Financials Anhui Shenjian New Materials Co.,Ltd

Equities

002361

CNE100000LX4

Commodity Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
3.42 CNY -0.87% Intraday chart for Anhui Shenjian New Materials Co.,Ltd +2.70% -12.98%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,049 3,571 4,560 5,221 3,795 3,738
Enterprise Value (EV) 1 3,314 3,992 5,193 5,601 4,427 4,515
P/E ratio 40.4 x 29.1 x 55.8 x 54.9 x 133 x 147 x
Yield 2.75% 2.29% 1.79% 1.82% 2.51% -
Capitalization / Revenue 1.57 x 1.72 x 2.44 x 2.01 x 1.51 x 1.45 x
EV / Revenue 1.71 x 1.92 x 2.78 x 2.16 x 1.76 x 1.76 x
EV / EBITDA 20.9 x 16.1 x 26.4 x 24.4 x 36.6 x 24.8 x
EV / FCF -58.2 x -52.4 x -85 x -18.6 x -97.6 x 75.5 x
FCF Yield -1.72% -1.91% -1.18% -5.39% -1.02% 1.32%
Price to Book 1.65 x 2.1 x 2.87 x 2.15 x 1.61 x 1.64 x
Nbr of stocks (in thousands) 837,574 817,173 817,173 951,035 951,035 951,035
Reference price 2 3.640 4.370 5.580 5.490 3.990 3.930
Announcement Date 4/28/19 4/29/20 4/29/21 4/27/22 4/27/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,938 2,079 1,869 2,591 2,516 2,571
EBITDA 1 158.9 248.4 197 229.4 120.9 182
EBIT 1 98.53 180.2 116.7 123 18.43 83.86
Operating Margin 5.08% 8.67% 6.24% 4.75% 0.73% 3.26%
Earnings before Tax (EBT) 1 88.01 148.1 92.87 83.46 20.39 9.07
Net income 1 77.33 125.2 83.72 84.31 26.9 25.44
Net margin 3.99% 6.02% 4.48% 3.25% 1.07% 0.99%
EPS 2 0.0900 0.1500 0.1000 0.1000 0.0300 0.0267
Free Cash Flow 1 -56.94 -76.16 -61.07 -301.9 -45.35 59.78
FCF margin -2.94% -3.66% -3.27% -11.65% -1.8% 2.32%
FCF Conversion (EBITDA) - - - - - 32.85%
FCF Conversion (Net income) - - - - - 234.99%
Dividend per Share 2 0.1000 0.1000 0.1000 0.1000 0.1000 -
Announcement Date 4/28/19 4/29/20 4/29/21 4/27/22 4/27/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 265 421 633 380 632 777
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.669 x 1.694 x 3.215 x 1.657 x 5.232 x 4.271 x
Free Cash Flow 1 -56.9 -76.2 -61.1 -302 -45.4 59.8
ROE (net income / shareholders' equity) 4.18% 7.12% 4.61% 3.68% 0.9% 0.79%
ROA (Net income/ Total Assets) 1.88% 3.21% 2.04% 1.93% 0.26% 1.12%
Assets 1 4,118 3,898 4,114 4,367 10,468 2,262
Book Value Per Share 2 2.210 2.080 1.940 2.560 2.480 2.390
Cash Flow per Share 2 0.6300 0.6900 0.4000 0.6700 0.8500 0.8000
Capex 1 124 203 114 223 39.8 240
Capex / Sales 6.39% 9.77% 6.1% 8.6% 1.58% 9.32%
Announcement Date 4/28/19 4/29/20 4/29/21 4/27/22 4/27/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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