Financials Sunstone Development Co., Ltd.

Equities

603612

CNE100002R73

Commodity Chemicals

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
14.02 CNY +2.04% Intraday chart for Sunstone Development Co., Ltd. +6.94% -8.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,175 5,927 9,438 11,985 8,324 7,583 -
Enterprise Value (EV) 1 4,175 5,927 9,438 11,985 8,324 7,583 7,583
P/E ratio 47.7 x 23.2 x 14.8 x 13.3 x -11 x 7.86 x 6.01 x
Yield 0.51% - 2.29% 1.58% - 3.57% 4.92%
Capitalization / Revenue 0.96 x 1.01 x 1 x 0.62 x 0.54 x 0.38 x 0.3 x
EV / Revenue 0.96 x 1.01 x 1 x 0.62 x 0.54 x 0.38 x 0.3 x
EV / EBITDA - - - - -23.1 x 3.89 x 3.15 x
EV / FCF - - -5.02 x -9.27 x 23.6 x -11.4 x -5.25 x
FCF Yield - - -19.9% -10.8% 4.24% -8.8% -19%
Price to Book 1.61 x 1.62 x 2.09 x 2.2 x 1.48 x 1.09 x 0.96 x
Nbr of stocks (in thousands) 336,987 433,580 459,936 460,618 540,846 540,846 -
Reference price 2 12.39 13.67 20.52 26.02 15.39 14.02 14.02
Announcement Date 28/04/20 28/04/21 14/04/22 27/04/23 30/04/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 4,372 5,851 9,458 19,401 15,311 19,848 25,473
EBITDA 1 - - - - -361 1,949 2,408
EBIT 1 150.6 382.4 972.1 1,473 -890.9 1,618 2,172
Operating Margin 3.44% 6.54% 10.28% 7.59% -5.82% 8.15% 8.53%
Earnings before Tax (EBT) 1 103.8 368.4 962.8 1,459 -907.3 1,615 2,168
Net income 1 86.45 214.1 620 905.2 -722.7 965.5 1,261
Net margin 1.98% 3.66% 6.56% 4.67% -4.72% 4.86% 4.95%
EPS 2 0.2600 0.5900 1.390 1.960 -1.400 1.783 2.333
Free Cash Flow 1 - - -1,879 -1,292 352.5 -667 -1,444
FCF margin - - -19.87% -6.66% 2.3% -3.36% -5.67%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.0630 - 0.4700 0.4100 - 0.5000 0.6900
Announcement Date 28/04/20 28/04/21 14/04/22 27/04/23 30/04/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - -1,879 -1,292 353 -667 -1,444
ROE (net income / shareholders' equity) 3.48% 7.22% 15.3% 18.6% -12% 14.1% 16.1%
ROA (Net income/ Total Assets) 1.27% 2.64% - - - 4.7% 5.4%
Assets 1 6,834 8,121 - - - 20,543 23,358
Book Value Per Share 2 7.700 8.450 9.810 11.80 10.40 12.80 14.60
Cash Flow per Share 2 -0.6400 0.7900 -2.590 -0.7400 3.050 1.250 0.8400
Capex 1 567 669 686 950 1,298 1,867 1,867
Capex / Sales 12.98% 11.43% 7.25% 4.9% 8.48% 9.4% 7.33%
Announcement Date 28/04/20 28/04/21 14/04/22 27/04/23 30/04/24 - -
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
3
Last Close Price
14.02 CNY
Average target price
22 CNY
Spread / Average Target
+56.92%
Consensus

Annual profits - Rate of surprise

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