Financials Shandong Dawn Polymer Co.,Ltd.

Equities

002838

CNE100002CD1

Specialty Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.9 CNY -0.73% Intraday chart for Shandong Dawn Polymer Co.,Ltd. +3.71% -14.91%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,418 4,351 10,477 6,692 7,903 5,739
Enterprise Value (EV) 1 4,582 4,493 10,048 6,786 7,713 6,064
P/E ratio 36.1 x 26.1 x 12.4 x 29.8 x 49.1 x 41.3 x
Yield 0.57% 1.15% 1.73% 0.34% 0.4% 0.51%
Capitalization / Revenue 3.24 x 1.59 x 2.37 x 1.57 x 1.75 x 1.26 x
EV / Revenue 3.36 x 1.64 x 2.27 x 1.59 x 1.7 x 1.33 x
EV / EBITDA 29.8 x 17.5 x 10.5 x 20.8 x 35.7 x 22.5 x
EV / FCF -20.7 x 238 x 30.8 x -16.7 x -17.4 x -26.3 x
FCF Yield -4.84% 0.42% 3.24% -5.98% -5.74% -3.8%
Price to Book 4.68 x 4.01 x 5.46 x 3.21 x 2.64 x 1.85 x
Nbr of stocks (in thousands) 403,200 407,028 407,028 408,051 446,975 447,986
Reference price 2 10.96 10.69 25.74 16.40 17.68 12.81
Announcement Date 4/23/19 4/8/20 3/25/21 3/17/22 3/28/23 4/1/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,363 2,735 4,422 4,261 4,526 4,544
EBITDA 1 153.9 256.2 954.2 326.2 216.2 269.6
EBIT 1 125.5 204.6 887 252.3 134 173.3
Operating Margin 9.21% 7.48% 20.06% 5.92% 2.96% 3.81%
Earnings before Tax (EBT) 1 140.1 198.4 1,001 266.3 168.8 169.2
Net income 1 122.4 166.2 855.1 226.1 152.3 140
Net margin 8.99% 6.08% 19.34% 5.31% 3.37% 3.08%
EPS 2 0.3036 0.4100 2.080 0.5500 0.3600 0.3100
Free Cash Flow 1 -221.8 18.92 325.7 -405.7 -442.5 -230.7
FCF margin -16.28% 0.69% 7.37% -9.52% -9.78% -5.08%
FCF Conversion (EBITDA) - 7.38% 34.13% - - -
FCF Conversion (Net income) - 11.38% 38.09% - - -
Dividend per Share 2 0.0625 0.1230 0.4460 0.0550 0.0700 0.0650
Announcement Date 4/23/19 4/8/20 3/25/21 3/17/22 3/28/23 4/1/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 164 142 - 93.7 - 325
Net Cash position 1 - - 429 - 190 -
Leverage (Debt/EBITDA) 1.068 x 0.5544 x - 0.2872 x - 1.207 x
Free Cash Flow 1 -222 18.9 326 -406 -443 -231
ROE (net income / shareholders' equity) 13.5% 16.5% 55.1% 11.8% 6.28% 4.88%
ROA (Net income/ Total Assets) 5.76% 7.01% 22.7% 5.15% 2.07% 2.16%
Assets 1 2,124 2,371 3,769 4,392 7,361 6,490
Book Value Per Share 2 2.340 2.670 4.710 5.110 6.700 6.910
Cash Flow per Share 2 0.3600 0.5400 1.010 0.8700 0.8300 1.080
Capex 1 89.9 76 188 230 386 245
Capex / Sales 6.6% 2.78% 4.25% 5.39% 8.52% 5.4%
Announcement Date 4/23/19 4/8/20 3/25/21 3/17/22 3/28/23 4/1/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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