Financials Lizhong Sitong Light Alloys Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-27 pm EDT			5-day change	1st Jan Change
19.62 ^CNY	-1.90%		-5.81%	-7.10%

May. 09	Sitong Light Alloys' Unit Bags 1.41 Billion Yuan Worth of Aluminum Alloy Wheels Order	MT
Apr. 25	Lizhong Sitong Light Alloys Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,357	16,226	15,270	13,222	12,360	-	-
Enterprise Value (EV) ¹	8,357	16,226	15,270	13,222	12,360	12,360	12,360
P/E ratio	19.3 x	35.1 x	31.3 x	22 x	13.9 x	11.6 x	10 x
Yield	-	0.29%	0.32%	0.57%	1.14%	1.39%	1.83%
Capitalization / Revenue	-	0.87 x	0.71 x	0.56 x	0.43 x	0.36 x	0.32 x
EV / Revenue	-	0.87 x	0.71 x	0.56 x	0.43 x	0.36 x	0.32 x
EV / EBITDA	-	18.5 x	16.7 x	11.2 x	6.92 x	5.98 x	5.33 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	3.2 x	2.66 x	1.98 x	1.65 x	1.46 x	1.3 x
Nbr of stocks (in thousands)	578,369	616,957	616,957	626,020	629,994	-	-
Reference price ²	14.45	26.30	24.75	21.12	19.62	19.62	19.62
Announcement Date	2/26/21	2/25/22	1/19/23	2/7/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	18,634	21,371	23,679	28,800	33,994	39,047
EBITDA ¹	-	878.5	915.3	1,181	1,786	2,068	2,320
EBIT ¹	-	551.7	540	714.8	982	1,191	1,370
Operating Margin	-	2.96%	2.53%	3.02%	3.41%	3.5%	3.51%
Earnings before Tax (EBT) ¹	-	551.4	537	713.8	1,016	1,214	1,406
Net income ¹	434.9	450	492.4	602.5	883.7	1,059	1,226
Net margin	-	2.42%	2.3%	2.54%	3.07%	3.11%	3.14%
EPS ²	0.7500	0.7500	0.7900	0.9600	1.410	1.690	1.954
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.0750	0.0800	0.1200	0.2233	0.2733	0.3600
Announcement Date	2/26/21	2/25/22	1/19/23	2/7/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	9.72%	9.13%	9.67%	12.1%	12.9%	13.1%
ROA (Net income/ Total Assets)	-	3.13%	3.14%	3.38%	4.41%	4.76%	4.88%
Assets ¹	-	14,386	15,665	17,832	20,026	22,240	25,113
Book Value Per Share ²	-	8.210	9.290	10.70	11.90	13.40	15.10
Cash Flow per Share ²	-	-1.490	0.3900	1.540	0.5600	1.100	1.230
Capex ¹	-	827	1,251	1,111	817	762	709
Capex / Sales	-	4.44%	5.85%	4.69%	2.84%	2.24%	1.82%
Announcement Date	2/26/21	2/25/22	1/19/23	2/7/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.62 CNY

Average target price

29.61 CNY

Spread / Average Target

+50.93%

	1st Jan change	Capi.
LIZHONG SITONG LIGHT ALLOYS GROUP CO., LTD.	-7.10%	1.74B
INNOVATION NEW MATERIAL TECHNOLOGY CO., LTD.	-21.16%	2.38B
YECHIU METAL RECYCLING (CHINA) LTD.	+1.53%	811M
YINBANG CLAD MATERIAL CO.,LTD	-11.25%	793M
CHONGQING SHUNBO ALUMINUM CO.,LTD.	-17.26%	642M
SHANTOU WANSHUN NEW MATERIAL GROUP CO., LTD.	-16.69%	634M
JIANGSU LIDAO NEW MATERIALS CO., LTD.	-29.44%	264M
SUZHOU MINGZHI TECHNOLOGY CO., LTD.	-26.48%	249M
SHENZHEN SUNXING LIGHT ALLOYS MATERIALS CO.,LTD.	-35.89%	244M
UNITED ALLOY-TECH COMPANY	-35.47%	129M