Financials Shandong Fengxiang Co., Ltd

Equities

9977

CNE100003Y99

Food Processing

Market Closed - Hong Kong S.E. 03:08:35 2023-02-01 am EST 5-day change 1st Jan Change
1.52 HKD +0.66% Intraday chart for Shandong Fengxiang Co., Ltd -.--% -.--%

Valuation

Fiscal Period: December 2020 2021 2022
Capitalization 1 4,230 1,825 1,855
Enterprise Value (EV) 1 4,711 2,632 3,398
P/E ratio 23.9 x 35.8 x -2.39 x
Yield 0.99% - -
Capitalization / Revenue 1.08 x 0.41 x 0.36 x
EV / Revenue 1.21 x 0.6 x 0.67 x
EV / EBITDA 7.41 x 9.01 x 10.3 x
EV / FCF -13.6 x -5.59 x 6.05 x
FCF Yield -7.38% -17.9% 16.5%
Price to Book 1.25 x 0.54 x 0.71 x
Nbr of stocks (in thousands) 1,400,000 1,400,000 1,400,000
Reference price 2 3.022 1.304 1.325
Announcement Date 4/22/21 4/28/22 4/26/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,434 3,197 3,926 3,902 4,417 5,086
EBITDA 1 468.4 521.3 1,468 635.9 292.2 328.8
EBIT 1 345 373.4 1,304 461.5 81.17 78.35
Operating Margin 14.17% 11.68% 33.2% 11.83% 1.84% 1.54%
Earnings before Tax (EBT) 1 36.82 137.4 838.7 157.6 48.74 -768.3
Net income 1 37.5 140.4 837.5 152.6 50.91 -769
Net margin 1.54% 4.39% 21.33% 3.91% 1.15% -15.12%
EPS 2 0.0359 0.1343 0.8015 0.1263 0.0364 -0.5541
Free Cash Flow 1 -364.8 346 349.3 -347.5 -470.8 561.8
FCF margin -14.99% 10.82% 8.9% -8.91% -10.66% 11.05%
FCF Conversion (EBITDA) - 66.38% 23.79% - - 170.87%
FCF Conversion (Net income) - 246.48% 41.7% - - -
Dividend per Share - - - 0.0300 - -
Announcement Date 6/29/20 6/29/20 6/29/20 4/22/21 4/28/22 4/26/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 1,696 1,418 997 481 807 1,544
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.62 x 2.721 x 0.6789 x 0.7559 x 2.761 x 4.696 x
Free Cash Flow 1 -365 346 349 -347 -471 562
ROE (net income / shareholders' equity) 2.91% 9.98% 45.4% 5.37% 1.39% -25.6%
ROA (Net income/ Total Assets) 6.14% 6.13% 19.5% 5.65% 0.8% 0.81%
Assets 1 610.9 2,289 4,292 2,701 6,377 -95,484
Book Value Per Share 2 1.240 1.370 2.170 2.420 2.430 1.870
Cash Flow per Share 2 0.1500 0.2400 0.5400 0.9200 1.320 0.1000
Capex 1 579 183 302 609 577 292
Capex / Sales 23.77% 5.73% 7.7% 15.61% 13.07% 5.74%
Announcement Date 6/29/20 6/29/20 6/29/20 4/22/21 4/28/22 4/26/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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