Financials Huaibei Mining Holdings Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 16/07/2024 am IST			5-day change	1st Jan Change
15.13 ^CNY	-0.13%		-2.89%	-9.02%

26/04	Huaibei Mining Holdings Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
29/03	Huaibei Mining's Profit Slips, Operating Income Climbs in 2023	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	21,702	24,310	27,738	31,757	41,260	40,749	-	-
Enterprise Value (EV) ¹	21,702	24,310	27,738	31,757	41,260	40,749	40,749	40,749
P/E ratio	5.95 x	7.77 x	5.48 x	4.79 x	7.08 x	6.64 x	6.13 x	5.68 x
Yield	-	5.81%	6.26%	8.2%	6.01%	6.79%	7.39%	8.29%
Capitalization / Revenue	0.36 x	0.47 x	0.43 x	0.46 x	0.56 x	0.55 x	0.53 x	0.52 x
EV / Revenue	0.36 x	0.47 x	0.43 x	0.46 x	0.56 x	0.55 x	0.53 x	0.52 x
EV / EBITDA	-	-	-	2.45 x	3.59 x	3.65 x	3.34 x	3.18 x
EV / FCF	-	-	-	-	8.21 x	6.86 x	8.71 x	9.41 x
FCF Yield	-	-	-	-	12.2%	14.6%	11.5%	10.6%
Price to Book	-	1.14 x	1.02 x	0.95 x	1.11 x	0.98 x	0.89 x	0.81 x
Nbr of stocks (in thousands)	21,72,412	21,72,457	24,81,036	24,81,036	24,81,038	26,93,259	-	-
Reference price ²	9.990	11.19	11.18	12.80	16.63	15.13	15.13	15.13
Announcement Date	27/03/20	26/03/21	22/03/22	28/03/23	28/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	60,086	52,276	64,961	69,225	73,592	74,154	77,227	78,963
EBITDA ¹	-	-	-	12,954	11,493	11,178	12,192	12,815
EBIT ¹	-	4,331	6,214	8,633	7,072	7,092	7,678	8,334
Operating Margin	-	8.28%	9.57%	12.47%	9.61%	9.56%	9.94%	10.55%
Earnings before Tax (EBT) ¹	-	4,290	6,043	8,257	7,056	7,038	7,634	8,287
Net income ¹	-	3,468	4,780	7,010	6,225	6,105	6,609	7,132
Net margin	-	6.63%	7.36%	10.13%	8.46%	8.23%	8.56%	9.03%
EPS ²	1.680	1.440	2.040	2.670	2.350	2.280	2.466	2.664
Free Cash Flow ¹	-	-	-	-	5,027	5,944	4,676	4,330
FCF margin	-	-	-	-	6.83%	8.02%	6.05%	5.48%
FCF Conversion (EBITDA)	-	-	-	-	43.74%	53.18%	38.35%	33.79%
FCF Conversion (Net income)	-	-	-	-	80.76%	97.36%	70.75%	60.71%
Dividend per Share ²	-	0.6500	0.7000	1.050	1.000	1.028	1.118	1.255
Announcement Date	27/03/20	26/03/21	22/03/22	28/03/23	28/03/24	-	-	-

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 ¹	-	-	-	-	5,027	5,944	4,676	4,330
ROE (net income / shareholders' equity)	-	17%	19.7%	23.1%	17.6%	14.7%	14.6%	14.3%
ROA (Net income/ Total Assets)	-	5.3%	6.81%	8.9%	7.28%	6.76%	7.04%	7.25%
Assets ¹	-	65,481	70,238	78,749	85,513	90,309	93,880	98,404
Book Value Per Share ²	-	9.800	11.00	13.50	15.00	15.40	17.00	18.60
Cash Flow per Share ²	-	2.290	4.460	6.720	4.920	3.640	4.400	4.280
Capex ¹	-	5,536	5,472	7,160	8,004	5,266	5,018	4,970
Capex / Sales	-	10.59%	8.42%	10.34%	10.88%	7.1%	6.5%	6.29%
Announcement Date	27/03/20	26/03/21	22/03/22	28/03/23	28/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.13 CNY

Average target price

22.15 CNY

Spread / Average Target

+46.40%

	1st Jan change	Capi.
HUAIBEI MINING HOLDINGS CO.,LTD.	-9.02%	562.44Cr
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YANKUANG ENERGY GROUP COMPANY LIMITED	-8.37%	1.8TCr
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