Financials CSG Holding Co., Ltd. Shenzhen S.E.

Equities

200012

CNE0000002M3

Commodity Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
2.36 HKD +2.16% Intraday chart for CSG Holding Co., Ltd. +6.31% -4.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 12,464 17,277 22,486 16,095 13,422 13,387 -
Enterprise Value (EV) 1 12,464 19,279 23,870 18,670 18,253 14,880 15,117
P/E ratio 29.5 x - 19.9 x 10.2 x 10.3 x 6.78 x 6.21 x
Yield - 1.36% 2.01% 2.24% 4.49% 2.5% 3.13%
Capitalization / Revenue 1.19 x 1.62 x 1.65 x 1.06 x 0.74 x 0.6 x 0.52 x
EV / Revenue 1.19 x 1.81 x 1.75 x 1.23 x 1 x 0.67 x 0.59 x
EV / EBITDA - 7.08 x 8.27 x 7.39 x 6.35 x 3.5 x 3.08 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - 2.22 x 2.67 x 1.6 x 1.22 x 1.09 x 0.98 x
Nbr of stocks (in thousands) 3,108,196 3,070,692 3,070,692 3,070,692 3,070,692 3,070,692 -
Reference price 2 5.010 7.380 9.930 6.710 5.570 5.590 5.590
Announcement Date 4/29/20 4/14/21 4/24/22 4/25/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 10,472 10,671 13,629 15,199 18,195 22,314 25,509
EBITDA 1 - 2,722 2,885 2,526 2,875 4,248 4,907
EBIT 1 - 1,799 1,931 2,263 1,622 2,494 2,922
Operating Margin - 16.86% 14.17% 14.89% 8.92% 11.18% 11.45%
Earnings before Tax (EBT) 1 - - 1,917 2,279 1,632 2,737 3,284
Net income 1 - - 1,529 2,037 1,656 2,528 2,755
Net margin - - 11.22% 13.4% 9.1% 11.33% 10.8%
EPS 2 0.1700 - 0.5000 0.6600 0.5400 0.8250 0.9000
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 0.1000 0.2000 0.1500 0.2500 0.1400 0.1750
Announcement Date 4/29/20 4/14/21 4/24/22 4/25/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 4,319 5,091 4,715 3,947 4,989 5,655 6,208
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 396.4 - 577.2 - - - - -
Net margin - - 11.34% - - - - -
EPS 0.1300 - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 4/25/23 8/28/23 10/30/23 4/25/24 4/28/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - 2,002 1,384 2,575 4,831 1,493 1,729
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 0.7353 x 0.4798 x 1.019 x 1.68 x 0.3514 x 0.3524 x
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 7.91% 14.1% 16.8% 12.3% 13% 14%
ROA (Net income/ Total Assets) - - 8.09% 8.89% - 6.7% 7.45%
Assets 1 - - 18,911 22,920 - 37,731 36,980
Book Value Per Share 2 - 3.330 3.720 4.190 4.580 5.120 5.710
Cash Flow per Share 2 - - 1.270 0.6400 0.9000 0.7300 0.8900
Capex 1 - - 1,822 3,366 4,260 4,000 3,000
Capex / Sales - - 13.37% 22.15% 23.41% 17.93% 11.76%
Announcement Date 4/29/20 4/14/21 4/24/22 4/25/23 4/25/24 - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
5.59 CNY
Average target price
6.35 CNY
Spread / Average Target
+13.60%
Consensus

Quarterly revenue - Rate of surprise

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