Financials China Kings Resources Group Co.,Ltd.

Equities

603505

CNE100002XN6

Non-Gold Precious Metals & Minerals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
33.28 CNY +2.68% Intraday chart for China Kings Resources Group Co.,Ltd. +6.50% +22.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,990 7,022 11,197 17,087 16,323 20,028 - -
Enterprise Value (EV) 1 4,990 7,022 11,197 17,087 16,323 20,028 20,028 20,028
P/E ratio 22.4 x 29.5 x 45.9 x 76.2 x 46.8 x 39.2 x 25.3 x 25.2 x
Yield 1.44% 1.02% 0.66% 0.4% 1.1% 0.75% 1.44% 1.65%
Capitalization / Revenue 6.17 x 7.99 x 10.7 x 16.3 x 8.61 x 5.65 x 4.4 x 3.89 x
EV / Revenue 6.17 x 7.99 x 10.7 x 16.3 x 8.61 x 5.65 x 4.4 x 3.89 x
EV / EBITDA 12,367,236 x 16,693,020 x - - - - - -
EV / FCF - - 60.5 x -36.8 x -16.3 x -46.9 x -67 x 51.2 x
FCF Yield - - 1.65% -2.72% -6.14% -2.13% -1.49% 1.95%
Price to Book 4.99 x 6.55 x 8.77 x 12.7 x 10.1 x 10.1 x 6.36 x 5.17 x
Nbr of stocks (in thousands) 611,520 606,507 605,730 603,791 601,226 601,803 - -
Reference price 2 8.159 11.58 18.48 28.30 27.15 33.28 33.28 33.28
Announcement Date 4/22/20 3/18/21 2/25/22 4/20/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 808.8 879.3 1,043 1,050 1,896 3,545 4,556 5,145
EBITDA 403.5 420.7 - - - - - -
EBIT 1 301.4 293.8 306.8 282.1 455.5 667 928 1,013
Operating Margin 37.27% 33.42% 29.41% 26.87% 24.03% 18.82% 20.37% 19.69%
Earnings before Tax (EBT) 1 297.5 291.4 301.3 275.2 450.3 665 925 1,009
Net income 1 222.5 238 244.9 222.4 348.9 513 795.4 797
Net margin 27.5% 27.06% 23.48% 21.18% 18.4% 14.47% 17.46% 15.49%
EPS 2 0.3650 0.3925 0.4031 0.3714 0.5800 0.8500 1.315 1.320
Free Cash Flow 1 - - 185 -464.2 -1,002 -427 -299 391
FCF margin - - 17.73% -44.2% -52.87% -12.05% -6.56% 7.6%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - 75.53% - - - - 49.06%
Dividend per Share 2 0.1177 0.1177 0.1224 0.1143 0.3000 0.2500 0.4800 0.5500
Announcement Date 4/22/20 3/18/21 2/25/22 4/20/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 399.3 - 233.8 397.1 168.2 390.7 595.7 741.3 448.1 717 1,093 1,360 412 958
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - 93.87 - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS - 0.1571 - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/25/22 8/8/22 10/25/22 4/20/23 4/20/23 8/14/23 10/25/23 3/28/24 4/22/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 185 -464 -1,002 -427 -299 391
ROE (net income / shareholders' equity) 24.3% 23.6% 20.6% 17.2% 23.5% 26% 28.9% 26.6%
ROA (Net income/ Total Assets) 13.3% 12.5% 11.8% 8.47% 8.64% 10.2% 10.2% 10.1%
Assets 1 1,672 1,897 2,076 2,627 4,036 5,029 7,798 7,891
Book Value Per Share 2 1.640 1.770 2.110 2.220 2.700 3.290 5.240 6.440
Cash Flow per Share 2 0.4800 0.5600 0.5600 0.5200 0.0100 1.460 1.950 2.270
Capex 1 180 139 158 780 1,010 1,000 1,000 700
Capex / Sales 22.31% 15.79% 15.12% 74.23% 53.29% 28.21% 21.95% 13.61%
Announcement Date 4/22/20 3/18/21 2/25/22 4/20/23 3/28/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
33.28
Average target price
-
Consensus

Quarterly revenue - Rate of surprise

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