Financials Sanwei Holding 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
14.48 ^CNY	-1.63%		-3.53%	-8.41%

04-29	Sanwei Holding Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-29	Sanwei Holding 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	5,647	10,147	15,430	13,668	16,313	14,941	-	-
Enterprise Value (EV) ¹	5,647	10,147	15,430	13,668	16,313	14,941	14,941	14,941
P/E ratio	24.7 x	47.6 x	123 x	57.5 x	105 x	41.4 x	27.8 x	24.1 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	-	-	4.59 x	3.53 x	4.19 x	2.53 x	2.22 x	2.04 x
EV / Revenue	-	-	4.59 x	3.53 x	4.19 x	2.53 x	2.22 x	2.04 x
EV / EBITDA	-	-	40.2 x	26.4 x	27.9 x	14.5 x	10.1 x	8.54 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	5.05 x	4.15 x	4.68 x	3.95 x	3.54 x	3.2 x
Nbr of stocks (in thousands)	1,008,356	1,008,356	1,008,356	1,029,440	1,031,805	1,031,805	-	-
Reference price ²	5.600	10.06	15.30	13.28	15.81	14.48	14.48	14.48
Announcement Date	20-04-29	21-04-26	22-04-25	23-04-28	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	3,364	3,873	3,895	5,911	6,718	7,310
EBITDA ¹	-	-	383.6	516.9	583.8	1,027	1,474	1,749
EBIT ¹	-	-	193.9	307.6	221.4	518.9	770.1	897.1
Operating Margin	-	-	5.76%	7.94%	5.69%	8.78%	11.46%	12.27%
Earnings before Tax (EBT) ¹	-	-	189	305.6	215.6	513	764.3	891.3
Net income ¹	223	211.2	124.3	232.4	147.9	357.8	533.1	621.7
Net margin	-	-	3.69%	6%	3.8%	6.05%	7.94%	8.5%
EPS ²	0.2264	0.2113	0.1243	0.2308	0.1500	0.3500	0.5200	0.6000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	20-04-29	21-04-26	22-04-25	23-04-28	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

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)	-	-	4.11%	7.33%	4.38%	9.11%	12.1%	12.7%
ROA (Net income/ Total Assets)	-	-	2.26%	-	-	-	-	-
Assets ¹	-	-	5,491	-	-	-	-	-
Book Value Per Share ²	-	-	3.030	3.200	3.380	3.670	4.090	4.530
Cash Flow per Share ²	-	-	0.1600	0.2200	0.3000	0.1500	0.4700	0.6600
Capex ¹	-	-	269	1,353	2,645	2,229	1,038	871
Capex / Sales	-	-	8%	34.94%	67.92%	37.71%	15.45%	11.91%
Announcement Date	20-04-29	21-04-26	22-04-25	23-04-28	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.48 CNY

Average target price

16.76 CNY

Spread / Average Target

+15.75%

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