SINOSTEEL NEW MATERIALS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.45 CNY | -4.20% |
|
+1.56% | +5.10% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,232 | 5,281 | 4,108 | 6,865 | 7,970 | 6,103 |
| Enterprise Value (EV) 1 | 1,767 | 5,007 | 3,873 | 5,705 | 6,850 | 5,165 |
| P/E ratio | 18.3 x | 38.5 x | 23.8 x | 30.3 x | 20.3 x | 22.1 x |
| Yield | 1.72% | 0.76% | 1.4% | 1.51% | 2.3% | - |
| Capitalization / Revenue | 1.74 x | 3.82 x | 2.46 x | 2.65 x | 2.89 x | 2.2 x |
| EV / Revenue | 1.38 x | 3.62 x | 2.32 x | 2.2 x | 2.48 x | 1.86 x |
| EV / EBITDA | 12.6 x | 28.3 x | 17 x | 20.9 x | 19.5 x | 10.7 x |
| EV / FCF | 67.6 x | 380 x | -123 x | -416 x | -37.9 x | 52.5 x |
| FCF Yield | 1.48% | 0.26% | -0.81% | -0.24% | -2.64% | 1.9% |
| Price to Book | 1.68 x | 3.69 x | 2.56 x | 2.57 x | 2.69 x | 1.98 x |
| Nbr of stocks (in thousands) | 575,288 | 575,288 | 575,288 | 746,188 | 759,048 | 759,048 |
| Reference price 2 | 3.880 | 9.180 | 7.140 | 9.200 | 10.50 | 8.040 |
| Announcement Date | 4/25/19 | 4/19/20 | 4/25/21 | 4/19/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,279 | 1,381 | 1,672 | 2,588 | 2,762 | 2,771 |
| EBITDA 1 | 140 | 177.2 | 227.7 | 273.3 | 351.2 | 483.4 |
| EBIT 1 | 106.4 | 140.1 | 179.7 | 202.2 | 272.8 | 394.2 |
| Operating Margin | 8.32% | 10.14% | 10.75% | 7.82% | 9.88% | 14.23% |
| Earnings before Tax (EBT) 1 | 137.1 | 160.3 | 197.1 | 268 | 455.9 | 367.5 |
| Net income 1 | 122.3 | 137.2 | 172.9 | 213.7 | 389.8 | 274.6 |
| Net margin | 9.56% | 9.93% | 10.34% | 8.26% | 14.11% | 9.91% |
| EPS 2 | 0.2122 | 0.2385 | 0.3006 | 0.3038 | 0.5164 | 0.3643 |
| Free Cash Flow 1 | 26.13 | 13.16 | -31.43 | -13.72 | -180.9 | 98.3 |
| FCF margin | 2.04% | 0.95% | -1.88% | -0.53% | -6.55% | 3.55% |
| FCF Conversion (EBITDA) | 18.67% | 7.43% | - | - | - | 20.34% |
| FCF Conversion (Net income) | 21.37% | 9.59% | - | - | - | 35.79% |
| Dividend per Share 2 | 0.0667 | 0.0700 | 0.1000 | 0.1390 | 0.2410 | - |
| Announcement Date | 4/25/19 | 4/19/20 | 4/25/21 | 4/19/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 465 | 274 | 235 | 1,160 | 1,120 | 938 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 26.1 | 13.2 | -31.4 | -13.7 | -181 | 98.3 |
| ROE (net income / shareholders' equity) | 9.48% | 9.94% | 11.4% | 10.5% | 13.4% | 9.41% |
| ROA (Net income/ Total Assets) | 3.9% | 4.5% | 4.54% | 3.29% | 3.45% | 4.78% |
| Assets 1 | 3,134 | 3,050 | 3,805 | 6,491 | 11,289 | 5,741 |
| Book Value Per Share 2 | 2.320 | 2.490 | 2.790 | 3.580 | 3.910 | 4.060 |
| Cash Flow per Share 2 | 0.8700 | 0.7500 | 0.9800 | 1.400 | 1.530 | 1.780 |
| Capex 1 | 36 | 122 | 116 | 140 | 265 | 141 |
| Capex / Sales | 2.81% | 8.83% | 6.96% | 5.41% | 9.6% | 5.08% |
| Announcement Date | 4/25/19 | 4/19/20 | 4/25/21 | 4/19/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.10% | 887M | |
| +6.00% | 105B | |
| -3.47% | 64.68B | |
| +53.33% | 43.21B | |
| +17.94% | 39.33B | |
| +6.56% | 32.99B | |
| +11.65% | 20.09B | |
| +14.15% | 17.05B | |
| +24.53% | 15.96B | |
| +7.25% | 14.69B |
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