KANGXIN NEW MATERIALS CO., LTD Financials Kangxin New Materials Co., Ltd
Equities
600076
CNE000000QB0
Non-Paper Containers & Packaging
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.91 CNY | +2.69% |
|
-0.52% | -27.92% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,240 | 4,540 | 3,754 | 5,096 | 3,926 | 3,563 |
| Enterprise Value (EV) 1 | 5,512 | 5,222 | 5,643 | 7,067 | 6,025 | 4,625 |
| P/E ratio | 9.07 x | 11.6 x | -23.3 x | 165 x | -20.3 x | -12 x |
| Yield | 0.49% | - | - | - | - | - |
| Capitalization / Revenue | 1.85 x | 2.26 x | 3.67 x | 3.96 x | 8.79 x | 14.5 x |
| EV / Revenue | 2.41 x | 2.59 x | 5.52 x | 5.49 x | 13.5 x | 18.8 x |
| EV / EBITDA | 8.3 x | 8.32 x | 261 x | 32.3 x | -4,606 x | 1,150 x |
| EV / FCF | -8.89 x | -115 x | -6.12 x | -11.8 x | -132 x | 4.47 x |
| FCF Yield | -11.2% | -0.87% | -16.3% | -8.48% | -0.76% | 22.4% |
| Price to Book | 1.13 x | 1.1 x | 0.95 x | 1.05 x | 0.85 x | 0.87 x |
| Nbr of stocks (in thousands) | 10,34,264 | 10,34,264 | 10,34,264 | 13,44,543 | 13,44,543 | 13,44,543 |
| Reference price 2 | 4.100 | 4.390 | 3.630 | 3.790 | 2.920 | 2.650 |
| Announcement Date | 19/03/19 | 19/05/20 | 27/04/21 | 02/04/22 | 22/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,290 | 2,013 | 1,023 | 1,286 | 446.7 | 246.3 |
| EBITDA 1 | 663.9 | 627.6 | 21.63 | 218.5 | -1.308 | 4.02 |
| EBIT 1 | 569.7 | 515.7 | -99.72 | 93.24 | -126.9 | -127.8 |
| Operating Margin | 24.88% | 25.63% | -9.75% | 7.25% | -28.4% | -51.9% |
| Earnings before Tax (EBT) 1 | 512.3 | 417.8 | -202.3 | 28.64 | -194.5 | -284.8 |
| Net income 1 | 467.6 | 390 | -161.4 | 30.45 | -193.5 | -297.1 |
| Net margin | 20.42% | 19.38% | -15.78% | 2.37% | -43.33% | -120.6% |
| EPS 2 | 0.4520 | 0.3771 | -0.1560 | 0.0230 | -0.1440 | -0.2200 |
| Free Cash Flow 1 | -619.9 | -45.39 | -922.4 | -599.1 | -45.49 | 1,035 |
| FCF margin | -27.08% | -2.26% | -90.16% | -46.58% | -10.18% | 420.15% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 25,743.78% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0200 | - | - | - | - | - |
| Announcement Date | 19/03/19 | 19/05/20 | 27/04/21 | 02/04/22 | 22/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,271 | 681 | 1,889 | 1,971 | 2,099 | 1,062 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.915 x | 1.085 x | 87.34 x | 9.022 x | -1,604 x | 264.1 x |
| Free Cash Flow 1 | -620 | -45.4 | -922 | -599 | -45.5 | 1,035 |
| ROE (net income / shareholders' equity) | 12.9% | 9.74% | -3.99% | 0.62% | -4.1% | -6.47% |
| ROA (Net income/ Total Assets) | 6.62% | 5.18% | -0.91% | 0.77% | -1.05% | -1.13% |
| Assets 1 | 7,063 | 7,535 | 17,777 | 3,957 | 18,477 | 26,275 |
| Book Value Per Share 2 | 3.620 | 3.980 | 3.820 | 3.600 | 3.450 | 3.040 |
| Cash Flow per Share 2 | 0.2800 | 0.2600 | 0.3100 | 0.5200 | 0.1800 | 0.1200 |
| Capex 1 | 579 | 240 | 305 | 86.6 | 40.5 | 8.01 |
| Capex / Sales | 25.3% | 11.93% | 29.85% | 6.73% | 9.07% | 3.25% |
| Announcement Date | 19/03/19 | 19/05/20 | 27/04/21 | 02/04/22 | 22/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -27.92% | 346M | |
| -6.90% | 1B |
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