ZHEJIANG HANGMIN CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.97 CNY | +1.27% |
|
+3.24% | -9.02% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,097 | 6,842 | 6,193 | 5,818 | 7,618 | 9,205 |
| Enterprise Value (EV) 1 | 4,004 | 4,393 | 3,607 | 2,880 | 4,177 | 5,305 |
| P/E ratio | 8.55 x | 9.31 x | 10.3 x | 9.01 x | 11.6 x | 13.5 x |
| Yield | 3.42% | 3.48% | 3.49% | 5.4% | 4.14% | 3.42% |
| Capitalization / Revenue | 0.81 x | 1.02 x | 1.18 x | 0.61 x | 0.8 x | 0.95 x |
| EV / Revenue | 0.53 x | 0.66 x | 0.69 x | 0.3 x | 0.44 x | 0.55 x |
| EV / EBITDA | 3.32 x | 3.73 x | 3.87 x | 2.72 x | 4.17 x | 4.85 x |
| EV / FCF | 13.6 x | 3.75 x | 9.45 x | 9.5 x | 7.38 x | 8.31 x |
| FCF Yield | 7.34% | 26.6% | 10.6% | 10.5% | 13.5% | 12% |
| Price to Book | 1.42 x | 1.42 x | 1.2 x | 1.07 x | 1.31 x | 1.49 x |
| Nbr of stocks (in thousands) | 1,080,819 | 1,080,819 | 1,080,819 | 1,046,382 | 1,050,819 | 1,050,819 |
| Reference price 2 | 5.641 | 6.330 | 5.730 | 5.560 | 7.250 | 8.760 |
| Announcement Date | 19-03-27 | 20-04-09 | 21-04-20 | 22-04-20 | 23-04-19 | 24-03-29 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,534 | 6,694 | 5,233 | 9,491 | 9,570 | 9,666 |
| EBITDA 1 | 1,206 | 1,177 | 932.5 | 1,059 | 1,003 | 1,093 |
| EBIT 1 | 967 | 916.8 | 675.6 | 796.8 | 740.4 | 830.7 |
| Operating Margin | 12.84% | 13.69% | 12.91% | 8.4% | 7.74% | 8.59% |
| Earnings before Tax (EBT) 1 | 932.6 | 982.4 | 790.5 | 869.6 | 854.8 | 890.1 |
| Net income 1 | 661.9 | 737 | 601.2 | 666.6 | 657.8 | 685.2 |
| Net margin | 8.79% | 11.01% | 11.49% | 7.02% | 6.87% | 7.09% |
| EPS 2 | 0.6602 | 0.6800 | 0.5563 | 0.6168 | 0.6260 | 0.6500 |
| Free Cash Flow 1 | 293.8 | 1,171 | 381.7 | 303 | 565.6 | 638.3 |
| FCF margin | 3.9% | 17.49% | 7.29% | 3.19% | 5.91% | 6.6% |
| FCF Conversion (EBITDA) | 24.36% | 99.47% | 40.94% | 28.61% | 56.42% | 58.39% |
| FCF Conversion (Net income) | 44.38% | 158.84% | 63.49% | 45.46% | 85.99% | 93.16% |
| Dividend per Share 2 | 0.1931 | 0.2200 | 0.2000 | 0.3000 | 0.3000 | 0.3000 |
| Announcement Date | 19-03-27 | 20-04-09 | 21-04-20 | 22-04-20 | 23-04-19 | 24-03-29 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 2,093 | 2,449 | 2,586 | 2,938 | 3,441 | 3,900 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 294 | 1,171 | 382 | 303 | 566 | 638 |
| ROE (net income / shareholders' equity) | 17.7% | 16.6% | 12.1% | 12.8% | 11.9% | 11.6% |
| ROA (Net income/ Total Assets) | 9.69% | 8.43% | 5.82% | 6.48% | 5.76% | 6.07% |
| Assets 1 | 6,830 | 8,739 | 10,333 | 10,281 | 11,419 | 11,295 |
| Book Value Per Share 2 | 3.970 | 4.460 | 4.790 | 5.200 | 5.530 | 5.880 |
| Cash Flow per Share 2 | 1.170 | 1.460 | 1.790 | 1.530 | 1.630 | 3.210 |
| Capex 1 | 381 | 308 | 221 | 278 | 224 | 226 |
| Capex / Sales | 5.06% | 4.6% | 4.22% | 2.93% | 2.34% | 2.34% |
| Announcement Date | 19-03-27 | 20-04-09 | 21-04-20 | 22-04-20 | 23-04-19 | 24-03-29 |
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. | |
|---|---|---|
| -9.02% | 1.14B | |
| +25.78% | 429M | |
| -11.79% | 326M | |
| -28.81% | 308M | |
| -24.55% | 215M | |
| +3.06% | 93.61M | |
| -1.80% | 73.88M | |
| +0.58% | 56.69M | |
| -1.84% | 56.93M | |
| 0.00% | 50.82M |
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