Financials Hangzhou Yitong New Material Co., LTD

Equities

300930

CNE100004CN6

Iron & Steel

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
19.29 CNY -4.41% Intraday chart for Hangzhou Yitong New Material Co., LTD -3.31% -19.36%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 3,244 2,412 2,392
Enterprise Value (EV) 1 2,911 2,132 2,309
P/E ratio 33.1 x 26.2 x 46.9 x
Yield 0.31% 0.41% 0.42%
Capitalization / Revenue 6.21 x 6.23 x 6.08 x
EV / Revenue 5.58 x 5.51 x 5.87 x
EV / EBITDA 26.6 x 24 x 36 x
EV / FCF 164 x -83.1 x -21.3 x
FCF Yield 0.61% -1.2% -4.69%
Price to Book 4.52 x 3.02 x 2.85 x
Nbr of stocks (in thousands) 100,000 100,000 100,000
Reference price 2 32.44 24.12 23.92
Announcement Date 4/18/22 4/17/23 4/22/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 309.3 305.5 339.3 522 386.9 393.4
EBITDA 1 57.16 73.93 77.26 109.6 89 64.13
EBIT 1 51.3 66.92 70.03 102.7 81.97 52.61
Operating Margin 16.59% 21.9% 20.64% 19.67% 21.18% 13.37%
Earnings before Tax (EBT) 1 51.55 66.91 72.08 109.1 102.5 56.36
Net income 1 43.3 59.1 63.69 96.2 91.56 50.51
Net margin 14% 19.34% 18.77% 18.43% 23.66% 12.84%
EPS 2 0.5800 0.7880 0.8500 0.9800 0.9200 0.5100
Free Cash Flow 1 36.94 -3.244 -3.307 17.78 -25.64 -108.4
FCF margin 11.94% -1.06% -0.97% 3.41% -6.63% -27.55%
FCF Conversion (EBITDA) 64.62% - - 16.22% - -
FCF Conversion (Net income) 85.3% - - 18.48% - -
Dividend per Share - - 0.1000 0.1000 0.1000 0.1000
Announcement Date 6/28/19 12/30/20 4/22/21 4/18/22 4/17/23 4/22/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 15.5 18.1 31.2 333 280 82.8
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 36.9 -3.24 -3.31 17.8 -25.6 -108
ROE (net income / shareholders' equity) 20.4% 22.9% 19.9% 18% 12.1% 6.16%
ROA (Net income/ Total Assets) 11.3% 11.9% 11.2% 10.9% 6.31% 3.66%
Assets 1 381.7 495.1 566.8 880.8 1,451 1,382
Book Value Per Share 2 3.070 3.840 4.690 7.180 8.000 8.400
Cash Flow per Share 2 0.8800 0.7900 0.4200 0.3900 2.800 0.8300
Capex 1 4.07 33.3 11.8 28.1 181 112
Capex / Sales 1.32% 10.9% 3.47% 5.39% 46.71% 28.5%
Announcement Date 6/28/19 12/30/20 4/22/21 4/18/22 4/17/23 4/22/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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