Financials Guizhou Panjiang Refined Coal Co.,Ltd.

Equities

600395

CNE0000017V2

Coal

End-of-day quote Shanghai S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
6.46 CNY +1.10% Intraday chart for Guizhou Panjiang Refined Coal Co.,Ltd. +6.60% +4.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,112 13,025 12,032 14,425 13,245 13,867 - -
Enterprise Value (EV) 1 10,112 13,025 12,032 14,425 13,245 13,867 13,867 13,867
P/E ratio 9.27 x 15.1 x 10.3 x 6.07 x 18.1 x 16.3 x 12.6 x 10.9 x
Yield 6.55% 5.08% 5.5% 6.1% 4.54% 5.19% 5.88% 6.73%
Capitalization / Revenue 1.57 x 2.01 x 1.24 x 1.22 x 1.41 x 1.32 x 1.12 x 1.07 x
EV / Revenue 1.57 x 2.01 x 1.24 x 1.22 x 1.41 x 1.32 x 1.12 x 1.07 x
EV / EBITDA 6.61 x - 6.28 x 5.04 x 8.71 x 7.11 x 5.61 x 4.71 x
EV / FCF - - - - -2.06 x -5.13 x -5.11 x -8.5 x
FCF Yield - - - - -48.6% -19.5% -19.6% -11.8%
Price to Book 1.38 x 1.85 x 1.74 x 1.25 x 1.16 x 1.2 x 1.13 x 1.11 x
Nbr of stocks (in thousands) 1,655,052 1,655,052 1,655,052 2,146,625 2,146,625 2,146,625 - -
Reference price 2 6.110 7.870 7.270 6.720 6.170 6.460 6.460 6.460
Announcement Date 13/04/20 19/04/21 27/04/22 19/04/23 22/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,458 6,481 9,726 11,843 9,403 10,537 12,372 12,996
EBITDA 1 1,531 - 1,915 2,862 1,521 1,950 2,473 2,946
EBIT 1 1,315 1,019 1,543 2,723 923.8 1,072 1,387 1,615
Operating Margin 20.36% 15.72% 15.86% 22.99% 9.82% 10.18% 11.21% 12.42%
Earnings before Tax (EBT) 1 1,304 1,076 1,541 2,699 922.5 1,069 1,402 1,612
Net income 1 1,091 862.2 1,172 2,194 732.5 854.7 1,098 1,272
Net margin 16.89% 13.3% 12.05% 18.53% 7.79% 8.11% 8.88% 9.79%
EPS 2 0.6590 0.5210 0.7080 1.107 0.3410 0.3967 0.5125 0.5933
Free Cash Flow 1 - - - - -6,431 -2,701 -2,715 -1,631
FCF margin - - - - -68.39% -25.63% -21.94% -12.55%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.4000 0.4000 0.4000 0.4100 0.2800 0.3350 0.3800 0.4350
Announcement Date 13/04/20 19/04/21 27/04/22 19/04/23 22/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - -6,431 -2,701 -2,715 -1,631
ROE (net income / shareholders' equity) 15.5% 11% 16.5% 22.2% 6.39% 7.36% 8.86% 10.2%
ROA (Net income/ Total Assets) 7.95% 5.08% 6.08% 7.3% - 2.12% 2.64% 3.36%
Assets 1 13,732 16,966 19,289 30,045 - 40,314 41,689 37,857
Book Value Per Share 2 4.440 4.250 4.180 5.370 5.320 5.380 5.720 5.800
Cash Flow per Share 2 1.050 0.4100 1.010 1.650 0.6700 0.6500 1.050 1.170
Capex 1 714 1,128 1,522 3,911 7,877 3,027 3,720 2,671
Capex / Sales 11.06% 17.41% 15.65% 33.02% 83.76% 28.73% 30.06% 20.56%
Announcement Date 13/04/20 19/04/21 27/04/22 19/04/23 22/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
6.46 CNY
Average target price
7 CNY
Spread / Average Target
+8.36%
Consensus

Annual profits - Rate of surprise

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