Financials Fujian SBS Zipper Science&Technology Co., Ltd

Equities

002098

CNE000001PX4

Apparel & Accessories

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
5.81 CNY -2.19% Intraday chart for Fujian SBS Zipper Science&Technology Co., Ltd +11.09% -13.02%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,807 2,495 2,033 2,434 2,298 2,391
Enterprise Value (EV) 1 3,434 3,026 2,394 2,693 2,351 2,333
P/E ratio -4.33 x 45.8 x 10.1 x 19.3 x 28.2 x 19.8 x
Yield - - - - - -
Capitalization / Revenue 1.24 x 1.3 x 1.28 x 1.08 x 1.09 x 1.16 x
EV / Revenue 1.51 x 1.58 x 1.51 x 1.19 x 1.11 x 1.14 x
EV / EBITDA 32.6 x 25.2 x 11.9 x 11.1 x 13.9 x 8.82 x
EV / FCF 32.4 x 25.2 x 18.1 x -79.9 x 14.5 x 25.9 x
FCF Yield 3.08% 3.97% 5.52% -1.25% 6.92% 3.86%
Price to Book 5 x 4.04 x 2.49 x 2.58 x 2.24 x 2.09 x
Nbr of stocks (in thousands) 358,000 358,000 358,000 358,000 358,000 358,000
Reference price 2 7.840 6.970 5.680 6.800 6.420 6.680
Announcement Date 29/04/19 29/04/20 29/04/21 27/04/22 26/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,272 1,919 1,590 2,262 2,112 2,054
EBITDA 1 105.3 120.3 201.2 242.1 168.8 264.5
EBIT 1 29.59 66.93 129.2 171.8 93.05 184.2
Operating Margin 1.3% 3.49% 8.13% 7.6% 4.4% 8.97%
Earnings before Tax (EBT) 1 -684.7 24.34 238.8 137.3 56.9 133.8
Net income 1 -649.7 54.5 200.4 126.1 81.6 120.6
Net margin -28.59% 2.84% 12.6% 5.58% 3.86% 5.87%
EPS 2 -1.810 0.1522 0.5597 0.3523 0.2279 0.3370
Free Cash Flow 1 105.9 120.2 132.1 -33.7 162.6 90.14
FCF margin 4.66% 6.26% 8.31% -1.49% 7.7% 4.39%
FCF Conversion (EBITDA) 100.51% 99.9% 65.62% - 96.33% 34.07%
FCF Conversion (Net income) - 220.51% 65.9% - 199.29% 74.72%
Dividend per Share - - - - - -
Announcement Date 29/04/19 29/04/20 29/04/21 27/04/22 26/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 627 530 361 258 52.2 -
Net Cash position 1 - - - - - 58.6
Leverage (Debt/EBITDA) 5.95 x 4.409 x 1.794 x 1.067 x 0.3094 x -
Free Cash Flow 1 106 120 132 -33.7 163 90.1
ROE (net income / shareholders' equity) -65.5% 4.92% 23.1% 12.7% 5.81% 9.93%
ROA (Net income/ Total Assets) 0.7% 2% 3.8% 4.97% 2.94% 6.22%
Assets 1 -93,486 2,727 5,274 2,540 2,777 1,941
Book Value Per Share 2 1.570 1.730 2.280 2.640 2.860 3.200
Cash Flow per Share 2 0.6900 0.9100 1.450 0.8200 0.8500 0.7700
Capex 1 136 72.4 42.2 86.3 76 91.6
Capex / Sales 5.96% 3.77% 2.66% 3.82% 3.6% 4.46%
Announcement Date 29/04/19 29/04/20 29/04/21 27/04/22 26/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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