SHENZHEN SUNXING LIGHT ALLOYS MATERIALS CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.35 CNY | -3.24% |
|
+5.58% | -31.54% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,016 | 4,130 | 2,758 | 4,428 | 3,040 | 2,720 |
| Enterprise Value (EV) 1 | 2,818 | 4,148 | 3,009 | 4,916 | 3,725 | 3,956 |
| P/E ratio | 24.2 x | 43.7 x | 95.8 x | 152 x | -63.9 x | -15.4 x |
| Yield | - | 0.24% | - | - | - | - |
| Capitalization / Revenue | 2.74 x | 3.99 x | 2.8 x | 3.22 x | 1.99 x | 1.72 x |
| EV / Revenue | 2.56 x | 4.01 x | 3.05 x | 3.57 x | 2.44 x | 2.5 x |
| EV / EBITDA | 18.6 x | 27.9 x | 26.7 x | 46.6 x | 86.9 x | 103 x |
| EV / FCF | 13.5 x | -64.8 x | -9.57 x | -15.8 x | 34.2 x | -12.4 x |
| FCF Yield | 7.39% | -1.54% | -10.4% | -6.31% | 2.92% | -8.04% |
| Price to Book | 2.14 x | 2.74 x | 1.65 x | 2.51 x | 1.75 x | 1.71 x |
| Nbr of stocks (in thousands) | 160,000 | 160,000 | 160,000 | 161,481 | 164,057 | 164,070 |
| Reference price 2 | 18.85 | 25.81 | 17.24 | 27.42 | 18.53 | 16.58 |
| Announcement Date | 4/22/19 | 4/21/20 | 4/26/21 | 4/25/22 | 4/24/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,100 | 1,034 | 986.1 | 1,376 | 1,524 | 1,579 |
| EBITDA 1 | 151.8 | 148.6 | 112.6 | 105.5 | 42.85 | 38.32 |
| EBIT 1 | 114.7 | 98.25 | 47.99 | 36.82 | -36.93 | -59.4 |
| Operating Margin | 10.43% | 9.5% | 4.87% | 2.68% | -2.42% | -3.76% |
| Earnings before Tax (EBT) 1 | 144.4 | 108.6 | 27.59 | 28.71 | -56.2 | -130.9 |
| Net income 1 | 125.1 | 94.27 | 28.13 | 28.78 | -48.08 | -141.4 |
| Net margin | 11.37% | 9.12% | 2.85% | 2.09% | -3.15% | -8.96% |
| EPS 2 | 0.7800 | 0.5900 | 0.1800 | 0.1800 | -0.2900 | -1.080 |
| Free Cash Flow 1 | 208.4 | -64.05 | -314.4 | -310.4 | 108.9 | -318.2 |
| FCF margin | 18.94% | -6.19% | -31.88% | -22.57% | 7.15% | -20.15% |
| FCF Conversion (EBITDA) | 137.27% | - | - | - | 254.24% | - |
| FCF Conversion (Net income) | 166.56% | - | - | - | - | - |
| Dividend per Share | - | 0.0625 | - | - | - | - |
| Announcement Date | 4/22/19 | 4/21/20 | 4/26/21 | 4/25/22 | 4/24/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 18.2 | 251 | 488 | 685 | 1,236 |
| Net Cash position 1 | 198 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.1224 x | 2.228 x | 4.631 x | 15.99 x | 32.24 x |
| Free Cash Flow 1 | 208 | -64.1 | -314 | -310 | 109 | -318 |
| ROE (net income / shareholders' equity) | 9.16% | 6.46% | 1.77% | 1.66% | -2.73% | -8.51% |
| ROA (Net income/ Total Assets) | 4.07% | 3.04% | 1.23% | 0.84% | -0.78% | -1.1% |
| Assets 1 | 3,073 | 3,105 | 2,285 | 3,424 | 6,162 | 12,897 |
| Book Value Per Share 2 | 8.820 | 9.410 | 10.40 | 10.90 | 10.60 | 9.710 |
| Cash Flow per Share 2 | 1.930 | 1.010 | 3.770 | 1.010 | 2.230 | 2.130 |
| Capex 1 | 138 | 131 | 42.2 | 53.8 | 64.8 | 272 |
| Capex / Sales | 12.58% | 12.68% | 4.28% | 3.91% | 4.25% | 17.2% |
| Announcement Date | 4/22/19 | 4/21/20 | 4/26/21 | 4/25/22 | 4/24/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -31.54% | 257M | |
| -14.77% | 2.56B | |
| +0.24% | 1.83B | |
| +4.58% | 835M | |
| -10.63% | 822M | |
| -14.19% | 668M | |
| -21.23% | 598M | |
| -23.84% | 279M | |
| -25.83% | 251M | |
| -25.25% | 150M |
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