FUJIAN QINGSHAN PAPER INDUSTRY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.15 CNY | +2.38% |
|
+3.86% | -10.04% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,541 | 4,773 | 4,358 | 6,239 | 4,978 | 5,287 |
| Enterprise Value (EV) 1 | 3,109 | 3,597 | 3,213 | 4,869 | 3,303 | 3,719 |
| P/E ratio | 29.3 x | 37.4 x | 56.9 x | 33.1 x | 24 x | 43.4 x |
| Yield | - | - | - | - | 2.22% | 0.71% |
| Capitalization / Revenue | 1.59 x | 1.79 x | 1.75 x | 2.18 x | 1.7 x | 1.98 x |
| EV / Revenue | 1.09 x | 1.35 x | 1.29 x | 1.7 x | 1.13 x | 1.39 x |
| EV / EBITDA | 8.68 x | 13.2 x | 21.4 x | 13.8 x | 9.13 x | 15.2 x |
| EV / FCF | 6.09 x | 4.13 x | 721 x | 15.9 x | 8.84 x | -6.12 x |
| FCF Yield | 16.4% | 24.2% | 0.14% | 6.27% | 11.3% | -16.3% |
| Price to Book | 1.31 x | 1.33 x | 1.19 x | 1.71 x | 1.29 x | 1.36 x |
| Nbr of stocks (in thousands) | 2,305,818 | 2,305,818 | 2,305,818 | 2,212,329 | 2,212,329 | 2,212,329 |
| Reference price 2 | 1.969 | 2.070 | 1.890 | 2.820 | 2.250 | 2.390 |
| Announcement Date | 4/22/19 | 4/10/20 | 4/26/21 | 3/28/22 | 4/24/23 | 4/1/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,861 | 2,670 | 2,495 | 2,867 | 2,921 | 2,673 |
| EBITDA 1 | 358.2 | 271.7 | 150.5 | 353.3 | 361.8 | 245.5 |
| EBIT 1 | 203 | 103.2 | -24.57 | 196.4 | 208.1 | 97.56 |
| Operating Margin | 7.1% | 3.86% | -0.98% | 6.85% | 7.12% | 3.65% |
| Earnings before Tax (EBT) 1 | 196.1 | 158.9 | 119.2 | 240.8 | 273.5 | 145.7 |
| Net income 1 | 154.8 | 127.5 | 76.53 | 190.3 | 207.7 | 121.9 |
| Net margin | 5.41% | 4.78% | 3.07% | 6.64% | 7.11% | 4.56% |
| EPS 2 | 0.0672 | 0.0553 | 0.0332 | 0.0851 | 0.0939 | 0.0551 |
| Free Cash Flow 1 | 510.1 | 870.8 | 4.458 | 305.4 | 373.5 | -608.1 |
| FCF margin | 17.83% | 32.61% | 0.18% | 10.65% | 12.79% | -22.75% |
| FCF Conversion (EBITDA) | 142.39% | 320.5% | 2.96% | 86.46% | 103.26% | - |
| FCF Conversion (Net income) | 329.53% | 682.82% | 5.82% | 160.51% | 179.81% | - |
| Dividend per Share | - | - | - | - | 0.0500 | 0.0170 |
| Announcement Date | 4/22/19 | 4/10/20 | 4/26/21 | 3/28/22 | 4/24/23 | 4/1/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,432 | 1,176 | 1,145 | 1,370 | 1,675 | 1,568 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 510 | 871 | 4.46 | 305 | 374 | -608 |
| ROE (net income / shareholders' equity) | 4.92% | 3.84% | 2.28% | 5.26% | 5.41% | 3.13% |
| ROA (Net income/ Total Assets) | 2.56% | 1.21% | -0.28% | 2.26% | 2.32% | 1.02% |
| Assets 1 | 6,038 | 10,519 | -27,471 | 8,436 | 8,955 | 11,986 |
| Book Value Per Share 2 | 1.500 | 1.550 | 1.590 | 1.650 | 1.750 | 1.750 |
| Cash Flow per Share 2 | 0.4100 | 0.2500 | 0.2100 | 0.1800 | 0.5000 | 0.4400 |
| Capex 1 | 92.3 | 201 | 74.6 | 77.2 | 97.5 | 779 |
| Capex / Sales | 3.23% | 7.51% | 2.99% | 2.69% | 3.34% | 29.15% |
| Announcement Date | 4/22/19 | 4/10/20 | 4/26/21 | 3/28/22 | 4/24/23 | 4/1/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -10.04% | 657M | |
| +27.53% | 5.99B | |
| +27.37% | 2.59B | |
| -2.91% | 1.61B | |
| +8.22% | 1.51B | |
| -17.15% | 1.19B | |
| +19.17% | 1.03B | |
| -7.25% | 984M | |
| -17.54% | 876M | |
| -12.82% | 804M |
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- Financials Fujian Qingshan Paper Industry Co., Ltd.
