Financials Xinxiang Richful Lube Additive Co.,Ltd.

Equities

300910

CNE100004983

Commodity Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
45.84 CNY +1.55% Intraday chart for Xinxiang Richful Lube Additive Co.,Ltd. +9.53% -0.22%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,525 11,977 18,496 13,241 13,212 - -
Enterprise Value (EV) 1 9,525 10,817 17,671 12,120 12,079 11,974 11,791
P/E ratio 40.2 x 59.6 x 31.9 x 18 x 19.3 x 14.2 x 13.3 x
Yield - 1% 1.87% 2.83% 3.39% 3.18% 4.47%
Capitalization / Revenue 11.1 x 11.1 x 6.07 x 4.7 x 3.86 x 2.91 x 2.74 x
EV / Revenue 11.1 x 10 x 5.8 x 4.3 x 3.53 x 2.64 x 2.45 x
EV / EBITDA 41.2 x 48.3 x 28.5 x 16 x 14.7 x 11.6 x 9.64 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 4.59 x 5.55 x 6.75 x 4.23 x 3.86 x 3.22 x 3.12 x
Nbr of stocks (in thousands) 285,000 285,000 285,000 288,228 288,228 - -
Reference price 2 33.42 42.03 64.90 45.94 45.84 45.84 45.84
Announcement Date 4/11/21 4/11/22 4/6/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 656.7 860.9 1,081 3,046 2,816 3,426 4,542 4,819
EBITDA 1 - 231.1 223.8 620.2 756.8 820.3 1,034 1,223
EBIT 1 - 206.9 195.9 581.2 700.6 776 1,059 1,129
Operating Margin - 24.04% 18.12% 19.08% 24.88% 22.65% 23.32% 23.43%
Earnings before Tax (EBT) 1 - 213.3 231 672.3 699.3 785.6 1,067 1,139
Net income 1 98.36 182.9 201 588.1 606.5 683.1 929.1 990.8
Net margin 14.98% 21.24% 18.6% 19.31% 21.54% 19.94% 20.46% 20.56%
EPS 2 - 0.8316 0.7053 2.032 2.550 2.371 3.223 3.434
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.4210 1.211 1.300 1.553 1.457 2.050
Announcement Date 11/8/20 4/11/21 4/11/22 4/6/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 405.4 396.3 624.5 1,021 1,004 - - 814.3 663.3 713.9 754.9 928.9 988.2 - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 70.79 62.66 105.8 243.3 257.5 - - 233.5 178.5 180.2 168.4 207.3 220.5 - -
Operating Margin 17.46% 15.81% 16.95% 23.83% 25.64% - - 28.68% 26.92% 25.23% 22.31% 22.31% 22.31% - -
Earnings before Tax (EBT) 1 - - 110.3 242.2 257.2 - - 233.3 178.5 180.3 173.2 212 225.3 - -
Net income 1 - - 94.6 217.5 224.5 - - 201 155.6 152.9 150.7 184.2 195.2 - -
Net margin - - 15.15% 21.3% 22.35% - - 24.68% 23.46% 21.41% 19.97% 19.82% 19.75% - -
EPS 2 0.2316 - 0.3263 0.7474 0.7790 - - 0.6800 0.5000 0.5200 0.5230 0.6389 0.6771 - -
Dividend per Share 2 0.4210 - - - 1.211 - - - 1.300 - - - 1.428 - -
Announcement Date 4/11/22 4/21/22 8/25/22 10/18/22 4/6/23 6/26/23 9/26/23 10/23/23 3/26/24 4/25/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 1,160 825 1,121 1,133 1,238 1,422
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - 17.6% 9.54% 24.1% 20.8% 20.3% 23.6% 24%
ROA (Net income/ Total Assets) - 11.2% - 17.3% - - - -
Assets 1 - 1,631 - 3,396 - - - -
Book Value Per Share 2 - 7.290 7.570 9.610 10.90 11.90 14.30 14.70
Cash Flow per Share 2 - 0.7600 - 2.310 2.220 2.200 3.070 3.380
Capex 1 - 32.1 194 215 390 336 203 279
Capex / Sales - 3.73% 17.98% 7.04% 13.87% 9.8% 4.46% 5.78%
Announcement Date 11/8/20 4/11/21 4/11/22 4/6/23 3/26/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
45.84 CNY
Average target price
70.06 CNY
Spread / Average Target
+52.83%
Consensus
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