Financials YONFER Agricultural Technology Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
11.77 ^CNY	+0.68%		-0.76%	+3.34%

04-24	YONFER Agricultural Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-17	YONFER Agricultural Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,530	20,561	22,308	14,442	14,615	15,102	-	-
Enterprise Value (EV) ¹	8,672	18,660	21,040	13,933	14,806	15,293	13,916	12,543
P/E ratio	15.8 x	21.3 x	17.8 x	11.2 x	11.5 x	10.5 x	8.8 x	7.63 x
Yield	2.53%	1.25%	1.18%	1.74%	2.63%	3.02%	3.64%	3.87%
Capitalization / Revenue	1.13 x	2.04 x	1.89 x	0.91 x	0.97 x	0.9 x	0.82 x	0.77 x
EV / Revenue	0.93 x	1.85 x	1.78 x	0.87 x	0.98 x	0.91 x	0.75 x	0.64 x
EV / EBITDA	8.36 x	13.1 x	11.6 x	6.78 x	7.5 x	6.62 x	5.1 x	4.21 x
EV / FCF	-	-	-17,621,978 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	1.58 x	3.02 x	2.8 x	1.77 x	1.5 x	1.39 x	1.23 x	1.09 x
Nbr of stocks (in thousands)	1,332,897	1,285,066	1,320,762	1,254,733	1,283,101	1,283,101	-	-
Reference price ²	7.900	16.00	16.89	11.51	11.39	11.77	11.77	11.77
Announcement Date	30/04/20	06/04/21	11/04/22	17/04/23	17/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,327	10,069	11,802	15,958	15,100	16,804	18,516	19,698
EBITDA ¹	1,037	1,426	1,812	2,054	1,974	2,309	2,726	2,977
EBIT ¹	812.2	1,202	1,518	1,666	1,422	1,715	2,075	2,333
Operating Margin	8.71%	11.94%	12.87%	10.44%	9.42%	10.2%	11.21%	11.84%
Earnings before Tax (EBT) ¹	811.2	1,196	1,518	1,648	1,422	1,704	2,066	2,334
Net income ¹	651.1	954.8	1,210	1,309	1,207	1,417	1,698	1,946
Net margin	6.98%	9.48%	10.25%	8.21%	7.99%	8.43%	9.17%	9.88%
EPS ²	0.5000	0.7500	0.9500	1.030	0.9900	1.124	1.337	1.543
Free Cash Flow	-	-	-1,194	-	-	-	-	-
FCF margin	-	-	-10.12%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2000	0.2000	0.2000	0.2000	0.3000	0.3551	0.4286	0.4554
Announcement Date	30/04/20	06/04/21	11/04/22	17/04/23	17/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	191	191	-	-
Net Cash position ¹	1,858	1,901	1,268	509	-	-	1,186	2,560
Leverage (Debt/EBITDA)	-	-	-	-	0.0969 x	0.0825 x	-	-
Free Cash Flow	-	-	-1,194	-	-	-	-	-
ROE (net income / shareholders' equity)	10.2%	14.2%	16.3%	15.5%	13.3%	13.5%	14.3%	14.3%
ROA (Net income/ Total Assets)	6.96%	9.07%	9.75%	8.71%	-	7.73%	8.33%	8.6%
Assets ¹	9,358	10,524	12,402	15,029	-	18,321	20,400	22,634
Book Value Per Share ²	4.990	5.310	6.030	6.510	7.580	8.490	9.560	10.80
Cash Flow per Share ²	1.150	1.860	0.2600	1.610	1.700	1.460	1.800	2.140
Capex ¹	286	948	1,524	2,308	1,407	728	795	444
Capex / Sales	3.07%	9.42%	12.91%	14.46%	9.31%	4.33%	4.29%	2.26%
Announcement Date	30/04/20	06/04/21	11/04/22	17/04/23	17/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.77 CNY

Average target price

14.94 CNY

Spread / Average Target

+26.98%

	1st Jan change	Capi.
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ACRON	-.--%	7.2B
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