ASIA CUANON TECHNOLOGY (SHANGHAI) CO.,LTD.

Financials Asia Cuanon Technology (Shanghai) Co.,Ltd.

Equities

603378

CNE100002VH2

Commodity Chemicals

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-05-09 EDT			5-day change	1st Jan Change
6.06 ^CNY	-2.26%		+4.12%	-28.37%

04-29	Asia Cuanon Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-29	Asia Cuanon Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,292	8,698	7,656	4,949	3,623	2,603	-	-
Enterprise Value (EV) ¹	4,292	8,698	8,240	4,949	3,623	2,603	2,603	2,603
P/E ratio	37.8 x	26.4 x	-14 x	48 x	60.4 x	17.8 x	8.46 x	9.37 x
Yield	-	1.08%	-	0.65%	0.51%	3.89%	7%	-
Capitalization / Revenue	1.77 x	2.48 x	1.62 x	1.59 x	1.16 x	0.81 x	0.6 x	0.61 x
EV / Revenue	1.77 x	2.48 x	1.62 x	1.59 x	1.16 x	0.81 x	0.6 x	0.61 x
EV / EBITDA	23.3 x	20.4 x	-13.8 x	23.8 x	19.6 x	4.67 x	3.8 x	4.28 x
EV / FCF	-	-	-3,636,418 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	3.18 x	4.3 x	4.75 x	2.88 x	2.09 x	1.4 x	1.27 x	1.23 x
Nbr of stocks (in thousands)	404,264	428,176	431,463	429,201	428,279	429,500	-	-
Reference price ²	10.62	20.31	17.74	11.53	8.460	6.060	6.060	6.060
Announcement Date	20-04-17	21-01-27	22-04-29	23-04-27	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,425	3,507	4,715	3,108	3,110	3,233	4,344	4,291
EBITDA ¹	184.3	426.7	-556.1	207.7	184.5	557	685.8	607.5
EBIT ¹	126.9	347.7	-699	107.1	44.22	158.9	263.3	315.7
Operating Margin	5.23%	9.91%	-14.82%	3.45%	1.42%	4.92%	6.06%	7.36%
Earnings before Tax (EBT) ¹	128.4	346.2	-701.1	103.3	48.52	284	360.6	317.8
Net income ¹	114.2	315.6	-544	105.7	60.18	145.8	308.4	278.2
Net margin	4.71%	9%	-11.54%	3.4%	1.93%	4.51%	7.1%	6.48%
EPS ²	0.2806	0.7705	-1.269	0.2400	0.1400	0.3400	0.7166	0.6467
Free Cash Flow	-	-	-2,105	-	-	-	-	-
FCF margin	-	-	-44.65%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2188	-	0.0750	0.0430	0.2359	0.4240	-
Announcement Date	20-04-17	21-01-27	22-04-29	23-04-27	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1	2023 Q3	2024 Q1
Net sales ¹	-	901.7	294.9
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	39.21	41.77	-81.73
Net margin	-	4.63%	-27.72%
EPS	0.0900	-	-
Dividend per Share	-	-	-
Announcement Date	23-08-24	23-10-30	24-04-30

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	583	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-1.049 x	-	-	-	-	-
Free Cash Flow	-	-	-2,105	-	-	-	-	-
ROE (net income / shareholders' equity)	8.53%	20.9%	-31.4%	6.32%	3.46%	7.82%	13.7%	13.3%
ROA (Net income/ Total Assets)	-	7.54%	-8.76%	1.54%	-	2%	2.3%	2.8%
Assets ¹	-	4,187	6,209	6,883	-	7,291	13,408	9,936
Book Value Per Share ²	3.340	4.720	3.740	4.000	4.040	4.340	4.790	4.930
Cash Flow per Share ²	1.040	0.5800	-2.370	0.7500	1.020	0.8600	1.170	1.200
Capex ¹	238	241	1,080	399	217	558	478	463
Capex / Sales	9.8%	6.88%	22.9%	12.83%	6.97%	17.26%	11%	10.79%
Announcement Date	20-04-17	21-01-27	22-04-29	23-04-27	24-04-29	-	-	-

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

Ratings for Asia Cuanon Technology (Shanghai) Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.06 CNY

Average target price

9.522 CNY

Spread / Average Target

+57.14%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Paint & Coating

	1st Jan change	Capi.
ASIA CUANON TECHNOLOGY (SHANGHAI) CO.,LTD.	-28.37%	369M
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AXALTA COATING SYSTEMS LTD.	+6.39%	7.99B
BERGER PAINTS INDIA LIMITED	-18.88%	6.72B
KANSAI PAINT CO., LTD.	-13.55%	2.86B
KANSAI NEROLAC PAINTS LIMITED	-16.48%	2.69B

Paint & Coating