Financials Hubei Huitian New Materials Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7.94 ^CNY	+0.51%		-1.37%	-20.76%

Apr. 15	Hubei Huitian New Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Apr. 02	Hubei Huitian New Materials Co., Ltd. completed the acquisition of 51% stake in Anqing Hualan Technology Co., Ltd. from Huangshan Supply and Marketing Group Co., Ltd., Huangshan Hongdao Investment Management Co., Ltd., Lu Biao and Zhang Sen	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,083	5,952	7,722	7,032	5,519	4,370	-	-
Enterprise Value (EV) ¹	4,083	5,952	7,722	7,032	5,519	4,370	4,370	4,370
P/E ratio	26.5 x	26.4 x	35.2 x	24.2 x	20.7 x	13 x	10.1 x	9.13 x
Yield	1.78%	-	-	0.92%	1%	1.26%	1.51%	1.89%
Capitalization / Revenue	2.17 x	2.75 x	2.61 x	1.89 x	1.41 x	1.01 x	0.85 x	0.78 x
EV / Revenue	2.17 x	2.75 x	2.61 x	1.89 x	1.41 x	1.01 x	0.85 x	0.78 x
EV / EBITDA	16.7 x	18.9 x	25.6 x	17.5 x	12.9 x	7.18 x	6.16 x	5.2 x
EV / FCF	-	-	-	-32,189,908 x	-	-	-	-
FCF Yield	-	-	-	-0%	-	-	-	-
Price to Book	2.57 x	3.17 x	3.63 x	2.71 x	2.04 x	1.42 x	1.25 x	1.14 x
Nbr of stocks (in thousands)	523,426	541,471	541,471	560,155	550,749	550,356	-	-
Reference price ²	7.800	10.99	14.26	12.55	10.02	7.940	7.940	7.940
Announcement Date	2/27/20	2/8/21	4/22/22	4/17/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,880	2,164	2,954	3,714	3,902	4,329	5,128	5,614
EBITDA ¹	244.8	315.6	301.5	401	429.1	608.7	709	840
EBIT ¹	182.1	248.9	241.4	318.4	332.4	386.7	491.5	549.7
Operating Margin	9.69%	11.5%	8.17%	8.57%	8.52%	8.93%	9.58%	9.79%
Earnings before Tax (EBT) ¹	183.6	247.3	243.3	316.8	331.7	384	489.8	546.7
Net income ¹	158.2	218.2	227.4	291.7	298.7	341.6	436	487
Net margin	8.41%	10.08%	7.7%	7.85%	7.66%	7.89%	8.5%	8.68%
EPS ²	0.2945	0.4168	0.4052	0.5178	0.4848	0.6100	0.7825	0.8700
Free Cash Flow	-	-	-	-218.5	-	-	-	-
FCF margin	-	-	-	-5.88%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1385	-	-	0.1154	0.1000	0.1000	0.1200	0.1500
Announcement Date	2/27/20	2/8/21	4/22/22	4/17/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-218	-	-	-	-
ROE (net income / shareholders' equity)	9.18%	12.4%	10.9%	12.4%	10.6%	10.8%	12.1%	12.3%
ROA (Net income/ Total Assets)	6.12%	7.49%	5.89%	4.87%	-	5.34%	5.95%	6.33%
Assets ¹	2,584	2,914	3,859	5,990	-	6,398	7,327	7,694
Book Value Per Share ²	3.030	3.470	3.930	4.630	4.920	5.570	6.340	6.990
Cash Flow per Share ²	0.4000	0.2300	0.2200	0.2400	1.200	0.8800	0.7800	0.9700
Capex ¹	84	95.3	361	352	281	332	275	286
Capex / Sales	4.47%	4.41%	12.23%	9.48%	7.2%	7.66%	5.37%	5.09%
Announcement Date	2/27/20	2/8/21	4/22/22	4/17/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.94 CNY

Average target price

12.51 CNY

Spread / Average Target

+57.56%

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