HUAXIN CEMENT CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.72 CNY | +0.48% |
|
-0.88% | +18.42% |
| Apr. 26 | Huaxin Cement Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 29 | Huaxin Cement Posts 2% Growth in 2023 Profit as Revenue Rises 11% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 46,620 | 38,022 | 34,434 | 25,501 | 21,148 | 24,752 | - | - |
| Enterprise Value (EV) 1 | 45,717 | 37,328 | 35,864 | 35,191 | 35,251 | 38,580 | 37,899 | 32,915 |
| P/E ratio | 8.72 x | 7.64 x | 7.48 x | 11.6 x | 9.42 x | 10.1 x | 8.34 x | 8.3 x |
| Yield | 4.58% | 5.24% | 5.18% | 3.44% | 4.26% | 3.72% | 4.74% | 4.42% |
| Capitalization / Revenue | 1.48 x | 1.3 x | 1.06 x | 0.84 x | 0.63 x | 0.69 x | 0.61 x | 0.61 x |
| EV / Revenue | 1.45 x | 1.27 x | 1.1 x | 1.15 x | 1.04 x | 1.07 x | 0.93 x | 0.81 x |
| EV / EBITDA | 4.34 x | 3.92 x | 3.73 x | 5.36 x | 4.47 x | 4.34 x | 3.89 x | 3.35 x |
| EV / FCF | 8.08 x | 7.67 x | 25.5 x | -11.3 x | 21.9 x | 8.69 x | 12.1 x | 7.52 x |
| FCF Yield | 12.4% | 13% | 3.93% | -8.85% | 4.56% | 11.5% | 8.26% | 13.3% |
| Price to Book | 2.6 x | 1.83 x | 1.37 x | 1.13 x | 0.89 x | 0.99 x | 0.92 x | 0.88 x |
| Nbr of stocks (in thousands) | 2,096,600 | 2,073,911 | 2,073,911 | 2,073,911 | 2,073,911 | 2,073,911 | - | - |
| Reference price 2 | 26.43 | 20.63 | 19.30 | 14.82 | 12.43 | 14.72 | 14.72 | 14.72 |
| Announcement Date | 4/29/20 | 2/24/21 | 3/29/22 | 3/28/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,439 | 29,357 | 32,464 | 30,470 | 33,757 | 35,940 | 40,646 | 40,680 |
| EBITDA 1 | 10,527 | 9,523 | 9,624 | 6,568 | 7,886 | 8,895 | 9,753 | 9,811 |
| EBIT 1 | 8,744 | 7,699 | 7,444 | 4,023 | 4,352 | 4,688 | 5,572 | 5,677 |
| Operating Margin | 27.81% | 26.23% | 22.93% | 13.2% | 12.89% | 13.04% | 13.71% | 13.96% |
| Earnings before Tax (EBT) 1 | 8,716 | 7,664 | 7,373 | 3,988 | 4,326 | 4,642 | 5,490 | 5,630 |
| Net income 1 | 6,342 | 5,632 | 5,364 | 2,699 | 2,762 | 3,032 | 3,672 | 3,685 |
| Net margin | 20.17% | 19.18% | 16.52% | 8.86% | 8.18% | 8.44% | 9.03% | 9.06% |
| EPS 2 | 3.030 | 2.700 | 2.580 | 1.280 | 1.320 | 1.459 | 1.765 | 1.773 |
| Free Cash Flow 1 | 5,658 | 4,868 | 1,409 | -3,114 | 1,606 | 4,440 | 3,131 | 4,378 |
| FCF margin | 18% | 16.58% | 4.34% | -10.22% | 4.76% | 12.35% | 7.7% | 10.76% |
| FCF Conversion (EBITDA) | 53.75% | 51.12% | 14.64% | - | 20.37% | 49.91% | 32.1% | 44.62% |
| FCF Conversion (Net income) | 89.21% | 86.44% | 26.26% | - | 58.15% | 146.42% | 85.27% | 118.79% |
| Dividend per Share 2 | 1.210 | 1.080 | 1.000 | 0.5100 | 0.5300 | 0.5475 | 0.6983 | 0.6500 |
| Announcement Date | 4/29/20 | 2/24/21 | 3/29/22 | 3/28/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 10,010 | 6,531 | - | - | - | - | 9,301 | 15,832 | 8,333 | 9,592 | 7,084 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 2,478 | 899.7 | - | - | - | - | - | - | - | 1,442 | - | - | - | - |
| Operating Margin | 24.76% | 13.78% | - | - | - | - | - | - | - | 15.03% | - | - | - | - |
| Earnings before Tax (EBT) | 2,433 | - | - | - | - | - | - | - | - | 1,447 | - | - | - | - |
| Net income | 1,800 | 671.8 | 915.1 | - | 474.2 | 248 | 944.6 | 1,193 | 681.8 | 887.8 | 177.5 | - | - | - |
| Net margin | 17.98% | 10.29% | - | - | - | - | 10.16% | 7.53% | 8.18% | 9.26% | 2.51% | - | - | - |
| EPS 1 | 0.8600 | 0.3200 | 0.4500 | 0.3000 | 0.2100 | 0.1200 | 0.4600 | - | 0.3300 | 0.4200 | 0.0800 | 0.3400 | 0.3600 | 0.4500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/29/22 | 4/27/22 | 8/24/22 | 10/26/22 | 3/28/23 | 4/27/23 | 8/1/23 | 8/1/23 | 10/27/23 | 3/28/24 | 4/26/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,430 | 9,690 | 14,103 | 13,827 | 13,147 | 8,162 |
| Net Cash position 1 | 903 | 694 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.1486 x | 1.475 x | 1.788 x | 1.554 x | 1.348 x | 0.832 x |
| Free Cash Flow 1 | 5,658 | 4,868 | 1,409 | -3,114 | 1,606 | 4,440 | 3,131 | 4,378 |
| ROE (net income / shareholders' equity) | 33.6% | 23.9% | 21.3% | 10% | 9.82% | 9.74% | 10.8% | 10.5% |
| ROA (Net income/ Total Assets) | 18.2% | 14% | 11.1% | 4.62% | 4.15% | 4.63% | 5.15% | 5.23% |
| Assets 1 | 34,903 | 40,289 | 48,239 | 58,396 | 66,522 | 65,495 | 71,260 | 70,511 |
| Book Value Per Share 2 | 10.20 | 11.30 | 14.10 | 13.10 | 13.90 | 14.80 | 15.90 | 16.70 |
| Cash Flow per Share 2 | 4.620 | 4.010 | 3.650 | 2.180 | 3.000 | 4.360 | 4.090 | 4.330 |
| Capex 1 | 4,021 | 3,537 | 6,186 | 7,682 | 4,629 | 6,250 | 6,304 | 5,873 |
| Capex / Sales | 12.79% | 12.05% | 19.06% | 25.21% | 13.71% | 17.39% | 15.51% | 14.44% |
| Announcement Date | 4/29/20 | 2/24/21 | 3/29/22 | 3/28/23 | 3/28/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
14.72
CNY
Average target price
16.54
CNY
Spread / Average Target
+12.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.42% | 3.42B | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B | |
| +14.55% | 5.7B |
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