Financials Sinosteel Engineering & Technology Co., Ltd.

Equities

000928

CNE0000007W1

Construction & Engineering

End-of-day quote Shenzhen S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
6.87 CNY -1.01% Intraday chart for Sinosteel Engineering & Technology Co., Ltd. 0.00% +17.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,095 5,592 11,905 7,533 8,364 9,856 - -
Enterprise Value (EV) 1 6,095 5,592 11,905 7,533 8,364 9,856 9,856 9,856
P/E ratio 11.5 x 9.29 x 19 x 12.6 x 10.1 x 10.9 x 8.84 x 8.7 x
Yield - - - 4.2% 4.56% 4.95% 5.68% 6.55%
Capitalization / Revenue - 0.38 x 0.75 x 0.4 x 0.32 x 0.33 x 0.31 x 0.26 x
EV / Revenue - 0.38 x 0.75 x 0.4 x 0.32 x 0.33 x 0.31 x 0.26 x
EV / EBITDA - 7.33 x 13.4 x 8.71 x 7.97 x 7.44 x 6.69 x 5.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - 0.99 x 1.93 x 1.16 x 1.06 x 1.16 x 1.08 x 1.01 x
Nbr of stocks (in thousands) 1,256,663 1,256,663 1,280,081 1,281,044 1,434,645 1,434,645 - -
Reference price 2 4.850 4.450 9.300 5.880 5.830 6.870 6.870 6.870
Announcement Date 14/04/20 10/01/21 11/01/22 28/04/23 17/01/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 14,847 15,862 18,718 26,377 29,970 32,270 38,448
EBITDA 1 - 762.8 886.9 864.9 1,049 1,326 1,474 1,671
EBIT 1 - 727.8 835.8 826.6 1,023 1,179 1,349 1,521
Operating Margin - 4.9% 5.27% 4.42% 3.88% 3.93% 4.18% 3.96%
Earnings before Tax (EBT) 1 - 765.1 835.6 827.7 1,024 1,177 1,352 1,522
Net income 1 531.4 594.1 648.9 631.1 761.5 881.8 973.6 1,135
Net margin - 4% 4.09% 3.37% 2.89% 2.94% 3.02% 2.95%
EPS 2 0.4228 0.4790 0.4887 0.4663 0.5775 0.6300 0.7775 0.7900
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 0.2470 0.2660 0.3400 0.3900 0.4500
Announcement Date 14/04/20 10/01/21 11/01/22 28/04/23 17/01/24 - - -
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 - - - - - - - -
ROE (net income / shareholders' equity) - 11% 11.1% 9.92% 11.1% 10.5% 11.5% 11.7%
ROA (Net income/ Total Assets) - - - 2.48% - 2.8% 2.78% 3.1%
Assets 1 - - - 25,481 - 31,491 35,083 36,599
Book Value Per Share 2 - 4.480 4.820 5.050 5.500 5.900 6.340 6.800
Cash Flow per Share 2 - 1.220 0.4500 0.9100 0.9500 1.010 1.330 1.270
Capex 1 - - - 14.1 - 67.5 59.2 74.8
Capex / Sales - - - 0.08% - 0.23% 0.18% 0.19%
Announcement Date 14/04/20 10/01/21 11/01/22 28/04/23 17/01/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
6.87 CNY
Average target price
8.845 CNY
Spread / Average Target
+28.75%
Consensus

Annual profits - Rate of surprise

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