CANGZHOU DAHUA CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.25 CNY | -2.26% |
|
+7.86% | -16.48% |
| 28/04 | Cangzhou Dahua Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 17/04 | Cangzhou Dahua Chairman Resigns, Successor Named | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,652 | 4,255 | 3,744 | 5,961 | 6,899 | 5,605 |
| Enterprise Value (EV) 1 | 4,905 | 3,430 | 3,888 | 6,902 | 7,703 | 5,989 |
| P/E ratio | 6.71 x | 92.8 x | 101 x | 26.7 x | 16.3 x | 29.3 x |
| Yield | 1.24% | 0.17% | 0.17% | 0.42% | 1.83% | 1.02% |
| Capitalization / Revenue | 1.5 x | 2.02 x | 2.26 x | 2.5 x | 1.4 x | 1.15 x |
| EV / Revenue | 1.11 x | 1.63 x | 2.35 x | 2.89 x | 1.57 x | 1.23 x |
| EV / EBITDA | 2.73 x | 15.7 x | 22.8 x | 14.4 x | 8.23 x | 8.25 x |
| EV / FCF | 4.08 x | -11.9 x | -7.66 x | -5.06 x | 54.3 x | 9.25 x |
| FCF Yield | 24.5% | -8.43% | -13.1% | -19.8% | 1.84% | 10.8% |
| Price to Book | 1.85 x | 1.2 x | 1.05 x | 1.57 x | 1.75 x | 1.4 x |
| Nbr of stocks (in thousands) | 4,11,864 | 4,11,864 | 4,11,864 | 4,18,596 | 4,18,356 | 4,16,145 |
| Reference price 2 | 16.15 | 10.33 | 9.090 | 14.24 | 16.49 | 13.47 |
| Announcement Date | 28/03/19 | 23/04/20 | 09/04/21 | 21/04/22 | 26/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,432 | 2,106 | 1,653 | 2,387 | 4,914 | 4,867 |
| EBITDA 1 | 1,796 | 218.9 | 170.7 | 480 | 935.6 | 725.9 |
| EBIT 1 | 1,504 | -34.15 | -79.96 | 200.8 | 504.3 | 229.3 |
| Operating Margin | 33.94% | -1.62% | -4.84% | 8.41% | 10.26% | 4.71% |
| Earnings before Tax (EBT) 1 | 1,356 | -6.511 | 10.62 | 216.4 | 457.6 | 199.4 |
| Net income 1 | 990.9 | 45.84 | 36.94 | 220.3 | 420.1 | 190.4 |
| Net margin | 22.36% | 2.18% | 2.23% | 9.23% | 8.55% | 3.91% |
| EPS 2 | 2.406 | 0.1113 | 0.0897 | 0.5333 | 1.012 | 0.4601 |
| Free Cash Flow 1 | 1,202 | -289.3 | -507.8 | -1,365 | 141.9 | 647.5 |
| FCF margin | 27.11% | -13.74% | -30.71% | -57.19% | 2.89% | 13.3% |
| FCF Conversion (EBITDA) | 66.91% | - | - | - | 15.16% | 89.2% |
| FCF Conversion (Net income) | 121.26% | - | - | - | 33.77% | 340.07% |
| Dividend per Share 2 | 0.2000 | 0.0180 | 0.0150 | 0.0600 | 0.3020 | 0.1380 |
| Announcement Date | 28/03/19 | 23/04/20 | 09/04/21 | 21/04/22 | 26/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 144 | 942 | 804 | 383 |
| Net Cash position 1 | 1,747 | 824 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.8457 x | 1.962 x | 0.8594 x | 0.5281 x |
| Free Cash Flow 1 | 1,202 | -289 | -508 | -1,365 | 142 | 648 |
| ROE (net income / shareholders' equity) | 30.6% | 0.66% | 0.34% | 4.96% | 10.4% | 4.52% |
| ROA (Net income/ Total Assets) | 21% | -0.45% | -0.88% | 1.86% | 4.52% | 2.13% |
| Assets 1 | 4,721 | -10,272 | -4,185 | 11,870 | 9,295 | 8,940 |
| Book Value Per Share 2 | 8.710 | 8.600 | 8.680 | 9.040 | 9.410 | 9.610 |
| Cash Flow per Share 2 | 4.310 | 3.170 | 2.650 | 1.020 | 1.000 | 0.4300 |
| Capex 1 | 76.2 | 526 | 1,108 | 2,048 | 402 | 63.7 |
| Capex / Sales | 1.72% | 24.97% | 67% | 85.8% | 8.18% | 1.31% |
| Announcement Date | 28/03/19 | 23/04/20 | 09/04/21 | 21/04/22 | 26/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -16.48% | 663M | |
| +5.51% | 105B | |
| -3.23% | 63.99B | |
| +53.33% | 42.95B | |
| +17.94% | 39.2B | |
| +6.96% | 33.01B | |
| +13.36% | 20.33B | |
| +14.15% | 17.29B | |
| +24.53% | 15.72B | |
| +7.25% | 14.72B |
- Stock Market
- Equities
- 600230 Stock
- Financials Cangzhou Dahua Co., Ltd.