HUARONG CHEMICAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.08 CNY | -3.15% |
|
-5.73% | -13.97% |
| 18/04 | Huarong Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 29/03 | Huarong Chemical Co., Ltd. Approves Cash Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2022 | 2023 |
|---|---|---|
| Capitalization 1 | 4,282 | 3,950 |
| Enterprise Value (EV) 1 | 3,008 | 2,670 |
| P/E ratio | 33 x | 28.4 x |
| Yield | 0.9% | 2.43% |
| Capitalization / Revenue | 3.77 x | 3.73 x |
| EV / Revenue | 2.65 x | 2.52 x |
| EV / EBITDA | 23.7 x | 34.7 x |
| EV / FCF | 43.7 x | -91.4 x |
| FCF Yield | 2.29% | -1.09% |
| Price to Book | 2.59 x | 2.26 x |
| Nbr of stocks (in thousands) | 4,80,000 | 4,80,000 |
| Reference price 2 | 8.920 | 8.230 |
| Announcement Date | 27/02/23 | 07/03/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 966.3 | 1,034 | 946 | 644.4 | 1,135 | 1,059 |
| EBITDA 1 | 82.34 | 123.1 | 142.5 | 113 | 127 | 76.85 |
| EBIT 1 | 64.99 | 105.1 | 128.4 | 100.9 | 109.1 | 53.49 |
| Operating Margin | 6.73% | 10.17% | 13.57% | 15.65% | 9.61% | 5.05% |
| Earnings before Tax (EBT) 1 | 89.08 | 118.1 | 122.6 | 118.6 | 142.3 | 159.8 |
| Net income 1 | 74.47 | 99.32 | 103.3 | 101.9 | 122.1 | 138.7 |
| Net margin | 7.71% | 9.61% | 10.92% | 15.81% | 10.76% | 13.09% |
| EPS 2 | 0.2200 | 0.2900 | 0.2900 | 0.2800 | 0.2700 | 0.2900 |
| Free Cash Flow 1 | 326 | 382.2 | -13.45 | -22.39 | 68.91 | -29.22 |
| FCF margin | 33.73% | 36.97% | -1.42% | -3.47% | 6.07% | -2.76% |
| FCF Conversion (EBITDA) | 395.87% | 310.39% | - | - | 54.27% | - |
| FCF Conversion (Net income) | 437.69% | 384.82% | - | - | 56.42% | - |
| Dividend per Share | - | - | - | 0.0500 | 0.0800 | 0.2000 |
| Announcement Date | 24/12/20 | 24/12/20 | 30/06/21 | 26/04/22 | 27/02/23 | 07/03/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 65 | - | - | - | - | - |
| Net Cash position 1 | - | 244 | 296 | 275 | 1,273 | 1,280 |
| Leverage (Debt/EBITDA) | 0.7897 x | - | - | - | - | - |
| Free Cash Flow 1 | 326 | 382 | -13.4 | -22.4 | 68.9 | -29.2 |
| ROE (net income / shareholders' equity) | 13.1% | 23.7% | 21.2% | 16.9% | 10.6% | 8.15% |
| ROA (Net income/ Total Assets) | 4.71% | 9.27% | 11.5% | 8.45% | 4.54% | 1.42% |
| Assets 1 | 1,580 | 1,071 | 895.4 | 1,205 | 2,688 | 9,777 |
| Book Value Per Share 2 | 1.230 | 1.250 | 1.530 | 1.820 | 3.440 | 3.650 |
| Cash Flow per Share 2 | 0.0400 | 0.7200 | 0.2900 | 0.7800 | 1.180 | 0.9000 |
| Capex 1 | 3.65 | 8.28 | 43.4 | 74.3 | 48.6 | 49.7 |
| Capex / Sales | 0.38% | 0.8% | 4.59% | 11.53% | 4.28% | 4.7% |
| Announcement Date | 24/12/20 | 24/12/20 | 30/06/21 | 26/04/22 | 27/02/23 | 07/03/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -13.97% | 49Cr | |
| +5.62% | 11TCr | |
| -3.23% | 6.4TCr | |
| +53.33% | 4.29TCr | |
| +17.94% | 3.92TCr | |
| +6.56% | 3.3TCr | |
| +11.65% | 2.03TCr | |
| +14.15% | 1.73TCr | |
| +24.53% | 1.57TCr | |
| +7.25% | 1.47TCr |
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