Financials Hangzhou Greenda Electronic Materials Co., Ltd.

Equities

603931

CNE1000043S2

Specialty Chemicals

End-of-day quote Shanghai S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
22.44 CNY +3.27% Intraday chart for Hangzhou Greenda Electronic Materials Co., Ltd. +6.00% -12.31%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 4,150 4,704 5,424 5,107
Enterprise Value (EV) 1 3,458 4,004 4,714 4,331
P/E ratio 34.3 x 33.3 x 33.1 x 29.1 x
Yield 0.74% 0.91% 0.92% 1.04%
Capitalization / Revenue 7.11 x 6.03 x 6.4 x 7.34 x
EV / Revenue 5.93 x 5.14 x 5.56 x 6.23 x
EV / EBITDA 26.2 x 24.8 x 24.6 x 21 x
EV / FCF 63.7 x -156 x -470 x 78.4 x
FCF Yield 1.57% -0.64% -0.21% 1.28%
Price to Book 3.76 x 3.86 x 4.05 x 3.47 x
Nbr of stocks (in thousands) 199,558 199,558 199,558 199,558
Reference price 2 20.80 23.57 27.18 25.59
Announcement Date 21/04/21 21/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 512.6 524.5 583.5 779.6 847.6 695.3
EBITDA 1 103.7 128.3 132 161.6 191.3 206.1
EBIT 1 98.6 109.1 107.9 140.4 169.8 176.8
Operating Margin 19.23% 20.8% 18.49% 18% 20.03% 25.43%
Earnings before Tax (EBT) 1 104 118.4 117.6 161.5 185.9 202
Net income 1 89.47 102.5 100.8 140.5 163.4 175.1
Net margin 17.45% 19.54% 17.28% 18.03% 19.28% 25.18%
EPS 2 0.5969 0.6837 0.6071 0.7071 0.8200 0.8800
Free Cash Flow 1 18.69 7.017 54.25 -25.75 -10.03 55.26
FCF margin 3.65% 1.34% 9.3% -3.3% -1.18% 7.95%
FCF Conversion (EBITDA) 18.03% 5.47% 41.09% - - 26.81%
FCF Conversion (Net income) 20.89% 6.85% 53.8% - - 31.56%
Dividend per Share 2 0.1668 0.1668 0.1531 0.2143 0.2500 0.2650
Announcement Date 28/06/19 29/07/20 21/04/21 21/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 85.7 111 692 700 710 776
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 18.7 7.02 54.3 -25.7 -10 55.3
ROE (net income / shareholders' equity) 22.2% 21.3% 12.4% 12.1% 12.8% 12.4%
ROA (Net income/ Total Assets) 10.8% 10.5% 6.98% 6.64% 7.2% 6.84%
Assets 1 830.2 973.1 1,445 2,118 2,270 2,560
Book Value Per Share 2 2.950 3.490 5.540 6.100 6.720 7.370
Cash Flow per Share 2 0.9200 1.090 3.470 2.750 3.560 3.890
Capex 1 48.7 82.3 28.3 75.3 160 94
Capex / Sales 9.5% 15.69% 4.85% 9.66% 18.85% 13.51%
Announcement Date 28/06/19 29/07/20 21/04/21 21/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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