Financials Baowu Magnesium Technology Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
18.51 ^CNY	-0.91%		+0.93%	-5.85%

04-25	Baowu Magnesium Technology Co., Ltd. Proposes Final Cash Dividend for 2023	CI
04-24	Baowu Magnesium Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,979	8,546	14,829	13,640	13,928	13,113	-	-
Enterprise Value (EV) ¹	5,979	8,546	14,829	13,640	13,928	13,113	13,113	13,113
P/E ratio	6.57 x	35.1 x	29.5 x	22.3 x	42.8 x	26.4 x	11.6 x	9.6 x
Yield	1.62%	0.76%	0.44%	-	0.66%	1.93%	3.04%	1.32%
Capitalization / Revenue	1.07 x	1.44 x	1.82 x	1.5 x	1.82 x	1.42 x	0.86 x	0.82 x
EV / Revenue	1.07 x	1.44 x	1.82 x	1.5 x	1.82 x	1.42 x	0.86 x	0.82 x
EV / EBITDA	-	18.4 x	18.8 x	12.2 x	20.6 x	11.4 x	6.09 x	4.72 x
EV / FCF	-	-	-	-	-9.2 x	-10 x	-20.5 x	-
FCF Yield	-	-	-	-	-10.9%	-9.96%	-4.87%	-
Price to Book	2.24 x	3.03 x	4.59 x	3.47 x	2.64 x	2.3 x	2.03 x	1.69 x
Nbr of stocks (in thousands)	646,423	646,423	646,423	646,423	708,423	708,423	-	-
Reference price ²	9.250	13.22	22.94	21.10	19.66	18.51	18.51	18.51
Announcement Date	26/02/20	14/04/21	13/02/22	07/04/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,572	5,946	8,131	9,105	7,652	9,216	15,191	15,920
EBITDA ¹	-	464	790.1	1,120	676.4	1,148	2,153	2,777
EBIT ¹	1,039	281.2	591.2	785	367.8	635.6	1,601	1,912
Operating Margin	18.65%	4.73%	7.27%	8.62%	4.81%	6.9%	10.54%	12.01%
Earnings before Tax (EBT) ¹	1,037	282.2	589.1	781.8	376.1	634.7	1,601	1,912
Net income ¹	910.4	243.7	503.4	611.3	306.4	473.5	1,117	1,366
Net margin	16.34%	4.1%	6.19%	6.71%	4%	5.14%	7.35%	8.58%
EPS ²	1.408	0.3771	0.7788	0.9457	0.4594	0.7020	1.600	1.928
Free Cash Flow ¹	-	-	-	-	-1,514	-1,306	-639	-
FCF margin	-	-	-	-	-19.78%	-14.17%	-4.21%	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1500	0.1000	0.1000	-	0.1300	0.3567	0.5633	0.2450
Announcement Date	26/02/20	14/04/21	13/02/22	07/04/23	29/03/24	-	-	-

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 ¹	-	-	-	-	-1,514	-1,306	-639	-
ROE (net income / shareholders' equity)	40.7%	8.93%	16.6%	16.7%	6.95%	8.75%	18.4%	18.5%
ROA (Net income/ Total Assets)	18.9%	4.47%	-	6.74%	-	4.15%	7.21%	8.2%
Assets ¹	4,824	5,455	-	9,063	-	11,409	15,487	16,652
Book Value Per Share ²	4.130	4.360	5.000	6.090	7.440	8.040	9.110	10.90
Cash Flow per Share ²	0.4800	0.8200	0.0900	2.080	0.4900	1.470	1.790	2.860
Capex ¹	232	404	834	1,311	1,864	1,358	1,231	862
Capex / Sales	4.16%	6.8%	10.26%	14.4%	24.36%	14.73%	8.1%	5.41%
Announcement Date	26/02/20	14/04/21	13/02/22	07/04/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.51 CNY

Average target price

22.44 CNY

Spread / Average Target

+21.23%

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