Financials Suzhou Xingye Materials Technology Co.,Ltd.

Equities

603928

CNE100002ZW2

Commodity Chemicals

End-of-day quote Shanghai S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
11.9 CNY -7.25% Intraday chart for Suzhou Xingye Materials Technology Co.,Ltd. -9.09% -10.99%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,893 2,484 2,294 2,488 2,139 2,695
Enterprise Value (EV) 1 2,774 2,309 2,066 2,287 2,106 2,617
P/E ratio 19.9 x 18.7 x 19.3 x 19.3 x 18.3 x 35.2 x
Yield 1.53% 1.62% 1.32% 8.1% - 0.86%
Capitalization / Revenue 1.92 x 1.93 x 1.57 x 1.26 x 1.2 x 1.8 x
EV / Revenue 1.85 x 1.79 x 1.41 x 1.16 x 1.18 x 1.74 x
EV / EBITDA 14.7 x 13 x 12 x 12.6 x 11.7 x 17.6 x
EV / FCF -27.2 x 21.7 x 42.3 x -50 x 16,950 x 104 x
FCF Yield -3.68% 4.62% 2.36% -2% 0.01% 0.96%
Price to Book 2.33 x 1.88 x 1.64 x 1.63 x 1.44 x 1.76 x
Nbr of stocks (in thousands) 201,600 201,600 201,600 201,600 201,600 201,600
Reference price 2 14.35 12.32 11.38 12.34 10.61 13.37
Announcement Date 19/04/19 24/04/20 26/04/21 27/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,503 1,290 1,461 1,972 1,787 1,500
EBITDA 1 188.2 177.2 172.6 182.1 179.6 148.5
EBIT 1 166 149 132.2 139.1 135.1 100.8
Operating Margin 11.05% 11.55% 9.05% 7.05% 7.56% 6.72%
Earnings before Tax (EBT) 1 170.1 156.4 140.9 147.2 132.1 89.36
Net income 1 146.2 132.6 119.8 129.7 116.2 75.94
Net margin 9.72% 10.28% 8.2% 6.57% 6.5% 5.06%
EPS 2 0.7200 0.6600 0.5900 0.6400 0.5800 0.3800
Free Cash Flow 1 -102 106.6 48.78 -45.7 0.1243 25.17
FCF margin -6.79% 8.26% 3.34% -2.32% 0.01% 1.68%
FCF Conversion (EBITDA) - 60.14% 28.26% - 0.07% 16.94%
FCF Conversion (Net income) - 80.36% 40.72% - 0.11% 33.14%
Dividend per Share 2 0.2200 0.2000 0.1500 1.000 - 0.1150
Announcement Date 19/04/19 24/04/20 26/04/21 27/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 119 175 229 201 32.9 78.3
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -102 107 48.8 -45.7 0.12 25.2
ROE (net income / shareholders' equity) 12.3% 10.4% 8.8% 8.87% 7.72% 5.03%
ROA (Net income/ Total Assets) 6.85% 5.92% 5.2% 4.93% 4.33% 3.27%
Assets 1 2,133 2,241 2,304 2,632 2,687 2,323
Book Value Per Share 2 6.150 6.550 6.950 7.550 7.390 7.580
Cash Flow per Share 2 0.3500 0.0600 0.0400 0.1200 0.2500 0.5200
Capex 1 187 82.9 45.3 35 49 194
Capex / Sales 12.45% 6.43% 3.1% 1.77% 2.74% 12.94%
Announcement Date 19/04/19 24/04/20 26/04/21 27/04/22 25/04/23 25/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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