Financials Shanghai Pret Composites Co., Ltd.

Equities

002324

CNE100000J34

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-05-09 EDT			5-day change	1st Jan Change
10.57 ^CNY	-0.94%		+2.03%	-19.62%

04-25	Shanghai Pret Composites Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Shanghai Pret Composites Co., Ltd.'s Equity Buyback Plan announced on January 23, 2024.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,088	14,315	14,233	16,122	14,582	11,650	-	-
Enterprise Value (EV) ¹	7,088	14,315	14,233	16,122	14,582	11,650	11,650	11,650
P/E ratio	-	36.2 x	601 x	79.8 x	29.5 x	21.1 x	13.6 x	11 x
Yield	0.75%	0.3%	0.35%	0.31%	0.38%	1.23%	2.11%	-
Capitalization / Revenue	1.97 x	3.22 x	2.92 x	2.39 x	1.67 x	1.06 x	0.77 x	0.69 x
EV / Revenue	1.97 x	3.22 x	2.92 x	2.39 x	1.67 x	1.06 x	0.77 x	0.69 x
EV / EBITDA	26.6 x	25.8 x	107 x	36.4 x	20.4 x	9.07 x	7.96 x	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.96 x	5.31 x	5.47 x	5.71 x	3.4 x	2.42 x	2.11 x	1.7 x
Nbr of stocks (in thousands)	1,014,062	1,014,062	1,008,022	1,007,617	1,108,860	1,102,177	-	-
Reference price ²	6.990	14.12	14.12	16.00	13.15	10.57	10.57	10.57
Announcement Date	20-02-27	21-02-26	22-03-14	23-04-10	24-03-19	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,600	4,448	4,871	6,758	8,709	10,991	15,133	16,827
EBITDA ¹	266.6	554.5	133.5	443.1	714.1	1,285	1,464	-
EBIT ¹	181.7	457.9	34.41	210	496.1	606	1,012	1,152
Operating Margin	5.05%	10.3%	0.71%	3.11%	5.7%	5.51%	6.69%	6.85%
Earnings before Tax (EBT) ¹	-	464.8	34.93	209.2	496.2	601	1,010	1,153
Net income ¹	-	395.7	23.75	202.1	468.4	559	867.9	1,075
Net margin	-	8.9%	0.49%	2.99%	5.38%	5.09%	5.74%	6.39%
EPS ²	-	0.3902	0.0235	0.2005	0.4458	0.5000	0.7767	0.9600
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0521	0.0417	0.0500	0.0500	0.0500	0.1300	0.2233	-
Announcement Date	20-02-27	21-02-26	22-03-14	23-04-10	24-03-19	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	1,881	2,477	1,908	4,047	2,450	2,212	1,947	2,645	3,117	3,669
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-
Net income	106.3	-	-	-	-	-	-	-	-	-
Net margin	5.65%	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	22-10-27	23-04-10	23-04-24	23-08-24	23-10-23	24-03-19	24-04-25	-	-	-

¹CNY in Million

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)	7.05%	15.6%	0.9%	7.44%	13.3%	13.9%	15.5%	15.5%
ROA (Net income/ Total Assets)	4.22%	9.53%	0.53%	3.06%	-	4.4%	6.27%	-
Assets ¹	-	4,151	4,513	6,613	-	12,705	13,850	-
Book Value Per Share ²	2.360	2.660	2.580	2.800	3.870	4.370	5.010	6.210
Cash Flow per Share ²	0.3500	0.4100	-0.1300	-0.1100	0.7500	1.940	0.3800	0.5900
Capex ¹	49.1	111	74.4	118	967	1,007	1,007	-
Capex / Sales	1.36%	2.51%	1.53%	1.75%	11.1%	9.16%	6.65%	-
Announcement Date	20-02-27	21-02-26	22-03-14	23-04-10	24-03-19	-	-	-

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 Shanghai Pret Composites Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.57 CNY

Average target price

11.8 CNY

Spread / Average Target

+11.64%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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