Financials Qifeng New Material Co., Ltd.

Equities

002521

CNE100000XK6

Paper Products

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
11.73 CNY -1.43% Intraday chart for Qifeng New Material Co., Ltd. -1.26% +41.84%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,755 2,948 2,686 3,097 2,498 4,091
Enterprise Value (EV) 1 2,483 2,395 1,770 2,117 2,034 3,762
P/E ratio 46.4 x 22.1 x 17 x 19 x 253 x 17.2 x
Yield 0.9% 1.68% 1.84% 1.6% 1.98% 2.42%
Capitalization / Revenue 0.75 x 0.91 x 0.96 x 0.84 x 0.8 x 1.12 x
EV / Revenue 0.67 x 0.74 x 0.63 x 0.57 x 0.65 x 1.03 x
EV / EBITDA 12.6 x 8.08 x 5.75 x 7.01 x 14.4 x 8.39 x
EV / FCF 7.47 x 9.57 x 3.21 x 7.43 x -7.46 x 16.8 x
FCF Yield 13.4% 10.4% 31.2% 13.5% -13.4% 5.97%
Price to Book 0.82 x 0.85 x 0.77 x 0.86 x 0.7 x 1.1 x
Nbr of stocks (in thousands) 494,686 494,686 494,686 494,686 494,686 494,686
Reference price 2 5.570 5.960 5.430 6.260 5.050 8.270
Announcement Date 4/12/19 3/6/20 3/26/21 4/22/22 4/3/23 4/12/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,679 3,250 2,811 3,702 3,119 3,661
EBITDA 1 197 296.5 307.6 302.2 141.3 448.2
EBIT 1 58.25 156.3 166.8 155.5 -1.964 287.6
Operating Margin 1.58% 4.81% 5.93% 4.2% -0.06% 7.86%
Earnings before Tax (EBT) 1 60.59 145.7 186.3 183.1 0.3908 288.4
Net income 1 58.35 132.7 159.9 165.2 8.476 236.8
Net margin 1.59% 4.08% 5.69% 4.46% 0.27% 6.47%
EPS 2 0.1200 0.2700 0.3200 0.3300 0.0200 0.4800
Free Cash Flow 1 332.5 250.2 551.3 285.1 -272.7 224.5
FCF margin 9.04% 7.7% 19.61% 7.7% -8.75% 6.13%
FCF Conversion (EBITDA) 168.8% 84.41% 179.25% 94.35% - 50.09%
FCF Conversion (Net income) 569.88% 188.55% 344.73% 172.55% - 94.81%
Dividend per Share 2 0.0500 0.1000 0.1000 0.1000 0.1000 0.2000
Announcement Date 4/12/19 3/6/20 3/26/21 4/22/22 4/3/23 4/12/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 272 553 916 979 464 329
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 333 250 551 285 -273 224
ROE (net income / shareholders' equity) 1.72% 3.87% 4.65% 4.71% 0.26% 6.53%
ROA (Net income/ Total Assets) 0.83% 2.24% 2.29% 1.98% -0.03% 3.69%
Assets 1 7,070 5,912 6,981 8,333 -33,903 6,420
Book Value Per Share 2 6.820 7.040 7.020 7.250 7.170 7.550
Cash Flow per Share 2 0.2500 0.3100 0.9000 1.110 0.8500 0.9400
Capex 1 20.3 23.9 57.9 49.4 129 271
Capex / Sales 0.55% 0.74% 2.06% 1.33% 4.14% 7.4%
Announcement Date 4/12/19 3/6/20 3/26/21 4/22/22 4/3/23 4/12/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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