CHANGZHOU NRB CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.69 CNY | -4.82% |
|
-10.41% | +4.95% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,573 | 3,802 | 2,855 | 3,434 | 2,741 | 4,654 |
| Enterprise Value (EV) 1 | 3,687 | 3,890 | 2,910 | 3,638 | 3,129 | 4,690 |
| P/E ratio | -39.6 x | 330 x | 56.7 x | -41.6 x | -11.7 x | -35.7 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.64 x | 2.9 x | 1.99 x | 2.12 x | 1.84 x | 2.55 x |
| EV / Revenue | 2.72 x | 2.97 x | 2.03 x | 2.24 x | 2.1 x | 2.57 x |
| EV / EBITDA | 26.8 x | 26.5 x | 18.1 x | 65.5 x | -32.7 x | 57.4 x |
| EV / FCF | 20.4 x | 74.5 x | 9.29 x | -32.8 x | -873 x | -86 x |
| FCF Yield | 4.9% | 1.34% | 10.8% | -3.05% | -0.11% | -1.16% |
| Price to Book | 2.53 x | 2.67 x | 1.94 x | 2.4 x | 2.2 x | 2.67 x |
| Nbr of stocks (in thousands) | 468,861 | 468,861 | 468,861 | 492,011 | 492,011 | 562,098 |
| Reference price 2 | 7.620 | 8.110 | 6.090 | 6.980 | 5.570 | 8.280 |
| Announcement Date | 4/24/19 | 4/27/20 | 4/9/21 | 4/29/22 | 3/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,355 | 1,309 | 1,434 | 1,622 | 1,488 | 1,823 |
| EBITDA 1 | 137.4 | 147 | 160.7 | 55.56 | -95.54 | 81.65 |
| EBIT 1 | 0.5253 | 10.21 | 31.24 | -110.6 | -262.8 | -102.9 |
| Operating Margin | 0.04% | 0.78% | 2.18% | -6.82% | -17.66% | -5.64% |
| Earnings before Tax (EBT) 1 | -90.5 | 12.11 | 65.82 | -80.93 | -267 | -140.2 |
| Net income 1 | -90.4 | 11.53 | 50.36 | -81.24 | -234.2 | -116.9 |
| Net margin | -6.67% | 0.88% | 3.51% | -5.01% | -15.74% | -6.41% |
| EPS 2 | -0.1924 | 0.0246 | 0.1074 | -0.1676 | -0.4760 | -0.2317 |
| Free Cash Flow 1 | 180.8 | 52.23 | 313.3 | -110.9 | -3.586 | -54.56 |
| FCF margin | 13.35% | 3.99% | 21.85% | -6.83% | -0.24% | -2.99% |
| FCF Conversion (EBITDA) | 131.61% | 35.53% | 194.96% | - | - | - |
| FCF Conversion (Net income) | - | 453.02% | 622.19% | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/24/19 | 4/27/20 | 4/9/21 | 4/29/22 | 3/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 114 | 87.1 | 54.8 | 203 | 388 | 35.6 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8308 x | 0.5928 x | 0.3411 x | 3.661 x | -4.061 x | 0.4359 x |
| Free Cash Flow 1 | 181 | 52.2 | 313 | -111 | -3.59 | -54.6 |
| ROE (net income / shareholders' equity) | -6.19% | 0.81% | 3.48% | -5.59% | -18.6% | -9.54% |
| ROA (Net income/ Total Assets) | 0.01% | 0.29% | 0.81% | -2.6% | -6.11% | -2.16% |
| Assets 1 | -623,473 | 3,930 | 6,216 | 3,123 | 3,834 | 5,417 |
| Book Value Per Share 2 | 3.010 | 3.030 | 3.140 | 2.910 | 2.540 | 3.100 |
| Cash Flow per Share 2 | 0.4400 | 0.2900 | 0.4700 | 0.4300 | 0.4000 | 0.9300 |
| Capex 1 | 74.5 | 21.7 | 11.8 | 191 | 159 | 72.2 |
| Capex / Sales | 5.5% | 1.66% | 0.82% | 11.76% | 10.69% | 3.96% |
| Announcement Date | 4/24/19 | 4/27/20 | 4/9/21 | 4/29/22 | 3/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.95% | 711M | |
| -5.57% | 7.77B | |
| +18.40% | 7.1B | |
| +4.58% | 3.11B | |
| -27.74% | 879M | |
| -18.92% | 673M | |
| -18.65% | 635M | |
| -5.30% | 610M | |
| -11.23% | 532M | |
| +15.75% | 457M |
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