SHANDONG HAIHUA CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.87 CNY | -1.72% |
|
-9.72% | +0.44% |
| Apr. 24 | Shandong Haihua Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 15 | Shandong Haihua Co.,Ltd Approves Cash Dividend (Tax Included) for 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,341 | 4,395 | 3,545 | 6,221 | 7,062 | 6,122 |
| Enterprise Value (EV) 1 | 3,881 | 3,492 | 3,189 | 4,897 | 5,811 | 5,560 |
| P/E ratio | 7.35 x | 27.3 x | -14.1 x | 10.2 x | 6.36 x | 5.85 x |
| Yield | 4.12% | 1.83% | - | 2.3% | 1.27% | 1.46% |
| Capitalization / Revenue | 0.82 x | 0.95 x | 0.96 x | 1.06 x | 0.73 x | 0.72 x |
| EV / Revenue | 0.74 x | 0.76 x | 0.86 x | 0.84 x | 0.6 x | 0.65 x |
| EV / EBITDA | 5.05 x | 7.48 x | -142 x | 4.55 x | 3.64 x | 3.48 x |
| EV / FCF | 7.6 x | 4.12 x | -114 x | 3.98 x | 5.89 x | -17.3 x |
| FCF Yield | 13.2% | 24.3% | -0.88% | 25.1% | 17% | -5.79% |
| Price to Book | 1.29 x | 1.31 x | 1.16 x | 1.75 x | 1.7 x | 1.18 x |
| Nbr of stocks (in thousands) | 895,092 | 895,092 | 895,092 | 895,092 | 895,092 | 895,092 |
| Reference price 2 | 4.850 | 4.910 | 3.960 | 6.950 | 7.890 | 6.840 |
| Announcement Date | 4/16/19 | 4/1/20 | 3/29/21 | 3/24/22 | 3/23/23 | 3/21/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,263 | 4,621 | 3,688 | 5,851 | 9,712 | 8,528 |
| EBITDA 1 | 769.2 | 466.8 | -22.42 | 1,077 | 1,598 | 1,598 |
| EBIT 1 | 554.7 | 182 | -332.9 | 809.5 | 1,297 | 1,296 |
| Operating Margin | 10.54% | 3.94% | -9.03% | 13.84% | 13.35% | 15.19% |
| Earnings before Tax (EBT) 1 | 618.2 | 216.7 | -298.5 | 830.5 | 1,436 | 1,350 |
| Net income 1 | 586.5 | 163 | -252.2 | 604.7 | 1,108 | 1,044 |
| Net margin | 11.15% | 3.53% | -6.84% | 10.34% | 11.41% | 12.24% |
| EPS 2 | 0.6600 | 0.1800 | -0.2800 | 0.6800 | 1.240 | 1.170 |
| Free Cash Flow 1 | 510.3 | 847.8 | -27.91 | 1,231 | 986.3 | -321.7 |
| FCF margin | 9.7% | 18.35% | -0.76% | 21.04% | 10.15% | -3.77% |
| FCF Conversion (EBITDA) | 66.34% | 181.63% | - | 114.26% | 61.73% | - |
| FCF Conversion (Net income) | 87.01% | 519.99% | - | 203.58% | 89.01% | - |
| Dividend per Share 2 | 0.2000 | 0.0900 | - | 0.1600 | 0.1000 | 0.1000 |
| Announcement Date | 4/16/19 | 4/1/20 | 3/29/21 | 3/24/22 | 3/23/23 | 3/21/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 |
|---|---|
| Net sales | - |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income 1 | 477.4 |
| Net margin | - |
| EPS 2 | 0.5300 |
| Dividend per Share | - |
| Announcement Date | 8/8/22 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 460 | 903 | 356 | 1,324 | 1,251 | 562 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 510 | 848 | -27.9 | 1,231 | 986 | -322 |
| ROE (net income / shareholders' equity) | 19.1% | 4.9% | -7.94% | 18.5% | 27.5% | 22.5% |
| ROA (Net income/ Total Assets) | 7.8% | 2.5% | -4.72% | 10.2% | 12.3% | 10.8% |
| Assets 1 | 7,520 | 6,522 | 5,349 | 5,903 | 8,984 | 9,654 |
| Book Value Per Share 2 | 3.770 | 3.760 | 3.400 | 3.960 | 4.640 | 5.790 |
| Cash Flow per Share 2 | 0.5100 | 1.010 | 0.4000 | 1.500 | 1.440 | 1.070 |
| Capex 1 | 80.5 | 33.8 | 23.9 | 29.1 | 132 | 185 |
| Capex / Sales | 1.53% | 0.73% | 0.65% | 0.5% | 1.36% | 2.17% |
| Announcement Date | 4/16/19 | 4/1/20 | 3/29/21 | 3/24/22 | 3/23/23 | 3/21/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.44% | 849M | |
| +5.14% | 103B | |
| -5.63% | 63.04B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.24B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +7.73% | 15.03B | |
| +16.93% | 14.96B |
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