Financials Hengyi Petrochemical Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
7.49 ^CNY	+0.94%		+7.93%	+11.46%

04-29	Hengyi Petrochemical's Q1 Profit Surges 1,087%, Revenue Rises 12%	MT
04-28	Hengyi Petrochemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	39,557	47,125	38,541	25,065	22,946	25,370	-	-
Enterprise Value (EV) ¹	73,670	88,147	81,140	72,284	75,069	85,986	84,112	25,370
P/E ratio	12.3 x	12 x	11.7 x	-23.4 x	51.7 x	30 x	11.9 x	16.6 x
Yield	2.87%	2.34%	1.88%	-	1.49%	2.4%	3.57%	3.94%
Capitalization / Revenue	0.5 x	0.55 x	0.3 x	0.16 x	0.17 x	0.15 x	0.15 x	0.16 x
EV / Revenue	0.93 x	1.02 x	0.63 x	0.48 x	0.55 x	0.52 x	0.5 x	0.16 x
EV / EBITDA	15.2 x	12.7 x	11.2 x	33.7 x	19.7 x	11.4 x	8.41 x	2.94 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.7 x	2 x	1.53 x	1.06 x	1.02 x	1.07 x	0.96 x	1.02 x
Nbr of stocks (in thousands)	3,694,243	3,681,645	3,629,113	3,565,411	3,414,617	3,387,209	-	-
Reference price ²	10.71	12.80	10.62	7.030	6.720	7.490	7.490	7.490
Announcement Date	20-03-29	21-04-19	22-04-25	23-04-19	24-04-19	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	79,621	86,430	128,980	152,050	136,148	164,199	169,497	154,487
EBITDA ¹	4,854	6,942	7,242	2,144	3,805	7,512	10,005	8,636
EBIT ¹	4,789	4,526	4,291	-1,104	429.9	1,394	1,776	1,889
Operating Margin	6.01%	5.24%	3.33%	-0.73%	0.32%	0.85%	1.05%	1.22%
Earnings before Tax (EBT) ¹	4,771	4,520	4,303	-1,109	399.8	1,374	3,208	1,859
Net income ¹	3,201	3,072	3,408	-1,080	435.5	914.7	2,298	1,643
Net margin	4.02%	3.55%	2.64%	-0.71%	0.32%	0.56%	1.36%	1.06%
EPS ²	0.8692	1.070	0.9100	-0.3000	0.1300	0.2500	0.6275	0.4500
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.3077	0.3000	0.2000	-	0.1000	0.1800	0.2675	0.2950
Announcement Date	20-03-29	21-04-19	22-04-25	23-04-19	24-04-19	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	34,113	41,022	42,599	47,219	52,122	60,616	58,742	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	7.027 x	5.91 x	5.882 x	22.03 x	13.7 x	8.069 x	5.871 x	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	14.7%	12.6%	13.6%	-4.31%	1.74%	3.57%	7.58%	6.1%
ROA (Net income/ Total Assets)	4.35%	3.45%	3.44%	-0.99%	-	0.8%	1.1%	1.4%
Assets ¹	73,527	89,018	99,117	108,738	-	114,333	208,954	117,357
Book Value Per Share ²	6.290	6.390	6.930	6.620	6.560	6.990	7.830	7.360
Cash Flow per Share ²	-0.0300	1.360	2.120	0.7400	1.240	1.290	1.690	1.860
Capex ¹	11,307	8,170	5,984	2,941	4,912	3,205	3,151	4,227
Capex / Sales	14.2%	9.45%	4.64%	1.93%	3.61%	1.95%	1.86%	2.74%
Announcement Date	20-03-29	21-04-19	22-04-25	23-04-19	24-04-19	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.49 CNY

Average target price

8.713 CNY

Spread / Average Target

+16.33%

	1st Jan change	Capi.
HENGYI PETROCHEMICAL CO., LTD.	+11.46%	3.5B
AIR LIQUIDE	+3.04%	101B
SAUDI BASIC INDUSTRIES CORPORATION	+1.20%	65.99B
PT CHANDRA ASRI PACIFIC TBK	+44.29%	41.98B
WANHUA CHEMICAL GROUP CO., LTD.	+15.99%	38.65B
LYONDELLBASELL INDUSTRIES N.V.	+3.89%	32.16B
WESTLAKE CORPORATION	+6.82%	19.21B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+12.32%	16.76B
HENGLI PETROCHEMICAL CO.,LTD.	+17.69%	15.07B
RONGSHENG PETROCHEMICAL CO., LTD.	+8.31%	14.82B