LINGYUAN IRON & STEEL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.69 CNY | +1.81% |
|
-1.74% | -21.40% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,399 | 7,648 | 6,955 | 7,587 | 6,132 | 6,132 |
| Enterprise Value (EV) 1 | 7,696 | 7,191 | 5,513 | 5,507 | 5,428 | 5,590 |
| P/E ratio | 6.21 x | 18.4 x | 13.2 x | 8.31 x | -7.41 x | -8.96 x |
| Yield | 1.65% | 1.78% | 2.39% | 3.65% | - | - |
| Capitalization / Revenue | 0.36 x | 0.36 x | 0.34 x | 0.29 x | 0.28 x | 0.3 x |
| EV / Revenue | 0.37 x | 0.34 x | 0.27 x | 0.21 x | 0.25 x | 0.28 x |
| EV / EBITDA | 3.09 x | 4.97 x | 3.87 x | 2.91 x | -19.9 x | -21.5 x |
| EV / FCF | 5.33 x | 6.96 x | 4.09 x | 5.4 x | 14.5 x | 7.83 x |
| FCF Yield | 18.8% | 14.4% | 24.5% | 18.5% | 6.89% | 12.8% |
| Price to Book | 0.99 x | 0.99 x | 0.84 x | 0.82 x | 0.75 x | 0.79 x |
| Nbr of stocks (in thousands) | 2,771,083 | 2,771,083 | 2,771,083 | 2,852,129 | 2,852,155 | 2,852,159 |
| Reference price 2 | 2.670 | 2.760 | 2.510 | 2.660 | 2.150 | 2.150 |
| Announcement Date | 3/2/19 | 4/29/20 | 4/29/21 | 3/1/22 | 4/28/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 20,777 | 21,117 | 20,297 | 26,154 | 21,558 | 20,321 |
| EBITDA 1 | 2,490 | 1,446 | 1,425 | 1,890 | -272.2 | -260 |
| EBIT 1 | 1,889 | 827.9 | 818 | 1,250 | -980 | -732.2 |
| Operating Margin | 9.09% | 3.92% | 4.03% | 4.78% | -4.55% | -3.6% |
| Earnings before Tax (EBT) 1 | 1,643 | 592.2 | 760.7 | 1,209 | -1,094 | -916.2 |
| Net income 1 | 1,197 | 427.7 | 558.1 | 918.7 | -833.7 | -681.2 |
| Net margin | 5.76% | 2.03% | 2.75% | 3.51% | -3.87% | -3.35% |
| EPS 2 | 0.4300 | 0.1500 | 0.1900 | 0.3200 | -0.2900 | -0.2400 |
| Free Cash Flow 1 | 1,445 | 1,033 | 1,349 | 1,020 | 373.8 | 714.2 |
| FCF margin | 6.95% | 4.89% | 6.65% | 3.9% | 1.73% | 3.51% |
| FCF Conversion (EBITDA) | 58.03% | 71.45% | 94.71% | 53.94% | - | - |
| FCF Conversion (Net income) | 120.68% | 241.52% | 241.76% | 111.01% | - | - |
| Dividend per Share 2 | 0.0440 | 0.0490 | 0.0600 | 0.0970 | - | - |
| Announcement Date | 3/2/19 | 4/29/20 | 4/29/21 | 3/1/22 | 4/28/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 297 | - | - | - | - | - |
| Net Cash position 1 | - | 457 | 1,443 | 2,079 | 704 | 542 |
| Leverage (Debt/EBITDA) | 0.1194 x | - | - | - | - | - |
| Free Cash Flow 1 | 1,445 | 1,033 | 1,349 | 1,020 | 374 | 714 |
| ROE (net income / shareholders' equity) | 17.3% | 5.63% | 6.96% | 10.5% | -9.58% | -8.75% |
| ROA (Net income/ Total Assets) | 7.68% | 3.25% | 3.21% | 4.65% | -3.58% | -2.77% |
| Assets 1 | 15,600 | 13,180 | 17,406 | 19,761 | 23,299 | 24,626 |
| Book Value Per Share 2 | 2.690 | 2.800 | 2.990 | 3.240 | 2.860 | 2.720 |
| Cash Flow per Share 2 | 1.110 | 0.9300 | 1.230 | 1.480 | 0.9900 | 1.070 |
| Capex 1 | 79.3 | 82.2 | 375 | 258 | 219 | 585 |
| Capex / Sales | 0.38% | 0.39% | 1.85% | 0.99% | 1.01% | 2.88% |
| Announcement Date | 3/2/19 | 4/29/20 | 4/29/21 | 3/1/22 | 4/28/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -21.40% | 665M | |
| +1.77% | 25.86B | |
| +19.56% | 21.23B | |
| -9.07% | 11.73B | |
| +26.03% | 11.2B | |
| +11.54% | 10.91B | |
| +10.96% | 10.15B | |
| +2.61% | 8.56B | |
| +3.56% | 7.32B | |
| +22.36% | 6.92B |
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- Financials Lingyuan Iron & Steel Co., Ltd.
