Financials Mudanjiang Hengfeng Paper Co.,Ltd

Equities

600356

CNE0000016M3

Paper Products

End-of-day quote Shanghai S.E. 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
6.93 CNY +1.61% Intraday chart for Mudanjiang Hengfeng Paper Co.,Ltd -1.84% -13.16%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,640 2,315 2,497 2,330 2,187 2,384
Enterprise Value (EV) 1 1,804 2,515 2,654 2,511 2,187 2,382
P/E ratio 25 x 25.8 x 19 x 22.9 x 8.96 x 17.3 x
Yield 1.24% 1.16% 1.59% 1.31% 1.77% 1.71%
Capitalization / Revenue 1.02 x 1.32 x 1.37 x 1.15 x 1.96 x 0.9 x
EV / Revenue 1.12 x 1.43 x 1.45 x 1.24 x 1.96 x 0.9 x
EV / EBITDA 8.07 x 9.19 x 6.8 x 7.95 x 4.81 x 8.2 x
EV / FCF -5.74 x -91.6 x 21.3 x -104 x - 127 x
FCF Yield -17.4% -1.09% 4.7% -0.96% - 0.79%
Price to Book 0.78 x 1.06 x 1.11 x 1.01 x - 0.95 x
Nbr of stocks (in thousands) 2,98,731 2,98,731 2,98,731 2,98,731 2,98,731 2,98,731
Reference price 2 5.490 7.750 8.360 7.800 7.320 7.980
Announcement Date 26/04/19 31/03/20 16/04/21 21/04/22 14/03/23 14/03/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,611 1,756 1,829 2,022 1,115 2,648
EBITDA 1 223.6 273.7 390.3 315.7 454.8 290.3
EBIT 1 87.07 125.1 204.9 128.6 267.8 160.9
Operating Margin 5.4% 7.12% 11.2% 6.36% 24.02% 6.08%
Earnings before Tax (EBT) 1 89.71 116.7 179 120.9 270.1 171
Net income 1 66.79 89.42 131.7 101.4 244 136.2
Net margin 4.15% 5.09% 7.2% 5.01% 21.88% 5.14%
EPS 2 0.2200 0.3000 0.4400 0.3400 0.8168 0.4600
Free Cash Flow 1 -314 -27.45 124.7 -24.21 - 18.74
FCF margin -19.49% -1.56% 6.82% -1.2% - 0.71%
FCF Conversion (EBITDA) - - 31.94% - - 6.46%
FCF Conversion (Net income) - - 94.64% - - 13.77%
Dividend per Share 2 0.0680 0.0900 0.1330 0.1020 0.1298 0.1368
Announcement Date 26/04/19 31/03/20 16/04/21 21/04/22 14/03/23 14/03/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 164 200 156 181 - -
Net Cash position 1 - - - - - 2.37
Leverage (Debt/EBITDA) 0.7327 x 0.73 x 0.4007 x 0.5727 x - -
Free Cash Flow 1 -314 -27.4 125 -24.2 - 18.7
ROE (net income / shareholders' equity) 3.05% 4.08% 6.01% 4.59% 10.2% 5.92%
ROA (Net income/ Total Assets) 2% 2.76% 4.18% 2.69% - 3.23%
Assets 1 3,344 3,241 3,152 3,769 - 4,215
Book Value Per Share 2 7.060 7.300 7.500 7.710 - 8.360
Cash Flow per Share 2 0.9900 0.8600 0.7900 0.6200 - 1.210
Capex 1 179 317 219 105 - 103
Capex / Sales 11.12% 18.07% 11.96% 5.18% - 3.89%
Announcement Date 26/04/19 31/03/20 16/04/21 21/04/22 14/03/23 14/03/24
1CNY in Million2CNY
Estimates
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