SUZHOU HESHENG SPECIAL MATERIAL CO., LTD. Financials Suzhou Hesheng Special Material Co., Ltd.
Equities
002290
CNE100000FR8
Industrial Machinery & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.46 CNY | -0.96% |
|
+4.56% | +11.15% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,337 | 1,211 | 1,425 | 1,881 | 2,263 | 3,228 |
| Enterprise Value (EV) 1 | 3,021 | 1,541 | 1,772 | 2,154 | 2,441 | 3,168 |
| P/E ratio | 37 x | -1.01 x | 25.5 x | 23 x | 33.8 x | 39.4 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.35 x | 0.7 x | 0.78 x | 0.83 x | 1.06 x | 1.38 x |
| EV / Revenue | 1.74 x | 0.89 x | 0.97 x | 0.95 x | 1.14 x | 1.35 x |
| EV / EBITDA | 24.9 x | -1.42 x | 11.6 x | 13.5 x | 18.8 x | 24.8 x |
| EV / FCF | -40.1 x | 1.88 x | -85.8 x | 24.8 x | 26.5 x | 13.4 x |
| FCF Yield | -2.49% | 53.2% | -1.17% | 4.02% | 3.77% | 7.45% |
| Price to Book | 1.88 x | 3.14 x | 3.23 x | 3.56 x | 3.68 x | 4.57 x |
| Nbr of stocks (in thousands) | 242,712 | 242,712 | 242,712 | 247,812 | 248,112 | 248,112 |
| Reference price 2 | 9.630 | 4.990 | 5.870 | 7.590 | 9.120 | 13.01 |
| Announcement Date | 4/29/19 | 4/28/20 | 3/25/21 | 4/7/22 | 3/29/23 | 3/19/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,734 | 1,726 | 1,822 | 2,269 | 2,133 | 2,340 |
| EBITDA 1 | 121.4 | -1,086 | 153.4 | 159.4 | 130.1 | 127.9 |
| EBIT 1 | 91.38 | -1,117 | 123.8 | 134.8 | 107.9 | 99.89 |
| Operating Margin | 5.27% | -64.72% | 6.79% | 5.94% | 5.06% | 4.27% |
| Earnings before Tax (EBT) 1 | 96.82 | -1,187 | 73.86 | 100.4 | 80.14 | 95.71 |
| Net income 1 | 62.84 | -1,198 | 55.08 | 81.98 | 65.93 | 82.77 |
| Net margin | 3.62% | -69.42% | 3.02% | 3.61% | 3.09% | 3.54% |
| EPS 2 | 0.2600 | -4.940 | 0.2300 | 0.3300 | 0.2700 | 0.3300 |
| Free Cash Flow 1 | -75.34 | 819.7 | -20.66 | 86.69 | 92.05 | 236.1 |
| FCF margin | -4.34% | 47.49% | -1.13% | 3.82% | 4.31% | 10.09% |
| FCF Conversion (EBITDA) | - | - | - | 54.4% | 70.77% | 184.53% |
| FCF Conversion (Net income) | - | - | - | 105.74% | 139.61% | 285.2% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/29/19 | 4/28/20 | 3/25/21 | 4/7/22 | 3/29/23 | 3/19/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 683 | 330 | 347 | 273 | 178 | - |
| Net Cash position 1 | - | - | - | - | - | 59.7 |
| Leverage (Debt/EBITDA) | 5.63 x | -0.3036 x | 2.265 x | 1.714 x | 1.369 x | - |
| Free Cash Flow 1 | -75.3 | 820 | -20.7 | 86.7 | 92 | 236 |
| ROE (net income / shareholders' equity) | 5.13% | -147% | 13.3% | 16.9% | 11.5% | 12.5% |
| ROA (Net income/ Total Assets) | 1.73% | -28.5% | 5.21% | 5.47% | 4.26% | 3.79% |
| Assets 1 | 3,640 | 4,207 | 1,057 | 1,499 | 1,546 | 2,184 |
| Book Value Per Share 2 | 5.120 | 1.590 | 1.820 | 2.130 | 2.480 | 2.850 |
| Cash Flow per Share 2 | 1.600 | 1.330 | 1.040 | 1.100 | 0.9400 | 1.450 |
| Capex 1 | 11.6 | 9.69 | 10.1 | 21.8 | 40.3 | 15.6 |
| Capex / Sales | 0.67% | 0.56% | 0.56% | 0.96% | 1.89% | 0.66% |
| Announcement Date | 4/29/19 | 4/28/20 | 3/25/21 | 4/7/22 | 3/29/23 | 3/19/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +11.15% | 495M | |
| +15.05% | 8.49B | |
| +21.59% | 6.51B | |
| +5.76% | 4.68B | |
| +0.75% | 4.31B | |
| -14.26% | 3.27B | |
| -22.11% | 2.78B | |
| -0.43% | 2.54B | |
| -4.09% | 2.41B | |
| +15.79% | 2.2B |
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