NINGBO CHANGHONG POLYMER SCIENTIFIC AND TECHNICAL INC. Financials Ningbo Changhong Polymer Scientific and Technical Inc.
Equities
605008
CNE1000043N3
Tires & Rubber Products
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.96 CNY | +1.01% |
|
+3.64% | +0.57% |
| 02/05 | Changhong Polymer Scientific and Technical to Build Acrylic Acid Plant for 11.5 Billion Yuan | MT |
| 01/05 | Ningbo Changhong Polymer Scraps Natural Gas Plant Construction | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 11,370 | 9,488 | 10,477 | 10,184 |
| Enterprise Value (EV) 1 | 11,081 | 10,074 | 11,534 | 11,798 |
| P/E ratio | 35.4 x | 50.9 x | 58.3 x | 106 x |
| Yield | 1.01% | - | - | - |
| Capitalization / Revenue | 8.76 x | 5.47 x | 4.42 x | 7.19 x |
| EV / Revenue | 8.54 x | 5.81 x | 4.86 x | 8.33 x |
| EV / EBITDA | 28.4 x | 32.1 x | 33.1 x | 39 x |
| EV / FCF | -43.3 x | -20.6 x | -20.9 x | -41.6 x |
| FCF Yield | -2.31% | -4.86% | -4.79% | -2.41% |
| Price to Book | 6.49 x | 5.2 x | 5.23 x | 4.76 x |
| Nbr of stocks (in thousands) | 6,42,380 | 6,42,380 | 6,42,380 | 6,41,688 |
| Reference price 2 | 17.70 | 14.77 | 16.31 | 15.87 |
| Announcement Date | 09/04/21 | 27/04/22 | 26/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,021 | 1,157 | 1,297 | 1,733 | 2,372 | 1,416 |
| EBITDA 1 | 248.1 | 291 | 389.7 | 314.3 | 348 | 302.8 |
| EBIT 1 | 207.3 | 243.9 | 320.9 | 240.3 | 218.5 | 167.1 |
| Operating Margin | 20.31% | 21.08% | 24.73% | 13.87% | 9.21% | 11.8% |
| Earnings before Tax (EBT) 1 | 208.9 | 247.9 | 355.5 | 208.7 | 189.4 | 104 |
| Net income 1 | 181.2 | 215.2 | 301.6 | 185 | 180.5 | 95.01 |
| Net margin | 17.75% | 18.59% | 23.25% | 10.67% | 7.61% | 6.71% |
| EPS 2 | 0.3143 | 0.3714 | 0.5000 | 0.2900 | 0.2800 | 0.1500 |
| Free Cash Flow 1 | -33.03 | -116.6 | -255.8 | -489.2 | -552.2 | -283.8 |
| FCF margin | -3.24% | -10.07% | -19.72% | -28.22% | -23.28% | -20.04% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | 0.1786 | - | - | - |
| Announcement Date | 03/08/20 | 03/08/20 | 09/04/21 | 27/04/22 | 26/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 586 | 1,056 | 1,614 |
| Net Cash position 1 | 106 | 18.9 | 289 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 1.864 x | 3.035 x | 5.331 x |
| Free Cash Flow 1 | -33 | -117 | -256 | -489 | -552 | -284 |
| ROE (net income / shareholders' equity) | 25.9% | 24% | 21.9% | 10.3% | 9.42% | 4.67% |
| ROA (Net income/ Total Assets) | 15.4% | 13.1% | 11.1% | 5.27% | 3.78% | 2.45% |
| Assets 1 | 1,177 | 1,648 | 2,713 | 3,511 | 4,778 | 3,871 |
| Book Value Per Share 2 | 1.370 | 1.740 | 2.730 | 2.840 | 3.120 | 3.330 |
| Cash Flow per Share 2 | 0.3600 | 0.2900 | 0.6600 | 0.7700 | 0.5600 | 0.7100 |
| Capex 1 | 97.7 | 314 | 205 | 674 | 502 | 687 |
| Capex / Sales | 9.57% | 27.14% | 15.79% | 38.86% | 21.16% | 48.53% |
| Announcement Date | 03/08/20 | 03/08/20 | 09/04/21 | 27/04/22 | 26/04/23 | 29/04/24 |
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. | |
|---|---|---|
| +0.57% | 1.43B | |
| -6.51% | 2.11B | |
| -.--% | 1.56B | |
| -15.75% | 744M | |
| +1.87% | 626M | |
| -4.13% | 598M | |
| -9.97% | 515M | |
| -10.51% | 461M | |
| +6.20% | 459M | |
| -2.97% | 335M |
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