Financials Henan Jindan Lactic Acid Technology Co.,Ltd.

Equities

300829

CNE100003T05

Specialty Chemicals

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
17.2 CNY +4.81% Intraday chart for Henan Jindan Lactic Acid Technology Co.,Ltd. +16.29% -17.62%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 10,452 8,256 3,940 3,772
Enterprise Value (EV) 1 10,197 8,371 4,266 4,476
P/E ratio 79.8 x 62.6 x 29.9 x 44.4 x
Yield 0.22% 0.16% 0.5% 0.48%
Capitalization / Revenue 10.2 x 5.74 x 2.57 x 2.66 x
EV / Revenue 9.93 x 5.82 x 2.78 x 3.16 x
EV / EBITDA 51.2 x 39.6 x 17.4 x 19.3 x
EV / FCF 120 x -29.6 x -22.7 x -12.3 x
FCF Yield 0.83% -3.38% -4.41% -8.13%
Price to Book 8.03 x 5.85 x 2.58 x 2.21 x
Nbr of stocks (in thousands) 180,655 180,655 180,655 180,655
Reference price 2 57.86 45.70 21.81 20.88
Announcement Date 19/04/21 30/03/22 20/04/23 21/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 802 878.1 1,027 1,438 1,535 1,418
EBITDA 1 154.1 196.8 199.2 211.5 245.3 231.7
EBIT 1 97.25 131.1 128 122.6 131.1 105.3
Operating Margin 12.13% 14.93% 12.46% 8.52% 8.54% 7.42%
Earnings before Tax (EBT) 1 88.7 121 129.1 139.8 127.9 76.74
Net income 1 83.5 115.2 119.6 132.7 132.2 85.23
Net margin 10.41% 13.12% 11.65% 9.23% 8.62% 6.01%
EPS 2 0.6188 0.8500 0.7250 0.7300 0.7300 0.4700
Free Cash Flow 1 -55.83 -17.9 85.09 -283 -188.2 -364
FCF margin -6.96% -2.04% 8.28% -19.67% -12.26% -25.67%
FCF Conversion (EBITDA) - - 42.72% - - -
FCF Conversion (Net income) - - 71.13% - - -
Dividend per Share 2 0.0938 - 0.1250 0.0750 0.1100 0.1000
Announcement Date 07/04/19 31/03/20 19/04/21 30/03/22 20/04/23 21/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 258 295 - 115 326 704
Net Cash position 1 - - 255 - - -
Leverage (Debt/EBITDA) 1.672 x 1.497 x - 0.5434 x 1.329 x 3.039 x
Free Cash Flow 1 -55.8 -17.9 85.1 -283 -188 -364
ROE (net income / shareholders' equity) 16.7% 18.6% 11.7% 9.4% 8.34% 4.08%
ROA (Net income/ Total Assets) 6.7% 7.37% 5.4% 3.89% 3.5% 2.23%
Assets 1 1,246 1,562 2,217 3,409 3,782 3,827
Book Value Per Share 2 3.880 4.730 7.200 7.810 8.450 9.430
Cash Flow per Share 2 0.2300 0.2200 0.7700 1.190 1.450 1.140
Capex 1 133 179 134 348 347 424
Capex / Sales 16.6% 20.37% 13.09% 24.17% 22.6% 29.88%
Announcement Date 07/04/19 31/03/20 19/04/21 30/03/22 20/04/23 21/04/24
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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