CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.66 CNY | +1.16% |
|
-6.23% | +11.54% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 68,077 | 109,977 | 103,365 | 86,609 | 70,862 | 79,038 | - | - |
| Enterprise Value (EV) 1 | 68,077 | 109,977 | 103,365 | 86,609 | 70,862 | 79,038 | 79,038 | 79,038 |
| P/E ratio | 12.7 x | 18.3 x | 13 x | 12.4 x | 12.6 x | 12.5 x | 10.7 x | 10.1 x |
| Yield | 4.36% | 3.21% | 3.91% | 4.08% | 4.02% | 4.75% | 5.34% | 6.02% |
| Capitalization / Revenue | 0.94 x | 1.47 x | 1.06 x | 0.88 x | 0.62 x | 0.67 x | 0.66 x | 0.64 x |
| EV / Revenue | 0.94 x | 1.47 x | 1.06 x | 0.88 x | 0.62 x | 0.67 x | 0.66 x | 0.64 x |
| EV / EBITDA | 7.39 x | 10.4 x | 8.18 x | 7.38 x | 6.32 x | 6.02 x | 5.65 x | 5.4 x |
| EV / FCF | 12.4 x | 27.2 x | 9.74 x | 7.42 x | 7.72 x | 5.6 x | 7.94 x | 7.29 x |
| FCF Yield | 8.05% | 3.67% | 10.3% | 13.5% | 13% | 17.8% | 12.6% | 13.7% |
| Price to Book | 2.7 x | 3.88 x | 3.15 x | 2.42 x | 1.86 x | 1.88 x | 1.69 x | 1.64 x |
| Nbr of stocks (in thousands) | 5,047,143 | 5,047,143 | 5,047,143 | 5,047,147 | 5,047,156 | 5,047,156 | - | - |
| Reference price 2 | 13.49 | 21.79 | 20.48 | 17.16 | 14.04 | 15.66 | 15.66 | 15.66 |
| Announcement Date | 3/5/20 | 2/4/21 | 1/14/22 | 3/17/23 | 3/12/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 72,620 | 74,728 | 97,332 | 98,345 | 114,019 | 118,286 | 120,365 | 123,962 |
| EBITDA 1 | 9,212 | 10,571 | 12,642 | 11,739 | 11,221 | 13,122 | 13,987 | 14,634 |
| EBIT 1 | 6,492 | 7,519 | 9,548 | 8,462 | 6,531 | 7,385 | 8,728 | 9,341 |
| Operating Margin | 8.94% | 10.06% | 9.81% | 8.6% | 5.73% | 6.24% | 7.25% | 7.54% |
| Earnings before Tax (EBT) 1 | 6,579 | 7,505 | 9,504 | 8,429 | 6,559 | 7,385 | 8,727 | 9,354 |
| Net income 1 | 5,386 | 6,024 | 7,953 | 7,105 | 5,721 | 6,304 | 7,389 | 7,944 |
| Net margin | 7.42% | 8.06% | 8.17% | 7.22% | 5.02% | 5.33% | 6.14% | 6.41% |
| EPS 2 | 1.065 | 1.190 | 1.580 | 1.380 | 1.110 | 1.250 | 1.467 | 1.555 |
| Free Cash Flow 1 | 5,479 | 4,037 | 10,613 | 11,676 | 9,184 | 14,105 | 9,950 | 10,848 |
| FCF margin | 7.55% | 5.4% | 10.9% | 11.87% | 8.06% | 11.92% | 8.27% | 8.75% |
| FCF Conversion (EBITDA) | 59.48% | 38.19% | 83.95% | 99.46% | 81.85% | 107.49% | 71.14% | 74.13% |
| FCF Conversion (Net income) | 101.73% | 67% | 133.45% | 164.32% | 160.53% | 223.75% | 134.66% | 136.56% |
| Dividend per Share 2 | 0.5882 | 0.7000 | 0.8000 | 0.7000 | 0.5650 | 0.7433 | 0.8367 | 0.9433 |
| Announcement Date | 3/5/20 | 2/4/21 | 1/14/22 | 3/17/23 | 3/12/24 | - | - | - |
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 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,116 | - | 23,689 | 22,834 | 27,969 | 30,356 | 28,089 | 28,429 | 31,084 | 28,763 | 28,267 | 29,768 | 32,308 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 3,777 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | 0.7400 | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/14/22 | 8/15/22 | 10/25/22 | 3/17/23 | 4/21/23 | 8/18/23 | 10/27/23 | 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 | 5,479 | 4,037 | 10,613 | 11,676 | 9,184 | 14,105 | 9,950 | 10,848 |
| ROE (net income / shareholders' equity) | 24.2% | 22.9% | 26.8% | 21% | 15.5% | 15.1% | 15.5% | 16.1% |
| ROA (Net income/ Total Assets) | 7.55% | 8.03% | 9.59% | - | - | 5.5% | 5.91% | 5.88% |
| Assets 1 | 71,372 | 75,013 | 82,886 | - | - | 114,549 | 125,092 | 135,211 |
| Book Value Per Share 2 | 5.000 | 5.620 | 6.510 | 7.090 | 7.550 | 8.340 | 9.250 | 9.580 |
| Cash Flow per Share 2 | 1.570 | 1.300 | 2.560 | 2.660 | 2.110 | 2.540 | 1.980 | 2.650 |
| Capex 1 | 2,447 | 2,535 | 2,332 | 1,759 | 1,474 | 2,239 | 2,856 | 2,099 |
| Capex / Sales | 3.37% | 3.39% | 2.4% | 1.79% | 1.29% | 1.89% | 2.37% | 1.69% |
| Announcement Date | 3/5/20 | 2/4/21 | 1/14/22 | 3/17/23 | 3/12/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
15.66
CNY
Average target price
19.04
CNY
Spread / Average Target
+21.62%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.54% | 10.91B | |
| +0.70% | 25.86B | |
| +19.56% | 21.28B | |
| -9.07% | 11.73B | |
| +24.56% | 11.2B | |
| +10.96% | 10.15B | |
| +2.61% | 8.56B | |
| +5.78% | 7.32B | |
| +22.56% | 6.92B | |
| -3.33% | 6.52B |
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- Financials Citic Pacific Special Steel Group Co., Ltd
