Financials HBIS Resources Co., Ltd.

Equities

000923

CNE000000ZK2

Iron & Steel

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
18.43 ^CNY	+2.56%		+0.66%	+9.70%

Apr. 26	HBIS Resources Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	HBIS Resources Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2023	2024	2025
Capitalization ¹	8,877	9,641	16,246	9,334	12,030	12,030	-
Enterprise Value (EV) ¹	8,877	9,641	16,246	9,334	10,966	12,030	12,030
P/E ratio	66.2 x	18.2 x	16.7 x	7.17 x	12 x	9.74 x	8.15 x
Yield	0.07%	-	0.4%	-	3.57%	2.79%	3.34%
Capitalization / Revenue	1.79 x	1.66 x	2.74 x	-	1.87 x	1.64 x	1.38 x
EV / Revenue	1.79 x	1.66 x	2.74 x	-	1.87 x	1.64 x	1.38 x
EV / EBITDA	18.4 x	7.85 x	7.23 x	-	5.27 x	4.98 x	4.41 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.4 x	1.34 x	2.19 x	-	1.19 x	1.2 x	1.04 x
Nbr of stocks (in thousands)	652,729	652,729	652,729	652,729	652,729	652,729	-
Reference price ²	13.60	14.77	24.89	14.30	18.43	18.43	18.43
Announcement Date	4/11/19	4/28/20	4/14/21	4/26/22	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2023	2024	2025
Net sales ¹	4,972	5,800	5,935	-	5,867	7,338	8,698
EBITDA ¹	481.8	1,228	2,247	-	2,081	2,417	2,726
EBIT ¹	361.1	1,076	2,108	-	1,910	2,428	2,907
Operating Margin	7.26%	18.56%	35.52%	-	32.56%	33.08%	33.42%
Earnings before Tax (EBT) ¹	359.1	1,083	2,104	-	1,882	2,421	2,900
Net income ¹	134.1	528.6	971.1	-	912.5	1,234	1,479
Net margin	2.7%	9.11%	16.36%	-	15.55%	16.82%	17%
EPS ²	0.2055	0.8099	1.488	1.994	1.398	1.892	2.262
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.0100	-	0.1000	-	0.6000	0.5150	0.6150
Announcement Date	4/11/19	4/28/20	4/14/21	4/26/22	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	193.2
Net margin	-
EPS ²	0.2965
Dividend per Share	-
Announcement Date	8/29/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	2.08%	7.81%	13.3%	10.1%	12.1%	13%
ROA (Net income/ Total Assets)	-	-	7.39%	5.81%	6.59%	7.26%
Assets ¹	-	-	13,136	16,246	18,729	20,372
Book Value Per Share ²	9.730	11.00	11.40	14.10	15.30	17.70
Cash Flow per Share ²	0.9400	1.440	3.700	2.370	2.270	3.180
Capex ¹	716	864	731	890	198	243
Capex / Sales	14.4%	14.9%	12.32%	15.18%	2.7%	2.79%
Announcement Date	4/11/19	4/28/20	4/14/21	4/26/24	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for HBIS Resources Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.43 CNY

Average target price

23.97 CNY

Spread / Average Target

+30.06%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
HBIS RESOURCES CO., LTD.	+9.70%	1.62B
VALE S.A.	-17.23%	52.39B
FORTESCUE LTD	-10.34%	51.33B
KUMBA IRON ORE LIMITED	-21.72%	8.11B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.75B
CSN MINERAÇÃO S.A.	-36.14%	5.33B
NMDC STEEL LIMITED	+28.40%	2.33B
HAINAN MINING CO., LTD.	+10.77%	1.98B
DETERRA ROYALTIES LIMITED	-5.69%	1.69B
BRADESPAR S.A.	-10.49%	1.6B

Iron Ore Mining