Financials Shandong Intco Recycling Resources Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 15/05/2024 am IST			5-day change	1st Jan Change
29.51 ^CNY	-3.21%		-2.90%	+22.55%

25/04	Shandong Intco Recycling Resources Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
25/03	Intco Recycling Resources to Expand Vietnamese Plant for $60 Million	MT

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	12,566	4,623	4,468	5,475	-	-
Enterprise Value (EV) ¹	12,566	4,623	4,468	5,475	5,475	5,475
P/E ratio	44.8 x	20.1 x	24.1 x	24.6 x	16.2 x	19.5 x
Yield	-	0.58%	0.62%	-	-	-
Capitalization / Revenue	6.31 x	2.25 x	1.81 x	2.12 x	1.73 x	1.87 x
EV / Revenue	6.31 x	2.25 x	1.81 x	2.12 x	1.73 x	1.87 x
EV / EBITDA	38.8 x	16.6 x	13.9 x	13.8 x	9.97 x	11.7 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	6.79 x	2.25 x	2.01 x	2.28 x	1.94 x	1.9 x
Nbr of stocks (in thousands)	1,86,245	1,86,245	1,85,536	1,85,536	-	-
Reference price ²	67.47	24.82	24.08	29.51	29.51	29.51
Announcement Date	24/02/22	27/02/23	25/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,990	2,056	2,466	2,580	3,158	2,926
EBITDA ¹	-	324	277.9	321.4	396.8	549.3	468.9
EBIT ¹	-	258.8	248	212.1	251.7	382.8	317
Operating Margin	-	13%	12.06%	8.6%	9.76%	12.12%	10.83%
Earnings before Tax (EBT) ¹	-	266.4	255.6	209.4	248.4	381.1	313.6
Net income ¹	217.3	239.8	230.8	187.2	225.1	344.2	284.2
Net margin	-	12.05%	11.22%	7.59%	8.72%	10.9%	9.71%
EPS ²	1.564	1.507	1.236	1.000	1.200	1.825	1.510
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1429	0.1500	-	-	-
Announcement Date	17/06/21	24/02/22	27/02/23	25/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	17.7%	11.8%	8.71%	9.63%	12%	10.2%
ROA (Net income/ Total Assets)	-	-	7.9%	-	10.2%	10.8%	-
Assets ¹	-	-	2,921	-	2,207	3,187	-
Book Value Per Share ²	-	9.940	11.00	12.00	13.00	15.20	15.50
Cash Flow per Share ²	-	1.510	0.8100	1.550	2.040	2.340	2.290
Capex ¹	-	270	513	252	357	398	-
Capex / Sales	-	13.55%	24.94%	10.21%	13.84%	12.6%	-
Announcement Date	17/06/21	24/02/22	27/02/23	25/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

29.51 CNY

Average target price

26.38 CNY

Spread / Average Target

-10.61%

	1st Jan change	Capi.
SHANDONG INTCO RECYCLING RESOURCES CO., LTD.	+22.55%	758M
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THE SUPREME INDUSTRIES LIMITED	+19.52%	8.21B
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.	+8.74%	6.8B
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ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.	-21.48%	3.38B