Financials Anhui Korrun Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 25/04/2024 BST			5-day change	1st Jan Change
19.89 ^CNY	+0.71%		-1.73%	+35.58%

04-01	Tranche Update on Anhui Korrun Co., Ltd.'s Equity Buyback Plan announced on January 31, 2024.	CI
01-31	Anhui Korrun Co., Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	6,785	7,653	6,264	5,482	3,822	4,764	4,764	-
Enterprise Value (EV) ¹	6,785	7,653	6,264	5,482	3,822	4,764	4,764	4,764
P/E ratio	39 x	33.8 x	74.5 x	30.9 x	79.7 x	31.7 x	22.3 x	18.4 x
Yield	0.64%	0.33%	0.4%	0.44%	0.56%	1.11%	1.53%	1.89%
Capitalization / Revenue	3.31 x	2.84 x	3.22 x	2.39 x	1.39 x	1.57 x	1.36 x	1.2 x
EV / Revenue	3.31 x	2.84 x	3.22 x	2.39 x	1.39 x	1.57 x	1.36 x	1.2 x
EV / EBITDA	29.8 x	25.5 x	50.4 x	21.5 x	28.9 x	19.5 x	14.1 x	11.5 x
EV / FCF	-	-	-	-46.6 x	-29.3 x	16.7 x	91.6 x	44.5 x
FCF Yield	-	-	-	-2.14%	-3.41%	5.98%	1.09%	2.25%
Price to Book	10.7 x	9.18 x	4.13 x	3.38 x	2.32 x	2.6 x	2.02 x	1.82 x
Nbr of stocks (in thousands)	217,615	217,415	240,184	239,789	239,790	239,511	239,511	-
Reference price ²	31.18	35.20	26.08	22.86	15.94	19.89	19.89	19.89
Announcement Date	26/02/19	28/02/20	15/03/21	26/04/22	26/04/23	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,048	2,695	1,944	2,289	2,741	3,032	3,492	3,982
EBITDA ¹	227.5	300	124.2	254.6	132.4	243.9	338.4	414
EBIT ¹	215.1	282.1	85.34	194.6	83.17	188.2	273.7	341.4
Operating Margin	10.5%	10.47%	4.39%	8.5%	3.03%	6.21%	7.84%	8.57%
Earnings before Tax (EBT) ¹	218	282.9	83.56	194.6	78.66	186.4	271.9	339.2
Net income ¹	173.7	226	77.95	180.1	46.87	150.4	213.2	259.6
Net margin	8.48%	8.39%	4.01%	7.87%	1.71%	4.96%	6.11%	6.52%
EPS ²	0.8000	1.040	0.3500	0.7400	0.2000	0.6275	0.8900	1.082
Free Cash Flow ¹	-	-	-	-117.5	-130.3	285	52	107
FCF margin	-	-	-	-5.13%	-4.75%	9.4%	1.49%	2.69%
FCF Conversion (EBITDA)	-	-	-	-	-	116.83%	15.37%	25.84%
FCF Conversion (Net income)	-	-	-	-	-	189.45%	24.39%	41.22%
Dividend per Share ²	0.2000	0.1170	0.1050	0.1000	0.0900	0.2200	0.3050	0.3750
Announcement Date	26/02/19	28/02/20	15/03/21	26/04/22	26/04/23	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-118	-130	285	52	107
ROE (net income / shareholders' equity)	30.7%	30.8%	8.04%	11.1%	2.76%	8.44%	13.2%	14.2%
ROA (Net income/ Total Assets)	14.5%	13.4%	3.12%	-	1.33%	4.07%	5.02%	5.77%
Assets ¹	1,200	1,690	2,501	-	3,513	3,701	4,251	4,503
Book Value Per Share ²	2.920	3.840	6.310	6.760	6.870	7.650	9.830	10.90
Cash Flow per Share ²	0.6700	0.6500	0.5600	0.2000	0.4400	3.190	0.9500	3.780
Capex ¹	93.5	66.9	158	165	237	140	140	133
Capex / Sales	4.57%	2.48%	8.15%	7.21%	8.65%	4.62%	4.01%	3.35%
Announcement Date	26/02/19	28/02/20	15/03/21	26/04/22	26/04/23	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.89 CNY

Average target price

19.88 CNY

Spread / Average Target

-0.08%

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