Financials Anhui Huaheng Biotechnology Co., Ltd.

Equities

688639

CNE1000052M6

Food Processing

End-of-day quote Shanghai S.E. 06:00:00 2024-05-15 pm EDT 5-day change 1st Jan Change
114.1 CNY -1.75% Intraday chart for Anhui Huaheng Biotechnology Co., Ltd. -7.79% -9.38%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 13,959 16,829 19,834 17,917 - -
Enterprise Value (EV) 1 13,959 16,829 20,728 18,581 18,230 17,605
P/E ratio 76 x 52.6 x 44 x 28.4 x 21.4 x 17.3 x
Yield - 0.58% 0.71% 1.09% 1.33% 1.51%
Capitalization / Revenue 14.6 x 11.9 x 10.2 x 5.65 x 4.37 x 3.47 x
EV / Revenue 14.6 x 11.9 x 10.7 x 5.86 x 4.44 x 3.41 x
EV / EBITDA 59.7 x 41.9 x 34 x 20.6 x 15.6 x 12 x
EV / FCF - - -21.6 x -72.6 x 45.2 x 31.5 x
FCF Yield - - -4.64% -1.38% 2.21% 3.17%
Price to Book 11.8 x 11.4 x 10.8 x 7.71 x 5.59 x 4.68 x
Nbr of stocks (in thousands) 156,600 157,180 157,540 157,044 - -
Reference price 2 89.14 107.1 125.9 114.1 114.1 114.1
Announcement Date 2/22/22 2/27/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 954.1 1,419 1,939 3,169 4,104 5,162
EBITDA 1 - 233.8 401.2 609.7 903.6 1,169 1,465
EBIT 1 - 186.3 342 513.3 735.4 963 1,208
Operating Margin - 19.53% 24.11% 26.48% 23.2% 23.47% 23.4%
Earnings before Tax (EBT) 1 - 190.8 343 508.7 735.9 962.7 1,208
Net income 1 121.1 168.2 320 450.7 633.2 838.7 1,037
Net margin - 17.63% 22.56% 23.25% 19.98% 20.44% 20.08%
EPS 2 1.034 1.172 2.034 2.860 4.019 5.322 6.579
Free Cash Flow 1 - - - -961.2 -256 403 558
FCF margin - - - -49.57% -8.08% 9.82% 10.81%
FCF Conversion (EBITDA) - - - - - 34.48% 38.08%
FCF Conversion (Net income) - - - - - 48.05% 53.83%
Dividend per Share 2 - - 0.6207 0.9000 1.240 1.514 1.728
Announcement Date 4/20/21 2/22/22 2/27/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 449.6 514.3 574.6 500.8 815.4 932.7 1,005 - -
EBITDA - - - - - - - - - -
EBIT 1 - 134.7 142.1 144.6 96.23 208.5 238.4 257 - -
Operating Margin - 29.95% 27.63% 25.16% 19.22% 25.57% 25.57% 25.57% - -
Earnings before Tax (EBT) 1 - 129.4 141.5 146.1 96.59 198 227.9 246.5 - -
Net income 1 81.2 110 128.7 130.8 86.57 138.8 164.8 181 - -
Net margin - 24.47% 25.03% 22.76% 17.29% 17.02% 17.67% 18% - -
EPS 2 0.5172 0.7020 0.8100 0.8300 0.5500 0.8809 1.046 1.149 - -
Dividend per Share 2 - - - - - 0.2873 0.2873 0.2873 0.3897 0.3897
Announcement Date 4/25/23 8/28/23 10/25/23 2/23/24 4/21/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 894 664 312 -
Net Cash position 1 - - - - - - 312
Leverage (Debt/EBITDA) - - - 1.466 x 0.7348 x 0.2673 x -
Free Cash Flow 1 - - - -961 -256 403 558
ROE (net income / shareholders' equity) - 18.1% 24.1% 27.2% 28% 27.6% 27.5%
ROA (Net income/ Total Assets) - 14.7% 18.3% - 14% 15% 16.3%
Assets 1 - 1,144 1,751 - 4,539 5,594 6,363
Book Value Per Share 2 - 7.560 9.420 11.60 14.80 20.40 24.40
Cash Flow per Share 2 - 0.6100 2.270 1.910 3.250 6.860 6.310
Capex 1 - 181 456 1,263 453 525 401
Capex / Sales - 18.93% 32.15% 65.12% 14.29% 12.79% 7.76%
Announcement Date 4/20/21 2/22/22 2/27/23 2/23/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
114.1 CNY
Average target price
135.7 CNY
Spread / Average Target
+18.96%
Consensus
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