Financials Asia Cuanon Technology (Shanghai) Co.,Ltd.

Equities

603378

CNE100002VH2

Commodity Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.94 CNY +1.37% Intraday chart for Asia Cuanon Technology (Shanghai) Co.,Ltd. +5.32% -29.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,599 4,292 8,698 7,656 4,949 2,544 2,544 -
Enterprise Value (EV) 1 2,599 4,292 8,698 8,240 4,949 2,544 2,544 2,544
P/E ratio 44.5 x 37.8 x 26.4 x -14 x 48 x 18.7 x 9.2 x 6.63 x
Yield - - 1.08% - 0.65% 2.6% 3.97% 7.14%
Capitalization / Revenue 1.56 x 1.77 x 2.48 x 1.62 x 1.59 x 0.74 x 0.63 x 0.51 x
EV / Revenue 1.56 x 1.77 x 2.48 x 1.62 x 1.59 x 0.74 x 0.63 x 0.51 x
EV / EBITDA - 23.3 x 20.4 x -13.8 x 23.8 x 5.06 x 3.69 x 2.99 x
EV / FCF - - - -3,636,418 x - - - -
FCF Yield - - - -0% - - - -
Price to Book - 3.18 x 4.3 x 4.75 x 2.88 x 1.44 x 1.29 x 1.15 x
Nbr of stocks (in thousands) 409,567 404,264 428,176 431,463 429,201 428,279 428,279 -
Reference price 2 6.345 10.62 20.31 17.74 11.53 5.940 5.940 5.940
Announcement Date 4/19/19 4/17/20 1/27/21 4/29/22 4/27/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,662 2,425 3,507 4,715 3,108 3,457 4,038 4,983
EBITDA 1 - 184.3 426.7 -556.1 207.7 502.4 689.6 850.3
EBIT 1 - 126.9 347.7 -699 107.1 160.6 273.8 359.4
Operating Margin - 5.23% 9.91% -14.82% 3.45% 4.64% 6.78% 7.21%
Earnings before Tax (EBT) 1 - 128.4 346.2 -701.1 103.3 158.7 327.3 454.7
Net income 1 - 114.2 315.6 -544 105.7 137.1 278 386.5
Net margin - 4.71% 9% -11.54% 3.4% 3.97% 6.89% 7.76%
EPS 2 0.1427 0.2806 0.7705 -1.269 0.2400 0.3175 0.6459 0.8958
Free Cash Flow - - - -2,105 - - - -
FCF margin - - - -44.65% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.2188 - 0.0750 0.1546 0.2359 0.4240
Announcement Date 4/19/19 4/17/20 1/27/21 4/29/22 4/27/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1 2023 Q3 2024 Q1
Net sales 1 - 901.7 442
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 39.21 41.77 -39
Net margin - 4.63% -8.82%
EPS 0.0900 - -
Dividend per Share - - -
Announcement Date 8/24/23 10/30/23 -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - 583 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - -1.049 x - - - -
Free Cash Flow - - - -2,105 - - - -
ROE (net income / shareholders' equity) - 8.53% 20.9% -31.4% 6.32% 7.79% 13.8% 16.4%
ROA (Net income/ Total Assets) - - 7.54% -8.76% 1.54% 2.1% 3.2% -
Assets 1 - - 4,187 6,209 6,883 6,530 8,689 -
Book Value Per Share 2 - 3.340 4.720 3.740 4.000 4.130 4.600 5.160
Cash Flow per Share 2 - 1.040 0.5800 -2.370 0.7500 0.7200 1.460 1.150
Capex 1 - 238 241 1,080 399 477 326 519
Capex / Sales - 9.8% 6.88% 22.9% 12.83% 13.81% 8.07% 10.41%
Announcement Date 4/19/19 4/17/20 1/27/21 4/29/22 4/27/23 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
5.94 CNY
Average target price
11.3 CNY
Spread / Average Target
+90.15%
Consensus

Annual profits - Rate of surprise

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