Financials SINOPEC Engineering (Group) Co., Ltd.

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
4.93 ^HKD	-1.40%		-1.20%	+23.25%

Apr. 24	Sinopec Engineering Co., Ltd. Announces Board Changes	CI
Apr. 15	Sinopec Engineering Co., Ltd. Announces New Contract Value and Backlog	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,440	12,448	13,891	13,414	16,052	20,115	-	-
Enterprise Value (EV) ¹	1,600	4,334	-4,547	13,414	16,052	5,698	3,399	6,885
P/E ratio	8.5 x	5.21 x	6.54 x	5.83 x	6.86 x	7.59 x	7.18 x	7.27 x
Yield	7.68%	10.7%	9.98%	10.8%	-	8.44%	8.99%	8.57%
Capitalization / Revenue	0.35 x	0.24 x	0.24 x	0.25 x	0.29 x	0.34 x	0.32 x	0.37 x
EV / Revenue	0.03 x	0.08 x	-0.08 x	0.25 x	0.29 x	0.1 x	0.05 x	0.13 x
EV / EBITDA	0.59 x	1.52 x	-1.76 x	4.92 x	6 x	1.97 x	1.11 x	2.61 x
EV / FCF	-	-	-2.01 x	-	-	4.23 x	5.41 x	-
FCF Yield	-	-	-49.7%	-	-	23.7%	18.5%	-
Price to Book	0.68 x	0.44 x	0.48 x	0.45 x	-	0.62 x	0.59 x	0.57 x
Nbr of stocks (in thousands)	4,428,000	4,428,000	4,428,000	4,428,000	4,415,177	4,407,728	-	-
Reference price ²	4.165	2.811	3.137	3.029	3.636	4.564	4.564	4.564
Announcement Date	3/22/20	3/21/21	3/20/22	3/19/23	3/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	52,261	52,353	57,760	53,028	56,221	59,366	62,696	54,529
EBITDA ¹	2,700	2,854	2,576	2,727	2,677	2,887	3,075	2,637
EBIT ¹	2,017	2,204	1,702	1,181	1,727	2,034	2,301	2,019
Operating Margin	3.86%	4.21%	2.95%	2.23%	3.07%	3.43%	3.67%	3.7%
Earnings before Tax (EBT) ¹	2,827	3,011	2,592	2,762	2,764	3,341	3,590	-
Net income ¹	2,183	2,382	2,130	2,282	2,335	2,600	2,747	2,602
Net margin	4.18%	4.55%	3.69%	4.3%	4.15%	4.38%	4.38%	4.77%
EPS ²	0.4900	0.5400	0.4800	0.5200	0.5300	0.6010	0.6356	0.6273
Free Cash Flow ¹	-	-	2,261	-	-	1,348	628	-
FCF margin	-	-	3.91%	-	-	2.27%	1%	-
FCF Conversion (EBITDA)	-	-	87.76%	-	-	46.69%	20.42%	-
FCF Conversion (Net income)	-	-	106.16%	-	-	51.85%	22.86%	-
Dividend per Share ²	0.3200	0.3000	0.3130	0.3280	-	0.3850	0.4102	0.3911
Announcement Date	3/22/20	3/21/21	3/20/22	3/19/23	3/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	16,840	8,114	18,437	-	-	14,417	16,716	13,230
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	2,261	-	-	1,348	628	-
ROE (net income / shareholders' equity)	8.2%	8.58%	7.42%	7.6%	-	8.33%	8.75%	7.81%
ROA (Net income/ Total Assets)	3.1%	3.4%	3%	3%	-	3.23%	3.35%	3.25%
Assets ¹	70,434	70,056	70,986	76,060	-	80,481	81,964	80,049
Book Value Per Share ²	6.160	6.380	6.580	6.780	-	7.380	7.680	8.060
Cash Flow per Share ²	0.0700	0.6700	0.6600	1.540	-	0.4200	1.100	-
Capex ¹	371	452	683	-	-	1,080	937	-
Capex / Sales	0.71%	0.86%	1.18%	-	-	1.82%	1.49%	-
Announcement Date	3/22/20	3/21/21	3/20/22	3/19/23	3/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.564 CNY

Average target price

4.815 CNY

Spread / Average Target

+5.51%

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