Financials Shandong Donghong Pipe Industry Co., Ltd.

Equities

603856

CNE100002TV7

Construction Supplies & Fixtures

End-of-day quote Shanghai S.E. 18:00:00 2024-05-19 EDT 5-day change 1st Jan Change
11.36 CNY +2.71% Intraday chart for Shandong Donghong Pipe Industry Co., Ltd. +4.32% -2.66%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,095 3,277 2,983 2,998 2,918 - -
Enterprise Value (EV) 1 3,095 3,277 2,983 2,998 2,918 2,918 2,918
P/E ratio 9.73 x 24.4 x 20.3 x 18.5 x 12.3 x 10.2 x 8.41 x
Yield 3.09% 1.22% 1.5% - - - -
Capitalization / Revenue 1.29 x 1.48 x 1.02 x 1.05 x 0.82 x 0.69 x 0.59 x
EV / Revenue 1.29 x 1.48 x 1.02 x 1.05 x 0.82 x 0.69 x 0.59 x
EV / EBITDA 7.53 x 17.4 x 12.8 x 12.1 x 7.57 x 6.25 x 5.07 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.58 x 1.64 x 1.41 x 1.34 x 1.21 x 1.11 x 1 x
Nbr of stocks (in thousands) 256,415 258,035 257,387 256,901 256,901 - -
Reference price 2 12.07 12.70 11.59 11.67 11.36 11.36 11.36
Announcement Date 21-01-26 22-01-28 23-01-30 24-04-25 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,393 2,209 2,939 2,864 3,570 4,233 4,986
EBITDA 1 411.1 188.6 233.2 247.8 385.7 467 576.2
EBIT 1 373.8 147.3 167.8 184.6 276.7 344.7 424.4
Operating Margin 15.62% 6.67% 5.71% 6.45% 7.75% 8.14% 8.51%
Earnings before Tax (EBT) 1 372.5 149.1 167.3 188.3 257.3 319.9 392.5
Net income 1 317.6 133 146.4 161.1 236.2 286.2 347.3
Net margin 13.28% 6.02% 4.98% 5.63% 6.62% 6.76% 6.97%
EPS 2 1.240 0.5200 0.5700 0.6300 0.9200 1.110 1.350
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 0.3730 0.1550 0.1740 - - - -
Announcement Date 21-01-26 22-01-28 23-01-30 24-04-25 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 16.8% 6.72% 7.1% 7.31% 9.93% 11% 12.1%
ROA (Net income/ Total Assets) 12.8% 3.94% 3.79% - - - -
Assets 1 2,486 3,379 3,862 - - - -
Book Value Per Share 2 7.640 7.770 8.220 8.720 9.390 10.30 11.30
Cash Flow per Share 2 -0.1100 -0.7800 0.0700 0.7500 0.8800 1.230 1.070
Capex 1 60.6 163 35.2 6.28 170 176 222
Capex / Sales 2.53% 7.37% 1.2% 0.22% 4.76% 4.17% 4.45%
Announcement Date 21-01-26 22-01-28 23-01-30 24-04-25 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
11.36 CNY
Average target price
13.3 CNY
Spread / Average Target
+17.08%
Consensus

Annual profits - Rate of surprise

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