HAINAN HAIYAO CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.67 CNY | +2.51% |
|
+10.21% | -18.81% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,840 | 7,758 | 11,975 | 6,811 | 5,540 | 5,864 |
| Enterprise Value (EV) 1 | 8,452 | 7,945 | 13,262 | 9,617 | 8,617 | 5,864 |
| P/E ratio | 56.9 x | -49.8 x | -20.6 x | -4.38 x | 527 x | -55.1 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.77 x | 3.17 x | 5.44 x | 3.31 x | 3.11 x | 3.97 x |
| EV / Revenue | 3.42 x | 3.25 x | 6.03 x | 4.67 x | 4.84 x | 3.97 x |
| EV / EBITDA | 24.1 x | -30.3 x | -39.8 x | -18.4 x | 350 x | 42.2 x |
| EV / FCF | -7.78 x | 11.6 x | -10.8 x | -10.6 x | -18.5 x | - |
| FCF Yield | -12.9% | 8.61% | -9.28% | -9.4% | -5.41% | - |
| Price to Book | 1.48 x | 1.74 x | 3.23 x | 3.17 x | 2.56 x | - |
| Nbr of stocks (in thousands) | 1,335,979 | 1,297,365 | 1,297,365 | 1,297,365 | 1,297,365 | 1,297,365 |
| Reference price 2 | 5.120 | 5.980 | 9.230 | 5.250 | 4.270 | 4.520 |
| Announcement Date | 4/25/19 | 4/29/20 | 4/26/21 | 4/26/22 | 4/10/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,472 | 2,445 | 2,200 | 2,059 | 1,779 | 1,479 |
| EBITDA 1 | 351.4 | -261.8 | -333.3 | -521.3 | 24.6 | 138.9 |
| EBIT 1 | 236.2 | -392.3 | -641.3 | -697.3 | -127.8 | -18.58 |
| Operating Margin | 9.55% | -16.04% | -29.15% | -33.86% | -7.18% | -1.26% |
| Earnings before Tax (EBT) 1 | 143.1 | -123.2 | -712.2 | -1,556 | -58.9 | -118.6 |
| Net income 1 | 119.6 | -159.1 | -580.2 | -1,555 | 10.52 | -106.5 |
| Net margin | 4.84% | -6.51% | -26.37% | -75.54% | 0.59% | -7.2% |
| EPS 2 | 0.0900 | -0.1200 | -0.4472 | -1.199 | 0.008100 | -0.0821 |
| Free Cash Flow 1 | -1,086 | 684.2 | -1,231 | -904.4 | -465.7 | - |
| FCF margin | -43.95% | 27.98% | -55.95% | -43.92% | -26.18% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/25/19 | 4/29/20 | 4/26/21 | 4/26/22 | 4/10/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,612 | 187 | 1,287 | 2,806 | 3,077 | - |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.587 x | -0.7126 x | -3.862 x | -5.383 x | 125.1 x | - |
| Free Cash Flow 1 | -1,086 | 684 | -1,231 | -904 | -466 | - |
| ROE (net income / shareholders' equity) | 2.07% | -4.12% | -15.2% | -50.3% | 0.1% | -5.85% |
| ROA (Net income/ Total Assets) | 1.41% | -2.32% | -3.81% | -4.68% | -1.02% | - |
| Assets 1 | 8,458 | 6,852 | 15,240 | 33,267 | -1,035 | - |
| Book Value Per Share 2 | 3.450 | 3.440 | 2.860 | 1.660 | 1.670 | - |
| Cash Flow per Share 2 | 1.970 | 1.610 | 0.9700 | 0.5800 | 0.3000 | - |
| Capex 1 | 565 | 468 | 769 | 415 | 264 | 211 |
| Capex / Sales | 22.86% | 19.14% | 34.94% | 20.16% | 14.83% | 14.25% |
| Announcement Date | 4/25/19 | 4/29/20 | 4/26/21 | 4/26/22 | 4/10/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -18.81% | 658M | |
| +33.25% | 704B | |
| +28.59% | 577B | |
| -3.55% | 348B | |
| +18.16% | 327B | |
| +4.36% | 288B | |
| +14.81% | 234B | |
| +4.93% | 198B | |
| -9.78% | 194B | |
| -3.69% | 147B |
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