Financials Luxi Chemical Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
12.42 ^CNY	+2.48%		+4.11%	+23.83%

Apr. 30	Luxi Chemical Group Co., Ltd. Proposes Final Cash Dividend for 2023	CI
Apr. 29	Luxi Chemical Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	15,396	18,721	29,060	23,785	19,222	23,803	-	-
Enterprise Value (EV) ¹	15,396	18,721	29,060	23,785	19,222	23,803	23,803	23,803
P/E ratio	9.16 x	22.7 x	6.29 x	7.55 x	23.4 x	11.7 x	10.2 x	8.15 x
Yield	4.76%	3.91%	13.1%	5.25%	1.3%	1.61%	2.38%	1.61%
Capitalization / Revenue	0.85 x	1.06 x	0.91 x	0.78 x	0.76 x	0.82 x	0.76 x	0.72 x
EV / Revenue	0.85 x	1.06 x	0.91 x	0.78 x	0.76 x	0.82 x	0.76 x	0.72 x
EV / EBITDA	-	5.3 x	2.92 x	3.72 x	5.58 x	4.47 x	3.99 x	3.62 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.38 x	1.31 x	1.62 x	1.37 x	1.14 x	1.28 x	1.18 x	1.06 x
Nbr of stocks (in thousands)	1,464,861	1,464,861	1,904,319	1,919,676	1,916,476	1,916,476	-	-
Reference price ²	10.51	12.78	15.26	12.39	10.03	12.42	12.42	12.42
Announcement Date	4/13/20	3/22/21	4/29/22	4/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	18,082	17,592	31,794	30,357	25,358	28,855	31,362	32,896
EBITDA ¹	-	3,529	9,938	6,394	3,444	5,326	5,962	6,569
EBIT ¹	1,793	1,087	6,932	3,811	1,133	2,570	2,986	3,747
Operating Margin	9.91%	6.18%	21.8%	12.55%	4.47%	8.9%	9.52%	11.39%
Earnings before Tax (EBT) ¹	2,015	1,094	6,047	3,788	1,053	2,550	2,951	3,707
Net income ¹	1,692	824.8	4,619	3,155	818.7	2,040	2,346	2,916
Net margin	9.36%	4.69%	14.53%	10.39%	3.23%	7.07%	7.48%	8.87%
EPS ²	1.147	0.5630	2.425	1.641	0.4280	1.063	1.222	1.523
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.5000	0.5000	2.000	0.6500	0.1300	0.2000	0.2950	0.2000
Announcement Date	4/13/20	3/22/21	4/29/22	4/20/23	4/29/24	-	-	-

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)	15.8%	7.3%	29%	17.8%	4.78%	10.9%	11.6%	12.9%
ROA (Net income/ Total Assets)	5.83%	2.63%	14.4%	9.49%	-	5.27%	5.67%	7.4%
Assets ¹	29,001	31,398	31,995	33,261	-	38,728	41,404	39,410
Book Value Per Share ²	7.640	9.740	9.420	9.030	8.820	9.730	10.50	11.70
Cash Flow per Share ²	2.100	2.060	4.970	2.670	2.020	1.640	2.140	2.700
Capex ¹	3,255	2,857	3,684	4,357	3,432	4,669	2,759	1,644
Capex / Sales	18%	16.24%	11.59%	14.35%	13.53%	16.18%	8.8%	5%
Announcement Date	4/13/20	3/22/21	4/29/22	4/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.42 CNY

Average target price

15.06 CNY

Spread / Average Target

+21.26%

	1st Jan change	Capi.
LUXI CHEMICAL GROUP CO., LTD.	+23.83%	3.3B
AIR LIQUIDE	+5.41%	106B
SABIC	-4.43%	64.74B
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WANHUA CHEMICAL GROUP CO., LTD.	+17.24%	39.15B
LYONDELLBASELL INDUSTRIES N.V.	+6.13%	32.86B
WESTLAKE CORPORATION	+12.77%	20.29B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+15.03%	17.21B
HENGLI PETROCHEMICAL CO.,LTD.	+19.06%	15.28B
RONGSHENG PETROCHEMICAL CO., LTD.	+6.28%	14.58B