Financials Sailun Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 07/05/2024 am IST			5-day change	1st Jan Change
16.09 ^CNY	+1.39%		-3.07%	+36.94%

29/04	Sailun Jinyu Group's Q1 Profit Surges 191%	MT
29/04	Sailun Jinyu Group's 2023 Profit Surges 132%; Shares Fall 4%	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,668	15,491	43,316	29,346	35,078	50,738	-	-
Enterprise Value (EV) ¹	11,668	15,491	43,316	29,346	35,078	50,738	50,738	50,738
P/E ratio	9.72 x	10.1 x	32.9 x	23.3 x	12 x	12.4 x	11 x	9.41 x
Yield	2.24%	2.48%	1.01%	1.5%	1.45%	1.64%	1.55%	1.52%
Capitalization / Revenue	0.77 x	1.01 x	2.41 x	1.34 x	1.35 x	1.6 x	1.39 x	1.22 x
EV / Revenue	0.77 x	1.01 x	2.41 x	1.34 x	1.35 x	1.6 x	1.39 x	1.22 x
EV / EBITDA	5.52 x	6.14 x	18.8 x	10.7 x	7.1 x	7.63 x	6.75 x	6.02 x
EV / FCF	-	-	-2,48,20,789 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	1.71 x	1.93 x	4.01 x	2.54 x	2.49 x	2.79 x	2.33 x	1.93 x
Nbr of stocks (in thousands)	26,10,261	25,64,753	29,28,758	29,28,758	29,85,324	31,53,373	-	-
Reference price ²	4.470	6.040	14.79	10.02	11.75	16.09	16.09	16.09
Announcement Date	30/04/20	26/04/21	01/04/22	28/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15,128	15,405	17,998	21,902	25,978	31,672	36,494	41,734
EBITDA ¹	2,115	2,524	2,308	2,743	4,941	6,647	7,521	8,424
EBIT ¹	1,335	1,754	1,349	1,598	3,517	4,771	5,283	6,388
Operating Margin	8.83%	11.38%	7.49%	7.29%	13.54%	15.06%	14.48%	15.31%
Earnings before Tax (EBT) ¹	1,322	1,721	1,381	1,563	3,442	4,823	5,387	6,395
Net income ¹	1,195	1,491	1,313	1,332	3,091	4,261	4,761	5,627
Net margin	7.9%	9.68%	7.29%	6.08%	11.9%	13.45%	13.05%	13.48%
EPS ²	0.4600	0.6000	0.4500	0.4300	0.9800	1.293	1.460	1.710
Free Cash Flow	-	-	-1,745	-	-	-	-	-
FCF margin	-	-	-9.7%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	0.1500	0.1500	0.1500	0.1700	0.2633	0.2500	0.2450
Announcement Date	30/04/20	26/04/21	01/04/22	28/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-1,745	-	-	-	-	-
ROE (net income / shareholders' equity)	17.3%	19.4%	13.7%	11.8%	23.4%	22.4%	21%	20.6%
ROA (Net income/ Total Assets)	7.21%	7.66%	5.55%	4.77%	-	10.5%	10.6%	10.3%
Assets ¹	16,584	19,466	23,674	27,903	-	40,416	45,024	54,862
Book Value Per Share ²	2.620	3.130	3.690	3.950	4.720	5.770	6.910	8.330
Cash Flow per Share ²	0.7400	1.270	0.2900	0.7200	1.700	1.730	2.150	2.320
Capex ¹	1,206	1,535	2,582	3,594	2,011	3,197	3,456	3,072
Capex / Sales	7.97%	9.96%	14.34%	16.41%	7.74%	10.09%	9.47%	7.36%
Announcement Date	30/04/20	26/04/21	01/04/22	28/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16.09 CNY

Average target price

21.26 CNY

Spread / Average Target

+32.16%

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