Financials Yunnan Yuntianhua Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 03/07/2024 am IST			5-day change	1st Jan Change
19.81 ^CNY	-0.65%		-0.90%	+26.99%

15/06	Yunnan Yuntianhua Co., Ltd. agreed to acquire an unknown minority stake in Yunnan Phosphate Chemical Group Co., Ltd.	CI
15/04	Yunnan Yuntianhua Q1 Profit Slips 7%, Revenue Down 13%	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,567	8,655	36,050	38,603	28,616	36,338	-	-
Enterprise Value (EV) ¹	7,567	8,655	36,050	38,603	28,616	36,338	36,338	36,338
P/E ratio	49.8 x	31.9 x	9.9 x	6.42 x	6.32 x	7.67 x	7.4 x	7.13 x
Yield	-	-	-	-	6.41%	5.07%	5.22%	5.3%
Capitalization / Revenue	0.14 x	0.17 x	0.57 x	0.51 x	0.41 x	0.51 x	0.5 x	0.48 x
EV / Revenue	0.14 x	0.17 x	0.57 x	0.51 x	0.41 x	0.51 x	0.5 x	0.48 x
EV / EBITDA	2.95 x	3.03 x	4.94 x	3.59 x	3.02 x	3.57 x	3.44 x	3.53 x
EV / FCF	-	-	6.34 x	-	3.77 x	14.2 x	9.21 x	5.31 x
FCF Yield	-	-	15.8%	-	26.5%	7.04%	10.9%	18.8%
Price to Book	1.73 x	1.73 x	3.53 x	2.36 x	1.53 x	1.67 x	1.46 x	1.28 x
Nbr of stocks (in thousands)	14,27,675	14,25,917	18,37,396	18,34,754	18,34,329	18,34,329	-	-
Reference price ²	5.300	6.070	19.62	21.04	15.60	19.81	19.81	19.81
Announcement Date	20/04/20	05/03/21	07/03/22	14/04/23	25/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	53,976	52,114	63,249	75,313	69,060	70,584	72,809	75,459
EBITDA ¹	2,566	2,860	7,299	10,746	9,486	10,167	10,565	10,308
EBIT ¹	347	673	5,133	8,560	6,825	6,962	7,238	7,438
Operating Margin	0.64%	1.29%	8.12%	11.37%	9.88%	9.86%	9.94%	9.86%
Earnings before Tax (EBT) ¹	408.4	637.7	4,870	8,523	6,579	6,814	7,100	7,302
Net income ¹	151.9	274.3	3,642	6,021	4,522	4,735	4,911	5,095
Net margin	0.28%	0.53%	5.76%	8%	6.55%	6.71%	6.75%	6.75%
EPS ²	0.1064	0.1902	1.982	3.280	2.469	2.581	2.679	2.778
Free Cash Flow ¹	-	-	5,685	-	7,583	2,557	3,946	6,843
FCF margin	-	-	8.99%	-	10.98%	3.62%	5.42%	9.07%
FCF Conversion (EBITDA)	-	-	77.88%	-	79.94%	25.15%	37.35%	66.38%
FCF Conversion (Net income)	-	-	156.09%	-	167.68%	54%	80.34%	134.3%
Dividend per Share ²	-	-	-	-	1.000	1.005	1.035	1.050
Announcement Date	20/04/20	05/03/21	07/03/22	14/04/23	25/03/24	-	-	-

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 ¹	-	-	5,685	-	7,583	2,557	3,946	6,843
ROE (net income / shareholders' equity)	3.64%	6.11%	43.7%	45.3%	25.9%	22%	19.9%	18%
ROA (Net income/ Total Assets)	-	0.48%	6.85%	-	8.55%	8.95%	8.65%	8.23%
Assets ¹	-	56,900	53,196	-	52,897	52,906	56,779	61,886
Book Value Per Share ²	3.070	3.500	5.560	8.920	10.20	11.80	13.60	15.50
Cash Flow per Share ²	2.930	3.200	4.220	5.750	5.140	4.720	5.370	5.170
Capex ¹	528	421	2,064	3,979	1,854	5,016	4,997	3,563
Capex / Sales	0.98%	0.81%	3.26%	5.28%	2.68%	7.11%	6.86%	4.72%
Announcement Date	20/04/20	05/03/21	07/03/22	14/04/23	25/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.81 CNY

Average target price

24.48 CNY

Spread / Average Target

+23.57%

	1st Jan change	Capi.
YUNNAN YUNTIANHUA CO., LTD.	+26.99%	503.03Cr
CORTEVA, INC.	+9.52%	3.68TCr
PHOSAGRO	-.--%	1.16TCr
THE FERTILISERS AND CHEMICALS TRAVANCORE LIMITED	+25.89%	777.48Cr
FMC CORPORATION	-11.72%	694.24Cr
PI INDUSTRIES LIMITED	+8.13%	682.77Cr
ICL GROUP LTD	-11.77%	542.18Cr
OCI N.V.	-11.78%	517.4Cr
UPL LIMITED	-2.61%	509.35Cr
JORDAN PHOSPHATE MINES CO. PLC	+5.43%	394.04Cr