BENGANG STEEL PLATES CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.26 CNY | 0.00% |
|
-1.81% | -8.68% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 12,408 | 14,415 | 11,626 | 16,435 | 11,484 | 13,772 |
| Enterprise Value (EV) 1 | 15,227 | 14,752 | 14,991 | 22,669 | 21,046 | 21,109 |
| P/E ratio | 12.4 x | 27.6 x | 32.3 x | 8.46 x | -9.83 x | -8.42 x |
| Yield | 1.49% | - | 0.31% | 25.5% | - | - |
| Capitalization / Revenue | 0.25 x | 0.27 x | 0.24 x | 0.21 x | 0.18 x | 0.24 x |
| EV / Revenue | 0.3 x | 0.28 x | 0.31 x | 0.29 x | 0.34 x | 0.37 x |
| EV / EBITDA | 3.12 x | 4 x | 4.94 x | 3.5 x | 17.4 x | 277 x |
| EV / FCF | 3.56 x | 3.59 x | -5.02 x | -22.3 x | -443 x | 4.56 x |
| FCF Yield | 28.1% | 27.9% | -19.9% | -4.49% | -0.23% | 21.9% |
| Price to Book | 0.68 x | 0.78 x | 0.59 x | 0.77 x | 0.65 x | 0.86 x |
| Nbr of stocks (in thousands) | 3,875,372 | 3,875,372 | 3,875,372 | 4,108,157 | 4,108,211 | 4,108,218 |
| Reference price 2 | 3.360 | 3.940 | 3.200 | 4.200 | 2.950 | 3.570 |
| Announcement Date | 4/18/19 | 4/23/20 | 4/27/21 | 3/25/22 | 3/29/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 50,182 | 52,741 | 48,685 | 77,912 | 62,617 | 57,815 |
| EBITDA 1 | 4,875 | 3,690 | 3,037 | 6,483 | 1,207 | 76.34 |
| EBIT 1 | 2,522 | 1,251 | 839.9 | 4,143 | -741.4 | -1,559 |
| Operating Margin | 5.03% | 2.37% | 1.73% | 5.32% | -1.18% | -2.7% |
| Earnings before Tax (EBT) 1 | 1,054 | 575.8 | 416.9 | 3,435 | -1,081 | -1,576 |
| Net income 1 | 1,036 | 555.6 | 384.3 | 2,501 | -1,233 | -1,743 |
| Net margin | 2.07% | 1.05% | 0.79% | 3.21% | -1.97% | -3.01% |
| EPS 2 | 0.2720 | 0.1430 | 0.0990 | 0.4964 | -0.3000 | -0.4240 |
| Free Cash Flow 1 | 4,280 | 4,113 | -2,987 | -1,018 | -47.54 | 4,628 |
| FCF margin | 8.53% | 7.8% | -6.13% | -1.31% | -0.08% | 8% |
| FCF Conversion (EBITDA) | 87.81% | 111.48% | - | - | - | 6,062.6% |
| FCF Conversion (Net income) | 412.94% | 740.28% | - | - | - | - |
| Dividend per Share 2 | 0.0500 | - | 0.0100 | 1.073 | - | - |
| Announcement Date | 4/18/19 | 4/23/20 | 4/27/21 | 3/25/22 | 3/29/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,819 | 337 | 3,364 | 6,235 | 9,562 | 7,337 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5784 x | 0.0913 x | 1.108 x | 0.9616 x | 7.92 x | 96.11 x |
| Free Cash Flow 1 | 4,280 | 4,113 | -2,987 | -1,018 | -47.5 | 4,628 |
| ROE (net income / shareholders' equity) | 6.01% | 2.81% | 1.88% | 11.4% | -5.68% | -9.03% |
| ROA (Net income/ Total Assets) | 2.57% | 1.3% | 0.83% | 4.31% | -0.93% | -2.15% |
| Assets 1 | 40,321 | 42,768 | 46,024 | 58,021 | 132,067 | 81,065 |
| Book Value Per Share 2 | 4.940 | 5.030 | 5.420 | 5.480 | 4.570 | 4.140 |
| Cash Flow per Share 2 | 4.280 | 4.750 | 3.390 | 2.150 | 0.3600 | 0.5300 |
| Capex 1 | 589 | 4,546 | 1,014 | 1,305 | 1,707 | 993 |
| Capex / Sales | 1.17% | 8.62% | 2.08% | 1.67% | 2.73% | 1.72% |
| Announcement Date | 4/18/19 | 4/23/20 | 4/27/21 | 3/25/22 | 3/29/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.68% | 1.75B | |
| +1.53% | 26.12B | |
| +18.55% | 21.07B | |
| -7.41% | 11.96B | |
| +25.73% | 11.32B | |
| +10.61% | 10.83B | |
| +10.96% | 10.16B | |
| +1.48% | 8.46B | |
| +3.54% | 7.16B | |
| +25.25% | 6.91B |
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- Financials Bengang Steel Plates Co., Ltd.
