JIANGSU BAICHUAN HIGH-TECH NEW MATERIALS CO., LTD Financials Jiangsu Baichuan High-Tech New Materials Co., Ltd
Equities
002455
CNE100000S25
Specialty Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8 CNY | +7.67% |
|
+0.50% | +7.82% |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,958 | 2,600 | 3,191 | 2,980 | 7,498 | 5,511 |
| Enterprise Value (EV) 1 | 4,970 | 2,684 | 3,653 | 4,304 | 9,427 | 9,204 |
| P/E ratio | 43.6 x | 25.2 x | 50.6 x | 45.5 x | 32.3 x | 42.2 x |
| Yield | 1.04% | 1.99% | 2.13% | 1.69% | 0.38% | 0.54% |
| Capitalization / Revenue | 2.01 x | 0.86 x | 1.24 x | 1.36 x | 1.86 x | 1.33 x |
| EV / Revenue | 2.02 x | 0.89 x | 1.42 x | 1.97 x | 2.34 x | 2.23 x |
| EV / EBITDA | 22.1 x | 10.3 x | 16.8 x | 24.5 x | 19.3 x | 18.5 x |
| EV / FCF | 140 x | -199 x | -10.1 x | -5.53 x | -8.94 x | -4.27 x |
| FCF Yield | 0.71% | -0.5% | -9.87% | -18.1% | -11.2% | -23.4% |
| Price to Book | 3.74 x | 1.94 x | 2.4 x | 2.08 x | 3.93 x | 2.32 x |
| Nbr of stocks (in thousands) | 516,977 | 516,977 | 504,166 | 504,202 | 565,866 | 593,165 |
| Reference price 2 | 9.590 | 5.030 | 6.330 | 5.910 | 13.25 | 9.290 |
| Announcement Date | 4/25/18 | 4/24/19 | 4/27/20 | 4/26/21 | 2/28/22 | 4/7/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,465 | 3,027 | 2,575 | 2,187 | 4,021 | 4,131 |
| EBITDA 1 | 224.9 | 260.2 | 218.1 | 175.6 | 487.5 | 498.3 |
| EBIT 1 | 122.7 | 149.3 | 104.5 | 57.92 | 303.9 | 202.7 |
| Operating Margin | 4.98% | 4.93% | 4.06% | 2.65% | 7.56% | 4.91% |
| Earnings before Tax (EBT) 1 | 122.2 | 121.9 | 73.02 | 74.38 | 253.3 | 127.9 |
| Net income 1 | 104.6 | 105.8 | 64.72 | 66.46 | 228.3 | 135.8 |
| Net margin | 4.24% | 3.5% | 2.51% | 3.04% | 5.68% | 3.29% |
| EPS 2 | 0.2200 | 0.2000 | 0.1252 | 0.1300 | 0.4100 | 0.2200 |
| Free Cash Flow 1 | 35.39 | -13.46 | -360.8 | -778.5 | -1,055 | -2,155 |
| FCF margin | 1.44% | -0.44% | -14.01% | -35.6% | -26.23% | -52.17% |
| FCF Conversion (EBITDA) | 15.73% | - | - | - | - | - |
| FCF Conversion (Net income) | 33.84% | - | - | - | - | - |
| Dividend per Share 2 | 0.1000 | 0.1000 | 0.1350 | 0.1000 | 0.0500 | 0.0500 |
| Announcement Date | 4/25/18 | 4/24/19 | 4/27/20 | 4/26/21 | 2/28/22 | 4/7/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 12.4 | 83.3 | 462 | 1,325 | 1,929 | 3,693 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.0551 x | 0.32 x | 2.119 x | 7.543 x | 3.957 x | 7.412 x |
| Free Cash Flow 1 | 35.4 | -13.5 | -361 | -778 | -1,055 | -2,155 |
| ROE (net income / shareholders' equity) | 9.62% | 7.94% | 4.85% | 4.13% | 10.7% | 4.77% |
| ROA (Net income/ Total Assets) | 3.36% | 3.43% | 2.29% | 0.92% | 3.11% | 1.47% |
| Assets 1 | 3,111 | 3,087 | 2,821 | 7,221 | 7,337 | 9,255 |
| Book Value Per Share 2 | 2.560 | 2.590 | 2.640 | 2.850 | 3.370 | 4.000 |
| Cash Flow per Share 2 | 1.220 | 1.450 | 1.040 | 1.150 | 1.530 | 1.720 |
| Capex 1 | 112 | 235 | 456 | 936 | 1,561 | 2,343 |
| Capex / Sales | 4.55% | 7.75% | 17.7% | 42.79% | 38.81% | 56.72% |
| Announcement Date | 4/25/18 | 4/24/19 | 4/27/20 | 4/26/21 | 2/28/22 | 4/7/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.82% | 608M | |
| +11.65% | 63.22B | |
| -3.51% | 46.34B | |
| +13.09% | 39.97B | |
| +17.83% | 25.46B | |
| +8.37% | 18.68B | |
| +0.84% | 17.24B | |
| -20.33% | 15.81B | |
| +0.36% | 14.9B | |
| -13.32% | 13.74B |
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