Financials Fujian Yuanxiang New Materials Co.,Ltd

Equities

301300

CNE100005K02

Commodity Chemicals

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
23.87 CNY -2.73% Intraday chart for Fujian Yuanxiang New Materials Co.,Ltd +0.04% -24.53%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 1,946 2,029
Enterprise Value (EV) 1 1,372 1,471
P/E ratio 30.3 x 59.7 x
Yield 1.32% 1.26%
Capitalization / Revenue 5.3 x 5.15 x
EV / Revenue 3.74 x 3.73 x
EV / EBITDA 23.3 x 37.4 x
EV / FCF 42.3 x 141 x
FCF Yield 2.36% 0.71%
Price to Book 2.35 x 2.41 x
Nbr of stocks (in thousands) 64,150 64,150
Reference price 2 30.33 31.63
Announcement Date 23-04-20 24-04-21
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 246.3 276.7 321.2 405 367 393.8
EBITDA 1 58.03 58.53 88 98.94 58.92 39.29
EBIT 1 50.44 48.2 77.56 88.04 48.16 27.21
Operating Margin 20.48% 17.42% 24.15% 21.74% 13.12% 6.91%
Earnings before Tax (EBT) 1 53.5 50.15 76.24 88.32 59.12 38.91
Net income 1 46.15 43.39 65.62 76.87 53.26 34.41
Net margin 18.74% 15.68% 20.43% 18.98% 14.51% 8.74%
EPS 2 0.9600 0.9000 1.360 1.600 1.000 0.5300
Free Cash Flow 1 -16.7 -11.02 27.62 50.01 32.41 10.44
FCF margin -6.78% -3.98% 8.6% 12.35% 8.83% 2.65%
FCF Conversion (EBITDA) - - 31.39% 50.54% 55.01% 26.56%
FCF Conversion (Net income) - - 42.09% 65.05% 60.85% 30.33%
Dividend per Share 2 0.4200 0.3000 0.3000 0.4000 0.4000 0.4000
Announcement Date 19-04-24 20-04-23 21-02-02 22-01-26 23-04-20 24-04-21
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 39.2 52.9 27.8 - - -
Net Cash position 1 - - - 27.4 574 558
Leverage (Debt/EBITDA) 0.6748 x 0.9045 x 0.3163 x - - -
Free Cash Flow 1 -16.7 -11 27.6 50 32.4 10.4
ROE (net income / shareholders' equity) 38.2% 27.9% 33.5% 30.4% 9.59% 4.12%
ROA (Net income/ Total Assets) 14.7% 10.7% 13.8% 13% 4.23% 1.72%
Assets 1 314.6 404.1 477.1 591.2 1,259 2,006
Book Value Per Share 2 2.930 3.540 4.600 5.900 12.90 13.10
Cash Flow per Share 2 0.3100 0.3500 0.5100 1.410 8.390 8.220
Capex 1 18.7 6.03 5.64 8.98 30.7 17.2
Capex / Sales 7.59% 2.18% 1.76% 2.22% 8.37% 4.36%
Announcement Date 19-04-24 20-04-23 21-02-02 22-01-26 23-04-20 24-04-21
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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