Financials Tianjin Yiyi Hygiene Products Co.,Ltd

Equities

001206

CNE100004K03

Personal Products

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 08/05/2024 am IST			5-day change	1st Jan Change
14.71 ^CNY	-0.74%		+1.73%	-6.78%

26/04	Tianjin Yiyi Hygiene Products Co.,Ltd Proposes Final Cash Dividend for 2023	CI
25/04	Tianjin Yiyi Hygiene Products Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	4,377	3,212	2,901	2,704	-
Enterprise Value (EV) ¹	4,163	2,866	2,901	2,704	2,704
P/E ratio	34.4 x	21.3 x	28.2 x	15.6 x	12.7 x
Yield	1.51%	2.06%	2.53%	2.72%	2.72%
Capitalization / Revenue	3.34 x	2.12 x	2.17 x	1.62 x	1.27 x
EV / Revenue	3.34 x	2.12 x	2.17 x	1.62 x	1.27 x
EV / EBITDA	24.1 x	15 x	15.6 x	10.1 x	8.2 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	2.54 x	1.77 x	1.65 x	1.45 x	1.24 x
Nbr of stocks (in thousands)	1,84,894	1,84,894	1,83,853	1,83,853	-
Reference price ²	23.67	17.37	15.78	14.71	14.71
Announcement Date	25/04/22	29/03/23	25/04/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	-	1,310	1,516	1,337	1,673	2,133
EBITDA ¹	-	181.3	214.3	186.4	269	329.9
EBIT ¹	-	149.2	194.2	131.7	223	278.5
Operating Margin	-	11.39%	12.8%	9.85%	13.33%	13.06%
Earnings before Tax (EBT) ¹	-	149.4	192.5	132.5	223	278.5
Net income ¹	194.5	114.1	150.5	103.3	174	214.4
Net margin	-	8.71%	9.93%	7.72%	10.4%	10.05%
EPS ²	1.403	0.6888	0.8143	0.5600	0.9400	1.160
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.3571	0.3571	0.4000	0.4000	0.4000
Announcement Date	25/04/21	25/04/22	29/03/23	25/04/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2
Net sales ¹	365.6	352.6	378.6	409.4	375.8	283.8	344.6
EBITDA	-	-	-	-	-	-	-
EBIT ¹	12.15	24	74.98	97.23	23.19	-7.096	64.02
Operating Margin	3.32%	6.81%	19.81%	23.75%	6.17%	-2.5%	18.58%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-
EPS ²	-	-	-	-	-	-0.0143	0.2600
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	25/04/22	25/04/22	14/08/22	20/10/22	29/03/23	26/04/23	24/08/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	215	345	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	8.65%	8.54%	5.7%	9.6%	9.9%
ROA (Net income/ Total Assets)	-	-	7.55%	-	8.5%	8.65%
Assets ¹	-	-	1,993	-	2,047	2,479
Book Value Per Share ²	-	9.330	9.790	9.580	10.10	11.80
Cash Flow per Share ²	-	0.1000	1.090	1.090	0.8600	1.150
Capex ¹	-	249	78	49.4	51	47
Capex / Sales	-	18.99%	5.15%	3.69%	3.05%	2.2%
Announcement Date	25/04/21	25/04/22	29/03/23	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 Tianjin Yiyi Hygiene Products Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.71 CNY

Average target price

20 CNY

Spread / Average Target

+35.96%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Sanitary Products

	1st Jan change	Capi.
TIANJIN YIYI HYGIENE PRODUCTS CO.,LTD	-6.78%	378M
UNICHARM CORPORATION	-5.51%	18.05B
HENGAN INTERNATIONAL GROUP COMPANY LIMITED	-5.68%	4.02B
VINDA INTERNATIONAL HOLDINGS LIMITED	+3.08%	3.61B
GILLETTE INDIA LIMITED	+7.49%	2.66B
C&S PAPER CO.,LTD	-12.70%	1.62B
CHONGQING BAIYA SANITARY PRODUCTS CO., LTD.	+49.08%	1.32B
HANGZHOU HAOYUE PERSONAL CARE CO., LTD	+12.50%	940M
ONTEX GROUP NV	+19.53%	793M
YUEN FOONG YU CONSUMER PRODUCTS CO., LTD.	+32.78%	477M

Sanitary Products