Financials SKSHU Paint Co.,Ltd.

Equities

603737

CNE1000027D7

Commodity Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
34.78 CNY -5.15% Intraday chart for SKSHU Paint Co.,Ltd. +2.08% -26.95%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,814 40,201 52,381 42,850 25,091 18,329 - -
Enterprise Value (EV) 1 15,299 40,644 55,076 45,473 26,927 20,999 20,754 20,845
P/E ratio 37 x 79.3 x -125 x 129 x 144 x 31.5 x 19.1 x 19.3 x
Yield 0.82% 0.38% - - 0.34% 1.4% 1.79% 1.72%
Capitalization / Revenue 2.48 x 4.9 x 4.58 x 3.78 x 2.01 x 1.31 x 1.08 x 1.02 x
EV / Revenue 2.56 x 4.96 x 4.82 x 4.01 x 2.16 x 1.5 x 1.22 x 1.16 x
EV / EBITDA 25 x 55 x -147 x 73.8 x 44.5 x 16.5 x 9.63 x 10.5 x
EV / FCF - - -31.1 x 2,173 x 33.7 x 57.4 x 20.1 x 19.1 x
FCF Yield - - -3.22% 0.05% 2.97% 1.74% 4.96% 5.25%
Price to Book 8.71 x 16.2 x 27 x 18.9 x 10.3 x 6.25 x 4.62 x 4.35 x
Nbr of stocks (in thousands) 504,038 520,091 527,012 527,012 527,012 527,012 - -
Reference price 2 29.39 77.30 99.39 81.31 47.61 34.78 34.78 34.78
Announcement Date 4/9/20 1/14/21 4/29/22 4/28/23 4/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,972 8,200 11,429 11,338 12,476 13,960 16,978 18,018
EBITDA 1 612 739.5 -373.4 616.3 604.8 1,275 2,156 1,979
EBIT 1 520 609.6 -566.2 333.9 205.2 691.4 1,138 1,119
Operating Margin 8.71% 7.43% -4.95% 2.94% 1.64% 4.95% 6.7% 6.21%
Earnings before Tax (EBT) 1 502.3 583.4 -573.5 320.9 190.1 629.6 1,066 1,050
Net income 1 406.1 501.8 -416.9 329.5 173.5 581.7 959.7 949.1
Net margin 6.8% 6.12% -3.65% 2.91% 1.39% 4.17% 5.65% 5.27%
EPS 2 0.7945 0.9745 -0.7929 0.6286 0.3300 1.105 1.822 1.801
Free Cash Flow 1 - - -1,773 20.92 799.5 366 1,030 1,094
FCF margin - - -15.51% 0.18% 6.41% 2.62% 6.07% 6.07%
FCF Conversion (EBITDA) - - - 3.4% 132.19% 28.71% 47.77% 55.28%
FCF Conversion (Net income) - - - 6.35% 460.7% 62.92% 107.33% 115.27%
Dividend per Share 2 0.2405 0.2908 - - 0.1600 0.4855 0.6213 0.5986
Announcement Date 4/9/20 1/14/21 4/29/22 4/28/23 4/19/24 - - -
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 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,523 1,698 3,009 - 3,240 3,392 2,053 3,683 5,736 3,674 3,065 2,066 3,503 4,028 3,857 - -
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 -633.5 -55.8 145.1 - 245.5 -0.9063 45.33 356.7 - 294.4 -491.1 - 171.1 469.3 -9.097 - -
Operating Margin -17.98% -3.29% 4.82% - 7.58% -0.03% 2.21% 9.68% - 8.01% -16.02% - 4.88% 11.65% -0.24% - -
Earnings before Tax (EBT) 1 -637.6 - - - - -6.809 - 350.2 - 293.6 -499.8 - 2.337 539.2 125.7 - -
Net income 1 -480.9 - 134.6 95.87 - 28.85 - 284.1 310.6 244 -381 47.08 -12.13 328 280.4 - -
Net margin -13.65% - 4.47% - - 0.85% - 7.72% 5.41% 6.64% -12.43% 2.28% -0.35% 8.14% 7.27% - -
EPS 2 -0.9143 -0.0714 0.2500 - 0.3929 0.0571 0.0500 0.3714 - 0.4600 -0.7200 - 0.1635 0.5062 0.2560 - -
Dividend per Share 2 - - - - - - - - - - - - - - 0.3662 - -
Announcement Date 4/29/22 4/29/22 8/30/22 8/30/22 10/28/22 4/28/23 4/28/23 7/30/23 7/30/23 10/13/23 4/19/24 4/19/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 485 444 2,695 2,623 1,836 2,670 2,424 2,516
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.7918 x 0.5998 x -7.216 x 4.257 x 3.036 x 2.095 x 1.124 x 1.271 x
Free Cash Flow 1 - - -1,773 20.9 800 366 1,030 1,094
ROE (net income / shareholders' equity) 23.6% 25.1% -18.7% 15.6% 7.36% 22.8% 26.6% 24.4%
ROA (Net income/ Total Assets) 9.19% 6.8% -3.31% 2.52% - 4.82% 5.98% 5.52%
Assets 1 4,420 7,384 12,606 13,064 - 12,065 16,060 17,198
Book Value Per Share 2 3.370 4.760 3.690 4.310 4.640 5.570 7.530 8.000
Cash Flow per Share 2 0.7800 0.8700 0.9200 1.810 2.670 2.710 2.960 3.260
Capex 1 689 850 2,257 935 609 594 639 633
Capex / Sales 11.53% 10.36% 19.75% 8.25% 4.88% 4.25% 3.76% 3.51%
Announcement Date 4/9/20 1/14/21 4/29/22 4/28/23 4/19/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
34.78 CNY
Average target price
43.26 CNY
Spread / Average Target
+24.39%
Consensus
  1. Stock Market
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  3. 603737 Stock
  4. Financials SKSHU Paint Co.,Ltd.
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