Financials Jiangsu Cnano Technology Co., Ltd.

Equities

688116

CNE100003P90

Commodity Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
29.36 CNY -3.48% Intraday chart for Jiangsu Cnano Technology Co., Ltd. +8.30% +1.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,501 14,375 34,669 17,937 9,924 10,059 - -
Enterprise Value (EV) 1 7,501 14,228 34,511 18,190 9,828 10,802 11,098 11,180
P/E ratio 55.8 x 132 x 118 x 42.4 x 33.4 x 25.4 x 16.6 x 14 x
Yield - 0.11% 0.05% 0.12% 1.03% 0.58% 0.94% 1.29%
Capitalization / Revenue 19.4 x 30.5 x 26.3 x 9.74 x 7.07 x 4.96 x 3.46 x 3.1 x
EV / Revenue 19.4 x 30.2 x 26.1 x 9.88 x 7 x 5.33 x 3.82 x 3.45 x
EV / EBITDA - 92.4 x 93.7 x - 21.5 x 17.5 x 12.3 x 10.5 x
EV / FCF - - -142 x -57.5 x -34.5 x -6.37 x -9.11 x -
FCF Yield - - -0.71% -1.74% -2.9% -15.7% -11% -
Price to Book - 8.66 x 17.5 x 7.39 x 3.81 x 3.26 x 2.75 x 2.39 x
Nbr of stocks (in thousands) 343,150 343,150 343,699 344,131 341,744 342,614 - -
Reference price 2 21.86 41.89 100.9 52.12 29.04 29.36 29.36 29.36
Announcement Date 4/28/20 2/23/21 2/24/22 2/24/23 2/9/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 386.4 471.8 1,320 1,842 1,404 2,027 2,908 3,243
EBITDA 1 - 154 368.3 - 457.4 617.2 901.7 1,065
EBIT 1 - 126.6 332.7 476.5 356.3 390.8 624.1 830
Operating Margin - 26.83% 25.2% 25.87% 25.37% 19.28% 21.46% 25.6%
Earnings before Tax (EBT) 1 - 122.9 337.3 474.8 351.5 450.7 688.2 824.1
Net income 1 - 107.3 295.9 424.2 297.2 396.9 608.7 719.8
Net margin - 22.73% 22.42% 23.04% 21.16% 19.58% 20.93% 22.2%
EPS 2 0.3919 0.3176 0.8581 1.230 0.8700 1.154 1.770 2.091
Free Cash Flow 1 - - -243.8 -316.2 -285.2 -1,696 -1,218 -
FCF margin - - -18.47% -17.17% -20.31% -83.68% -41.88% -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.0473 0.0466 0.0642 0.3000 0.1713 0.2766 0.3797
Announcement Date 4/28/20 2/23/21 2/24/22 2/24/23 2/9/24 - - -
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 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 408.3 480.5 460.8 501.1 399.2 - 362.3 417.3 345.9 443.3 562.8 562.8 572 715
EBITDA - - - - - - - - - - - - - -
EBIT 1 100.6 116.5 124.5 138.3 97.27 - 68.27 92.12 163.1 109.2 126.7 126.7 144.9 181.1
Operating Margin 24.63% 24.24% 27.02% 27.59% 24.37% - 18.84% 22.08% 47.15% 24.65% 22.51% 22.51% 25.33% 25.33%
Earnings before Tax (EBT) 1 - - - - - - 63.8 84.28 158.1 104.8 125 125 140.1 176.3
Net income 1 - - - - - - 50.15 71.65 135.6 94.96 112.3 112.3 123.1 154.9
Net margin - - - - - - 13.84% 17.17% 39.21% 21.42% 19.96% 19.96% 21.51% 21.66%
EPS 2 0.2635 0.2905 0.3040 0.3581 0.2770 - 0.0900 0.2100 0.4000 0.2756 0.3259 0.3259 0.3572 0.4495
Dividend per Share 2 0.0466 - - - 0.0642 - - - 0.3000 - - 0.1625 - -
Announcement Date 2/24/22 4/28/22 8/24/22 10/23/22 2/24/23 5/29/23 8/29/23 10/27/23 2/9/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 253 - 743 1,038 1,120
Net Cash position 1 - 148 158 - 96.4 - - -
Leverage (Debt/EBITDA) - - - - - 1.204 x 1.152 x 1.052 x
Free Cash Flow 1 - - -244 -316 -285 -1,696 -1,218 -
ROE (net income / shareholders' equity) - 6.64% 16.3% 18.7% 11.6% 13.3% 17.3% 18%
ROA (Net income/ Total Assets) - - - 12.4% - 8.3% - -
Assets 1 - - - 3,430 - 4,782 - -
Book Value Per Share 2 - 4.840 5.770 7.050 7.630 9.000 10.70 12.30
Cash Flow per Share 2 - 0.1900 0.0800 0.3100 0.8700 0.9800 2.360 1.610
Capex 1 - 123 273 424 585 578 920 566
Capex / Sales - 26.08% 20.67% 23.01% 41.63% 28.5% 31.63% 17.45%
Announcement Date 4/28/20 2/23/21 2/24/22 2/24/23 2/9/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
29.36 CNY
Average target price
32.4 CNY
Spread / Average Target
+10.35%
Consensus
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