Financials Ningxia Qinglong Pipes Industry Group Co., Ltd.

Equities

002457

CNE100000S41

Construction Materials

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
8.29 CNY +0.85% Intraday chart for Ningxia Qinglong Pipes Industry Group Co., Ltd. +2.73% -11.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,693 2,656 2,489 2,798 2,688 3,128
Enterprise Value (EV) 1 2,633 2,559 2,279 2,870 2,735 3,175
P/E ratio 36.5 x 17.3 x 14.9 x 19.5 x 16.1 x 134 x
Yield 1.24% 1.85% 2.42% 2.15% 2.48% 0.96%
Capitalization / Revenue 1.86 x 1.33 x 1.21 x 1.15 x 1.04 x 1.52 x
EV / Revenue 1.82 x 1.28 x 1.1 x 1.18 x 1.06 x 1.54 x
EV / EBITDA 16.3 x 7.3 x 8.86 x 10.4 x 10 x 23 x
EV / FCF -6.68 x 13.2 x -85.1 x -8.01 x -25.9 x 40.7 x
FCF Yield -15% 7.59% -1.18% -12.5% -3.87% 2.46%
Price to Book 1.46 x 1.38 x 1.19 x 1.28 x 1.16 x 1.38 x
Nbr of stocks (in thousands) 334,992 327,536 334,992 334,312 333,487 333,487
Reference price 2 8.040 8.110 7.430 8.370 8.060 9.380
Announcement Date 4/26/19 4/28/20 4/27/21 3/29/22 3/29/23 4/9/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,447 1,999 2,064 2,437 2,574 2,061
EBITDA 1 161.3 350.6 257.1 276.2 272.7 137.9
EBIT 1 80.18 229 174.3 189.2 188.4 61.02
Operating Margin 5.54% 11.45% 8.44% 7.76% 7.32% 2.96%
Earnings before Tax (EBT) 1 95.06 199.4 203.2 179.5 205.1 59.68
Net income 1 73.8 156.8 167.5 143 168.2 24.87
Net margin 5.1% 7.84% 8.11% 5.87% 6.54% 1.21%
EPS 2 0.2200 0.4700 0.5000 0.4300 0.5000 0.0700
Free Cash Flow 1 -393.9 194.2 -26.79 -358.3 -105.7 77.95
FCF margin -27.23% 9.72% -1.3% -14.7% -4.11% 3.78%
FCF Conversion (EBITDA) - 55.4% - - - 56.51%
FCF Conversion (Net income) - 123.84% - - - 313.41%
Dividend per Share 2 0.1000 0.1500 0.1800 0.1800 0.2000 0.0900
Announcement Date 4/26/19 4/28/20 4/27/21 3/29/22 3/29/23 4/9/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 71.6 46.7 47
Net Cash position 1 60 97.3 210 - - -
Leverage (Debt/EBITDA) - - - 0.2591 x 0.1711 x 0.3407 x
Free Cash Flow 1 -394 194 -26.8 -358 -106 78
ROE (net income / shareholders' equity) 4.1% 8.08% 8.31% 6.86% 7.91% 1.78%
ROA (Net income/ Total Assets) 1.76% 4.44% 3.02% 3.08% 2.88% 0.9%
Assets 1 4,183 3,529 5,548 4,641 5,844 2,762
Book Value Per Share 2 5.520 5.880 6.260 6.550 6.930 6.820
Cash Flow per Share 2 0.6800 1.540 1.510 1.020 1.170 1.320
Capex 1 83.6 190 149 70.9 73.5 228
Capex / Sales 5.78% 9.5% 7.23% 2.91% 2.85% 11.06%
Announcement Date 4/26/19 4/28/20 4/27/21 3/29/22 3/29/23 4/9/24
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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