Financials Yongxing Special Materials Technology Co.,Ltd

Equities

002756

CNE100001XB3

Commodity Chemicals

End-of-day quote Shenzhen S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
35.78 CNY -3.30% Intraday chart for Yongxing Special Materials Technology Co.,Ltd -8.14% -31.47%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,462 20,844 60,089 38,222 28,146 19,029 - -
Enterprise Value (EV) 1 6,462 20,844 58,261 29,195 18,709 9,920 8,580 7,930
P/E ratio 18.9 x 76.4 x 67.6 x 5.94 x 8.25 x 11.6 x 10 x 8.29 x
Yield 2.54% 0.57% 0.34% 5.42% 3.83% 3.1% 3.24% 4.25%
Capitalization / Revenue 1.32 x 4.19 x 8.35 x 2.45 x 2.31 x 1.96 x 1.81 x 1.61 x
EV / Revenue 1.32 x 4.19 x 8.09 x 1.87 x 1.53 x 1.02 x 0.82 x 0.67 x
EV / EBITDA 12.4 x 45.2 x 49.5 x 3.71 x 4.11 x 5.63 x 4.31 x 3.17 x
EV / FCF - - 117 x 4.72 x 5.21 x 9.43 x 8.54 x 5.54 x
FCF Yield - - 0.86% 21.2% 19.2% 10.6% 11.7% 18%
Price to Book 1.9 x 5.35 x 11.9 x 3.11 x 2.17 x 1.42 x 1.28 x 1.17 x
Nbr of stocks (in thousands) 4,68,000 4,99,759 5,27,735 5,39,102 5,39,102 5,31,824 - -
Reference price 2 13.81 41.71 113.9 70.90 52.21 35.78 35.78 35.78
Announcement Date 28/02/20 13/04/21 25/04/22 12/03/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,909 4,973 7,199 15,579 12,189 9,713 10,497 11,785
EBITDA 1 520.4 461.3 1,177 7,879 4,555 1,762 1,990 2,501
EBIT 1 414.7 325.6 1,012 7,671 4,277 2,033 2,402 2,946
Operating Margin 8.45% 6.55% 14.06% 49.24% 35.09% 20.93% 22.89% 25%
Earnings before Tax (EBT) 1 412.9 321.1 1,010 7,664 4,207 2,020 2,384 2,930
Net income 1 343.6 258 887.1 6,320 3,407 1,575 1,697 2,135
Net margin 7% 5.19% 12.32% 40.57% 27.95% 16.22% 16.17% 18.11%
EPS 2 0.7308 0.5462 1.685 11.93 6.330 3.074 3.562 4.316
Free Cash Flow 1 - - 498.3 6,185 3,589 1,052 1,004 1,431
FCF margin - - 6.92% 39.7% 29.45% 10.83% 9.57% 12.14%
FCF Conversion (EBITDA) - - 42.33% 78.5% 78.8% 59.7% 50.47% 57.22%
FCF Conversion (Net income) - - 56.18% 97.87% 105.36% 66.78% 59.18% 67.04%
Dividend per Share 2 0.3508 0.2385 0.3846 3.846 2.000 1.110 1.158 1.520
Announcement Date 28/02/20 13/04/21 25/04/22 12/03/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3 2022 S2 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - 9,164 3,319 3,048 2,485 5,533 2,300 2,876 2,641 2,153 2,989 2,972
EBITDA - - - - - - - - - - - - -
EBIT - - 4,982 - - - 1,911 - - - - - -
Operating Margin - - 54.36% - - - 34.54% - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 2,263 2,007 - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS 2 - - - - - - - - 0.7400 0.6900 0.6900 - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 08/08/22 27/10/22 12/03/23 28/08/23 30/10/23 29/04/24 29/04/24 29/04/24 - - - - -
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 - - 1,828 9,027 9,438 9,109 10,449 11,099
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 498 6,185 3,589 1,052 1,005 1,431
ROE (net income / shareholders' equity) 10.4% 7.42% 19.3% 74.7% 27.3% 11.9% 12.8% 13.9%
ROA (Net income/ Total Assets) 7.73% 5.21% 15.1% - 22% 9.17% 9.32% 11.9%
Assets 1 4,443 4,952 5,865 - 15,465 17,180 18,206 17,982
Book Value Per Share 2 7.270 7.790 9.540 22.80 24.10 25.20 28.00 30.70
Cash Flow per Share 2 0.7400 1.070 - 12.30 7.320 3.310 3.650 4.720
Capex 1 210 120 287 464 355 542 561 503
Capex / Sales 4.27% 2.41% 3.99% 2.98% 2.91% 5.58% 5.34% 4.27%
Announcement Date 28/02/20 13/04/21 25/04/22 12/03/23 29/04/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
35.78 CNY
Average target price
47.84 CNY
Spread / Average Target
+33.71%
Consensus
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