Financials Beijing New Building Materials Public Limited Company

Equities

000786

CNE000000QS4

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
33.78 CNY +1.47% Intraday chart for Beijing New Building Materials Public Limited Company +3.15% +44.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 42,998 67,665 60,535 43,724 39,467 57,072 - -
Enterprise Value (EV) 1 44,490 68,703 63,316 44,943 41,702 53,555 52,637 47,945
P/E ratio 97.5 x 23.7 x 17.2 x 13.9 x 11.2 x 13.1 x 11.3 x 10.2 x
Yield 0.32% 1.37% 1.83% 2.53% 3.57% 3.07% 3.32% 3.68%
Capitalization / Revenue 3.23 x 4.03 x 2.87 x 2.19 x 1.76 x 2.12 x 1.84 x 1.65 x
EV / Revenue 3.34 x 4.09 x 3 x 2.25 x 1.86 x 1.99 x 1.7 x 1.38 x
EV / EBITDA 13.8 x 17.6 x 14.1 x 10.9 x 8.81 x 9.63 x 8.41 x 6.87 x
EV / FCF - - 28.7 x 16.3 x 11.2 x 11.6 x 14.1 x 9.79 x
FCF Yield - - 3.49% 6.12% 8.92% 8.61% 7.11% 10.2%
Price to Book 3.08 x 4.06 x 3.2 x 2.09 x 1.69 x 2.17 x 1.9 x 1.7 x
Nbr of stocks (in thousands) 1,689,508 1,689,508 1,689,508 1,689,508 1,689,508 1,689,508 - -
Reference price 2 25.45 40.05 35.83 25.88 23.36 33.78 33.78 33.78
Announcement Date 3/20/20 3/19/21 3/22/22 3/21/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,323 16,803 21,086 19,934 22,426 26,963 31,007 34,661
EBITDA 1 3,222 3,897 4,484 4,107 4,735 5,563 6,261 6,974
EBIT 1 2,698 3,303 3,769 3,311 3,880 4,679 5,453 6,047
Operating Margin 20.25% 19.66% 17.87% 16.61% 17.3% 17.35% 17.59% 17.45%
Earnings before Tax (EBT) 1 656.6 3,341 3,794 3,283 3,768 4,640 5,416 6,014
Net income 1 441.1 2,860 3,510 3,136 3,524 4,354 5,064 5,601
Net margin 3.31% 17.02% 16.65% 15.73% 15.71% 16.15% 16.33% 16.16%
EPS 2 0.2610 1.693 2.078 1.856 2.086 2.577 2.998 3.316
Free Cash Flow 1 - - 2,207 2,750 3,718 4,613 3,741 4,897
FCF margin - - 10.47% 13.8% 16.58% 17.11% 12.06% 14.13%
FCF Conversion (EBITDA) - - 49.22% 66.97% 78.53% 82.92% 59.75% 70.22%
FCF Conversion (Net income) - - 62.88% 87.69% 105.52% 105.94% 73.88% 87.43%
Dividend per Share 2 0.0820 0.5500 0.6550 0.6550 0.8350 1.038 1.120 1.244
Announcement Date 3/20/20 3/19/21 3/22/22 3/21/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 5,163 4,610 5,763 - 4,937 4,624 4,724 6,677 11,402 5,648 5,377 5,944 7,066 6,939 6,618 6,504 11,202
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 820.5 583.9 1,110 - 786.5 830.5 633.4 1,372 - 974.7 899.8 914.5 1,975 876.7 938.9 - -
Operating Margin 15.89% 12.67% 19.27% - 15.93% 17.96% 13.41% 20.55% - 17.26% 16.74% 15.39% 27.95% 12.63% 14.19% - -
Earnings before Tax (EBT) 1 826.7 - - - - 839.1 - - - 925.1 842.4 906 1,734 65.83 1,880 - -
Net income 1 786.9 - 1,077 1,637 - 791.9 - 1,304 1,896 860.4 768 822 1,549 59.13 1,858 - -
Net margin 15.24% - 18.69% - - 17.13% - 19.54% 16.63% 15.23% 14.28% 13.83% 21.93% 0.85% 28.08% - -
EPS 2 0.4700 0.3310 0.6400 - 0.4200 0.4700 0.3500 0.7700 - 0.5100 0.4600 0.4870 0.8885 0.3425 0.8149 - -
Dividend per Share 2 0.6550 - - - - - - - - - - - - - 1.015 - -
Announcement Date 3/22/22 4/29/22 8/19/22 8/19/22 10/26/22 3/21/23 4/28/23 8/18/23 8/18/23 10/26/23 3/19/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,492 1,039 2,780 1,218 2,235 - - -
Net Cash position 1 - - - - - 3,517 4,435 9,127
Leverage (Debt/EBITDA) 0.463 x 0.2665 x 0.6201 x 0.2966 x 0.472 x - - -
Free Cash Flow 1 - - 2,207 2,750 3,718 4,613 3,741 4,897
ROE (net income / shareholders' equity) 3.15% 18.7% 19.2% 15.9% 16% 16.7% 17.4% 17.2%
ROA (Net income/ Total Assets) 2.24% 12.9% 13.8% 9.48% - 13% 14% 13.5%
Assets 1 19,685 22,190 25,471 33,086 - 33,598 36,153 41,437
Book Value Per Share 2 8.260 9.870 11.20 12.40 13.80 15.60 17.80 19.80
Cash Flow per Share 2 1.170 1.090 2.270 2.170 2.800 2.960 3.570 3.750
Capex 1 2,109 1,354 1,624 914 1,016 1,726 1,459 1,482
Capex / Sales 15.83% 8.06% 7.7% 4.58% 4.53% 6.4% 4.71% 4.28%
Announcement Date 3/20/20 3/19/21 3/22/22 3/21/23 3/19/24 - - -
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
BUY
Number of Analysts
17
Last Close Price
33.78 CNY
Average target price
37.32 CNY
Spread / Average Target
+10.49%
Consensus
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