Financials Xiamen Hexing Packaging Printing Co., Ltd.

Equities

002228

CNE100000B40

Paper Packaging

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.77 CNY +2.21% Intraday chart for Xiamen Hexing Packaging Printing Co., Ltd. +10.80% -19.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,701 5,215 4,411 3,838 4,096 3,238 -
Enterprise Value (EV) 1 4,701 5,215 4,411 3,838 4,096 3,238 3,238
P/E ratio 17.5 x 17.5 x 20.3 x 29.2 x 38.1 x 21.3 x 17.3 x
Yield 2.49% 2.38% 4.11% 3.74% 3.5% 2.53% 2.89%
Capitalization / Revenue 0.42 x 0.43 x 0.25 x 0.25 x 0.33 x 0.25 x 0.23 x
EV / Revenue 0.42 x 0.43 x 0.25 x 0.25 x 0.33 x 0.25 x 0.23 x
EV / EBITDA 8.35 x 9.2 x 9.1 x 11 x 9.97 x 5.63 x 5.08 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.55 x 1.53 x 1.35 x 1.2 x 1.3 x 1.03 x 1 x
Nbr of stocks (in thousands) 1,169,517 1,238,601 1,208,433 1,195,532 1,194,035 1,169,035 -
Reference price 2 4.020 4.210 3.650 3.210 3.430 2.770 2.770
Announcement Date 2/28/20 4/15/21 4/20/22 4/20/23 4/19/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 11,097 12,007 17,549 15,375 12,414 12,924 14,033
EBITDA 1 563 567 484.8 347.9 410.7 575 637
EBIT 1 363.7 372.4 235 68.09 122.5 190 224
Operating Margin 3.28% 3.1% 1.34% 0.44% 0.99% 1.47% 1.6%
Earnings before Tax (EBT) 1 358.8 387.6 243.9 60.79 96.22 178 213
Net income 1 266.8 290.1 218.4 132.2 103.1 167 195
Net margin 2.4% 2.42% 1.24% 0.86% 0.83% 1.29% 1.39%
EPS 2 0.2300 0.2400 0.1800 0.1100 0.0900 0.1300 0.1600
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.1000 0.1000 0.1500 0.1200 0.1200 0.0700 0.0800
Announcement Date 2/28/20 4/15/21 4/20/22 4/20/23 4/19/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 9.32% 8.98% 6.39% 3.94% 3.12% 5% 5.8%
ROA (Net income/ Total Assets) 3.95% 3.96% 2.47% 1.44% - 2% 2.2%
Assets 1 6,763 7,322 8,851 9,202 - 8,350 8,864
Book Value Per Share 2 2.600 2.750 2.710 2.670 2.630 2.680 2.770
Cash Flow per Share 2 0.3300 0.2800 0.2400 0.5300 0.4200 0.4200 0.4300
Capex 1 248 598 557 383 293 415 415
Capex / Sales 2.24% 4.98% 3.17% 2.49% 2.36% 3.21% 2.96%
Announcement Date 2/28/20 4/15/21 4/20/22 4/20/23 4/19/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
2.77 CNY
Average target price
3.2 CNY
Spread / Average Target
+15.52%
Consensus

Annual profits - Rate of surprise

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