Financials Shenergy Company Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-19 pm EDT			5-day change	1st Jan Change
8.76 ^CNY	+1.62%		-1.79%	+36.45%

May. 17	Shenergy to Build Green Methanol-Producing Recycling Facilities	MT
Apr. 29	Shenergy Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	28,539	25,641	35,855	26,936	31,402	42,847	-	-
Enterprise Value (EV) ¹	28,539	25,641	35,855	26,936	31,402	42,847	42,847	42,847
P/E ratio	12 x	10.7 x	22.1 x	24.7 x	9.06 x	10.5 x	9.73 x	8.67 x
Yield	3.79%	5.36%	2.71%	2.91%	6.23%	4.85%	5.52%	6.51%
Capitalization / Revenue	0.73 x	1.3 x	1.42 x	0.96 x	1.08 x	1.43 x	1.38 x	1.34 x
EV / Revenue	0.73 x	1.3 x	1.42 x	0.96 x	1.08 x	1.43 x	1.38 x	1.34 x
EV / EBITDA	-	4.24 x	7.17 x	6.21 x	3.93 x	4.46 x	3.97 x	3.65 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.96 x	0.83 x	1.17 x	0.87 x	0.94 x	1.2 x	1.14 x	1.08 x
Nbr of stocks (in thousands)	4,912,038	4,912,038	4,864,938	4,906,352	4,891,256	4,891,256	-	-
Reference price ²	5.810	5.220	7.370	5.490	6.420	8.760	8.760	8.760
Announcement Date	4/27/20	4/2/21	4/8/22	4/27/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	38,841	19,709	25,313	28,193	29,142	29,955	30,977	32,033
EBITDA ¹	-	6,046	5,004	4,334	7,992	9,598	10,783	11,748
EBIT ¹	-	3,457	2,414	1,406	4,762	5,909	6,358	7,099
Operating Margin	-	17.54%	9.54%	4.99%	16.34%	19.73%	20.53%	22.16%
Earnings before Tax (EBT) ¹	3,288	3,488	2,509	1,429	4,754	5,909	6,357	7,096
Net income ¹	2,286	2,393	1,642	1,082	3,459	4,099	4,407	4,935
Net margin	5.89%	12.14%	6.49%	3.84%	11.87%	13.68%	14.23%	15.41%
EPS ²	0.4830	0.4870	0.3340	0.2220	0.7090	0.8375	0.9000	1.010
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2200	0.2800	0.2000	0.1600	0.4000	0.4250	0.4833	0.5700
Announcement Date	4/27/20	4/2/21	4/8/22	4/27/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.22%	7.91%	5.28%	3.53%	10.8%	11.5%	11.8%	12.4%
ROA (Net income/ Total Assets)	3.58%	3.32%	1.98%	1.21%	-	4.48%	4.78%	4.86%
Assets ¹	63,797	72,130	82,965	89,712	-	91,495	92,190	101,656
Book Value Per Share ²	6.030	6.280	6.280	6.290	6.850	7.270	7.690	8.130
Cash Flow per Share ²	-	0.9900	0.6500	0.9800	1.500	1.640	1.730	2.240
Capex ¹	3,675	4,436	5,058	2,524	3,894	11,561	9,548	6,365
Capex / Sales	9.46%	22.51%	19.98%	8.95%	13.36%	38.59%	30.82%	19.87%
Announcement Date	4/27/20	4/2/21	4/8/22	4/27/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.76 CNY

Average target price

9.48 CNY

Spread / Average Target

+8.22%

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