Financials Yunnan Aluminium 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
14.39 ^CNY	+0.14%		+0.56%	+17.76%

04-26	Yunnan Aluminum's Q1 Profit Jumps 32%	MT
04-25	Yunnan Aluminium Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,399	23,555	38,737	38,564	42,378	49,904	-	-
Enterprise Value (EV) ¹	13,399	23,555	38,737	38,564	42,378	49,904	49,904	49,904
P/E ratio	27.1 x	26 x	10.5 x	8.42 x	10.7 x	10.7 x	8.57 x	8.93 x
Yield	-	-	1.01%	1.44%	1.88%	1.74%	2.19%	2.35%
Capitalization / Revenue	0.55 x	0.8 x	0.93 x	0.8 x	0.99 x	1.06 x	0.96 x	0.97 x
EV / Revenue	0.55 x	0.8 x	0.93 x	0.8 x	0.99 x	1.06 x	0.96 x	0.97 x
EV / EBITDA	6.82 x	8.01 x	5.88 x	4.87 x	5.82 x	6.42 x	5.86 x	5.51 x
EV / FCF	-	-81.7 x	6.81 x	6.48 x	7.79 x	7.57 x	5.79 x	6.73 x
FCF Yield	-	-1.22%	14.7%	15.4%	12.8%	13.2%	17.3%	14.9%
Price to Book	1.23 x	2 x	2.13 x	1.73 x	1.65 x	1.68 x	1.43 x	1.3 x
Nbr of stocks (in thousands)	2,606,839	3,128,207	3,467,957	3,467,957	3,467,957	3,467,957	-	-
Reference price ²	5.140	7.530	11.17	11.12	12.22	14.39	14.39	14.39
Announcement Date	23/03/20	22/03/21	21/03/22	21/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	24,284	29,573	41,669	48,463	42,669	47,146	51,764	51,317
EBITDA ¹	1,964	2,941	6,585	7,921	7,279	7,773	8,511	9,064
EBIT ¹	582.7	1,370	4,721	5,905	5,542	6,424	7,884	7,681
Operating Margin	2.4%	4.63%	11.33%	12.18%	12.99%	13.63%	15.23%	14.97%
Earnings before Tax (EBT) ¹	596.5	1,357	4,688	5,907	5,544	6,420	7,884	7,680
Net income ¹	495.2	902.6	3,319	4,569	3,956	4,654	5,817	5,593
Net margin	2.04%	3.05%	7.97%	9.43%	9.27%	9.87%	11.24%	10.9%
EPS ²	0.1900	0.2900	1.060	1.320	1.140	1.341	1.680	1.611
Free Cash Flow ¹	-	-288.2	5,691	5,951	5,440	6,591	8,612	7,411
FCF margin	-	-0.97%	13.66%	12.28%	12.75%	13.98%	16.64%	14.44%
FCF Conversion (EBITDA)	-	-	86.42%	75.13%	74.72%	84.79%	101.19%	81.77%
FCF Conversion (Net income)	-	-	171.46%	130.26%	137.51%	141.63%	148.05%	132.52%
Dividend per Share ²	-	-	0.1130	0.1600	0.2300	0.2500	0.3150	0.3375
Announcement Date	23/03/20	22/03/21	21/03/22	21/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-288	5,691	5,951	5,440	6,591	8,612	7,411
ROE (net income / shareholders' equity)	5.81%	7.94%	22.1%	22.3%	16.5%	15.8%	16.1%	14.6%
ROA (Net income/ Total Assets)	1.29%	2.24%	-	-	-	11.3%	11.4%	10.9%
Assets ¹	38,539	40,293	-	-	-	41,102	51,217	51,521
Book Value Per Share ²	4.190	3.770	5.250	6.450	7.420	8.550	10.10	11.10
Cash Flow per Share ²	1.410	1.590	2.010	1.990	1.690	2.100	2.580	2.590
Capex ¹	3,540	5,269	1,271	964	431	886	1,065	966
Capex / Sales	14.58%	17.82%	3.05%	1.99%	1.01%	1.88%	2.06%	1.88%
Announcement Date	23/03/20	22/03/21	21/03/22	21/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.39 CNY

Average target price

16.36 CNY

Spread / Average Target

+13.69%

	1st Jan change	Capi.
YUNNAN ALUMINIUM CO., LTD.	+17.76%	6.89B
CHINA HONGQIAO GROUP LIMITED	+77.78%	13.21B
PRESS METAL ALUMINIUM HOLDINGS	+11.64%	9.28B
SHANDONG NANSHAN ALUMINIUM CO.,LTD.	+21.77%	5.79B
UNITED COMPANY RUSAL, INTERNATIONAL	-3.70%	5.05B
ALUMINIUM BAHRAIN B.S.C.	+10.04%	4.73B
QATAR ALUMINIUM MANUFACTURING COMPANY Q.P.S.C.	+0.93%	2.17B
CENTURY ALUMINUM COMPANY	+31.88%	1.61B
KAISER ALUMINUM CORPORATION	+29.02%	1.44B
GRÄNGES AB	+12.84%	1.27B