Financials ChongQing Zhengchuan Pharmaceutical Packaging Co.,Ltd

Equities

603976

CNE100002W50

Non-Paper Containers & Packaging

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
16.14 CNY +2.22% Intraday chart for ChongQing Zhengchuan Pharmaceutical Packaging Co.,Ltd +18.33% -18.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,465 2,637 11,006 5,159 3,107 2,980
Enterprise Value (EV) 1 2,077 2,269 10,786 4,946 3,196 2,989
P/E ratio 29.8 x 43.6 x 208 x 48.1 x 47.8 x 73 x
Yield 0.49% 1.86% 0.05% 0.9% 0.29% -
Capitalization / Revenue 4.14 x 5.06 x 21.9 x 6.48 x 3.9 x 3.31 x
EV / Revenue 3.49 x 4.35 x 21.5 x 6.21 x 4.01 x 3.32 x
EV / EBITDA 16.3 x 21.4 x 111 x 27.1 x 21 x 18.2 x
EV / FCF -1,541 x -842 x -154 x -339 x -11.7 x 36.8 x
FCF Yield -0.06% -0.12% -0.65% -0.3% -8.56% 2.72%
Price to Book 2.5 x 2.55 x 10.6 x 4.42 x 2.62 x 2.44 x
Nbr of stocks (in thousands) 151,200 151,200 151,200 151,200 151,202 151,202
Reference price 2 16.30 17.44 72.79 34.12 20.55 19.71
Announcement Date 4/24/19 4/29/20 3/9/21 4/25/22 4/26/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 595.8 521.1 502 796.7 796.2 900.6
EBITDA 1 127.8 106 97.56 182.3 152.3 164.7
EBIT 1 79.63 54.97 44.5 116.2 66.51 59.22
Operating Margin 13.37% 10.55% 8.87% 14.59% 8.35% 6.58%
Earnings before Tax (EBT) 1 94.01 71.35 61.38 126 58.55 44.83
Net income 1 82.77 61.06 53.05 106.6 64.77 40.27
Net margin 13.89% 11.72% 10.57% 13.38% 8.13% 4.47%
EPS 2 0.5474 0.4000 0.3500 0.7100 0.4300 0.2700
Free Cash Flow 1 -1.348 -2.695 -69.92 -14.59 -273.6 81.16
FCF margin -0.23% -0.52% -13.93% -1.83% -34.36% 9.01%
FCF Conversion (EBITDA) - - - - - 49.29%
FCF Conversion (Net income) - - - - - 201.54%
Dividend per Share 2 0.0800 0.3240 0.0360 0.3080 0.0600 -
Announcement Date 4/24/19 4/29/20 3/9/21 4/25/22 4/26/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 88.7 8.78
Net Cash position 1 387 368 220 213 - -
Leverage (Debt/EBITDA) - - - - 0.5824 x 0.0533 x
Free Cash Flow 1 -1.35 -2.7 -69.9 -14.6 -274 81.2
ROE (net income / shareholders' equity) 8.53% 6.04% 5.11% 9.66% 5.51% 3.36%
ROA (Net income/ Total Assets) 4.55% 2.9% 2.17% 4.42% 2.1% 1.83%
Assets 1 1,819 2,104 2,447 2,410 3,091 2,203
Book Value Per Share 2 6.530 6.850 6.880 7.710 7.830 8.090
Cash Flow per Share 2 2.560 2.440 1.780 2.590 1.400 1.250
Capex 1 69.2 112 176 138 276 90
Capex / Sales 11.61% 21.43% 35.04% 17.27% 34.68% 9.99%
Announcement Date 4/24/19 4/29/20 3/9/21 4/25/22 4/26/23 4/26/24
1CNY in Million2CNY
Estimates
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