TANGSHAN SANYOU CHEMICAL INDUSTRIES CO.,LTD

Financials Tangshan Sanyou Chemical Industries Co.,Ltd

Equities

600409

CNE000001F39

Commodity Chemicals

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 09/05/2024 am IST			5-day change	1st Jan Change
5.7 ^CNY	+0.35%		+3.07%	+3.83%

25/04	Tangshan Sanyou Chemical Industries Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Sanyou Chemical to Invest 838 Million Yuan in Electronic-Grade Chemical Factory	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,047	21,160	17,960	13,645	11,333	11,767	-	-
Enterprise Value (EV) ¹	13,047	21,160	17,960	13,645	11,333	11,767	11,767	11,767
P/E ratio	19.1 x	29.5 x	10.7 x	13.8 x	20 x	20.4 x	10.4 x	11 x
Yield	2.63%	2.39%	2.82%	2.21%	1.51%	1.4%	1.93%	2.28%
Capitalization / Revenue	0.64 x	1.19 x	0.77 x	0.58 x	0.52 x	0.53 x	0.47 x	0.41 x
EV / Revenue	0.64 x	1.19 x	0.77 x	0.58 x	0.52 x	0.53 x	0.47 x	0.41 x
EV / EBITDA	6.48 x	10.6 x	5.14 x	4.76 x	4.36 x	3.61 x	3.35 x	-
EV / FCF	-	-	1,18,67,961 x	-	-	-	-	-
FCF Yield	-	-	0%	-	-	-	-	-
Price to Book	1.16 x	1.82 x	1.4 x	1.03 x	0.84 x	0.84 x	0.77 x	0.76 x
Nbr of stocks (in thousands)	20,64,349	20,64,349	20,64,349	20,64,349	20,64,349	20,64,349	-	-
Reference price ²	6.320	10.25	8.700	6.610	5.490	5.700	5.700	5.700
Announcement Date	25/04/20	08/04/21	16/02/22	13/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	20,515	17,780	23,182	23,680	21,920	22,224	25,166	28,841
EBITDA ¹	2,014	1,995	3,497	2,869	2,602	3,260	3,513	-
EBIT ¹	915.3	857.4	2,316	1,710	1,432	1,449	1,951	2,211
Operating Margin	4.46%	4.82%	9.99%	7.22%	6.53%	6.52%	7.75%	7.67%
Earnings before Tax (EBT) ¹	936.4	885.5	2,306	1,689	1,415	1,432	1,941	2,193
Net income ¹	682.9	717.1	1,671	988.7	565.7	577	1,130	1,079
Net margin	3.33%	4.03%	7.21%	4.18%	2.58%	2.6%	4.49%	3.74%
EPS ²	0.3308	0.3474	0.8094	0.4789	0.2740	0.2800	0.5500	0.5200
Free Cash Flow	-	-	1,513	-	-	-	-	-
FCF margin	-	-	6.53%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	43.27%	-	-	-	-	-
FCF Conversion (Net income)	-	-	90.57%	-	-	-	-	-
Dividend per Share ²	0.1660	0.2450	0.2450	0.1460	0.0830	0.0800	0.1100	0.1300
Announcement Date	25/04/20	08/04/21	16/02/22	13/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	1,513	-	-	-	-	-
ROE (net income / shareholders' equity)	6.14%	6.28%	13.8%	7.63%	4.23%	4.1%	7.38%	6.9%
ROA (Net income/ Total Assets)	2.72%	2.92%	6.65%	3.69%	-	3.6%	4.5%	4.9%
Assets ¹	25,070	24,548	25,141	26,798	-	16,028	25,122	22,020
Book Value Per Share ²	5.450	5.640	6.200	6.430	6.570	6.760	7.360	7.520
Cash Flow per Share ²	0.4700	1.010	0.7700	1.170	0.8100	1.180	1.490	1.570
Capex ¹	248	124	61.6	367	328	430	606	430
Capex / Sales	1.21%	0.7%	0.27%	1.55%	1.5%	1.93%	2.41%	1.49%
Announcement Date	25/04/20	08/04/21	16/02/22	13/04/23	25/04/24	-	-	-

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

Ratings for Tangshan Sanyou Chemical Industries Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.7 CNY

Average target price

7.5 CNY

Spread / Average Target

+31.58%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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