SHANDONG CHIWAY INDUSTRY DEVELOPMENT CO.,LTD Financials Shandong Chiway Industry Development Co.,Ltd
Equities
002374
CNE100000MH5
Non-Paper Containers & Packaging
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.6 CNY | +1.17% |
|
-1.14% | -30.48% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,667 | 2,553 | 2,546 | 11,829 | 6,370 | 4,059 |
| Enterprise Value (EV) 1 | 4,531 | 4,414 | 4,073 | 13,281 | 7,866 | 5,590 |
| P/E ratio | -3.38 x | 72.8 x | -12.3 x | -17.9 x | -9.32 x | -24.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.14 x | 2.18 x | 4.13 x | 17.3 x | 7.58 x | 5.71 x |
| EV / Revenue | 3.63 x | 3.76 x | 6.61 x | 19.5 x | 9.36 x | 7.87 x |
| EV / EBITDA | -13.6 x | 39.1 x | -38.5 x | -32 x | -16.9 x | -33 x |
| EV / FCF | -7.26 x | 1,211 x | -7.86 x | -22.3 x | -152 x | -37.8 x |
| FCF Yield | -13.8% | 0.08% | -12.7% | -4.48% | -0.66% | -2.64% |
| Price to Book | 1.11 x | 1.05 x | 0.94 x | 5.8 x | 4.71 x | 3.4 x |
| Nbr of stocks (in thousands) | 8,77,427 | 8,77,427 | 10,87,954 | 10,85,209 | 10,85,209 | 10,85,209 |
| Reference price 2 | 3.040 | 2.910 | 2.340 | 10.90 | 5.870 | 3.740 |
| Announcement Date | 26/04/19 | 14/04/20 | 27/04/21 | 28/04/22 | 28/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,248 | 1,173 | 616 | 682.6 | 840.6 | 710.7 |
| EBITDA 1 | -332.7 | 113 | -105.9 | -415.7 | -464.3 | -169.3 |
| EBIT 1 | -437.8 | 27.71 | -190.4 | -480.2 | -520.5 | -217.9 |
| Operating Margin | -35.09% | 2.36% | -30.9% | -70.34% | -61.92% | -30.66% |
| Earnings before Tax (EBT) 1 | -782.8 | 51.59 | -171.9 | -639.6 | -806.7 | -177.9 |
| Net income 1 | -789.8 | 33.81 | -179.5 | -662.4 | -687.1 | -160.7 |
| Net margin | -63.29% | 2.88% | -29.13% | -97.04% | -81.74% | -22.61% |
| EPS 2 | -0.9000 | 0.0400 | -0.1900 | -0.6100 | -0.6300 | -0.1500 |
| Free Cash Flow 1 | -624.2 | 3.643 | -518.3 | -595.6 | -51.91 | -147.8 |
| FCF margin | -50.02% | 0.31% | -84.13% | -87.26% | -6.18% | -20.79% |
| FCF Conversion (EBITDA) | - | 3.22% | - | - | - | - |
| FCF Conversion (Net income) | - | 10.78% | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 26/04/19 | 14/04/20 | 27/04/21 | 28/04/22 | 28/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,863 | 1,860 | 1,527 | 1,453 | 1,495 | 1,531 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -5.6 x | 16.46 x | -14.42 x | -3.495 x | -3.22 x | -9.045 x |
| Free Cash Flow 1 | -624 | 3.64 | -518 | -596 | -51.9 | -148 |
| ROE (net income / shareholders' equity) | -27.5% | 1.47% | -6.7% | -26.8% | -48.3% | -14.5% |
| ROA (Net income/ Total Assets) | -4.56% | 0.3% | -2.04% | -5.71% | -7.47% | -3.59% |
| Assets 1 | 17,329 | 11,360 | 8,795 | 11,606 | 9,203 | 4,478 |
| Book Value Per Share 2 | 2.730 | 2.770 | 2.490 | 1.880 | 1.250 | 1.100 |
| Cash Flow per Share 2 | 0.2000 | 0.4100 | 0.2400 | 0.2000 | 0.1300 | 0.1500 |
| Capex 1 | 380 | 23.7 | 30.2 | 119 | 29.4 | 26.9 |
| Capex / Sales | 30.48% | 2.02% | 4.91% | 17.42% | 3.49% | 3.79% |
| Announcement Date | 26/04/19 | 14/04/20 | 27/04/21 | 28/04/22 | 28/04/23 | 19/04/24 |
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. | |
|---|---|---|
| -30.48% | 386M | |
| +18.75% | 3.72B | |
| +5.21% | 2.41B | |
| +14.98% | 1.67B | |
| -15.06% | 1.48B | |
| +85.02% | 1.18B | |
| -4.90% | 943M | |
| +6.63% | 844M | |
| +14.48% | 771M | |
| -8.67% | 729M |
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