Financials Sokan New Materials Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-06-25 EDT			5-day change	1st Jan Change
32.72 ^CNY	-0.18%		-3.48%	-39.34%

04-29	Hunan Sokan New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Hunan Sokan New Materials Co., Ltd.'s Equity Buyback Plan announced on February 21, 2024.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,607	9,687	6,984	6,027	3,643	-	-
Enterprise Value (EV) ¹	6,607	9,687	6,984	6,027	3,643	3,643	3,643
P/E ratio	69.2 x	98.9 x	84.1 x	73.9 x	31.7 x	22.2 x	16.2 x
Yield	-	0.3%	0.35%	0.41%	-	0.57%	-
Capitalization / Revenue	15.2 x	19.1 x	14 x	10.2 x	4.33 x	3.58 x	2.75 x
EV / Revenue	15.2 x	19.1 x	14 x	10.2 x	4.33 x	3.58 x	2.75 x
EV / EBITDA	62.9 x	-	68.5 x	55.7 x	26.2 x	17 x	12.8 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	6.03 x	8.18 x	5.59 x	4.65 x	2.62 x	2.38 x	2.11 x
Nbr of stocks (in thousands)	111,440	111,440	111,736	111,736	111,339	-	-
Reference price ²	59.29	86.93	62.50	53.94	32.72	32.72	32.72
Announcement Date	21-01-14	22-02-27	23-02-10	24-02-06	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	434.9	508.2	499.1	588.2	842	1,016	1,323
EBITDA ¹	105.1	-	102	108.2	139	214	284.5
EBIT ¹	92.96	104.1	86.03	88.18	144	177.2	244
Operating Margin	21.37%	20.47%	17.24%	14.99%	17.1%	17.44%	18.44%
Earnings before Tax (EBT) ¹	96.83	108.6	86.23	87.85	124.8	179	246
Net income ¹	87.18	97.39	82.25	83.3	115.4	164.6	227
Net margin	20.04%	19.16%	16.48%	14.16%	13.71%	16.2%	17.16%
EPS ²	0.8571	0.8786	0.7429	0.7300	1.032	1.472	2.025
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2643	0.2214	0.2200	-	0.1850	-
Announcement Date	21-01-14	22-02-27	23-02-10	24-02-06	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	19.5%	8.55%	6.82%	6.45%	8.27%	10.7%	13.1%
ROA (Net income/ Total Assets)	9.68%	-	5.09%	5.44%	5.8%	7.6%	8.9%
Assets ¹	900.3	-	1,616	1,532	1,990	2,166	2,551
Book Value Per Share ²	9.830	10.60	11.20	11.60	12.50	13.70	15.50
Cash Flow per Share ²	0.6400	0.5100	1.260	0.2400	1.320	1.190	1.570
Capex ¹	56.5	108	240	211	269	149	153
Capex / Sales	13%	21.18%	48.04%	35.9%	31.89%	14.63%	11.56%
Announcement Date	21-01-14	22-02-27	23-02-10	24-02-06	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

32.72 CNY

Average target price

54.16 CNY

Spread / Average Target

+65.53%

	1st Jan change	Capi.
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