C&S PAPER CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.64 CNY | +0.82% |
|
+7.33% | -13.60% |
| Apr. 25 | C&S Paper Co.,Ltd Proposes Final Dividend for the Year 2023 | CI |
| Apr. 24 | C&S Paper Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,571 | 27,325 | 21,514 | 17,664 | 13,097 | 11,329 | - | - |
| Enterprise Value (EV) 1 | 15,936 | 26,343 | 20,648 | 16,957 | 11,923 | 9,845 | 9,465 | 11,329 |
| P/E ratio | 26.7 x | 30.2 x | 38 x | 50.9 x | 38.5 x | 22.7 x | 19.2 x | 15.6 x |
| Yield | 0.59% | 0.48% | 0.6% | 0.45% | 0.6% | 0.97% | 1.2% | 1.43% |
| Capitalization / Revenue | 2.5 x | 3.49 x | 2.35 x | 2.06 x | 1.34 x | 1.04 x | 0.94 x | 0.85 x |
| EV / Revenue | 2.4 x | 3.37 x | 2.26 x | 1.98 x | 1.22 x | 0.9 x | 0.78 x | 0.85 x |
| EV / EBITDA | 16.2 x | 18.6 x | 19.9 x | 21 x | 15.4 x | 10.9 x | 9.24 x | 9.75 x |
| EV / FCF | - | - | 29,730,085 x | 220,622,294 x | - | - | - | - |
| FCF Yield | - | - | 0% | 0% | - | - | - | - |
| Price to Book | 4.07 x | 5.43 x | 4.47 x | 3.49 x | 2.44 x | 1.95 x | 1.83 x | 1.6 x |
| Nbr of stocks (in thousands) | 1,308,891 | 1,309,318 | 1,287,494 | 1,285,596 | 1,309,687 | 1,311,187 | - | - |
| Reference price 2 | 12.66 | 20.87 | 16.71 | 13.74 | 10.00 | 8.640 | 8.640 | 8.640 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/28/22 | 2/26/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,635 | 7,824 | 9,150 | 8,570 | 9,801 | 10,920 | 12,076 | 13,255 |
| EBITDA 1 | 982 | 1,415 | 1,040 | 806.1 | 776.8 | 902.8 | 1,024 | 1,162 |
| EBIT 1 | 719.5 | 1,104 | 675.7 | 400.6 | 363.4 | 518 | 635.8 | 712.6 |
| Operating Margin | 10.84% | 14.11% | 7.39% | 4.67% | 3.71% | 4.74% | 5.26% | 5.38% |
| Earnings before Tax (EBT) 1 | 721 | 1,088 | 667.5 | 409.2 | 363.4 | 563.7 | 674.9 | 755.9 |
| Net income 1 | 603.8 | 905.9 | 581.1 | 350 | 332.7 | 521.6 | 612.9 | 741.7 |
| Net margin | 9.1% | 11.58% | 6.35% | 4.08% | 3.4% | 4.78% | 5.08% | 5.6% |
| EPS 2 | 0.4750 | 0.6900 | 0.4400 | 0.2700 | 0.2600 | 0.3813 | 0.4494 | 0.5550 |
| Free Cash Flow | - | - | 694.5 | 76.86 | - | - | - | - |
| FCF margin | - | - | 7.59% | 0.9% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 66.79% | 9.53% | - | - | - | - |
| FCF Conversion (Net income) | - | - | 119.52% | 21.96% | - | - | - | - |
| Dividend per Share 2 | 0.0750 | 0.1000 | 0.1000 | 0.0620 | 0.0600 | 0.0840 | 0.1038 | 0.1236 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/28/22 | 2/26/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 4,248 | 2,875 | 1,884 | 2,483 | 1,746 | 2,456 | 2,061 | 2,625 | 2,138 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 116.3 | 160.3 | 105 | -118.9 | 95.28 | 103.9 | - | 91.05 | - |
| Operating Margin | - | 4.04% | 8.51% | 4.23% | -6.81% | 3.88% | 5.04% | - | 4.26% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | 407.2 | 96.67 | - | - | - | - | - | - | - | - |
| Net margin | 9.59% | 3.36% | - | - | - | - | - | - | - | - |
| EPS 1 | - | 0.0700 | 0.1000 | 0.0700 | 0.0400 | 0.0600 | 0.0700 | -0.0100 | 0.0600 | 0.1300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/30/21 | 2/28/22 | 4/27/22 | 8/30/22 | 10/25/22 | 2/26/23 | 4/19/23 | 8/27/23 | 10/25/23 | 4/24/24 |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 634 | 982 | 866 | 707 | 1,173 | 1,483 | 1,863 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | 695 | 76.9 | - | - | - | - |
| ROE (net income / shareholders' equity) | 16.4% | 19.9% | 11.8% | 6.94% | 6.25% | 8.16% | 9.27% | 9.32% |
| ROA (Net income/ Total Assets) | 10.8% | 13.4% | 7.75% | - | - | 5.21% | 5.09% | 6.71% |
| Assets 1 | 5,586 | 6,752 | 7,498 | - | - | 10,021 | 12,033 | 11,054 |
| Book Value Per Share 2 | 3.110 | 3.840 | 3.740 | 3.940 | 4.100 | 4.430 | 4.730 | 5.400 |
| Cash Flow per Share 2 | 1.040 | 0.6300 | 1.010 | 0.3000 | 0.9300 | 0.6900 | 0.7900 | 0.6600 |
| Capex 1 | 602 | 463 | 625 | 315 | 455 | 487 | 467 | 447 |
| Capex / Sales | 9.07% | 5.92% | 6.83% | 3.67% | 4.64% | 4.46% | 3.87% | 3.37% |
| Announcement Date | 2/28/20 | 2/26/21 | 2/28/22 | 2/26/23 | 4/24/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
8.64
CNY
Average target price
9.34
CNY
Spread / Average Target
+8.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.60% | 1.56B | |
| +11.30% | 45.54B | |
| -9.06% | 17.38B | |
| -9.81% | 3.89B | |
| +3.08% | 3.6B | |
| +40.30% | 1.26B | |
| +13.83% | 928M | |
| +24.39% | 820M | |
| +25.47% | 436M | |
| -22.09% | 370M |
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