Financials BOMESC Offshore Engineering Company Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
15.4 ^CNY	+4.41%		+15.70%	+22.91%

04-25	BOMESC Offshore Engineering Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on BOMESC Offshore Engineering Company Limited's Equity Buyback Plan announced on January 26, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,419	3,614	5,780	3,229	3,530	4,338	-	-
Enterprise Value (EV) ¹	4,419	3,614	5,780	3,229	3,530	4,338	4,338	4,338
P/E ratio	129 x	27.4 x	30.6 x	49.8 x	-46.4 x	41.3 x	18.8 x	12.9 x
Yield	0.51%	1.57%	1.22%	-	1.2%	0.71%	1.17%	1.69%
Capitalization / Revenue	3.26 x	1.4 x	1.42 x	-	1.96 x	1.66 x	1.12 x	0.85 x
EV / Revenue	3.26 x	1.4 x	1.42 x	-	1.96 x	1.66 x	1.12 x	0.85 x
EV / EBITDA	-	14.9 x	-	-	184 x	14.8 x	7.96 x	5.38 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.95 x	1.52 x	1.73 x	-	1.1 x	1.32 x	1.23 x	1.13 x
Nbr of stocks (in thousands)	227,530	227,579	281,700	281,719	281,719	281,719	-	-
Reference price ²	19.42	15.88	20.52	11.46	12.53	15.40	15.40	15.40
Announcement Date	19/03/20	23/04/21	24/03/22	21/04/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,354	2,579	4,081	-	1,799	2,611	3,869	5,092
EBITDA ¹	-	242.4	-	-	19.19	293.6	545.2	805.8
EBIT ¹	26.67	140.7	164.8	-	-105.8	121.5	269.4	397.4
Operating Margin	1.97%	5.45%	4.04%	-	-5.88%	4.65%	6.96%	7.81%
Earnings before Tax (EBT) ¹	28.39	138.9	162.4	-	-101.9	124.7	272.6	400.7
Net income ¹	34.65	131.6	166.2	64.62	-75.48	104.8	230.2	413.8
Net margin	2.56%	5.1%	4.07%	-	-4.2%	4.01%	5.95%	8.13%
EPS ²	0.1500	0.5800	0.6700	0.2300	-0.2700	0.3733	0.8200	1.197
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	0.2500	0.2500	-	0.1500	0.1100	0.1800	0.2600
Announcement Date	19/03/20	23/04/21	24/03/22	21/04/23	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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	1.46%	5.78%	4.99%	2.02%	-2.31%	3.18%	6.47%	8.62%
ROA (Net income/ Total Assets)	1.17%	3.56%	3.15%	-	-1.52%	1.4%	1.9%	2.5%
Assets ¹	2,975	3,700	5,278	-	4,976	7,487	12,115	16,551
Book Value Per Share ²	9.970	10.40	11.80	-	11.40	11.70	12.50	13.60
Cash Flow per Share ²	-0.1900	1.690	-1.320	-	1.830	-1.650	0.9600	-0.2300
Capex ¹	344	335	188	-	40.9	231	440	633
Capex / Sales	25.42%	13%	4.62%	-	2.27%	8.83%	11.38%	12.43%
Announcement Date	19/03/20	23/04/21	24/03/22	21/04/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.4 CNY

Average target price

18.34 CNY

Spread / Average Target

+19.12%

	1st Jan change	Capi.
BOMESC OFFSHORE ENGINEERING COMPANY LIMITED	+22.91%	599M
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