Financials Wuxi Honghui New Materials Technology Co., Ltd.

Equities

002802

CNE1000027K2

Specialty Chemicals

End-of-day quote Shenzhen S.E. 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
10.15 CNY -3.15% Intraday chart for Wuxi Honghui New Materials Technology Co., Ltd. -8.81% -20.77%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,260 2,198 2,566 2,611 2,003 2,335
Enterprise Value (EV) 1 1,989 1,965 2,326 2,363 1,631 1,955
P/E ratio 30.8 x 24.7 x 27.8 x 30.4 x 23.7 x 45.8 x
Yield 4.79% 2.46% 3.31% 1.63% 4.15% 1.95%
Capitalization / Revenue 4.36 x 4.09 x 4.71 x 3.48 x 3.88 x 6.26 x
EV / Revenue 3.84 x 3.65 x 4.27 x 3.15 x 3.16 x 5.24 x
EV / EBITDA 21.4 x 16.3 x 18.2 x 19.5 x 14.9 x 29 x
EV / FCF 77.4 x 31.9 x 36.9 x 77.1 x 11.4 x 32.3 x
FCF Yield 1.29% 3.13% 2.71% 1.3% 8.81% 3.1%
Price to Book 3.69 x 3.88 x 4.41 x 4.21 x 2.89 x 3.51 x
Nbr of stocks (in thousands) 183,112 183,106 179,447 179,429 180,092 182,302
Reference price 2 12.34 12.01 14.30 14.55 11.12 12.81
Announcement Date 28/04/19 19/04/20 26/04/21 29/04/22 07/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 518.3 538 544.7 749.3 516.5 372.8
EBITDA 1 92.79 120.9 127.5 121 109.4 67.36
EBIT 1 71.46 95.01 101.1 93.78 84.88 46.18
Operating Margin 13.79% 17.66% 18.57% 12.52% 16.43% 12.39%
Earnings before Tax (EBT) 1 84.22 103.3 107.6 99.03 96.59 60.76
Net income 1 73.4 88.29 91.9 85.93 84.55 50.88
Net margin 14.16% 16.41% 16.87% 11.47% 16.37% 13.65%
EPS 2 0.4008 0.4852 0.5148 0.4793 0.4692 0.2800
Free Cash Flow 1 25.71 61.5 63.12 30.64 143.7 60.51
FCF margin 4.96% 11.43% 11.59% 4.09% 27.81% 16.23%
FCF Conversion (EBITDA) 27.7% 50.89% 49.5% 25.33% 131.27% 89.82%
FCF Conversion (Net income) 35.02% 69.66% 68.68% 35.65% 169.9% 118.92%
Dividend per Share 2 0.5917 0.2959 0.4734 0.2367 0.4615 0.2500
Announcement Date 28/04/19 19/04/20 26/04/21 29/04/22 07/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 271 234 240 247 372 380
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 25.7 61.5 63.1 30.6 144 60.5
ROE (net income / shareholders' equity) 12.1% 15% 16% 14.3% 12.9% 7.51%
ROA (Net income/ Total Assets) 6.71% 9.14% 9.68% 8.17% 7.1% 3.93%
Assets 1 1,095 965.5 949.7 1,051 1,191 1,295
Book Value Per Share 2 3.350 3.090 3.250 3.460 3.850 3.650
Cash Flow per Share 2 0.2000 0.1800 0.2800 0.3800 0.3700 0.3300
Capex 1 26.5 17.8 19.2 4.08 19.7 14.5
Capex / Sales 5.11% 3.31% 3.53% 0.54% 3.81% 3.89%
Announcement Date 28/04/19 19/04/20 26/04/21 29/04/22 07/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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