Financials Zhejiang XinNong Chemical Co.,Ltd.

Equities

002942

CNE100003FN1

Agricultural Chemicals

End-of-day quote Shenzhen S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
14.21 CNY -1.39% Intraday chart for Zhejiang XinNong Chemical Co.,Ltd. +2.23% -27.68%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 2,756 3,380 3,395 2,811 2,482
Enterprise Value (EV) 1 2,369 2,888 2,879 2,271 1,967
P/E ratio 22.2 x 21.8 x 19.4 x 20.5 x 24.9 x
Yield 1.27% 1.62% 1.38% 2.77% 1.54%
Capitalization / Revenue 2.85 x 3.11 x 2.84 x 2.42 x 1.99 x
EV / Revenue 2.45 x 2.66 x 2.41 x 1.95 x 1.58 x
EV / EBITDA 13.8 x 15.5 x 13.2 x 13 x 14.9 x
EV / FCF -134 x 19.3 x 296 x 44.9 x 260 x
FCF Yield -0.74% 5.18% 0.34% 2.23% 0.38%
Price to Book 4.91 x 3.65 x 3.18 x 2.43 x 2.12 x
Nbr of stocks (in thousands) 117,000 156,000 156,000 156,000 153,210
Reference price 2 23.55 21.67 21.76 18.02 16.20
Announcement Date 28/03/19 22/04/20 26/04/21 26/04/22 27/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 808.3 967 1,086 1,194 1,163 1,248
EBITDA 1 125 171.3 186.2 217.9 174.2 132.3
EBIT 1 103.5 149.5 161.2 185.5 133.5 87.45
Operating Margin 12.81% 15.46% 14.84% 15.54% 11.48% 7.01%
Earnings before Tax (EBT) 1 92.83 152.8 178.9 198.4 153.2 110
Net income 1 76.02 128.1 154.5 175.2 137.9 101.4
Net margin 9.4% 13.25% 14.23% 14.68% 11.86% 8.12%
EPS 2 0.6462 1.062 0.9923 1.123 0.8800 0.6500
Free Cash Flow 1 27.05 -17.63 149.7 9.734 50.58 7.572
FCF margin 3.35% -1.82% 13.78% 0.82% 4.35% 0.61%
FCF Conversion (EBITDA) 21.64% - 80.39% 4.47% 29.03% 5.72%
FCF Conversion (Net income) 35.58% - 96.89% 5.55% 36.68% 7.47%
Dividend per Share 2 0.6700 0.3000 0.3500 0.3000 0.5000 0.2500
Announcement Date 05/03/18 28/03/19 22/04/20 26/04/21 26/04/22 27/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 45.4 387 492 516 540 515
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 27 -17.6 150 9.73 50.6 7.57
ROE (net income / shareholders' equity) 27.1% 24.5% 18.5% 17.6% 12.5% 8.78%
ROA (Net income/ Total Assets) 12.3% 11% 8.32% 8.72% 5.75% 3.42%
Assets 1 620.5 1,160 1,857 2,009 2,398 2,963
Book Value Per Share 2 2.550 4.800 5.930 6.830 7.420 7.640
Cash Flow per Share 2 0.7500 2.470 1.230 1.370 1.050 1.000
Capex 1 39.4 146 91.4 87.3 127 95.4
Capex / Sales 4.87% 15.08% 8.41% 7.31% 10.93% 7.64%
Announcement Date 05/03/18 28/03/19 22/04/20 26/04/21 26/04/22 27/04/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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