SHANDONG CHENMING PAPER HOLDINGS LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.84 CNY | -0.26% |
|
-2.78% | -1.03% |
| Apr. 26 | Court Dismisses Chenming Paper's Appeal Against Winding-Up Stay | MT |
| Apr. 15 | Shandong Chenming Paper Holdings Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,391 | 14,075 | 15,710 | 10,935 | 8,358 | 8,103 | - | - |
| Enterprise Value (EV) 1 | 46,029 | 45,885 | 47,146 | 41,976 | 38,022 | 36,694 | 35,899 | 33,590 |
| P/E ratio | 15.4 x | 17.8 x | 12.9 x | 166 x | -8.62 x | -26.5 x | -64 x | -768 x |
| Yield | 2.95% | 2.88% | - | - | - | - | - | - |
| Capitalization / Revenue | 0.41 x | 0.46 x | 0.48 x | 0.34 x | 0.31 x | 0.3 x | 0.29 x | 0.28 x |
| EV / Revenue | 1.51 x | 1.49 x | 1.43 x | 1.31 x | 1.43 x | 1.36 x | 1.29 x | 1.17 x |
| EV / EBITDA | 6.73 x | 11.7 x | 6.77 x | 9.72 x | 21.1 x | 19.9 x | 20.3 x | 19.8 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.59 x | 1.02 x | 1.13 x | 0.82 x | - | 0.65 x | 0.63 x | 0.61 x |
| Nbr of stocks (in thousands) | 2,904,608 | 2,904,608 | 2,904,608 | 2,900,142 | 2,877,213 | 2,877,213 | - | - |
| Reference price 2 | 5.090 | 6.420 | 7.240 | 4.980 | 3.880 | 3.840 | 3.840 | 3.840 |
| Announcement Date | 3/27/20 | 3/25/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,395 | 30,737 | 33,020 | 32,004 | 26,609 | 27,019 | 27,925 | 28,724 |
| EBITDA 1 | 6,835 | 3,905 | 6,961 | 4,319 | 1,804 | 1,839 | 1,767 | 1,700 |
| EBIT 1 | 1,584 | 1,585 | 4,543 | 2,001 | -515.4 | -221.1 | -235.5 | -247 |
| Operating Margin | 5.21% | 5.16% | 13.76% | 6.25% | -1.94% | -0.82% | -0.84% | -0.86% |
| Earnings before Tax (EBT) 1 | 2,048 | 2,172 | 2,306 | 182.3 | - | 148.3 | 602.8 | 829.6 |
| Net income 1 | 1,657 | 1,712 | 2,066 | 189.3 | -1,281 | -426.2 | -179 | -22.83 |
| Net margin | 5.45% | 5.57% | 6.26% | 0.59% | -4.82% | -1.58% | -0.64% | -0.08% |
| EPS 2 | 0.3300 | 0.3600 | 0.5600 | 0.0300 | -0.4500 | -0.1450 | -0.0600 | -0.005000 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1500 | 0.1850 | - | - | - | - | - | - |
| Announcement Date | 3/27/20 | 3/25/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,047 | 13,600 | 17,137 | 17,173 | 15,847 | 16,676 | 15,328 | 12,565 | 14,044 | 12,616 | 12,493 | 12,484 | 12,608 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 2,324 | 1,072 | 284.5 | 1,716 | -903.9 | -403.7 | -104.2 | -116.9 | -124.1 | -111.4 |
| Operating Margin | - | - | - | 13.53% | 6.76% | 1.71% | 11.2% | -7.19% | -2.87% | -0.83% | -0.94% | -0.99% | -0.88% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.3170 | 0.0510 | 0.3100 | 0.6040 | -0.0440 | 0.0640 | -0.0340 | -0.2500 | -0.2000 | -0.1700 | -0.1700 | -0.1700 | -0.1600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/27/20 | 8/10/20 | 3/25/21 | 8/26/21 | 3/30/22 | 8/30/22 | 3/30/23 | 8/30/23 | 3/28/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 33,638 | 31,809 | 31,436 | 31,040 | 29,664 | 28,591 | 27,796 | 25,486 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.921 x | 8.145 x | 4.516 x | 7.187 x | 16.44 x | 15.54 x | 15.73 x | 14.99 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.57% | 5.84% | 9.53% | 0.55% | - | 0.82% | 3.39% | 4.69% |
| ROA (Net income/ Total Assets) | 1.63% | 1.81% | 2.37% | - | - | - | - | - |
| Assets 1 | 101,630 | 94,744 | 87,208 | - | - | - | - | - |
| Book Value Per Share 2 | 8.670 | 6.300 | 6.400 | 6.070 | - | 5.940 | 6.090 | 6.340 |
| Cash Flow per Share 2 | 4.210 | 3.770 | 2.880 | 1.160 | - | -0.2900 | 2.970 | 0.3700 |
| Capex | 975 | 122 | 415 | 653 | - | - | - | - |
| Capex / Sales | 3.21% | 0.4% | 1.26% | 2.04% | - | - | - | - |
| Announcement Date | 3/27/20 | 3/25/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
3.84
CNY
Average target price
2.3
CNY
Spread / Average Target
-40.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.03% | 1.13B | |
| -3.35% | 18.89B | |
| +7.25% | 10.35B | |
| +1.39% | 6.18B | |
| +12.94% | 5.08B | |
| +13.94% | 4B | |
| +17.02% | 3.22B | |
| +63.30% | 2.68B | |
| +12.70% | 1.82B | |
| +15.61% | 1.53B |
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- 000488 Stock
- Financials Shandong Chenming Paper Holdings Limited
