Financials China Tungsten And Hightech Materials Co.,Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 23/06/2024 BST			5-day change	1st Jan Change
9.47 ^CNY	-5.21%		-8.06%	+11.67%

06-17	China Tungsten And Hightech Materials Co.,Ltd to Buy Nonferrous Metals Firm Via Share Issue, Cash	CI
06-17	China Tungsten And Hightech Materials Co.,Ltd agreed to acquire HUNAN SHIZHUYUAN NONFERROUS METALS CO,.LTD from Hunan Woxi Mining Industry Investment Co., Ltd. and China Minmetals Tungsten Group Co., Ltd for CNY 7.53 billion.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,644	17,268	17,036	11,850	13,121	-	-
Enterprise Value (EV) ¹	7,644	17,268	17,036	11,850	13,121	13,121	13,121
P/E ratio	31.5 x	33.5 x	31.7 x	24.2 x	24.6 x	18.6 x	17.1 x
Yield	-	-	-	1.53%	0.96%	1.28%	-
Capitalization / Revenue	-	1.43 x	1.3 x	0.93 x	0.95 x	0.83 x	0.81 x
EV / Revenue	-	1.43 x	1.3 x	0.93 x	0.95 x	0.83 x	0.81 x
EV / EBITDA	-	-	14.6 x	10.5 x	10.1 x	8.1 x	7.67 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	3.52 x	3.16 x	2.05 x	2.18 x	1.93 x	1.89 x
Nbr of stocks (in thousands)	1,370,579	1,396,024	1,398,186	1,397,378	1,397,378	-	-
Reference price ²	5.577	12.37	12.18	8.480	9.390	9.390	9.390
Announcement Date	14/04/21	21/03/22	27/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	12,094	13,080	12,736	13,789	15,745	16,121
EBITDA ¹	-	-	1,164	1,128	1,298	1,620	1,711
EBIT ¹	-	732	708.5	637.4	698.1	990.2	1,026
Operating Margin	-	6.05%	5.42%	5%	5.06%	6.29%	6.37%
Earnings before Tax (EBT) ¹	-	725	733.1	657.3	711.4	1,003	1,039
Net income ¹	221.1	528	534.6	484.6	522.6	709	765
Net margin	-	4.37%	4.09%	3.8%	3.79%	4.5%	4.75%
EPS ²	0.1769	0.3692	0.3846	0.3500	0.3820	0.5057	0.5500
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.1300	0.0900	0.1200	-
Announcement Date	14/04/21	21/03/22	27/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	11.5%	10.4%	8.54%	8.84%	10.4%	11.2%
ROA (Net income/ Total Assets)	-	-	-	3.93%	3.88%	4.84%	5.36%
Assets ¹	-	-	-	12,336	13,485	14,638	14,272
Book Value Per Share ²	-	3.520	3.850	4.130	4.310	4.870	4.960
Cash Flow per Share ²	-	0.6400	0.5500	0.1100	0.9800	0.8500	1.300
Capex ¹	-	506	578	303	978	897	829
Capex / Sales	-	4.19%	4.42%	2.38%	7.09%	5.7%	5.14%
Announcement Date	14/04/21	21/03/22	27/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.39 CNY

Average target price

12.07 CNY

Spread / Average Target

+28.51%

	1st Jan change	Capi.
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD	+11.67%	1.81B
SOUTHERN COPPER CORPORATION	+27.25%	85.3B
FREEPORT-MCMORAN INC.	+16.14%	71.65B
MINING AND METALLURGICAL COMPANY NORILSK NICKEL	-.--%	29.22B
JIANGXI COPPER COMPANY LIMITED	+41.12%	9.69B
BOLIDEN	+8.04%	8.98B
SUMITOMO METAL MINING CO., LTD.	+17.00%	8.51B
KOREA ZINC INC.	-1.20%	7.59B
WESTERN MINING CO.,LTD.	+24.39%	5.82B
PT PETRINDO JAYA KREASI TBK	-38.92%	5.6B