Financials Shandong Longquan Pipe Industry Co.,Ltd

Equities

002671

CNE100001D70

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. 18:00:00 2024-06-06 EDT 5-day change 1st Jan Change
3.64 CNY +4.00% Intraday chart for Shandong Longquan Pipe Industry Co.,Ltd -5.21% -39.23%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,937 2,145 2,375 2,691 2,395 3,320
Enterprise Value (EV) 1 2,505 2,311 2,446 2,850 2,607 3,536
P/E ratio -20.5 x 227 x -23.3 x 158 x -3.76 x 120 x
Yield - - - - - -
Capitalization / Revenue 1.91 x 1.92 x 2.84 x 1.96 x 2.4 x 3 x
EV / Revenue 2.48 x 2.07 x 2.92 x 2.07 x 2.62 x 3.19 x
EV / EBITDA 35.7 x 15.6 x 54.6 x 19.8 x -38.2 x 24.4 x
EV / FCF -35.3 x 5.11 x -12.8 x -39.2 x -16.8 x 119 x
FCF Yield -2.83% 19.6% -7.84% -2.55% -5.97% 0.84%
Price to Book 0.97 x 1.07 x 1.09 x 1.2 x 1.54 x 1.71 x
Nbr of stocks (in thousands) 472,442 472,442 566,930 566,510 554,395 554,206
Reference price 2 4.100 4.540 4.190 4.750 4.320 5.990
Announcement Date 3/27/19 4/28/20 4/16/21 3/30/22 4/28/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,012 1,118 836.8 1,376 996.5 1,108
EBITDA 1 70.25 148.2 44.83 144.3 -68.28 144.7
EBIT 1 -48.9 27.04 -80.48 19.72 -193.1 53.85
Operating Margin -4.83% 2.42% -9.62% 1.43% -19.38% 4.86%
Earnings before Tax (EBT) 1 -124.6 11.68 -99.85 25.6 -662.6 35.22
Net income 1 -94.62 7.191 -90.05 17.66 -640.8 27.78
Net margin -9.35% 0.64% -10.76% 1.28% -64.3% 2.51%
EPS 2 -0.2000 0.0200 -0.1800 0.0300 -1.150 0.0500
Free Cash Flow 1 -71.01 452.1 -191.7 -72.8 -155.6 29.65
FCF margin -7.02% 40.44% -22.91% -5.29% -15.61% 2.68%
FCF Conversion (EBITDA) - 305.19% - - - 20.49%
FCF Conversion (Net income) - 6,287.62% - - - 106.73%
Dividend per Share - - - - - -
Announcement Date 3/27/19 4/28/20 4/16/21 3/30/22 4/28/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -44.84
Net margin -
EPS 2 -0.0800
Dividend per Share -
Announcement Date 4/18/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 568 166 70.9 159 212 216
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.085 x 1.122 x 1.582 x 1.105 x -3.103 x 1.491 x
Free Cash Flow 1 -71 452 -192 -72.8 -156 29.6
ROE (net income / shareholders' equity) -4.8% 0.36% -4.7% 0.59% -34.3% 1.6%
ROA (Net income/ Total Assets) -0.86% 0.52% -1.61% 0.39% -4.16% 1.28%
Assets 1 10,946 1,391 5,591 4,482 15,415 2,166
Book Value Per Share 2 4.240 4.240 3.850 3.970 2.810 3.490
Cash Flow per Share 2 0.4600 0.7800 0.6600 0.4600 0.7600 0.6000
Capex 1 49.6 92.7 108 180 150 171
Capex / Sales 4.9% 8.29% 12.87% 13.06% 15.1% 15.46%
Announcement Date 3/27/19 4/28/20 4/16/21 3/30/22 4/28/23 3/29/24
1CNY in Million2CNY
Estimates
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