Financials Huaxin Cement Co., Ltd.

Equities

600801

CNE000000DC6

Construction Materials

End-of-day quote Shanghai S.E. 06:00:00 2024-04-11 pm EDT 5-day change 1st Jan Change
14.47 CNY -2.10% Intraday chart for Huaxin Cement Co., Ltd. +1.19% +16.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 46,620 38,022 34,434 25,501 21,148 24,694 - -
Enterprise Value (EV) 1 45,717 37,328 35,864 35,191 35,251 38,522 37,841 32,857
P/E ratio 8.72 x 7.64 x 7.48 x 11.6 x 9.42 x 9.92 x 8.2 x 8.16 x
Yield 4.58% 5.24% 5.18% 3.44% 4.26% 3.78% 4.83% 4.49%
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 4.33 x 3.88 x 3.35 x
EV / FCF 8.08 x 7.67 x 25.5 x -11.3 x 21.9 x 8.68 x 12.1 x 7.5 x
FCF Yield 12.4% 13% 3.93% -8.85% 4.56% 11.5% 8.27% 13.3%
Price to Book 2.6 x 1.83 x 1.37 x 1.13 x 0.89 x 0.98 x 0.91 x 0.86 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 14.47 14.47 14.47
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 Q3 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 1 - 10,010 6,531 - - - - 9,301 15,832 8,333 9,592 5,966 - - -
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 1,125 1,800 671.8 915.1 - 474.2 248 944.6 1,193 681.8 887.8 273 - - -
Net margin - 17.98% 10.29% - - - - 10.16% 7.53% 8.18% 9.26% 4.58% - - -
EPS 2 0.5400 0.8600 0.3200 0.4500 0.3000 0.2100 0.1200 0.4600 - 0.3300 0.4200 0.1200 0.3400 0.3600 0.4500
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/28/21 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 - - - -
1CNY in Million2CNY
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% - 4.63% 5.15% 5.23%
Assets 1 34,903 40,289 48,239 58,396 - 65,495 71,259 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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
14.68 CNY
Average target price
16.54 CNY
Spread / Average Target
+12.70%
Consensus
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  4. Financials Huaxin Cement Co., Ltd.