Financials Ningbo Shanshan Co.,Ltd.

Equities

600884

CNE000000JJ8

Commodity Chemicals

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
11.85 CNY -.--% Intraday chart for Ningbo Shanshan Co.,Ltd. +2.86% -13.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,169 29,353 53,350 41,204 30,154 25,986 - -
Enterprise Value (EV) 1 19,225 31,862 55,387 46,471 43,132 32,549 32,940 29,590
P/E ratio 56.3 x 186 x 16.1 x 14.8 x 38.9 x 24.9 x 11.2 x 13.3 x
Yield 0.89% 0.5% 1.01% 1.65% 1.47% 0.72% 1.98% 1.7%
Capitalization / Revenue 1.75 x 3.57 x 2.58 x 1.9 x 1.58 x 1.18 x 0.9 x 0.95 x
EV / Revenue 2.21 x 3.88 x 2.68 x 2.14 x 2.26 x 1.48 x 1.14 x 1.08 x
EV / EBITDA 22.9 x 36.1 x 9.7 x 10.3 x 20.3 x 7.52 x 6.42 x 6.68 x
EV / FCF -19.1 x -114 x -32.4 x -12.4 x -7.05 x 45 x 55.5 x 21.6 x
FCF Yield -5.23% -0.88% -3.08% -8.05% -14.2% 2.22% 1.8% 4.63%
Price to Book 1.28 x 2.37 x 3.71 x 1.79 x 1.36 x 1.14 x 0.95 x 0.97 x
Nbr of stocks (in thousands) 16,28,009 16,28,009 16,28,009 22,63,973 22,13,952 21,92,927 - -
Reference price 2 9.317 18.03 32.77 18.20 13.62 11.85 11.85 11.85
Announcement Date 26/04/20 02/04/21 19/04/22 19/04/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,680 8,216 20,699 21,702 19,070 22,034 28,870 27,322
EBITDA 1 839.9 883.4 5,712 4,523 2,125 4,326 5,130 4,432
EBIT 372.6 308.8 4,699 3,397 1,041 - 3,475 2,678
Operating Margin 4.29% 3.76% 22.7% 15.65% 5.46% - 12.04% 9.8%
Earnings before Tax (EBT) 1 353.2 262.9 4,674 3,395 988.5 1,065 2,959 2,310
Net income 1 269.8 138 3,340 2,691 765.3 905.8 2,392 2,010
Net margin 3.11% 1.68% 16.13% 12.4% 4.01% 4.11% 8.28% 7.36%
EPS 2 0.1655 0.0970 2.040 1.230 0.3500 0.4756 1.059 0.8892
Free Cash Flow 1 -1,005 -280.5 -1,708 -3,739 -6,118 724 593 1,369
FCF margin -11.58% -3.41% -8.25% -17.23% -32.08% 3.29% 2.05% 5.01%
FCF Conversion (EBITDA) - - - - - 16.73% 11.56% 30.88%
FCF Conversion (Net income) - - - - - 79.93% 24.79% 68.1%
Dividend per Share 2 0.0828 0.0900 0.3300 0.3000 0.2000 0.0851 0.2345 0.2012
Announcement Date 26/04/20 02/04/21 19/04/22 19/04/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,056 2,509 2,038 5,266 12,978 6,563 6,954 3,604
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.829 x 2.84 x 0.3568 x 1.164 x 6.108 x 1.517 x 1.355 x 0.8132 x
Free Cash Flow 1 -1,005 -281 -1,708 -3,739 -6,118 724 593 1,369
ROE (net income / shareholders' equity) 2.4% 1.21% 23.8% 12.9% 3.35% 4.59% 9.16% 7.56%
ROA (Net income/ Total Assets) 1.11% 0.56% 10.3% 6.32% - 2.23% 5.21% 4.18%
Assets 1 24,242 24,776 32,415 42,607 - 40,620 45,927 48,044
Book Value Per Share 2 7.260 7.620 8.830 10.20 10.00 10.40 12.50 12.20
Cash Flow per Share 2 0.5400 0.2000 -0.1700 0.2200 -0.0900 1.500 2.370 1.890
Capex 1 1,891 610 1,343 4,245 5,920 3,032 2,743 2,583
Capex / Sales 21.79% 7.42% 6.49% 19.56% 31.04% 13.76% 9.5% 9.45%
Announcement Date 26/04/20 02/04/21 19/04/22 19/04/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
11.85 CNY
Average target price
13.83 CNY
Spread / Average Target
+16.68%
Consensus

Annual profits - Rate of surprise

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