XINXIANG CHEMICAL FIBER CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.05 CNY | -8.16% |
|
-18.84% | +25.39% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,371 | 4,867 | 4,125 | 8,228 | 4,870 | 4,597 |
| Enterprise Value (EV) 1 | 5,697 | 7,692 | 7,277 | 9,619 | 7,773 | 7,638 |
| P/E ratio | 29.8 x | 37.6 x | 49.3 x | 5.6 x | -11.2 x | -109 x |
| Yield | 0.37% | 0.26% | 0.3% | 1.78% | - | - |
| Capitalization / Revenue | 0.75 x | 1.01 x | 0.92 x | 0.94 x | 0.67 x | 0.62 x |
| EV / Revenue | 1.27 x | 1.6 x | 1.63 x | 1.1 x | 1.07 x | 1.04 x |
| EV / EBITDA | 9.88 x | 10.7 x | 9.56 x | 3.5 x | 49.4 x | 8.6 x |
| EV / FCF | 67.5 x | -17.8 x | -47.1 x | 8.67 x | -12.8 x | 12.9 x |
| FCF Yield | 1.48% | -5.61% | -2.12% | 11.5% | -7.84% | 7.75% |
| Price to Book | 0.92 x | 1.29 x | 1.07 x | 1.33 x | 0.86 x | 0.84 x |
| Nbr of stocks (in thousands) | 1,257,656 | 1,257,656 | 1,257,656 | 1,466,728 | 1,466,728 | 1,423,298 |
| Reference price 2 | 2.680 | 3.870 | 3.280 | 5.610 | 3.320 | 3.230 |
| Announcement Date | 3/21/19 | 4/7/20 | 4/7/21 | 4/7/22 | 4/27/23 | 3/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,494 | 4,804 | 4,477 | 8,740 | 7,274 | 7,379 |
| EBITDA 1 | 576.5 | 716.4 | 760.9 | 2,745 | 157.3 | 888.5 |
| EBIT 1 | 209.8 | 286.2 | 313.7 | 2,160 | -581.1 | 127.1 |
| Operating Margin | 4.67% | 5.96% | 7.01% | 24.71% | -7.99% | 1.72% |
| Earnings before Tax (EBT) 1 | 132.6 | 172.5 | 108.7 | 1,790 | -619.7 | 15.67 |
| Net income 1 | 113 | 129.6 | 83.59 | 1,365 | -434.6 | -42.15 |
| Net margin | 2.51% | 2.7% | 1.87% | 15.62% | -5.97% | -0.57% |
| EPS 2 | 0.0899 | 0.1030 | 0.0665 | 1.002 | -0.2965 | -0.0296 |
| Free Cash Flow 1 | 84.36 | -431.1 | -154.6 | 1,109 | -609.2 | 592.3 |
| FCF margin | 1.88% | -8.97% | -3.45% | 12.69% | -8.37% | 8.03% |
| FCF Conversion (EBITDA) | 14.63% | - | - | 40.4% | - | 66.66% |
| FCF Conversion (Net income) | 74.66% | - | - | 81.23% | - | - |
| Dividend per Share 2 | 0.0100 | 0.0100 | 0.0100 | 0.1000 | - | - |
| Announcement Date | 3/21/19 | 4/7/20 | 4/7/21 | 4/7/22 | 4/27/23 | 3/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,326 | 2,824 | 3,151 | 1,390 | 2,903 | 3,041 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.035 x | 3.943 x | 4.141 x | 0.5065 x | 18.46 x | 3.422 x |
| Free Cash Flow 1 | 84.4 | -431 | -155 | 1,109 | -609 | 592 |
| ROE (net income / shareholders' equity) | 3.14% | 3.49% | 2.19% | 27.2% | -7.41% | -0.77% |
| ROA (Net income/ Total Assets) | 1.83% | 2.23% | 2.32% | 13.5% | -3.24% | 0.69% |
| Assets 1 | 6,187 | 5,798 | 3,605 | 10,128 | 13,433 | -6,149 |
| Book Value Per Share 2 | 2.910 | 3.000 | 3.060 | 4.230 | 3.860 | 3.830 |
| Cash Flow per Share 2 | 0.4700 | 0.4400 | 0.7300 | 1.120 | 0.9100 | 0.9100 |
| Capex 1 | 454 | 574 | 231 | 1,217 | 990 | 599 |
| Capex / Sales | 10.09% | 11.94% | 5.16% | 13.93% | 13.61% | 8.12% |
| Announcement Date | 3/21/19 | 4/7/20 | 4/7/21 | 4/7/22 | 4/27/23 | 3/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +25.39% | 795M | |
| -2.61% | 2.87B | |
| -1.79% | 1.19B | |
| -10.86% | 883M | |
| +8.68% | 836M | |
| -3.08% | 776M | |
| +29.94% | 603M | |
| +11.29% | 481M | |
| -19.49% | 419M | |
| +8.99% | 416M |
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