Financials Hang Xiao Steel Structure Co.,Ltd

Equities

600477

CNE000001G79

Construction & Engineering

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.74 CNY +1.48% Intraday chart for Hang Xiao Steel Structure Co.,Ltd +2.62% -16.72%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,074 8,077 8,895 9,595 7,761 6,464 - -
Enterprise Value (EV) 1 6,074 8,077 8,895 9,595 7,761 6,464 6,464 6,464
P/E ratio 12.9 x 11.2 x 21.6 x 32.7 x 26.3 x 19.1 x 14.4 x 15.2 x
Yield 3.55% 2.8% 1.45% 0.86% 1.52% 2.01% 2.19% -
Capitalization / Revenue 0.92 x 0.99 x 0.93 x 0.97 x 0.72 x 0.54 x 0.49 x 0.43 x
EV / Revenue 0.92 x 0.99 x 0.93 x 0.97 x 0.72 x 0.54 x 0.49 x 0.43 x
EV / EBITDA 9.48 x 7.93 x 13.4 x 23.9 x 14 x 7.53 x 6.75 x 6.09 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.74 x 1.99 x 2.07 x 1.89 x 1.5 x 1.12 x 1.08 x 1 x
Nbr of stocks (in thousands) 2,153,737 2,153,737 2,153,737 2,369,111 2,359,113 2,359,113 - -
Reference price 2 2.820 3.750 4.130 4.050 3.290 2.740 2.740 2.740
Announcement Date 3/9/20 3/26/21 4/19/22 3/31/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,633 8,139 9,578 9,935 10,820 11,993 13,279 14,980
EBITDA 1 640.9 1,018 665.8 400.9 553.1 858.5 957.1 1,061
EBIT 1 550 905.5 536.6 229.9 339.4 362.4 470.8 487.1
Operating Margin 8.29% 11.13% 5.6% 2.31% 3.14% 3.02% 3.55% 3.25%
Earnings before Tax (EBT) 1 546.8 904.7 537.7 227.9 338.3 362 468.9 485.2
Net income 1 468.9 723.9 411.6 267.9 293.6 340.7 394.6 420
Net margin 7.07% 8.89% 4.3% 2.7% 2.71% 2.84% 2.97% 2.8%
EPS 2 0.2180 0.3360 0.1910 0.1240 0.1250 0.1433 0.1900 0.1800
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1000 0.1050 0.0600 0.0350 0.0500 0.0550 0.0600 -
Announcement Date 3/9/20 3/26/21 4/19/22 3/31/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.3% 19.4% 9.94% 5.35% 5.74% 5.92% 6.59% 6.46%
ROA (Net income/ Total Assets) 5.62% 8.16% 3.97% 4.95% - 3% 3.2% -
Assets 1 8,344 8,874 10,359 5,413 - 11,355 12,330 -
Book Value Per Share 2 1.620 1.880 2.000 2.140 2.190 2.440 2.530 2.750
Cash Flow per Share 2 0.1500 -0.0100 -0.4200 -0.3500 -0.2400 0.2100 0.1600 0.1200
Capex 1 113 262 304 600 1,329 985 601 1,045
Capex / Sales 1.7% 3.22% 3.17% 6.04% 12.28% 8.21% 4.53% 6.98%
Announcement Date 3/9/20 3/26/21 4/19/22 3/31/23 3/29/24 - - -
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
4
Last Close Price
2.74 CNY
Average target price
4.3 CNY
Spread / Average Target
+56.93%
Consensus

Annual profits - Rate of surprise

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