Financials Sino-Agri Leading Biosciences Co.,Ltd

Equities

603970

CNE100002TN4

Agricultural Chemicals

End-of-day quote Shanghai S.E. 18:00:00 2024-05-26 EDT 5-day change 1st Jan Change
19.63 CNY +0.67% Intraday chart for Sino-Agri Leading Biosciences Co.,Ltd -3.77% +27.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,474 2,475 4,051 5,002 5,626 4,129
Enterprise Value (EV) 1 2,704 2,557 3,668 4,485 3,604 3,221
P/E ratio 21.4 x 20.8 x 30.6 x 29.4 x 26.7 x 18.4 x
Yield 1.62% 1.94% 1.42% 1.34% 1.88% 2.93%
Capitalization / Revenue 0.66 x 0.57 x 0.61 x 0.57 x 0.48 x 0.39 x
EV / Revenue 0.72 x 0.59 x 0.55 x 0.51 x 0.31 x 0.31 x
EV / EBITDA 15.2 x 13.2 x 14.8 x 18.3 x 9.31 x 11 x
EV / FCF -51.7 x 17 x 7.62 x 25.2 x 2.29 x -3.13 x
FCF Yield -1.94% 5.88% 13.1% 3.97% 43.6% -31.9%
Price to Book 2.86 x 2.59 x 3.95 x 4.27 x 4.27 x 2.87 x
Nbr of stocks (in thousands) 268,800 268,800 268,800 268,800 268,800 268,800
Reference price 2 9.202 9.207 15.07 18.61 20.93 15.36
Announcement Date 19-04-22 20-04-21 21-04-19 22-04-18 23-04-18 24-04-18
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,735 4,342 6,641 8,822 11,699 10,460
EBITDA 1 177.5 194 248.1 245.1 387.1 292.1
EBIT 1 156.8 181.1 238.7 235 374.4 281.3
Operating Margin 4.2% 4.17% 3.59% 2.66% 3.2% 2.69%
Earnings before Tax (EBT) 1 158 155.6 207.5 240.2 325.7 315.1
Net income 1 115.5 118.9 132.4 170.3 210.3 224.8
Net margin 3.09% 2.74% 1.99% 1.93% 1.8% 2.15%
EPS 2 0.4295 0.4422 0.4927 0.6336 0.7825 0.8365
Free Cash Flow 1 -52.33 150.4 481.2 178 1,571 -1,029
FCF margin -1.4% 3.46% 7.25% 2.02% 13.43% -9.84%
FCF Conversion (EBITDA) - 77.52% 193.97% 72.63% 405.87% -
FCF Conversion (Net income) - 126.51% 363.29% 104.54% 746.89% -
Dividend per Share 2 0.1488 0.1786 0.2143 0.2500 0.3929 0.4500
Announcement Date 19-04-22 20-04-21 21-04-19 22-04-18 23-04-18 24-04-18
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 231 82.3 - - - -
Net Cash position 1 - - 384 517 2,022 908
Leverage (Debt/EBITDA) 1.3 x 0.4244 x - - - -
Free Cash Flow 1 -52.3 150 481 178 1,571 -1,029
ROE (net income / shareholders' equity) 12.6% 12.4% 14.2% 15.3% 17.9% 16.1%
ROA (Net income/ Total Assets) 3.65% 4.25% 4.41% 3.35% 4.26% 2.87%
Assets 1 3,162 2,796 3,002 5,082 4,938 7,837
Book Value Per Share 2 3.220 3.560 3.810 4.360 4.900 5.360
Cash Flow per Share 2 1.240 1.770 3.740 3.600 7.190 3.210
Capex 1 8.99 2.67 15 3.99 3.44 4.37
Capex / Sales 0.24% 0.06% 0.23% 0.05% 0.03% 0.04%
Announcement Date 19-04-22 20-04-21 21-04-19 22-04-18 23-04-18 24-04-18
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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