Financials Zhejiang Hailide New Material Co.,Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-05-07 EDT			5-day change	1st Jan Change
4.54 ^CNY	-2.58%		+3.18%	-9.56%

04-29	Zhejiang Hailide New Material Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-15	Zhejiang Hailide New Material Co.,Ltd Proposes Final Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,344	4,530	10,288	6,972	5,569	5,037	-	-
Enterprise Value (EV) ¹	4,344	4,530	10,288	6,972	5,569	5,037	5,037	5,037
P/E ratio	13.4 x	18.6 x	17.8 x	20.6 x	16.7 x	12.1 x	10.7 x	9.98 x
Yield	2.67%	5.12%	1.13%	-	2.99%	3.74%	3.85%	4.07%
Capitalization / Revenue	1.08 x	1.28 x	2.03 x	-	0.99 x	0.84 x	0.81 x	0.78 x
EV / Revenue	1.08 x	1.28 x	2.03 x	-	0.99 x	0.84 x	0.81 x	0.78 x
EV / EBITDA	-	-	10.7 x	-	7.14 x	5.25 x	4.8 x	4.49 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.64 x	1.65 x	3.34 x	-	1.58 x	1.33 x	1.24 x	1.14 x
Nbr of stocks (in thousands)	1,158,507	1,158,507	1,158,507	1,167,757	1,109,431	1,109,431	-	-
Reference price ²	3.750	3.910	8.880	5.970	5.020	4.540	4.540	4.540
Announcement Date	20-02-28	21-02-17	22-03-09	23-03-30	24-04-14	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,014	3,538	5,067	-	5,622	5,962	6,229	6,477
EBITDA ¹	-	-	965.5	-	780.1	959.5	1,050	1,123
EBIT ¹	384.6	305.5	643.2	-	402	501	567.5	614.5
Operating Margin	9.58%	8.64%	12.69%	-	7.15%	8.4%	9.11%	9.49%
Earnings before Tax (EBT) ¹	383.2	305	643.5	-	401.2	500.5	567	614
Net income ¹	327.1	252.6	575	332.1	349.2	436	493.5	534
Net margin	8.15%	7.14%	11.35%	-	6.21%	7.31%	7.92%	8.24%
EPS ²	0.2800	0.2100	0.5000	0.2900	0.3000	0.3750	0.4250	0.4550
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	0.2000	0.1000	-	0.1500	0.1700	0.1750	0.1850
Announcement Date	20-02-28	21-02-17	22-03-09	23-03-30	24-04-14	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.7%	8.7%	19%	-	9.77%	11%	11.5%	11.6%
ROA (Net income/ Total Assets)	6.27%	4.43%	8.55%	-	-	5.63%	6.11%	6.29%
Assets ¹	5,218	5,703	6,727	-	-	7,751	8,084	8,490
Book Value Per Share ²	2.290	2.370	2.660	-	3.170	3.410	3.680	3.970
Cash Flow per Share ²	0.5900	0.3100	0.1500	-	0.6900	0.7800	0.8300	0.8900
Capex ¹	494	690	515	-	184	595	603	609
Capex / Sales	12.31%	19.52%	10.16%	-	3.28%	9.97%	9.68%	9.39%
Announcement Date	20-02-28	21-02-17	22-03-09	23-03-30	24-04-14	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.54 CNY

Average target price

5.32 CNY

Spread / Average Target

+17.18%

	1st Jan change	Capi.
ZHEJIANG HAILIDE NEW MATERIAL CO.,LTD	-9.56%	716M
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WANHUA CHEMICAL GROUP CO., LTD.	+18.29%	40.01B
LYONDELLBASELL INDUSTRIES N.V.	+7.47%	33.03B
WESTLAKE CORPORATION	+10.70%	20.11B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+16.99%	17.52B
HENGLI PETROCHEMICAL CO.,LTD.	+20.27%	15.51B
RONGSHENG PETROCHEMICAL CO., LTD.	+10.05%	15.34B