Financials Zhejiang Runtu Co., Ltd.

Equities

002440

CNE100000QY1

Specialty Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
6.69 ^CNY	-0.89%		+1.21%	+9.67%

May. 07	Zhejiang Runtu Receives Partial Demolition Compensation	MT
Apr. 30	Zhejiang Runtu Co., Ltd. Proposes Final Cash Dividend for the Year 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	12,886	10,709	10,813	8,149	6,856	7,520	-
Enterprise Value (EV) ¹	12,142	9,215	10,239	8,149	6,856	7,520	7,520
P/E ratio	9.41 x	13.5 x	13 x	13.4 x	153 x	33.5 x	25.7 x
Yield	3.13%	3.76%	3.65%	3.45%	2.46%	0.9%	1.2%
Capitalization / Revenue	1.98 x	2.05 x	1.94 x	1.3 x	1.23 x	1.34 x	1.3 x
EV / Revenue	1.98 x	2.05 x	1.94 x	1.3 x	1.23 x	1.34 x	1.3 x
EV / EBITDA	6.45 x	7.66 x	7.13 x	5.97 x	9.65 x	7.11 x	6.24 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.47 x	1.17 x	1.17 x	0.86 x	0.75 x	0.81 x	0.79 x
Nbr of stocks (in thousands)	1,150,500	1,149,000	1,127,480	1,124,000	1,124,000	1,124,000	-
Reference price ²	11.20	9.320	9.590	7.250	6.100	6.690	6.690
Announcement Date	2/28/20	3/10/21	3/30/22	4/2/23	4/29/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	6,513	5,228	5,572	6,268	5,588	5,610	5,799
EBITDA ¹	1,996	1,398	1,517	1,365	710.6	1,057	1,205
EBIT ¹	1,569	920.5	1,045	870.7	187.7	603	764
Operating Margin	24.08%	17.61%	18.75%	13.89%	3.36%	10.75%	13.17%
Earnings before Tax (EBT) ¹	1,649	927.5	1,030	832.2	155.6	603	764
Net income ¹	1,370	788.2	835.6	606.5	45.77	233	300
Net margin	21.03%	15.08%	15%	9.68%	0.82%	4.15%	5.17%
EPS ²	1.190	0.6900	0.7400	0.5400	0.0400	0.2000	0.2600
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.3500	0.3500	0.3500	0.2500	0.1500	0.0600	0.0800
Announcement Date	2/28/20	3/10/21	3/30/22	4/2/23	4/29/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3
Net sales	-	-	-	-
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	-	-	-	-
Net margin	-	-	-	-
EPS ¹	0.1500	0.1900	0.2500	0.0500
Dividend per Share	-	-	-	-
Announcement Date	3/30/22	4/29/22	8/30/22	10/30/22

¹CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	744	1,494	573	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	16.5%	8.81%	9.05%	6.38%	0.48%	2.5%	3.1%
ROA (Net income/ Total Assets)	13.1%	7.08%	7.64%	5.04%	-	2%	2.4%
Assets ¹	10,491	11,132	10,936	12,041	-	11,650	12,500
Book Value Per Share ²	7.630	7.960	8.200	8.390	8.180	8.230	8.430
Cash Flow per Share ²	1.600	1.350	0.5200	0.7700	-0.1100	0.5400	0.5000
Capex ¹	217	120	250	195	102	143	243
Capex / Sales	3.33%	2.29%	4.49%	3.11%	1.83%	2.55%	4.19%
Announcement Date	2/28/20	3/10/21	3/30/22	4/2/23	4/29/24	-	-

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 Zhejiang Runtu Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.69 CNY

Average target price

8.5 CNY

Spread / Average Target

+27.06%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Coloring Agent

	1st Jan change	Capi.
ZHEJIANG RUNTU CO., LTD.	+9.67%	1.05B
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SUDARSHAN CHEMICAL INDUSTRIES LIMITED	+31.03%	592M
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Coloring Agent