End-of-day quote
Shanghai S.E.
06:00:00 2024-05-09 pm EDT
|
5-day change
|
1st Jan Change
|
23.5
CNY
|
-0.21%
|
|
+3.89%
|
+23.10%
|
Fiscal Period: December |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
4,071
|
5,150
|
8,153
|
6,282
|
7,733
|
-
|
-
|
Enterprise Value (EV)
1 |
4,071
|
5,150
|
8,153
|
4,360
|
5,862
|
5,991
|
6,035
|
P/E ratio
|
8.39
x
|
11.4
x
|
16.8
x
|
11.1
x
|
11.8
x
|
9.9
x
|
8.81
x
|
Yield
|
-
|
-
|
2.12%
|
5.76%
|
5.87%
|
5.64%
|
8.38%
|
Capitalization / Revenue
|
-
|
3.19
x
|
2.37
x
|
1.58
x
|
1.7
x
|
1.46
x
|
1.25
x
|
EV / Revenue
|
-
|
3.19
x
|
2.37
x
|
1.1
x
|
1.29
x
|
1.13
x
|
0.98
x
|
EV / EBITDA
|
-
|
-
|
13.1
x
|
5.79
x
|
7.14
x
|
6.3
x
|
5.52
x
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
-
|
2.02
x
|
2.26
x
|
1.58
x
|
1.77
x
|
1.57
x
|
1.48
x
|
Nbr of stocks (in thousands)
|
285,413
|
287,057
|
332,241
|
329,082
|
329,062
|
-
|
-
|
Reference price
2 |
14.26
|
17.94
|
24.54
|
19.09
|
23.50
|
23.50
|
23.50
|
Announcement Date
|
4/15/21
|
3/8/22
|
3/7/23
|
4/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
-
|
1,612
|
3,436
|
3,976
|
4,550
|
5,298
|
6,172
|
EBITDA
1 |
-
|
-
|
621.7
|
753.6
|
820.6
|
951.5
|
1,094
|
EBIT
1 |
-
|
524.4
|
532.8
|
648.7
|
733.6
|
886.1
|
984.9
|
Operating Margin
|
-
|
32.53%
|
15.51%
|
16.32%
|
16.12%
|
16.72%
|
15.96%
|
Earnings before Tax (EBT)
1 |
-
|
524.4
|
532.4
|
648.5
|
755.6
|
898.8
|
1,013
|
Net income
1 |
260
|
448.6
|
467.3
|
566.1
|
664.4
|
789.5
|
886.8
|
Net margin
|
-
|
27.83%
|
13.6%
|
14.24%
|
14.6%
|
14.9%
|
14.37%
|
EPS
2 |
1.700
|
1.570
|
1.460
|
1.720
|
1.999
|
2.374
|
2.668
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
0.5200
|
1.100
|
1.380
|
1.327
|
1.969
|
Announcement Date
|
4/15/21
|
3/8/22
|
3/7/23
|
4/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
|
-
|
1,123
|
991.9
|
-
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
173.9
|
207.5
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
15.48%
|
20.92%
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
173.9
|
207.5
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
128.4
|
160.9
|
169.2
|
146.5
|
183.5
|
168.8
|
-
|
-
|
Net margin
|
-
|
14.33%
|
17.06%
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
0.3900
|
0.4900
|
0.5100
|
0.4410
|
0.5524
|
0.5081
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
1.360
|
-
|
-
|
Announcement Date
|
8/27/23
|
10/29/23
|
4/28/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
1,922
|
1,871
|
1,742
|
1,698
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
-
|
18.9%
|
14.2%
|
14.9%
|
15.4%
|
16.3%
|
17.3%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
10.5%
|
10.5%
|
-
|
Assets
1 |
-
|
-
|
-
|
-
|
6,328
|
7,519
|
-
|
Book Value Per Share
2 |
-
|
8.880
|
10.90
|
12.10
|
13.30
|
14.90
|
15.90
|
Cash Flow per Share
2 |
-
|
-
|
1.620
|
1.320
|
2.380
|
2.550
|
2.140
|
Capex
1 |
-
|
-
|
234
|
342
|
265
|
214
|
233
|
Capex / Sales
|
-
|
-
|
6.82%
|
8.59%
|
5.81%
|
4.05%
|
3.77%
|
Announcement Date
|
4/15/21
|
3/8/22
|
3/7/23
|
4/28/24
|
-
|
-
|
-
|
Last Close Price
23.5
CNY Average target price
27
CNY Spread / Average Target +14.89% Consensus |
1st Jan change
|
Capi.
|
---|
| +23.10% | 1.07B | | +32.29% | 6.23B | | +31.17% | 2.67B | | +12.67% | 1.59B | | -6.29% | 1.56B | | -15.79% | 1.22B | | -3.22% | 1.03B | | -21.97% | 830M | | -12.26% | 821M | | +33.42% | 804M |
Paper Mills & Products
|