Financials Maike Tube Industry Holdings Limited

Equities

1553

KYG5S6AA1055

Iron & Steel

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
1.14 HKD 0.00% Intraday chart for Maike Tube Industry Holdings Limited -6.56% -17.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022
Capitalization 1 573.8 584.2 466.6 432.9
Enterprise Value (EV) 1 588.3 474.3 556.3 458.6
P/E ratio 4.98 x 5.87 x 4.02 x 3.1 x
Yield - 7.5% 7.57% 8.92%
Capitalization / Revenue 0.51 x 0.47 x 0.26 x 0.21 x
EV / Revenue 0.52 x 0.38 x 0.31 x 0.22 x
EV / EBITDA 4.24 x 3.77 x 4.52 x 2.7 x
EV / FCF -10.8 x 5.56 x -2.65 x 16.3 x
FCF Yield -9.29% 18% -37.8% 6.13%
Price to Book 0.87 x 0.77 x 0.56 x 0.46 x
Nbr of stocks (in thousands) 433,800 433,800 433,800 433,800
Reference price 2 1.323 1.347 1.076 0.9980
Announcement Date 4/22/20 4/23/21 4/25/22 4/21/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 938.2 1,215 1,125 1,255 1,776 2,107
EBITDA 1 123.9 153.6 138.7 125.9 123.1 169.8
EBIT 1 107.1 136.9 120.9 103.9 100.2 139
Operating Margin 11.41% 11.27% 10.75% 8.28% 5.64% 6.6%
Earnings before Tax (EBT) 1 91.23 119.4 104.1 104.2 130.1 153.3
Net income 1 39.84 52.15 77.34 99.53 116 139.7
Net margin 4.25% 4.29% 6.87% 7.93% 6.53% 6.63%
EPS 2 0.2315 0.3025 0.2654 0.2294 0.2675 0.3220
Free Cash Flow 1 -19.12 52.08 -54.68 85.27 -210 28.09
FCF margin -2.04% 4.29% -4.86% 6.79% -11.83% 1.33%
FCF Conversion (EBITDA) - 33.9% - 67.75% - 16.54%
FCF Conversion (Net income) - 99.88% - 85.68% - 20.11%
Dividend per Share - - - 0.1010 0.0815 0.0890
Announcement Date 11/29/19 11/29/19 4/22/20 4/23/21 4/25/22 4/21/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 243 170 14.5 - 89.7 25.6
Net Cash position 1 - - - 110 - -
Leverage (Debt/EBITDA) 1.961 x 1.106 x 0.1046 x - 0.729 x 0.151 x
Free Cash Flow 1 -19.1 52.1 -54.7 85.3 -210 28.1
ROE (net income / shareholders' equity) 32.2% 30.8% 17.3% 14.1% 14.5% 15.7%
ROA (Net income/ Total Assets) 10.3% 11.2% 8.31% 6.46% 5.62% 6.92%
Assets 1 387.2 467.6 930.7 1,540 2,063 2,019
Book Value Per Share 2 0.8400 1.130 1.520 1.740 1.910 2.150
Cash Flow per Share 2 0.3100 0.2700 0.1900 0.2000 0.2000 0.1300
Capex 1 9.52 29 39.1 32.7 183 50.2
Capex / Sales 1.01% 2.38% 3.47% 2.6% 10.3% 2.38%
Announcement Date 11/29/19 11/29/19 4/22/20 4/23/21 4/25/22 4/21/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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