ZHEJIANG ZHONGCHENG PACKING MATERIAL CO., LTD. Financials Zhejiang Zhongcheng Packing Material Co., Ltd.
Equities
002522
CNE100000XL4
Non-Paper Containers & Packaging
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.02 CNY | -1.95% |
|
+0.25% | -16.42% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,429 | 5,561 | 5,824 | 6,431 | 4,882 | 4,357 |
| Enterprise Value (EV) 1 | 4,547 | 5,662 | 5,741 | 7,004 | 5,020 | 4,567 |
| P/E ratio | 122 x | 87.7 x | 33.8 x | 35.5 x | 31.7 x | 43.7 x |
| Yield | 0.61% | 1.14% | 1.24% | 0.42% | 0.56% | 0.73% |
| Capitalization / Revenue | 4.22 x | 4.46 x | 4.02 x | 3.58 x | 2.59 x | 2.52 x |
| EV / Revenue | 4.34 x | 4.55 x | 3.96 x | 3.9 x | 2.66 x | 2.64 x |
| EV / EBITDA | 42.6 x | 34.8 x | 17.4 x | 20.5 x | 16.8 x | 18.7 x |
| EV / FCF | -14 x | 129 x | 29.2 x | -149 x | -66.9 x | 267 x |
| FCF Yield | -7.16% | 0.78% | 3.42% | -0.67% | -1.5% | 0.37% |
| Price to Book | 2.48 x | 3.05 x | 3.03 x | 3.17 x | 2.26 x | 1.95 x |
| Nbr of stocks (in thousands) | 9,05,779 | 9,05,779 | 9,05,779 | 9,05,779 | 9,05,779 | 9,05,779 |
| Reference price 2 | 4.890 | 6.140 | 6.430 | 7.100 | 5.390 | 4.810 |
| Announcement Date | 24/04/19 | 27/04/20 | 24/03/21 | 19/04/22 | 25/04/23 | 12/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,049 | 1,246 | 1,449 | 1,796 | 1,884 | 1,728 |
| EBITDA 1 | 106.8 | 162.9 | 329.6 | 341.4 | 298.1 | 244 |
| EBIT 1 | 5.428 | 49.05 | 200.2 | 207.6 | 158.4 | 89.37 |
| Operating Margin | 0.52% | 3.94% | 13.81% | 11.56% | 8.41% | 5.17% |
| Earnings before Tax (EBT) 1 | -3.11 | 14.88 | 171.3 | 179.6 | 154.1 | 93.77 |
| Net income 1 | 35.92 | 64.16 | 169.6 | 177.6 | 153.4 | 104 |
| Net margin | 3.42% | 5.15% | 11.7% | 9.89% | 8.14% | 6.02% |
| EPS 2 | 0.0400 | 0.0700 | 0.1900 | 0.2000 | 0.1700 | 0.1100 |
| Free Cash Flow 1 | -325.7 | 43.94 | 196.4 | -47.09 | -75.08 | 17.07 |
| FCF margin | -31.05% | 3.53% | 13.55% | -2.62% | -3.98% | 0.99% |
| FCF Conversion (EBITDA) | - | 26.98% | 59.59% | - | - | 7% |
| FCF Conversion (Net income) | - | 68.48% | 115.82% | - | - | 16.41% |
| Dividend per Share 2 | 0.0300 | 0.0700 | 0.0800 | 0.0300 | 0.0300 | 0.0350 |
| Announcement Date | 24/04/19 | 27/04/20 | 24/03/21 | 19/04/22 | 25/04/23 | 12/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 118 | 101 | - | 573 | 138 | 210 |
| Net Cash position 1 | - | - | 82.7 | - | - | - |
| Leverage (Debt/EBITDA) | 1.1 x | 0.6193 x | - | 1.679 x | 0.4617 x | 0.8623 x |
| Free Cash Flow 1 | -326 | 43.9 | 196 | -47.1 | -75.1 | 17.1 |
| ROE (net income / shareholders' equity) | -1.08% | -0.65% | 6.82% | 6.92% | 5.7% | 3% |
| ROA (Net income/ Total Assets) | 0.11% | 0.96% | 3.77% | 3.75% | 2.73% | 1.52% |
| Assets 1 | 32,011 | 6,706 | 4,498 | 4,739 | 5,621 | 6,832 |
| Book Value Per Share 2 | 1.970 | 2.010 | 2.120 | 2.240 | 2.390 | 2.470 |
| Cash Flow per Share 2 | 0.5200 | 0.7900 | 0.7600 | 0.2800 | 0.8200 | 0.8400 |
| Capex 1 | 310 | 83.6 | 43.5 | 246 | 228 | 137 |
| Capex / Sales | 29.6% | 6.71% | 3% | 13.72% | 12.12% | 7.9% |
| Announcement Date | 24/04/19 | 27/04/20 | 24/03/21 | 19/04/22 | 25/04/23 | 12/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -16.42% | 51Cr | |
| +7.57% | 1.5TCr | |
| +19.62% | 983.95Cr | |
| -11.41% | 685.14Cr | |
| +38.00% | 155.58Cr | |
| +17.06% | 142.39Cr | |
| -11.04% | 137.63Cr | |
| +26.17% | 128.89Cr | |
| -23.77% | 106.56Cr | |
| +21.68% | 87Cr |
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- Financials Zhejiang Zhongcheng Packing Material Co., Ltd.
