Financials HBIS Resources Co., Ltd.

Equities

000923

CNE000000ZK2

Iron & Steel

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-20 pm EDT			5-day change	1st Jan Change
21.2 ^CNY	-3.06%		+8.33%	+26.19%

Apr. 26	HBIS Resources Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	HBIS Resources Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,641	16,246	9,334	8,583	10,966	13,838	-	-
Enterprise Value (EV) ¹	9,641	16,246	9,334	8,583	10,966	13,838	13,838	13,838
P/E ratio	18.2 x	16.7 x	7.17 x	-	12 x	12.2 x	9.86 x	8.71 x
Yield	-	0.4%	-	-	3.57%	3.49%	3.63%	4.53%
Capitalization / Revenue	1.66 x	2.74 x	-	1.7 x	1.87 x	1.95 x	1.6 x	1.41 x
EV / Revenue	1.66 x	2.74 x	-	1.7 x	1.87 x	1.95 x	1.6 x	1.41 x
EV / EBITDA	7.85 x	7.23 x	-	-	5.27 x	6 x	5.06 x	4.32 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.34 x	2.19 x	-	-	1.19 x	1.38 x	1.24 x	1.15 x
Nbr of stocks (in thousands)	652,729	652,729	652,729	652,729	652,729	652,729	-	-
Reference price ²	14.77	24.89	14.30	13.15	16.80	21.20	21.20	21.20
Announcement Date	4/28/20	4/14/21	4/26/22	4/27/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,800	5,935	-	5,053	5,867	7,081	8,647	9,804
EBITDA ¹	1,228	2,247	-	-	2,081	2,308	2,735	3,202
EBIT ¹	1,076	2,108	-	-	1,910	2,310	2,768	3,149
Operating Margin	18.56%	35.52%	-	-	32.56%	32.62%	32.01%	32.12%
Earnings before Tax (EBT) ¹	1,083	2,104	-	-	1,882	2,296	2,756	3,139
Net income ¹	528.6	971.1	-	-	912.5	1,136	1,404	1,590
Net margin	9.11%	16.36%	-	-	15.55%	16.05%	16.24%	16.21%
EPS ²	0.8099	1.488	1.994	-	1.398	1.740	2.150	2.433
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1000	-	-	0.6000	0.7400	0.7700	0.9600
Announcement Date	4/28/20	4/14/21	4/26/22	4/27/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	193.2
Net margin	-
EPS ²	0.2965
Dividend per Share	-
Announcement Date	8/29/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.81%	13.3%	-	10.1%	11.4%	12.8%	13.2%
ROA (Net income/ Total Assets)	-	7.39%	-	-	6.86%	7.34%	7.43%
Assets ¹	-	13,136	-	-	16,565	19,128	21,395
Book Value Per Share ²	11.00	11.40	-	14.10	15.40	17.10	18.40
Cash Flow per Share ²	1.440	3.700	1.180	2.370	2.010	2.930	3.430
Capex ¹	864	731	-	890	385	308	224
Capex / Sales	14.9%	12.32%	-	15.18%	5.44%	3.57%	2.28%
Announcement Date	4/28/20	4/14/21	4/27/23	4/26/24	-	-	-

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

Ratings for HBIS Resources Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.2 CNY

Average target price

23.97 CNY

Spread / Average Target

+13.07%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
HBIS RESOURCES CO., LTD.	+26.19%	1.97B
FORTESCUE LTD	-6.93%	55.96B
VALE S.A.	-14.56%	55.57B
NMDC LIMITED	+34.75%	9.85B
KUMBA IRON ORE LIMITED	-14.49%	9.27B
CSN MINERAÇÃO S.A.	-29.63%	5.79B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.78B
HAINAN MINING CO., LTD.	+10.77%	2.08B
DETERRA ROYALTIES LIMITED	-8.35%	1.71B
BRADESPAR S.A.	-16.27%	1.53B

Iron Ore Mining