Financials Sichuan Meifeng Chemical Industry Co., Ltd.

Equities

000731

CNE000000FV1

Agricultural Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.08 CNY 0.00% Intraday chart for Sichuan Meifeng Chemical Industry Co., Ltd. -0.56% -4.32%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 4,720 2,969 3,082 3,017 6,080 4,645
Enterprise Value (EV) 1 4,973 2,900 2,769 2,443 4,907 2,689
P/E ratio 30.3 x 13.5 x 35.7 x 29.1 x 10.8 x 7.47 x
Yield 1% 2.99% 0.96% - 1.64% 2.17%
Capitalization / Revenue 1.87 x 1.12 x 1.05 x 1.04 x 1.49 x 0.95 x
EV / Revenue 1.97 x 1.1 x 0.95 x 0.84 x 1.2 x 0.55 x
EV / EBITDA 10.2 x 5.52 x 8.62 x 7.65 x 5.18 x 2.66 x
EV / FCF 13.4 x 11.1 x 8.82 x 9.61 x 14.7 x 3.92 x
FCF Yield 7.49% 9.01% 11.3% 10.4% 6.81% 25.5%
Price to Book 1.8 x 1.06 x 1.1 x 1.05 x 1.78 x 1.16 x
Nbr of stocks (in thousands) 591,484 591,484 591,484 591,484 585,724 585,724
Reference price 2 7.980 5.020 5.210 5.100 10.38 7.930
Announcement Date 3/26/18 4/15/19 4/23/20 4/26/21 4/25/22 4/24/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,528 2,640 2,929 2,912 4,091 4,910
EBITDA 1 486.8 525.1 321.4 319.5 947.5 1,011
EBIT 1 262.4 298.2 105.5 110.6 743.1 809.3
Operating Margin 10.38% 11.29% 3.6% 3.8% 18.17% 16.48%
Earnings before Tax (EBT) 1 178.8 246.2 100.9 112 740.7 866.1
Net income 1 155.6 219.6 86.36 103.7 568.9 622.1
Net margin 6.16% 8.32% 2.95% 3.56% 13.91% 12.67%
EPS 2 0.2631 0.3713 0.1460 0.1753 0.9642 1.062
Free Cash Flow 1 372.5 261.3 313.9 254.3 334 686.3
FCF margin 14.73% 9.9% 10.72% 8.73% 8.17% 13.98%
FCF Conversion (EBITDA) 76.53% 49.76% 97.64% 79.59% 35.26% 67.91%
FCF Conversion (Net income) 239.39% 118.99% 363.45% 245.19% 58.71% 110.32%
Dividend per Share 2 0.0800 0.1500 0.0500 - 0.1700 0.1721
Announcement Date 3/26/18 4/15/19 4/23/20 4/26/21 4/25/22 4/24/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 253 - - - - -
Net Cash position 1 - 68.8 312 573 1,172 1,955
Leverage (Debt/EBITDA) 0.5197 x - - - - -
Free Cash Flow 1 372 261 314 254 334 686
ROE (net income / shareholders' equity) 5.6% 7.94% 2.99% 3.36% 20% 18.6%
ROA (Net income/ Total Assets) 3.6% 4.37% 1.66% 1.77% 11% 10.6%
Assets 1 4,325 5,021 5,218 5,868 5,155 5,895
Book Value Per Share 2 4.430 4.730 4.740 4.860 5.840 6.810
Cash Flow per Share 2 1.490 1.450 1.370 1.000 1.130 1.730
Capex 1 46.3 35.5 14.8 20.4 69 185
Capex / Sales 1.83% 1.35% 0.51% 0.7% 1.69% 3.77%
Announcement Date 3/26/18 4/15/19 4/23/20 4/26/21 4/25/22 4/24/23
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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