Financials Fujian Minfa Aluminium Inc.

Equities

002578

CNE1000012H0

Aluminum

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-14 pm EDT 5-day change 1st Jan Change
2.68 CNY -1.83% Intraday chart for Fujian Minfa Aluminium Inc. +3.88% -40.18%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,300 3,389 3,285 3,661 4,064 4,205
Enterprise Value (EV) 1 3,062 3,203 3,010 3,617 4,032 4,285
P/E ratio 83.5 x 71.2 x 50 x 65 x 86.6 x 149 x
Yield - - 0.86% - - 0.89%
Capitalization / Revenue 2.31 x 2.32 x 2.06 x 1.63 x 1.46 x 1.49 x
EV / Revenue 2.15 x 2.19 x 1.89 x 1.61 x 1.44 x 1.52 x
EV / EBITDA 27.9 x 27.8 x 21 x 21.5 x 24.7 x 38.9 x
EV / FCF -43.1 x 27.3 x 20.8 x -17.8 x -90.1 x -29.6 x
FCF Yield -2.32% 3.66% 4.8% -5.62% -1.11% -3.37%
Price to Book 2.2 x 2.42 x 2.29 x 2.5 x 2.68 x 2.72 x
Nbr of stocks (in thousands) 988,093 951,868 938,630 938,630 938,630 938,630
Reference price 2 3.340 3.560 3.500 3.900 4.330 4.480
Announcement Date 4/1/19 4/28/20 4/21/21 4/1/22 4/6/23 4/2/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,426 1,463 1,593 2,244 2,791 2,824
EBITDA 1 109.6 115.3 143 168.3 163.3 110.2
EBIT 1 34.39 38.6 57.5 61.02 59.96 24.95
Operating Margin 2.41% 2.64% 3.61% 2.72% 2.15% 0.88%
Earnings before Tax (EBT) 1 40.55 57.13 72.46 64.6 57.87 33.1
Net income 1 35.81 50.44 62.81 58.23 49.92 26.86
Net margin 2.51% 3.45% 3.94% 2.6% 1.79% 0.95%
EPS 2 0.0400 0.0500 0.0700 0.0600 0.0500 0.0300
Free Cash Flow 1 -71.03 117.1 144.4 -203.2 -44.76 -144.5
FCF margin -4.98% 8.01% 9.06% -9.06% -1.6% -5.12%
FCF Conversion (EBITDA) - 101.56% 100.95% - - -
FCF Conversion (Net income) - 232.27% 229.86% - - -
Dividend per Share - - 0.0300 - - 0.0400
Announcement Date 4/1/19 4/28/20 4/21/21 4/1/22 4/6/23 4/2/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 80.3
Net Cash position 1 238 186 276 43.5 31.8 -
Leverage (Debt/EBITDA) - - - - - 0.7286 x
Free Cash Flow 1 -71 117 144 -203 -44.8 -145
ROE (net income / shareholders' equity) 2.26% 3.41% 4.42% 4% 3.42% 1.8%
ROA (Net income/ Total Assets) 1.26% 1.45% 2.05% 2% 1.71% 0.63%
Assets 1 2,839 3,476 3,066 2,907 2,915 4,297
Book Value Per Share 2 1.520 1.470 1.530 1.560 1.620 1.640
Cash Flow per Share 2 0.2400 0.0800 0.1600 0.1800 0.4900 0.5800
Capex 1 98.4 29.9 58.9 20.5 35.1 83.6
Capex / Sales 6.9% 2.04% 3.7% 0.92% 1.26% 2.96%
Announcement Date 4/1/19 4/28/20 4/21/21 4/1/22 4/6/23 4/2/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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