Book Value Per Share 2 1.980 1.830 1.840 1.810 1.760 3.150
Cash Flow per Share 2 0.7000 0.5900 0.5200 0.3300 0.4500 1.170
Capex 1 66.5 60.6 98.1 94 39.9 31.8
Capex / Sales 3.24% 3.5% 6.14% 6.06% 2.83% 2.23%
Announcement Date 4/24/19 4/27/20 4/29/21 4/29/22 4/26/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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