Financials Shanxi Coking Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
4.58 ^CNY	-0.22%		+1.10%	-9.13%

Apr. 23	Shanxi Coking Coal Energy's 2023 Profit Slides 37% as Operating Income Falls 15%	MT
Apr. 22	Shanxi Coking Co., Ltd. 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	11,310	11,608	15,911	13,861	12,913	11,735	-	-
Enterprise Value (EV) ¹	11,310	11,608	15,911	13,861	12,913	11,735	11,735	11,735
P/E ratio	23.7 x	10.6 x	12.6 x	5.37 x	10.1 x	12.4 x	9.54 x	8.48 x
Yield	1.34%	-	2.42%	-	0.99%	1.09%	1.31%	1.75%
Capitalization / Revenue	1.7 x	-	1.42 x	-	1.48 x	1.45 x	1.36 x	1.31 x
EV / Revenue	1.7 x	-	1.42 x	-	1.48 x	1.45 x	1.36 x	1.31 x
EV / EBITDA	-	-	-	-	-	61.3 x	32.3 x	21.7 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.11 x	-	1.31 x	-	0.85 x	0.73 x	0.69 x	0.64 x
Nbr of stocks (in thousands)	2,562,124	2,562,124	2,562,121	2,562,121	2,562,121	2,562,121	-	-
Reference price ²	4.414	4.531	6.210	5.410	5.040	4.580	4.580	4.580
Announcement Date	4/13/20	3/5/21	4/25/22	4/24/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,642	-	11,227	-	8,749	8,116	8,600	8,987
EBITDA ¹	-	-	-	-	-	191.5	363	540
EBIT ¹	453	-	1,030	-	1,270	946	1,212	1,370
Operating Margin	6.82%	-	9.18%	-	14.51%	11.66%	14.09%	15.24%
Earnings before Tax (EBT) ¹	450.9	-	1,027	-	1,263	942.5	1,208	1,366
Net income ¹	474.2	1,097	1,260	2,582	1,275	947	1,241	1,395
Net margin	7.14%	-	11.23%	-	14.58%	11.67%	14.43%	15.52%
EPS ²	0.1859	0.4283	0.4919	1.008	0.4977	0.3700	0.4800	0.5400
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0592	-	0.1500	-	0.0500	0.0500	0.0600	0.0800
Announcement Date	4/13/20	3/5/21	4/25/22	4/24/23	4/22/24	-	-	-

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	4.68%	9.77%	10.8%	-	8.64%	5.92%	7.2%	7.41%
ROA (Net income/ Total Assets)	2.34%	-	6%	-	-	3.53%	4.32%	4.52%
Assets ¹	20,282	-	20,998	-	-	26,827	28,727	30,863
Book Value Per Share ²	3.980	-	4.750	-	5.920	6.240	6.670	7.160
Cash Flow per Share ²	0.0400	-	0.2900	-	-0.7400	-0.3500	-0.2900	0.0400
Capex ¹	126	-	169	-	284	605	609	610
Capex / Sales	1.9%	-	1.5%	-	3.25%	7.45%	7.08%	6.78%
Announcement Date	4/13/20	3/5/21	4/25/22	4/24/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.58 CNY

Average target price

5 CNY

Spread / Average Target

+9.17%

	1st Jan change	Capi.
SHANXI COKING CO., LTD.	-9.13%	1.63B
CHINA SHENHUA ENERGY COMPANY LIMITED	+28.60%	106B
PT BAYAN RESOURCES TBK.	-5.03%	39.56B
COAL INDIA LIMITED	+23.52%	33.68B
SHAANXI COAL INDUSTRY COMPANY LIMITED	+20.44%	32.23B
YANKUANG ENERGY GROUP COMPANY LIMITED	+26.15%	21.37B
CHINA COAL ENERGY COMPANY LIMITED	+21.41%	19.71B
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO., LTD.	+5.02%	9.15B
SHANXI COKING COAL ENERGY GROUP CO., LTD.	+11.23%	8.4B
HUAIBEI MINING HOLDINGS CO.,LTD.	+19.06%	7.26B