Financials Zhongmin Energy Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 15/07/2024 am IST			5-day change	1st Jan Change
5.13 ^CNY	-0.39%		-1.35%	+17.39%

29/04	Zhongmin Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
26/04	Zhongmin Energy Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,458	6,994	16,689	10,219	8,316	9,762	-	-
Enterprise Value (EV) ¹	3,458	6,994	16,689	10,219	8,316	9,762	9,762	9,762
P/E ratio	22.9 x	15.5 x	24.4 x	14 x	12.3 x	11.4 x	11.2 x	10.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	5.95 x	-	10.9 x	5.71 x	4.8 x	4.93 x	4.91 x	4.9 x
EV / Revenue	5.95 x	-	10.9 x	5.71 x	4.8 x	4.93 x	4.91 x	4.9 x
EV / EBITDA	8.93 x	-	14.3 x	7.23 x	6.08 x	5.92 x	5.87 x	5.84 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.92 x	-	3.34 x	1.78 x	1.33 x	1.39 x	1.25 x	1.14 x
Nbr of stocks (in thousands)	9,99,465	16,89,303	19,02,996	19,02,996	19,02,996	19,02,996	-	-
Reference price ²	3.460	4.140	8.770	5.370	4.370	5.130	5.130	5.130
Announcement Date	14/04/20	28/04/21	11/03/22	19/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	580.8	-	1,533	1,791	1,732	1,981	1,990	1,994
EBITDA ¹	387.3	-	1,166	1,414	1,369	1,648	1,662	1,671
EBIT ¹	209.9	-	753.9	917.5	862.6	1,089	1,122	1,153
Operating Margin	36.14%	-	49.19%	51.23%	49.81%	54.97%	56.38%	57.82%
Earnings before Tax (EBT) ¹	210.2	-	753.3	916.7	862.1	1,089	1,121	1,153
Net income ¹	150.5	485.9	656.5	729.1	678.5	856.7	882.3	907.1
Net margin	25.92%	-	42.83%	40.71%	39.18%	43.25%	44.34%	45.49%
EPS ²	0.1510	0.2670	0.3598	0.3831	0.3565	0.4500	0.4600	0.4800
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	14/04/20	28/04/21	11/03/22	19/04/23	26/04/24	-	-	-

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.82%	-	15.8%	13.5%	11.3%	12.6%	11.7%	10.8%
ROA (Net income/ Total Assets)	-	-	6.23%	-	-	-	-	-
Assets ¹	-	-	10,535	-	-	-	-	-
Book Value Per Share ²	1.180	-	2.630	3.020	3.280	3.680	4.090	4.500
Cash Flow per Share ²	0.2400	-	0.4200	0.6700	0.5400	0.6200	0.8500	0.7600
Capex ¹	-	-	544	217	93	99.3	101	94.4
Capex / Sales	-	-	35.49%	12.12%	5.37%	5.01%	5.07%	4.73%
Announcement Date	14/04/20	28/04/21	11/03/22	19/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.13 CNY

Average target price

5.85 CNY

Spread / Average Target

+14.04%

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