Financials Shanghai Xintonglian Packaging Co., Ltd.

Equities

603022

CNE1000025T7

Paper Packaging

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
8.29 CNY +0.48% Intraday chart for Shanghai Xintonglian Packaging Co., Ltd. +15.78% -19.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,360 2,546 2,486 2,480 1,782 2,060
Enterprise Value (EV) 1 1,289 2,501 2,455 2,797 1,728 1,970
P/E ratio 42.5 x 84.9 x 69.1 x 124 x 49.5 x 39.6 x
Yield 0.69% - - - 0.62% -
Capitalization / Revenue 2.04 x 3.72 x 3.65 x 3.4 x 2.25 x 2.38 x
EV / Revenue 1.94 x 3.65 x 3.6 x 3.84 x 2.18 x 2.28 x
EV / EBITDA 26.5 x 48.1 x 39.7 x 56 x 27.3 x 20.3 x
EV / FCF -34.9 x -60.4 x -87.8 x -7.4 x 4.6 x 26.6 x
FCF Yield -2.87% -1.65% -1.14% -13.5% 21.7% 3.77%
Price to Book 2.2 x 3.99 x 3.69 x 3.61 x 2.45 x 2.68 x
Nbr of stocks (in thousands) 200,000 200,000 200,000 200,000 200,000 200,000
Reference price 2 6.800 12.73 12.43 12.40 8.910 10.30
Announcement Date 4/22/19 4/9/20 4/20/21 4/27/22 4/24/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 665.5 684.8 681.5 728.5 793 863.8
EBITDA 1 48.64 51.96 61.79 49.98 63.19 97.13
EBIT 1 31.7 33.42 42.31 28.41 39.34 71.62
Operating Margin 4.76% 4.88% 6.21% 3.9% 4.96% 8.29%
Earnings before Tax (EBT) 1 38.69 37.44 43.11 26.33 41.66 65.46
Net income 1 31.31 29.75 35.97 20.59 35.36 51.68
Net margin 4.71% 4.34% 5.28% 2.83% 4.46% 5.98%
EPS 2 0.1600 0.1500 0.1800 0.1000 0.1800 0.2600
Free Cash Flow 1 -36.94 -41.39 -27.96 -378 375.9 74.19
FCF margin -5.55% -6.04% -4.1% -51.89% 47.4% 8.59%
FCF Conversion (EBITDA) - - - - 594.84% 76.38%
FCF Conversion (Net income) - - - - 1,062.95% 143.54%
Dividend per Share 2 0.0470 - - - 0.0550 -
Announcement Date 4/22/19 4/9/20 4/20/21 4/27/22 4/24/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 317 - -
Net Cash position 1 70.9 45 30.9 - 53.8 89.7
Leverage (Debt/EBITDA) - - - 6.343 x - -
Free Cash Flow 1 -36.9 -41.4 -28 -378 376 74.2
ROE (net income / shareholders' equity) 5.17% 4.74% 5.48% 3.03% 4.89% 6.86%
ROA (Net income/ Total Assets) 2.47% 2.5% 3.01% 1.61% 2.12% 4.39%
Assets 1 1,269 1,190 1,195 1,280 1,666 1,176
Book Value Per Share 2 3.090 3.190 3.360 3.440 3.640 3.850
Cash Flow per Share 2 0.7000 0.4400 0.3800 0.6300 0.6800 0.8200
Capex 1 90.2 95.7 57.9 39.6 41.8 34.3
Capex / Sales 13.56% 13.97% 8.49% 5.44% 5.27% 3.97%
Announcement Date 4/22/19 4/9/20 4/20/21 4/27/22 4/24/23 4/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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