Financials NBTM New Materials Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
15.48 ^CNY	+1.78%		+9.24%	-0.06%

04-26	NBTM New Materials Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-01	NBTM New Materials Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,289	4,808	7,243	5,239	9,548	9,542	-	-
Enterprise Value (EV) ¹	5,289	4,808	7,243	5,239	9,548	9,542	9,542	9,542
P/E ratio	17.5 x	55.7 x	294 x	34 x	48.4 x	26.7 x	20.4 x	16.1 x
Yield	2.33%	1.92%	0.43%	-	1.29%	0.65%	0.32%	0.65%
Capitalization / Revenue	2.45 x	1.46 x	2.02 x	-	2.47 x	1.93 x	1.62 x	1.41 x
EV / Revenue	2.45 x	1.46 x	2.02 x	-	2.47 x	1.93 x	1.62 x	1.41 x
EV / EBITDA	-	-	-	-	16.9 x	11.6 x	9.67 x	8.46 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2 x	1.82 x	2.81 x	-	3.78 x	3.41 x	2.97 x	2.68 x
Nbr of stocks (in thousands)	616,490	616,389	616,383	616,383	616,383	616,383	-	-
Reference price ²	8.580	7.800	11.75	8.500	15.49	15.48	15.48	15.48
Announcement Date	20-04-29	21-04-29	22-04-22	23-04-26	24-04-02	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,162	3,283	3,591	-	3,861	4,935	5,891	6,778
EBITDA ¹	-	-	-	-	564.9	825.8	986.9	1,127
EBIT ¹	361.2	126.6	46.57	-	201.9	411.1	544.3	668.2
Operating Margin	16.71%	3.86%	1.3%	-	5.23%	8.33%	9.24%	9.86%
Earnings before Tax (EBT) ¹	351.1	125.1	37.63	-	200.1	410.3	543.7	667.6
Net income ¹	307.7	87.5	25.82	-	197.9	356.8	468	591
Net margin	14.24%	2.66%	0.72%	-	5.13%	7.23%	7.94%	8.72%
EPS ²	0.4900	0.1400	0.0400	0.2500	0.3200	0.5800	0.7600	0.9600
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2000	0.1500	0.0500	-	0.2000	0.1000	0.0500	0.1000
Announcement Date	20-04-29	21-04-29	22-04-22	23-04-26	24-04-02	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.6%	3.31%	0.99%	7.76%	12.5%	14.6%	16.4%
ROA (Net income/ Total Assets)	8.09%	1.74%	-	-	5.15%	6.15%	7%
Assets ¹	3,804	5,034	-	-	6,928	7,609	8,443
Book Value Per Share ²	4.290	4.270	4.190	4.100	4.540	5.210	5.780
Cash Flow per Share ²	0.2700	0.2100	0.4400	0.4800	0.9400	1.260	1.630
Capex ¹	149	327	437	247	402	437	520
Capex / Sales	6.88%	9.95%	12.18%	6.4%	8.14%	7.42%	7.67%
Announcement Date	20-04-29	21-04-29	22-04-22	24-04-02	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.48 CNY

Average target price

16.87 CNY

Spread / Average Target

+8.98%

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