Financials Henan Mingtai Al.Industrial Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
12.28 ^CNY	-0.89%		-4.66%	+8.29%

Apr. 26	Henan Mingtai Al.Industrial Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 05	Mingtai Aluminum Industrial Sells 106,000 Tons of Aluminum Sheets With Foil in February	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,106	8,715	30,089	17,520	13,523	15,273	-	-
Enterprise Value (EV) ¹	7,106	8,715	30,089	17,520	13,523	15,273	15,273	15,273
P/E ratio	7.64 x	9.89 x	16.6 x	12.1 x	8.66 x	9.52 x	7.49 x	7.49 x
Yield	-	1.41%	0.64%	0.92%	1.15%	1.22%	2.12%	1.55%
Capitalization / Revenue	0.5 x	0.53 x	1.22 x	0.63 x	0.51 x	0.49 x	0.39 x	0.39 x
EV / Revenue	0.5 x	0.53 x	1.22 x	0.63 x	0.51 x	0.49 x	0.39 x	0.39 x
EV / EBITDA	4.66 x	-	11.5 x	7.14 x	6.38 x	5.7 x	5 x	-
EV / FCF	-	-	-	-17,120,574 x	-	-	-	-
FCF Yield	-	-	-	-0%	-	-	-	-
Price to Book	1.01 x	1.11 x	2.82 x	1.46 x	0.86 x	0.89 x	0.81 x	0.74 x
Nbr of stocks (in thousands)	862,795	862,823	955,436	965,828	1,192,492	1,243,704	-	-
Reference price ²	8.236	10.10	31.49	18.14	11.34	12.28	12.28	12.28
Announcement Date	4/28/20	3/29/21	3/18/22	4/20/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	14,148	16,333	24,613	27,781	26,442	31,361	38,860	39,268
EBITDA ¹	1,523	-	2,606	2,452	2,121	2,680	3,056	-
EBIT ¹	1,214	1,304	2,173	1,954	1,460	1,800	2,339	2,296
Operating Margin	8.58%	7.98%	8.83%	7.03%	5.52%	5.74%	6.02%	5.85%
Earnings before Tax (EBT) ¹	1,212	1,301	2,142	1,950	1,459	1,798	2,332	2,294
Net income ¹	917	1,070	1,852	1,599	1,347	1,608	1,979	2,045
Net margin	6.48%	6.55%	7.52%	5.75%	5.1%	5.13%	5.09%	5.21%
EPS ²	1.079	1.021	1.893	1.500	1.310	1.290	1.640	1.640
Free Cash Flow	-	-	-	-1,023	-	-	-	-
FCF margin	-	-	-	-3.68%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1429	0.2000	0.1660	0.1300	0.1500	0.2600	0.1900
Announcement Date	4/28/20	3/29/21	3/18/22	4/20/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-1,023	-	-	-	-
ROE (net income / shareholders' equity)	14%	14%	16.5%	14%	10.5%	9.41%	10.8%	9.94%
ROA (Net income/ Total Assets)	-	8.72%	10%	-	-	7.1%	7.95%	7.7%
Assets ¹	-	12,271	18,456	-	-	22,648	24,897	26,558
Book Value Per Share ²	8.160	9.130	11.20	12.40	13.10	13.70	15.20	16.50
Cash Flow per Share ²	-0.1900	0.9500	2.160	-0.8800	0.5600	0.6900	2.540	1.640
Capex ¹	-	355	399	167	213	1,231	940	350
Capex / Sales	-	2.17%	1.62%	0.6%	0.8%	3.93%	2.42%	0.89%
Announcement Date	4/28/20	3/29/21	3/18/22	4/20/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.28 CNY

Average target price

13.78 CNY

Spread / Average Target

+12.21%

	1st Jan change	Capi.
HENAN MINGTAI AL.INDUSTRIAL CO.,LTD.	+8.29%	2.13B
GUANGDONG HEC TECHNOLOGY HOLDING CO., LTD	+20.74%	3.7B
SHANGHAI HUAFON ALUMINIUM CORPORATION	+10.75%	2.74B
JIANGSU DINGSHENG NEW MATERIALS JOINT-STOCK CO.,LTD	-16.84%	1.35B
SHANDONG HONTRON ALUMINUM INDUSTRY HOLDING COMPANY LIMITED	+15.86%	807M
ANHUI XINBO ALUMINUM CO., LTD.	-18.84%	694M
ZYF LOPSKING ALUMINUM CO., LTD.	-6.74%	578M
JIANGSU ALCHA ALUMINIUM GROUP CO., LTD.	-18.85%	524M
NANTONG HAIXING ELECTRONICS CO., LTD.	-17.83%	400M
BORYSZEW S.A.	+0.32%	315M