Financials Anhui Xinbo Aluminum Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
27.88 ^CNY	-0.92%		-1.83%	-18.84%

Apr. 26	Anhui Xinbo Aluminum Co., Ltd. Proposes Final Cash Dividend for the Year 2023	CI
Apr. 25	Anhui Xinbo Aluminum Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,873	6,507	5,046	4,975	-	-
Enterprise Value (EV) ¹	7,873	6,507	5,046	4,975	4,975	4,975
P/E ratio	62.2 x	32.4 x	16.5 x	9.09 x	6.73 x	6.99 x
Yield	0.41%	0.45%	1.16%	1.04%	1.49%	-
Capitalization / Revenue	3.03 x	1.54 x	0.74 x	0.45 x	0.37 x	0.29 x
EV / Revenue	3.03 x	1.54 x	0.74 x	0.45 x	0.37 x	0.29 x
EV / EBITDA	50.4 x	26.2 x	11.4 x	6.18 x	4.78 x	4.18 x
EV / FCF	-	-5.64 x	-3.13 x	-18.1 x	16.5 x	-
FCF Yield	-	-17.7%	-31.9%	-5.53%	6.05%	-
Price to Book	7.87 x	3.45 x	1.65 x	1.42 x	1.25 x	1.06 x
Nbr of stocks (in thousands)	127,725	147,622	146,911	178,430	-	-
Reference price ²	61.64	44.08	34.35	27.88	27.88	27.88
Announcement Date	2/24/22	3/20/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,287	2,597	4,221	6,821	11,138	13,512	17,105
EBITDA ¹	-	156.1	248.1	441	805	1,042	1,189
EBIT ¹	-	112.8	169.7	284.2	547.8	745.2	736
Operating Margin	-	4.34%	4.02%	4.17%	4.92%	5.52%	4.3%
Earnings before Tax (EBT) ¹	-	124.1	204.4	326.3	558.5	757.8	772
Net income ¹	-	121	188	302.4	496.8	671	712
Net margin	-	4.66%	4.45%	4.43%	4.46%	4.97%	4.16%
EPS ²	0.9500	0.9917	1.360	2.080	3.068	4.140	3.990
Free Cash Flow ¹	-	-	-1,155	-1,611	-275	301	-
FCF margin	-	-	-27.35%	-23.61%	-2.47%	2.23%	-
FCF Conversion (EBITDA)	-	-	-	-	-	28.9%	-
FCF Conversion (Net income)	-	-	-	-	-	44.86%	-
Dividend per Share ²	-	0.2500	0.2000	0.4000	0.2900	0.4150	-
Announcement Date	1/28/21	2/24/22	3/20/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-1,155	-1,611	-275	301	-
ROE (net income / shareholders' equity)	-	17.7%	12.6%	14.5%	14.6%	19%	15.1%
ROA (Net income/ Total Assets)	-	7.99%	8.12%	-	5.1%	7.2%	4.8%
Assets ¹	-	1,515	2,315	-	9,740	9,319	14,833
Book Value Per Share ²	-	7.830	12.80	20.80	19.70	22.40	26.40
Cash Flow per Share ²	-	-3.150	-2.290	-4.370	-1.290	1.290	-
Capex ¹	-	339	817	969	560	345	558
Capex / Sales	-	13.04%	19.35%	14.21%	5.03%	2.56%	3.26%
Announcement Date	1/28/21	2/24/22	3/20/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27.88 CNY

Average target price

42.5 CNY

Spread / Average Target

+52.44%

	1st Jan change	Capi.
ANHUI XINBO ALUMINUM CO., LTD.	-18.84%	687M
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SHANGHAI HUAFON ALUMINIUM CORPORATION	+10.75%	2.74B
HENAN MINGTAI AL.INDUSTRIAL CO.,LTD.	+8.29%	2.11B
UACJ CORPORATION	+25.71%	1.53B
JIANGSU DINGSHENG NEW MATERIALS JOINT-STOCK CO.,LTD	-16.84%	1.28B
SHANDONG HONTRON ALUMINUM INDUSTRY HOLDING COMPANY LIMITED	+15.86%	826M
ZYF LOPSKING ALUMINUM CO., LTD.	-6.74%	568M
JIANGSU ALCHA ALUMINIUM GROUP CO., LTD.	-18.85%	485M
NANTONG HAIXING ELECTRONICS CO., LTD.	-17.83%	398M