Financials China West Construction Group Co., Ltd

Equities

002302

CNE100000H77

Construction Materials

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.93 CNY +1.72% Intraday chart for China West Construction Group Co., Ltd -14.06% -8.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11,159 14,252 11,083 10,137 9,152 8,180
Enterprise Value (EV) 1 10,152 10,496 7,097 6,496 8,179 8,033
P/E ratio 36.8 x 21.7 x 14.1 x 12 x 17.4 x 13.2 x
Yield 0.79% 0.75% 1.03% 1.18% 1.31% 1.77%
Capitalization / Revenue 0.59 x 0.62 x 0.47 x 0.38 x 0.37 x 0.36 x
EV / Revenue 0.54 x 0.46 x 0.3 x 0.24 x 0.33 x 0.35 x
EV / EBITDA 10.1 x 7.01 x 4.71 x 4.12 x 6.39 x 6.05 x
EV / FCF -13.5 x 14 x 44.5 x -16.2 x 40.4 x -124 x
FCF Yield -7.41% 7.15% 2.25% -6.17% 2.47% -0.81%
Price to Book 1.71 x 1.99 x 1.42 x 1.18 x 1.02 x 0.88 x
Nbr of stocks (in thousands) 1,262,354 1,262,354 1,262,354 1,262,354 1,262,354 1,262,354
Reference price 2 8.840 11.29 8.780 8.030 7.250 6.480
Announcement Date 4/1/19 4/9/20 4/2/21 4/1/22 4/7/23 4/2/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 18,849 22,896 23,423 26,926 24,856 22,863
EBITDA 1 1,004 1,498 1,508 1,578 1,280 1,328
EBIT 1 608.6 1,079 1,175 1,259 984.5 1,027
Operating Margin 3.23% 4.71% 5.02% 4.67% 3.96% 4.49%
Earnings before Tax (EBT) 1 489.6 896 1,150 1,187 886.1 905
Net income 1 303.4 660.7 784.2 844.8 550.6 644.9
Net margin 1.61% 2.89% 3.35% 3.14% 2.22% 2.82%
EPS 2 0.2400 0.5200 0.6212 0.6692 0.4157 0.4904
Free Cash Flow 1 -752.6 750.2 159.4 -400.8 202.3 -64.95
FCF margin -3.99% 3.28% 0.68% -1.49% 0.81% -0.28%
FCF Conversion (EBITDA) - 50.08% 10.57% - 15.81% -
FCF Conversion (Net income) - 113.55% 20.32% - 36.75% -
Dividend per Share 2 0.0700 0.0850 0.0900 0.0950 0.0950 0.1150
Announcement Date 4/1/19 4/9/20 4/2/21 4/1/22 4/7/23 4/2/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,007 3,756 3,986 3,641 973 147
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -753 750 159 -401 202 -65
ROE (net income / shareholders' equity) 4.94% 9.05% 9.81% 9.12% 6.53% 6.66%
ROA (Net income/ Total Assets) 2% 3.19% 3.17% 2.92% 1.94% 1.88%
Assets 1 15,168 20,699 24,705 28,915 28,330 34,247
Book Value Per Share 2 5.160 5.670 6.200 6.780 7.100 7.390
Cash Flow per Share 2 2.520 3.880 3.990 4.230 3.680 3.130
Capex 1 208 341 326 204 192 372
Capex / Sales 1.1% 1.49% 1.39% 0.76% 0.77% 1.63%
Announcement Date 4/1/19 4/9/20 4/2/21 4/1/22 4/7/23 4/2/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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