Financials Puyang Huicheng Electronic Material Co., Ltd.

Equities

300481

CNE1000020Z5

Specialty Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
13.76 CNY +2.99% Intraday chart for Puyang Huicheng Electronic Material Co., Ltd. 0.00% -21.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,609 5,216 7,147 7,922 5,171 4,078 - -
Enterprise Value (EV) 1 4,609 5,216 7,147 7,922 5,171 4,078 4,078 4,078
P/E ratio 32 x 29 x 26.8 x 18.7 x 21.8 x 14.4 x 11.7 x 9.52 x
Yield - 0.99% 1.66% - - 2.18% 2.62% 2.98%
Capitalization / Revenue 6.83 x 5.71 x 5.13 x 4.96 x 3.75 x 2.39 x 2.03 x 1.74 x
EV / Revenue 6.83 x 5.71 x 5.13 x 4.96 x 3.75 x 2.39 x 2.03 x 1.74 x
EV / EBITDA - 21.5 x 21.5 x - 16 x 11.5 x 9.12 x 7.03 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - 5.21 x 3.59 x 3.41 x 2.11 x 1.56 x 1.43 x 1.29 x
Nbr of stocks (in thousands) 257,064 257,060 296,192 296,382 296,359 296,359 - -
Reference price 2 17.93 20.29 24.13 26.73 17.45 13.76 13.76 13.76
Announcement Date 2/17/20 2/26/21 2/28/22 2/27/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 675.2 912.9 1,393 1,597 1,379 1,704 2,007 2,343
EBITDA 1 - 242.1 332.1 - 324 354 447 580
EBIT 1 - 209.8 290.9 484.6 265.3 324 398 487.5
Operating Margin - 22.98% 20.88% 30.35% 19.23% 19.01% 19.83% 20.81%
Earnings before Tax (EBT) 1 - 209.6 290.2 483.2 264.8 323 396.5 486.5
Net income 1 - 180.2 252.7 422.3 235.1 283.9 349 428.5
Net margin - 19.73% 18.14% 26.44% 17.05% 16.66% 17.39% 18.29%
EPS 2 0.5600 0.7000 0.9000 1.430 0.8000 0.9550 1.175 1.445
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2000 0.4000 - - 0.3000 0.3600 0.4100
Announcement Date 2/17/20 2/26/21 2/28/22 2/27/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - 19.5% 16.3% 19.7% 9.93% 10.9% 12.2% 13.6%
ROA (Net income/ Total Assets) - 17.5% 11.5% - 15% 9.3% 10.2% 11.3%
Assets 1 - 1,031 2,206 - 1,566 3,053 3,421 3,809
Book Value Per Share 2 - 3.890 6.730 7.830 8.250 8.820 9.650 10.70
Cash Flow per Share 2 - 0.2300 0.3100 0.9700 - 0.9200 1.180 1.350
Capex 1 - 85.2 189 206 184 163 187 191
Capex / Sales - 9.33% 13.55% 12.91% 13.37% 9.53% 9.29% 8.13%
Announcement Date 2/17/20 2/26/21 2/28/22 2/27/23 3/29/24 - - -
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
BUY
Number of Analysts
2
Last Close Price
13.76 CNY
Average target price
19 CNY
Spread / Average Target
+38.08%
Consensus

Annual profits - Rate of surprise

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