Financials China Resources Double-Crane Pharmaceutical Co.,Ltd.

Equities

600062

CNE000000Q94

Pharmaceuticals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
21.77 CNY +2.01% Intraday chart for China Resources Double-Crane Pharmaceutical Co.,Ltd. +2.69% +17.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,614 12,508 13,948 18,276 18,992 22,227 - -
Enterprise Value (EV) 1 11,835 10,105 13,948 18,276 18,992 22,227 22,227 22,227
P/E ratio 12.9 x 12.4 x 14.9 x 15.9 x 14.3 x 14.9 x 13.2 x 12.2 x
Yield 2.33% 2.42% - - 1.38% 1.38% 1.56% -
Capitalization / Revenue 1.45 x 1.47 x 1.53 x 1.93 x 1.86 x 1.96 x 1.76 x 1.73 x
EV / Revenue 1.45 x 1.47 x 1.53 x 1.93 x 1.86 x 1.96 x 1.76 x 1.73 x
EV / EBITDA 8.39 x 7.8 x 8.8 x 9.48 x 8.86 x 9.58 x 8.62 x 8.28 x
EV / FCF 11,339,571 x 11,859,366 x - - 18,451,781 x - - -
FCF Yield 0% 0% - - 0% - - -
Price to Book 1.58 x 1.35 x 1.41 x 1.86 x 1.74 x 1.83 x 1.64 x 1.49 x
Nbr of stocks (in thousands) 1,043,238 1,043,238 1,043,238 1,021,567 1,021,061 1,020,978 - -
Reference price 2 13.05 11.99 13.37 17.89 18.60 21.77 21.77 21.77
Announcement Date 3/20/20 3/18/21 3/24/22 3/27/23 3/21/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,381 8,504 9,112 9,447 10,222 11,360 12,645 12,878
EBITDA 1 1,623 1,605 1,585 1,928 2,142 2,320 2,579 2,684
EBIT 1 1,262 1,229 1,137 1,406 1,515 1,780 2,007 2,178
Operating Margin 13.46% 14.46% 12.48% 14.88% 14.82% 15.67% 15.87% 16.92%
Earnings before Tax (EBT) 1 1,262 1,215 1,121 1,415 1,567 1,788 2,016 2,188
Net income 1 1,055 1,005 935.7 1,164 1,333 1,521 1,714 1,862
Net margin 11.25% 11.82% 10.27% 12.32% 13.04% 13.39% 13.55% 14.45%
EPS 2 1.011 0.9635 0.8969 1.124 1.300 1.463 1.647 1.790
Free Cash Flow 1,201 1,055 - - 1,029 - - -
FCF margin 12.8% 12.4% - - 10.07% - - -
FCF Conversion (EBITDA) 73.96% 65.73% - - 48.04% - - -
FCF Conversion (Net income) 113.79% 104.93% - - 77.21% - - -
Dividend per Share 2 0.3040 0.2900 - - 0.2570 0.3000 0.3400 -
Announcement Date 3/20/20 3/18/21 3/24/22 3/27/23 3/21/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2024 Q1
Net sales 1 2,835
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 416.1
Net margin 14.68%
EPS -
Dividend per Share -
Announcement Date 4/25/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 1,779 2,404 - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1,201 1,055 - - 1,029 - - -
ROE (net income / shareholders' equity) 12.9% 11.3% 9.78% 11.7% 12.4% 12.3% 12.5% 11.9%
ROA (Net income/ Total Assets) 9.78% 8.49% - - 8.71% 9.3% 9.55% 9.5%
Assets 1 10,792 11,846 - - 15,298 16,351 17,944 19,595
Book Value Per Share 2 8.250 8.910 9.490 9.610 10.70 11.90 13.30 14.70
Cash Flow per Share 2 1.380 1.300 1.290 1.290 1.570 1.870 2.140 2.340
Capex 1 239 305 480 522 602 705 797 643
Capex / Sales 2.55% 3.59% 5.27% 5.52% 5.88% 6.21% 6.3% 5%
Announcement Date 3/20/20 3/18/21 3/24/22 3/27/23 3/21/24 - - -
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
3
Last Close Price
21.77 CNY
Average target price
25.58 CNY
Spread / Average Target
+17.50%
Consensus

Annual profits - Rate of surprise

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