ZHEJIANG DOUBLE ARROW RUBBER CO., LTD. Financials Zhejiang Double Arrow Rubber Co., Ltd.
Equities
002381
CNE100000N04
Tires & Rubber Products
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.25 CNY | -1.55% |
|
-0.84% | +8.84% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,486 | 3,428 | 2,626 | 3,120 | 3,396 | - | - |
| Enterprise Value (EV) 1 | 3,486 | 3,428 | 2,626 | 3,120 | 3,396 | 3,396 | 3,396 |
| P/E ratio | 14.1 x | 10.8 x | 22.8 x | 13.3 x | 11.6 x | 9.71 x | 8.25 x |
| Yield | - | - | - | 3.3% | 3.39% | 4.24% | 4.12% |
| Capitalization / Revenue | 2.29 x | 1.89 x | - | 1.2 x | 1.08 x | 0.87 x | 0.75 x |
| EV / Revenue | 2.29 x | 1.89 x | - | 1.2 x | 1.08 x | 0.87 x | 0.75 x |
| EV / EBITDA | 10 x | 7.72 x | - | 8.06 x | 7.58 x | 6.52 x | 5.72 x |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.96 x | 1.74 x | - | 1.47 x | 1.48 x | 1.35 x | 1.23 x |
| Nbr of stocks (in thousands) | 411,572 | 411,572 | 411,574 | 411,576 | 411,577 | - | - |
| Reference price 2 | 8.470 | 8.330 | 6.380 | 7.580 | 8.250 | 8.250 | 8.250 |
| Announcement Date | 2/28/20 | 2/26/21 | 4/18/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,525 | 1,811 | - | 2,593 | 3,144 | 3,911 | 4,536 |
| EBITDA 1 | 347.8 | 444.4 | - | 386.8 | 448 | 521 | 594 |
| EBIT 1 | 297.4 | 380.8 | - | 290 | 348 | 417 | 488 |
| Operating Margin | 19.5% | 21.03% | - | 11.19% | 11.07% | 10.66% | 10.76% |
| Earnings before Tax (EBT) 1 | 297.8 | 378.2 | - | 288.4 | 348 | 417 | 488 |
| Net income 1 | 248.6 | 315.4 | 113.6 | 241.8 | 292 | 350 | 411 |
| Net margin | 16.3% | 17.42% | - | 9.33% | 9.29% | 8.95% | 9.06% |
| EPS 2 | 0.6000 | 0.7700 | 0.2800 | 0.5700 | 0.7100 | 0.8500 | 1.000 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | 0.2500 | 0.2800 | 0.3500 | 0.3400 |
| Announcement Date | 2/28/20 | 2/26/21 | 4/18/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 14.3% | 16.8% | - | 11.9% | 12.7% | 14% | 14.9% |
| ROA (Net income/ Total Assets) | 10.9% | 12.7% | - | - | 6.9% | 7.6% | 8% |
| Assets 1 | 2,287 | 2,490 | - | - | 4,232 | 4,605 | 5,138 |
| Book Value Per Share 2 | 4.320 | 4.780 | - | 5.160 | 5.590 | 6.090 | 6.700 |
| Cash Flow per Share 2 | 0.6600 | 0.8900 | - | 0.2900 | 0.7900 | 0.6400 | 1.160 |
| Capex 1 | 71.5 | 131 | - | 252 | 47 | 48 | 48 |
| Capex / Sales | 4.69% | 7.21% | - | 9.71% | 1.49% | 1.23% | 1.06% |
| Announcement Date | 2/28/20 | 2/26/21 | 4/18/23 | 3/27/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8.25
CNY
Average target price
10.65
CNY
Spread / Average Target
+29.09%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +8.84% | 469M | |
| -5.06% | 2.14B | |
| -.--% | 1.55B | |
| -9.45% | 1.28B | |
| -28.08% | 633M | |
| 0.00% | 610M | |
| -5.89% | 584M | |
| -10.90% | 506M | |
| -14.17% | 440M | |
| -24.09% | 278M |
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- Financials Zhejiang Double Arrow Rubber Co., Ltd.
