Financials Zhejiang Shouxiangu Pharmaceutical Co., Ltd.

Equities

603896

CNE100002XJ4

Pharmaceuticals

End-of-day quote Shanghai S.E. 23:00:00 24/06/2024 BST 5-day change 1st Jan Change
22.8 CNY -3.18% Intraday chart for Zhejiang Shouxiangu Pharmaceutical Co., Ltd. -9.31% -29.28%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,042 8,835 7,821 6,391 4,520 - -
Enterprise Value (EV) 1 5,042 8,835 7,821 6,391 3,085 2,767 2,523
P/E ratio 32.8 x 43.3 x 27.7 x 24.8 x 15.9 x 13 x 12 x
Yield - 0.7% 1.11% 1.21% 1.95% 2.34% 2.57%
Capitalization / Revenue - 11.5 x 9.43 x 8.15 x 5.19 x 4.39 x 4.15 x
EV / Revenue - 11.5 x 9.43 x 8.15 x 3.54 x 2.69 x 2.31 x
EV / EBITDA - - 22 x - 9.29 x 7.52 x 6.28 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - 5.46 x 4.3 x 3.1 x 1.87 x 1.71 x 1.55 x
Nbr of stocks (in thousands) 186,581 198,015 197,198 198,244 198,244 - -
Reference price 2 27.02 44.62 39.66 32.24 22.80 22.80 22.80
Announcement Date 31/03/21 27/01/22 03/03/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 767.1 829.1 784.3 870.5 1,029 1,090
EBITDA 1 - - 354.9 - 332 368 402
EBIT 1 - 207.2 280.9 254.7 277.5 345 365
Operating Margin - 27% 33.88% 32.48% 31.88% 33.53% 33.49%
Earnings before Tax (EBT) 1 - 201.1 278 254.9 289.5 354.7 384.5
Net income 1 151.5 200.8 277.8 254.5 288.7 354.6 383.5
Net margin - 26.18% 33.51% 32.44% 33.16% 34.46% 35.18%
EPS 2 0.8231 1.031 1.430 1.300 1.430 1.760 1.905
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 0.3115 0.4400 0.3900 0.4450 0.5333 0.5850
Announcement Date 31/03/21 27/01/22 03/03/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - - - 1,435 1,753 1,997
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 13.5% 16.1% 12.4% 12.2% 13.7% 13.1%
ROA (Net income/ Total Assets) - - 9.73% - 9.05% 9.7% 10.1%
Assets 1 - - 2,856 - 3,190 3,655 3,797
Book Value Per Share 2 - 8.170 9.210 10.40 12.20 13.30 14.70
Cash Flow per Share 2 - 1.520 1.730 1.560 1.630 1.930 2.160
Capex 1 - 162 182 415 73 87 102
Capex / Sales - 21.06% 22% 52.85% 8.39% 8.45% 9.36%
Announcement Date 31/03/21 27/01/22 03/03/23 25/04/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
22.8 CNY
Average target price
55.6 CNY
Spread / Average Target
+143.86%
Consensus

Annual profits - Rate of surprise

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