Financials Chengxin Lithium Group Co., Ltd.

Equities

002240

CNE100000BN6

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
17.75 ^CNY	+1.95%		-3.95%	-21.98%

Mar. 31	Tranche Update on Chengxin Lithium Group Co., Ltd.'s Equity Buyback Plan announced on October 29, 2023.	CI
Mar. 28	Chengxin Lithium Group Co., Ltd. Announces Profit Distribution Proposal for 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,190	18,217	49,896	34,025	20,872	16,172	-	-
Enterprise Value (EV) ¹	5,190	18,217	49,896	31,163	23,422	12,378	11,599	16,172
P/E ratio	-72.3 x	611 x	54.2 x	5.87 x	29.5 x	16.2 x	12.7 x	10.2 x
Yield	-	-	0.17%	1.73%	1.05%	1.69%	1.92%	3.15%
Capitalization / Revenue	2.28 x	10.2 x	17 x	2.83 x	2.63 x	2.3 x	1.88 x	1.58 x
EV / Revenue	2.28 x	10.2 x	17 x	2.59 x	2.95 x	1.76 x	1.35 x	1.58 x
EV / EBITDA	57 x	-	40 x	4.47 x	20.7 x	8.54 x	6.45 x	-
EV / FCF	-	-	-315,376,556 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	2.06 x	5.69 x	9.84 x	2.69 x	1.62 x	1.17 x	1.09 x	1.02 x
Nbr of stocks (in thousands)	652,875	745,378	861,019	907,565	917,455	911,101	-	-
Reference price ²	7.950	24.44	57.95	37.49	22.75	17.75	17.75	17.75
Announcement Date	4/14/20	4/12/21	3/28/22	3/6/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,279	1,791	2,934	12,039	7,951	7,033	8,586	10,255
EBITDA ¹	91.04	-	1,246	6,969	1,134	1,449	1,798	-
EBIT ¹	-64.98	25.36	1,107	6,755	747.9	1,272	1,548	1,931
Operating Margin	-2.85%	1.42%	37.74%	56.11%	9.41%	18.09%	18.03%	18.83%
Earnings before Tax (EBT) ¹	-66.76	16.55	1,050	6,737	760.3	1,255	1,606	1,928
Net income ¹	-59.24	27.17	850.6	5,552	702.2	1,007	1,289	1,606
Net margin	-2.6%	1.52%	28.99%	46.12%	8.83%	14.32%	15.02%	15.66%
EPS ²	-0.1100	0.0400	1.070	6.390	0.7700	1.095	1.402	1.740
Free Cash Flow	-	-	-158.2	-	-	-	-	-
FCF margin	-	-	-5.39%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1000	0.6500	0.2400	0.3000	0.3400	0.5600
Announcement Date	4/14/20	4/12/21	3/28/22	3/6/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income	1,331	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-
EPS ¹	1.560	0.1600	0.5300	-0.4300	0.2400	0.2500	0.2500	0.2600
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	10/24/22	8/29/23	10/27/23	3/27/24	-	-	-	-

¹CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	2,550	-	-	-
Net Cash position ¹	-	-	-	2,862	-	3,794	4,573	-
Leverage (Debt/EBITDA)	-	-	-	-	2.249 x	-	-	-
Free Cash Flow	-	-	-158	-	-	-	-	-
ROE (net income / shareholders' equity)	-2.54%	0.89%	16.7%	68.7%	5.5%	6.87%	8.71%	9.9%
ROA (Net income/ Total Assets)	-	-	-	43.2%	-	7%	8.9%	11.9%
Assets ¹	-	-	-	12,866	-	14,391	14,486	13,493
Book Value Per Share ²	3.860	4.290	5.890	14.00	14.10	15.10	16.20	17.40
Cash Flow per Share ²	0.0300	-0.3000	0.2500	-	1.660	2.850	1.380	2.090
Capex ¹	395	330	377	1,036	-	1,125	1,125	1,125
Capex / Sales	17.34%	18.44%	12.85%	8.61%	-	15.99%	13.1%	10.97%
Announcement Date	4/14/20	4/12/21	3/28/22	3/6/23	3/27/24	-	-	-

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

Ratings for Chengxin Lithium Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

17.75 CNY

Average target price

17.45 CNY

Spread / Average Target

-1.69%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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