Valuation China Shipbuilding Industry Company Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 02/09/2024			5-day change	1st Jan Change
4.980 ^CNY	-6.39%		0.00%	+20.58%

03/09	China CSSC, China Shipbuilding Industry Request Trading Suspension Amid Asset Reorganization	MT
03/09	Two Chinese State-Owned Shipbuilding Giants Plan Merger	DJ

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	97,239	1,19,483	95,541	96,225	79,579	94,172
Change	-	22.88%	-20.04%	0.72%	-17.3%	18.34%
Enterprise Value (EV) ¹	69,483	78,995	46,836	48,110	32,504	43,833
Change	-	13.69%	-40.71%	2.72%	-32.44%	34.85%
P/E ratio	145x	238x	-200x	422x	-35.3x	-121x
PBR	1.15x	1.39x	1.12x	1.13x	0.95x	1.13x
PEG	-	-9.5x	1x	-3x	0x	1.8x
Capitalization / Revenue	2.19x	3.14x	2.74x	2.43x	1.8x	2.02x
EV / Revenue	1.56x	2.08x	1.34x	1.22x	0.74x	0.94x
EV / EBITDA	170x	-1,226x	-46.1x	-66.4x	-12.2x	-60.3x
EV / EBIT	-47.1x	-45.8x	-16.8x	-19x	-7.2x	-17.2x
EV / FCF	-14.9x	6.27x	8.62x	-6.25x	-10.8x	12.7x
FCF Yield	-6.71%	16%	11.6%	-16%	-9.29%	7.86%
Dividend per Share ²	0.009	-	-	0.003	-	0.01
Rate of return	0.21%	-	-	0.07%	-	0.24%
EPS ²	0.0294	0.022	-0.021	0.01	-0.099	-0.034
Distribution rate	30.6%	-	-	30%	-	-29.4%
Net sales ¹	44,484	38,057	34,906	39,539	44,155	46,694
EBITDA ¹	409	-64.45	-1,015	-724.9	-2,658	-727.5
EBIT ¹	-1,474	-1,725	-2,781	-2,531	-4,513	-2,555
Net income ¹	672.8	501.2	-481.2	219.9	-2,261	-781.9
Net Debt ¹	-27,756	-40,488	-48,705	-48,114	-47,075	-50,339
Reference price ²	4.250	5.240	4.190	4.220	3.490	4.130
Nbr of stocks (in thousands)	2,28,79,793	2,28,02,035	2,28,02,035	2,28,02,035	2,28,02,035	2,28,02,035
Announcement Date	26/04/19	28/04/20	29/04/21	28/04/22	27/04/23	26/04/24

¹CNY in Million²CNY

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
CHINA CSSC HOLDINGS LIMITED	28.04x	1.27x	14.08x	+1.12%	2.2TCr
HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD.	13.85x	0.46x	6.11x	+0.83%	974.41Cr
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.	9.13x	1.5x	5.78x	+3.49%	779.2Cr
HANWHA OCEAN CO., LTD.	53.03x	1.03x	26.49x	-.--%	705.97Cr
SAMSUNG HEAVY INDUSTRIES CO., LTD.	34.51x	1.14x	15.62x	-.--%	665.02Cr
COCHIN SHIPYARD LIMITED	64.89x	9.01x	50.83x	+0.55%	569.78Cr
SEATRIUM LIMITED	34.5x	0.87x	10.51x	+0.48%	432.32Cr
HD HYUNDAI MIPO CO.,LTD.	57.3x	0.96x	30.07x	+0.24%	306.63Cr
Average	36.91x	2.03x	19.94x	+0.84%	829.16Cr
Weighted average by Cap.	31.98x	1.76x	17.07x	+0.99%