Financials Asian Star Anchor Chain Co., Ltd. Jiangsu

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
8.16 ^CNY	-0.85%		-3.09%	-17.58%

22/04	Asian Star Anchor Chain Co., Ltd. Jiangsu Reports Earnings Results for the Full Year Ended December 31, 2023	CI
22/04	Asian Star Anchor Chain Co., Ltd. Jiangsu Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,227	8,913	8,472	9,498	7,829	-	-
Enterprise Value (EV) ¹	6,227	8,913	8,472	9,498	7,829	7,829	7,829
P/E ratio	71.3 x	73.7 x	57 x	40.1 x	25.1 x	19.8 x	16.5 x
Yield	-	0.43%	-	1.06%	0.57%	0.69%	1.23%
Capitalization / Revenue	-	6.75 x	5.59 x	4.92 x	3.11 x	2.54 x	2.23 x
EV / Revenue	-	6.75 x	5.59 x	4.92 x	3.11 x	2.54 x	2.23 x
EV / EBITDA	-	50.2 x	33.8 x	26.9 x	18.3 x	14.3 x	12.1 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	2.83 x	2.6 x	2.76 x	2.24 x	2.04 x	1.76 x
Nbr of stocks (in thousands)	9,59,400	9,59,400	9,59,400	9,59,400	9,59,400	-	-
Reference price ²	6.490	9.290	8.830	9.900	8.160	8.160	8.160
Announcement Date	26/04/21	25/04/22	24/04/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,320	1,516	1,931	2,515	3,086	3,513
EBITDA ¹	-	177.6	250.3	352.5	426.7	546.1	646.3
EBIT ¹	-	141.6	176.8	276.5	358.2	462.5	550.6
Operating Margin	-	10.73%	11.66%	14.32%	14.25%	14.98%	15.67%
Earnings before Tax (EBT) ¹	-	-	176.3	270.4	358.2	461.8	549.6
Net income ¹	87.16	121.2	149	236.5	309.7	394	474
Net margin	-	9.18%	9.83%	12.25%	12.32%	12.77%	13.49%
EPS ²	0.0910	0.1260	0.1550	0.2470	0.3250	0.4114	0.4933
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.0400	-	0.1050	0.0467	0.0567	0.1000
Announcement Date	26/04/21	25/04/22	24/04/23	22/04/24	-	-	-

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	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	3.91%	4.66%	7.06%	8.69%	10.5%	10.8%
ROA (Net income/ Total Assets)	-	2.99%	-	-	5.95%	6.46%	7.29%
Assets ¹	-	4,052	-	-	5,205	6,096	6,502
Book Value Per Share ²	-	3.280	3.390	3.590	3.650	3.990	4.650
Cash Flow per Share ²	-	0.0700	0.1900	0.2600	0.2000	0.3100	0.2300
Capex ¹	-	26.3	19.4	116	228	143	280
Capex / Sales	-	2%	1.28%	6.01%	9.07%	4.62%	7.97%
Announcement Date	26/04/21	25/04/22	24/04/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.16 CNY

Average target price

10.66 CNY

Spread / Average Target

+30.61%

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