Financials Hubei Huitian New Materials Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
7.95 ^CNY	+1.27%		-3.28%	-20.66%

Apr. 28	Hubei Huitian New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 15	Hubei Huitian New Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,083	5,952	7,722	7,032	5,519	4,291	-	-
Enterprise Value (EV) ¹	4,083	5,952	7,722	7,032	5,519	4,291	4,291	4,291
P/E ratio	26.5 x	26.4 x	35.2 x	24.2 x	20.7 x	13.2 x	11.1 x	9.03 x
Yield	1.78%	-	-	0.92%	1%	1.26%	1.51%	1.89%
Capitalization / Revenue	2.17 x	2.75 x	2.61 x	1.89 x	1.41 x	0.98 x	0.86 x	0.75 x
EV / Revenue	2.17 x	2.75 x	2.61 x	1.89 x	1.41 x	0.98 x	0.86 x	0.75 x
EV / EBITDA	16.7 x	18.9 x	25.6 x	17.5 x	12.9 x	7.41 x	6.37 x	5.38 x
EV / FCF	-	-	-	-32,189,908 x	-	-	-	-
FCF Yield	-	-	-	-0%	-	-	-	-
Price to Book	2.57 x	3.17 x	3.63 x	2.71 x	2.04 x	1.42 x	1.28 x	1.14 x
Nbr of stocks (in thousands)	523,426	541,471	541,471	560,155	550,749	539,722	-	-
Reference price ²	7.800	10.99	14.26	12.55	10.02	7.950	7.950	7.950
Announcement Date	2/27/20	2/8/21	4/22/22	4/17/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,880	2,164	2,954	3,714	3,902	4,360	4,976	5,709
EBITDA ¹	244.8	315.6	301.5	401	429.1	578.7	673.3	797
EBIT ¹	182.1	248.9	241.4	318.4	332.4	379.2	449	555.2
Operating Margin	9.69%	11.5%	8.17%	8.57%	8.52%	8.7%	9.02%	9.73%
Earnings before Tax (EBT) ¹	183.6	247.3	243.3	316.8	331.7	377.8	447.2	553.5
Net income ¹	158.2	218.2	227.4	291.7	298.7	337.7	399.2	493
Net margin	8.41%	10.08%	7.7%	7.85%	7.66%	7.75%	8.02%	8.63%
EPS ²	0.2945	0.4168	0.4052	0.5178	0.4848	0.6025	0.7150	0.8800
Free Cash Flow	-	-	-	-218.5	-	-	-	-
FCF margin	-	-	-	-5.88%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1385	-	-	0.1154	0.1000	0.1000	0.1200	0.1500
Announcement Date	2/27/20	2/8/21	4/22/22	4/17/23	4/15/24	-	-	-

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	-	-	-	-218	-	-	-	-
ROE (net income / shareholders' equity)	9.18%	12.4%	10.9%	12.4%	10.6%	10.7%	11.4%	12.6%
ROA (Net income/ Total Assets)	6.12%	7.49%	5.89%	4.87%	-	5.18%	5.58%	6.35%
Assets ¹	2,584	2,914	3,859	5,990	-	6,520	7,161	7,767
Book Value Per Share ²	3.030	3.470	3.930	4.630	4.920	5.590	6.200	6.960
Cash Flow per Share ²	0.4000	0.2300	0.2200	0.2400	1.200	0.8800	0.7800	0.9700
Capex ¹	84	95.3	361	352	281	332	275	286
Capex / Sales	4.47%	4.41%	12.23%	9.48%	7.2%	7.61%	5.53%	5%
Announcement Date	2/27/20	2/8/21	4/22/22	4/17/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.95 CNY

Average target price

11.01 CNY

Spread / Average Target

+38.49%

	1st Jan change	Capi.
HUBEI HUITIAN NEW MATERIALS CO., LTD.	-20.66%	594M
H.B. FULLER COMPANY	-0.32%	4.42B
NAN PAO RESINS CHEMICAL CO., LTD.	+37.01%	1.44B
LINTEC CORPORATION	+17.09%	1.42B
SHANDONG DONGYUE ORGANOSILICON MATERIALS CO., LTD.	-1.45%	1.36B
EPOXY BASE ELECTRONIC MATERIAL CORPORATION LIMITED	-19.90%	790M
JIANGSU HHCK ADVANCED MATERIALS CO.,LTD	-24.76%	780M
CHENGDU GUIBAO SCIENCE & TECHNOLOGY CO.,LTD.	-19.75%	717M
DARBOND TECHNOLOGY CO., LTD	-39.67%	630M
SWANCOR HOLDING CO., LTD.	+49.03%	445M