Financials Haohua Chemical Science & Technology Corp., Ltd.

Equities

600378

CNE0000016V4

Commodity Chemicals

End-of-day quote Shanghai S.E. 18:00:00 2024-07-02 EDT 5-day change 1st Jan Change
28.28 CNY -1.81% Intraday chart for Haohua Chemical Science & Technology Corp., Ltd. -7.73% -7.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,314 19,271 44,307 39,111 27,782 25,776 - -
Enterprise Value (EV) 1 17,314 19,271 44,307 39,111 27,782 25,776 25,776 25,776
P/E ratio 31.3 x 29.2 x 48.8 x 33.3 x 30.8 x 24.9 x 21.3 x 18 x
Yield - - - 1.49% - 1.63% 1.84% 2.02%
Capitalization / Revenue 3.68 x - - 4.31 x 3.54 x 2.94 x 2.54 x 2.25 x
EV / Revenue 3.68 x - - 4.31 x 3.54 x 2.94 x 2.54 x 2.25 x
EV / EBITDA - - - 23.2 x - 16 x 14.4 x 11.9 x
EV / FCF - - - -63,113,232 x - - - -
FCF Yield - - - -0% - - - -
Price to Book 2.91 x - - 4.77 x 3.26 x 2.78 x 2.56 x 2.33 x
Nbr of stocks (in thousands) 896,625 917,230 919,230 911,474 911,474 911,474 - -
Reference price 2 19.31 21.01 48.20 42.91 30.48 28.28 28.28 28.28
Announcement Date 4/15/20 4/15/21 4/19/22 4/21/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,701 - - 9,068 7,852 8,759 10,136 11,434
EBITDA 1 - - - 1,689 - 1,612 1,788 2,161
EBIT 1 511.8 - - 1,279 922.4 1,074 1,275 1,472
Operating Margin 10.89% - - 14.1% 11.75% 12.27% 12.58% 12.87%
Earnings before Tax (EBT) 1 607.1 - - 1,335 969.5 1,135 1,331 1,573
Net income 1 525.1 647.8 891.5 1,165 899.8 1,034 1,212 1,433
Net margin 11.17% - - 12.85% 11.46% 11.81% 11.96% 12.53%
EPS 2 0.6162 0.7186 0.9880 1.287 0.9902 1.137 1.330 1.573
Free Cash Flow - - - -619.7 - - - -
FCF margin - - - -6.83% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 0.6400 - 0.4600 0.5200 0.5700
Announcement Date 4/15/20 4/15/21 4/19/22 4/21/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - -620 - - - -
ROE (net income / shareholders' equity) 9.94% - - 15.2% 10.8% 11.2% 12% 13%
ROA (Net income/ Total Assets) 6.07% - - 7.55% - 6.2% 6.3% 6.4%
Assets 1 8,649 - - 15,425 - 16,682 19,241 22,391
Book Value Per Share 2 6.640 - - 9.000 9.360 10.20 11.00 12.10
Cash Flow per Share 2 0.9500 - - 1.090 1.200 0.8700 1.880 1.500
Capex 1 252 - - 1,614 1,007 768 638 641
Capex / Sales 5.36% - - 17.79% 12.82% 8.77% 6.3% 5.61%
Announcement Date 4/15/20 4/15/21 4/19/22 4/21/23 4/29/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
28.28 CNY
Average target price
37.12 CNY
Spread / Average Target
+31.26%
Consensus

Annual profits - Rate of surprise

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