Financials Sinosteel Engineering & Technology Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 13/05/2024 am IST			5-day change	1st Jan Change
7.03 ^CNY	+3.23%		+8.49%	+20.58%

30/04	Sinosteel Engineering & Technology Co., Ltd. Proposes the Profit Distribution for 2023	CI
16/04	Sinosteel Engineering & Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,095	5,592	11,905	7,533	8,364	10,086	-	-
Enterprise Value (EV) ¹	6,095	5,592	11,905	7,533	8,364	10,086	10,086	10,086
P/E ratio	11.5 x	9.29 x	19 x	12.6 x	10.1 x	11.1 x	8.95 x	8.96 x
Yield	-	-	-	4.2%	4.56%	4.84%	5.41%	-
Capitalization / Revenue	-	0.38 x	0.75 x	0.4 x	0.32 x	0.34 x	0.32 x	0.27 x
EV / Revenue	-	0.38 x	0.75 x	0.4 x	0.32 x	0.34 x	0.32 x	0.27 x
EV / EBITDA	-	7.33 x	13.4 x	8.71 x	7.97 x	7.89 x	7.1 x	6.26 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	0.99 x	1.93 x	1.16 x	1.06 x	1.19 x	1.1 x	1.03 x
Nbr of stocks (in thousands)	12,56,663	12,56,663	12,80,081	12,81,044	14,34,645	14,34,645	-	-
Reference price ²	4.850	4.450	9.300	5.880	5.830	7.030	7.030	7.030
Announcement Date	14/04/20	10/01/21	11/01/22	28/04/23	17/01/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	14,847	15,862	18,718	26,377	29,873	31,681	38,028
EBITDA ¹	-	762.8	886.9	864.9	1,049	1,278	1,420	1,610
EBIT ¹	-	727.8	835.8	826.6	1,023	1,172	1,341	1,510
Operating Margin	-	4.9%	5.27%	4.42%	3.88%	3.92%	4.23%	3.97%
Earnings before Tax (EBT) ¹	-	765.1	835.6	827.7	1,024	1,173	1,344	1,511
Net income ¹	531.4	594.1	648.9	631.1	761.5	881.3	964.9	1,129
Net margin	-	4%	4.09%	3.37%	2.89%	2.95%	3.05%	2.97%
EPS ²	0.4228	0.4790	0.4887	0.4663	0.5775	0.6317	0.7857	0.7850
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.2470	0.2660	0.3400	0.3800	-
Announcement Date	14/04/20	10/01/21	11/01/22	28/04/23	17/01/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	11%	11.1%	9.92%	11.1%	10.5%	11.4%	11.6%
ROA (Net income/ Total Assets)	-	-	-	2.48%	-	2.77%	2.85%	-
Assets ¹	-	-	-	25,481	-	31,816	33,857	-
Book Value Per Share ²	-	4.480	4.820	5.050	5.500	5.920	6.360	6.860
Cash Flow per Share ²	-	1.220	0.4500	0.9100	0.9500	0.9900	1.360	1.260
Capex ¹	-	-	-	14.1	-	58	48	61.5
Capex / Sales	-	-	-	0.08%	-	0.19%	0.15%	0.16%
Announcement Date	14/04/20	10/01/21	11/01/22	28/04/23	17/01/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.03 CNY

Average target price

8.845 CNY

Spread / Average Target

+25.82%

	1st Jan change	Capi.
SINOSTEEL ENGINEERING & TECHNOLOGY CO., LTD.	+20.58%	135.21Cr
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