Financials Anhui Estone Materials Technology Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 15/05/2024 am IST			5-day change	1st Jan Change
18.95 ^CNY	-0.94%		-7.11%	-35.26%

29/04	Anhui Estone Materials Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
21/03	Estone Materials, Hunan Huamin Tie Up for Synthetic Quartz Sand R&D	MT

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	14,529	7,526	5,800	3,751	-	-
Enterprise Value (EV) ¹	14,529	7,526	5,800	3,751	3,751	3,751
P/E ratio	112 x	47.7 x	244 x	27.7 x	18.6 x	15.2 x
Yield	0.25%	0.53%	0.34%	1.06%	-	-
Capitalization / Revenue	34.4 x	12.5 x	12.5 x	4.32 x	3.18 x	3.24 x
EV / Revenue	34.4 x	12.5 x	12.5 x	4.32 x	3.18 x	3.24 x
EV / EBITDA	95.7 x	36.2 x	59.7 x	22.1 x	15.2 x	11.1 x
EV / FCF	-	-2,12,71,958 x	-	-	-	-
FCF Yield	-	-0%	-	-	-	-
Price to Book	11.9 x	3.33 x	2.61 x	1.63 x	1.48 x	1.42 x
Nbr of stocks (in thousands)	1,82,164	1,99,775	1,98,171	1,97,965	-	-
Reference price ²	79.76	37.67	29.27	18.95	18.95	18.95
Announcement Date	23/02/22	27/02/23	23/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	422.7	603	464.5	867.4	1,178	1,158
EBITDA ¹	-	151.9	207.6	97.21	169.7	247.2	336.6
EBIT ¹	-	122.6	163.4	18.07	78.77	205.2	180.3
Operating Margin	-	29.01%	27.1%	3.89%	9.08%	17.42%	15.57%
Earnings before Tax (EBT) ¹	-	123.8	167.7	17.77	80.48	209.1	181.4
Net income ¹	45.09	108.2	146.9	24.52	136.5	204.2	250.4
Net margin	-	25.6%	24.36%	5.28%	15.74%	17.34%	21.62%
EPS ²	0.3300	0.7100	0.7900	0.1200	0.6850	1.020	1.250
Free Cash Flow	-	-	-353.8	-	-	-	-
FCF margin	-	-	-58.67%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2000	0.2000	0.1000	0.2000	-	-
Announcement Date	28/07/21	23/02/22	27/02/23	23/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-354	-	-	-	-
ROE (net income / shareholders' equity)	-	14.4%	9.71%	1.09%	5.67%	7.81%	9.36%
ROA (Net income/ Total Assets)	-	10.7%	6.66%	0.82%	3.45%	4.1%	-
Assets ¹	-	1,007	2,206	2,980	3,957	4,981	-
Book Value Per Share ²	-	6.730	11.30	11.20	11.70	12.80	13.40
Cash Flow per Share ²	-	-0.2200	0.2500	0.0300	0.1500	1.800	1.180
Capex ¹	-	159	404	414	358	330	249
Capex / Sales	-	37.72%	67.04%	89.12%	41.3%	28.05%	21.49%
Announcement Date	28/07/21	23/02/22	27/02/23	23/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.95 CNY

Average target price

26.47 CNY

Spread / Average Target

+39.67%

	1st Jan change	Capi.
ANHUI ESTONE MATERIALS TECHNOLOGY CO.,LTD	-35.26%	524M
AIR LIQUIDE	+6.11%	105B
SABIC	-4.67%	63.83B
PT CHANDRA ASRI PACIFIC TBK	+73.81%	45.28B
WANHUA CHEMICAL GROUP CO., LTD.	+15.46%	38.93B
LYONDELLBASELL INDUSTRIES N.V.	+5.46%	33.06B
WESTLAKE CORPORATION	+11.59%	20.21B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+13.74%	16.94B
HENGLI PETROCHEMICAL CO.,LTD.	+20.05%	16.08B
RONGSHENG PETROCHEMICAL CO., LTD.	+5.02%	14.49B