Financials China-Singapore Suzhou Industrial Park Development Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7.63 ^CNY	+1.33%		-7.96%	-1.04%

Apr. 26	China-Singapore Suzhou Industrial Park Development Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 19	China-Singapore Suzhou Industrial Park Development Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	20,835	14,899	13,565	11,976	11,556	11,437	-	-
Enterprise Value (EV) ¹	20,835	14,899	13,565	11,976	11,556	11,437	11,437	11,437
P/E ratio	17.4 x	11.4 x	8.87 x	7.47 x	8.47 x	8.38 x	6.28 x	7.63 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.92 x	4.36 x	3.46 x	2.53 x	3.16 x	2.31 x	2.15 x	3.08 x
EV / Revenue	3.92 x	4.36 x	3.46 x	2.53 x	3.16 x	2.31 x	2.15 x	3.08 x
EV / EBITDA	10.3 x	6.74 x	5.09 x	3.98 x	5.63 x	4.91 x	3.9 x	4.33 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.06 x	1.35 x	1.11 x	0.9 x	0.81 x	0.75 x	0.67 x	0.66 x
Nbr of stocks (in thousands)	1,498,890	1,498,890	1,498,890	1,498,890	1,498,890	1,498,890	-	-
Reference price ²	13.90	9.940	9.050	7.990	7.710	7.630	7.630	7.630
Announcement Date	4/15/20	4/15/21	4/15/22	4/20/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,311	3,414	3,917	4,742	3,657	4,941	5,308	3,710
EBITDA ¹	2,019	2,212	2,666	3,006	2,054	2,331	2,932	2,644
EBIT ¹	1,900	2,080	2,513	2,848	1,897	2,741	2,954	2,250
Operating Margin	35.78%	60.91%	64.16%	60.06%	51.88%	55.47%	55.65%	60.65%
Earnings before Tax (EBT) ¹	1,901	2,078	2,514	2,852	2,012	2,019	2,981	2,319
Net income ¹	1,084	1,307	1,522	1,608	1,362	1,367	1,823	1,499
Net margin	20.4%	38.3%	38.85%	33.91%	37.25%	27.67%	34.34%	40.4%
EPS ²	0.8000	0.8700	1.020	1.070	0.9100	0.9100	1.215	1.000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/15/20	4/15/21	4/15/22	4/20/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.2%	12.4%	13.1%	12.6%	9.91%	7.59%	10.1%	7.73%
ROA (Net income/ Total Assets)	-	-	-	-	-	5.1%	5.1%	-
Assets ¹	-	-	-	-	-	26,804	35,745	-
Book Value Per Share ²	6.760	7.370	8.120	8.900	9.490	10.10	11.30	11.50
Cash Flow per Share ²	-1.120	-0.5600	0.2500	0.7800	1.180	0.9000	0.2100	0.9000
Capex ¹	712	811	927	724	951	291	181	187
Capex / Sales	13.4%	23.75%	23.68%	15.26%	26.01%	5.89%	3.41%	5.05%
Announcement Date	4/15/20	4/15/21	4/15/22	4/20/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.63 CNY

Average target price

11.37 CNY

Spread / Average Target

+49.02%

	1st Jan change	Capi.
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