Stock 603650 RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Financials Red Avenue New Materials Group Co., Ltd.

Equities

603650

CNE1000036G1

Specialty Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
29.22 CNY -0.78% Intraday chart for Red Avenue New Materials Group Co., Ltd. +6.41% -12.25%
Apr. 24 Red Avenue New Materials Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Feb. 07 Red Avenue New Materials Group Co., Ltd. announces an Equity Buyback for CNY 120 million worth of its shares. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,208 18,166 30,049 18,378 19,974 17,527 - -
Enterprise Value (EV) 1 10,208 18,166 30,049 18,378 19,974 17,527 17,527 17,527
P/E ratio 31.1 x 44.3 x 91.5 x 62.9 x 49 x 33.2 x 28.8 x 24.1 x
Yield - - 0.18% 0.26% 1.77% 0.48% 0.55% 0.65%
Capitalization / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 4.75 x 3.98 x 3.48 x
EV / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 4.75 x 3.98 x 3.48 x
EV / EBITDA 23.7 x 34.2 x - - 35.2 x 31.5 x 23.9 x 24.5 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.54 x 7.42 x 11 x 6.15 x 5.96 x 4.56 x 4.07 x 3.51 x
Nbr of stocks (in thousands) 585,988 585,988 597,152 596,121 599,831 599,831 - -
Reference price 2 17.42 31.00 50.32 30.83 33.30 29.22 29.22 29.22
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,208 2,046 2,308 2,500 2,944 3,687 4,405 5,034
EBITDA 1 431.5 530.7 - - 566.9 556 732 714
EBIT 1 364.2 468.9 333.7 302.1 427.4 555 650.3 764
Operating Margin 16.49% 22.92% 14.46% 12.08% 14.52% 15.05% 14.76% 15.18%
Earnings before Tax (EBT) 1 378.1 467.1 334.8 305.7 427 555 618 764
Net income 1 330.6 410.5 326.6 298.2 406.6 528 606.9 727
Net margin 14.97% 20.06% 14.15% 11.93% 13.81% 14.32% 13.78% 14.44%
EPS 2 0.5600 0.7000 0.5500 0.4900 0.6800 0.8800 1.013 1.210
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0900 0.0800 0.5900 0.1400 0.1600 0.1900
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
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) 15.1% 17.5% 12.8% 10.3% 12.6% 13.8% 14.1% 14.5%
ROA (Net income/ Total Assets) - - 6.18% 4.64% - 6.57% 7.13% 7.83%
Assets 1 - - 5,283 6,421 - 8,037 8,518 9,285
Book Value Per Share 2 3.840 4.180 4.570 5.010 5.590 6.410 7.180 8.330
Cash Flow per Share 2 0.7100 0.3500 - 0.1700 0.3100 0.8800 0.7100 0.9700
Capex 1 71 80.4 - 344 141 124 97 182
Capex / Sales 3.21% 3.93% - 13.77% 4.79% 3.35% 2.2% 3.62%
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
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

Ratings for Red Avenue New Materials Group Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
29.22
Average target price
-
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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