Financials Zhongnongfa Seed Industry Group Co., Ltd.

Equities

600313

CNE0000016R2

Fishing & Farming

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.68 CNY +0.30% Intraday chart for Zhongnongfa Seed Industry Group Co., Ltd. -2.34% -10.34%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,381 3,052 6,385 5,714 11,082 8,062
Enterprise Value (EV) 1 2,026 2,664 5,814 5,412 10,454 6,835
P/E ratio 75.1 x 168 x 236 x 157 x 48.2 x 63.5 x
Yield - - - - - -
Capitalization / Revenue 0.69 x 0.59 x 1.74 x 1.52 x 2.11 x 1.19 x
EV / Revenue 0.59 x 0.52 x 1.59 x 1.44 x 1.99 x 1.01 x
EV / EBITDA 24.4 x 24 x 50 x 32.5 x 38 x 24.2 x
EV / FCF -11.5 x 15.5 x 34.9 x -56.1 x 2,088 x 20.3 x
FCF Yield -8.73% 6.47% 2.86% -1.78% 0.05% 4.93%
Price to Book 1.67 x 2.12 x 4.35 x 3.8 x 6.38 x 4.33 x
Nbr of stocks (in thousands) 1,082,199 1,082,199 1,082,199 1,082,199 1,082,199 1,082,199
Reference price 2 2.200 2.820 5.900 5.280 10.24 7.450
Announcement Date 4/25/19 3/20/20 4/13/21 3/30/22 3/21/23 4/18/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,446 5,136 3,663 3,764 5,248 6,761
EBITDA 1 83.17 111 116.2 166.3 275 282.5
EBIT 1 -4.906 22.32 29.14 78.54 179.2 182.5
Operating Margin -0.14% 0.43% 0.8% 2.09% 3.41% 2.7%
Earnings before Tax (EBT) 1 58.65 53.65 58.06 93.78 380.6 225.1
Net income 1 31.7 18.18 27.09 36.31 230.1 127
Net margin 0.92% 0.35% 0.74% 0.96% 4.38% 1.88%
EPS 2 0.0293 0.0168 0.0250 0.0336 0.2126 0.1174
Free Cash Flow 1 -176.9 172.3 166.4 -96.48 5.007 337.1
FCF margin -5.13% 3.35% 4.54% -2.56% 0.1% 4.99%
FCF Conversion (EBITDA) - 155.2% 143.16% - 1.82% 119.35%
FCF Conversion (Net income) - 947.53% 614.11% - 2.18% 265.42%
Dividend per Share - - - - - -
Announcement Date 4/25/19 3/20/20 4/13/21 3/30/22 3/21/23 4/18/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 355 388 571 302 628 1,227
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -177 172 166 -96.5 5.01 337
ROE (net income / shareholders' equity) 2.61% 2.15% 2.39% 3.41% 12.7% 7.94%
ROA (Net income/ Total Assets) -0.09% 0.45% 0.57% 1.47% 3.04% 2.58%
Assets 1 -34,422 4,044 4,767 2,472 7,568 4,921
Book Value Per Share 2 1.310 1.330 1.360 1.390 1.600 1.720
Cash Flow per Share 2 0.4100 0.2400 0.7600 0.5800 0.7600 1.110
Capex 1 67.1 48.7 32.8 75.1 69.1 91.5
Capex / Sales 1.95% 0.95% 0.9% 1.99% 1.32% 1.35%
Announcement Date 4/25/19 3/20/20 4/13/21 3/30/22 3/21/23 4/18/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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