Financials Norinco International Cooperation Ltd.

Equities

000065

CNE000000VZ9

Construction & Engineering

End-of-day quote Shenzhen S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
12.1 CNY -3.35% Intraday chart for Norinco International Cooperation Ltd. -2.42% +7.84%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 6,645 8,264 11,240 12,124 - -
Enterprise Value (EV) 1 6,645 8,264 11,240 12,124 12,124 12,124
P/E ratio 11 x 12.7 x 12.8 x 11.5 x 9.81 x 8.37 x
Yield - - 0.82% 1.16% 1.57% -
Capitalization / Revenue - 0.62 x 0.52 x 0.49 x 0.44 x 0.38 x
EV / Revenue - 0.62 x 0.52 x 0.49 x 0.44 x 0.38 x
EV / EBITDA - 6.91 x 8.2 x 7.02 x 6.19 x 5.59 x
EV / FCF - - - 10.1 x 8.78 x 6.98 x
FCF Yield - - - 9.93% 11.4% 14.3%
Price to Book - 1.08 x 1.33 x 1.24 x 1.13 x 0.99 x
Nbr of stocks (in thousands) 7,74,482 10,01,708 10,01,780 10,02,018 - -
Reference price 2 8.580 8.250 11.22 12.10 12.10 12.10
Announcement Date 29/04/22 24/04/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 13,433 21,488 24,955 27,554 31,855
EBITDA 1 - 1,195 1,371 1,727 1,958 2,169
EBIT 1 - 954.4 1,117 1,354 1,604 1,818
Operating Margin - 7.1% 5.2% 5.43% 5.82% 5.71%
Earnings before Tax (EBT) 1 - 965.5 1,114 1,357 1,608 1,818
Net income 1 623.7 636 918.1 1,063 1,244 1,434
Net margin - 4.73% 4.27% 4.26% 4.52% 4.5%
EPS 2 0.7800 0.6500 0.8800 1.053 1.233 1.445
Free Cash Flow 1 - - - 1,203 1,381 1,738
FCF margin - - - 4.82% 5.01% 5.46%
FCF Conversion (EBITDA) - - - 69.66% 70.53% 80.11%
FCF Conversion (Net income) - - - 113.24% 110.99% 121.19%
Dividend per Share 2 - - 0.0920 0.1400 0.1900 -
Announcement Date 29/04/22 24/04/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - - 1,203 1,381 1,738
ROE (net income / shareholders' equity) - 8.98% 11.3% 11% 11.4% 11.7%
ROA (Net income/ Total Assets) - - - 4.3% 4.64% 4.8%
Assets 1 - - - 24,715 26,814 29,877
Book Value Per Share 2 - 7.600 8.450 9.760 10.80 12.30
Cash Flow per Share 2 - 0.7400 0.7000 1.310 1.770 1.730
Capex 1 - - 186 349 323 326
Capex / Sales - - 0.86% 1.4% 1.17% 1.02%
Announcement Date 29/04/22 24/04/23 29/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
12.1 CNY
Average target price
15.2 CNY
Spread / Average Target
+25.66%
Consensus

Annual profits - Rate of surprise

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