Financials Sinoma International Engineering Co.,Ltd

Equities

600970

CNE000001LS3

Construction & Engineering

End-of-day quote Shanghai S.E. 03:30:00 05/07/2024 am IST 5-day change 1st Jan Change
11.73 CNY +1.56% Intraday chart for Sinoma International Engineering Co.,Ltd -2.74% +25.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,125 11,955 25,364 19,303 24,679 30,991 - -
Enterprise Value (EV) 1 9,991 7,450 20,749 17,640 21,647 25,090 20,541 15,550
P/E ratio 7.58 x 10.6 x 13.9 x 8.69 x 8.34 x 9.33 x 8.16 x 7.31 x
Yield 4.32% 3.34% 2.01% 3.52% 4.28% 4.32% 4.88% 5.34%
Capitalization / Revenue 0.5 x 0.53 x 0.7 x 0.5 x 0.54 x 0.61 x 0.55 x 0.5 x
EV / Revenue 0.41 x 0.33 x 0.57 x 0.45 x 0.47 x 0.49 x 0.37 x 0.25 x
EV / EBITDA 4.66 x 4.49 x 7.53 x 5.7 x 5.23 x 5.03 x 3.68 x 2.47 x
EV / FCF 395 x 4.89 x 10.9 x 122 x 8.26 x 8.29 x 3.35 x 2.72 x
FCF Yield 0.25% 20.4% 9.14% 0.82% 12.1% 12.1% 29.9% 36.8%
Price to Book 1.19 x 1.11 x 1.95 x 1.33 x 1.29 x 1.44 x 1.28 x 1.14 x
Nbr of stocks (in thousands) 17,39,574 17,37,647 22,19,083 22,65,632 26,42,317 26,42,022 - -
Reference price 2 6.970 6.880 11.43 8.520 9.340 11.73 11.73 11.73
Announcement Date 23/03/20 19/03/21 22/03/22 21/03/23 26/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,374 22,492 36,242 38,819 45,799 50,948 56,227 62,119
EBITDA 1 2,145 1,657 2,756 3,092 4,141 4,988 5,586 6,283
EBIT 1 1,754 1,301 2,361 2,655 3,612 4,230 4,810 5,363
Operating Margin 7.2% 5.78% 6.51% 6.84% 7.89% 8.3% 8.55% 8.63%
Earnings before Tax (EBT) 1 1,804 1,360 2,409 2,686 3,698 4,281 4,874 5,445
Net income 1 1,592 1,133 1,810 2,194 2,916 3,365 3,833 4,286
Net margin 6.53% 5.04% 4.99% 5.65% 6.37% 6.6% 6.82% 6.9%
EPS 2 0.9200 0.6500 0.8200 0.9800 1.120 1.258 1.438 1.604
Free Cash Flow 1 25.28 1,523 1,897 144.6 2,620 3,028 6,137 5,720
FCF margin 0.1% 6.77% 5.23% 0.37% 5.72% 5.94% 10.91% 9.21%
FCF Conversion (EBITDA) 1.18% 91.86% 68.83% 4.68% 63.26% 60.69% 109.87% 91.03%
FCF Conversion (Net income) 1.59% 134.34% 104.78% 6.59% 89.85% 89.98% 160.11% 133.44%
Dividend per Share 2 0.3010 0.2300 0.2300 0.3000 0.4000 0.5071 0.5729 0.6258
Announcement Date 23/03/20 19/03/21 22/03/22 21/03/23 26/03/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,134 4,505 4,615 1,663 3,032 5,900 10,450 15,441
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 25.3 1,523 1,897 145 2,620 3,028 6,137 5,720
ROE (net income / shareholders' equity) 16.8% 10.9% 12.2% 15.8% 16.3% 15.8% 15.9% 15.7%
ROA (Net income/ Total Assets) 4.98% 3.38% 3.14% 5.13% 5.58% 5.97% 6.14% 6.17%
Assets 1 31,973 33,561 57,578 42,800 52,244 56,355 62,453 69,521
Book Value Per Share 2 5.850 6.200 5.870 6.420 7.230 8.150 9.150 10.30
Cash Flow per Share 2 0.1400 1.010 1.000 0.4100 1.340 1.380 1.960 1.960
Capex 1 226 226 317 773 916 1,615 1,391 1,391
Capex / Sales 0.93% 1.01% 0.87% 1.99% 2% 3.17% 2.47% 2.24%
Announcement Date 23/03/20 19/03/21 22/03/22 21/03/23 26/03/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
11.73 CNY
Average target price
15.38 CNY
Spread / Average Target
+31.07%
Consensus

Annual profits - Rate of surprise

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