Financials Pangang Group Vanadium & Titanium Resources Co., Ltd.

Equities

000629

CNE0000007H2

Specialty Mining & Metals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.22 CNY 0.00% Intraday chart for Pangang Group Vanadium & Titanium Resources Co., Ltd. +1.58% -1.83%

Valuation

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Capitalization 1 25,082 33,414 40,690 30,488 29,930 - -
Enterprise Value (EV) 1 25,082 33,414 40,690 30,488 29,930 29,930 29,930
P/E ratio 17.7 x 25.2 x 30.2 x 27.7 x 23 x 19.3 x 22.2 x
Yield - - - - 0.31% 0.31% 0.62%
Capitalization / Revenue 1.91 x 2.38 x 2.7 x 2.12 x 1.97 x 1.84 x 1.86 x
EV / Revenue 1.91 x 2.38 x 2.7 x 2.12 x 1.97 x 1.84 x 1.86 x
EV / EBITDA 14.1 x - - 19.8 x 14.5 x 13.1 x 19.6 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 2.69 x 4.44 x 4.63 x 2.51 x 2.23 x 2.03 x 1.91 x
Nbr of stocks (in thousands) 8,589,746 8,589,746 8,602,448 9,295,033 9,295,033 - -
Reference price 2 2.920 3.890 4.730 3.280 3.220 3.220 3.220
Announcement Date 3/30/20 3/28/22 3/27/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Net sales 1 13,159 14,060 15,088 14,380 15,228 16,268 16,079
EBITDA 1 1,777 - - 1,539 2,060 2,280 1,526
EBIT 1 1,521 1,724 1,470 1,211 1,563 1,787 1,536
Operating Margin 11.56% 12.26% 9.75% 8.42% 10.26% 10.98% 9.55%
Earnings before Tax (EBT) 1 1,515 1,688 1,460 1,182 1,539 1,762 1,507
Net income 1 1,419 1,328 1,344 1,058 1,325 1,524 1,348
Net margin 10.78% 9.44% 8.91% 7.35% 8.7% 9.37% 8.38%
EPS 2 0.1652 0.1546 0.1564 0.1183 0.1400 0.1667 0.1450
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - - - 0.0100 0.0100 0.0200
Announcement Date 3/30/20 3/28/22 3/27/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 16.5% 13.2% 16.5% 10.1% 9.8% 10.2% 8.5%
ROA (Net income/ Total Assets) - - 12.1% - 7.7% 9.65% 8.3%
Assets 1 - - 11,072 - 17,213 15,795 16,235
Book Value Per Share 2 1.090 0.8800 1.020 1.300 1.440 1.590 1.690
Cash Flow per Share 2 0.3800 0.2100 0.2300 0.0300 0.1000 0.1600 0.2000
Capex 1 44.7 26.4 9.93 478 850 137 446
Capex / Sales 0.34% 0.19% 0.07% 3.32% 5.58% 0.84% 2.77%
Announcement Date 3/30/20 3/28/22 3/27/23 3/25/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
3.22 CNY
Average target price
3.67 CNY
Spread / Average Target
+13.98%
Consensus

Annual profits - Rate of surprise

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