Financials Zhongfu Straits (Pingtan) Development Company Limited

Equities

000592

CNE0000009F2

Forest & Wood Products

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-13 pm EDT 5-day change 1st Jan Change
1.55 CNY 0.00% Intraday chart for Zhongfu Straits (Pingtan) Development Company Limited -2.52% -38.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,158 5,602 5,351 6,104 5,023 4,887
Enterprise Value (EV) 1 4,877 4,967 4,533 5,308 4,292 4,109
P/E ratio 196 x 227 x -23.7 x -15.8 x -21.9 x -15.9 x
Yield - - - - - -
Capitalization / Revenue 5.51 x 5.8 x 4.34 x 3.8 x 4.27 x 3.96 x
EV / Revenue 5.21 x 5.14 x 3.67 x 3.3 x 3.65 x 3.33 x
EV / EBITDA 220 x 98.2 x -24.4 x -11.7 x 326 x -539 x
EV / FCF -5.5 x 36.5 x 14.5 x 14.9 x 18.8 x 29.6 x
FCF Yield -18.2% 2.74% 6.92% 6.73% 5.31% 3.38%
Price to Book 1.62 x 1.74 x 1.79 x 2.35 x 2.12 x 2.37 x
Nbr of stocks (in thousands) 1,931,781 1,931,781 1,931,781 1,931,781 1,931,781 1,931,781
Reference price 2 2.670 2.900 2.770 3.160 2.600 2.530
Announcement Date 4/29/19 4/29/20 4/29/21 4/26/22 4/24/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 935.4 966.4 1,234 1,607 1,175 1,233
EBITDA 1 22.12 50.56 -186 -453.7 13.18 -7.628
EBIT 1 -23.44 1.89 -240 -497.9 -27.26 -50.96
Operating Margin -2.51% 0.2% -19.45% -30.99% -2.32% -4.13%
Earnings before Tax (EBT) 1 79.79 23.54 -293 -770.5 -192.6 -137.2
Net income 1 26.35 24.63 -225.9 -387.3 -229.5 -307.8
Net margin 2.82% 2.55% -18.31% -24.11% -19.53% -24.96%
EPS 2 0.0136 0.0128 -0.1170 -0.2005 -0.1188 -0.1594
Free Cash Flow 1 -886.7 136.1 313.5 357.4 228.1 139
FCF margin -94.79% 14.08% 25.4% 22.25% 19.41% 11.27%
FCF Conversion (EBITDA) - 269.07% - - 1,730.98% -
FCF Conversion (Net income) - 552.31% - - - -
Dividend per Share - - - - - -
Announcement Date 4/29/19 4/29/20 4/29/21 4/26/22 4/24/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 281 635 818 796 730 778
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -887 136 313 357 228 139
ROE (net income / shareholders' equity) 0.91% 0.52% -8.77% -27.1% -8.14% -6.33%
ROA (Net income/ Total Assets) -0.34% 0.03% -3.27% -6.84% -0.41% -0.77%
Assets 1 -7,777 89,253 6,918 5,658 55,648 39,778
Book Value Per Share 2 1.650 1.660 1.550 1.340 1.230 1.070
Cash Flow per Share 2 0.2400 0.1900 0.3600 0.2200 0.2400 0.1800
Capex 1 147 33.1 27.1 47 63.8 65.7
Capex / Sales 15.69% 3.42% 2.2% 2.92% 5.43% 5.33%
Announcement Date 4/29/19 4/29/20 4/29/21 4/26/22 4/24/23 4/24/24
1CNY in Million2CNY
Estimates
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