Financials Shanghai Sunglow Packaging Technology Co.,Ltd

Equities

603499

CNE100002VB5

Paper Packaging

End-of-day quote Shanghai S.E. 03:30:00 26/06/2024 am IST 5-day change 1st Jan Change
14.09 CNY +2.55% Intraday chart for Shanghai Sunglow Packaging Technology Co.,Ltd -4.34% +30.95%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,022 2,255 1,631 1,851 1,519 2,164
Enterprise Value (EV) 1 1,877 2,168 1,598 2,058 1,723 2,406
P/E ratio 41.7 x 159 x 202 x -102 x 108 x 269 x
Yield 1% 0.5% - - 0.2% 0.51%
Capitalization / Revenue 5.66 x 6.94 x 3.37 x 2.86 x 2.29 x 3.12 x
EV / Revenue 5.25 x 6.67 x 3.3 x 3.18 x 2.6 x 3.47 x
EV / EBITDA 32.1 x 68.3 x 31 x 56.7 x 28.7 x 30.6 x
EV / FCF -38.2 x 42.7 x -20.3 x -26.8 x -83.1 x -43.1 x
FCF Yield -2.62% 2.34% -4.93% -3.74% -1.2% -2.32%
Price to Book 3.76 x 4.2 x 2.72 x 3.16 x 2.53 x 3.61 x
Nbr of stocks (in thousands) 1,98,588 1,98,585 2,02,150 2,01,176 2,01,153 2,01,153
Reference price 2 10.18 11.36 8.070 9.200 7.550 10.76
Announcement Date 19/03/19 29/04/20 27/04/21 27/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 357.4 325.2 483.9 647.7 663.1 694.1
EBITDA 1 58.54 31.72 51.54 36.32 59.99 78.69
EBIT 1 35.02 2.603 13.59 -10.06 13.3 26.14
Operating Margin 9.8% 0.8% 2.81% -1.55% 2.01% 3.77%
Earnings before Tax (EBT) 1 48.59 13.19 12.24 -20.44 3.632 14.9
Net income 1 48.07 14.81 7.946 -18.42 13.66 7.686
Net margin 13.45% 4.55% 1.64% -2.84% 2.06% 1.11%
EPS 2 0.2442 0.0714 0.0400 -0.0900 0.0700 0.0400
Free Cash Flow 1 -49.13 50.77 -78.71 -76.9 -20.73 -55.88
FCF margin -13.74% 15.61% -16.26% -11.87% -3.13% -8.05%
FCF Conversion (EBITDA) - 160.06% - - - -
FCF Conversion (Net income) - 342.88% - - - -
Dividend per Share 2 0.1020 0.0571 - - 0.0150 0.0550
Announcement Date 19/03/19 29/04/20 27/04/21 27/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 207 204 242
Net Cash position 1 146 87.8 33.7 - - -
Leverage (Debt/EBITDA) - - - 5.713 x 3.401 x 3.073 x
Free Cash Flow 1 -49.1 50.8 -78.7 -76.9 -20.7 -55.9
ROE (net income / shareholders' equity) 9.21% 2.7% 2.17% -2.41% 2.92% 3.1%
ROA (Net income/ Total Assets) 3.2% 0.24% 1.05% -0.61% 0.71% 1.38%
Assets 1 1,501 6,282 757 3,033 1,915 556.7
Book Value Per Share 2 2.710 2.710 2.970 2.920 2.990 2.980
Cash Flow per Share 2 0.2000 0.3900 0.8000 0.4700 0.5600 0.3500
Capex 1 93 84 55.5 90.4 108 83.1
Capex / Sales 26.01% 25.83% 11.47% 13.95% 16.28% 11.97%
Announcement Date 19/03/19 29/04/20 27/04/21 27/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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