Financials PhiChem Corporation

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-27 pm EDT			5-day change	1st Jan Change
12.14 ^CNY	+2.88%		+3.14%	-22.97%

May. 22	PhiChem Corporation Approves the Cash Dividend for the Year 2023	CI
Apr. 29	PhiChem Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,739	9,063	12,373	9,004	8,262	6,364	-	-
Enterprise Value (EV) ¹	7,739	9,063	12,373	9,404	8,979	6,364	6,364	6,364
P/E ratio	29.9 x	39.5 x	32.2 x	20.4 x	75 x	14.9 x	15.2 x	13.3 x
Yield	-	0.37%	0.29%	0.47%	0.51%	0.66%	-	-
Capitalization / Revenue	5.11 x	4.86 x	4.71 x	3.1 x	3.03 x	1.93 x	1.74 x	1.47 x
EV / Revenue	5.11 x	4.86 x	4.71 x	3.1 x	3.03 x	1.93 x	1.74 x	1.47 x
EV / EBITDA	19.8 x	23.3 x	20.5 x	14 x	24.8 x	9.14 x	8.34 x	7.01 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.21 x	3.47 x	3.93 x	2.56 x	2.17 x	1.51 x	1.41 x	1.29 x
Nbr of stocks (in thousands)	517,642	510,305	512,138	524,380	524,209	524,209	-	-
Reference price ²	14.95	17.76	24.16	17.17	15.76	12.14	12.14	12.14
Announcement Date	2/27/20	3/17/21	3/30/22	3/30/23	4/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,513	1,864	2,627	2,907	2,729	3,298	3,663	4,318
EBITDA ¹	390.3	388.2	602.9	643.9	333.6	696.3	763.3	907.9
EBIT ¹	305.8	275.9	478.3	495	151.4	492.2	574.3	654
Operating Margin	20.21%	14.8%	18.21%	17.03%	5.55%	14.92%	15.68%	15.15%
Earnings before Tax (EBT) ¹	303.8	274.9	474.4	493.1	151.2	491.7	573.3	653
Net income ¹	255.1	229.8	385.9	434.6	112.4	391.5	423.4	481.1
Net margin	16.86%	12.33%	14.69%	14.95%	4.12%	11.87%	11.56%	11.14%
EPS ²	0.5000	0.4500	0.7500	0.8400	0.2100	0.8167	0.8000	0.9100
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.0650	0.0700	0.0800	0.0800	0.0800	-	-
Announcement Date	2/27/20	3/17/21	3/30/22	3/30/23	4/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	400	717	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.6213 x	2.15 x	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.1%	9.03%	10.7%	12.7%	2.99%	10.1%	10.6%	10.9%
ROA (Net income/ Total Assets)	6.21%	4.48%	5.62%	-	-	6.1%	-	-
Assets ¹	4,110	5,135	6,861	-	-	6,419	-	-
Book Value Per Share ²	4.660	5.120	6.150	6.720	7.250	8.070	8.590	9.420
Cash Flow per Share ²	0.3600	0.3300	0.5000	0.7600	0.5500	0.8100	1.020	0.7300
Capex ¹	267	261	266	195	271	389	588	586
Capex / Sales	17.68%	14%	10.11%	6.7%	9.93%	11.79%	16.06%	13.58%
Announcement Date	2/27/20	3/17/21	3/30/22	3/30/23	4/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.14 CNY

Average target price

16.21 CNY

Spread / Average Target

+33.53%

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