Stock 605488 ZHEJIANG FULAI NEW MATERIAL CO.,LTD.
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Financials Zhejiang Fulai New Material Co.,Ltd.

Equities

605488

CNE100005238

Commodity Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-29 pm EDT 		5-day change 1st Jan Change
13.59 CNY -2.30% Intraday chart for Zhejiang Fulai New Material Co.,Ltd. +11.12% -18.13%
Apr. 02 Tranche Update on Zhejiang Fulai New Material Co.,Ltd.'s Equity Buyback Plan announced on February 19, 2024. CI
Mar. 29 Zhejiang Fulai New Material Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 3,208 2,326 3,049
Enterprise Value (EV) 1 2,641 2,180 3,300
P/E ratio 22.5 x 31.1 x 42.6 x
Yield 1.87% 1.5% 1.2%
Capitalization / Revenue 1.87 x 1.22 x 1.43 x
EV / Revenue 1.54 x 1.15 x 1.55 x
EV / EBITDA 18.4 x 26.2 x 38.8 x
EV / FCF -36.4 x -6.53 x -6.5 x
FCF Yield -2.75% -15.3% -15.4%
Price to Book 3.11 x 2.17 x 2.34 x
Nbr of stocks (in thousands) 174,000 174,102 183,665
Reference price 2 18.43 13.36 16.60
Announcement Date 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023
Net sales 1 1,269 1,715 1,901 2,131
EBITDA 1 150.3 143.6 83.24 85.07
EBIT 1 124.8 117.7 57.92 44.94
Operating Margin 9.83% 6.86% 3.05% 2.11%
Earnings before Tax (EBT) 1 135.6 142.3 76.93 65.81
Net income 1 120.4 127.5 75.45 70.15
Net margin 9.48% 7.43% 3.97% 3.29%
EPS 2 0.9241 0.8207 0.4300 0.3900
Free Cash Flow 1 71.13 -72.6 -333.7 -507.3
FCF margin 5.61% -4.23% -17.55% -23.81%
FCF Conversion (EBITDA) 47.33% - - -
FCF Conversion (Net income) 59.1% - - -
Dividend per Share - 0.3448 0.2000 0.2000
Announcement Date 3/30/22 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023
Net Debt 1 - - - 251
Net Cash position 1 104 567 146 -
Leverage (Debt/EBITDA) - - - 2.95 x
Free Cash Flow 1 71.1 -72.6 -334 -507
ROE (net income / shareholders' equity) 30.1% 16.8% 6.85% 5.61%
ROA (Net income/ Total Assets) 10.7% 6.1% 2.09% 1.18%
Assets 1 1,126 2,088 3,604 5,935
Book Value Per Share 2 3.360 5.920 6.170 7.080
Cash Flow per Share 2 1.200 1.590 2.590 2.980
Capex 1 46.8 140 354 672
Capex / Sales 3.69% 8.15% 18.6% 31.55%
Announcement Date 3/30/22 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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