Financials Jiangsu Eastern Shenghong Co.,Ltd.

Equities

000301

CNE0000012K6

Commodity Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
8.44 CNY -1.29% Intraday chart for Jiangsu Eastern Shenghong Co.,Ltd. -6.74% -12.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,870 45,835 93,507 86,210 63,468 55,799 - -
Enterprise Value (EV) 1 25,773 57,167 148,894 173,281 63,468 178,185 174,471 169,532
P/E ratio 13 x 135 x 26.5 x 163 x 87.3 x 17.5 x 10.2 x 8.8 x
Yield 1.93% 1.05% 0.78% 0.77% - 1.89% 2.65% 3.8%
Capitalization / Revenue 0.84 x 2.01 x 1.81 x 1.35 x 0.45 x 0.37 x 0.34 x 0.34 x
EV / Revenue 1.04 x 2.51 x 2.88 x 2.72 x 0.45 x 1.18 x 1.05 x 1.03 x
EV / EBITDA 8.44 x 34.8 x 18.3 x 33.5 x 6.24 x 9.41 x 7.72 x 7.03 x
EV / FCF -31,806,484 x - -4,092,323 x -5,780,880 x - - - -
FCF Yield -0% - -0% -0% - - - -
Price to Book 1.49 x 2.61 x 7.55 x 2.41 x - 1.46 x 1.28 x 1.21 x
Nbr of stocks (in thousands) 4,029,053 4,834,864 4,834,903 6,611,188 6,611,213 6,611,214 - -
Reference price 2 5.180 9.480 19.34 13.04 9.600 8.440 8.440 8.440
Announcement Date 4/8/20 4/14/21 4/18/22 4/17/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,888 22,777 51,722 63,822 140,440 150,582 165,593 163,877
EBITDA 1 3,055 1,641 8,126 5,176 10,170 18,943 22,597 24,129
EBIT 1 1,898 424.3 6,017 415.6 243.9 5,212 8,401 9,365
Operating Margin 7.62% 1.86% 11.63% 0.65% 0.17% 3.46% 5.07% 5.71%
Earnings before Tax (EBT) 1 1,906 444.2 6,059 446.5 311 3,809 7,258 7,698
Net income 1 1,614 316.3 4,544 548.2 717 3,177 5,474 6,319
Net margin 6.48% 1.39% 8.78% 0.86% 0.51% 2.11% 3.31% 3.86%
EPS 2 0.4000 0.0700 0.7300 0.0800 0.1100 0.4814 0.8296 0.9592
Free Cash Flow -810.3 - -36,384 -29,975 - - - -
FCF margin -3.26% - -70.34% -46.97% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1000 0.1000 0.1500 0.1000 - 0.1592 0.2236 0.3205
Announcement Date 4/8/20 4/14/21 4/18/22 4/17/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 26,645 13,773 16,469 - 36,365 37,743 36,763 46,849 45,338 22,200 - -
EBITDA 1 - 1,781 2,027 - - - - 3,749 3,655 2,494 - -
EBIT 1 4,363 818.7 1,538 - 1,048 881.5 -2,581 2,544 2,450 1,289 - -
Operating Margin 16.38% 5.94% 9.34% - 2.88% 2.34% -7.02% 5.43% 5.4% 5.81% - -
Earnings before Tax (EBT) 1 - - - - 1,083 892.1 -2,577 1,729 1,619 326.8 - -
Net income 1 - - - 717.2 963.3 798.2 -1,819 1,211 1,298 250.4 - -
Net margin - - - - 2.65% 2.11% -4.95% 2.58% 2.86% 1.13% - -
EPS 2 0.4500 0.1100 0.1500 0.1000 0.1400 0.1100 -0.2500 0.1831 0.1963 0.0379 - -
Dividend per Share 2 0.1500 - - - - - - 0.0363 0.0363 0.0363 0.0578 0.0578
Announcement Date 4/18/22 4/29/22 8/19/22 4/20/23 8/10/23 10/27/23 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,902 11,333 55,387 87,072 - 122,387 118,673 113,733
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.605 x 6.904 x 6.816 x 16.82 x - 6.461 x 5.252 x 4.714 x
Free Cash Flow -810 - -36,384 -29,975 - - - -
ROE (net income / shareholders' equity) 10.9% 2.26% 17.6% 1.73% - 8.51% 12.6% 14%
ROA (Net income/ Total Assets) 4.99% 0.9% 4.22% 0.37% - 1.7% 2.5% 2.85%
Assets 1 32,337 35,044 107,668 149,282 - 186,891 218,955 221,723
Book Value Per Share 2 3.480 3.630 2.560 5.400 - 5.770 6.580 7.000
Cash Flow per Share 2 1.290 0.4600 0.8600 0.2000 - 2.880 3.390 3.670
Capex 1 5,907 16,784 41,717 31,366 - 13,225 11,885 14,022
Capex / Sales 23.74% 73.69% 80.66% 49.15% - 8.78% 7.18% 8.56%
Announcement Date 4/8/20 4/14/21 4/18/22 4/17/23 4/26/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
8.55 CNY
Average target price
11.65 CNY
Spread / Average Target
+36.23%
Consensus
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