Financials PhiChem Corporation

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
12.04 ^CNY	+6.17%		+14.89%	-23.60%

Apr. 29	PhiChem Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 28	PhiChem Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	7,739	9,063	12,373	9,004	8,262	6,311	-
Enterprise Value (EV) ¹	7,739	9,063	12,373	9,404	8,979	6,455	6,316
P/E ratio	29.9 x	39.5 x	32.2 x	20.4 x	75 x	13.1 x	10.8 x
Yield	-	0.37%	0.29%	0.47%	0.51%	1.29%	2.16%
Capitalization / Revenue	5.11 x	4.86 x	4.71 x	3.1 x	3.03 x	1.74 x	1.45 x
EV / Revenue	5.11 x	4.86 x	4.71 x	3.24 x	3.29 x	1.78 x	1.45 x
EV / EBITDA	19.8 x	23.3 x	20.5 x	14.6 x	26.9 x	8.4 x	7.02 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	3.21 x	3.47 x	3.93 x	2.56 x	2.17 x	1.44 x	1.28 x
Nbr of stocks (in thousands)	517,642	510,305	512,138	524,380	524,209	524,210	-
Reference price ²	14.95	17.76	24.16	17.17	15.76	12.04	12.04
Announcement Date	2/27/20	3/17/21	3/30/22	3/30/23	4/28/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1,513	1,864	2,627	2,907	2,729	3,621	4,355
EBITDA ¹	390.3	388.2	602.9	643.9	333.6	768.5	899.9
EBIT ¹	305.8	275.9	478.3	495	151.4	565.7	700.2
Operating Margin	20.21%	14.8%	18.21%	17.03%	5.55%	15.63%	16.08%
Earnings before Tax (EBT) ¹	303.8	274.9	474.4	493.1	151.2	549.1	674.3
Net income ¹	255.1	229.8	385.9	434.6	112.4	477.4	590.2
Net margin	16.86%	12.33%	14.69%	14.95%	4.12%	13.19%	13.55%
EPS ²	0.5000	0.4500	0.7500	0.8400	0.2100	0.9200	1.120
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.0650	0.0700	0.0800	0.0800	0.1550	0.2600
Announcement Date	2/27/20	3/17/21	3/30/22	3/30/23	4/28/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	400	717	144	4.52
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.6213 x	2.15 x	0.1873 x	0.005025 x
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.1%	9.03%	10.7%	12.7%	2.99%	11.1%	12.2%
ROA (Net income/ Total Assets)	6.21%	4.48%	5.62%	-	-	6.1%	-
Assets ¹	4,110	5,135	6,861	-	-	7,826	-
Book Value Per Share ²	4.660	5.120	6.150	6.720	7.250	8.370	9.370
Cash Flow per Share ²	0.3600	0.3300	0.5000	0.7600	0.5500	0.9400	1.680
Capex ¹	267	261	266	195	271	394	598
Capex / Sales	17.68%	14%	10.11%	6.7%	9.93%	10.87%	13.73%
Announcement Date	2/27/20	3/17/21	3/30/22	3/30/23	4/28/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.04 CNY

Average target price

18.85 CNY

Spread / Average Target

+56.59%

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