Financials Solbar Ningbo Protein Technology Co., Ltd.

Equities

603231

CNE100006DV2

Food Processing

End-of-day quote Shanghai S.E. 18:00:00 2024-05-23 EDT 5-day change 1st Jan Change
19.86 CNY +0.35% Intraday chart for Solbar Ningbo Protein Technology Co., Ltd. -3.26% -15.56%

Valuation

Fiscal Period: December 2023
Capitalization 1 4,503
Enterprise Value (EV) 1 3,515
P/E ratio 22.4 x
Yield 2.13%
Capitalization / Revenue 2.58 x
EV / Revenue 2.01 x
EV / EBITDA 15.6 x
EV / FCF -241 x
FCF Yield -0.41%
Price to Book 2.38 x
Nbr of stocks (in thousands) 191,459
Reference price 2 23.52
Announcement Date 24-04-19
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023
Net sales 1 1,279 1,586 1,847 1,748
EBITDA 1 162.4 198.3 229.6 225
EBIT 1 118.8 153.8 177.6 166.7
Operating Margin 9.29% 9.7% 9.62% 9.54%
Earnings before Tax (EBT) 1 119.6 142.5 188.8 176.6
Net income 1 97.75 123.9 168 150.3
Net margin 7.64% 7.81% 9.1% 8.6%
EPS 2 0.6800 0.8600 1.170 1.050
Free Cash Flow 1 29.71 -28.58 -0.4157 -14.58
FCF margin 2.32% -1.8% -0.02% -0.83%
FCF Conversion (EBITDA) 18.29% - - -
FCF Conversion (Net income) 30.39% - - -
Dividend per Share 2 0.5000 0.4000 0.3000 0.5000
Announcement Date 23-11-23 23-11-23 23-11-23 24-04-19
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023
Net Debt 1 - - - -
Net Cash position 1 111 18.8 3.1 988
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 29.7 -28.6 -0.42 -14.6
ROE (net income / shareholders' equity) 16.4% 18.7% 22.5% 11.2%
ROA (Net income/ Total Assets) 9.82% 11.1% 10.5% 6.34%
Assets 1 995.7 1,114 1,604 2,370
Book Value Per Share 2 4.410 4.790 5.590 9.870
Cash Flow per Share 2 0.4900 0.8600 0.6100 5.610
Capex 1 72.5 161 144 99.7
Capex / Sales 5.67% 10.12% 7.8% 5.7%
Announcement Date 23-11-23 23-11-23 23-11-23 24-04-19
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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