Financials ShanDongDenghai Seeds Co.,Ltd

Equities

002041

CNE000001LQ7

Fishing & Farming

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.76 CNY +0.83% Intraday chart for ShanDongDenghai Seeds Co.,Ltd +4.95% -26.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,474 19,642 22,695 17,442 11,642 8,589 - -
Enterprise Value (EV) 1 8,474 19,642 22,695 16,304 10,333 7,970 7,532 7,460
P/E ratio 204 x 193 x 97.5 x 68.9 x 45.5 x 28.7 x 20.4 x 18.5 x
Yield 0.62% 0.16% 0.14% - 0.27% 0.87% 0.8% 0.92%
Capitalization / Revenue 10.3 x 21.8 x 20.6 x 13.2 x 7.5 x 5.27 x 4.38 x 4.04 x
EV / Revenue 10.3 x 21.8 x 20.6 x 12.3 x 6.66 x 4.89 x 3.84 x 3.51 x
EV / EBITDA 171 x 133 x 70.9 x 44.7 x 28.7 x 25 x 17.1 x 15.1 x
EV / FCF - - 73.9 x - 172 x 28.4 x 30.6 x 18.8 x
FCF Yield - - 1.35% - 0.58% 3.53% 3.27% 5.32%
Price to Book 2.98 x 6.8 x 7.35 x 5.26 x 3.26 x 2.25 x 2.04 x 1.89 x
Nbr of stocks (in thousands) 880,000 880,000 880,000 880,000 880,000 880,000 - -
Reference price 2 9.630 22.32 25.79 19.82 13.23 9.760 9.760 9.760
Announcement Date 2/28/20 3/4/21 3/15/22 4/24/23 4/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 823.2 900.7 1,101 1,326 1,552 1,630 1,961 2,124
EBITDA 1 49.61 147.4 320.1 364.9 360.3 319.3 441.1 493.4
EBIT 1 -27.69 73.34 254.1 298.9 298.2 339 465.6 525.2
Operating Margin -3.36% 8.14% 23.09% 22.55% 19.21% 20.81% 23.74% 24.73%
Earnings before Tax (EBT) 1 -29.89 69.03 239.6 292.9 301 339.6 473.4 525.9
Net income 1 41.58 102 232.8 253.2 255.8 306.7 417.3 466.2
Net margin 5.05% 11.32% 21.15% 19.1% 16.48% 18.82% 21.28% 21.95%
EPS 2 0.0473 0.1159 0.2645 0.2878 0.2907 0.3400 0.4775 0.5267
Free Cash Flow 1 - - 307 - 60.23 281 246 397
FCF margin - - 27.89% - 3.88% 17.24% 12.54% 18.69%
FCF Conversion (EBITDA) - - 95.9% - 16.72% 88% 55.77% 80.46%
FCF Conversion (Net income) - - 131.87% - 23.55% 91.61% 58.96% 85.16%
Dividend per Share 2 0.0600 0.0350 0.0360 - 0.0360 0.0850 0.0780 0.0900
Announcement Date 2/28/20 3/4/21 3/15/22 4/24/23 4/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 439.7 886.1 363.9 1,155 400.7 1,197
EBITDA - - - - - -
EBIT 114.1 184.9 - - - -
Operating Margin 25.95% 20.86% - - - -
Earnings before Tax (EBT) - - - - - -
Net income - - - - - -
Net margin - - - - - -
EPS - - - - - -
Dividend per Share - - - - - -
Announcement Date 8/28/22 4/24/23 - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 1,138 1,310 619 1,057 1,128
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 307 - 60.2 281 246 397
ROE (net income / shareholders' equity) 1.48% 3.56% 7.79% 7.92% 7.43% 7.85% 9.76% 9.92%
ROA (Net income/ Total Assets) 1.12% 2.72% - - - 6.47% 7.3% 8.7%
Assets 1 3,723 3,752 - - - 4,743 5,716 5,358
Book Value Per Share 2 3.230 3.280 3.510 3.770 4.060 4.350 4.790 5.150
Cash Flow per Share 2 0.2300 0.4200 0.4200 0.0400 0.2000 0.4100 0.5500 0.6000
Capex 1 46.8 29.7 58.5 70.4 119 104 97.4 132
Capex / Sales 5.69% 3.29% 5.31% 5.31% 7.65% 6.4% 4.97% 6.23%
Announcement Date 2/28/20 3/4/21 3/15/22 4/24/23 4/22/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
9.76 CNY
Average target price
13.11 CNY
Spread / Average Target
+34.30%
Consensus

Quarterly revenue - Rate of surprise

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