Financials Letong Chemical Co.,LTD

Equities

002319

CNE100000HY0

Specialty Chemicals

End-of-day quote Shenzhen S.E. 03:30:00 17/07/2024 am IST 5-day change 1st Jan Change
8 CNY -1.60% Intraday chart for Letong Chemical Co.,LTD +1.01% -42.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,058 1,828 1,372 2,628 2,344 2,764
Enterprise Value (EV) 1 3,284 2,053 1,554 2,816 2,533 2,945
P/E ratio -89.9 x -6.26 x 172 x -69.2 x -73.3 x 691 x
Yield - - - - - -
Capitalization / Revenue 6.27 x 4.77 x 4.36 x 6.78 x 5.81 x 7.15 x
EV / Revenue 6.74 x 5.36 x 4.94 x 7.26 x 6.28 x 7.62 x
EV / EBITDA 83.1 x 81.6 x 57 x 415 x 226 x 71.1 x
EV / FCF 155 x 152 x 127 x 315 x 266 x 278 x
FCF Yield 0.65% 0.66% 0.79% 0.32% 0.38% 0.36%
Price to Book 7.07 x 13 x 9.66 x 24.8 x 31.8 x 34.8 x
Nbr of stocks (in thousands) 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000
Reference price 2 15.29 9.140 6.860 13.14 11.72 13.82
Announcement Date 26/04/19 24/04/20 26/02/21 30/03/22 21/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 487.4 383.1 314.6 387.7 403.5 386.6
EBITDA 1 39.54 25.15 27.27 6.788 11.22 41.39
EBIT 1 8.411 -4.377 0.8496 -16.38 -12.77 18.72
Operating Margin 1.73% -1.14% 0.27% -4.22% -3.17% 4.84%
Earnings before Tax (EBT) 1 -19.29 -279.9 12.32 -31.79 -29.45 3.68
Net income 1 -33.75 -291.5 7.31 -37.15 -31.43 3.634
Net margin -6.92% -76.1% 2.32% -9.58% -7.79% 0.94%
EPS 2 -0.1700 -1.460 0.0400 -0.1900 -0.1600 0.0200
Free Cash Flow 1 21.25 13.47 12.27 8.937 9.533 10.58
FCF margin 4.36% 3.52% 3.9% 2.3% 2.36% 2.74%
FCF Conversion (EBITDA) 53.75% 53.57% 45% 131.66% 84.99% 25.55%
FCF Conversion (Net income) - - 167.88% - - 291.05%
Dividend per Share - - - - - -
Announcement Date 26/04/19 24/04/20 26/02/21 30/03/22 21/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 226 225 182 188 189 181
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.719 x 8.927 x 6.67 x 27.71 x 16.82 x 4.362 x
Free Cash Flow 1 21.3 13.5 12.3 8.94 9.53 10.6
ROE (net income / shareholders' equity) -7.31% -102% 5.18% -29.9% -35% 4.75%
ROA (Net income/ Total Assets) 0.51% -0.34% 0.08% -1.6% -1.24% 1.89%
Assets 1 -6,582 85,910 8,828 2,327 2,540 192.8
Book Value Per Share 2 2.160 0.7000 0.7100 0.5300 0.3700 0.4000
Cash Flow per Share 2 0.0900 0.0500 0.1400 0.0600 0.0300 0.0900
Capex 1 2.7 3.76 7.41 6.35 9.44 8.3
Capex / Sales 0.55% 0.98% 2.36% 1.64% 2.34% 2.15%
Announcement Date 26/04/19 24/04/20 26/02/21 30/03/22 21/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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