Financials Hoshine Silicon Industry Co., Ltd.

Equities

603260

CNE100002V10

Specialty Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
49.73 CNY +5.83% Intraday chart for Hoshine Silicon Industry Co., Ltd. +4.39% -2.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 29,346 27,643 31,367 141,758 89,091 58,791 58,791 -
Enterprise Value (EV) 1 29,346 27,643 31,367 141,758 89,091 86,727 88,886 88,942
P/E ratio 10.5 x 25 x 22.3 x 16.2 x 17.3 x 20.6 x 13.1 x 10.7 x
Yield 1.87% 0.78% 0.87% 1.14% 1.06% 0.97% 1.6% 2.33%
Capitalization / Revenue 2.65 x 3.09 x 3.5 x 6.64 x 3.77 x 2.27 x 1.55 x 1.14 x
EV / Revenue 2.65 x 3.09 x 3.5 x 6.64 x 3.77 x 3.35 x 2.34 x 1.73 x
EV / EBITDA 7.26 x 12.1 x 11.7 x 12.8 x 10.9 x 12.8 x 8.16 x 6.37 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.7 x 3.25 x 3.24 x 7.05 x 3.74 x 2.05 x 1.79 x 1.55 x
Nbr of stocks (in thousands) 938,000 938,000 938,000 1,074,166 1,074,166 1,182,207 1,182,207 -
Reference price 2 31.29 29.47 33.44 132.0 82.94 49.73 49.73 49.73
Announcement Date 4/22/19 4/23/20 4/21/21 4/27/22 4/20/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 11,076 8,939 8,968 21,343 23,657 25,885 38,047 51,449
EBITDA 1 4,040 2,279 2,686 11,110 8,158 6,791 10,898 13,954
EBIT 1 3,304 1,289 1,580 9,837 6,411 3,612 5,686 6,962
Operating Margin 29.83% 14.43% 17.62% 46.09% 27.1% 13.95% 14.94% 13.53%
Earnings before Tax (EBT) 1 3,306 1,289 1,599 9,797 6,318 3,538 5,669 6,912
Net income 1 2,805 1,106 1,404 8,212 5,148 2,853 4,500 5,508
Net margin 25.33% 12.38% 15.66% 38.47% 21.76% 11.02% 11.83% 10.71%
EPS 2 2.993 1.180 1.500 8.160 4.790 2.413 3.807 4.658
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.5857 0.2300 0.2900 1.510 0.8800 0.4822 0.7968 1.158
Announcement Date 4/22/19 4/23/20 4/21/21 4/27/22 4/20/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 6,610 5,276 - - 7,949 6,601 - - - -
EBITDA - - - - - - - - - -
EBIT 1 1,741 1,187 - - 642.3 998.9 - - - -
Operating Margin 26.34% 22.51% - - 8.08% 15.13% - - - -
Earnings before Tax (EBT) 1 - - - - 660.5 655.7 - - - -
Net income 1 - - 1,003 779.6 402.3 558.1 - - - -
Net margin - - - - 5.06% 8.46% - - - -
EPS 2 1.390 0.9400 0.8700 0.6600 0.3400 0.5196 - - - -
Dividend per Share 2 - - - - - 0.4688 - - - 0.6672
Announcement Date 8/24/22 10/27/22 4/20/23 8/29/23 10/27/23 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - 27,935 30,095 30,151
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - 4.113 x 2.761 x 2.161 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 42.2% 13.5% 15.5% 55.2% 23.6% 10.4% 13% 15.1%
ROA (Net income/ Total Assets) - 6.62% 7.49% 75% 12.2% 4.4% 6.55% 5.33%
Assets 1 - 16,724 18,744 10,942 42,030 64,793 68,699 103,337
Book Value Per Share 2 8.460 9.060 10.30 18.70 22.20 24.30 27.70 32.00
Cash Flow per Share 2 1.330 1.460 1.340 3.450 -0.5800 5.810 8.690 9.130
Capex 1 2,261 1,463 1,303 2,641 11,473 14,988 8,574 8,164
Capex / Sales 20.42% 16.37% 14.53% 12.37% 48.5% 57.9% 22.54% 15.87%
Announcement Date 4/22/19 4/23/20 4/21/21 4/27/22 4/20/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
46.99 CNY
Average target price
66.1 CNY
Spread / Average Target
+40.66%
Consensus
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