Financials Shanxi Tond Chemical Co., Ltd.

Equities

002360

CNE100000LY2

Commodity Chemicals

End-of-day quote Shenzhen S.E. 23:00:00 06/05/2024 BST 5-day change 1st Jan Change
6.14 CNY +3.54% Intraday chart for Shanxi Tond Chemical Co., Ltd. +8.10% -15.89%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,138 2,110 3,054 3,551 2,824 2,933
Enterprise Value (EV) 1 1,815 1,676 2,572 3,491 3,285 3,741
P/E ratio 14.8 x 13.1 x 19.5 x 31 x 15.3 x 6.7 x
Yield 1.83% 2.78% 1.28% - - 2.55%
Capitalization / Revenue 2.38 x 2.5 x 3.17 x 4.16 x 2.59 x 3.04 x
EV / Revenue 2.02 x 1.99 x 2.67 x 4.09 x 3.01 x 3.88 x
EV / EBITDA 6.71 x 7.19 x 8.86 x 16.5 x 11.2 x 13.9 x
EV / FCF 35.4 x 239 x 16.3 x -8.76 x -4.88 x -5.39 x
FCF Yield 2.83% 0.42% 6.13% -11.4% -20.5% -18.6%
Price to Book 2.09 x 1.85 x 2.41 x 2.56 x 1.69 x 1.37 x
Nbr of stocks (in thousands) 391,513 391,513 391,513 381,797 401,774 401,774
Reference price 2 5.460 5.390 7.800 9.300 7.030 7.300
Announcement Date 01/04/19 20/04/20 12/04/21 11/04/22 24/04/23 15/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 896.6 842.9 962.5 852.6 1,090 964.1
EBITDA 1 270.4 233.2 290.3 211.2 293.8 268.4
EBIT 1 224.8 187.7 245.5 168.6 251.9 224.4
Operating Margin 25.07% 22.27% 25.51% 19.78% 23.11% 23.28%
Earnings before Tax (EBT) 1 194.2 201.3 214.1 163.9 221.1 562.5
Net income 1 143.7 152.2 153.2 120.1 184 438
Net margin 16.02% 18.06% 15.92% 14.09% 16.88% 45.44%
EPS 2 0.3700 0.4100 0.4000 0.3000 0.4600 1.090
Free Cash Flow 1 51.29 7.01 157.8 -398.4 -673.3 -694.4
FCF margin 5.72% 0.83% 16.39% -46.73% -61.77% -72.03%
FCF Conversion (EBITDA) 18.97% 3.01% 54.34% - - -
FCF Conversion (Net income) 35.69% 4.61% 102.98% - - -
Dividend per Share 2 0.1000 0.1500 0.1000 - - 0.1860
Announcement Date 01/04/19 20/04/20 12/04/21 11/04/22 24/04/23 15/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 460 808
Net Cash position 1 323 434 482 59.7 - -
Leverage (Debt/EBITDA) - - - - 1.566 x 3.012 x
Free Cash Flow 1 51.3 7.01 158 -398 -673 -694
ROE (net income / shareholders' equity) 13.1% 13% 12.3% 8.79% 11.4% 22.3%
ROA (Net income/ Total Assets) 10% 8.35% 9.5% 5.45% 6.14% 4.06%
Assets 1 1,434 1,823 1,613 2,203 2,999 10,780
Book Value Per Share 2 2.620 2.910 3.240 3.630 4.150 5.330
Cash Flow per Share 2 0.7300 1.220 1.550 1.090 0.7900 0.8800
Capex 1 46.5 49.6 35.4 501 906 947
Capex / Sales 5.19% 5.88% 3.68% 58.71% 83.14% 98.19%
Announcement Date 01/04/19 20/04/20 12/04/21 11/04/22 24/04/23 15/04/24
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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