Financials Yunnan Aluminium Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
14.67 ^CNY	+2.23%		+0.89%	+20.05%

Apr. 26	Yunnan Aluminum's Q1 Profit Jumps 32%	MT
Apr. 25	Yunnan Aluminium Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,399	23,555	38,737	38,564	42,378	50,875	-	-
Enterprise Value (EV) ¹	13,399	23,555	38,737	38,564	42,378	50,875	50,875	50,875
P/E ratio	27.1 x	26 x	10.5 x	8.42 x	10.7 x	11.2 x	8.83 x	9.16 x
Yield	-	-	1.01%	1.44%	1.88%	1.7%	2.15%	2.3%
Capitalization / Revenue	0.55 x	0.8 x	0.93 x	0.8 x	0.99 x	1.09 x	0.99 x	0.99 x
EV / Revenue	0.55 x	0.8 x	0.93 x	0.8 x	0.99 x	1.09 x	0.99 x	0.99 x
EV / EBITDA	6.82 x	8.01 x	5.88 x	4.87 x	5.82 x	6.77 x	6.11 x	5.67 x
EV / FCF	-	-81.7 x	6.81 x	6.48 x	7.79 x	7.72 x	5.91 x	6.86 x
FCF Yield	-	-1.22%	14.7%	15.4%	12.8%	13%	16.9%	14.6%
Price to Book	1.23 x	2 x	2.13 x	1.73 x	1.65 x	1.72 x	1.46 x	1.33 x
Nbr of stocks (in thousands)	2,606,839	3,128,207	3,467,957	3,467,957	3,467,957	3,467,957	-	-
Reference price ²	5.140	7.530	11.17	11.12	12.22	14.67	14.67	14.67
Announcement Date	3/23/20	3/22/21	3/21/22	3/21/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	24,284	29,573	41,669	48,463	42,669	46,873	51,520	51,143
EBITDA ¹	1,964	2,941	6,585	7,921	7,279	7,512	8,320	8,967
EBIT ¹	582.7	1,370	4,721	5,905	5,542	6,381	7,796	7,631
Operating Margin	2.4%	4.63%	11.33%	12.18%	12.99%	13.61%	15.13%	14.92%
Earnings before Tax (EBT) ¹	596.5	1,357	4,688	5,907	5,544	6,379	7,796	7,630
Net income ¹	495.2	902.6	3,319	4,569	3,956	4,547	5,753	5,556
Net margin	2.04%	3.05%	7.97%	9.43%	9.27%	9.7%	11.17%	10.86%
EPS ²	0.1900	0.2900	1.060	1.320	1.140	1.310	1.661	1.601
Free Cash Flow ¹	-	-288.2	5,691	5,951	5,440	6,591	8,612	7,411
FCF margin	-	-0.97%	13.66%	12.28%	12.75%	14.06%	16.72%	14.49%
FCF Conversion (EBITDA)	-	-	86.42%	75.13%	74.72%	87.74%	103.5%	82.65%
FCF Conversion (Net income)	-	-	171.46%	130.26%	137.51%	144.95%	149.71%	133.4%
Dividend per Share ²	-	-	0.1130	0.1600	0.2300	0.2500	0.3150	0.3375
Announcement Date	3/23/20	3/22/21	3/21/22	3/21/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-288	5,691	5,951	5,440	6,591	8,612	7,411
ROE (net income / shareholders' equity)	5.81%	7.94%	22.1%	22.3%	16.5%	15.5%	16%	14.6%
ROA (Net income/ Total Assets)	1.29%	2.24%	-	-	-	11.3%	11.4%	10.9%
Assets ¹	38,539	40,293	-	-	-	40,160	50,650	51,180
Book Value Per Share ²	4.190	3.770	5.250	6.450	7.420	8.520	10.00	11.00
Cash Flow per Share ²	1.410	1.590	2.010	1.990	1.690	1.980	2.540	2.580
Capex ¹	3,540	5,269	1,271	964	431	886	1,061	887
Capex / Sales	14.58%	17.82%	3.05%	1.99%	1.01%	1.89%	2.06%	1.73%
Announcement Date	3/23/20	3/22/21	3/21/22	3/21/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.67 CNY

Average target price

15.41 CNY

Spread / Average Target

+5.02%

	1st Jan change	Capi.
YUNNAN ALUMINIUM CO., LTD.	+20.05%	7.02B
CHINA HONGQIAO GROUP LIMITED	+73.08%	13.39B
PRESS METAL ALUMINIUM HOLDINGS	+11.23%	9.25B
SHANDONG NANSHAN ALUMINIUM CO.,LTD.	+17.01%	5.56B
UNITED COMPANY RUSAL, INTERNATIONAL	-0.37%	5.22B
ALUMINIUM BAHRAIN B.S.C.	+10.92%	4.77B
QATAR ALUMINIUM MANUFACTURING COMPANY Q.P.S.C.	+1.14%	2.17B
CENTURY ALUMINUM COMPANY	+48.02%	1.67B
KAISER ALUMINUM CORPORATION	+33.33%	1.51B
JIAOZUO WANFANG ALUMINUM MANUFACTURING CO., LTD	+38.26%	1.31B