MINFENG SPECIAL PAPER CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.12 CNY | +3.23% |
|
+6.67% | -16.61% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,171 | 2,038 | 1,753 | 2,192 | 1,957 | 2,157 |
| Enterprise Value (EV) 1 | 2,778 | 2,642 | 2,284 | 2,699 | 2,346 | 2,787 |
| P/E ratio | 206 x | 145 x | 36.1 x | 36.7 x | 139 x | 47.2 x |
| Yield | 0.08% | 0.09% | 0.3% | 0.32% | 0.18% | 0.24% |
| Capitalization / Revenue | 1.43 x | 1.46 x | 1.3 x | 1.44 x | 1.17 x | 1.33 x |
| EV / Revenue | 1.83 x | 1.89 x | 1.69 x | 1.77 x | 1.4 x | 1.72 x |
| EV / EBITDA | 21.5 x | 19.5 x | 14.4 x | 18.1 x | 21.5 x | 20.7 x |
| EV / FCF | 21.2 x | -108 x | 50.8 x | 58 x | 18.4 x | -10.8 x |
| FCF Yield | 4.72% | -0.93% | 1.97% | 1.72% | 5.44% | -9.25% |
| Price to Book | 1.69 x | 1.57 x | 1.3 x | 1.57 x | 1.39 x | 1.49 x |
| Nbr of stocks (in thousands) | 351,300 | 351,300 | 351,300 | 351,300 | 351,300 | 351,300 |
| Reference price 2 | 6.180 | 5.800 | 4.990 | 6.240 | 5.570 | 6.140 |
| Announcement Date | 3/28/19 | 4/8/20 | 4/8/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,518 | 1,399 | 1,353 | 1,526 | 1,671 | 1,618 |
| EBITDA 1 | 129 | 135.6 | 159.1 | 148.7 | 108.9 | 134.7 |
| EBIT 1 | 17.29 | 29.06 | 74.94 | 77.97 | 35.81 | 61.42 |
| Operating Margin | 1.14% | 2.08% | 5.54% | 5.11% | 2.14% | 3.8% |
| Earnings before Tax (EBT) 1 | 8.909 | 12.68 | 48.1 | 61.16 | 15.9 | 46.73 |
| Net income 1 | 10.02 | 12.8 | 48.55 | 58.31 | 15.4 | 46.73 |
| Net margin | 0.66% | 0.91% | 3.59% | 3.82% | 0.92% | 2.89% |
| EPS 2 | 0.0300 | 0.0400 | 0.1382 | 0.1700 | 0.0400 | 0.1300 |
| Free Cash Flow 1 | 131.2 | -24.49 | 44.95 | 46.54 | 127.5 | -257.8 |
| FCF margin | 8.64% | -1.75% | 3.32% | 3.05% | 7.63% | -15.94% |
| FCF Conversion (EBITDA) | 101.7% | - | 28.26% | 31.29% | 117.08% | - |
| FCF Conversion (Net income) | 1,308.72% | - | 92.59% | 79.82% | 828.05% | - |
| Dividend per Share 2 | 0.005000 | 0.005000 | 0.0150 | 0.0200 | 0.0100 | 0.0150 |
| Announcement Date | 3/28/19 | 4/8/20 | 4/8/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 607 | 604 | 531 | 507 | 389 | 630 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.705 x | 4.458 x | 3.338 x | 3.411 x | 3.575 x | 4.68 x |
| Free Cash Flow 1 | 131 | -24.5 | 44.9 | 46.5 | 128 | -258 |
| ROE (net income / shareholders' equity) | 0.69% | 0.99% | 3.64% | 4.25% | 1.1% | 3.27% |
| ROA (Net income/ Total Assets) | 0.49% | 0.83% | 2.15% | 2.22% | 1.02% | 1.68% |
| Assets 1 | 2,048 | 1,534 | 2,257 | 2,632 | 1,503 | 2,787 |
| Book Value Per Share 2 | 3.660 | 3.690 | 3.830 | 3.980 | 4.000 | 4.130 |
| Cash Flow per Share 2 | 0.2700 | 0.2600 | 0.4300 | 0.3700 | 0.5400 | 0.5600 |
| Capex 1 | 47.7 | 43.1 | 40 | 48.9 | 41 | 247 |
| Capex / Sales | 3.14% | 3.08% | 2.96% | 3.21% | 2.45% | 15.26% |
| Announcement Date | 3/28/19 | 4/8/20 | 4/8/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -16.61% | 249M | |
| +27.77% | 6B | |
| +33.70% | 2.69B | |
| -3.83% | 1.61B | |
| +7.53% | 1.52B | |
| -17.32% | 1.19B | |
| +18.49% | 1.03B | |
| -11.76% | 937M | |
| -17.90% | 872M | |
| -13.53% | 825M |
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