Stock 002946 NEW HOPE DAIRY CO., LTD.
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Financials New Hope Dairy Co., Ltd.

Equities

002946

CNE100003JJ1

Food Processing

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-05-26 pm EDT 		5-day change 1st Jan Change
10.41 CNY -0.86% Intraday chart for New Hope Dairy Co., Ltd. -5.54% -9.32%
May. 22 New Hope Dairy Co., Ltd. Approves Cash Dividend for the Year 2023 CI
Apr. 26 New Hope Dairy Co., Ltd. Proposes Final Cash Dividend for 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,723 15,034 13,824 11,465 9,940 9,012 - -
Enterprise Value (EV) 1 10,723 15,034 13,824 11,465 9,940 9,012 9,012 9,012
P/E ratio 43.3 x 55 x 44.3 x 31.5 x 23 x 16.3 x 13.5 x 11.3 x
Yield 0.48% 0.4% 0.47% - 1.31% 1.86% 2.21% 2.69%
Capitalization / Revenue 1.89 x 2.23 x 1.54 x 1.15 x 0.9 x 0.77 x 0.7 x 0.65 x
EV / Revenue 1.89 x 2.23 x 1.54 x 1.15 x 0.9 x 0.77 x 0.7 x 0.65 x
EV / EBITDA 18.5 x 22.7 x 17.8 x 12.2 x 10.1 x 7.77 x 6.87 x 6.2 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 5.45 x 5.88 x 5.44 x 4.73 x 4.04 x 2.84 x 2.44 x 2.05 x
Nbr of stocks (in thousands) 853,711 853,711 867,271 866,583 865,812 865,713 - -
Reference price 2 12.56 17.61 15.94 13.23 11.48 10.41 10.41 10.41
Announcement Date 2/28/20 4/14/21 4/28/22 4/25/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,675 6,749 8,967 10,006 10,987 11,730 12,788 13,914
EBITDA 1 578.9 661.8 775.9 938.7 979.7 1,160 1,312 1,454
EBIT 1 257.6 296.8 368 403.2 507.9 660.5 801.1 962.6
Operating Margin 4.54% 4.4% 4.1% 4.03% 4.62% 5.63% 6.26% 6.92%
Earnings before Tax (EBT) 1 268.3 308.3 376.8 405.9 508.8 660.7 802.3 963.4
Net income 1 243.7 271 312.3 361.5 430.8 552 668.8 798.3
Net margin 4.29% 4.02% 3.48% 3.61% 3.92% 4.71% 5.23% 5.74%
EPS 2 0.2900 0.3200 0.3600 0.4200 0.5000 0.6383 0.7700 0.9240
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0600 0.0700 0.0750 - 0.1500 0.1933 0.2300 0.2800
Announcement Date 2/28/20 4/14/21 4/28/22 4/25/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

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) 12.8% 12% 11.8% 14.1% 16.8% 17.7% 18.4% 18.2%
ROA (Net income/ Total Assets) 5.07% 3.89% 3.45% - - 5.56% 6.32% 6.68%
Assets 1 4,810 6,972 9,041 - - 9,924 10,578 11,951
Book Value Per Share 2 2.310 3.000 2.930 2.800 2.840 3.670 4.270 5.070
Cash Flow per Share 2 0.7400 0.8400 1.190 - 1.800 1.380 1.650 1.890
Capex 1 547 565 597 630 644 496 481 497
Capex / Sales 9.64% 8.37% 6.66% 6.3% 5.86% 4.23% 3.76% 3.57%
Announcement Date 2/28/20 4/14/21 4/28/22 4/25/23 4/25/24 - - -
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

Ratings for New Hope Dairy Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
10.41 CNY
Average target price
13 CNY
Spread / Average Target
+24.88%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Dairy Products

1st Jan change Capi.
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