Financials Sobute New Materials Co., Ltd

Equities

603916

CNE100002TT1

Specialty Chemicals

End-of-day quote Shanghai S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
8.24 CNY -2.83% Intraday chart for Sobute New Materials Co., Ltd -1.08% -19.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,242 8,045 10,827 6,759 4,283 3,567 - -
Enterprise Value (EV) 1 5,242 8,045 10,827 6,759 4,283 3,567 3,567 3,567
P/E ratio 14.8 x 16.5 x 20.3 x 24.7 x 26.1 x 18.3 x 14.1 x 12.8 x
Yield 1.78% 1.57% 1.4% 1.87% 1.47% 1.94% 2.67% 2.79%
Capitalization / Revenue 1.59 x 2.2 x 2.39 x 1.82 x 1.2 x 0.94 x 0.86 x 0.73 x
EV / Revenue 1.59 x 2.2 x 2.39 x 1.82 x 1.2 x 0.94 x 0.86 x 0.73 x
EV / EBITDA 9.34 x 11.3 x 11.8 x 11.6 x 8.69 x 6.18 x 5.23 x 4.88 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.19 x 2.32 x 2.75 x 1.65 x 1.04 x 0.82 x 0.78 x 0.75 x
Nbr of stocks (in thousands) 372,661 420,310 420,309 420,309 420,311 432,891 - -
Reference price 2 14.07 19.14 25.76 16.08 10.19 8.240 8.240 8.240
Announcement Date 15/04/20 25/03/21 15/04/22 19/04/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,307 3,652 4,522 3,715 3,582 3,798 4,164 4,864
EBITDA 1 561.2 709 921 583.7 492.7 577.2 682.1 730.8
EBIT 1 463.5 592.5 686.2 398.7 258.4 309.1 392.1 407.7
Operating Margin 14.02% 16.22% 15.18% 10.73% 7.21% 8.14% 9.42% 8.38%
Earnings before Tax (EBT) 1 460 588.5 685.2 395.4 254.2 288.1 364.4 403.8
Net income 1 354.3 440.8 532.8 287.9 160.4 194.9 252 279.4
Net margin 10.72% 12.07% 11.78% 7.75% 4.48% 5.13% 6.05% 5.74%
EPS 2 0.9500 1.158 1.270 0.6500 0.3900 0.4500 0.5860 0.6433
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2500 0.3000 0.3600 0.3000 0.1500 0.1600 0.2200 0.2300
Announcement Date 15/04/20 25/03/21 15/04/22 19/04/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2023 Q1 2023 Q2 2023 S1 2024 Q1
Net sales 1 - - 994.9 1,660 578.6
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 83.87 40.42 56.57 96.99 21.09
Net margin - - 5.69% 5.84% 3.64%
EPS - 0.1000 0.1300 0.2300 -
Dividend per Share - - - - -
Announcement Date 27/08/22 27/04/23 25/08/23 25/08/23 25/04/24
1CNY in Million
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) 15.9% 16.2% 14.5% 7.14% 3.82% 4.56% 5.61% 6%
ROA (Net income/ Total Assets) 8.3% 7.72% 7.62% 3.76% - 2.08% 3% 2.85%
Assets 1 4,271 5,710 6,991 7,658 - 9,372 8,399 9,802
Book Value Per Share 2 6.420 8.240 9.350 9.720 9.810 10.10 10.60 11.00
Cash Flow per Share 2 1.120 0.7900 0.8000 0.5200 0.8800 1.010 1.720 2.870
Capex 1 222 345 286 293 333 296 353 359
Capex / Sales 6.71% 9.45% 6.31% 7.89% 9.31% 7.78% 8.47% 7.38%
Announcement Date 15/04/20 25/03/21 15/04/22 19/04/23 25/04/24 - - -
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
5
Last Close Price
8.24 CNY
Average target price
9.81 CNY
Spread / Average Target
+19.05%
Consensus
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