Stock 603650 RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Financials Red Avenue New Materials Group Co., Ltd.

Equities

603650

CNE1000036G1

Specialty Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-05-27 pm EDT 		5-day change 1st Jan Change
30.9 CNY +3.90% Intraday chart for Red Avenue New Materials Group Co., Ltd. +12.04% -7.21%
May. 28 Red Avenue New Materials to Build Semiconductor Factory for 300 Million Yuan; Shares Up 3% MT
Apr. 29 Red Avenue New Materials Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,208 18,166 30,049 18,378 19,974 18,535 - -
Enterprise Value (EV) 1 10,208 18,166 30,049 18,378 19,974 18,535 18,535 18,535
P/E ratio 31.1 x 44.3 x 91.5 x 62.9 x 49 x 35.4 x 28.9 x 24.5 x
Yield - - 0.18% 0.26% 1.77% 0.45% 0.52% 0.65%
Capitalization / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 5.03 x 4.26 x 3.64 x
EV / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 5.03 x 4.26 x 3.64 x
EV / EBITDA 23.7 x 34.2 x - - 35.2 x 28.1 x 23.5 x 19.5 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.54 x 7.42 x 11 x 6.15 x 5.96 x 5.04 x 4.5 x 4.07 x
Nbr of stocks (in thousands) 585,988 585,988 597,152 596,121 599,831 599,832 - -
Reference price 2 17.42 31.00 50.32 30.83 33.30 30.90 30.90 30.90
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,208 2,046 2,308 2,500 2,944 3,683 4,355 5,085
EBITDA 1 431.5 530.7 - - 566.9 659 787.5 948.5
EBIT 1 364.2 468.9 333.7 302.1 427.4 511.8 644 794.7
Operating Margin 16.49% 22.92% 14.46% 12.08% 14.52% 13.89% 14.79% 15.63%
Earnings before Tax (EBT) 1 378.1 467.1 334.8 305.7 427 530.5 621.8 798
Net income 1 330.6 410.5 326.6 298.2 406.6 521.8 640.7 756.7
Net margin 14.97% 20.06% 14.15% 11.93% 13.81% 14.17% 14.71% 14.88%
EPS 2 0.5600 0.7000 0.5500 0.4900 0.6800 0.8720 1.070 1.260
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0900 0.0800 0.5900 0.1400 0.1600 0.2000
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
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) 15.1% 17.5% 12.8% 10.3% 12.6% 13.9% 15.2% 16.7%
ROA (Net income/ Total Assets) - - 6.18% 4.64% - 6.47% 7.6% 8.78%
Assets 1 - - 5,283 6,421 - 8,071 8,435 8,618
Book Value Per Share 2 3.840 4.180 4.570 5.010 5.590 6.130 6.870 7.600
Cash Flow per Share 2 0.7100 0.3500 - 0.1700 0.3100 0.8800 0.7800 1.000
Capex 1 71 80.4 - 344 141 126 137 161
Capex / Sales 3.21% 3.93% - 13.77% 4.79% 3.42% 3.15% 3.17%
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
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 Red Avenue New Materials Group Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
30.9 CNY
Average target price
35 CNY
Spread / Average Target
+13.27%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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