Financials Shaanxi Sirui Advanced Materials Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-06-04 EDT			5-day change	1st Jan Change
12.1 ^CNY	+1.17%		-3.35%	-8.26%

04-26	Shaanxi Sirui Advanced Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
03-15	Certain A Shares of Shaanxi Sirui Advanced Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 15-MAR-2024.	CI

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	6,596	7,387	6,749	-	-
Enterprise Value (EV) ¹	6,596	7,387	6,749	6,749	6,749
P/E ratio	82.8 x	73.3 x	47.8 x	35.6 x	26.6 x
Yield	-	0.61%	0.83%	1.07%	-
Capitalization / Revenue	6.64 x	6.29 x	4.44 x	3.46 x	2.56 x
EV / Revenue	6.64 x	6.29 x	4.44 x	3.46 x	2.56 x
EV / EBITDA	-	42.5 x	31.5 x	23.6 x	18.2 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	6.64 x	6.98 x	5.8 x	5.14 x	4.38 x
Nbr of stocks (in thousands)	560,014	560,014	557,746	-	-
Reference price ²	11.78	13.19	12.10	12.10	12.10
Announcement Date	23-02-27	24-02-01	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	993.6	1,175	1,520	1,950	2,635
EBITDA ¹	-	-	173.8	214.6	286.2	370.8
EBIT ¹	-	74.5	115.6	157.9	202.6	291.2
Operating Margin	-	7.5%	9.84%	10.39%	10.39%	11.05%
Earnings before Tax (EBT) ¹	-	73.08	114	156.6	201.7	289.9
Net income ¹	62.44	78.01	101.5	139.6	189.6	255.9
Net margin	-	7.85%	8.64%	9.18%	9.72%	9.71%
EPS ²	0.1239	0.1423	0.1800	0.2533	0.3400	0.4550
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	0.0800	0.1000	0.1300	-
Announcement Date	22-02-24	23-02-27	24-02-01	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	8.92%	9.58%	12.1%	14.6%	16.5%
ROA (Net income/ Total Assets)	-	-	6.29%	7%	8.2%	8.8%
Assets ¹	-	-	1,614	1,994	2,312	2,908
Book Value Per Share ²	-	1.770	1.890	2.090	2.350	2.770
Cash Flow per Share ²	-	0.0900	0.3000	0.1600	0.3200	0.1400
Capex ¹	-	162	197	158	173	102
Capex / Sales	-	16.32%	16.75%	10.39%	8.88%	3.88%
Announcement Date	22-02-24	23-02-27	24-02-01	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.1 CNY

Average target price

13.9 CNY

Spread / Average Target

+14.92%

	1st Jan change	Capi.
SHAANXI SIRUI ADVANCED MATERIALS CO., LTD.	-8.26%	931M
VSMPO-AVISMA CORPORATION	-.--%	7.4B
ZHEJIANG HUAYOU COBALT CO., LTD	-16.70%	6.42B
CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO., LTD.	-7.34%	3.75B
WESTERN SUPERCONDUCTING TECHNOLOGIES CO., LTD.	-20.20%	3.81B
YUNNAN COPPER CO.,LTD	+20.84%	3.64B
PANGANG GROUP VANADIUM & TITANIUM RESOURCES CO., LTD.	-14.02%	3.62B
CHINA NONFERROUS MINING CORPORATION LIMITED	+39.57%	3.45B
AURUBIS AG	-0.55%	3.5B
ZHE JIANG HAI LIANG CO., LTD	-25.29%	2.3B