Financials Daoming Optics&Chemical Co.,Ltd

Equities

002632

CNE100001971

Commodity Chemicals

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
7.95 CNY +1.66% Intraday chart for Daoming Optics&Chemical Co.,Ltd +4.88% -19.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,341 4,616 4,635 4,984 3,985 6,171
Enterprise Value (EV) 1 4,003 4,766 4,497 4,438 3,473 5,651
P/E ratio 21 x 23.1 x 27.5 x 88.7 x 12.8 x 39.5 x
Yield 5.05% 0.41% 1.75% 0.63% 7.05% 3.04%
Capitalization / Revenue 3.63 x 3.32 x 3.66 x 3.88 x 3.1 x 4.67 x
EV / Revenue 3.34 x 3.42 x 3.55 x 3.46 x 2.7 x 4.27 x
EV / EBITDA 13 x 13.9 x 13.2 x 13.8 x 13.7 x 19.8 x
EV / FCF 181 x -13.3 x 13.4 x 11.6 x -21.4 x 25.7 x
FCF Yield 0.55% -7.52% 7.44% 8.65% -4.68% 3.89%
Price to Book 2.17 x 2.36 x 2.3 x 2.41 x 1.7 x 2.78 x
Nbr of stocks (in thousands) 626,421 624,599 624,599 624,599 624,599 624,599
Reference price 2 6.930 7.390 7.420 7.980 6.380 9.880
Announcement Date 19-04-29 20-04-24 21-03-25 22-04-25 23-04-24 24-04-29
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,197 1,392 1,266 1,284 1,287 1,323
EBITDA 1 307.3 342.8 340.2 322.4 253 285.1
EBIT 1 231 253.8 253.7 213.1 125.3 157.4
Operating Margin 19.3% 18.24% 20.03% 16.6% 9.74% 11.9%
Earnings before Tax (EBT) 1 252.2 231.4 198.8 80.83 403.2 193.7
Net income 1 205.4 198.2 169.2 54.94 313.9 156.7
Net margin 17.16% 14.25% 13.36% 4.28% 24.4% 11.85%
EPS 2 0.3300 0.3200 0.2700 0.0900 0.5000 0.2500
Free Cash Flow 1 22.17 -358.4 334.7 384 -162.4 219.8
FCF margin 1.85% -25.75% 26.43% 29.91% -12.62% 16.61%
FCF Conversion (EBITDA) 7.22% - 98.37% 119.11% - 77.07%
FCF Conversion (Net income) 10.79% - 197.81% 698.85% - 140.23%
Dividend per Share 2 0.3500 0.0300 0.1300 0.0500 0.4500 0.3000
Announcement Date 19-04-29 20-04-24 21-03-25 22-04-25 23-04-24 24-04-29
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 150 - - - -
Net Cash position 1 338 - 138 546 512 520
Leverage (Debt/EBITDA) - 0.4379 x - - - -
Free Cash Flow 1 22.2 -358 335 384 -162 220
ROE (net income / shareholders' equity) 10.7% 9.92% 8.14% 2.7% 14.2% 6.85%
ROA (Net income/ Total Assets) 6.34% 6.15% 5.41% 4.04% 2.45% 3.63%
Assets 1 3,239 3,223 3,129 1,360 12,828 4,314
Book Value Per Share 2 3.190 3.130 3.220 3.320 3.750 3.560
Cash Flow per Share 2 0.5400 0.3000 0.4200 0.6300 0.7300 0.8300
Capex 1 97.4 256 139 165 111 53.7
Capex / Sales 8.13% 18.39% 10.99% 12.82% 8.65% 4.06%
Announcement Date 19-04-29 20-04-24 21-03-25 22-04-25 23-04-24 24-04-29
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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