Financials Zhejiang Xinhua Chemical Co.,Ltd

Equities

603867

CNE100003L60

Commodity Chemicals

End-of-day quote Shanghai S.E. 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
25.96 CNY +0.50% Intraday chart for Zhejiang Xinhua Chemical Co.,Ltd +0.54% -20.95%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,354 3,289 5,194 5,955 6,095 4,818 - -
Enterprise Value (EV) 1 3,354 3,289 5,194 5,955 6,095 4,818 4,818 4,818
P/E ratio 23.7 x 15.9 x 26.3 x 18.1 x 24.7 x 14.2 x 10.8 x 8.89 x
Yield - 1.93% - 1.7% 1.37% 2.2% 2.81% -
Capitalization / Revenue 1.95 x 1.42 x - 2.22 x 2.35 x 1.45 x 1.24 x 1.06 x
EV / Revenue 1.95 x 1.42 x - 2.22 x 2.35 x 1.45 x 1.24 x 1.06 x
EV / EBITDA - - - 11.7 x - 9.66 x 7.44 x 6.18 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - 2.2 x - 3.08 x 2.89 x 1.96 x 1.71 x 1.51 x
Nbr of stocks (in thousands) 1,82,000 1,83,170 1,83,170 1,84,379 1,85,591 1,85,591 - -
Reference price 2 18.43 17.95 28.35 32.30 32.84 25.96 25.96 25.96
Announcement Date 22/04/20 15/04/21 21/04/22 24/04/23 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 1,718 2,321 - 2,683 2,597 3,330 3,879 4,532
EBITDA 1 - - - 510.8 - 499 648 779
EBIT 1 - 254.3 - 413.6 340.9 436 567 706
Operating Margin - 10.95% - 15.41% 13.13% 13.09% 14.62% 15.58%
Earnings before Tax (EBT) 1 - 252 - 417 337.7 434 568 704
Net income 1 - 205.5 196.8 329.2 252.6 340 446 541
Net margin - 8.86% - 12.27% 9.73% 10.21% 11.5% 11.94%
EPS 2 0.7769 1.131 1.077 1.780 1.330 1.830 2.405 2.920
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.3462 - 0.5500 0.4500 0.5700 0.7300 -
Announcement Date 22/04/20 15/04/21 21/04/22 24/04/23 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 - - - - - - - -
ROE (net income / shareholders' equity) - 14.5% - 18.3% 11.9% 13.8% 16.4% 17%
ROA (Net income/ Total Assets) - - - 10.1% - 7.7% 8.8% 10.1%
Assets 1 - - - 3,273 - 4,416 5,068 5,356
Book Value Per Share 2 - 8.160 - 10.50 11.30 13.30 15.10 17.20
Cash Flow per Share 2 - 0.5200 - 1.750 1.520 2.230 2.660 -
Capex 1 - 74.2 - 519 383 263 155 168
Capex / Sales - 3.2% - 19.33% 14.77% 7.9% 4% 3.71%
Announcement Date 22/04/20 15/04/21 21/04/22 24/04/23 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

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
25.96 CNY
Average target price
38 CNY
Spread / Average Target
+46.38%
Consensus

Annual profits - Rate of surprise

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