Financials Sinochem International Corporation

Equities

600500

CNE0000011R3

Diversified Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.12 CNY +3.26% Intraday chart for Sinochem International Corporation -1.90% -6.79%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 17,622 14,248 14,352 14,268 23,173 23,721
Enterprise Value (EV) 1 21,500 18,066 22,484 22,039 42,497 38,788
P/E ratio 27.3 x 15.5 x 31.2 x 47.9 x 11.1 x 14.4 x
Yield 1.18% 2.19% 3.02% 0.76% 0.93% 2.27%
Capitalization / Revenue 0.32 x 0.24 x 0.27 x 0.26 x 0.29 x 0.27 x
EV / Revenue 0.39 x 0.3 x 0.43 x 0.41 x 0.53 x 0.44 x
EV / EBITDA 7.36 x 4.72 x 6.77 x 5.57 x 8.74 x 9.15 x
EV / FCF -8.94 x -8.22 x -8.56 x 26.7 x -12 x -5.33 x
FCF Yield -11.2% -12.2% -11.7% 3.74% -8.35% -18.8%
Price to Book 1.63 x 1.27 x 1.09 x 1.1 x 1.93 x 1.07 x
Nbr of stocks (in thousands) 2,707,916 2,707,916 2,707,916 2,707,346 2,707,166 3,588,711
Reference price 2 6.508 5.262 5.300 5.270 8.560 6.610
Announcement Date 4/28/18 4/23/19 4/29/20 4/29/21 4/15/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 55,241 59,957 52,846 54,162 80,648 87,449
EBITDA 1 2,921 3,826 3,321 3,953 4,865 4,241
EBIT 1 1,612 2,459 2,044 2,385 3,402 2,676
Operating Margin 2.92% 4.1% 3.87% 4.4% 4.22% 3.06%
Earnings before Tax (EBT) 1 1,812 3,197 1,971 2,175 9,630 2,610
Net income 1 648 911.1 459.8 306.9 2,175 1,311
Net margin 1.17% 1.52% 0.87% 0.57% 2.7% 1.5%
EPS 2 0.2385 0.3385 0.1700 0.1100 0.7700 0.4581
Free Cash Flow 1 -2,405 -2,198 -2,627 824 -3,549 -7,273
FCF margin -4.35% -3.67% -4.97% 1.52% -4.4% -8.32%
FCF Conversion (EBITDA) - - - 20.84% - -
FCF Conversion (Net income) - - - 268.5% - -
Dividend per Share 2 0.0769 0.1154 0.1600 0.0400 0.0800 0.1500
Announcement Date 4/28/18 4/23/19 4/29/20 4/29/21 4/15/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 3,878 3,819 8,132 7,771 19,324 15,066
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.327 x 0.9981 x 2.449 x 1.966 x 3.972 x 3.553 x
Free Cash Flow 1 -2,405 -2,198 -2,627 824 -3,549 -7,273
ROE (net income / shareholders' equity) 5.68% 9.36% 6.48% 6.51% 27.4% 9.39%
ROA (Net income/ Total Assets) 1.84% 2.9% 2.48% 2.73% 3.73% 2.61%
Assets 1 35,276 31,444 18,535 11,229 58,268 50,226
Book Value Per Share 2 3.990 4.150 4.850 4.790 4.440 6.200
Cash Flow per Share 2 3.490 3.220 2.950 2.560 1.080 1.570
Capex 1 2,627 3,148 4,279 4,824 8,656 8,332
Capex / Sales 4.76% 5.25% 8.1% 8.91% 10.73% 9.53%
Announcement Date 4/28/18 4/23/19 4/29/20 4/29/21 4/15/22 4/27/23
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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