Financials SINOPEC Engineering (Group) Co., Ltd.

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:42 2024-06-28 EDT			5-day change	1st Jan Change
5.4 ^HKD	+1.69%		+0.56%	+35.00%

06-20	SINOPEC Engineering Co., Ltd. commences an Equity Buyback Plan for 441,854,350 shares, representing 10% of its issued share capital, under the authorization approved on May 10, 2024.	CI
05-13	Sinopec Engineering Cancels 13.4 Million Shares	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,440	12,448	13,891	13,414	16,052	22,127	-	-
Enterprise Value (EV) ¹	1,600	4,334	-4,547	13,414	28,997	7,710	9,076	8,897
P/E ratio	8.5 x	5.21 x	6.54 x	5.83 x	6.86 x	8.23 x	7.6 x	6.9 x
Yield	7.68%	10.7%	9.98%	10.8%	9.43%	7.75%	8.33%	8.74%
Capitalization / Revenue	0.35 x	0.24 x	0.24 x	0.25 x	0.29 x	0.37 x	0.34 x	0.33 x
EV / Revenue	0.03 x	0.08 x	-0.08 x	0.25 x	0.52 x	0.13 x	0.14 x	0.13 x
EV / EBITDA	0.59 x	1.52 x	-1.76 x	4.92 x	10.8 x	2.74 x	3.05 x	2.92 x
EV / FCF	-	-	-2.01 x	-	13.5 x	4.13 x	5.63 x	2.21 x
FCF Yield	-	-	-49.7%	-	7.41%	24.2%	17.8%	45.3%
Price to Book	0.68 x	0.44 x	0.48 x	0.45 x	0.52 x	0.68 x	0.66 x	0.64 x
Nbr of stocks (in thousands)	4,428,000	4,428,000	4,428,000	4,428,000	4,415,177	4,402,250	-	-
Reference price ²	4.165	2.811	3.137	3.029	3.636	4.942	4.942	4.942
Announcement Date	20-03-22	21-03-21	22-03-20	23-03-19	24-03-17	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	52,261	52,353	57,760	53,028	56,221	60,107	64,391	67,089
EBITDA ¹	2,700	2,854	2,576	2,727	2,677	2,815	2,974	3,048
EBIT ¹	2,017	2,204	1,702	1,181	1,727	2,061	2,235	2,489
Operating Margin	3.86%	4.21%	2.95%	2.23%	3.07%	3.43%	3.47%	3.71%
Earnings before Tax (EBT) ¹	2,827	3,011	2,592	2,762	2,764	3,197	3,521	3,920
Net income ¹	2,183	2,382	2,130	2,282	2,335	2,620	2,843	3,120
Net margin	4.18%	4.55%	3.69%	4.3%	4.15%	4.36%	4.41%	4.65%
EPS ²	0.4900	0.5400	0.4800	0.5200	0.5300	0.6003	0.6505	0.7166
Free Cash Flow ¹	-	-	2,261	-	2,148	1,865	1,613	4,028
FCF margin	-	-	3.91%	-	3.82%	3.1%	2.51%	6%
FCF Conversion (EBITDA)	-	-	87.76%	-	80.25%	66.25%	54.23%	132.17%
FCF Conversion (Net income)	-	-	106.16%	-	91.99%	71.19%	56.75%	129.09%
Dividend per Share ²	0.3200	0.3000	0.3130	0.3280	0.3430	0.3832	0.4118	0.4320
Announcement Date	20-03-22	21-03-21	22-03-20	23-03-19	24-03-17	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	12,945	-	-	-
Net Cash position ¹	16,840	8,114	18,437	-	-	14,417	13,050	13,230
Leverage (Debt/EBITDA)	-	-	-	-	4.836 x	-	-	-
Free Cash Flow ¹	-	-	2,261	-	2,148	1,865	1,613	4,028
ROE (net income / shareholders' equity)	8.2%	8.58%	7.42%	7.6%	7.6%	8.32%	8.82%	9.34%
ROA (Net income/ Total Assets)	3.1%	3.4%	3%	3%	2.9%	2.94%	3.05%	3.01%
Assets ¹	70,434	70,056	70,986	76,060	80,533	89,171	93,174	103,540
Book Value Per Share ²	6.160	6.380	6.580	6.780	6.980	7.260	7.530	7.750
Cash Flow per Share ²	0.0700	0.6700	0.6600	1.540	0.5700	0.9400	0.9400	1.120
Capex ¹	371	452	683	-	368	772	755	633
Capex / Sales	0.71%	0.86%	1.18%	-	0.66%	1.29%	1.17%	0.94%
Announcement Date	20-03-22	21-03-21	22-03-20	23-03-19	24-03-17	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.026 CNY

Average target price

5.482 CNY

Spread / Average Target

+9.06%

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