Stock 603806 HANGZHOU FIRST APPLIED MATERIAL CO., LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Hangzhou First Applied Material Co., Ltd.

Equities

603806

CNE100001VX1

Commodity Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 03:30:00 30/04/2024 am IST 		5-day change 1st Jan Change
27.22 CNY +4.21% Intraday chart for Hangzhou First Applied Material Co., Ltd. +11.47% +12.15%
29/04 Hangzhou First Applied Material Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
15/04 Jefferies Adjusts Hangzhou First’s Price Target to 32.68 Yuan From 35.54 Yuan, Keeps at Buy MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,398 65,720 1,24,167 88,468 45,192 50,674 - -
Enterprise Value (EV) 1 24,427 65,398 1,21,503 86,016 43,492 47,515 46,788 48,724
P/E ratio 26.6 x 40.9 x 55.6 x 56.3 x 24.3 x 20.4 x 16.4 x 14.2 x
Yield 1.13% 0.53% 0.27% 0.23% 1.07% 1.01% 1.07% 1.48%
Capitalization / Revenue 3.98 x 7.83 x 9.66 x 4.69 x 2 x 1.94 x 1.62 x 1.47 x
EV / Revenue 3.83 x 7.79 x 9.45 x 4.56 x 1.93 x 1.82 x 1.5 x 1.41 x
EV / EBITDA 20.3 x 34 x 45.6 x 39.1 x 18.4 x 15 x 12.2 x 10.6 x
EV / FCF - - -179 x -158 x -63.2 x 35.2 x 36.6 x 27.8 x
FCF Yield - - -0.56% -0.63% -1.58% 2.84% 2.73% 3.6%
Price to Book 3.89 x 7.57 x 10.2 x 6.57 x 3 x 2.86 x 2.49 x 2.2 x
Nbr of stocks (in thousands) 17,20,817 18,09,987 18,64,163 18,64,163 18,62,055 18,61,663 - -
Reference price 2 14.76 36.31 66.61 47.46 24.27 27.22 27.22 27.22
Announcement Date 20/03/20 25/03/21 17/03/22 20/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,378 8,393 12,858 18,877 22,589 26,099 31,206 34,569
EBITDA 1 1,206 1,921 2,665 2,199 2,368 3,158 3,843 4,610
EBIT 1 1,094 1,790 2,471 1,699 2,046 2,748 3,318 3,989
Operating Margin 17.16% 21.32% 19.22% 9% 9.06% 10.53% 10.63% 11.54%
Earnings before Tax (EBT) 1 1,092 1,782 2,469 1,702 2,049 2,752 3,410 3,969
Net income 1 957.1 1,565 2,197 1,579 1,850 2,500 3,074 3,562
Net margin 15.01% 18.65% 17.08% 8.36% 8.19% 9.58% 9.85% 10.3%
EPS 2 0.5558 0.8886 1.199 0.8429 1.000 1.336 1.660 1.911
Free Cash Flow 1 - - -678.3 -545.6 -688.5 1,352 1,277 1,755
FCF margin - - -5.28% -2.89% -3.05% 5.18% 4.09% 5.08%
FCF Conversion (EBITDA) - - - - - 42.79% 33.24% 38.07%
FCF Conversion (Net income) - - - - - 54.07% 41.56% 49.27%
Dividend per Share 2 0.1670 0.1913 0.1786 0.1071 0.2600 0.2752 0.2908 0.4036
Announcement Date 20/03/20 25/03/21 17/03/22 20/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales - 3,884 5,131 4,531 5,331 4,913 5,703 - - - - - -
EBITDA - - - - - - - - - - - - -
EBIT - 386.4 836.9 468.8 6.848 398.1 - - - - - - -
Operating Margin - 9.95% 16.31% 10.35% 0.13% 8.1% - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 860.3 - - 476.4 - 364.3 - 546.3 - - - - -
Net margin - - - 10.51% - 7.42% - - - - - - -
EPS 1 - 0.1837 0.3071 0.2571 0.0214 0.2000 0.2700 0.2800 0.2500 0.2800 0.3900 0.4100 0.3200
Dividend per Share - - - - - - - - - - - - -
Announcement Date 17/03/22 29/04/22 29/08/22 28/10/22 20/04/23 21/04/23 24/08/23 27/10/23 11/04/24 30/04/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 972 322 2,663 2,452 1,700 3,160 3,887 1,950
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -678 -546 -689 1,352 1,277 1,755
ROE (net income / shareholders' equity) 16.2% 20.9% 20.7% 12.3% 12.5% 14.4% 14.8% 15.9%
ROA (Net income/ Total Assets) 13% 15.8% 17.4% 9.32% - 10.8% 11.2% 12.4%
Assets 1 7,381 9,925 12,616 16,941 - 23,232 27,342 28,803
Book Value Per Share 2 3.790 4.790 6.530 7.220 8.080 9.530 10.90 12.40
Cash Flow per Share 2 0.2500 0.1500 -0.0800 0.0100 -0.0100 0.8200 1.350 1.050
Capex 1 47 355 531 572 662 899 770 948
Capex / Sales 0.74% 4.23% 4.13% 3.03% 2.93% 3.44% 2.47% 2.74%
Announcement Date 20/03/20 25/03/21 17/03/22 20/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Hangzhou First Applied Material Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
27.22 CNY
Average target price
29.75 CNY
Spread / Average Target
+9.31%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Plastics

1st Jan change Capi.
HANGZHOU FIRST APPLIED MATERIAL CO., LTD. Stock Hangzhou First Applied Material Co., Ltd.
+12.15% 7B
DOW INC. Stock Dow Inc.
+4.36% 40.01B
LG CHEM, LTD. Stock LG Chem, Ltd.
-19.34% 22.02B
FORMOSA PLASTICS CORPORATION Stock Formosa Plastics Corporation
-13.51% 13.37B
FORMOSA CHEMICALS & FIBRE CORPORATION Stock Formosa Chemicals & Fibre Corporation
-10.91% 9.95B
COVESTRO AG Stock Covestro AG
-10.82% 9.48B
THE SUPREME INDUSTRIES LIMITED Stock The Supreme Industries Limited
+11.43% 7.7B
YUNNAN ENERGY NEW MATERIAL CO., LTD. Stock Yunnan Energy New Material Co., Ltd.
-26.77% 5.56B
LOTTE CHEMICAL CORPORATION Stock Lotte Chemical Corporation
-29.83% 3.28B
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. Stock Orbia Advance Corporation, S.A.B. de C.V.
-23.47% 3.15B
Plastics
  1. Stock Market
  2. Equities
  3. 603806 Stock
  4. Financials Hangzhou First Applied Material Co., Ltd.