Financials HaiXin Foods Co.,Ltd

Equities

002702

CNE100001M46

Food Processing

End-of-day quote Shenzhen S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
4.06 CNY +1.75% Intraday chart for HaiXin Foods Co.,Ltd +0.50% -35.25%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,918 2,072 4,149 2,904 3,312 3,485
Enterprise Value (EV) 1 1,592 1,849 3,936 3,013 3,451 3,608
P/E ratio 55 x 304 x 58.4 x -84.4 x 52.4 x 1,393 x
Yield 1.25% 1.16% 0.58% - 1.45% -
Capitalization / Revenue 1.68 x 1.5 x 2.58 x 1.87 x 2.04 x 2.03 x
EV / Revenue 1.39 x 1.34 x 2.45 x 1.94 x 2.13 x 2.1 x
EV / EBITDA 29.9 x 35.4 x 32.2 x 341 x 36 x 41.6 x
EV / FCF 64.9 x 9.97 x -177 x -12.9 x -59.9 x -13 x
FCF Yield 1.54% 10% -0.57% -7.75% -1.67% -7.67%
Price to Book 2.38 x 2.63 x 4.97 x 3.72 x 3.95 x 2.97 x
Nbr of stocks (in thousands) 4,80,760 4,80,760 4,80,760 4,80,760 4,80,760 5,55,760
Reference price 2 3.990 4.310 8.630 6.040 6.890 6.270
Announcement Date 19/03/19 28/04/20 20/04/21 26/04/22 20/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,145 1,385 1,606 1,550 1,621 1,716
EBITDA 1 53.18 52.18 122.1 8.834 95.76 86.73
EBIT 1 19.95 19.65 87.35 -28.67 53.74 40.06
Operating Margin 1.74% 1.42% 5.44% -1.85% 3.31% 2.33%
Earnings before Tax (EBT) 1 41.68 10.09 96.7 -30.96 85.6 12.13
Net income 1 34.89 6.84 71.02 -34.43 63.22 2.27
Net margin 3.05% 0.49% 4.42% -2.22% 3.9% 0.13%
EPS 2 0.0726 0.0142 0.1477 -0.0716 0.1315 0.004500
Free Cash Flow 1 24.53 185.4 -22.24 -233.6 -57.65 -276.7
FCF margin 2.14% 13.39% -1.38% -15.07% -3.56% -16.13%
FCF Conversion (EBITDA) 46.12% 355.36% - - - -
FCF Conversion (Net income) 70.29% 2,711.14% - - - -
Dividend per Share 2 0.0500 0.0500 0.0500 - 0.1000 -
Announcement Date 19/03/19 28/04/20 20/04/21 26/04/22 20/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 109 139 124
Net Cash position 1 326 223 213 - - -
Leverage (Debt/EBITDA) - - - 12.32 x 1.448 x 1.426 x
Free Cash Flow 1 24.5 185 -22.2 -234 -57.6 -277
ROE (net income / shareholders' equity) 4.43% 0.86% 8.65% -4.47% 7.76% -0.06%
ROA (Net income/ Total Assets) 1.12% 1.05% 4.28% -1.26% 2.06% 1.27%
Assets 1 3,118 654.2 1,658 2,729 3,072 178.2
Book Value Per Share 2 1.670 1.640 1.740 1.620 1.750 2.110
Cash Flow per Share 2 0.1900 0.2200 0.2400 0.2400 0.3700 0.5000
Capex 1 27.2 46.5 94.8 228 223 185
Capex / Sales 2.37% 3.36% 5.9% 14.72% 13.74% 10.8%
Announcement Date 19/03/19 28/04/20 20/04/21 26/04/22 20/04/23 25/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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