CHINA STEEL CHEMICAL CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 115 TWD | +1.77% |
|
+2.68% | -2.95% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 28,438 | 25,188 | 27,974 | 24,492 | 27,510 | 26,697 |
| Enterprise Value (EV) 1 | 28,977 | 26,078 | 28,936 | 24,273 | 27,732 | 25,709 |
| P/E ratio | 22 x | 35.2 x | 25.5 x | 14.4 x | 19.2 x | 17.5 x |
| Yield | 4.08% | 2.58% | 3.32% | 4.74% | 3.38% | 5.13% |
| Capitalization / Revenue | 3.77 x | 4.7 x | 3.58 x | 2.34 x | 3.31 x | 3.17 x |
| EV / Revenue | 3.84 x | 4.86 x | 3.71 x | 2.32 x | 3.33 x | 3.06 x |
| EV / EBITDA | 15.4 x | 20.9 x | 18.8 x | 10.8 x | 14 x | 11 x |
| EV / FCF | 28.1 x | 28.6 x | 24.8 x | 10.2 x | 49.6 x | 17.5 x |
| FCF Yield | 3.56% | 3.49% | 4.04% | 9.79% | 2.01% | 5.71% |
| Price to Book | 4.07 x | 3.86 x | 3.81 x | 3.06 x | 3.35 x | 2.74 x |
| Nbr of stocks (in thousands) | 232,150 | 232,150 | 232,150 | 232,150 | 232,150 | 232,150 |
| Reference price 2 | 122.5 | 108.5 | 120.5 | 105.5 | 118.5 | 115.0 |
| Announcement Date | 3/18/20 | 2/23/21 | 2/24/22 | 2/20/23 | 2/27/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,542 | 5,364 | 7,810 | 10,460 | 8,318 | 8,415 |
| EBITDA 1 | 1,878 | 1,246 | 1,536 | 2,247 | 1,985 | 2,331 |
| EBIT 1 | 1,442 | 769.9 | 1,066 | 1,786 | 1,519 | 1,683 |
| Operating Margin | 19.12% | 14.35% | 13.66% | 17.08% | 18.27% | 20% |
| Earnings before Tax (EBT) 1 | 1,595 | 851 | 1,310 | 2,078 | 1,733 | 1,870 |
| Net income 1 | 1,293 | 716.9 | 1,098 | 1,703 | 1,436 | 1,543 |
| Net margin | 17.14% | 13.37% | 14.06% | 16.28% | 17.26% | 18.34% |
| EPS 2 | 5.560 | 3.080 | 4.720 | 7.330 | 6.170 | 6.557 |
| Free Cash Flow 1 | 1,032 | 910.5 | 1,168 | 2,377 | 558.8 | 1,468 |
| FCF margin | 13.68% | 16.98% | 14.96% | 22.73% | 6.72% | 17.45% |
| FCF Conversion (EBITDA) | 54.95% | 73.08% | 76.06% | 105.81% | 28.15% | 62.98% |
| FCF Conversion (Net income) | 79.82% | 127.01% | 106.34% | 139.6% | 38.92% | 95.14% |
| Dividend per Share 2 | 5.000 | 2.800 | 4.000 | 5.000 | 4.000 | 5.900 |
| Announcement Date | 3/18/20 | 2/23/21 | 2/24/22 | 2/20/23 | 2/27/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,296 | 1,893 | 2,373 | 3,242 | 2,609 | 2,236 | 2,271 | 2,294 | 1,839 | 1,914 | 1,729 | 2,325 | 2,170 | 2,191 |
| EBITDA 1 | - | 238.8 | 487.6 | 732.4 | 529.5 | 494.7 | 496.2 | - | 410.5 | 428.1 | 391.7 | 649 | 649 | 583 |
| EBIT 1 | 371.1 | 127.2 | 377.3 | 620 | 413.3 | 375.8 | 379.6 | 532.7 | 294.2 | 312.9 | 277.5 | 553 | 409 | 410 |
| Operating Margin | 16.16% | 6.72% | 15.9% | 19.12% | 15.84% | 16.81% | 16.71% | 23.22% | 16% | 16.35% | 16.05% | 23.78% | 18.85% | 18.71% |
| Earnings before Tax (EBT) 1 | 404.1 | 279.8 | 420.8 | 667.7 | 545.5 | 444.1 | 400 | 575.7 | 414.8 | 343 | 328.2 | 592 | 508 | 448 |
| Net income 1 | 330 | 243.9 | 343.4 | 558.4 | 448.2 | 352.8 | 326.2 | 481.8 | 337.4 | 290.4 | 277.6 | 498 | 415 | 377 |
| Net margin | 14.37% | 12.88% | 14.47% | 17.22% | 17.18% | 15.78% | 14.36% | 21.01% | 18.35% | 15.17% | 16.05% | 21.42% | 19.12% | 17.21% |
| EPS 2 | 1.420 | 1.050 | 1.480 | 2.410 | 1.930 | 1.510 | 1.400 | 2.080 | 1.450 | 1.250 | 1.190 | 2.100 | 1.750 | 1.590 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/1/21 | 2/24/22 | 5/5/22 | 8/1/22 | 11/1/22 | 2/20/23 | 5/2/23 | 8/1/23 | 11/1/23 | 2/27/24 | 4/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 539 | 890 | 962 | - | 223 | - |
| Net Cash position 1 | - | - | - | 219 | - | 988 |
| Leverage (Debt/EBITDA) | 0.2869 x | 0.7144 x | 0.6267 x | - | 0.1122 x | - |
| Free Cash Flow 1 | 1,032 | 911 | 1,168 | 2,377 | 559 | 1,468 |
| ROE (net income / shareholders' equity) | 18.5% | 10.6% | 15.8% | 22.2% | 17.7% | 20.5% |
| ROA (Net income/ Total Assets) | 10.9% | 6.04% | 9.4% | 14.8% | 12.7% | 13.5% |
| Assets 1 | 11,904 | 11,867 | 11,688 | 11,471 | 11,296 | 11,430 |
| Book Value Per Share 2 | 30.10 | 28.10 | 31.70 | 34.40 | 35.40 | 42.00 |
| Cash Flow per Share 2 | - | 4.380 | 5.910 | 11.30 | 4.760 | 9.030 |
| Capex 1 | 510 | 109 | 207 | 252 | 549 | 279 |
| Capex / Sales | 6.76% | 2.03% | 2.65% | 2.41% | 6.59% | 3.32% |
| Announcement Date | 3/18/20 | 2/23/21 | 2/24/22 | 2/20/23 | 2/27/24 | - |
1TWD in Million2TWD
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
D
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
115
TWD
Average target price
128.5
TWD
Spread / Average Target
+11.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.95% | 804M | |
| +4.70% | 103B | |
| +2.40% | 65.6B | |
| +42.86% | 39.06B | |
| +16.96% | 37.58B | |
| +6.96% | 33.26B | |
| +7.89% | 19.22B | |
| +12.12% | 16.83B | |
| +12.08% | 15.03B | |
| +17.69% | 14.96B |
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- Financials China Steel Chemical Corporation
