Financials HangZhou Nbond Nonwovens Co., Ltd.

Equities

603238

CNE100002YP9

Textiles & Leather Goods

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
11.31 CNY +4.43% Intraday chart for HangZhou Nbond Nonwovens Co., Ltd. +6.90% -17.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,266 2,084 3,925 2,389 2,175 2,441
Enterprise Value (EV) 1 2,065 1,882 3,589 2,195 1,834 1,909
P/E ratio 41 x 25.2 x 14.3 x 24.7 x 57.9 x 29.9 x
Yield 0.79% 1.44% 1.42% 0.45% 0.82% -
Capitalization / Revenue 2.42 x 1.9 x 1.95 x 1.57 x 1.37 x 1.27 x
EV / Revenue 2.2 x 1.71 x 1.79 x 1.44 x 1.15 x 1 x
EV / EBITDA 19.7 x 11.6 x 6.69 x 10.2 x 13.8 x 8.73 x
EV / FCF -14.4 x -44.3 x 30 x -12.9 x 18.3 x 12.7 x
FCF Yield -6.96% -2.26% 3.34% -7.78% 5.46% 7.87%
Price to Book 2.75 x 2.34 x 3.43 x 1.91 x 1.68 x 1.96 x
Nbr of stocks (in thousands) 174,000 174,000 179,249 179,075 178,988 177,509
Reference price 2 13.02 11.98 21.90 13.34 12.15 13.75
Announcement Date 4/17/19 4/16/20 4/22/21 4/27/22 4/20/23 4/23/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 936.4 1,098 2,010 1,519 1,589 1,915
EBITDA 1 105 162.5 536.7 215.6 132.7 218.8
EBIT 1 60.88 113.5 469.8 127.8 29.99 104.9
Operating Margin 6.5% 10.34% 23.37% 8.41% 1.89% 5.48%
Earnings before Tax (EBT) 1 79.26 123.9 463.2 139.9 52.74 110.8
Net income 1 55.25 82.53 266.8 96.61 37.72 82.64
Net margin 5.9% 7.52% 13.27% 6.36% 2.37% 4.32%
EPS 2 0.3172 0.4759 1.531 0.5400 0.2100 0.4600
Free Cash Flow 1 -143.7 -42.44 119.8 -170.7 100.1 150.3
FCF margin -15.35% -3.87% 5.96% -11.24% 6.3% 7.85%
FCF Conversion (EBITDA) - - 22.32% - 75.43% 68.68%
FCF Conversion (Net income) - - 44.91% - 265.31% 181.81%
Dividend per Share 2 0.1034 0.1724 0.3103 0.0600 0.1000 -
Announcement Date 4/17/19 4/16/20 4/22/21 4/27/22 4/20/23 4/23/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 201 203 336 194 341 532
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -144 -42.4 120 -171 100 150
ROE (net income / shareholders' equity) 7.92% 10.8% 31.7% 7.82% 3.46% 6.36%
ROA (Net income/ Total Assets) 2.67% 4.59% 15.1% 3.56% 0.84% 2.76%
Assets 1 2,069 1,800 1,772 2,717 4,496 2,992
Book Value Per Share 2 4.730 5.120 6.380 6.970 7.230 7.020
Cash Flow per Share 2 1.920 1.180 1.860 1.260 1.670 3.080
Capex 1 204 258 382 261 87.5 99
Capex / Sales 21.82% 23.49% 19.02% 17.2% 5.51% 5.17%
Announcement Date 4/17/19 4/16/20 4/22/21 4/27/22 4/20/23 4/23/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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