Financials Kangxin New Materials Co., Ltd

Equities

600076

CNE000000QB0

Non-Paper Containers & Packaging

End-of-day quote Shanghai S.E. 06:00:00 2024-07-18 pm EDT 5-day change 1st Jan Change
1.37 CNY +0.74% Intraday chart for Kangxin New Materials Co., Ltd -9.87% -48.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,240 4,540 3,754 5,096 3,926 3,563
Enterprise Value (EV) 1 5,512 5,222 5,643 7,067 6,025 5,661
P/E ratio 9.07 x 11.6 x -23.3 x 165 x -20.3 x -12 x
Yield 0.49% - - - - -
Capitalization / Revenue 1.85 x 2.26 x 3.67 x 3.96 x 8.79 x 14.5 x
EV / Revenue 2.41 x 2.59 x 5.52 x 5.49 x 13.5 x 23 x
EV / EBITDA 8.3 x 8.32 x 261 x 32.3 x -4,606 x -83.7 x
EV / FCF -8.89 x -115 x -6.12 x -11.8 x -132 x 95 x
FCF Yield -11.2% -0.87% -16.3% -8.48% -0.76% 1.05%
Price to Book 1.13 x 1.1 x 0.95 x 1.05 x 0.85 x 0.82 x
Nbr of stocks (in thousands) 1,034,264 1,034,264 1,034,264 1,344,543 1,344,543 1,344,543
Reference price 2 4.100 4.390 3.630 3.790 2.920 2.650
Announcement Date 3/19/19 5/19/20 4/27/21 4/2/22 4/22/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,290 2,013 1,023 1,286 446.7 246.3
EBITDA 1 663.9 627.6 21.63 218.5 -1.308 -67.64
EBIT 1 569.7 515.7 -99.72 93.24 -126.9 -193.3
Operating Margin 24.88% 25.63% -9.75% 7.25% -28.4% -78.47%
Earnings before Tax (EBT) 1 512.3 417.8 -202.3 28.64 -194.5 -284.8
Net income 1 467.6 390 -161.4 30.45 -193.5 -297.1
Net margin 20.42% 19.38% -15.78% 2.37% -43.33% -120.6%
EPS 2 0.4520 0.3771 -0.1560 0.0230 -0.1440 -0.2200
Free Cash Flow 1 -619.9 -45.39 -922.4 -599.1 -45.49 59.56
FCF margin -27.08% -2.26% -90.16% -46.58% -10.18% 24.18%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0200 - - - - -
Announcement Date 3/19/19 5/19/20 4/27/21 4/2/22 4/22/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,271 681 1,889 1,971 2,099 2,098
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.915 x 1.085 x 87.34 x 9.022 x -1,604 x -31.01 x
Free Cash Flow 1 -620 -45.4 -922 -599 -45.5 59.6
ROE (net income / shareholders' equity) 12.9% 9.74% -3.99% 0.62% -4.1% -6.4%
ROA (Net income/ Total Assets) 6.62% 5.18% -0.91% 0.77% -1.05% -1.7%
Assets 1 7,063 7,535 17,777 3,957 18,477 17,520
Book Value Per Share 2 3.620 3.980 3.820 3.600 3.450 3.230
Cash Flow per Share 2 0.2800 0.2600 0.3100 0.5200 0.1800 0.1300
Capex 1 579 240 305 86.6 40.5 8.01
Capex / Sales 25.3% 11.93% 29.85% 6.73% 9.07% 3.25%
Announcement Date 3/19/19 5/19/20 4/27/21 4/2/22 4/22/23 4/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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