Financials Suzhou Shihua New Material Technology Co., Ltd.

Equities

688093

CNE1000042C8

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
15.15 CNY +3.55% Intraday chart for Suzhou Shihua New Material Technology Co., Ltd. +6.99% -16.80%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 4,267 6,416 4,257 4,783
Enterprise Value (EV) 1 3,775 6,231 4,040 4,122
P/E ratio 27 x 34.9 x 23 x 23.6 x
Yield 0.81% 0.32% 2.27% 1.98%
Capitalization / Revenue 13 x 15.1 x 9.21 x 9.35 x
EV / Revenue 11.5 x 14.6 x 8.74 x 8.06 x
EV / EBITDA 25.3 x 34.8 x 20 x 18.7 x
EV / FCF -106 x -135 x -18.7 x -71.9 x
FCF Yield -0.94% -0.74% -5.35% -1.39%
Price to Book 3.91 x 5.14 x 3.01 x 2.53 x
Nbr of stocks (in thousands) 240,800 240,800 241,072 262,631
Reference price 2 17.72 26.64 17.66 18.21
Announcement Date 4/28/21 4/28/22 4/17/23 4/17/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 256.2 241 329 425.4 462.3 511.5
EBITDA 1 73.52 92.28 149.1 179.2 202 220.8
EBIT 1 66.98 84.84 142.9 168.7 185 192.7
Operating Margin 26.14% 35.21% 43.43% 39.65% 40.02% 37.67%
Earnings before Tax (EBT) 1 69.32 94.53 150 215.1 213.5 226.3
Net income 1 54.78 81.58 128.9 184.3 185.4 193.5
Net margin 21.38% 33.85% 39.19% 43.32% 40.1% 37.82%
EPS 2 0.3000 0.4500 0.6571 0.7643 0.7690 0.7700
Free Cash Flow 1 21.41 -6.693 -35.46 -46.03 -216.3 -57.3
FCF margin 8.36% -2.78% -10.78% -10.82% -46.78% -11.2%
FCF Conversion (EBITDA) 29.12% - - - - -
FCF Conversion (Net income) 39.08% - - - - -
Dividend per Share - 0.0714 0.1429 0.0857 0.4000 0.3600
Announcement Date 9/10/20 9/10/20 4/28/21 4/28/22 4/17/23 4/17/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 64 54.2 492 185 217 661
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 21.4 -6.69 -35.5 -46 -216 -57.3
ROE (net income / shareholders' equity) 32.1% 33.4% 18.9% 15.8% 13.9% 11.7%
ROA (Net income/ Total Assets) 17.1% 16% 11.3% 8.38% 8.23% 6.77%
Assets 1 321 510.8 1,137 2,200 2,253 2,857
Book Value Per Share 2 1.180 1.530 4.530 5.180 5.870 7.200
Cash Flow per Share 2 0.2900 0.5000 2.050 0.7700 0.9100 1.140
Capex 1 32.8 92.7 56.7 143 174 291
Capex / Sales 12.81% 38.45% 17.24% 33.68% 37.61% 56.98%
Announcement Date 9/10/20 9/10/20 4/28/21 4/28/22 4/17/23 4/17/24
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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