Financials Greatview Aseptic Packaging Company Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
2.12 ^HKD	-1.85%		+1.92%	+13.98%

Mar. 29	Greatview Aseptic Packaging Raises HK$113.2 Million Via Share Issue	MT
Mar. 28	Greatview Aseptic Packaging Company Limited Proposes Final Ordinary Dividend for the Financial Year End 31 December 2023, Payable on July 26, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	4,266	5,096	3,104	1,724	2,260	2,761	-
Enterprise Value (EV) ¹	4,035	4,541	2,752	1,340	2,260	1,936	1,816
P/E ratio	12.8 x	14.7 x	11.1 x	9.21 x	9.39 x	10.3 x	9.68 x
Yield	7.75%	5.99%	4.21%	-	-	-	-
Capitalization / Revenue	1.58 x	1.68 x	0.9 x	0.44 x	0.59 x	0.61 x	0.56 x
EV / Revenue	1.49 x	1.49 x	0.79 x	0.34 x	0.59 x	0.42 x	0.37 x
EV / EBITDA	6.86 x	7.18 x	5.41 x	3.62 x	4.79 x	4.24 x	3.71 x
EV / FCF	-	10,308,722 x	73,869,557 x	-	-	-	-
FCF Yield	-	0%	0%	-	-	-	-
Price to Book	1.74 x	2.05 x	1.28 x	0.66 x	-	0.84 x	0.78 x
Nbr of stocks (in thousands)	1,337,019	1,336,631	1,336,631	1,336,631	1,336,631	1,407,129	-
Reference price ²	3.190	3.813	2.322	1.289	1.691	1.962	1.962
Announcement Date	3/30/20	3/30/21	3/28/22	3/29/23	3/28/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,707	3,039	3,464	3,937	3,817	4,562	4,966
EBITDA ¹	588	632.7	509.1	369.9	471.3	456.4	490.1
EBIT ¹	439.8	472.8	362.3	227.5	319.6	304.5	327.5
Operating Margin	16.25%	15.56%	10.46%	5.78%	8.37%	6.67%	6.59%
Earnings before Tax (EBT) ¹	441.7	455.9	359.9	232.8	324.1	320.1	340.3
Net income ¹	337.3	342.8	285.1	182.4	244.2	254.8	271
Net margin	12.46%	11.28%	8.23%	4.63%	6.4%	5.59%	5.46%
EPS ²	0.2500	0.2600	0.2100	0.1400	0.1800	0.1907	0.2028
Free Cash Flow	-	440.5	37.26	-	-	-	-
FCF margin	-	14.5%	1.08%	-	-	-	-
FCF Conversion (EBITDA)	-	69.62%	7.32%	-	-	-	-
FCF Conversion (Net income)	-	128.51%	13.07%	-	-	-	-
Dividend per Share ²	0.2472	0.2282	0.0977	-	-	-	-
Announcement Date	3/30/20	3/30/21	3/28/22	3/29/23	3/28/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	230	555	352	384	-	826	945
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	440	37.3	-	-	-	-
ROE (net income / shareholders' equity)	13.8%	13.9%	11.6%	7.24%	-	8.54%	8.35%
ROA (Net income/ Total Assets)	-	9.5%	7.83%	-	-	-	-
Assets ¹	-	3,607	3,640	-	-	-	-
Book Value Per Share ²	1.830	1.860	1.810	1.960	-	2.330	2.530
Cash Flow per Share ²	0.2700	0.3900	0.3100	0.2400	-	0.3000	0.3200
Capex	-	79.8	88	-	-	-	-
Capex / Sales	-	2.63%	2.54%	-	-	-	-
Announcement Date	3/30/20	3/30/21	3/28/22	3/29/23	3/28/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.962 CNY

Average target price

2.495 CNY

Spread / Average Target

+27.14%

	1st Jan change	Capi.
GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED	+13.98%	381M
PACKAGING CORPORATION OF AMERICA	+6.10%	15.4B
WESTROCK COMPANY	+13.80%	12.14B
INTERNATIONAL PAPER COMPANY	-6.42%	11.75B
SMURFIT KAPPA GROUP PLC	+11.37%	11.06B
STORA ENSO OYJ	+1.48%	10.71B
GRAPHIC PACKAGING HOLDING COMPANY	+11.68%	8.43B
MONDI PLC	-10.81%	8.28B
SIG GROUP AG	-2.74%	7.86B
DS SMITH PLC	+10.64%	5.84B