Financials China XLX Fertiliser Ltd.

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:07 2024-05-09 EDT			5-day change	1st Jan Change
3.91 ^HKD	+8.01%		+7.12%	+12.03%

03-13	Migao Group Launches Up to HK$968 Million Hong Kong IPO	MT
03-11	China XLX Fertiliser's 2023 Profit Slides	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,890	2,836	5,853	5,035	4,424	4,667	-	-
Enterprise Value (EV) ¹	2,890	2,836	5,853	5,035	4,424	4,667	4,667	4,667
P/E ratio	7.94 x	7.01 x	3.93 x	3.27 x	3.27 x	2.84 x	2.59 x	2.36 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.32 x	0.27 x	0.35 x	0.22 x	0.19 x	0.19 x	0.18 x	0.17 x
EV / Revenue	0.32 x	0.27 x	0.35 x	0.22 x	0.19 x	0.19 x	0.18 x	0.17 x
EV / EBITDA	-	-	1.53 x	1.18 x	1.09 x	1.19 x	1.11 x	1.06 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	0.54 x	0.89 x	0.46 x	-	0.33 x	0.28 x	0.24 x
Nbr of stocks (in thousands)	1,347,621	1,347,621	1,347,621	1,404,121	1,394,763	1,394,763	-	-
Reference price ²	2.145	2.104	4.343	3.586	3.172	3.346	3.346	3.346
Announcement Date	20-03-30	21-03-19	22-03-25	23-03-24	24-03-08	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,928	10,445	16,815	23,072	23,475	24,522	26,330	27,877
EBITDA ¹	-	-	3,824	4,260	4,052	3,936	4,208	4,406
EBIT ¹	-	1,032	2,759	2,843	2,520	2,801	3,029	3,210
Operating Margin	-	9.88%	16.41%	12.32%	10.73%	11.42%	11.5%	11.51%
Earnings before Tax (EBT) ¹	-	631.1	2,176	2,181	1,940	2,330	2,577	2,852
Net income ¹	-	347.7	1,294	1,326	1,187	1,436	1,566	1,733
Net margin	-	3.33%	7.7%	5.75%	5.06%	5.86%	5.95%	6.22%
EPS ²	0.2701	0.3000	1.105	1.097	0.9695	1.180	1.290	1.420
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	20-03-30	21-03-19	22-03-25	23-03-24	24-03-08	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	7.93%	25.3%	21.1%	-	15.9%	14.9%	14.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	3.870	4.860	7.790	-	10.20	11.90	13.70
Cash Flow per Share ²	-	-	2.340	3.620	-	2.160	3.130	3.630
Capex ¹	-	-	3,787	-	-	2,500	1,500	1,500
Capex / Sales	-	-	22.52%	-	-	10.19%	5.7%	5.38%
Announcement Date	20-03-30	21-03-19	22-03-25	23-03-24	24-03-08	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.346 CNY

Average target price

4.767 CNY

Spread / Average Target

+42.45%

	1st Jan change	Capi.
CHINA XLX FERTILISER LTD.	+12.03%	646M
SABIC AGRI-NUTRIENTS COMPANY	-18.81%	14.43B
CF INDUSTRIES HOLDINGS, INC.	-7.86%	13.39B
QINGHAI SALT LAKE INDUSTRY CO.,LTD	+13.42%	13.44B
THE MOSAIC COMPANY	-17.24%	9.5B
YARA INTERNATIONAL ASA	-12.13%	7.42B
ACRON	-.--%	7.31B
FERTIGLOBE PLC	-6.73%	6.44B
COROMANDEL INTERNATIONAL LIMITED	-5.44%	4.27B
ASIA-POTASH INTERNATIONAL INVESTMENT (GUANGZHOU)CO.,LTD.	-28.89%	2.37B