MILKYWAY CHEMICAL SUPPLY CHAIN SERVICE CO.,LTD Financials Milkyway Chemical Supply Chain Service Co.,Ltd
Equities
603713
CNE1000036C0
Air Freight & Logistics
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 66.39 CNY | -1.43% |
|
+7.08% | +24.77% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,107 | 20,269 | 22,169 | 19,177 | 8,742 | 10,749 | - | - |
| Enterprise Value (EV) 1 | 6,107 | 20,269 | 22,951 | 20,988 | 11,644 | 13,058 | 13,113 | 14,081 |
| P/E ratio | 31.1 x | 70.3 x | 50.6 x | 32.8 x | 21 x | 19.7 x | 14.8 x | 13.3 x |
| Yield | - | 0.2% | 0.29% | 0.47% | 1% | 0.86% | 1.03% | 1.09% |
| Capitalization / Revenue | 2.52 x | 5.91 x | 2.56 x | 1.66 x | 0.9 x | 0.92 x | 0.79 x | 0.67 x |
| EV / Revenue | 2.52 x | 5.91 x | 2.65 x | 1.81 x | 1.19 x | 1.12 x | 0.97 x | 0.88 x |
| EV / EBITDA | 18.9 x | 46.1 x | 34.6 x | 23.6 x | 15.4 x | 10.9 x | 9.17 x | 8.68 x |
| EV / FCF | - | - | -119,983,392 x | -154,691,495 x | - | - | - | - |
| FCF Yield | - | - | -0% | -0% | - | - | - | - |
| Price to Book | 4.26 x | 11.8 x | 7.03 x | 5.11 x | 2.19 x | 2.44 x | 2.06 x | 1.89 x |
| Nbr of stocks (in thousands) | 152,474 | 154,737 | 164,484 | 164,385 | 164,294 | 161,903 | - | - |
| Reference price 2 | 40.05 | 131.0 | 134.8 | 116.7 | 53.21 | 66.39 | 66.39 | 66.39 |
| Announcement Date | 4/1/20 | 3/30/21 | 3/24/22 | 3/21/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,419 | 3,427 | 8,645 | 11,576 | 9,753 | 11,648 | 13,559 | 16,008 |
| EBITDA 1 | 322.8 | 439.6 | 662.5 | 890.4 | 754.8 | 1,195 | 1,431 | 1,623 |
| EBIT 1 | 238.9 | 336.1 | 530.2 | 709 | 571.5 | 797.7 | 968.3 | 1,123 |
| Operating Margin | 9.88% | 9.81% | 6.13% | 6.12% | 5.86% | 6.85% | 7.14% | 7.02% |
| Earnings before Tax (EBT) 1 | 250.1 | 349.4 | 527.9 | 729.3 | 607.6 | 740.5 | 956.9 | 1,077 |
| Net income 1 | 196.1 | 288.5 | 431.8 | 605.4 | 431.3 | 554.9 | 736 | 820.7 |
| Net margin | 8.11% | 8.42% | 4.99% | 5.23% | 4.42% | 4.76% | 5.43% | 5.13% |
| EPS 2 | 1.286 | 1.864 | 2.665 | 3.559 | 2.538 | 3.377 | 4.480 | 4.993 |
| Free Cash Flow | - | - | -191.3 | -135.7 | - | - | - | - |
| FCF margin | - | - | -2.21% | -1.17% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.2600 | 0.3900 | 0.5500 | 0.5300 | 0.5733 | 0.6846 | 0.7250 |
| Announcement Date | 4/1/20 | 3/30/21 | 3/24/22 | 3/21/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,695 | 3,060 | 3,209 | - | 2,824 | 2,482 | 2,349 | 2,178 | 3,099 | 2,126 | 2,896 | 3,001 | 3,034 | 3,159 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 161.2 | 164.1 | 213.1 | - | 213.7 | 118.1 | 126 | 171.9 | 209 | 64.63 | 201.6 | 234.7 | 233.4 | 212.5 |
| Operating Margin | 5.98% | 5.36% | 6.64% | - | 7.56% | 4.76% | 5.36% | 7.89% | 6.75% | 3.04% | 6.96% | 7.82% | 7.69% | 6.73% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 130.3 | 133.6 | 170.4 | 304.1 | 172.4 | - | - | - | - | - | - | - | - | - |
| Net margin | 4.84% | 4.37% | 5.31% | - | 6.1% | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/24/22 | 4/28/22 | 7/26/22 | 7/26/22 | 10/24/22 | 3/21/23 | 4/27/23 | 8/14/23 | 10/25/23 | 4/11/24 | 4/11/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 781 | 1,811 | 2,902 | 2,310 | 2,365 | 3,332 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.179 x | 2.034 x | 3.845 x | 1.933 x | 1.653 x | 2.054 x |
| Free Cash Flow | - | - | -191 | -136 | - | - | - | - |
| ROE (net income / shareholders' equity) | 14.6% | 18.3% | 17.8% | 17.5% | 11% | 12.4% | 14.7% | 14.3% |
| ROA (Net income/ Total Assets) | 8.86% | 9.24% | 7.86% | 7.21% | - | 5.05% | 5.55% | 6.1% |
| Assets 1 | 2,213 | 3,124 | 5,493 | 8,392 | - | 10,988 | 13,262 | 13,453 |
| Book Value Per Share 2 | 9.410 | 11.10 | 19.20 | 22.80 | 24.30 | 27.20 | 32.30 | 35.10 |
| Cash Flow per Share 2 | 1.390 | 2.190 | 1.230 | 3.730 | 4.290 | 4.750 | 5.490 | 8.410 |
| Capex 1 | 188 | 102 | 351 | 748 | 521 | 406 | 550 | 689 |
| Capex / Sales | 7.78% | 2.99% | 4.06% | 6.46% | 5.34% | 3.48% | 4.05% | 4.31% |
| Announcement Date | 4/1/20 | 3/30/21 | 3/24/22 | 3/21/23 | 4/11/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
66.39
CNY
Average target price
74.18
CNY
Spread / Average Target
+11.73%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +24.77% | 1.51B | |
| -15.53% | 32.23B | |
| -11.85% | 32.09B | |
| -1.52% | 6.34B | |
| -2.40% | 5.15B | |
| +7.69% | 4.26B | |
| -5.09% | 4.25B | |
| 0.00% | 3.97B | |
| +8.50% | 3.84B | |
| +76.86% | 2.74B |
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- Financials Milkyway Chemical Supply Chain Service Co.,Ltd
