Financials Shandong Head Group Co.,Ltd.

Equities

002810

CNE100002BP7

Specialty Chemicals

End-of-day quote Shenzhen S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
14.66 CNY -1.48% Intraday chart for Shandong Head Group Co.,Ltd. +8.92% -30.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,123 3,692 6,908 21,092 7,678 5,009 5,009 -
Enterprise Value (EV) 1 2,123 3,692 6,908 21,304 8,130 7,806 4,856 4,415
P/E ratio 28.3 x 23.4 x 25.9 x 63.5 x 21.8 x 33.1 x 13.4 x 10.6 x
Yield 1.12% 2.06% - 0.16% 1.34% 0.94% 1.02% 1.4%
Capitalization / Revenue 2.32 x 3.32 x 5.28 x 13.5 x 4.45 x 4.66 x 2.29 x 1.95 x
EV / Revenue 2.32 x 3.32 x 5.28 x 13.7 x 4.72 x 5.02 x 2.22 x 1.72 x
EV / EBITDA - - - 44.9 x 17.5 x 18.8 x 8.39 x 6.01 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.81 x 4.04 x 5.74 x 13.6 x 4.08 x 3.62 x 2.16 x 1.74 x
Nbr of stocks (in thousands) 3,23,854 3,23,505 3,41,407 3,42,576 3,42,446 3,41,704 3,41,704 -
Reference price 2 6.555 11.41 20.24 61.57 22.42 14.66 14.66 14.66
Announcement Date 27/02/19 10/04/20 16/03/21 25/04/22 07/03/23 26/04/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 913.1 1,113 1,309 1,560 1,723 1,556 2,185 2,570
EBITDA 1 - - - 474 465 415.9 579 734.4
EBIT 1 89.27 186.2 294.6 376.5 411.5 260.2 343 569
Operating Margin 9.78% 16.73% 22.51% 24.13% 23.88% 16.72% 15.7% 22.14%
Earnings before Tax (EBT) 1 88.12 181.9 293.7 376.6 409.8 259.5 343 568.3
Net income 1 73.41 157.6 252.2 329.5 353.8 220.2 375.3 471
Net margin 8.04% 14.16% 19.27% 21.12% 20.53% 14.15% 17.18% 18.33%
EPS 2 0.2316 0.4868 0.7824 0.9700 1.030 0.6400 1.096 1.379
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0735 0.2353 - 0.1000 0.3000 0.2000 0.1498 0.2050
Announcement Date 27/02/19 10/04/20 16/03/21 25/04/22 07/03/23 26/04/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 389.5 391.8 515.5 424.7 391.4 - 375.4 428.1 377.7 - - - - -
EBITDA - - - - - - - - - - - - - -
EBIT 61.08 - 149.7 93.25 57.06 - 96.94 76.62 - - - - - -
Operating Margin 15.68% - 29.04% 21.96% 14.58% - 25.83% 17.9% - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - 72.8 84.11 72.62 -9.321 - - - - -
Net margin - - - - - - 22.41% 16.96% -2.47% - - - - -
EPS 0.1525 - 0.3788 0.2300 0.1400 0.2126 0.2474 0.2100 -0.0300 - - - - -
Dividend per Share 1 0.1000 - - - 0.3000 - - - - - - 0.1096 - -
Announcement Date 25/04/22 25/04/22 25/07/22 27/10/22 07/03/23 25/04/23 29/08/23 30/10/23 26/04/24 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - 212 453 553 - -
Net Cash position 1 - - - - - - 154 594
Leverage (Debt/EBITDA) - - - 0.4473 x 0.9732 x 1.33 x - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.3% 19% 24.9% 24% 20.7% 11.2% 15.7% 16.9%
ROA (Net income/ Total Assets) - - - 12.5% 11.9% 10.6% 6.82% 9.45%
Assets 1 - - - 2,636 2,983 2,756 5,503 4,987
Book Value Per Share 2 2.330 2.830 3.520 4.520 5.500 5.860 6.780 8.420
Cash Flow per Share 2 0.3000 0.6500 1.130 1.330 0.8800 0.5300 1.890 1.850
Capex 1 145 75.5 237 699 468 101 261 213
Capex / Sales 15.88% 6.78% 18.07% 44.8% 27.13% 6.5% 11.94% 8.3%
Announcement Date 27/02/19 10/04/20 16/03/21 25/04/22 07/03/23 26/04/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
14.66 CNY
Average target price
19.5 CNY
Spread / Average Target
+33.02%
Consensus
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