Financials Do-Fluoride New Materials Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 29/04/2024 am IST			5-day change	1st Jan Change
14.06 ^CNY	+3.46%		+5.16%	-7.62%

25/04	Do-Fluoride New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
15/04	Tranche Update on Do-Fluoride New Materials Co., Ltd.'s Equity Buyback Plan announced on September 27, 2023.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,966	13,699	33,968	25,155	17,929	16,462	-	-
Enterprise Value (EV) ¹	8,966	13,699	33,968	25,155	17,929	16,462	16,462	16,462
P/E ratio	-21.5 x	286 x	26.5 x	13.2 x	33.1 x	23.8 x	15.1 x	10.9 x
Yield	-	-	1.11%	1.8%	1.97%	1.96%	2.99%	4.27%
Capitalization / Revenue	2.33 x	-	4.36 x	2.04 x	1.5 x	1.19 x	0.94 x	0.7 x
EV / Revenue	2.33 x	-	4.36 x	2.04 x	1.5 x	1.19 x	0.94 x	0.7 x
EV / EBITDA	-60.7 x	-	18.4 x	8.55 x	12.1 x	7.96 x	5.93 x	4.49 x
EV / FCF	-	-	4,37,79,669 x	-3,16,35,822 x	-	-	-	-
FCF Yield	-	-	0%	-0%	-	-	-	-
Price to Book	3.08 x	-	6.79 x	3.93 x	1.95 x	1.74 x	1.58 x	1.47 x
Nbr of stocks (in thousands)	9,57,489	9,57,489	10,57,011	10,56,921	11,77,977	11,70,822	-	-
Reference price ²	9.364	14.31	32.14	23.80	15.22	14.06	14.06	14.06
Announcement Date	27/02/20	06/04/21	09/03/22	28/02/23	28/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,851	-	7,799	12,358	11,937	13,782	17,475	23,480
EBITDA ¹	-147.6	-	1,847	2,941	1,485	2,069	2,774	3,664
EBIT ¹	-457.1	-	1,409	2,262	632.3	974	1,480	2,038
Operating Margin	-11.87%	-	18.07%	18.31%	5.3%	7.07%	8.47%	8.68%
Earnings before Tax (EBT) ¹	-436.1	-	1,411	-	624.7	968.5	1,559	2,033
Net income ¹	-416.3	48.62	1,260	1,948	509.8	708.4	1,265	1,531
Net margin	-10.81%	-	16.15%	15.76%	4.27%	5.14%	7.24%	6.52%
EPS ²	-0.4357	0.0500	1.214	1.807	0.4600	0.5900	0.9300	1.285
Free Cash Flow	-	-	775.9	-795.1	-	-	-	-
FCF margin	-	-	9.95%	-6.43%	-	-	-	-
FCF Conversion (EBITDA)	-	-	42.01%	-	-	-	-	-
FCF Conversion (Net income)	-	-	61.59%	-	-	-	-	-
Dividend per Share ²	-	-	0.3571	0.4286	0.3000	0.2750	0.4200	0.6000
Announcement Date	27/02/20	06/04/21	09/03/22	28/02/23	28/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	776	-795	-	-	-	-
ROE (net income / shareholders' equity)	-12.8%	1.65%	31.4%	34.6%	6.82%	7.36%	10.6%	13.4%
ROA (Net income/ Total Assets)	-	-	11.7%	-	2.23%	3.34%	5.16%	5.48%
Assets ¹	-	-	10,729	-	22,848	21,209	24,522	27,963
Book Value Per Share ²	3.040	-	4.740	6.050	7.800	8.070	8.890	9.580
Cash Flow per Share ²	0.0500	-	1.900	1.630	0.2800	1.470	2.320	2.910
Capex ¹	263	-	1,199	2,548	1,484	2,133	1,512	1,742
Capex / Sales	6.83%	-	15.38%	20.62%	12.43%	15.47%	8.65%	7.42%
Announcement Date	27/02/20	06/04/21	09/03/22	28/02/23	28/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.06 CNY

Average target price

19 CNY

Spread / Average Target

+35.14%

	1st Jan change	Capi.
DO-FLUORIDE NEW MATERIALS CO., LTD.	-7.62%	2.2B
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RONGSHENG PETROCHEMICAL CO., LTD.	+12.08%	15.03B
HENGLI PETROCHEMICAL CO.,LTD.	+17.69%	14.96B