Financials Wolong Resources Group Co., Ltd.

Equities

600173

CNE000000YR0

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
4.4 CNY +6.02% Intraday chart for Wolong Resources Group Co., Ltd. +4.51% -12.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,743 3,653 3,499 4,553 3,629 3,503
Enterprise Value (EV) 1 1,613 949.3 946.4 1,936 2,483 2,928
P/E ratio 4.7 x 7.14 x 7.22 x 9.56 x 12 x 21.3 x
Yield 2.65% 2.88% 3.01% 2.31% 1.93% 1.2%
Capitalization / Revenue 0.97 x 1.9 x 1.53 x 1.82 x 0.69 x 0.74 x
EV / Revenue 0.57 x 0.49 x 0.41 x 0.77 x 0.47 x 0.62 x
EV / EBITDA 2.48 x 1.9 x 1.33 x 3.53 x 4.01 x 8.95 x
EV / FCF 9.19 x 0.63 x -4.01 x 137 x -1.94 x -15.8 x
FCF Yield 10.9% 159% -25% 0.73% -51.7% -6.32%
Price to Book 1.18 x 1.32 x 1.11 x 1.29 x 0.98 x 0.92 x
Nbr of stocks (in thousands) 727,697 701,118 701,118 700,506 700,506 700,506
Reference price 2 3.770 5.210 4.990 6.500 5.180 5.000
Announcement Date 4/11/19 4/23/20 3/25/21 4/12/22 4/7/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,830 1,921 2,281 2,503 5,238 4,756
EBITDA 1 651.1 499.9 708.9 547.8 619 327.1
EBIT 1 638 498.3 707.9 546.9 618.3 322.5
Operating Margin 22.54% 25.94% 31.03% 21.85% 11.8% 6.78%
Earnings before Tax (EBT) 1 809.9 655 666.8 623.8 437.2 239.2
Net income 1 576.8 510.5 484.3 476.9 301.2 164.4
Net margin 20.38% 26.58% 21.23% 19.05% 5.75% 3.46%
EPS 2 0.8016 0.7293 0.6907 0.6802 0.4300 0.2347
Free Cash Flow 1 175.6 1,511 -236.2 14.16 -1,282 -185.2
FCF margin 6.2% 78.68% -10.35% 0.57% -24.48% -3.89%
FCF Conversion (EBITDA) 26.97% 302.29% - 2.58% - -
FCF Conversion (Net income) 30.44% 296.05% - 2.97% - -
Dividend per Share 2 0.1000 0.1500 0.1500 0.1500 0.1000 0.0600
Announcement Date 4/11/19 4/23/20 3/25/21 4/12/22 4/7/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,130 2,704 2,552 2,617 1,146 574
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 176 1,511 -236 14.2 -1,282 -185
ROE (net income / shareholders' equity) 30.9% 20.1% 16.4% 14.3% 8.28% 4.42%
ROA (Net income/ Total Assets) 6.72% 4.51% 5.69% 4.49% 5.51% 3.18%
Assets 1 8,590 11,314 8,514 10,633 5,464 5,166
Book Value Per Share 2 3.190 3.940 4.500 5.040 5.280 5.410
Cash Flow per Share 2 2.090 3.860 2.930 3.740 1.640 0.9600
Capex 1 13.6 1.69 3.49 49.6 71.4 220
Capex / Sales 0.48% 0.09% 0.15% 1.98% 1.36% 4.62%
Announcement Date 4/11/19 4/23/20 3/25/21 4/12/22 4/7/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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