Stock 603650 RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Financials Red Avenue New Materials Group Co., Ltd.

Equities

603650

CNE1000036G1

Specialty Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 18:00:00 2024-04-29 EDT 		5-day change 1st Jan Change
29.35 CNY -4.99% Intraday chart for Red Avenue New Materials Group Co., Ltd. +0.44% -11.86%
04-29 Red Avenue New Materials Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
04-24 Red Avenue New Materials Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,208 18,166 30,049 18,378 19,974 17,605 - -
Enterprise Value (EV) 1 10,208 18,166 30,049 18,378 19,974 17,605 17,605 17,605
P/E ratio 31.1 x 44.3 x 91.5 x 62.9 x 49 x 34.5 x 28.1 x 22.4 x
Yield - - 0.18% 0.26% 1.77% 0.48% 0.55% 0.68%
Capitalization / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 4.69 x 4 x 3.46 x
EV / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 4.69 x 4 x 3.46 x
EV / EBITDA 23.7 x 34.2 x - - 35.2 x 26.7 x 22.4 x 18.6 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.54 x 7.42 x 11 x 6.15 x 5.96 x 4.71 x 4.16 x 3.69 x
Nbr of stocks (in thousands) 585,988 585,988 597,152 596,121 599,831 599,832 - -
Reference price 2 17.42 31.00 50.32 30.83 33.30 29.35 29.35 29.35
Announcement Date 20-04-28 21-04-15 22-04-14 23-04-11 24-04-24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,208 2,046 2,308 2,500 2,944 3,752 4,400 5,095
EBITDA 1 431.5 530.7 - - 566.9 659 787.5 948.5
EBIT 1 364.2 468.9 333.7 302.1 427.4 533.7 650.7 821
Operating Margin 16.49% 22.92% 14.46% 12.08% 14.52% 14.22% 14.79% 16.11%
Earnings before Tax (EBT) 1 378.1 467.1 334.8 305.7 427 534 618 821.5
Net income 1 330.6 410.5 326.6 298.2 406.6 509 624.9 785.5
Net margin 14.97% 20.06% 14.15% 11.93% 13.81% 13.57% 14.2% 15.42%
EPS 2 0.5600 0.7000 0.5500 0.4900 0.6800 0.8500 1.043 1.310
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0900 0.0800 0.5900 0.1400 0.1600 0.2000
Announcement Date 20-04-28 21-04-15 22-04-14 23-04-11 24-04-24 - - -
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 - - - - - - - -
ROE (net income / shareholders' equity) 15.1% 17.5% 12.8% 10.3% 12.6% 13.7% 14.8% 16.6%
ROA (Net income/ Total Assets) - - 6.18% 4.64% - 6.47% 7.6% 8.78%
Assets 1 - - 5,283 6,421 - 7,873 8,228 8,946
Book Value Per Share 2 3.840 4.180 4.570 5.010 5.590 6.230 7.050 7.950
Cash Flow per Share 2 0.7100 0.3500 - 0.1700 0.3100 0.8700 0.7500 1.050
Capex 1 71 80.4 - 344 141 126 137 161
Capex / Sales 3.21% 3.93% - 13.77% 4.79% 3.36% 3.11% 3.16%
Announcement Date 20-04-28 21-04-15 22-04-14 23-04-11 24-04-24 - - -
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

Ratings for Red Avenue New Materials Group Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
29.35 CNY
Average target price
35 CNY
Spread / Average Target
+19.25%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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