Financials Anhui Guangxin Agrochemical Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
14.8 ^CNY	-1.53%		-4.27%	+2.07%

Apr. 25	Anhui Guangxin Agrochemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 25	Anhui Guangxin Agrochemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,966	11,062	17,995	19,025	13,135	13,407	-	-
Enterprise Value (EV) ¹	6,966	11,062	17,995	19,025	13,135	13,407	13,407	13,407
P/E ratio	13.8 x	18.9 x	12.3 x	8.26 x	9.18 x	8.78 x	6.46 x	5.34 x
Yield	-	1.79%	2.56%	3.4%	4.14%	3.72%	4.8%	-
Capitalization / Revenue	2.24 x	3.25 x	3.24 x	2.1 x	2.24 x	1.96 x	1.54 x	1.36 x
EV / Revenue	2.24 x	3.25 x	3.24 x	2.1 x	2.24 x	1.96 x	1.54 x	1.36 x
EV / EBITDA	12 x	12.4 x	9.42 x	6.34 x	6.53 x	7.52 x	5.42 x	4.96 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.37 x	1.97 x	2.6 x	2.2 x	1.39 x	1.25 x	1.08 x	0.9 x
Nbr of stocks (in thousands)	910,771	904,551	904,385	905,957	905,869	905,869	-	-
Reference price ²	7.648	12.23	19.90	21.00	14.50	14.80	14.80	14.80
Announcement Date	4/28/20	4/27/21	4/27/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,110	3,402	5,550	9,062	5,868	6,855	8,689	9,862
EBITDA ¹	578.1	890.8	1,910	3,000	2,013	1,783	2,474	2,705
EBIT ¹	571.3	661.4	1,683	2,716	1,711	1,792	2,405	2,898
Operating Margin	18.37%	19.44%	30.32%	29.97%	29.16%	26.15%	27.67%	29.39%
Earnings before Tax (EBT) ¹	576.2	670.1	1,688	2,713	1,647	1,758	2,382	2,898
Net income ¹	505.7	588.7	1,479	2,316	1,439	1,532	2,083	2,519
Net margin	16.26%	17.3%	26.66%	25.55%	24.52%	22.36%	23.97%	25.54%
EPS ²	0.5561	0.6480	1.622	2.543	1.580	1.685	2.290	2.770
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2194	0.5102	0.7143	0.6000	0.5500	0.7100	-
Announcement Date	4/28/20	4/27/21	4/27/22	4/24/23	4/25/24	-	-	-

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)	10.4%	10.9%	23.6%	30.7%	15.7%	14.4%	16.8%	16.8%
ROA (Net income/ Total Assets)	-	8.43%	16.9%	19.3%	-	8.2%	9.3%	-
Assets ¹	-	6,982	8,760	12,002	-	18,689	22,398	-
Book Value Per Share ²	5.580	6.190	7.640	9.530	10.40	11.80	13.70	16.40
Cash Flow per Share ²	0.7600	0.7600	1.550	3.220	0.8000	2.460	1.790	2.610
Capex ¹	222	231	239	524	68.1	368	369	226
Capex / Sales	7.15%	6.79%	4.3%	5.78%	1.16%	5.37%	4.25%	2.29%
Announcement Date	4/28/20	4/27/21	4/27/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.8 CNY

Average target price

23.94 CNY

Spread / Average Target

+61.76%

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