Financials Shanxi Meijin Energy Co.,Ltd.

Equities

000723

CNE0000005J2

Iron & Steel

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.2 CNY +1.81% Intraday chart for Shanxi Meijin Energy Co.,Ltd. -1.12% -6.91%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 13,133 38,656 27,242 69,306 39,025 28,813
Enterprise Value (EV) 1 15,506 40,143 28,365 70,489 38,564 28,271
P/E ratio 7.3 x 41 x 39.3 x 27.1 x 17.7 x 95.1 x
Yield 6.23% - - 1.23% - -
Capitalization / Revenue 0.87 x 2.74 x 2.12 x 3.26 x 1.59 x 1.38 x
EV / Revenue 1.02 x 2.85 x 2.21 x 3.31 x 1.57 x 1.36 x
EV / EBITDA 4.21 x 15.9 x 11.3 x 12.1 x 8.01 x 12.9 x
EV / FCF 8.6 x 25.7 x 12.4 x 30.6 x 15.7 x -40 x
FCF Yield 11.6% 3.9% 8.07% 3.27% 6.37% -2.5%
Price to Book 1.85 x 4.73 x 2.85 x 5.58 x 2.59 x 1.32 x
Nbr of stocks (in thousands) 4,091,369 4,099,263 4,078,093 4,270,271 4,326,444 4,326,229
Reference price 2 3.210 9.430 6.680 16.23 9.020 6.660
Announcement Date 3/17/19 4/24/20 4/29/21 4/27/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 15,147 14,090 12,846 21,288 24,600 20,811
EBITDA 1 3,684 2,521 2,521 5,812 4,817 2,185
EBIT 1 2,988 1,726 1,661 4,729 3,424 791.8
Operating Margin 19.73% 12.25% 12.93% 22.21% 13.92% 3.8%
Earnings before Tax (EBT) 1 2,760 1,476 1,140 4,082 2,995 382.6
Net income 1 1,797 955.7 704.5 2,567 2,209 289
Net margin 11.87% 6.78% 5.48% 12.06% 8.98% 1.39%
EPS 2 0.4400 0.2300 0.1700 0.6000 0.5100 0.0700
Free Cash Flow 1 1,803 1,564 2,290 2,306 2,458 -706.7
FCF margin 11.9% 11.1% 17.83% 10.83% 9.99% -3.4%
FCF Conversion (EBITDA) 48.94% 62.02% 90.84% 39.68% 51.02% -
FCF Conversion (Net income) 100.32% 163.63% 325.11% 89.85% 111.24% -
Dividend per Share 2 0.2000 - - 0.2000 - -
Announcement Date 3/17/19 4/24/20 4/29/21 4/27/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,373 1,487 1,123 1,182 - -
Net Cash position 1 - - - - 461 542
Leverage (Debt/EBITDA) 0.6441 x 0.5899 x 0.4455 x 0.2034 x - -
Free Cash Flow 1 1,803 1,564 2,290 2,306 2,458 -707
ROE (net income / shareholders' equity) 24.5% 12.5% 8.38% 24% 14.5% 0.94%
ROA (Net income/ Total Assets) 10.7% 5.63% 4.62% 10.5% 6.49% 1.25%
Assets 1 16,809 16,974 15,255 24,542 34,035 23,092
Book Value Per Share 2 1.740 1.990 2.340 2.910 3.480 5.030
Cash Flow per Share 2 0.3000 0.3800 0.6500 0.3500 1.160 2.060
Capex 1 748 912 2,626 2,056 2,668 5,506
Capex / Sales 4.94% 6.47% 20.44% 9.66% 10.85% 26.46%
Announcement Date 3/17/19 4/24/20 4/29/21 4/27/22 4/25/23 4/26/24
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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